BEIJING (TIP): China has linked up the two stock markets of Shanghai and Hong Kong, which will make cross border investment possible for people living in Mainland China and in Hong Kong. They were not permitted to do so earlier. But the real catch lies beyond the usual stock trading. China is trying to push forward its agenda of internationalizing the Yuan. Hong Kong and other overseas investors will now have to buy the Chinese currency in order to invest in the linked market. Worried that market behavior might go out of hand, authorities have imposed a ceiling on turnover amounting to $2.2 billion for investors in Hong Kong. The ceiling in the case of investors in Mainland China has been set at $1.8 billion.
The linking of stock markets will take the growth of offshore renminbi business business in Hong Kong to “new heights”, Norman Chan, chief executive of Hong Kong Monetary Authority, said. China has taken several measures including offering soft loans and aid to several countries in its own currency to make Yuan a widely used international currency. In turn, it offers a stable exchange rate because it is tightly controlled by the government. The official media quoted Lin Caiyi, chief economist with Guotai Junan Securities, saying that the linked market will act as a channel for the yuan to flow from the Mainland China to Hong Kong, be invested in the offshore market and flow back to the Mainland. This is essential for China because there is a lot more international currency trading in Hong Kong than in Shanghai
Month: November 2014
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The Kerala Center Honors Malayalee Achievers
NEW YORK (TIP): The Kerala Center held its 22nd Annual Awards Banquet at the World’s Fair Marina in Flushing, New York city on November 15th. Attended by a sold out crowd of over 250 people eight Indian American Malaylees were honored at the banquet for their achievements in their fields or for service to the community. The keynote speaker was Prof. Geeta Menon, 11th Dean of the Undergraduate College at NYU’s Leonard N. Stern School of Business and the Abraham Krasnoff Professor of Global Business and Professor of Marketing who was honored for her achievement in Education/ Other awardees are: Siby Vadekekkara, Founder, Chairman and CEO of Marlabs, New Jersey for Entrepreneurship; Suresh Nair, Head of Global Wealth and Investment Management Technology, Bank of America/Merrill Lynch, New York for Corporate Leadership; Abraham Pannikottu, Principal and Operations Manager, American Engineering Group, Akron, OH in Engineering; Dr. Gabriel D. Roy – ONR Global, Fairfax, VA for Service to Government; Dr. Thomas John Colacot, Global R&D Manager of Homogeneous Catalysis at the Johnson Matthey Catalysis and Chiral Technologies (JMCCT), West Deptford, New Jersey in Applied Sciences; Thelma Kizhakedan (Kollam Thelma), Dickinson, TX for Literature and Writing; Baby Uralil, former President, FOMAA Centereach, NY for Community Service; and Dr. Teresa Antony, Woodmere, NY with a Special Award.
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Shots hit ambulette, injuring an elderly woman inside
Mohammed Jaffer NEW YORK (TIP): Shots were fired on an ambulette in Flatland, Brooklyn,Wednesday , November 19 afternoon and one of the bullets struck an ambulance – injuring an elderly woman inside.As CBS2’s Dave Carlin reported, home security video captured the suspects in the incident on Flatlands Avenue near East 51st Street. One man was seen running along the street,while a second was seen following close behind and holding what appeared to be a gun. Police believe the second man fired several times, and one shot went into an ambulance carrying senior citizens.
A second security camera angle shows the men running and the ambulette as its driver hits the brakes.The shot went through the windshield of the ambulette, and inside, a woman was injured.Witnesses said the wound appeared to be a gash caused by either a bullet fragment or broken glass.”An innocent bystander gets hurt for no reason,” said neighbor Jerry Thompson. Seconds earlier, a man whose name is not being released said he was outside his house and saw the two men and the gun up close. The suspects looked right at him. “Young guys – they’re not past 19 or 18, 17,” the witness said. “A light-skinned guy looked at me and the other guy said,went like that, ‘Forget it.’” As 1010 WINS’ Al Jones reported, the 71-yearold woman in the ambulance was hospitalized at Kings County Hospital. Doctors said they expect her to make a full recovery.Police were questioning a person of interest in the incident late Wednesday, and were looking for a second suspect. -

Message of UN Women Executive Director on the International Day for the Elimination of Violence against Women
UNITED NATIONS (TIP): Every year, on the International Day for the Elimination of Violence against Women (November 25), we are reminded how every day, women and girls experience violence in their lives. Women are beaten in their homes, harassed on the streets, bullied on the internet. Globally, one in three women will experience physical or sexual violence at some point in her life. More often than not, violence against women is committed by an intimate partner. Of all women killed in 2012, almost half died at the hands of a partner or family member.
It is no exaggeration that the overall greatest threat to women’s lives is men, and often the men they love. Yet we know how violence against women can be eliminated. In 1995, close to 20 years ago, 189 governments came together in Beijing. They adopted a Platform for Action that spelled out key strategies to end violence against women, empower women, and achieve gender equality. This includes effective prevention strategies that address the root causes of gender inequality. This includes better services for women surviving violence, such as hotlines, shelters, legal advice, access to justice, counselling, police protection, and health services.
This includes more accurate reporting rates, better data collection, and strengthened analyses of risk and prevalence factors. This includes greater support for women’s organizations, which are often on the frontline of the response. This includes having more men and boys standing up against violence, denouncing it, and stopping it. Male leaders, including traditional and religious leaders,must show the way. UN Women has launched HeForShe, a global campaign to engage men and boys as advocates and agents of change for the achievement of gender equality and women’s rights.We need men who believe in gender equality to take action now. A global review of progress and gaps in implementing the Beijing Platform for Action is underway.
Preliminary data show that many countries have introduced laws to prohibit, criminalize, and prevent violence against women. Yet implementation and enforcement of these laws are inadequate. Reporting of violence remains low and impunity for perpetrators remains high. Not enough resources are targeted at provision of quality services and effective prevention strategies. Next year, after the endpoint of the Millennium Development Goals, a new roadmap for development will be adopted by the international community. Ending violence against women and girls must have a central place in this new framework. The promises from 20 years ago are still valid today. Together we must make 2015 the year that marks the beginning of the end of gender inequality. Now is the time for action.
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President Obama Announces Immigration Reform Plans
“Our immigration system is broken, and everybody knows it”: Obama
I.S. Saluja
WASHINGTON (TIP): Ignoring dire warnings of Republicans to “Emperor Obama” that his planned executive action to grant deportation relief to millions of undocumented immigrants would “poison the well” in Congress, Obama announced his immigration reform plans to the country on Thursday, November 20 to help build a system that “lives up to our heritage as a nation of laws and a nation of immigrants.” Stating “Americans are tired of gridlock”, Obama offered to “work with both the parties” to fix the “broken system”. However, he said that he had tried to work with Congress, and blamed the House of Representatives for a bipartisan Senate bill never seeing a yes-no vote.
Still, the president said, he hopes to eventually “pass that kind of common sense law.” “This plan, which will be enacted by executive action, “will help secure the border, hold nearly 5 million undocumented immigrants accountable, and ensure that everyone plays by the same rules,” the White House said in a press release. Obama announced the actions on immigration in an address from the White House. He is expected to sign the actions at a rally in Las Vegas on Friday, November 21. “Our immigration system is broken, and everybody knows it,” he said, later adding that his critics call the plan a form of amnesty. “Well, it’s not.” Obama said. “Amnesty is the immigration system we have todaymillions of people who live here without paying their taxes or playing by the rules, while politicians use the issue to scare people and whip up votes at election time.” Obama emphasized in his address that he is instead pushing for the accountability of undocumented immigrants.
“That’s the real amnesty-leaving this broken system the way it is. Mass amnesty would be unfair. Mass deportation would be both impossible and contrary to our character. What I’m describing is accountability-a commonsense, middle ground approach: If you meet the criteria, you can come out of the shadows and get right with the law,” the president said. “If you’re a criminal, you’ll be deported. If you plan to enter the U.S. illegally, your chances of getting caught and sent back just went up.” The three main elements of the actions will be cracking down on illegal immigration at the border; deporting felons, but not families; and establishing criminal background checks and taxes for undocumented immigrants.
“By registering and passing criminal and national security background checks, millions of undocumented immigrants will start paying their fair share of taxes and temporarily stay in the U.S. without fear of deportation for three years at a time,” the White House release said. If undocumented immigrants submit to these background checks, register with the government, pay fees and show they have a child born in the U.S., then they “will have the opportunity to request temporary relief from deportation and work authorization for three years at a time.” These reforms will actually make it more difficult to enter the country without documentation, Obama said, but some did not agree.
Texas Governor Rick Perry said in a statement that Obama’s “decision tonight will lead to more illegal immigration, not less.” Obama addressed critics of the plan, explaining that “tracking down, rounding up, and deporting millions of people isn’t realistic. Anyone who suggests otherwise isn’t being straight with you.” “By providing individuals with an opportunity to come out of the shadows and work legally, we will also help crack down on companies who hired undocumented workers, which undermines the wages of all workers, and ensure that individuals are playing by the rules and paying their fair share of taxes,” the release said. The president’s executive actions will also expand the existing Deferred Action for Childhood Arrivals program. The rule currently offers temporary relief from deportation to children who had been in the country for at least five years and meet certain criteria.
Now, anyone who came to the U.S. as a child can apply if they entered before Jan. 1, 2010-no matter how old they are now. The White House also said that DACA relief will be granted for three years in the country going forward. Obama’s reforms will also cover a wide swath of issues related to immigration such as shifting more resources to the border, streamlining the immigration court process, and implementing a new Priority Enforcement Program that removes criminals. Additionally, Secretary of Homeland Security Jeh Johnson will issue a memorandum making “clear that the government’s enforcement activity should be focused on national security threats, serious criminals, and recent border crossers,” as opposed to families.
In his address, Obama cited scripture: “We shall not oppress the stranger, for we know the heart of a stranger.” He went on to add “We were strangers once, too”. He said that this country is a country of immigrants, no matter what ocean they had crossed. He also quoted his predecessor Bush who had said about illegal immigrants, ” They are a part of American life”. The president’s actions will also cover several other facets of immigration and naturalization, including “enhancing options for foreign entrepreneurs” and “streamlining the process for foreign workers and their employers.” -

Lok Sabha Speaker Sumitra Mahajan calls for early Reforms to UNSC
UNITED NATIONS (TIP): “The Security Council is, undoubtedly, one of the most important institutions of global governance,” Sumitra Mahajan, speaker of Lok Sabha, the lower house of India’s parliament, stated. “If its legitimacy is in doubt then so would be the legitimacy of the United Nations. And, in fact, of the notion of global governance itself.” Mahajan was speaking Tuesday, November 18, at a session of the Preparatory Committee for the Fourth World Conference of Speakers of Parliaments on the subject of key challenges to world peace and democracy.
She pointed out that the Council’s composition was based on UN’s structure in 1945 and she asked in a series of rhetorical questions to drive her point home, “Is that composition still representative of the international community? The United Nations then had 51 members. The figure now is 193.” At the founding of the UN, there were only three African members, including South African apartheid regime, Mahajan pointed out. “Today it has 54,” she said.

The delegates at the Fourth World Conference of Speakers of Parliaments. Sumitra Mahajan is seated fourth from the right.
“How many permanent members of the Security Council are from Africa?” After a briefing by Liechtenstein Ambassador Christian Wenaweser on the work of the Accountability, Coherence and Transparency Group, which brings together 22 nations working on UN reform, Mahajan said she would like to know what it proposes to do to “bring more legitimacy to the permanent membership of the Council.” Pressing the case for changing the composition of the Council, she asked, “While improvement in working methods, or a code of conduct on use of the veto, are important, can they substitute for reform of the composition? Can improvement in working methods legitimize a structure that is not legitimate? To say that is anachronistic is only an understatement.”
In 2010 during the 65th Anniversary of the United Nations, world leaders had committed themselves to the early reform of the Council. She asked, “When would early be?” Although the membership of the Council was increased from 11 to 15 in 1965 with addition of four elected members, permanent membership continues to be restricted to the original five who wield veto powers. In any expansion of the permanent membership, India, Germany, Brazil, Japan and an African nation would be the top contenders. -

North Texas transportation planners shift away from toll projects
DALLAS (TIP): The Regional Transportation Council on Thursday, November 13, excluded a controversial rural toll road from its long-range plan and dropped efforts to involve the state Transportation Department in financing the divisive Trinity Parkway toll project. Those votes highlight a shift away from the planning entity’s years-long practice of using tolls to finance road construction as state lawmakers repeatedly failed to solve transportation funding shortfalls. The moves also come amid mounting public opposition to toll roads in North Texas, where virtually every major highway project under construction includes tolling.
The region will soon be home to the nation’s largest network of managed toll lanes, which are being added to existing highways to help add capacity and finance renovations or expansions. “It’s been by force of nature, really, from Austin,” said RTC vice chairman Mark Riley, who also is Parker County judge. “We’ve been given a task but no funds.” Texas voters last week agreed by a nearly 4- 1 ratio to give TxDOT about $1.7 billion a year in additional funding, with the caveat that the new money could not be used on toll projects.
That still leaves TxDOT with an estimated $3.3 billion shortfall that the agency says it needs to maintain existing roads and build more to keep up with expected population growth. RTC member Jungus Jordan called the election results a mandate. “If the Legislature didn’t get a message out of that, I don’t know what it will take,” he said. Lawmakers have already begun filing bills aimed at further shoring up TxDOT’s funding gap during the legislative session that begins in January. House Speaker Joe Straus, R-San Antonio, said he expects transportation funding to be a top issue in the upcoming session.
Northeast Gateway
The North Central Texas Council of Government’s transportation department, which executes the RTC’s policies, originally recommended putting the divisive Northeast Gateway toll road into a long-range transportation plan. NCTCOG staffers rescinded that recommendation amid massive opposition to the project and criticism over how the agency managed public information about it. The road was planned to run from Garland to Greenville. Residents criticized NCTCOG for basing its support for the road on traffic estimates that far outpaced population growth projections. The project remains an “area of study” in the plan, but the chairman of the private company developing it said he’s not likely to move forward. Texas Turnpike Corp.
chairman John Crew said he’s already spent $5 million developing the project. He said he has other deals to try to move forward with. “Until you can get the leadership to say we really do need this, it’s not worth using my capital to fight the politics,” he said in an interview last month. The portion of the project that remains a subject to be studied does not include a potential leg that could have run from Garland into Dallas. That phase of the project was identified as a potential extension in an oversight agreement between Texas Turnpike and TxDOT. A Texas Turnpike spokeswoman said that extension was added to the agreement at the behest of NCTCOG officials. NCTCOG spokeswoman Amanda Wilson said the extension would have replaced State Highway 78 through Garland and would not have been tolled. “So, the [agreement] shows it as an extension of the toll road, but if this project would have moved forward, the concept would have been a nontolled arterial to facilitate moving traffic off the toll road in the direction of LBJ,” she said.
Too cozy?
Northeast opponents also accused NCTCOG officials of working too closely with the private company and sometimes on its behalf. Many of those complaints centered on emails between NCTCOG senior program manager Tom Shelton and Texas Turnpike executives. NCTCOG transportation director Michael Morris announced Thursday that Shelton is leaving the agency to take a job in the private sector. Morris defended the agency’s traffic estimates and dealings with Texas Turnpike during the Northeast Gateway development. He said Shelton’s departure was unrelated to the project. “Tom did exactly what I asked him to do,” Morris said.RTC members and NCTCOG staffers praised Shelton’s work for the agency and applauded his tenure.
Trinity Parkway
NCTCOG staffers had also recommended lobbying state lawmakers to give TxDOT the authority to find a private developer to help finance the Trinity Parkway tollway. They backed away from that proposal after Texas Transportation Commission member Victor Vandergriff said he didn’t want the agency involved in the controversial project. Dallas and North Texas Tollway Authority have an agreement to build that road, which would mostly run inside the Trinity River’s levees.
But more than $1 billion in funding needed for the $1.5 billion project has yet to be identified. Traffic estimates used to justify that road have also been criticized. But many Trinity opponents also say that the project will further subsidize suburban sprawl to the detriment of Dallas’ downtown core. And they say it is incompatible with planned lakes, parks and recreational areas the city plans to put along the road and the Trinity River. Nonprofit Trinity Commons Foundation is raising money for a design summit aimed at alleviating those concerns. The group wants to have urban planners make tweaks and additions to plans so the road has more landscaping and inviting features.
Dallas Mayor Mike Rawlings, a toll road supporter, said Thursday that he will present ideas about better designing the road at a breakfast next week. “This project is critical to the future of our city, and how the design is finalized is one of the most important things we can do,” he said. “I believe this project should be studied and reviewed by recognized experts using the best urban design principles that exist as we move to our next phase.” -

Texas sets a new wind power record in November
DALLAS (TIP): Wind power set a new record in Texas in November with 10,301 megawatts of power generated, according to the Electric Reliability Council of Texas. Wind turbines set the record at 10:39 a.m. Nov. 2, providing 33.4 percent of the power within ERCOT, which covers 85 percent of Texas. The state of Texas currently has 11,500 MW of installed wind power so the grid used nearly 90 percent of the power available when it set the record. The previous record was 10,296 MW set on March 26. Wind power produced 23.9 million MWh so far in 2014, or 9 percent of the power in the state. Texas has by far the most wind power of any state and produces more wind power than many countries. Still, wind power has faced criticism from politicians in Austin who say it relies too much on subsidies and should stand on its own. Supporters say all types of energy, including coal, oil and natural gas, receive their share of incentives and tax breaks. One Dallas company has a unique take on building community wind farms in West Texas and the Panhandle
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Texas Leads Best States For Future Job Growth
DALLAS (TIP): Rick Perry ascended from Lieutenant Governor to Governor of Texas in December 2000 when thengovernor George Bush resigned after being elected the 43rd President of the United States. Perry will retire in January with the tenth longest gubernatorial tenure in U.S. history. Perry made job creation one of his principle mantras, and he has overseen remarkable employment gains under his watch with 2.1 million jobs added during his tenure.
The total represents 30% of the jobs added in the U.S. since 2000 and more than twice as many as any other state. The so-called “Texas miracle” does not show any signs of slowing either with 413,000 jobs added over the last 12 months. Texas is expected to have the nation’s fastest annual job growth rate at 2.7% over the next five years, according to data from Moody’s Analytics. Texas has low taxes and light regulation, but Perry’s record also has benefited from the headwinds at his back regarding energy. Oil prices hovered around $30 a barrel between 1986 and 2002 before a stunning climb that peaked at $145 in 2008. Prices plummeted during the Great Recession and over the past month, but oil is still trading around $80 a barrel. The higher prices have propelled massive investments in Texas both financially and in regards to human capital. “Texas has done well primarily because it is an energy center.
You really can’t get around that,” says Edward Friedman, an economist who tracks Texas for Moody’s Analytics. “Every major energy and oil company has realized over the last 15 years that the only place to be is Houston.” Texas’ prosperity and pro-business environment have led companies outside of the energy sector to flock to the state in recent years. Toyota announced plans to move its North American headquarters from California to a new campus in Plano that will create 4,000 jobs. The Texas Enterprise Fund granted Toyota $40 million to sweeten the pot.
San Francisco brokerage firm Charles Schwab is moving hundreds of jobs out of California with Austin and El Paso targeted for company expansion. Apple is undergoing an expansion that will roughly double its Austin workforce by hiring 3,600 new employees. Texas ranks first for both its current economic climate and growth prospects in our annual study on the Best States for Business. There are 118 of the largest companies in the U.S. based in Texas, including heavyweights like AT&T ,Exxon Mobil and Dell . -

New York Emmy Nominated Filmmaker Tirlok Malik’s New Film ‘On Golden Years’ Premiered in New York
NEW YORK (TIP): New York Premiere of Tirlok Malik’s new film On Golden Years was hosted by Indian American Forum, SVA Theater (School of Visual Arts), the filmmaker Tirlok Malik and the team of On Golden Years. Most of the 500 audiences who were at the event had witnessed the journey of Tirlok Malik as a filmmaker: from Lonely in America to On Golden Years. Malik’s films deal with the issues and conflicts, which come with the migration.

L to R: Actress Jyoti Singh, Actress Kamlesh Gupta, Filmmaker Tirlok Malik, Filmmaker Mira Nair, Indu Jaiswal
At the event, Manhattan Borough President Ms. Gale A. Brewer presented a proclamation to the filmmaker Tirlok Malik for his work in films proclaiming Saturday November 1, 2014 “Tirlok Malik Appreciation Day”. Tirlok Malik acknowledged some of his friends who have played important part in his journey as a filmmaker, which included his brother Chander Malik and his friend Ashok Wahi. H.R. Shah CEO of TV Asia spoke very highly of Tirlok Malik and his continued efforts to make movies about NRI’s. Many prominent guests attended the premiere.

Cast and Crew of On Golden Years, on set.
Mira Nair the Film-maker congratulated Tirlok Malik on his new film. Dr. Palitha T.B. Kohona , Sri Lanka’s Ambassador to UN also expressed his appreciation for Tirlok Malik’s film. Deputy Consul General of India, Dr Manoj, Kumar Mohapatra congratulated Tirlok Malik and the host committee. Indra Nooyi, the chairperson of Pepsico, sent a message with best wishes to Tirlok Malik for the premiere of his film On Golden Years. The Chair of the Film Division of the School of Visual Arts (SVA) Mr. Reeves Lehmann spoke about the school and the film. SVA is one of the most prestigious film schools in America and a great supporter of Tirlok Malik’s work.
The film On Golden Years portrays the complex emotions, which come at the time of retirement for immigrants. Through various characters, who are residents of an Indian retirement community, the film deals with the conflicts such as India vs. America, contentment vs. regrets and places to retire etc. This is the story about the retirement of the American Dream. The film stars RANJIT CHOWDHRY who was also the lead of Lonely In America, JYOTI SINGH, REEVES LEHMANN, SHETAL SHAH, NOOR NAGHMI, TIRLOK MALIK, SHRUTI TEWARI, FAROKH DARUWALA, INDU GAJWANI, PROF. INDRAJIT S. SALUJA, LOVLLIEN KAURR, SANDEEP SURI, IGGY IGNATIUS, KAMLESH GUPTA and many more. There are some new talents making their debut in the film.

Cast of On Golden Years with friends
The film On Golden Years is written and directed by Tirlok Malik. The film is co produced by Iggy Ignatius who is also the codirector of the film. The film has been shot at the only Indian retirement community Shantiniketan in Florida. Other credits of the film are Director of Photography Christo Bakalov B.A.C., Music by Peter Lobo, Art Direction by Sunita Babber, Editing by Tom Knight and others. Singer Falu makes her film debut doing the item number song ‘Raba Raba’ in the film On Golden Years. Falu has sung at Carnegie Hall and has sung twice in the White House in the presence of President Obama and Oprah Winfrey along with the composer of Slumdog Millionaire A.R. Rahman.
The opening song of the film ‘Gayatri Mantra’ is sung by Sumitra Iyer who is an award winning Bollywood singer and who now lives in America. She has performed all over the world with top names of Indian music industry such as Anu Malik, Sonu Nigam, Shankar Ehsaan Loy and Hariharan. The film On Golden Years is in English language and is made for NRIs and an international audience. It is a romantic emotional comedy. Its length is 85 minutes.






