Sunday, August 4, 2013

UNICEF Supply Annual Report 2012 : India is the Largest Supplier

UNICEF recently released its Supply Annual Report for 2012. The Report is an yearly assessment of the UNICEF supply programme which provides women and children with an equitable access to life-saving supplies. The?UNICEF Supply Division recently moved its base to Copenhagen, Denmark with a state of the art warehouse to ensure timely reach of life-saving supplies all over the world. Its activities in influencing markets, innovation and supporting supply chain strengthening continued apace during the year, with substantial achievements in terms of reduced prices, reduced supply chain costs and the introduction of new products. Regarding encouraging innovation, the program has several innovation projects in the pipeline. These are mainly aimed at development of low-cost diagnostic devices that make accurate diagnosis under extreme environmental conditions.?

UNICEF procured $1.86 billion worth of supplies globally for children and women during the year. In addition, $608 million worth of services were procured. The major commodities procured were: vaccines, pharmaceuticals, nutrition, medical supplies and equipment, international freight, bed nets, construction, water and sanitation, education, printed educational supplies. Vaccines accounted for $1053 million, and pharmaceuticals trailed at $226 million.

India was the largest supplier country in 2012, with ?$558 million worth of services and supplies. Belgium came in second, contributing less than half of India's supplies with a figure of $349 million. Serum Institute of India Ltd supplied vaccines/biologicals worth $254 million dollars, making it the largest supplier in India. Mylan Laboratries (pharma company) is at?a distant second spot, with supplies worth $ 45 million. Other significant suppliers are Ranbaxy Labs, Hetero Labs, Aurobindo Pharma, Haffkine Bio-Pharmaceutical Corporation, Biological E and Micro Labs Pharma. UNICEF makes great efforts to buy supplies where they are used. Almost two-thirds of the top 33 supplier countries are countries where UNICEF has development programmes.

Close to two-thirds of the UNICEF supplies delivered went to Sub-Saharan Africa. 24% of the supplies went to Southern and Eastern Asia, and the Pacific. India absorbed commodities worth $23 million and procured services worth $52 million. India's neighbours Pakistan and Bangladesh used supplies worth $231?million and $64 million respectively.?


India has consistently been the largest supplier since 2007. UNICEF has recognised India's contribution to glocal aid, and international groups have lauded India's role in increasing access to medicines in the developing world. In fact, India is not only the largest supplier to UN groups, but also to the M?decins Sans Frontieres (MSF) and International Dispensary Association. Indian medicines are also extremely affordable. Anti RetroViral (ARV) treatment in Europe was $10,000 per patient a year, until Indian manufactured drugs brought it down to $95 patient a year. India happens to be the largest supplier of generic ARVs to low and middle income countries. Paul Cawthome (MSF Access Campaign Coordinator-Asia)?highlighted the the worldwide dependency on India as a drug supplier best, when he said : 'It comes as a great relief to millions around the world who depend on a continuous supply of Indian generic medicines that the Indian Supreme Court has ruled against Novartis.' In another instance, when Big pharma threatened legal action against the South African government in the latter's efforts to bring down prices for HIV-AIDS treatment, Indian pharma major Cipla stepped in and offered to supply drugs at just $350 per patient per year. This exposed inflated rates of medicines in the global market, and the case against SA government was withdrawn.?

These scenarios demonstrate India's inclination to increase global accessibility to medicines. Hopefully the efforts will also be emulated by other nations in the wake of rising healthcare costs, especially in the developed countries.

Source: http://spicyipindia.blogspot.com/2013/08/unicef-supply-annual-report-2012-india.html

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Judge denies class action for Wal-Mart bias suit (Providence Journal)

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Hollywood mogul Weinstein's mansion on sale at $32 million

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19 hours ago

"Milestone Award" honoree producer Bob Weinstein arrives at the Producers Guild of America Awards in Beverly Hills, California January 26, 2013. REUTE...

© GUS RUELAS / Reuters / REUTERS

"Milestone Award" honoree producer Bob Weinstein arrives at the Producers Guild of America Awards in Beverly Hills, California January 26, 2013. Weinstein's mansion in Connecticut is for sale at $32 million.

Hollywood producer Bob Weinstein's 12,000-square foot mansion on Connecticut's Gold Coast near Greenwich has been put up for sale, with an asking price of $32 million.

The Greenwich Time newspaper reports that the recently renovated six-bedroom home is owned by Weinstein, and sits on 3 acres, including 440 feet of shoreline overlooking Long Island Sound.

The home comes with its own beach, stone pier and deep-water mooring.

The 58-year-old Weinstein is known for producing hit movies including "Pulp Fiction," "Shakespeare in Love," "Scary Movie" and "The King's Speech."

His brother, fellow film producer Harvey Weinstein, lives in nearby Westport.

Bob Weinstein's mansion is on the market.

Coldwell Banker

Bob Weinstein's mansion is on the market.

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Understanding Bridging Loan And Its Priority - iccwest

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Useful Links For Authors Author Guidelines Article Writing Tips Why Submit Articles HomeFinance ArticlesLoans ArticlesUnderstanding bridging loan And Its PriorityUnderstanding bridging loan And Its Priority By James W on March 19, 2012

Bridging Finance is referred as bridge loans. And it has nothing to do with the construction work of any bridge. It is simply a way to minimize the economical problem between two transactions. Generally these are short term loan and carries high interest rate. These are easily available and neither these requires any credit record. Off-course there are some preliminary conditions like you need to be of 18 years age, should have a regular source of income and something worthy that can be kept as security.
These loans are used to supply cash mainly for sectors like real estate. The borrower can seek help from the lenders until the permanent financing is not arranged. Hope the word bridge is now clear, it is just to overcome temporary obstacle.

Uses of Bridging Finance
A distinctive use for a bridge loan comes when there is a gap of sale and purchase between two real estate properties. For example, consider a company who want to shift to new office building before closing the old one, from where the money will come. The company will proceed towards the financer who will provide them the bridging loan. The money of the loan will be paid when the old office is sold. This mode of financial help allows having two properties at a time.
Bridging Finance always requires that you vow collateral as security. This is done against the financial help you get from the lender and somewhat it is important too because lenders need a sense of security for the money he is spending. However, if you have outstanding business good record of personal credit, wonderful relationship with the lender, you will be able to get the cash with just a signature.

The need of bridging finance often arises suddenly and that too without warning, it is always suggested that one should have good relationship with the lender. This will help you get pre approved loans. The time span of these loans lies between 14 days to 2 years depending upon the amount of the money. The terms of the bridge loan can be negotiated too.

Interest Rate Applicable for Bridging Loans
Bridging loans lasts for a short period of time (as compared to other loans). This is the reason why these loans have higher interest rate. Higher rates are the only source of profit for the lenders. Secondly shorter the period of loans more is the interest rate; generally it varies from .05%. There are mainly four factors which decide the loan and its interest rate in general.

• Length of the loan (Time Period)
• The risk involved in the loan,
• Your credit history
• The liquidity and collateral for the amount
Tips to get Best Bet

You are looking for the bridging loan at best possible rates. The only way to crack the answer is to search for the financing company who can offer you the sum at most affordable rates. Search on the internet fill the online form and ask for the quote. Choose the one which suits your need.

Hi, My name is James Watson. I am a financial adviser at BestBridgingLoans. For more
advice on bridging loan, bridging finance please visit
www.bestbridgingloans.com

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1 dead, 11 hurt as car turns LA seaside into chaos

In this image take from a security camera, pedestrians scatter as a car drives through a packed afternoon crowd along the Venice Beach boardwalk in Los Angeles, Saturday, Aug. 3, 2013. At least a dozen people were injured, two of them critically, according to police. (AP Photo/Snapchat)

In this image take from a security camera, pedestrians scatter as a car drives through a packed afternoon crowd along the Venice Beach boardwalk in Los Angeles, Saturday, Aug. 3, 2013. At least a dozen people were injured, two of them critically, according to police. (AP Photo/Snapchat)

In this image take from a security camera, pedestrians scatter as a car drives through a packed afternoon crowd along the Venice Beach boardwalk in Los Angeles, Saturday, Aug. 3, 2013. At least a dozen people were injured, two of them critically, according to police. (AP Photo/Snapchat)

Pedestrians gather as police and fire officials respond after a car drove through a packed afternoon crowd along the Venice Beach boardwalk in Los Angeles, Saturday, Aug. 3, 2013. At least a dozen people were injured, two of them critically, according to police. (AP Photo/Maarten Smitskamp)

An unidentified man looks at a car that came to rest against the entrance of a public restroom after being driven through a packed afternoon crowd along the Venice Beach boardwalk in Los Angeles, Saturday, Aug. 3, 2013. At least a dozen people were injured, two of them critically, according to police. (AP Photo/Maarten Smitskamp)

(AP) ? A rapidly accelerating car driven by a young man screeched across a sidewalk and straight into a crowd enjoying one of Southern California's most popular boardwalks, killing one person, injuring 11 and leaving the promenade in chaos as he sped out of sight.

The victim died at a hospital a few hours after the Saturday evening crash at the Venice Beach boardwalk, Los Angeles police Lt. Andy Neiman said.

Security video shows the man parking his black car alongside the seaside boardwalk as the sun sank, surveying the idyllic scene for several minutes before getting back into the car and speeding into the crowd. It shows hundreds of people walking lazily or sitting at cafes before the black car suddenly appears and sends them scrambling wildly.

Witnesses reported a horrifying aftermath.

"There was people kind of stumbling around, blood dripping down their legs looking confused not knowing what had happened, people screaming," said 35-year-old Louisa Hodge, who was out enjoying the day on the Venice Beach boardwalk with a friend visiting from San Diego. "It was blocks and blocks of people just strewn across the sidewalk."

Firefighters combed the chaotic crowd, finding 12 people wounded and taking 10 of them to the hospital where one later died, fire and police officials said.

Another victim was in critical condition, two more were in serious condition, and the remaining eight had minor injuries, city fire spokesman Brian Humphrey said.

The driver fled the scene and about an hour later, just as police were circulating word that they were seeking a black Dodge with a driver in his 20s, a man walked into a police station in neighboring Santa Monica, told officers he was involved in the boardwalk incident, Neiman said.

Police then found a car nearby that they believe belonged to the man, Neiman said.

Hours later detectives were questioning the man, calling him a person of interest and attempting to determine whether he was the driver, Neiman said.

Neiman would give no details on the identity of the person who died or the person of interest.

According to the security video and witness accounts, the man with a baseball cap, gray shirt and white pants parked next to the Cadillac Hotel, twice walking out to the boardwalk before getting into the Dodge Avenger and accelerating, swerving around yellow poles meant to prevent cars from getting into the pedestrian-only area and onto the boardwalk.

"I heard a big 'boom, boom,' like the sound of someone going up and down the curb, it was super loud," said Alex Hagan, 22, who was working the desk at the Cadillac Hotel and watched the scene unfold from the start.

The man knocked over two mannequins then started hitting people, swerving from side to side and often running straight into them.

The crowd of hundreds of couples, families and children who had been sitting at cafes, shopping and walking lazily along in shorts and sandals were sent on a mad scramble to get themselves and others out of the way and to rush to help those who were hit.

The car hit at least three vendors who were sitting at their sales booths, video showed.

It hit two women who appeared to be in their 60s, Hagan said.

Many ran after the car, screaming and cursing as it sped away, he said.

Hodge said she and her friend, 31-year-old Ashley Taylor, had made note of the numbers walking along the seaside.

"It was a really nice day, there were tons of people out, in fact, we were talking about how packed it was, because we were having a hard time getting through all the people," said Hodge.

She and her friend stepped into a store to buy a couple of hats, a move that may have saved their lives, and stepped out to see the aftermath, as emergency crews arrived and started putting victims on tarps.

Hodge saw one man and woman lying next to each other, wearing head braces and barely able to move.

"They were just laying next to each other and grasping hands," Hodge said, "just a man and a woman holding hands."

Hours later police were surveying the same stretch of ground for evidence.

The Venice boardwalk is a cultural hub in a part of Los Angeles known for its circus-meets-gritty-city eccentricities.

The 1.5-mile ribbon of asphalt that runs along the sand a few hundred yards from the ocean is home to galleries, restaurants, tattoo shops, skateboard parks and the famous outdoor weight room known as Muscle Beach.

It can draw as many as 150,000 people on summer weekends.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-08-04-Car%20Into%20Beachgoers/id-69aabc4ae9744686932c124e3f3e095c

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Saturday, August 3, 2013

News summary: Chevron 2Q profit drops 26 percent

OIL DROP: Chevron Corp. reported second-quarter net income of $5.37 billion, down 26 percent from the same period last year. Chevron joined rivals Exxon Mobil and Shell in producing lower profit than a year ago.

ANALYST ANGST: Chevron's profit equaled $2.77 per share, 20 cents below analysts' forecast. But revenue of $57.4 billion was slightly higher than Wall Street expected, even though it was down 8 percent from a year ago.

PRICE POINT: Like Exxon and Shell, Chevron was affected by oil prices that were on average lower than a year ago.

Source: http://news.yahoo.com/news-summary-chevron-2q-profit-154707506.html

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