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Monday, June 25, 2012

China's Space Age Grows Up As U.S. Space Race Winds Down

The Russians started the space race back in the 1950s.

This picture taken on June 12, 2012 shows Chinese People's Liberation Army (PLA) Air Force fighter pilot Liu Yang (L) together with her two male colleagues, Jing Haipeng (C) and Liu Wang (R), in their spacesuits as they pose for an official photo at the Jiuquan space base, north China's Gansu province. China said on June 15, 2012 that a female astronaut will be among the three-person team on board the Shenzhou-9 spacecraft, and will take off at 6.37 pm (1037 GMT) on June 16 from the Jiuquan space base in the Gobi desert for the country's fourth manned space launch, with Liu Yang, 33, and two male astronauts on board. (Image credit: AFP/Getty Images via @daylife)

Find out all about the crew of Shenzhou 9, including China's first female astronaut, in this SPACE.com infographic.
Source SPACE.com: All about our solar system, outer space and exploration

The U.S. perfect it with putting a man on the moon, then with a series of modern high tech space shuttle missions and Mars ROVERS.  But now, the final frontier captains are more likely to be Russians, with their hopes for a human Mars landing someday, or Chinese, with a new China space station due within the next 8 years.

While the U.S. has basically scrapped its space mission, slashing the budget of NASA and now too close to a fiscal cliff to invest in fly-by-night government funded manned space operations, China is on the move.

The country’s Shenzhou IX spacecraft, carrying two male astronauts and one female astronaut into space this week, completed its first-ever manual docking with the Tiangong I space lab on Sunday.  The manual docking of two ships whipping through space ultimately demonstrates China’s grasp of essential space rendezvous and docking know-how. Manual docking requires astronauts to have a precise judgement on the relative distance between Shenzhou IX and the Tiangong-1 module, a challenge to their capability of coordination, accuracy and psychological stability. The astronauts have done more than 1,500 docking simulations on the ground to ensure a successful manual docking.

Their successful completion of the docking mission at 12:47 pm local time on Sunday means China is fully capable of transferring humans and cargo to an orbiter in space much like the Americans, only the Americans have abandoned further work in this area beyond the current International Space Station expedition which ends next month. That current mission is actually being commanded by Oleg Dmitrievich Komonenko, a Russian national born in Turkmenistan.  He’s one of three Russians on the Russian Proton vesssel, with two Americans and one astronaut from The Netherlands.

China’s three astronauts boarded Tiangong through Shenzhou IX where they will continued conducting various scientific experiments on the space lab before heading returning.

By Kenneth Rapoza, Forbes Contributor
Covering Brazil, Russia, India & China.

See: Will China Blast Past America In Space? — National Public Radio’s “Talk of the Nation”

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China achieves double record-breaker: Sky-high and abyss-deep sea!

Jun 24, 2012

Sunday, June 24, 2012

China achieves double record-breaker: Sky-high and abyss-deep sea!

Chinese Astronauts Manually Dock Spacecraft at Orbiting Module in National First
This still from a CNTV bradcast shows the view from a camera aboard China's Shenzhou 9 space capsule shows the spacecraft just after it was manually docked to the Tiangong 1 space lab by astronaut Liu Wang on June 24, 2012.
CREDIT: CNTV/CCTV

Three Chinese astronauts manually docked their space capsule at an orbiting module Sunday (June 24), a major first for China's space program and the country's plans to build a large space station.

The astronauts docked their Shenzhou 9 spacecraft with the unmanned Tiangong 1 module 213 miles (343 kilometers) above Earth. It was the second orbital linkup in a week for the two spacecraft, which performed China's first automated space docking June 18.

Shenzhou 9's astronauts Liu Wang, Jing Haipeng and Liu Yang — who is China's first female astronaut — are the fourth Chinese crew to fly in space. The astronauts launched into orbit on June 16, atop a Long March 2F rocket from the Jiuquan Satellite Launch Center in China's northern Gansu province.

Tiangong 1 has been in orbit since September 2011, and was part of China's first robotic docking with the unmanned Shenzhou 8 capsule in November. The Shenzhou 9 crew made their first docking with Tiangong 1 June 18, marking the first time a manned Chinese spacecraft has docked with another vehicle in orbit. [Shenzhou 9: China's 1st Manned Space Docking (Pictures)]

Shenhzhou 9 astronauts celebrate manual docking with Tiangong 1 space lab.
The three astronauts aboard China's Shenzhou 9 spacecraft grasp hands to celebrate their successful manned docking with the Tiangong 1 orbiting module on June 24, 2012. At center is astronaut Liu Wang, who piloted the successful docking. Mission commander Jing Haipeng is at left with astronaut Liu Yang, China's first female astronaut, at right.
CREDIT: China Manned Space Engineering


Watch Live click here:
http://english.cntv.cn/special/shenzhou9/live/manualdock/index.shtml
Full video: Shenzhou-9 manually docks with Tiangong-1 CCTV News - CNTV English.

Earlier today, the astronauts undocked the two spacecraft and flew Shenzhou 9 about 1,300 feet (400 meters) away. They then maneuvered their capsule by hand, with Liu Wang at the helm, back into docking configuration with Tiangong 1 at 12:48 p.m. China Standard Time, or 12:48 a.m. EDT (0448 GMT).

"The success of the manual rendezvous and docking mission represents another important phase achievement of the Shenzhou 9 and Tiangong 1 rendezvous and docking mission," Wu Ping, spokeswoman of the China Manned Space Program, said during a press briefing following the docking. "The three astronauts will once again enter the orbiting module of Tiangong 1 to carry out scientific experiments."

The mission's docking maneuvers are a milestone in the development of China's manned space program, which flew its first astronaut in space in 2003. Tiangong 1 (which means "Heavenly Palace" in Chinese) is a prototype for China's first manned space station, which officials say will be functional by 2020.

China is the third country after Russia and the United States to fly astronauts into space.





After today's docking, the Shenzhou 9 astronauts (known as taikonauts) received a message from a group of Chinese oceanauts who are setting records not above the ground but below it.

"We wish for a great success of the manual docking and brilliant achievements in China's manned space and manned deep-sea dive causes," read a message sent by three crewmembers aboard the Chinese submersible Jiaolong, 7,015 meters (23,000 feet) beneath the Pacific Ocean in the Mariana Trench, the deepest spot on Earth, state-run newspaper Xinhua reported.

The oceanaut crew set a new deep-diving record for China on June 22.

Shenzhou 9 and Tiangong 1 are due to stay connected for four more days, with the crew departing June 28 and landing back on Earth June 29.

By Clara Moskowitz, SPACE.com Assistant Managing Editor

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Date: 24 June 2012 Time: 08:08 AM ET
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China marks first manned space docking


China achieved another milestone in its space program as the Shenzhou-9 spacecraft successfully completed its second docking with the Tiangong-1 space lab module by hand. This was China’s first ever manned manual space docking.

Ten meters, five meters, three.

It was a moment astronaut Liu Wang had practiced for, more than 1.500 times. And he knew he could do it.

Photo taken on June 24, 2012 shows the screen at the Beijing Aerospace Control Center showing Shenzhou-9 manned spacecraft parting from the orbiting Tiangong-1 space lab to prepare for the country's first manual space docking. The spacecraft and the space lab were joined together by an automated docking on June 18. (Xinhua/Zha Chunming)

Liu said, "I’m 100% sure of a successfully operation. Because I can’t fail."

Dubbed the "space needle threading" mission, the astronauts had to carefully adjust the craft’s trajectory with very little margin for error.

It all culminated in the historic moment.

Shenzhou-9’s docking ring makes contact with the Tiangong-1 and a tight seal is formed as the connection between the craft is secured.

It was even more accurate than the first automated docking of Shenzhou-9 and Tiangong-1.
The State Council Information office then announced the success of the mission.

Wu Ping, spokeswoman for State Council Information Office said, "I can announce that the first Chinese manned docking of the Shenzhou-9 spacecraft and the Tiangong-1 space lab module has been successfully completed."

A big success, but it’s not over yet.

After the docking, the astronauts entered Tiangong-1 for another four days of experiments.

Following this, they’ll return to Shenzhou-9’s re-entry module, to prepare for the journey back to earth.

Related stories

China's Jiaolong sets new deep sea dive record

Good news came as the crew of the Jiaolong submersible surpassed the country’s dive record by going deeper than 7,000 meters after a successful test dive in the Pacific Ocean on Sunday morning.
A record breaking moment.

Jiaolong, China’s manned submersible successfully completed a dive of 7,015 meters below sea level at around 11 am local time, 8:55 am Beijing time. It’s the craft’s fourth dive into the Mariana Trench.

China's manned submersible Jiaolong is put into water to make the fourth dive into the sea at the Mariana Trench on June 24, 2012. Chinese scientists refreshed the country's dive record in a manned submersible by going to 7,000 meters beneath the sea after a successful test dive in the Pacific Ocean Sunday morning. The Jiaolong, China's manned submersible named after a mythical sea dragon, succeeded in diving 7,015 meters below sea level at 11 a.m. local time during its fourth dive into the Mariana Trench. Three oceanauts conducted the dive, which started at 7 a.m. local time in heavy rain. (Xinhua/Luo Sha)

The submersible then went on to finally reach a maximum depth of 7,020 meters below sea level.

The three oceanauts sent greetings from the bottom of the deep blue sea to the three astronauts in outer space, who were about to carry out their manual docking of Shenzhou-9 with the orbiting Tiangong-1 lab module.

"We wish the Shenzhou-9 crew success with the manual docking and great achievements for China’s manned space and deep-sea dive missions."

Various samples and video footage have been taken during the deep sea mission to benefit future scientific research.

Jiaolong returned safely on Sunday afternoon.

Related stories

 China submersible breaks 7,000-metre mark

by Bill Savadove
Enlarge

This file photo, taken in 2011, shows the Chinese submersible 'Jiaolong.' The submersible broke through the 7,000-metre mark in an ocean dive on Sunday, state media said, setting a new national record for China.

A manned Chinese submersible broke through the 7,000-metre mark for a new national record on Sunday, state media said, as the rising Asian nation showed off its technological might.

The "Jiaolong" craft dived 7,015 metres (23,015 feet) in the in the western Pacific Ocean on its fourth dive since arriving in the area earlier this month, the official Xinhua news agency said.

The dive came on the same day as was attempting its first manual space docking, a complex manoeuvre that will bring the country a step closer to building a space station.

"This (dive) shows the performance of the submersible is stable," mission chief commander Liu Feng told state television in a live broadcast from aboard the ship supporting the submersible.

"The level of our technical personnel is getting better and better."

The Jiaolong -- named after a dragon from Chinese mythology -- carried three people into the Mariana Trench, the deepest place in the world.

Applause broke out as a depth gauge aboard the supporting ship Xiangyanghong registered more than 7,000 metres, state television showed.

The same submersible reached 5,188 metres in a Pacific dive in July last year. And in a series of three previous dives since June 15, the craft has gone deeper each time. Experts say 7,000 metres is the limit of its design.

Experts say China intends to use the submersible for scientific research, such as collecting samples of undersea life and studying geological structures, as well as future development of mineral resources.

On its third dive on Friday, the crew collected samples of water and sediment and took photos of sea life, Xinhua said.

Scientists say the ocean floors contain rich deposits of potentially valuable minerals, but the extreme depths pose technical difficulties in harvesting them on a large scale.

And the stability and durability of the craft presents further problems for future operations.

The recent round of dives have seen some minor technical glitches, such as the breakdown of communications equipment and problems with the adjustable ballast system, state media has reported.

The 7,000 metre dive was previously scheduled for Monday, state media had reported. The reasons for the change of date were unclear but mean the record-setting comes the same day as China's landmark space manoeuvre.

(c) 2012 AFP

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China manned space docking successful! Watch live now 
China sets new record submersible deepest seas dive 

China lawmakers slam Vietnam violates South China Sea code of conduct

Correct erroneous maritime law, Vietnam urged

The National People's Congress (NPC), China's top legislature, on Friday urged Vietnam to correct an erroneous maritime law it passed on Thursday.


Hanoi's disputes with Beijing in the South China Sea have given rise to frictions, and analysts said the passed law may internationalize the issue and bring a heavy blow to bilateral relations.

The Foreign Affairs Committee of the NPC expressed its position concerning the recent passing of the Vietnamese Law of the Sea in a letter to the Committee on Foreign Affairs of the Vietnamese National Assembly.

The Vietnamese National Assembly passed the Vietnamese Law of the Sea to include China's Xisha Islands and Nansha Islands in the South China Sea within Vietnam's sovereignty and jurisdiction.

The NPC expressed its firm opposition to the move and urged the Vietnamese National Assembly "to correct the erroneous practice immediately."

"The move by the Vietnamese National Assembly is a serious violation of China's territorial sovereignty and is illegal and invalid.

It violates the consensus reached by both leaders, as well as the principles of the Declaration on the Conduct of Parties in the South China Sea," the NPC Foreign Affairs Committee said in the letter.

"The NPC Foreign Affairs Committee hopes the Vietnamese National Assembly to honestly respect China's territorial sovereignty and correct the wrongful practice so as to safeguard the China-Vietnam comprehensive strategic cooperative partnership as well as the friendly relations between China's NPC and the Vietnamese National Assembly," the letter said.

The NPC also reaffirmed in the letter that China has indisputable sovereignty over the Xisha islands, Nansha Islands and their adjacent waters.
- Xinhua/Asia News Network

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Administrative level status of islands raised

International Recognition Of China's Sovereignty over the Nansha ...

Who owns the South China Sea islets in the eyes of the world?


Assets grow fast and furious!

East Asia’s wealth continues to spurt, with the hope that it will not also sputter.

BEHIND the faceless economic data of countries and regions is the wealth of individual people. But how does this relate to global conditions, and vice-versa?

One answer comes by way of the High Net Worth Individual (HNWI), as defined jointly by the French consulting firm Capgemini and the Royal Bank of Canada (RBC).

Where net worth is generally taken as total assets minus total debts, the HNWI as conceived by Capgemini, RBC and Merrill Lynch is a person with at least US$1mil (RM3.2mil) in disposable funds to invest.

In their calculation, growth of East Asia’s personal wealth last year bypassed North America’s for the first time. In their latest World Wealth Report 2011 released just four days ago, the number of HNWIs in the “Asia-Pacific” region grew 1.6% to 3.37 million.

Widening gap: China continues to develop rapidly, chalking up multiple achievements such as lifting nearly a billion people out of poverty within one generation. Yet some 100 million people in China still live in poverty. — EPA

However, the Asia-Pacific mega-region often presents a problem of definition, and does so clearly in this case. Australia is included but not New Zealand, nor is any country in North America which also lies in the “Pacific” portion of the Asia-Pacific.

India is also included even when it is not a Pacific nation, but not any other South Asian country which is similarly located and equally (in)eligible. The Philippines is also excluded along with five of the smallest or newest Asean countries.

Such concepts and their comparisons, particularly when defined by specific corporate interests, tend to be notional at best. Nonetheless, one trend is clear: individual and thus regional wealth in East Asia is growing faster than in North America.

But much of this new wealth also has shallower roots. East Asian economies are seeing fast gainers and almost as rapid losers among HNWIs.

Hong Kong and Singapore respectively lost 17.4% and 7.8% in HNWIs. The volatility is typical of rapidly growing regions: easier come, easier go.

Overall, East Asian wealth accumulation for investment is still behind North America’s – US$10.7tril (RM34tril) to US$11.4tril (RM36.4tril). The gap remains, but it is just as obvious that it is narrowing.

Without East Asian volatility, the gap would be narrower still. And if the number of HNWIs were considered on per capita terms, East Asian development would seem even more impressive.

That leaves a large question mark over China, with the world’s largest population at more than 1.3 billion. It has already produced the fastest and most sustained growth anywhere on the planet, with the prospect of much more to come.

China continues to develop rapidly, chalking up multiple achievements such as lifting nearly a billion people out of poverty within one generation. Yet some 100 million people in China still live in poverty, as Prime Minister Wen Jiabao conceded during the week.

In essence, much of China’s economic growth has yet to come. How far it still has to go may be taken as a measure of how much further it can still go.

Owing to its sheer size and the scale on which it operates, China’s progress will determine the fate of both greater China (the mainland, plus Hong Kong, Macao and Taiwan) and much of the world.

That was the broad consensus reached during the week at both the Rio+20 summit in Brazil attended by Wen, and the G20 summit in Mexico attended by President Hu Jintao.

And that is where the sums and the conclusions, whether tentative or premature, become mired in obscurities. But if it is any consolation, the obscurities are also the realities.

When comparisons are made between (East) Asian and North American growth, investment or expenditure, the comparisons are essentially between China and the US.

And in economic growth in particular, much of China’s data is derived from trade with and investment from the US. The most important bilateral relationship in the Asia-Pacific, if not also in the world, is also growing steadily on multiple fronts: economic, but also diplomatic and strategic.

How the world’s two largest economies get along has always been important for the world. That becomes much more so when it encompasses other spheres of their relationship as well.

In Hu’s address in Los Cabos on Tuesday to an audience that included his US counterpart Barack Obama, he developed a model of bilateral relations he introduced at a China-US Strategic and Economic Dialogue last month in Beijing. This consisted largely of two prongs, each with three main points.

The three key principles are for both countries to maintain strategic communication between them at the highest levels, to manage any differences between them without letting anything get out of control, and to keep any prospective interference from any quarter boxed up.

The three broad areas of interest outlined by Hu in his “hopes” are that the US will act positively in opting for a pragmatic rather than an ideological approach to relations, respect China’s legitimate sovereign interests, and stop the narrower concerns of domestic politics from upsetting ties.

These points may be taken to mean China’s preference for a full, direct relationship that avoids hiccups from occasional sentiments in the US over China’s internal political affairs, currency valuation or a lingering US tendency to protectionism.

There were at least three points of immediate agreement at Los Cabos: that both countries should develop the next phase of their relationship meaningfully, that relations were so far going well, and that more should be done to build mutual trust.

This G20 summit is seen as the second meeting between Hu and Obama this year, and the 12th in three years. It is also timed just right for Hu in reminding Obama that bilateral relations should not be subordinated to domestic pressures in a US election year, as Obama begins his campaign for re-election.

These personal exchanges are crucial, despite the passing nature of the presidencies. Hu is due to be succeeded next year, and even if Obama is re-elected, he has only another four years in office.

But formal relations between major powers are made of more durable stuff. There is scant difference between the Democratic and Republican parties on ties with China, and Beijing itself is known for worldviews that endure.

Beyond these, the summits in both Los Cabos and Rio de Janeiro took due notice of the gravity of the eurozone debt crisis.

The eurozone is after all an important leg of the world economic tripod, and its economic prospects are bound to be of concern to other regions.

At both summits, China and the US tried to shore up global confidence in the eurozone by helping to talk up prospects of recovery, or at least avoided consideration of worst-case scenarios.

The next EU summit in the following days should do more to spell out specific measures that member countries can take to that end.

Europe has the greatest responsibility in putting its collective house in order. North American and East Asian economic entities can do no more than assist in the hard decisions that Europeans have to take themselves.

For East Asia and North America at least, how well China and the US work together will determine prospects for all players in both regions. For East Asia in particular, HNWIs and standards of living generally are determined by the peace and prosperity that only close ties between major powers can offer.


Behind The Headlines
By Bunn Nagara

Saturday, June 23, 2012

Don't Want Your Adult Children Back Home? Here's An Alternative.

keith's child support
keith's child support (Photo credit: Sean Durham)
Everybody knows that many families moved in together to help each other out during the Great Recession, but new data from the U.S. Census bureau highlights another approach: handouts to family members to help them make it on their own. Call it allowance for grown-ups. To the tune of $567 a month on average.

About 2.1 million “providers” supported people other than their children under 21 who didn’t live with them in 2010, according to U.S. Census statistics in Support Providers: 2010. While 32% of these folks supported their parents, 34% supported their adult children (21 and older). On average they handed over $6,809 in 2010. That works out to $567 a month–like another car payment. By comparison, 4.8 million parents paid out an average $5,140 in child support to children under 21 in 2010. That works out to $428 a month.

The providers who are helping extended family members had an average family income of $83,250. (Providers who support children under 21 had an average family income of $57,000.) While most (70%) support one additional adult, 22% support 2 people and 8% support 3 or more people.

The statistics come from a national survey about the social and economic well-being of individuals and households. A prior survey in 2005 also showed 2.1 million providers supporting those other than children under 21, at an average of $5,329 or $444 a month. But then only 26%–compared to 34% now– were supporting children 21 and older.

Three-quarters of these adult children being supported live in a private home or apartment (as opposed to another setting like a college campus). Luxury? Maybe compared to the reality of young adults moving back home.

The Census Bureau confirmed the house share trend in another recent report, Sharing A Household: Household Composition and Economic Well-Being: 2007-2010. That report found that shared households increased 11.4% from 2007 to 2010 for a total of 22 million shared households, with individuals aged 25 to 34 making up 45% of the increase in additional adults per household. An additional adult was defined as an adult 18 or older, not enrolled in school, and neither the head of the house, the spouse or a cohabiting partner of the head of the house.

Would you rather move back home or get a handout?

Ashlea Ebeling
By Ashlea Ebeling, Forbes Staff


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The fruit of loving kindness

 Monk turns barren land into thriving orchard at hermitage

IMAGINE a meditation centre right smack in the hills of Balik Pulau, Penang, and surrounded by a sprawling 2ha orchard estimated to be as big as five football fields.

Welcome to the almost surreal world of Santarama Buddhist Hermitage Society, a serene retreat set up by a Buddhist monk and his followers about 16 years ago.

Bhikkhu Nando, fondly known as Praho, is the resident monk of the centre with its adjoining orchard bursting with an assortment of durian, rambutan and other seasonal fruit trees.

Today, the orchard is run by two workers but it was once almost single-handedly managed by Praho.

Through his labour of love, the 60-year-old monk has helped turn what was once a piece of barren land into a bountiful orchard which he shares the fruits with his followers and neighbours.

“It was a piece of botak (barren) land with only a few trees when my followers bought it in 1996 to build a meditation centre.

“As there were no proper access roads into the orchard, I had to walk in carrying tools and soil,” he said in an interview.

Praho said he decided to plant fruit trees for the benefit of the next generation since the land was fertile for growing fruits

It was no easy task though. Due to its sheer size, it took him about five years to plant the trees and ensure they grow healthily.

“But I didn’t feel it was a tough job. It was fate, and I’m satisfied because I knew someday people will benefit from this,” he said matter-of-factly.

In the early days, his daily routine included working on the orchard every morning after sunrise, with the rest of the time spent on meditation and cleaning.

“I also do some reading, especially The Star which is how I get updates on the outside world,” he smiled.

Praho also spoke of several life-threatening moments in his orchard when clearing the undergrowth in the past.

“I came across a cobra or a python a few times. I was stunned for a second but I did not run away to avoid being attacked.

“I prayed in my heart, and each time the snake slowly went away. Thanks to Buddha, I am safe,” he said.

Despite having numerous durian, rambutan, mangosteen, cempedak, papaya, nutmeg and lime trees, he has no intention of selling them.

“I give the fruits to my followers and the people living around here,” he said, adding that the fruits were not meant for commercial purposes.

Praho cited an incident when a man was caught stealing fruits in the orchard.

“He had been doing it a few times but one day I caught him in action and told him it is a great sin to steal from a religious place.

“I said he could get the fruits free if he asked for them. I never saw him again after that,” he laughed, adding the centre was also broken into four times but only a small amount of money was taken.

On why he joined monkhood, Praho said he renounced earthly pleasures to be a Theravada monk in 1982 at the age of 29 after witnessing a series of unhappiness and sufferings.

“I never thought I would end up as a monk one day,” he said.

“I was born to a poor family and had six siblings, and I was ill when I was small.

“Due to an unfortunate incident at school, I became paralysed at the age of 15. I vowed that if I were to recover, I would become a monk for a month. After two years, I recovered,” he added.

He said he then became a wireman and later realised that life was impermanent.

“Life is meaningless if you are rich but living in fear.

“Anything can happen anytime,” he said.

“I couldn’t stand to see the sufferings people have to endure, and decided to become a monk and spread the teachings of Buddha,” he added.

There is a 10m Bodhi tree which was planted when the centre was opened, two halls and 14 huts (kutty) for meditation.

Local and foreign monks would arrive at the centre occasionally for meditation.

The centre is located at 138 Mukim 5, Balik Pulau, Penang. It is accessible through a small road, beside the Penang Municipal Council-cum-Social Welfare Department building, next to the market-hawker complex.

By OH CHIN ENG chineng@thestar.com.my  

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Friday, June 22, 2012

Lawyer fleeced millions from victims in property scam

Lawyer on the run

 KUALA LUMPUR : A 44-year-old lawyer is said to be on the run with millions of ringgit from a get-rich-quick scheme involving properties in the Klang Valley.

The man is alleged to be the mastermind behind a syndicate which had duped more than 500 investors nationwide into parting with between RM25,000 and RM80,000 each under a racket similar to the Ponzi scheme.

Over the short span of about a year that the scheme was active, the syndicate also took ownership of more than 200 properties mainly apartments and flats units worth about RM15 million under the lawyer’s name and several of his proxies.

According to sources, the syndicate had offered a list of properties it owned to investors for low prices on a deal to help them re-sell it at much higher prices.

Upon the victims picking the property of their choice and settling payment in full, the syndicate produced fake sale-and-purchase and ownership documents.

With the dud documents, the victims were given the notion that they were the new owners of the property and were assured of earning rental income from it until it is sold at a profit.

Police learnt that the ownership of the properties never changed hands and went on to remain in the names of the syndicate members.

The “sold” properties were then “resold” several times again to other potential investors who were also given fake ownership documentation.

Last year, several investors who realised they had been fleeced by the syndicate lodged police reports at the Brickfields police station.

An investigation was initiated by the police Commercial Crime Investigation Department (CCID) after elements of fraud and illegal deposit-taking was found in the case.

On getting wind that the authorities were looking for him, the lawyer, his accomplices and proxies fled the country together with their ill-gotten gains.

Earlier this year, the Special Task Force (Operations and Terrorism) Department’s anti-money laundering branch was roped in to assist in the probe.

After months of painstakingly compiling a list of the said properties, the investigation team obtained a court order two weeks ago to seize 79 flats and apartment units out of the 188 police had identified.

Federal special task force director Commissioner Datuk Mohamad Fuzi Harun told theSun that police have sought the help of Interpol to track down the mastermind and his accomplices.

“Most of the victims were retirees and senior citizens from the middle and low-income groups who lost either a large portion or all of their life savings.

“When we checked, several dozens of the ‘houses’ sold by the syndicate did not even exist or were not up for sale at all. The victims did not appear to own any of the properties.

“They were merely given falsified and fake documents. We have identified 188 and seized 79 properties so far but we believe there are more out there which we are trying to trace, he said, adding that Malaysian police have alerted Interpol to be on the lookout for the suspects who have gone into hiding overseas.

Mohamad Fuzi said police believe there are hundreds of people who have been fleeced in the racket and have yet to lodge police reports.
He advised them to come forward to assist police investigations.

The case is being probed as cheating under Section 420 of the Penal Code while the seizure of properties were made under Section 41 of the Anti-Money Laundering and Anti-Terrorism Financing Act (Amla).

Charles Ramendran newsdesk@thesundaily.com 

http://www.malaysianbar.org.my/legal/general_news/lawyer_on_the_run.html

10 Things That Make a Home a Good Home

Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home as a potential buyer — and not as someone who, years down the road, may also have to sell the property. Given that homes are such a big investment, there should be a little inside your head, picking away at your options and decisions.

As the home buying market starts to heat up again, here are ten things you should consider when choosing your next home.

1. Location, location, location

Perhaps nothing is more important than the three L’s, and there’s a reason why it’s said three times.

Location is extremely important when it comes time to sell. You can have the worst house in the world with the ugliest kitchen and bath. But put it on a great block or in a good school district, and your home will be coveted.

Location location location matters on so many different levels. At the highest level is the town where the house is located, then the school district, then the neighborhood and the block — right down to the location of the lot on the block. Keep all of this in mind when shopping. Also remember that while real estate markets rise and fall, no one can take a great location away from you.

2. The school district

 The school district is right up there on the list of what’s most important to many buyers. It’s not uncommon for buyers to start their search based solely on the school district they want to be in. Parents want their kids to go to the best school, which can drive up prices of homes in those districts. Even though you might not have children, buying a home in a good school district is always smart. If the schools are desirable, homes tend to hold their value. As a homeowner, you should always be aware of how the schools are doing, not unlike being aware of your roof’s condition, the neighborhood development or city government.

3. The home’s position on the lot

Where the home sits on the lot in relation to the street or the overgrown oak are key elements in picking out a home. In the case of a condo, an end unit vs. an interior unit is a key consideration. You may have chosen the most beautifully renovated home in the best school district and figure all is good. But if the main living areas are shaded by a neighbor’s extension or the master bedroom looks into the neighbors’ family room, you may have a location problem. Light or privacy may not be a hot button for you, but chances are, they might be concerns for a future buyer.

4. Crime

It’s a good idea to check the latest crime figures for a neighborhood. It can give you a good snapshot about the number and severity of crimes over a time period. So much information is online nowadays that when you find your perfect home, a quick Internet search on the area should provide you with the much-needed information.

Most municipalities post their police blotters or crime statistics online these days. Don’t freak out if you notice more crime than what you’d have expected. Crime, especially petty crime, is everywhere. If you’re new to the area, consult with your real estate agent if you have concerns.

5. Walkability

More than ever, ‘walkability’ is becoming a key factor in the search process. There are entire websites, apps and algorithms that help people figure out how walkable their future home is. As a matter of fact, Zillow even has a Walk Score for most homes. As people get out of their cars and slip into their Keds, they want a home in a walkable neighborhood. People put high value on the ability to walk to a store, school, work or public transportation. The more we move away from cars and the more we see invested in public transportation over the coming decades, the more of a huge value-add walkability will become.

6. The neighborhood’s character

You may have found the absolute most perfect home, on the best block, in the best school district and on a great lot. But there could be circumstances outside your control that may give you pause — specifically, the character of the surrounding neighborhood.

Check out the area late at night, early morning and in the middle of the day. See if there are any odd weather or traffic patterns and try to observe some of the neighbors. You may even go so far as talking to some neighbors. It’s important to walk around, open your eyes and ears and make sure there isn’t anything you’re overlooking. That next-door neighbor practicing drums in the garage at 9 p.m. could be a source of immediate neighbor conflict. Go into it with eyes wide open.

7. Don’t buy the best house on the block

Simply put, avoid buying the best house on the block because there may not be any room for your investment to grow (unless you physically have the house moved to a better neighborhood). It’s better to buy the worst house on the best block, because you can improve the house to add value to an already great location.

8. Is it a fixer-upper?

If you’re buying a fixer-upper, make sure you understand what you’re getting into. Did you set out to buy a home that needed work? Or does the home just happen to be in the most desirable neighborhood, the block of your dreams?

Do your homework upfront. If you want to build an extension or add another story to the property, make sure it is within local zoning or building codes. Have the property inspected so that you know exactly what you’re getting yourself into. Sometimes, what appears to be a simple kitchen needing cosmetic work turns out to be a huge project. Ask yourself repeatedly if your life can support a home renovation. Not only does a renovation take money, it takes time, energy and emotional stress.

9. Will the home hold its value?

A good real estate agent who’s been working the neighborhood for some time can vouch for the long-term value or investment potential of the property. But be sure to find ways to add value, or at least be certain the home will hold its value.

The market may be strong when you purchase, but ask yourself, “Am I in a seller’s market?” “What would happen to this property if the market changed tomorrow”? Check out the median home value in the neighborhood as it compares to neighborhoods around it. The Zillow Home Value Index gives you one, five, and 10-year snapshots of how home values have gone up or down in neighborhoods and cities.

10. Taxes, dues and fees

Many people overlook the monthly fees associated with homeownership. Nearly every property will have taxes, and any sort of planned community or homeowners association (HOA) will have regular assessments.

Be sure that the amount of property tax and assessments are clear from the get-go. If in doubt, go to city hall or do research online. If you’d be buying into a condo complex, be sure to get your hands on the meeting minutes, financials of the HOA and the condo documents. Any mention of changes coming down the pike? Does the HOA seem well funded? It could take one quick $10K assessment to immediately affect property values if you need to turn around and sell your new home. And any uncertainty about the building, its integrity or the financials could scare off buyers when it’s time to sell.

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Brendon DeSimone is a Realtor & HGTV real estate expert. He has collaborated on multiple real estate books and his expert advice is regularly sought out by print, online and television media outlets like FOX News, CNBC and Forbes. An avid investor, Brendon owns real estate around the US and abroad and is licensed to sell in two states. You can find Brendon online or follow him on Twitter.

Zillow Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.