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Wednesday, May 19, 2010

Earth may be too hot for humans by 2200



Climate change could make much of the world too hot for human habitation within just three centuries, research released Tuesday showed.

Scientists from Australia's University of New South Wales and Purdue University in the United States found that rising temperatures in some places could mean humans would be unable to adapt or survive.

"It would begin to occur with global-mean warming of about seven degrees Celsius (13 Fahrenheit), calling the habitability of some regions into question," the researchers said in a paper.

"With 11-12 degrees Celsius warming, such regions would spread to encompass the majority of the human population as currently distributed."

Researcher Professor Steven Sherwood said there was no chance of the earth heating up to seven degrees this century, but there was a serious risk that the continued burning of fossil fuels could create the problem by 2300.

Sherwood said climate change research had been "short-sighted" not to probe the long-term consequences of the impact of greenhouse gases blamed for global warming.

"It needs to be looked at," he told AFP. "There's not much we can do about climate change over the next two decades but there's still a lot we can do about the longer term changes."

In a commentary on the paper, published in the US-based Proceedings of the National Academy of Sciences, Australian National University academics said climate change would not stop in 2100.

"And under realistic scenarios out to 2300, we may be faced with temperature increases of 12 degrees (Celsius) or even more," Professor Tony McMichael said.

"If this happens, our current worries about sea level rise, occasional heatwaves and bushfires, biodiversity loss and agricultural difficulties will pale into insignificance beside a major threat -- as much as half the currently inhabited globe may simply become too hot for people to live there."

Three Multifamily Stories to Watch in 2010

1. THERE WILL BE AN IPO… OR TWO.
2010 could be the year of the IPO. Look at the trends. A number of private apartment owners bought at the wrong time and wrong price and are now carrying debt-laden portfolios. Non-existent job growth is putting even more pressure on those portfolios, especially those with near-term maturities. And in the past year, the public markets have been rewarding REITs. Add it all up, and it makes sense that we’ll see some of the much-awaited IPOs to recapitalize those properties in 2010.

"It's a way to take advantage of the fact that public values are at a premium to private values," says Alexander Goldfarb, associate director of equity research of REITs for New York-based Sandler O'Neill + Partners. "I think we'll start to see the IPOs of some of these privatized REITs, which offer investors existing platforms."

2. MORE DISTRESS WILL HIT THE MARKET. (AND NO, IT WON'T BE A FLOOD.)
The numbers indicate that more of the distressed assets sitting on bank books will trickle out in 2010. For instance, credit rating agency Realpoint just reported that multifamily has become the largest contributor to overall CMBS delinquency. While accounting for 1.23 percent of the CMBS universe, multifamily accounts for 26 percent of total delinquencies. And it could get worse: Realpoint expects delinquent CMBS to grow as much as 31 percent to 58 percent by mid-2010.

The question is, will the banks and special servicers continue to “extend and pretend” with these troubled borrowers or will they begin taking product back and looking for short sales? Even if the extension policies continue, some think that more of these problem assets will make it to market this year. “With a lot more assets on their balance sheet, will they continue to kick the can or will they take them over?” asks Doug Bibby, president of the Washington, D.C.-based National Multi Housing Council.

The answer to that question will, without a doubt, be one of the biggest stories in the apartment industry this year.

. THE INDUSTRY WILL FINALLY HIT THE BOTTOM.
After a horrid first quarter, 2009 saw some recovery in occupancies. The question for 2010 is this: Have we seen the bottom, or will we hit that point sometime in the next 12 months?

Right now, it seems most analysts feel safe projecting 2010 as “the bottom.” In a recent report, Green Street Advisors, a Newport Beach, Calif.-based consulting and research firm, projected that rents should bottom out at where they were a decade ago and then begin improving in the third quarter before gaining “steam” in 2011 through 2015. Even with job growth remaining sluggish for the next couple of years, pent up demand could lead to more household formation, which would be great news for rental owners.

But that doesn’t guarantee that a recovery will also begin in 2010. For one thing, declining home prices could pull renters out of apartments in some cities. What's more, there’s no guarantee against further job losses, which would ultimately hurt rents

Kate Snow to break the ABC become NBC


ABC News anchor Kate Snow has been abandoned for NBC News, where he is correspondent for “NBC dateline” announced on Friday. Since 2004, the snow is co-anchored the weekly publication “Good Morning America, ABC, as the springboard for the transfer of weekdays in the morning edition to appear. But when” GMA set up the equipment end of last year after the departure of Diane Sawyer, reference work was a taboo Change.

“He has the whole package,” dateline “executive producer David Corvo, said snow in a statement.” He can cover breaking news, you can interview, that he can write, and I’m happy that I will do everything they can to “dateline.” Snow joined ABC in 2003 and includes CNN in 2004 and 2008 presidential campaigns in the network.

Ex-model says she is shocked by his almost ten years old bikini photos was noisy near the movie “Couples Retreat.” Irina Krupnik picture of $ 10 billion libel suit on Thursday in New York court against NBC Universal. It was distributed between 2009 Vince Vaughn comedy. Krupnik admitted that he had video recordings in 2001 the rights body, of course, sell it to filmmakers. Case says; use it as a sign of the film image and sexual aid. 30-year-old makeup artist says he’s hurting his reputation. NBC Universal announced that they had the right to use the picture.

Hot Trends in the Business World



Many stores used to operate under the premise of closeout deals or 'going out of business' sales. However, the sad truth of today's economy is that many businesses ARE going out of business and needing to get rid of their inventory and employees. The business world isn't doing anything notable as of late, or at least nothing that is more notable than the number of people who are losing their jobs and finding that they are unable to get another one. It's really tough for many people to deal with, and definitely the main cause of all the stress-related accidents and violent crimes that have been going on for the past year.
It takes a toll on many people in ways that you might not imagine. Some people are so defined by their careers and their positions that they simply fall apart when their job is lost, leaving them with nothing more than a depressed life of despair. Some are much easier able to pick themselves up and get back on the horse, but the economy is running out of horses for people to get back on.
Going out of business used to be uncommon in the world, and only for small stores and businesses that didn't set themselves up right. Now you hear and see stories about big-name companies going out of business, companies like GM filing for chapter 11 bankruptcy, and the banks of the U.S. asking for government money so that they don't fall apart, either. It's all very disheartening, but it can get better, and eventually it will. It's easier said than done, but ultimately you need to try to keep a positive attitude about things as best you can so that you don't become another person with a pessimistic attitude about the economy.
All that people can do is trust that eventually things will get better, and hope that this happens sooner rather than later. People don't need to lose any more jobs, and the U.S. doesn't need to lose anymore businesses. There are so many great companies out there hanging on by a thread, and it's a constant fear for employees not knowing who's going to be next on the chopping block. If you are working for a company that is on the edge, or have already been a victim of the economy, you can trust that in time, things will work out. There are a few jobs out there to be found for those who are looking, but only if they are willing to accept whatever they can get.