Sunday, March 31, 2013

Ex-chancellor Schroeder praises political rival Merkel

BERLIN (Reuters) - In a gesture all too rare in election years, former chancellor Gerhard Schroeder has lavished praise on his successor and political adversary Angela Merkel for "leading with restraint" in Europe.

In an interview with Der Spiegel magazine, Schroeder complimented Merkel on the way she had not ducked away from leading Europe through the euro zone crisis now, though he said her initial hesitation several years ago made the single currency's rescue efforts more expensive than they had to be.

Schroeder, a former leader of the center-left Social Democrats (SPD) who ruled from 1998 to 2005, said some members of Merkel's conservative party had needlessly raised fears in Europe about German leadership, such as her parliamentary floor leader Volker Kauder who last year said "Europe speaks German".

Schroeder, who has endorsed the SPD chancellor candidate in the race against Merkel in September elections, said she was now doing a decent job.

"Mrs Merkel rather belatedly made the necessary decisions on rescue efforts and for solidarity in the EU," Schroeder said. "That certainly made the euro rescue efforts more expensive. But she hasn't rejected Germany's leadership role; rather she is leading with restraint. And to my mind that's a good thing."

Germany, the largest economy in Europe and the euro zone's paymaster, is sometimes criticized for not showing enough leadership. But at other times it is admonished for throwing its weight around too much - most recently during the Cyprus crisis.

"As chancellor I had to learn that Germany can only lead in Europe the same way porcupines mate," Schroeder said. When asked how porcupines mate, Schroeder replied: "Very carefully."

He added: "The other countries expect Germany to lead, but not to show off superiority. Comments like 'Europe speaks German' are not helpful at all."

Because of its military past and the two world wars it started in the 20th century, Germany has long been reluctant to lead. Many European countries also bristle at German leadership.

Luxembourg's foreign minister accused Germany on Tuesday of "striving for hegemony" in the euro zone by telling Cyprus what business model it should pursue. Germany insisted that wealthy depositors in Cyprus' banks contribute to the island's bailout.

Foreign Minister Jean Asselborn told Reuters that Germany did not have the right to make decisions for other countries and accused it in an interview with Reuters of "striving for hegemony, which is wrong and un-European."

The 68-year-old Schroeder, who has largely stayed away from politics since leaving office eight years ago but has begun to comment more frequently on issues again ahead of September's election, said more was being demanded of Germany now because of its economic clout and growing political importance.

(Reporting By Erik Kirschbaum; Editing by Stephen Powell)

Source: http://news.yahoo.com/ex-chancellor-schroeder-praises-political-rival-merkel-170623470--business.html

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Here's the Internet/cable TV ad they ought to run (video)

If only this wasn?t so true. The Internet and cable TV game is rigged in the US, and it?s consumers who lose.

The political class makes out okay because of the big dollars handed out every campaign season. As for the rest of us, we pay far more for cable TV, Internet, phone and cell service in the US than they pay in Europe, for example. Here in France, the phone, TV and Internet package starts at around 30 euros, or $36 ? and the speeds are generally faster than you?ll get as a standard package in most US cities (though, admittedly, customer service tends to be non-existent over here).

John was just telling me that in Washington, DC, he pays $180/month for basic Internet and basic cable TV, has to pay extra for HD (which is hardly some new-fangled technology at this point), and his package doesn?t include any premium movie channels at all. $180, that?s insane.

Thanks, Congress!

FYI ? there?s small amount of language in the video.

Source: http://americablog.com/2013/03/heres-the-internetcable-tv-ad-they-ought-to-run-video.html

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Saturday, March 30, 2013

Obama pitches public works spending to create jobs

President Barack Obama speaks at a port in Miami, Friday, March 29, 2013, promoting a plan to create construction and other jobs by attracting private investment in roads and other public works projects. (AP Photo/Luis M. Alvarez)

President Barack Obama speaks at a port in Miami, Friday, March 29, 2013, promoting a plan to create construction and other jobs by attracting private investment in roads and other public works projects. (AP Photo/Luis M. Alvarez)

President Barack Obama removes his jacket before touring a tunnel project at the Port of Miami, Friday, March 29, 2013, while promoting a plan to create jobs by attracting private investment in highways and other public works. (AP Photo/Susan Walsh)

President Barack Obama tours a tunnel project at the Port of Miami, Friday, March 29, 2013, while promoting a plan to create jobs by attracting private investment in highways and other public works. (AP Photo/Susan Walsh)

President Barack Obama speaks at a port in Miami, Friday, March 29, 2013, promoting a plan to create construction and other jobs by attracting private investment in roads and other public works projects. (AP Photo/Susan Walsh)

President Barack Obama speaks at a port in Miami, Friday, March 29, 2013, promoting a plan to create construction and other jobs by attracting private investment in roads and other public works projects. (AP Photo/Susan Walsh)

(AP) ? Trying to show that the economy remains a top priority, President Barack Obama promoted a plan Friday to create construction and other jobs by attracting private money to help rebuild roads, bridges and other public works projects.

Obama fleshed out the details during a visit to a Miami port that's undergoing $2 billion in upgrades paid for with government and private dollars. The quick trip was designed to show that the economy and unemployment are top priorities for a president who also is waging high-profile campaigns on immigration reform and gun control.

Obama said the unemployment rate among construction workers was the highest of any industry, despite being cut nearly in half over the past three years.

"There are few more important things we can do to create jobs right now and strengthen our economy over the long haul than rebuilding the infrastructure that powers our businesses and economy," Obama said. "As president, my top priority is to make sure we are doing everything we can to reignite the true engine of our economic growth ? and that is a rising, thriving middle class."

Among the proposals Obama called for, which require approval from Congress, are:

?$4 billion in new spending on two infrastructure programs that award loans and grants.

?Higher caps on "private activity bonds" to encourage more private spending on highways and other infrastructure projects. State and local governments use the bonds to attract investment.

?Giving foreign pension funds tax-exempt status when selling U.S. infrastructure, property or real estate assets. U.S. pension funds are generally tax exempt in those circumstances. The administration says some international pension funds cite the tax burden as a reason for not investing in American infrastructure.

?A renewed call for a $10 billion national "infrastructure bank."

Arriving at the expansive port in Miami, Obama stood inside a double-barreled, concrete-laced hole in the ground, touring a tunnel project that will connect the port to area highways. The project has received loans and grants under the programs Obama touted and is expected to open next summer.

The president made private-sector infrastructure investment a key part of the economic agenda he rolled out in his State of the Union address last month. In the speech, he also called for a "Fix-It-First" program that would spend $40 billion in taxpayer funds on urgent repairs.

Congressional approval is not a sure bet, considering that House Republicans have shown little appetite for Obama's spending proposals. In fact, the infrastructure bank is an idea Obama called for many times in the past, but it gained little traction during his first term.

Obama's focus on generating more private-sector investment underscores the tough road new spending faces on Capitol Hill, where Republican lawmakers often threaten to block new spending unless it's paid for by cutting taxes or other spending. "These are projects that are helpful to the economy and shouldn't break down on partisan lines," said White House spokesman Josh Earnest.

But Florida Republicans, including Gov. Rick Scott, faulted Obama for being "late to the party." Before Obama arrived in Florida, Scott argued that state taxpayers have had to pick up too much of the tab for this and other port projects because the president was slow to support them.

Alan Krueger, chairman of the White House Council of Economic Advisers, told reporters traveling with Obama that the initiatives discussed Friday will cost $21 billion, not including the $40 billion for "Fix-It-First." Krueger said any increased spending associated with the proposals would not add to the deficit.

Krueger said details of how the programs would be paid for would be included in the budget Obama is scheduled to release on April 10.

___

AP White House Correspondent Julie Pace in Washington contributed to this report.

___

Follow Josh Lederman on Twitter: http://twitter.com/joshledermanAP

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-03-29-Obama/id-2293a13f06f14aa1b27b34591cc46a6c

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Friday, March 29, 2013

Engadget Eurocast 020 - 03.28.13

Engadget Eurocast 020 - 03.28.13

Sports, art and drama... this week has it all. In fact the only thing it's lacking is a bit of romance. Unless Jamie's love of a student lifestyle counts? Honestly, when you find out what that involves, you'll realize it really doesn't.

Hosts: Dan Cooper, Jamie Rigg, Steve Dent

Producer: James Trew

Hear the Podcast

Filed under:

Comments

Source: http://www.engadget.com/2013/03/28/engadget-eurocast-020-03-28-13/

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Da Vinci Robot Surgery Lawsuit Surge Doesn't Phase Patients ...

There are many ways in which medical research and medical advances in the United States are different than in other countries. A significant percentage of Americans ? both among the public and within the medical profession ? perceive American medicine to be on the cutting edge. It is undeniable, though, that experts from other parts of the world see the American attitude as headstrong and at times ill-advised. Certainly the United States has many of the most respected research facilities and teaching hospitals in the world, but our obsession with technology is a dangerous one. The recent surge of da Vinci robot surgery lawsuits is indicative of our sometimes blind enthusiasm for new technology in medicine.

Da Vinci robot surgery is a procedure that has been increasingly available in United States hospitals over the last ten years. Providing an alternate procedure for laparoscopic surgery, the da Vinci robot makes operating on patients easier for the surgeon by allowing them to work at a comfortable remote station rather than awkwardly handling long-handled tools themselves. Some surgeons say that with a large amount of practice, the device allows them to perform more detailed or complex procedures. But the overwhelming majority of medical professionals say the device may actually pose significant risks to patients, particularly when the surgeon using it has not been performing robot surgeries at a high volume for some time. Da Vinci robot surgery lawsuits allege that the device can cause serious and life threatening internal injuries to organs and bodily tissues.

Even in light of a surge of negative publicity, including exposes from major newspapers and critical studies published by a number of leading medical groups, patients continue to choose da Vinci. These news articles and medical journals have published revealing information showing that claims regarding better patient outcomes made by Intuitive Surgical in marketing materials have never actually been proven.? This, say some critics, is the main difference between the American medical system and other respected countries?. Critics are quick to point out that consumers and medical professionals in other countries would be much more suspect of new technology that was yet unproven. In a society where technology is often equated with improvement and advancement, patients seek out hospitals that offer da Vinci robot surgery ? unaware that traditional laparoscopy may actually be a smarter and safer choice. Furthermore, the da Vinci robot adds significant cost to routine surgeries such as hysterectomy. Hospitals are footing the bill for this new device in order to attract more patients ? and meanwhile Intuitive Surgical is reaping record profits for an unproven and perhaps unsafe product.

While Intuitive Surgical continues to market the robot in the same aggressive manner, making unproven claims about patient outcomes and failing to notify consumers of the risks associated with robotic surgery, the company has quickly and quietly settled the da Vinci robotic surgery lawsuits that have surfaced thus far. Speculation says that the company must know something is seriously wrong with robot surgery, or company lawyers would be fighting these pricey lawsuits tooth and nail. In the long run, it?s up to the American consumer to make wise choices, continuing to grapple with the question of technology and advancement.

This entry was posted in general and tagged attorney, da Vinci, health, hysterectomy, injury, lawsuit, lawyer, men, prostate, robot, robotic, surgeon, surgery, women. Bookmark the permalink.

Source: http://robertwatson.holdonhosting.net/da-vinci-robot-surgery-lawsuit-surge-doesnt-phase-patients-seeking-da-vinci-treatment/

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Asia stocks weighed down by Europe debt woes

BANGKOK (AP) ? Renewed jitters about the debt crisis in Europe sent Asian stock markets lower Thursday.

Banks in Cyprus are due to open later Thursday for limited banking only after being shut for nearly two weeks as an emergency loan was being pieced together to prevent the nation's financial sector from collapsing.

The agreement reached late Monday with international lenders gives Cyprus a 10 billion euro ($12.9 billion) bailout but forces losses on depositors with more than 100,000 euros in the country's two largest banks.

Evan Lucas of IG Markets in Melbourne said the deal has sparked fears it may be repeated in other European nations that faced similar circumstances. In an email commentary, he said investors saw the deal "as a monster in the shadows for banks in Portugal, Spain and Italy" since it requires depositors ? not the public or its tax contributions ? to take the pain.

Japan's Nikkei 225 index tumbled 1.6 percent to 12,300.42. Hong Kong's Hang Seng lost 1.1 percent to 22,214.61. South Korea's Kospi slipped 0.2 percent at 1,990.04. Australia's S&P/ASX 200 lost 0.2 percent to 4,984.30.

Investors are waiting to see the reaction later Thursday, when Cypriot banks open their doors. Authorities have been putting measures in place to prevent a rush of euros out of the country's banks. Cash withdrawals will be limited to 300 euros ($383) per person each day, and no checks will be cashed.

Peter Lai of DBS Vickers Securities in Hong Kong said he was expecting a "disastrous phenomenon" in Cyprus when banks reopen.

"We also expect there'll be some kind of bank run. So lots of people are trying to get their cash back and this undoubtedly will be some kind of bad impact on the Cyprus banking system and people believe that or they think that this may affect the euro system," he said.

Meanwhile, in Italy, a leading political party failed in its attempt to form a new government. The stalemate has raised concerns that the country will be unable to manage its deep debts. Italy is the third-largest economy of the 17 countries that use the euro.

Financial stocks across Asia slumped. Japan's Mizuho Financial Group dropped 2.4 percent. Agricultural Bank of China fell 2.9 percent in Hong Kong.

In Australia, Newcrest Mining plummeted 7.9 percent after the company said its gold production target for the 2012-13 fiscal year would not be reached.

Wall Street stocks closed mostly lower Wednesday on Europe worries. The Dow Jones industrial average dropped 0.2 percent to close at 14,526.16. The S&P 500 fell less than 0.1 percent to close at 1,562.85. The Nasdaq composite index rose 0.1 percent to 3,256.52.

Benchmark oil for May delivery was up 7 cents to $96.65 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 24 cents to close at a five-week high of $96.68 per barrel on the Nymex on Wednesday.

In currencies, the euro rose to $1.2783 from $1.2774 late Wednesday in New York. The dollar fell to 94.06 yen from 94.38 yen.

___

Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson

Source: http://news.yahoo.com/asia-stocks-weighed-down-europe-debt-woes-032119311--finance.html

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Edwards' eldest daughter speaks on father's affair

NEW YORK (AP) ? The eldest daughter of former Democratic presidential candidate John Edwards says it was difficult to watch the experience her parents went through after he revealed that he'd had an extramarital affair.

Cate Edwards spoke in an interview scheduled to be aired on NBC's Today show Friday morning and on "Rock Center with Brian Williams" that evening. She said her father told her of the affair and that she was devastated by the news, adding that it was hard to see them go through the ordeal. The 31-year-old attorney's comments were reported Wednesday on the Today website.

"I guess he and my mom decided that that was, you know, how it needed to be done. So yeah, I was devastated. And I was disappointed," she said. "I mean, these are my parents. I had grown up with a lot of love in my family. And it was hard to see them go through this."

Elizabeth Edwards died on Dec. 7, 2010 after battling cancer.

"I miss her in sort of big ways and small ways," Cate Edwards said. "You know, it's big things that go by, like my wedding. She wasn't able to be there. But we got to talk about it. And I felt incredibly lucky that I got the chance to even have that conversation with her.

"And I sort of carried out some of her vision which was great to sort of feel her presence there even though she wasn't actually there. And then there are small things. I mean, I get away with bad grammar. I never used to get away with bad grammar."

John Edwards' campaign finance fraud case ended in a mistrial last May when jurors acquitted him on one of six charges but were unable to decide whether he misused money from two wealthy donors to hide his pregnant mistress, Rielle Hunter, while he ran for president.

Cate Edwards was by her father's side during the federal trial in North Carolina.

John Edwards also has a teenage daughter, Emma Claire, and his youngest son, Jack. His son, Wade, died in a car accident in 1996.

He said after his trial that he planned to spend more time with a daughter whom he fathered with Hunter, Francis Quinn Hunter.

Source: http://news.yahoo.com/edwards-eldest-daughter-speaks-fathers-affair-023053974.html

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Thursday, March 28, 2013

Court approves American Airlines-US Airways merger

A judge on Wednesday approved AMR Corp's plan to merge with US Airways Group , a step toward creating the world's largest airline.

AMR, parent of American Airlines and in bankruptcy since November 2011, must still construct a formal restructuring plan incorporating the merger that meets court and creditor approval before the airline can emerge from bankruptcy.

American Airlines announced the plan to combine with US Airways last month, a deal that also requires regulatory approval.

In a crowded Manhattan courtroom on Wednesday, U.S. Bankruptcy Judge Sean Lane declined to approve, for now, a planned $19.9 million severance package for Tom Horton, AMR's outgoing chief executive.

Lane said he was uncertain as to whether the severance package requires his approval at all, or whether the matter is more appropriate for inclusion in AMR's formal restructuring plan.

That plan, which all debtors in bankruptcy must propose, will lay out how creditors will get paid back, and will require creditor approval.

The fate of the severance payment is unclear. The version of the merger agreement that earned the judge's approval may have to be amended to remove it.

Jack Butler, a lawyer for AMR's creditors' committee, said it was too early to tell how the parties will deal with the severance issue.

"The companies said they were prepared to amend the merger agreement in any respect, and I expect that there will be an amendment," Butler said after the hearing.

AMR filed for bankruptcy citing untenable labor costs after years of futile attempts to negotiate cost savings from its unionized workforce. It had been the last major U.S. carrier to go through bankruptcy, after its competitors underwent the same process in the last decade.

Wednesday's approval was a key moment in AMR's 16-month odyssey through reorganization under Chapter 11 of the bankruptcy code. Stephen Karotkin, a lawyer for AMR, called Wednesday's hearing a "watershed event" that moves AMR a step closer to exiting bankruptcy.

The airline began its bankruptcy process flatly opposed to merging while still in bankruptcy, but eventually relented to pressure from its creditors' committee, represented by Butler and Jay Goffman, both lawyers at Skadden Arps Slate Meagher & Flom.

US Airways Chief Executive Doug Parker wooed AMR aggressively, taking advantage of AMR's labor relations problems to appeal to its unions.

US Airways hammered out a tentative deal with the unions last April, before formal merger talks between the two companies' management teams had gone into full swing.

The creditors' committee eventually convinced AMR to adopt a protocol to evaluate a merger, and played a large role in analyzing the net savings and benefits from a merger.

AMR's current shareholders are expected to receive a 3.5 percent equity stake in the new firm, which would make it one of the few major bankruptcies in which equity holders earn some recovery.

The Skadden legal team advising the creditors' committee also played a central part in negotiating the new management structure, including the details of Horton's severance package.

Parker will serve as CEO of the combined carrier, while Horton, who became AMR's CEO when it filed for bankruptcy, will serve as chairman of the airline through the first annual meeting of shareholders. After that Parker will take on the chairman role.

The merger is expected to close in the third quarter.

The case is In re AMR Corp et al, U.S. Bankruptcy Court, Southern District of New York, No. 11-15463.

Copyright 2013 Thomson Reuters.

Source: http://feeds.nbcnews.com/c/35002/f/653351/s/2a115a25/l/0L0Snbcnews0N0Cbusiness0Ccourt0Eapproves0Eamerican0Eairlines0Eus0Eairways0Emerger0E2B9117378/story01.htm

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Study: Health law to raise claims cost 32 percent

FILE - In this March 23, 2010 file photo, Marcelas Owens of Seattle, left, Rep. John Dingell, D-Mich., right, and others, look on as President Barack Obama signs the health care bill in the East Room of the White House in Washington. Medical claims costs _ the biggest driver of health insurance premiums _ will jump an average 32 percent for individual policies under President Barack Obama?s overhaul, according to a study by the nation?s leading group of financial risk analysts. Recently released to its members, the report from the Society of Actuaries could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. (AP Photo/J. Scott Applewhite, File)

FILE - In this March 23, 2010 file photo, Marcelas Owens of Seattle, left, Rep. John Dingell, D-Mich., right, and others, look on as President Barack Obama signs the health care bill in the East Room of the White House in Washington. Medical claims costs _ the biggest driver of health insurance premiums _ will jump an average 32 percent for individual policies under President Barack Obama?s overhaul, according to a study by the nation?s leading group of financial risk analysts. Recently released to its members, the report from the Society of Actuaries could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. (AP Photo/J. Scott Applewhite, File)

Map shows projected change in medical claim costs by

(AP) ? A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture ? and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

"Claims cost is the most important driver of health care premiums," said Kristi Bohn, an actuary who worked on the study. Spending on sicker people and other high-cost groups will overwhelm an influx of younger, healthier people into the program, said the report.

The Obama administration challenged the design of the study, saying it focused only on one piece of the puzzle and ignored cost relief strategies in the law, such as tax credits to help people afford premiums and special payments to insurers who attract an outsize share of the sick.

The study also doesn't take into account the potential price-cutting effect of competition in new state insurance markets that will go live Oct. 1, administration officials said.

At a White House briefing Tuesday, Health and Human Services Secretary Kathleen Sebelius said some of what passes for health insurance today is so skimpy it can't be compared to the comprehensive coverage available under the law. "Some of these folks have very high catastrophic plans that don't pay for anything unless you get hit by a bus," she said. "They're really mortgage protection, not health insurance."

Sebelius said the picture on premiums won't start coming into focus until insurers submit their bids. Those results may not be publicly known until late summer.

Another striking finding of the report was a wide disparity in cost impact among the states.

While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

Part of the reason for the wide disparities is that states have different populations and insurance rules. In the relatively small number of states where insurers were already restricted from charging higher rates to older, sicker people, the cost impact is less.

The report did not make similar estimates for employer plans that most workers and families rely on. That's because the primary impact of Obama's law is on people who don't have coverage through their jobs.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."

"Having said that," Foster added, "actuaries tend to be financially conservative, so the various assumptions might be more inclined to consider what might go wrong than to anticipate that everything will work beautifully." Actuaries use statistics and economic theory to make long-range cost projections for insurance and pension programs sponsored by businesses and government. The society is headquartered near Chicago.

Bohn, the actuary who worked on the study, acknowledged it did not attempt to estimate the effect of subsidies, insurer competition and other factors that could offset cost increases. She said the goal was to look at the underlying cost of medical care.

"We don't see ourselves as a political organization," Bohn added. "We are trying to figure out what the situation at hand is."

On the plus side, the report found the law will cover more than 32 million currently uninsured Americans when fully phased in. And some states ? including New York and Massachusetts ? will see double-digit declines in costs for claims in the individual market.

Uncertainty over costs has been a major issue since the law passed three years ago, and remains so just months before a big push to cover the uninsured gets rolling Oct. 1. Middle-class households will be able to purchase subsidized private insurance in new marketplaces, while low-income people will be steered to Medicaid and other safety net programs. States are free to accept or reject a Medicaid expansion also offered under the law.

___

AP White House Correspondent Julie Pace contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/bbd825583c8542898e6fa7d440b9febc/Article_2013-03-27-US-Health-Overhaul-Costs/id-40c501e6e64b440493e74febc620bd88

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HPC People on the Move: More Exodus at Tabor Communications ...

Hello. It?s me again?Dr. Lewey Anton. I?ve been commissioned by insideHPC to track HPC People on the Move. The personnel landscape in HPC continues to ebb and flow out there. And in a small community like this, the company names on the badges may change, but faces remain the same.

Here are the most recent developments:

  • Richard Brandt has left Tabor Communications, the third editor to exit the company in as many months. Brandt took over as editor of HPCwire in February, replacing Michael Feldman, who had been editor of the publication for seven years or so. Feldman is now an analyst at Intersect360 Research.
  • Nicole Hemsoth is now Director of Editorial Operations and Managing Editor HPCwire. Hemsoth was previously the editor of Datanami and HPC in the Cloud, and with her considerable writing chops, she is well-suited to step in at HPCwire.
  • John Kirkley is now a contributing editor at insideBigData. Kirkley left the Digital Manufacturing Report at Tabor Communications last month to reboot?Kirkley Communications.
  • Isaac Lopez is now Managing Editor at Datanami. Previously the publisher of Datanami, Lopez has 11 years in the high technology and publishing industries.
  • Ken Tan has joined Skyera as VP of Operations. Tan is responsible for the worldwide supply chain and manufacturing operations for Skyera as the company ramps its skyHawk series of solid-state storage systems.
  • Susan Lewis has joined Silicon Mechanics as director of product management. Lewis has over 20 years experience in the industry, and her leadership should be a boon for this maker of rackmount servers, storage, and high-performance computing clusters.

Have you moved or know of HPC folks in new positions? Let us know by sending an email to:?[email?protected]?In the meantime, keep up with the HPC community?s movers and shakers by subscribing to insideHPC today.



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Source: http://insidehpc.com/2013/03/27/hpc-people-on-the-move-more-exodus-at-tabor-communications/

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Wednesday, March 27, 2013

PFT: Vikes' Allen had two surgeries on same day

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The 2011 labor agreement included an important provision:? HGH testing is coming to the NFL.? Nearly 20 months later, HGH testing is no closer than it was before the agreement was signed.

The latest evidence comes from the case of Andrus Veerpalu, an Estonian skier whose three-year suspension was overturned by the Court of Arbitration for Sport.? Naturally, the NFL and the NFLPA disagree as to the meaning of the ruling, and the incident has caused Albert Breer of NFL Network to learn that the two sides have scrapped an agreement to conduct a so-called ?population study? aimed at gauging the permissible natural levels of HGH in football players.

The details don?t matter, because neither the NFL nor Congress is willing to do anything more than huff and puff about the union?s refusal to honor the agreement to submit to HGH testing.? As a result, the perception is that neither the NFLPA nor the NFL truly want HGH testing.

Since the day the NFL banned the use of HGH, the prohibition has been enforced via the honor system.? The problem with the honor system? ? It works roughly as well as the rhythm method.? So with no way to test for HGH, players will get caught only if a vial of HGH falls out of their letterman jackets, or if the player?s name pops up in the records of an HGH supplier the government is prosecuting.

Surely, the NFL and the NFLPA realize that, if/when HGH testing begins, plenty of players will be caught.? Which will reduce the supply of healthy players.? In turn, players who quit using HGH will not recover as quickly from injuries, likewise reducing the supply of healthy players.

And it won?t be good for the game if players are busted for using HGH, even though most fans presume that they?re using something to get big, to stay big, and/or to rebound from big hits applied by other big men.

If the NFL truly wanted to force the issue on HGH testing, wouldn?t the league unleash the legal hounds and push the issue in court or via an arbitration?? The players already have agreed to submit to testing, and the NFL has more than enough ammunition to argue that the NFLPA deliberately is dragging its feet.? The idea that the NFL doesn?t want to force players to the needle by court order only goes so far.? At some point, the NFL needs to do more than complain about the NFLPA?s refusal to proceed, or the NFLPA will continue to refuse to proceed.

Likewise, Congress has proven to be impotent on the topic, periodically issuing hollow threats but never taking action.Through it all, the delay has given those who use HGH an opportunity to find better masking agents ? or to develop the next wave of substances that work like HGH but for which testing doesn?t yet exist.

The best news for the NFL, the NFLPA, and Congress is that neither the media nor the fans seem to care that the NFL and the NFLPA have struck a deal to abandon the honor system, but that the honor system has continued to be used for two seasons, and counting.

Source: http://profootballtalk.nbcsports.com/2013/03/26/jared-allen-had-knee-shoulder-worked-on-the-same-day/related/

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Tuesday, March 26, 2013

Nicki Minaj Keeping 'American Idol' Season 13 Return A 'Mystery'

Minaj nicknames herself 'Young Hov' and dishes on her 'Idol' judging gig during a call with reporters.
By Jocelyn Vena


Nicki Minaj
Photo: Jeffrey Mayer

Source: http://www.mtv.com/news/articles/1704321/nicki-minaj-american-idol-return-mystery.jhtml

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Court might sidestep major ruling on gay marriage

WASHINGTON (AP) ? The Supreme Court dove into a historic debate on gay rights Tuesday that could soon lead to resumption of same-sex marriage in California, but the justices signaled they may not be ready for a major national ruling on whether America's gays and lesbians have a right to marry.

The court's first major examination of gay rights in 10 years continues Wednesday, when the justices will consider the federal law that prevents legally married gay couples from receiving a range of benefits afforded straight married people.

The issue before the court on Tuesday was more fundamental: Does the Constitution require that people be allowed to marry whom they choose, regardless of either partner's gender? The fact that the question was in front of the Supreme Court at all was startling, given that no state recognized same-sex unions before 2003 and 40 states still don't allow them.

There is no questioning the emotions the issue stirs. Demonstrators on both sides crowded the grounds outside the court, waving signs, sometimes chanting their feelings.

Inside, a skeptical Justice Samuel Alito cautioned against a broad ruling in favor of gay marriage precisely because the issue is so new.

"You want us to step in and render a decision based on an assessment of the effects of this institution which is newer than cellphones or the Internet? I mean, we do not have the ability to see the future," Alito said.

Indeed, it was clear from the start of the 80-minute argument in a packed courtroom, that the justices, including some liberals who seemed open to gay marriage, had doubts about whether they should even be hearing the challenge to California's Proposition 8, the state's voter-approved gay marriage ban.

Justice Anthony Kennedy, the potentially decisive vote on a closely divided court, suggested the justices could dismiss the case with no ruling at all.

Such an outcome would almost certainly allow gay marriages to resume in California but would have no impact elsewhere.

There was no majority apparent for any particular outcome, and many doubts were expressed by justices about the arguments advanced by lawyers for the opponents of gay marriage in California, by the supporters and by the Obama administration, which is in favor of same-sex marriage rights. The administration's entry into the case followed President Barack Obama's declaration of support for gay marriage.

On the one hand, Kennedy acknowledged the recentness of same-sex unions, a point stressed repeatedly by Charles Cooper, the lawyer for the defenders of Proposition 8. Cooper said the court should uphold the ban as a valid expression of the people's will and let the vigorous political debate over gay marriage continue.

But Kennedy pressed him also to address the interests of the estimated 40,000 children in California who have same-sex parents.

"They want their parents to have full recognition and full status. The voice of those children is important in this case, don't you think?" Kennedy said.

Yet when Theodore Olson, the lawyer for two same-sex couples, urged the court to support such marriage rights everywhere, Kennedy feared such a ruling would push the court into "uncharted waters." Olson said that the court similarly ventured into the unknown in 1967 when it struck down bans on interracial marriage in 16 states.

Kennedy challenged the accuracy of that comment, noting that other countries had had interracial marriages for hundreds of years.

The justice, whose vote usually decides the closest cases, also made clear he did not like the rationale of the federal appeals court that struck down Proposition 8, even though it cited earlier opinions in favor of gay rights that Kennedy had written.

That appeals court ruling applied only to California, where same-sex couples briefly had the right to marry before the state's voters in November 2008 adopted Proposition 8, a constitutional amendment that defined marriage as the union of a man and a woman.

Several members of the court also were troubled by the Obama administration's main contention that when states offer same-sex couples civil union rights of marriage, as California and eight other states do, they also must allow marriage. The other states are: Colorado, Delaware, Hawaii, Illinois, Nevada, New Jersey, Oregon and Rhode Island.

"So a state that has made considerable progress has to go all the way, but at least the government's position is, if the state has done absolutely nothing at all, then it can do as it will," Justice Ruth Bader Ginsburg said.

Chief Justice John Roberts questioned whether gay marriage proponents were arguing over a mere label. "Same-sex couples have every other right. It's just about the label," Roberts said.

In the California case, if the court wants to find an exit without making a decision about gay marriage, it has two basic options.

It could rule that the opponents have no right, or legal standing, to defend Proposition 8 in court. Such an outcome also would leave in place the trial court decision in favor of the two same-sex couples who sued for the right to marry. On a practical level, California officials probably would order county clerks across the state to begin issuing marriage licenses to gay and lesbian couples, although some more conservative counties might object.

Alternatively, the justices could determine that they should not have agreed to hear the case in the first place, as happens a couple of times a term on average. In that situation, the court issues a one-sentence order dismissing the case "as improvidently granted." The effect of that would be to leave in place the appeals court ruling, which in the case of Proposition 8, applies only to California. The appeals court also voted to strike down the ban, but on somewhat different grounds than the trial court.

Reflecting the high interest in this week's cases, the court released an audio recording of Tuesday's argument shortly after it concluded and plans to the do same Wednesday. Tuesday's audio can be found at: http://tinyurl.com/dxefy2a. The last time the court provided same-day audio recordings was during its consideration of Obama's health care law.

Both sides of marriage question were well represented outside the courthouse. Supporters of gay marriage came with homemade signs including ones that read "a more perfect union" and "love is love."

Among the opponents was retired metal worker Mike Krzywonos, 57, of Pawtucket, R.I. He wore a button that read "marriage 1 man + 1 woman" and said his group represents the "silent majority."

Same-sex marriage is legal in nine states and the District of Columbia. The states are Connecticut, Iowa, Maine, Maryland, Massachusetts, New Hampshire, New York, Vermont and Washington.

Thirty states ban same-sex marriage in their constitutions, while ten states bar them under state laws. New Mexico law is silent on the issue.

Polls have shown increasing support in the country for gay marriage. According to a Pew Research Center poll conducted in mid-March, 49 percent of Americans now favor allowing gays and lesbians to marry legally, with 44 percent opposed.

A good part of the give-and-take Tuesday concerned Cooper's argument that the state has a legitimate interest in limiting marriage to heterosexuals since they have the unique ability to have children.

He and Justice Elena Kagan engaged in a lengthy, sometimes humorous, exchange on the topic.

If a state can use the ability to have children as a reason to prohibit same-sex marriage, what about couples over the age of 55? Kagan asked.

"Your Honor, even with respect to couples over the age of 55, it is very rare that both parties to the couple are infertile," Cooper said.

Kagan cut in: "I can just assure you, if both the woman and the man are over the age of 55, there are not a lot of children coming out of that marriage."

At another point, Justice Antonin Scalia, who has dissented in the court's previous gay rights cases, invoked the well-being of children to bolster Cooper's case.

"If you redefine marriage to include same-sex couples, you must permit adoption by same-sex couples, and there's considerable disagreement among sociologists as to what the consequences of raising a child in a single-sex family, whether that is harmful to the child or not," Scalia said.

The California case was argued 10 years to the day after the court took up a challenge to Texas' anti-sodomy statute. That case ended with a forceful ruling prohibiting states from criminalizing sexual relations between consenting adults.

Kennedy was the author of the decision in Lawrence v. Texas in 2003, and he is being closely watched for how he might vote on the California ban. He cautioned in the Lawrence case that it had nothing to do with gay marriage, but dissenting Justice Scalia predicted the decision would lead to the invalidation of state laws against same-sex marriage.

Kennedy's decision is widely cited in the briefs in support of same-sex unions.

The California couples, Kris Perry and Sandy Stier of Berkeley and Paul Katami and Jeff Zarrillo of Burbank, filed their federal lawsuit in May 2009 to overturn the same-sex marriage ban that voters approved the previous November. The ballot measure halted same-sex unions in California, which began in June 2008 after a ruling from the California Supreme Court.

Roughly 18,000 couples were wed in the nearly five months that same-sex marriage was legal and those marriages remain valid in California.

The case is Hollingsworth v. Perry, 12-144.

___

Associated Press writer Jessica Gresko contributed to this report.

___

Follow Mark Sherman on Twitter at: www.twitter.com/shermancourt

Follow Jessica Gresko on Twitter at: www.twitter.com/jessicagresko

Source: http://news.yahoo.com/court-might-sidestep-major-ruling-gay-marriage-200129123--politics.html

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Capote's ashes invited to 'Tiffany's' party

Ron Galella / Getty Images stock

By Randee Dawn, TODAY contributor

It's always nice to have the author whose work a particular play or musical is based on stop by for opening night. But the producers of Broadway's new "Breakfast at Tiffany's" adaptation had a bit of a problem making that happen: writer Truman Capote, whose 1958 novella was the play's inspiration, has been dead since 1984.

That little detail did not stop them, however, from trying.

According to the New York Post, representatives from the play sought out Capote's ashes (owned by late talk show host Johnny Carson's ex Joanne Carson, in whose home Capote died), in the hopes of having them fly cross-country from Bel Air, Calif., to New York for the show's opening night after party. (They would have flown first-class, of course.)

"We did try to get him here," a "Breakfast" rep confirmed to the paper. "Joanne says he always wanted to (see) Holly Golightly open on Broadway, and we thought it would have been poignant for the entire company."

Alas, the fear was that the ashes would not make it back home safely: Over the years they've been reported stolen multiple times, and in any case they would have only have been "half" of Capote, since the other half?of his ashes were scattered along with his late partner's, author Jack Dunphy in 1992.?

"I think ultimately the risk of theft was just too high," added the "Breakfast" rep to the paper, "but he was certainly there in spirit."

As the Post noted, Carson has said that Capote's ashes "were my sanity for ... years. Truman often referred to me as his very own Holly Golightly come to life. He always told me you could be anything you wanted, but whatever happens, never be boring."

In life, as in death, that seems to be true for Capote.

Related content:

Source: http://todayentertainment.today.com/_news/2013/03/25/17454206-truman-capotes-ashes-sought-for-breakfast-at-tiffanys-broadway-party?lite

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Girl, 9, walks to get help after crash kills dad

This video frame curtesy KABC TV Los Angeles shows a crash of an SUV in Action, Calif. on Sunday, March 24, 2013. A 9-year-old girl crawled out of the mangled SUV, climbed out of a canyon and walked about a mile in the middle of the night to find help after surviving the highway crash that killed her father in Southern California, authorities said. (AP Photo/KABC TV) (AP Photo/KABC TV)

This video frame curtesy KABC TV Los Angeles shows a crash of an SUV in Action, Calif. on Sunday, March 24, 2013. A 9-year-old girl crawled out of the mangled SUV, climbed out of a canyon and walked about a mile in the middle of the night to find help after surviving the highway crash that killed her father in Southern California, authorities said. (AP Photo/KABC TV) (AP Photo/KABC TV)

This image from video provided by KABC TV Los Angeles shows a tow truck pulling an SUV out of a ravine after it crashed in Action, Calif. on Sunday March 24,2013. A 9-year-old girl crawled out of the mangled SUV, climbed out of a canyon and walked about a mile in the middle of the night to find help after surviving the highway crash that killed her father in Southern California, authorities said. (AP Photo/KABC TV)

This video frame provided by KABC TV Los Angeles shows a California Highway Patrol officer during an investigation of a crash of an SUV in Action, Calif. on Sunday, March 24, 2013. A 9-year-old girl crawled out of the mangled SUV, climbed out of a canyon and walked about a mile in the middle of the night to find help after surviving the highway crash that killed her father in Southern California, authorities said. (AP Photo/KABC TV)

This Department of Motor Vehicles license photo shows Alejandro Renteria, who's SUV crashed and landed into a ravine in Action, Calif. on Sunday, March 24,2013. Renteria was killed in the crash, but his 9-year-old daughter crawled out of the mangled SUV, climbed out of a canyon and walked about a mile in the middle of the night to find help after surviving the highway crash that killed her father in Southern California, authorities said. (AP Photo/KABC TV)

(AP) ? Law enforcement officials praised the bravery and tenacity of a 9-year-old girl who crawled out of a mangled SUV at the bottom of a remote Southern California canyon and hiked nearly two miles to find help for her father, who was pinned in the driver's seat following a rollover crash.

Celia Renteria was sure her father was still alive when she climbed up the rocky embankment early Sunday, as temperatures dipped into the 40s, said California Highway Patrol Officer Gil Hernandez. When officers responded more than an hour and a half later, they found Alejandro Renteria, 35, was dead.

"She was very courageous, being able to walk through the dark, through bushes and very rough terrain to get help for her dad," Hernandez said. "Had she just waited there, we probably would not have found her until the next day."

The 2010 Ford Escape was launched about 200 feet down into the canyon along an isolated stretch of the Sierra Highway in the high desert of northern Los Angeles County at about 1 a.m. Sunday, the CHP said. The vehicle overturned several times.

Celia managed to extricate herself and walk through rugged terrain to a nearby home, but nobody answered the door, the CHP said. Then she hiked up the embankment and along the road to a commuter rail station in nearby Acton where she flagged down a passing motorist at about 2:30 a.m. Sunday.

In all, she trekked 1 1/2 to 2 miles.

"She walked quite a distance in a very, very threatening environment," CHP Sgt. Tom Lackey told KABC-TV. "It's very steep and it's brushy and there's also coyotes in the background."

A helicopter transported the girl to Children's Hospital Los Angeles. She was treated for minor injuries including bumps and bruises and a cut on her face.

"She's in good condition," Lyndsay Hutchison, a hospital spokeswoman, said Monday. She could not provide any details, citing privacy laws.

On video shot by the family in the hospital, the girl said she was cold and hurt, according to KCBS-TV. She told her family she was saddened to learn her father did not survive the crash.

A coroner's spokesman said Monday that Alejandro Renteria was a resident of the North Hollywood section of Los Angeles.

Television footage showed crews using a long tow cable to remove the severely damaged black SUV from the canyon.

The CHP was investigating whether alcohol played a role in the crash.

Acton is a small town tucked in the mountains between Los Angeles and the Mojave Desert.

___

Associated Press writer Robert Jablon contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-03-25-US-Girl-Survives-Crash/id-a0ee1ea70d8a441e91a24a73e9558162

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Monday, March 25, 2013

Ukrainian capital grapples with snow, scandal

A boy draws on a snow-covered car in Kiev, Ukraine, Saturday, March 23, 2013. Heavy snow storms from the Balkan region have been stricken Ukraine since Friday afternoon, in a last winter attack at the end of the first spring month. (AP Photo/Efrem Lukatsky)

A boy draws on a snow-covered car in Kiev, Ukraine, Saturday, March 23, 2013. Heavy snow storms from the Balkan region have been stricken Ukraine since Friday afternoon, in a last winter attack at the end of the first spring month. (AP Photo/Efrem Lukatsky)

People walk through snowy streets in Kiev, Ukraine, Saturday, March. 23, 2013. Heavy snow storms from the Balkan region have hit Ukraine since last afternoon, in a last attack by winter at the end of the first spring month. The temperature in the Ukrainian capital is about -8 Celsius (18 F) on Saturday.(AP Photo/Sergei Chuzavkov)

A driver shovels snow off his vehicle in Kiev, Ukraine, Saturday, March 23, 2013. Heavy snow storms from the Balkan region have hit Ukraine since last afternoon, in a last attack by winter at the end of the first spring month. The temperature in the Ukrainian capital is about -8 Celsius (18 F) on Saturday.(AP Photo/Sergei Chuzavkov)

People push a car under snowfall in Kiev, Ukraine, Saturday, March 23, 2013. Heavy snow storms from the Balkan region have hit Ukraine since last afternoon, in the last attack by winter at the end of the first spring month. The temperature in the Ukrainian capital is about -8 Celsius (18 F) on Saturday.(AP Photo/Sergei Chuzavkov)

People push a car under snowfall in Kiev, Ukraine, Saturday, March 23, 2013. Heavy snow storms from the Balkan region have been stricken Ukraine since Friday. (AP Photo/Efrem Lukatsky)

(AP) ? Residents of the Ukrainian capital suspect the city is trying to pull a fast one on them about its efforts to clean up from a paralyzing blizzard.

A photo that appeared on the Kiev administration's website Sunday after a snowfall of 20 inches (50 centimeters) shows three snowplows clearing a street.

The trouble is ? the street is actually in Moscow.

Russia's ITAR-Tass news agency said Monday that it was an agency photo taken last November and retouched to remove the name of the snowplows' Russian operator.

Kiev city administration spokeswoman Kateryna Baranova said the photo was a "regrettable technical mistake" but didn't elaborate.

The photo was removed from the site, but not before some frame grabs of it were posted on Facebook, prompting comments such as "shame."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/aa9398e6757a46fa93ed5dea7bd3729e/Article_2013-03-25-EU-Ukraine-Snow-Scandal/id-814459f143d84ed8a4e09124fa792551

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Ted Danson's daughter Kate will appear on a 'CSI' episode

Ted Danson's daughter Kate will star as a lawyer on an April 3 episode, the actress said. According to one report, Ted Danson's daughter will encounter the 'CSI' team after the group finds a serial killer.

By Molly Driscoll,?Staff Writer / March 25, 2013

Ted Danson (l.)'s daughter Kate (r.) will appear in an April episode of 'CSI: Crime Scene Investigation.'

Evan Agostini/Invision/AP

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Ted Danson?s daughter Kate will appear on an episode of her father?s show ?CSI: Crime Scene Investigation,? this April.

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According to Kate Danson, she plays a lawyer who goes up against the CSI team when they?ve made a misstep. A Hollywood Gossip report stated that the incident occurs after a body is found in a rainforest and the team goes to a serial killer?s hideout.

?I was really fortunate to get to work with him on CSI,? she told WENN,??It was so much fun. We never worked together like that. We did a short film together but nothing professional until now, so it was really great going head to head with him? I come pretty hard at my dad and dig into him, which was a lot of fun to play.?

Her episode will air April 3, the actress said.

?I'm hoping it will be a recurring character,? she said.

As previously reported, ?CSI? was recently renewed by its network, CBS, for another season and Danson is signed on for another two years.?

Kate Danson is credited as appearing in the 1989 movie ?Cousins,? which starred her father as a wedding guest named Larry and for which Kate Danson is cryptically credited as ?Wedding Killer Listener.? The actress has also guested on shows such as the 2008 TV series ?Raising the Bar? and the show ?The Protector? as well as the 2010 short film ?The Dinner Party.? She appeared with her stepmother, actress Mary Steenburgen, in a 2011 comedy short titled ?Keepin? It Real Estate? and stars in a short film titled ?Three Forms of Insomnia.?

Danson joined ?CSI? in 2011 and stars as D.B. Russell, a night shift supervisor. The actor was nominated for and won multiple awards for his role as bar owner Sam Malone on the TV series ?Cheers? and for his guest turn on the FX series ?Damages,? respectively.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/Xzb0tG5VYdA/Ted-Danson-s-daughter-Kate-will-appear-on-a-CSI-episode

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Cyprus bailout plan puts eurocrisis back on the front page

The plan to levy a tax on Cypriot deposit holders is sending a chill around the continent, particularly in nations like Spain and Italy that already have troubled banks.

By Robert Marquand,?Staff writer / March 19, 2013

A man walks by graffiti, reading 'troika out' in Greek, in the old city of Nicosia, Cyprus, today. The Cypriot bailout plan, which was backed by the so-called 'troika' of the European Union, the International Monetary Fund, and the European Central Bank, has been met with fury in Cyprus and has sent jitters across financial markets.

Petros Karadjias/AP

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The tiny divided sun-dappled Mediterranean island of Cyprus rarely rides above the radar in European thinking ? but is now suddenly raising a five-alarm panic in the European Union, just as financial crisis talk there was starting to abate.

Skip to next paragraph Robert Marquand

Staff writer

Over the past three decades, Robert Marquand has reported on a wide variety of subjects for?The Christian Science Monitor, including American education reform,?the wars in the Balkans, the Supreme Court, South Asian politics, and the oft-cited "rise of China." In the past 15 years he has served as the Monitor's bureau chief in Paris, Beijing, and New Delhi.?

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Cyprus desperately needs a 10 billion euro ($13 billion) bailout, and to do so the EU has engineered a plan, now being voted on by the Cypriot parliament, to guarantee an EU loan with ? and here is the kicker ? money secured from the banking accounts of private depositors.

Accounts with more than 100,000 euros ($130,000) would be taxed 9.9 percent; those under that marker would be taxed at 6.7 percent. The idea is to raise 5.8 billion euro ($7.5 billion) to ensure against a catastrophic default.

Since the EU in Brussels must approve the plan, and since Germany is on board, this is a fateful example that is sending a chill around the continent, particularly in nations like Spain and Italy that have troubled banks that have been unable to climb out of the pit of debt and exposure.

Whether one calls this measure a tax, a levy, a ?dip? into bank accounts, or a seizure of funds to avert a national disaster, ordinary Europeans interpret the plan as a major Rubicon that has been crossed: Their private accounts can be invaded by the public sector.

?The damage is done,? Louise Cooper, who heads the financial research firm CooperCity in London, told the Associated Press. ?Europeans now know that their savings could be used to bail out banks.?

Though some dispute that the decision entails a realistic threat to American and European bank accounts. In a statement sent to EU correspondents, Andriy Bodnaruk, an assistant professor of finance at the University of Notre Dame Mendoza College of Business, wrote that ?While Cyprus' proposed tax on deposit holders sets a precedent, there is little reason for depositors in Europe or the US to lose sleep."

"...It is highly unlikely (if not improbable) that such policy could ever be forced on depositors in any other EU country, as it would be politically suicidal. Cyprus is a different animal as it is effectively an off-shore area within Europe," he wrote.

The president of Cyprus, Nicos Anastasiades, told his nation on Sunday that he supported the plan as ?the least painful option,? saying that, ?Cyprus is in a tragic situation ? and I bear the political cost for this, in order to limit as much as possible the consequences for the economy and for our fellow Cypriots.?

Michael Steininger wrote yesterday in The Christian Science Monitor that: ??for the first time, at the insistence of the German government, private account holders were being asked to shoulder a part of that [Cyprus] bailout, around 5.8 billion euros ($7.5 billion), through a special levy on their savings."

?The German taxpayer is willing to help Cyprus,? says Michael Fuchs, a member of Parliament for Chancellor Angela Merkel?s Christian Democrats. ?But the Cypriots have to help themselves and pay a tax on their deposits.?

With large Russian offshore accounts in Cyprus, President Vladimir Putin in Moscow called the new tax ?dangerous.?

Banking columnist Peter Gumbel of Time magazine pointed out that:

At the insistence of both the E.U. and the IMF, Cyprus would only receive a bailout if as much as $6 billion of the money could be recouped from bank depositors. That solution was aimed primarily at the Russians and other wealthy depositors, with more than $130,000 in their accounts. But under the terms of the agreement finalized on Friday night, all depositors will take a hit. A one-time levy of 9.9% will be charged on deposits over $130,000, and accounts with less will be charged 6.75%.

A new plan being voted on today in Cyprus would exempt depositors with less than 20,000 euro ($26,000) in their accounts.

Since the advent of what has been called the ?eurocrisis? several years ago ? which has caused a number of governments to fall and occasionally spun the global economy downward ? Europeans have become adroit at halting panic and crisis just as it seems ready to bring a full-scale meltdown.

The crisis was originally sparked by public debt and bad accounting in Greece. But it spread across Europe ? most prominently in Ireland, Portugal, Italy, and Spain ? as bond markets attacked what appeared to be weakness in those economies, due to their inability to devaluate under the single currency.

But the European Central Bank showed this summer and fall that it would go so far as to sidestep its own rules and charter to protect the euro by lending trillions to troubled banks.

Still, as the Associated Press put it in a report today:

?Down the road, the Cyprus precedent, even if quickly reversed, could come back to haunt eurozone policy makers by making depositors less sure about the safety of their money in case of trouble. It could also complicate creation of an EU-wide system of bank deposit insurance, part of long-term efforts to create a more robust financial system and prevent future crises.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/lMS0a1VcR7g/Cyprus-bailout-plan-puts-eurocrisis-back-on-the-front-page

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Kerry in Iraq to press on Iran flights to Syria

(AP) ? U.S. Secretary of State John Kerry is in Iraq on an unannounced visit to urge Iraqi leaders to stop Iranian overflights of arms and fighters heading to Syria and to overcome sectarian differences that still threaten Iraqi stability 10 years after the American-led invasion that toppled dictator Saddam Hussein.

Kerry flew into Baghdad on Sunday from Amman after accompanying President Barack Obama to Israel, the Palestinian Authority and Jordan.

Officials traveling with him said Kerry would press Iraqi Prime Minister Nouri al-Maliki and other senior officials on democratic reforms and directly urge them to stop overflights of Iranian aircraft carrying military personnel and equipment to support the Syrian government as it battles rebels. Iran and Iraq both say the flights are laden with humanitarian supplies, but the U.S. and others believe they are filled with weapons and fighters to help the Assad regime.

The overflights have long been a source of contention between the U.S. and Iraq and Kerry will tell the Iraqis that allowing them to continue will make the situation in Syria worse and ultimately threaten Iraq's stability.

A senior U.S. official said the sheer number of overflights, which occur "close to daily," as well as overland shipments to Syria through Iraq from Iran, was inconsistent with claims they are only carrying humanitarian supplies. The official said it was in Iraq's interest to prevent the situation in Syria from deteriorating further, particularly as there are fears that al-Qaida-linked extremists may gain a foothold in the country as the Assad regime falters.

The official, who spoke on condition of anonymity because she was not authorized to publicly preview Kerry's meetings, said there are clear links between al-Qaida linked extremists operating in Syria and militants who are carrying out terrorist attacks in Iraqi territory with increasing regularity.

A group of fighters in Syria known as Jabhat al-Nusra, a powerful offshoot of al-Qaida in Iraq, has claimed responsibility for most of the deadliest suicide bombings against regime and military facilities and, as a result, has gained popularity among some rebels.

However, the group has alienated secular-minded fighters, which is one reason the U.S. has not equipped the rebels with weapons. The Obama administration designated al-Nusra as a terrorist organization last December

Former Secretary of State Hillary Rodham Clinton secured a pledge from Iraq to inspect the flights last year, but the official said that since then only two aircraft have been checked by Iraqi authorities.

Kerry will tell al-Maliki, a Shiite with close ties to Iran, that Iraq cannot be part of the political discussion about Syria's future until it clamps down on the Iranian shipments, the official said.

As Iraq approaches provincial elections next month, Kerry will also stress the importance of ensuring that all elements of society feel enfranchised, the official said. A recent decision to delay the polls in Anbar and Nineveh provinces is a "serious setback" to Iraq's democratic institutions and should be revisited, the official said.

In addition to al-Maliki, Kerry was seeing Iraqi parliament speaker parliament speaker Osama al-Nujaifi, a Sunni, whose faction is at odds with Maliki's Shiia. Kerry also plans to speak by phone with Massoud Barzani, the head of the Kurdish Regional Government based in Irbil to encourage the Kurds not go ahead with unilateral actions - especially involving oil, like a pipeline deal with Turkey.

He will stress the "importance of maintaining the unity of Iraq," say that "separate efforts undercut the unity of the country" and that "the Kurdish republic cannot survive financially without the support of Baghdad," the official said.

Kerry's visit to Iraq is the first by a U.S. secretary of state since Clinton went in 2009. During Obama's first term, the Iraq portfolio was largely delegated to Vice President Joe Biden.

Kerry's arrival came just three days after the anniversary of the U.S.-led war that began on March 20, 2003, with an airstrike on Dora Farms in southern Baghdad in a failed attempt to kill Hussein.

The invasion and toppling of Hussein sparked years of bloodshed as Sunni and Shiite militants battled U.S. forces and each other, leaving nearly 4,500 U.S. soldiers and more than 100,000 Iraqis dead.

Violence has ebbed sharply since the peak of Sunni-Shiite fighting that pushed the country to the brink of civil war in 2006 and 2007. But insurgents are still able to stage high-profile attacks, and sectarian and ethnic rivalries remain threats to the country's long-term stability.

Earlier this week, an al-Qaida in Iraq front group claimed responsibility nearly 20 attacks that killed 65 people across the country on Tuesday and Wednesday.

The Islamic State of Iraq said it unleashed the car bombs and other explosions to avenge the executions and "massacres" of convicted Sunni inmates held in Iraqi prisons. Its claim came on the 10th anniversary of the start of the war, although it made no reference to the significance of the date.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-03-24-Mideast-Kerry/id-4965828ca3884bd09390aa45d9ee1d28

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