Time, not money, key investment for success in real estate business ...

Home ? business ? Time, not money, key investment for success in real estate business

THE NATION January 7, 2013 1:00 am

Many people think: "Since I still do not have much money, I can't invest in real estate." And with this attitude, they will never get started, Pichai Chawla said.

"You should learn first and at one point, money will arrive. Don't wait to have money before getting started. [Because] you will never do it," he said.

The property and stock investment expert, who runs the B2 budget-hotel group as well as property and other businesses in Chiang Mai, said what a would-be rich person needed to invest was time.

"Go to see the properties," he said. "You have to do a practical study. After visiting 50-100 places, you will become knowledgeable."

American real-estate billionaire Donald Trump has suggested that investors start by visiting 100 properties, Pichai said.

Through visiting a lot of properties, one will learn through observing and comparing the assets, and consequently being able to distinguish good from bad real estate.

"The point is whether you can find a good thing at a good price. And then, even if you don't have money, you can present it to the bank; some of them can lend to you up to 90 per cent [of the property's appraised value]. Or you approach your friends for a joint investment, or sell it to them for a commission," he said.

Importantly, to get rich from property investment, Pichai suggested that people make regular visits to inspect real-estate sites as part of their lifestyles.

"Instead of wasting your money shopping, you can go to see properties during your free time," he said.

BILLIONAIRES' SECRETS

Pichai believes everyone can profit from real estate. Not all of the rich people in this world are particularly smart.

"There are plenty of factors: emotion, fear, luck," he said. "You see, most of [the wealthy] don't have a PhD. But they have practical knowledge, the courage to take risks, and the ability to control their minds. Sometimes, knowing too much prevents you from doing anything."

Pichai said a winner in business was usually the one who understood and could overcome psychological obstacles. "Suffering losses is part of the process of getting rich. There is a deep correlation between the times of problems and success.

"Location is certainly an important factor but it also depends on the kind of project one is developing. It would be a mistake for the developer of a five-star hotel project to be stingy on land cost, for instance.

"An excellent piece is priced at Bt28 million, whereas a modest one is offered for Bt15 million ... Sometimes, I will go for the latter. It depends on how you weigh the pros and cons. But the important thing is what are you developing. As a three-star-hotel developer that sells our rooms for Bt500 a night, location is not of much importance to us," he said.

Pichai said he personally preferred property over stock investments, since the former involved fewer psychological factors.

"Stock investing appears easier but it is in fact more difficult [to succeed]. To invest in real estate, there are a lot of procedures and things you need to study, but the risk is lower," he concluded.

nWatch the full interview conducted by Atishart Wongwuttiwat on Krungthep Turakij TV's "Business Talk" programme from 8-9pm tomorrow, January 8.

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Source: http://www.nationmultimedia.com/business/Time-not-money-key-investment-for-success-in-real--30197374.html

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NASA's NuSTAR catches black holes in galaxy web

Jan. 7, 2013 ? NASA's Nuclear Spectroscopic Telescope Array, or NuSTAR, set its X-ray eyes on a spiral galaxy and caught the brilliant glow of two black holes lurking inside.

The new image is being released Monday along with NuSTAR's view of the supernova remnant Cassiopeia A, at the American Astronomical Society meeting in Long Beach, Calif.

"These new images showcase why NuSTAR is giving us an unprecedented look at the cosmos," said Lou Kaluzienski, NuSTAR program scientist at NASA headquarters in Washington. "With NuSTAR's greater sensitivity and imaging capability, we're getting a wealth of new information on a wide array of cosmic phenomena in the high-energy X-ray portion of the electromagnetic spectrum."

Launched last June, NuSTAR is the first orbiting telescope with the ability to focus high-energy X-ray light. It can view objects in considerably greater detail than previous missions operating at similar wavelengths. Since launch, the NuSTAR team has been fine-tuning the telescope, which includes a mast the length of a school bus connecting the mirrors and detectors.

The mission has looked at a range of extreme, high-energy objects already, including black holes near and far, and the incredibly dense cores of dead stars. In addition, NuSTAR has begun black hole searches in the inner region of the Milky Way galaxy and in distant galaxies in the universe.

Among the telescope's targets is the spiral galaxy IC342, also known as Caldwell 5, featured in one of the two new images. This galaxy lies 7 million light-years away in the constellation Camelopardalis (the Giraffe). Previous X-ray observations of the galaxy from NASA's Chandra X-ray Observatory revealed the presence of two blinding black holes, called ultraluminous X-ray sources (ULXs).

How ULXs can shine so brilliantly is an ongoing mystery in astronomy. While these black holes are not as powerful as the supermassive black hole at the hearts of galaxies, they are more than 10 times brighter than the stellar-mass black holes peppered among the stars in our own galaxy. Astronomers think ULXs could be less common intermediate-mass black holes, with a few thousand times the mass of our sun, or smaller stellar-mass black holes in an unusually bright state. A third possibility is that these black holes don't fit neatly into either category.

"High-energy X-rays hold a key to unlocking the mystery surrounding these objects," said Fiona Harrison, NuSTAR principal investigator at the California Institute of Technology in Pasadena. "Whether they are massive black holes, or there is new physics in how they feed, the answer is going to be fascinating."

In the image, the two bright spots that appear entangled in the arms of the IC342 galaxy are the black holes. High-energy X-ray light has been translated into the color magenta, while the galaxy itself is shown in visible light.

"Before NuSTAR, high-energy X-ray pictures of this galaxy and the two black holes would be so fuzzy that everything would appear as one pixel," said Harrison.

The second image features the well-known, historical supernova remnant Cassiopeia A, located 11,000 light-years away in the constellation Cassiopeia. The color blue indicates the highest-energy X-ray light seen by NuSTAR, while red and green signify the lower end of NuSTAR's energy range. The blue region is where the shock wave from the supernova blast is slamming into material surrounding it, accelerating particles to nearly the speed of light. As the particles speed up, they give off a type of light known as synchrotron radiation. NuSTAR will be able to determine for the first time how energetic the particles are, and address the mystery of what causes them to reach such great speeds.

"Cas A is the poster child for studying how massive stars explode and also provides us a clue to the origin of the high-energy particles, or cosmic rays, that we see here on Earth," said Brian Grefenstette of Caltech, a lead researcher on the observations. "With NuSTAR, we can study where, as well as how, particles are accelerated to such ultra-relativistic energies in the remnant left behind by the supernova explosion."

For more information about NuSTAR and to view the new images, visit: http://www.nasa.gov/nustar .

NuSTAR is a Small Explorer mission led by Caltech and managed by NASA's Jet Propulsion Laboratory in Pasadena for NASA's Science Mission Directorate in Washington. Orbital Sciences Corporation of Dulles, Va., built the spacecraft. Its instrument was built by a consortium including Caltech; JPL; the University of California (UC) Berkeley; Columbia University; NASA's Goddard Space Flight Center in Greenbelt, Md.; the Danish Technical University in Denmark; Lawrence Livermore National Laboratory in Livermore, Calif.; and ATK Aerospace Systems of Goleta, Calif. NuSTAR's mission operations center is at UC Berkeley, with the Italian Space Agency providing an equatorial ground station located at Malindi, Kenya. The mission's outreach program is based at Sonoma State University in Rohnert Park, Calif. Goddard manages NASA's Explorer Program. Caltech manages JPL for NASA.

You can follow JPL News on Facebook at: http://www.facebook.com/nasajpl and on Twitter at: http://www.twitter.com/nasajpl . Caltech manages JPL for NASA.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/space_time/astronomy/~3/xGfaf9kTiHY/130107173552.htm

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Get Healthy With One Of These Fitness Suggestions

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New path to more efficient organic solar cells uncovered

Jan. 7, 2013 ? Why are efficient and affordable solar cells so highly coveted? Volume. The amount of solar energy lighting up Earth's land mass every year is nearly 3,000 times the total amount of annual human energy use. But to compete with energy from fossil fuels, photovoltaic devices must convert sunlight to electricity with a certain measure of efficiency. For polymer-based organic photovoltaic cells, which are far less expensive to manufacture than silicon-based solar cells, scientists have long believed that the key to high efficiencies rests in the purity of the polymer/organic cell's two domains -- acceptor and donor. Now, however, an alternate and possibly easier route forward has been shown.

Working at Berkeley Lab's Advanced Light Source (ALS), a premier source of X-ray and ultraviolet light beams for research, an international team of scientists found that for highly efficient polymer/organic photovoltaic cells, size matters.

"We've shown that impure domains if made sufficiently small can also lead to improved performances in polymer-based organic photovoltaic cells," says Harald Ade, a physicist at North Carolina State University, who led this research. "There seems to be a happy medium, a sweet-spot of sorts, between purity and domain size that should be much easier to achieve than ultra-high purity."

Ade, a longtime user of the ALS, is the corresponding author of a paper describing this work in Advanced Energy Materials titled "Absolute Measurement of Domain Composition and Nanoscale Size Distribution Explains Performance in PTB7:PC71 BM Solar Cells." Co-authors are Brian Collins, Zhe Li, John Tumbleston, Eliot Gann and Christopher McNeill.

Solar cell conversion efficiency in polymer/organic photovoltaic cells hinges on excitons -- electron/hole pairs energized by sunlight -- getting to the interfaces of the donor and acceptor domains quickly so as to minimize energy lost as heat. Conventional wisdom held that the greater the purity of the domains, the fewer the impedances and the faster the exciton journey.

Ade and his co-authors became the first to simultaneously measure the domain size, composition and crystallinity of an organic solar cell. This feat was made possible by ALS beamlines 11.0.1.2, a Resonant Soft X-ray Scattering (R-SoXS) facility; 7.3.3, a Small- and Wide-Angle X-Ray Scattering (SAXS/WAXS/) end-station; and 5.3.2, an end-station for Scanning Transmission X-Ray Microscopy (STXM).

Says Collins, the first author on the Advanced Energy Materials paper, "The combination of these three ALS beamlines enabled us to obtain comprehensive pictures of polymer-based organic photovoltaic film morphology from the nano- to the meso-scales. Until now, this information has been unattainable."

The international team used the trifecta of ALS beams to study the polymer/fullerence blend PTB7:PC₇₁BM in thin films made from chlorobenzene solution with and without the addition (three-percent by volume) of the solvent diiodooctane. The films were composed of droplet-like dispersions in which the dominant acceptor domain size without the additive was about 177 nanometers. The addition of the solvent shrank the acceptor domain size down to about 34 nanometers while preserving the film's composition and crystallinity. This resulted in an efficiency gain of 42-percent.

"In showing for the first time just how pure and how large the acceptor domains in organic solar devices actually are, as well as what the interface with the donor domain looks like, we've demonstrated that the impact of solvents and additives on device performance can be dramatic and can be systematically studied," Ade says. "In the future, our technique should help advance the rational design of polymer-based organic photovoltaic films."

This research was primarily supported by the DOE Office of Science, which also supports the ALS.

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Journal Reference:

1. Brian A. Collins, Zhe Li, John R. Tumbleston, Eliot Gann, Christopher R. McNeill, Harald Ade. Absolute Measurement of Domain Composition and Nanoscale Size Distribution Explains Performance in PTB7:PC71BM Solar Cells. Advanced Energy Materials, 2012; DOI: 10.1002/aenm.201200377

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/tGAofzzyqps/130107130939.htm

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Razer releases $130 Orbweaver for single-pawed, mechanical PC gaming (video)

Belkin made gamer's hearts flutter with the original N52te speedpad, which Razer took over a couple of years ago and developed into the Nostromo. Now, that peripheral-maker has taken the concept to a new level (and price) with the $130 gadget-tastic Orbweaver gaming keypad. Each of the 20 mechanical keys is programmable with unlimited-length macros, and produces a tactile click when actuated with 2mm travel / 50g of force -- all in the service of max speed to give gamers the drop on foes, according to Razer. Also provided is an eight-way directional thumbpad along with adjustable hand, thumb and palm-rest modules, plus Razer Synapse 2.0 software for re-binding buttons and assigning macros. It's available now for Windows or OS X, so if you're looking for a way to get that tricky drop, roll and fire combo into a single, satisfying click, check the source.

[Thanks, Arjun]

Continue reading Razer releases $130 Orbweaver for single-pawed, mechanical PC gaming (video)

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Source: http://www.engadget.com/2013/01/04/razer-releases-130-orbweaver-for-single-pawed-mechanical-pc-ga/

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THE CONNING TOWER: 2013 T&F Coaching Education opportunites

NEWSFLASH: The annual USATF Level 2 Event Specific School site has just been announced for Cal State East Bay (Hayward) from 7-13 July, 2013. As this is the first Level 2 ever in Nor-Cal, sign up for a Level 1 School now to be eligible to attend this Level 2 School! (more information coming in the Winter'13 Cal Currents Coaches e-zine)

USA Track & Field Level 1 Schools are the most comprehensive and accredited track and field training program in the nation, consisting of 21 hours of instruction focused on the events of track & field and related sport science.
The course includes classroom instruction as well as hands-on training. The Level 1 program covers all events by sport science and instructional techniques in addition to specific event group training of endurance, sprints/hurdles, throws and jumps.

19-20 January, 2013 (Martin Luther King weekend): Chabot College, Hayward
(early bird registration closes 5 January)

For full flyer click on: http://www.pausatf.org/data/coach/coach1.13chabotlevel1.pdf,
or enroll directly at:
http://www.usatf.org/groups/coaches/education/schools/level1/2013/C13000823/index.asp

Staff discounts available for 3 or more coaches from the same club or school:
Contact Dave Shrock at coachshrock@gmail.com for information.

Begin 2013 by increasing your coaching effectiveness and sign up now for a Level 1 School!

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How Crazy Are These Guys?

Reps. Markwayne Mullin, Paul Cook, and Ted Yoho

Mullen for US Congress; United States Congress.

Michele Bachmann almost missed the vote. Members of the 113^th House of Representatives were supposed to gather in the chamber by noon then cast their votes for speaker of the House. Two hundred thirty-three Republicans were voting, and only 217 were needed to give John Boehner the job, so it didn?t seem to matter when the chair called Bachmann?s name and the Tea Party star?slightly dimmer since her botched presidential campaign?wasn?t there.

It didn?t matter, until it did. Twelve Republicans voted for someone besides John Boehner, spreading most of the wealth between defeated Rep. Allen West and scowling Majority Leader Eric Cantor. Six other Republicans either missed the vote or sat on their hands to protest Boehner. For a minute or so, it looked like Boehner might need to win the gavel on a second ballot, which hadn?t happened to any speaker in 90 years. And then Bachmann and Rep. Marsha Blackburn, a fellow camera-friendly female conservative, materialized on the floor, motioning to the chair, asking to cast their votes. ?John Boehner,? said an unsmiling Bachmann. Safe.

No one could remember a sloppier election of an incumbent speaker. But there is good, nonschadenfreude-related news: This Congress is a little more mellow than the last one. Early reporting on the 113^th has focused on the People Most Likely To Be Like Allen West, because they make good copy, and that?s fair. The Washington Post?s ?members to watch? list includes four Republicans, two of whom opposed Boehner. But 31 of the 35 new Republicans did vote for Boehner after a slapdash ?coup? attempt that counted lots of ?aye? votes as resisters. This assemblage of Republicans is a little smaller, a little more experienced, and even a little more bland. They can be broken into a few distinct groups.

The Tea Party slayers. Last year?s primaries didn?t break like 2010?s. As strong and experienced as the conservative movement was, it lost a few races to more establishment-friendly candidates. Georgia?s Doug Collins, a legislator who?d tried to raise taxes to fund road construction, defeated a radio host who?d been endorsed by Herman Cain and somebody named Sarah Palin. California?s Paul Cook, a relatively conservative assemblyman, was challenged by a Tea Partier who refused to ever raise the debt limit. Cook won, in part, with nearly $1 million from a PAC connected to Mike Bloomberg. North Carolina?s Richard Hudson, a former staffer for a posse of other congressmen, was attacked by the Club for Growth and Red State because his old bosses had, occasionally, compromised.

None of these members softened their views during the primaries. They ran to the right, as one does. Their biggest re-election threats come from Republicans who can run even further, outflanking them on errant votes. But they beat these purists before. Dogma rating: Very low.

The maybe-government-can-work caucus. Oklahoma Rep. Markwayne Mullin is one of very few new Republicans who took a Democratic seat that hadn?t been particularly gerrymandered. (Democrat Dan Boren, probably the most conservative member of his party, had retired.) But he didn?t back the original Ryan plan and preferred one that would have let people over 55 choose Medicare as-is or opt into ?premium support.? Ohio?s David Joyce, a prosecutor who replaced retiring moderate Rep. Steve LaTourette, carbon-copied LaTourette?s positions on tax revenue (fine) and infrastructure spending (more please). Illinois?s Rodney Davis, whose last political job involved securing government grants, took over a district left by an unpredictable conservative. (That would be Tim Johnson, who tried to personally call every constituent during each term.) Dogma rating: Low.

Source: http://feeds.slate.com/click.phdo?i=9e59f32679c6c2b028e0460b15cf72e7

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