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Omniyat Properties reveals new generation of premium real estate

Since its inception, the company has already launched two residential and five commercial projects valued at over Dhs5bn making it one of the region's fastest growing property developers. Two new plots of land in Business Bay, facing the widest part of the Dubai Creek, with a built-up area of 700,000 square feet will be used to develop an Dhs1.5bn premium office complex similar in scale and quality to Omniyat's hugely-successful project, The Opus, which has been 80 per cent sold out since being first revealed in London five months ago. This new double-plot project will be ready for launch early next year. Located on Dubai Waterfront - a master development by Nakheel - another new project will face the Palm Jebel Ali and will occupy one of the largest single plots of land available on the main beach front in an area to be known as Madinat Al Arab.


Minneapolis/Mall of America

MINNEAPOLIS—This isn't a tale of two cities. Not exactly. It's not even a tale of Twin Cities, which will probably miff St. Paul—but, St. Paul, we'll make it up to you someday.

This is about Minneapolis and The Mall of America.

Minneapolis has 30 live theater venues, including two that have won Tonys: the Guthrie Theater and the Children's Theatre Company.

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Phishing As A Service, Part II

Now you no longer need an in with the international Storm syndicate to outsource your phishing attacks. On InformationWeek, George Hulme reports on a DIY phishing service:

"The service automatically generates text for the phishing emails that target various Web mail and social networks, including Facebook, Hi5, Orkut, and others...

While this is more of a novelty, and reminiscent of the old-time virus construction kits from the early 1990s, it reveals how heavily social networks will be targeted going forward."

Hulme predicts a significant attack through the social networks. I still think it's coming from instant messaging.

Posted by Joe Caponi at 12:15 PM, January 29, 2008

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A Market of Haves and Have-Nots

But Tuesday's session showed just how different the momentum leaders are. They kept rising while the others -- the have-nots - saw their technical buy signals erased.

Another have vs. have-not condition dogging the market is the heavy numbers of new 52-week highs and new 52-week lows at the same time. While major indexes are still within spitting distance of all-time watermarks, the presence of all those new highs is to be expected. However, the number of stocks reaching 52-week lows is quite inconsistent with a healthy market.

We need not get into the esoteric indicators that deal with such events but simply wonder why on average three to four percent of all issues traded each day are at the lowest point they've been in a year while the indexes are near their highs. Strength in the indexes is masking something wrong beneath the surface and we only have to look back to the July peak for the last time this condition existed.


The super-regional lifestyle power center

Representing a more than $100 million investment, the Mall of Louisiana is being “re-merchandized" with adjoining new lifestyle and power centers and also experiencing major changes with retailers.

“Overall, we're shuffling 50 to 60 tenants in the mall with renewals, relocations and new tenants, which is under way now and will continue through 2008," General Manager Todd Denton says. “The timing is good. We're 10 years old with a lot of 10-year leases expiring this year and in 2008, so we're able to do a lot of shuffling, renewals and bringing more people in.“

Denton declined to outline all lease changes, but he did say newcomers would include Forever 21, a national fashion store that will have a two-story-location, Build-a-Bear Workshop and Coach leather goods. Recent additions among the mall's 150 tenants include Caché women's fashion, Solstice sunglasses retailer, Swarovski crystal, Perfumania and Alexandria-based Formal Place, a family-owned ladies' formalwear store.


Wis. lawmaker wants U.S. to reimburse wrongly convicted employee

MADISON, Wis. - A lawmaker wants the state to force the federal government to reimburse an employee who was wrongly convicted in federal court.The Legislature's budget committee voted to recommend reimbursing Georgia Thompson more than $228,000 in attorney's fees and other costs stemming from her wrongful conviction.But Democratic Rep. Pedro Colon of Milwaukee says he will push for an amendment requiring the Wisconsin Department of Justice to pursue all reasonable means to collect that money from the federal government.He says Thompson's prosecution was politically motivated to damage Democratic Gov. Jim Doyle.Thompson was convicted of steering a contract to a supporter of the governor. She spent four months in prison before an appeals court ruled she was innocent.

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