Thursday 28 February 2013

Medicare paid $5.1B for poor nursing home care

(AP) ? Medicare paid billions in taxpayer dollars to nursing homes nationwide that were not meeting basic requirements to look after their residents, government investigators have found.

The report, released Thursday by the Department of Health and Human Services' inspector general, said Medicare paid about $5.1 billion for patients to stay in skilled nursing facilities that failed to meet federal quality of care rules in 2009, in some cases resulting in dangerous and neglectful conditions.

One out of every three times patients wound up in nursing homes that year, they landed in facilities that failed to follow basic care requirements laid out by the federal agency that administers Medicare, investigators estimated.

By law, nursing homes need to write up care plans specially tailored for each resident, so doctors, nurses, therapists and all other caregivers are on the same page about how to help residents reach the highest possible levels of physical, mental and psychological well-being.

Not only are residents often going without the crucial help they need, but the government could be spending taxpayer money on facilities that could endanger people's health, the report concluded. The findings come as concerns about health care quality and cost are garnering heightened attention as the Obama administration implements the nation's sweeping health care overhaul.

"These findings raise concerns about what Medicare is paying for," the report said.

Investigators estimate that in one out of five stays, patients' health problems weren't addressed in the care plans, falling far short of government directives. For example, one home made no plans to monitor a patient's use of two anti-psychotic drugs and one depression medication, even though the drugs could have serious side effects.

In other cases, residents got therapy they didn't need, which the report said was in the nursing homes' financial interest because they would be reimbursed at a higher rate by Medicare.

In one example, a patient kept getting physical and occupational therapy even though the care plan said all the health goals had been met, the report said.

The Office of Inspector General's report was based on medical records from 190 patient visits to nursing homes in 42 states that lasted at least three weeks, which investigators said gave them a statistically valid sample of Medicare beneficiaries' experiences in skilled nursing facilities.

That sample represents about 1.1 million patient visits to nursing homes nationwide in 2009, the most recent year for which data was available, according to the review.

Overall, the review raises questions about whether the system is allowing homes to get paid for poor quality services that may be harming residents, investigators said, and recommended that the Centers for Medicare & Medicaid Services tie payments to homes' abilities to meet basic care requirements. The report also recommended that the agency strengthen its regulations and ramp up its oversight. The review did not name individual homes, nor did it estimate the number of patients who had been mistreated, but instead looked at the overall number of stays in which problems arose.

In response, the agency agreed that it should consider tying Medicare reimbursements to homes' provision of good care. CMS also said in written comments that it is reviewing its own regulations to improve enforcement at the homes.

"Medicare has made significant changes to the way we pay providers thanks to the health care law, to reward better quality care," Medicare spokesman Brian Cook said in a statement to AP. "We are taking steps to make sure these facilities have the resources to improve the quality of their care, and make sure Medicare is paying for the quality of care that beneficiaries are entitled to."

CMS hires state-level agencies to survey the homes and make sure they are complying with federal law, and can require correction plans, deny payment or end a contract with a home if major deficiencies come to light. The agency also said it would follow up on potential enforcement at the homes featured in the report.

Greg Crist, a Washington-based spokeswoman for the American Health Care Association, which represents the largest share of skilled nursing facilities nationwide, said overall nursing home operators are well regulated and follow federal guidelines but added that he could not fully comment on the report's conclusions without having had the chance to read it.

"Our members begin every treatment with the individual's personal health needs at the forefront. This is a hands-on process, involving doctors and even family members in an effort to enhance the health outcome of the patient," Crist said.

Virginia Fichera, who has relatives in two nursing homes in New York, said she would welcome a greater push for accountability at skilled nursing facilities.

"Once you're in a nursing home, if things don't go right, you're really a prisoner," said Fichera, a retired professor in Sterling, NY. "As a concerned relative, you just want to know the care is good, and if there are problems, why they are happening and when they'll be fixed."

Once residents are ready to go back home or transfer to another facility, federal law also requires that the homes write special plans to make sure patients are safely discharged.

Investigators found the homes didn't always do what was needed to ensure a smooth transition.

In nearly one-third of cases, facilities also did not provide enough information when the patient moved to another setting, the report found.

___

On the Web:

The OIG report: http://1.usa.gov/VaztQm

The Medicare nursing home database: http://www.medicare.gov/NursingHomeCompare/search.aspx?bhcp=1&AspxAutoDetectCookieSupport=1

___

Follow Garance Burke on Twitter at ?http://twitter.com/garanceburke.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/bbd825583c8542898e6fa7d440b9febc/Article_2013-02-28-Nursing%20Homes-Poor%20Care/id-2429e3a092e643079bc13ea7dfc520ac

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Rape in the Air Force, the Sequester's Immigration Backlash, and Soda Hackers

Behind the?New York Times?pay wall, you only get?10 free clicks?a month. For those worried about hitting their limit, we're taking a look through the paper each morning to find the stories that can make your clicks count.

RELATED: A New Minimum Wage, Frank Lautenberg, and Silicon Valley's Next Political Move

Top Stories:?Virginia Messick, who was raped by her?Air Force training instructor, is the "first victim of a still-unfolding sexual assault scandal at Lackland to speak publicly about what she has endured."?

RELATED: A Robot, Michael B. Oren, and Christina Aguilera

World:?Cardinals "tarnished with accusations that they had failed to remove priests accused of sexually abusing minors" gathered in Rome for the conclave, with no apparent pressure on them to stay home.?

RELATED: The Pope's Legacy, a Buddhist Scandal, and the Science of Violent Video Games

U.S.:?Immigration officials have released hundreds of detainees?in anticipation of spending cuts.

RELATED: Five Best Tuesday Columns

New York:?A controversial mural in the State Education Building, long hidden for fear of offending, is being revealed to the public for one hour once a month.?

RELATED: Luring Teenagers in Oil Country, Google's App Factory, and Indian TV

Business:?The looming sequestration will only increase austerity in a time when federal government is cutting back at "a pace exceeded in the last half-century only by the military demobilizations after the Vietnam War and the cold war."?

Sports: In a Mormon town the Knights of Lone Peak High School, an unlikely looking group of teens who play with a "fearless" style "have not just been beating opponents, they have been crushing them."?

Opinion:?Louise Erdrich on rape in the Native American community.?

Television:?When it comes to TNT's drama Southland?"television watchers can attest that it feels more real than any other cop series at the moment."?

Dining & Wine: ??The culinary world is "hacking" carbonators to make cocktails and other fizzy drinks.?

Source: http://news.yahoo.com/rape-air-force-sequesters-immigration-backlash-soda-hackers-144255365.html

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Wednesday 27 February 2013

GlaxoSmithKline unit joins patent pool for AIDS drugs

LONDON (Reuters) - GlaxoSmithKline's HIV/AIDS drugs business is to share intellectual property rights on children's medicine in a patent pool designed to make treatments more widely available in poor countries.

ViiV Healthcare, majority-owned by GSK, is the second research-based pharmaceutical business to sign up to the new Medicines Patent Pool, following a lead set in 2011 by Gilead Sciences.

Although more than half of people living with the human immunodeficiency virus (HIV) that causes AIDS now get the drugs they need - thanks to a major roll-out of treatment in Africa - an estimated 6.8 million still go without, according to UNAIDS.

The Medicines Patent Pool (MPP), launched in 2010 by the UNITAID health financing system that is funded by a levy on airline tickets, aims to address the remaining gap by getting patent holders to share know-how with makers of cheap generic drugs.

In the case of ViiV, a key pediatric medicine known as abacavir will be made available to generic manufacturers which will be able to take a license to make and sell it in 118 poor countries, the patent pool said on Wednesday.

ViiV and the patent pool have also agreed to negotiate further licenses that will allow generics firms to manufacture low-cost versions of an experimental drug, dolutegravir, that is currently awaiting regulatory approval in Western markets.

There are 3.4 million children living with HIV worldwide but only 562,000 have access to medicines. Treating them is challenging because many drugs are not adapted for use in children.

Abacavir and dolutegravir are both seen as priority products for fighting HIV in poor countries. ViiV also sells other older drugs, some of which are already off patent and available as cheaper generics.

ViiV - which is owned 76.5 percent by GSK, 13.5 percent by Pfizer and 10 percent by Shionogi - only signed up to the patent pool after lengthy negotiations.

Some other major drugmakers have yet to join.

Bristol-Myers Squibb, Roche and privately owned Boehringer-Ingelheim are currently discussing plans to join the scheme, but Abbott, Johnson & Johnson and Merck have so far remained outside.

J&J decided in November to take unilateral action by not enforcing its patents on HIV drug Prezista in a limited number of poor countries, in a move that disappointed campaigners who argued joining the pool would have been more effective.

(Reporting by Ben Hirschler, Editing by Kate Kelland and Mark Potter)

Source: http://news.yahoo.com/glaxosmithkline-unit-joins-patent-pool-aids-drugs-143054011--finance.html

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Oil falls on economic jitters, Italy election

Feb 25 (Reuters) - Leading money winners on the 2013 PGATour on Monday (U.S. unless stated): 1. Brandt Snedeker $2,859,920 2. Matt Kuchar $1,987,000 3. Hunter Mahan $1,412,965 4. John Merrick $1,296,014 5. Phil Mickelson $1,232,760 6. Dustin Johnson $1,200,125 7. Tiger Woods $1,144,000 8. Russell Henley $1,129,080 9. Brian Gay $1,089,181 10. Charles Howell III $1,087,944 11. Jason Day $1,009,164 12. Chris Kirk $990,013 13. Steve Stricker $940,000 14. Josh Teater $870,934 15. Bill Haas $816,300 16. Jimmy Walker $812,620 17. Scott Piercy $789,592 18. Charlie Beljan $785,800 19. ...

Source: http://news.yahoo.com/oil-falls-economic-jitters-italy-election-080856541--finance.html

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Acidophilus and What Can It Be Used to Treat? | Gnet Health and ...

Everyone is aware of acid in the body and how we need it to help our bodies function on a day to day basis. We are also very aware of how bacteria can affect our lives, but of course we may not be experts on the type of bacteria we carry around with us. This feature will look at one particular form of bacteria and how it can be used to treat a number of ailments and its relationship to our bodies.

More about This Bacteria

Its full name is Lactobacillus acidophilus and we have this bacteria naturally in our body. It can be found predominantly in both the intestine and the vagina. This is where the link with acid comes in as it helps to keep an acidic environment internally and protect us from the growth of harmful bacteria. It is in fact, what we call a, ?pro-biotic?.

Where Else Can It Be Found?

Acidophilus naturally occurs in some foods including dairy products, and can be added along with other probiotics in other foods and supplements

What Can It Be Used to Treat?

Acidophilus is very good at protecting women from vaginal yeast infections. The best way to take on an infection is to hit them where they live by inserting the live, beneficial bacteria directly into the vagina. It can also help in yeast infections of the mouth. It brings fast relief from diarrhea caused through the ingestion of antibiotics. Urinary tract infections are another ailment we can treat with this protective bacteria along with parasites. More importantly it can strengthen the whole immune system!

Some experts say this friendly bacteria can help with depression and mood disorders.

You can take Acidophilus as a dietary supplement in capsule form

When you don?t have enough intestinal bacteria, harmful bacteria can take over and cause yeast infections, as well as intestinal problems. The most common way to take acidophilus is through tablets, or yogurt, which contains the live culture. If you have a problem taking the tablets, they can be added to yogurt that does not already contain them. Putting acidophilus to yogurt already containing it can cause a stomach upset.

?

How Does It Work?

Medical experts believe the bacteria works by helping the body to maintain a regular amount of bacteria within the stomach, vagina and intestines. When we have the right amounts then we can rest assured harmful bacteria can be taken care of. When it breaks down, it releases things like hydrogen peroxide creating a poisonous presence to unhealthy creatures in the body. It also plays a huge role in digestion, helping to produce a number of chemicals during the process.

Vitamin K and Lactase are produced by Acidophilus

According to S.K. Dash, author of ?The Consumer?s Guide to Probiotics,? taking probiotic supplements on an empty stomach can be a good thing. However; he also says some bacteria will pass into the intestines even if you take the supplement with food. You would take acidophilus on an empty stomach to prevent the bacteria from being killed by your stomach acid, which has a very high pH.

When you eat, your stomach will expand greatly to find space for the food. This fires off stretch receptors to stimulate production of stomach acid. This is why stomach acid levels are higher after you eat a meal. Taking acidophilus on an empty stomach allows the bacteria to pass through your digestive tract when stomach acid levels are lower.

But remember Lactobacillus acidophilus has not been approved by the FDA so it should not be substituted for prescription medications. It?s always best to talk to your doctor before taking any form of supplement, as like anything else some individuals could possibly suffer from side effects. If already on any form of medication the supplement could also prevent this from working in the way it should. Always be aware of this.

What about Dosage?

According to the professionals at the University of Maryland Medical Centre, a typical dose for treating diarrhea or vaginal infections is 1 to 2 billion colony-forming units each day. People attempting to keep their intestines in tip top shape take 1 to 15 billion colony-forming units every day. Your health store will give you the right advice as in many cases taking one capsule supplement each day can suffice. Again also make sure you talk to your health professional before taking in more of the bacteria.

So people are becoming more aware of what we call friendly bacteria and the great job they can do. These clever microorganisms are vital to the safe functioning of our bodies and are produced naturally. But of course we should be clear in taking supplements are bodies do actually need them. We also know this wonderful bacteria can help cure many ailments. So remember the name as a close friend?

Related posts:

Source: http://www.gnet.org/acidophilus-and-the-body/

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How Million-Dollar Frauds Turned Photo Conservation Into a Mature Science

There are artists, and there are artisans...artists create art, artisans create craft...the yardstick used [in the art world] to differentiate the two is the ability to reproduce the work given the same skills, equipment and environment.

Take for example, two metal workers...both with the same training, equipment, environment and requirements...likely it will be difficult to spot too much of a great difference in the resulting product. Same goes for photography...same camera, settings, direction, time of day, physical location etc...you end up with the same shot (as this article eludes to)....very difficult to tell the difference between two works of craft produced in the same way.

There was an engineer who had an exceptional gift for fixing all things mechanical. After serving his company loyally for over 30 years, he happily retired. Several years later the company contacted him regarding a seemingly impossible problem they were having with one of their multi-million dollar machines. They had tried everything to get the machine to work but to no avail.

In desperation, they called on the retired engineer who had solved so many of their problems in the past. The engineer reluctantly took the challenge. He spent a day studying the huge machine. Finally, at the end of the day, he marked a small "x" in chalk on a particular component of the machine and said, "This is where your problem is." The part was replaced and the machine worked perfectly again. The company received a bill for $50,000 from the engineer for his service. They demanded an itemized accounting of his charges.

The engineer responded briefly: One chalk mark $1; Knowing where to put it $49,999.

It was paid in full and the engineer retired again in peace.

Lines drawn on paper, or light exposed to film or a sensor are simply physical manifestations, just like the chalk mark. And just like the chalk mark, the value, the art comes in knowing where to put it. Where does the person put the lines on the paper? Or for the photographer, what settings does he use on the camera, where does he point it, what time of day does he take the shot, etc.

If you're going to claim photography isn't an art, you might as well claim pianists are not musicians. With other instruments, the musician is in direct contact with the sound-generating medium (either the strings or membranes being vibrated, or the air being blown) and can shape it in nearly an infinite variety of ways. But in a piano, the contact with the strings is entirely mechanical, and the keyboard action is deliberately designed to give each note only two degrees of freedom: How quickly is the hammer moving when it hits the strings? And how long is the note held down? The hammer actually detaches from the action just before it hits the string. So now matter how expressively the pianist caresses the keys, none of that gets converted into sound. The only things that matter are velocity and duration.

Consequently, pianos only have three degrees of freedom - which key(s) you press (frequency), how fast you press it (amplitude), and how long you hold it down (duration). Much, much simpler than a camera. So simple that player pianos have been around since the 1800s. Yet even with that simplicity there is such a broad range of possible expressions that nobody would take you seriously if you tried to claim pianists weren't musicians. Likewise, cameras may be simpler, more discrete to operate than a brush and canvas, but the range of possible expressions is so broad and varied that the final result is indisputably art.

Artisans or craftsmen build things for their utility, their functionality, their usefulness. Artists create things that are pleasing to look at or listen to (and I would argue smell and taste - I know a few chefs and have watched them work, and I consider them artists). Any artist who tries to tell you otherwise is just an art snob trying to marginalize another artist's work.

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/qiz1Wu1QMSQ/story01.htm

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India orders probe into Finmeccanica copter deal

FILE - In this Aug. 5, 2005 file photo, former Indian Air Force chief Shashi Tyagi listens to a question during a press conference at a military air base on the outskirts of Srinagar, India. The country's top investigative agency is looking into the role Tyagi played in a US$750 million helicopter contract marred by reports of bribery. Tyagi and three of his cousins are among 11 people and two companies at the center of a preliminary inquiry announced Monday, Feb. 25, 2013 by the Central Bureau of Investigation. (AP Photo/Rafiq Maqbool, File)

FILE - In this Aug. 5, 2005 file photo, former Indian Air Force chief Shashi Tyagi listens to a question during a press conference at a military air base on the outskirts of Srinagar, India. The country's top investigative agency is looking into the role Tyagi played in a US$750 million helicopter contract marred by reports of bribery. Tyagi and three of his cousins are among 11 people and two companies at the center of a preliminary inquiry announced Monday, Feb. 25, 2013 by the Central Bureau of Investigation. (AP Photo/Rafiq Maqbool, File)

(AP) ? India's top investigative agency is looking into the role a former air force chief played in a $750 million helicopter contract marred by reports of bribery.

Shashi Tyagi and three of his cousins are among 11 people and two companies at the center of a preliminary inquiry announced Monday by the Central Bureau of Investigation. The CBI, India's equivalent of the FBI, is investigating whether kickbacks were paid to steer the contract to Italian defense group Finmeccanica's helicopter division, AgustaWestland.

The inquiry is based on documents that Indian investigators received from Italian authorities following the arrest two weeks ago of Giuseppe Orsi, the CEO of Finmeccanica, in Italy on charges that the company paid bribes in India. Orsi, who has been jailed, denies wrongdoing.

Italian authorities placed AgustaWestland chief Bruno Spagnolini under house arrest.

The inquiry is the first formal step by Indian investigators into allegations that bribes clinched the purchase of 12 helicopters two years ago. India's defense ministry received three of the helicopters in December but has placed the rest of the contract on hold.

The ministry has threatened to cancel the deal unless Finmeccanica gives assurances that no bribes were paid.

People to be questioned by the bureau include Tyagi, his cousins, Orsi and Spagnolini. Tyagi, who led the air force from 2005 until his retirement in 2007, has said he is innocent.

The agency said it would also investigate allegations that three middlemen channeled illegal payments through Tunisia and Mauritius to two India-based companies. Those companies and two Indian men associated with them also are under investigation.

Only after the agency completes questioning the suspects and gathering evidence can it pursue criminal cases.

India is expected to spend $80 billion over the next 10 years to upgrade its military. It has become the world's top arms and defense equipment buyer in recent years due to its concerns about China's growing power in the region and its traditional rivalry with neighbor Pakistan.

Arms deals in India have often been mired in controversy, with allegations that companies have paid millions of dollars in kickbacks to Indian officials to procure lucrative contracts.

In the 1980s, then-Prime Minister Rajiv Gandhi's government collapsed over charges that Swedish gun manufacturer Bofors AB paid bribes to supply Howitzer field guns to the Indian army.

Following the Bofors scandal, India banned middlemen in all defense deals.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-26-India-Finmeccanica/id-aeb746c4715647f7a106b347a599d637

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Burundi tea earnings fall 12.3 pct in January on low volumes

BUJUMBURA (Reuters) - Burundi's tea export earnings fell 12.3 percent in January compared with the same period last year, due to a drop in sales volume, a tea board official said on Wednesday.

The commodity is the country's second-largest hard currency earner after coffee and employs some 300,000 smallholder farmers in a nation of over 8 million people.

The country's state-run tea board (OTB) said it collected $2.20 million from the export of 712,736 kg, down from $2.51 million earned in 2012 from the selling of 934,361 kg.

"Buyers were reluctant (and are) waiting to see the direction of the market as it is just the beginning of the year," said OTB's export official, Remy Ndayininahaze.

"This affected revenues," he told Reuters.

Landlocked Burundi exports 80 percent of its tea through a regional weekly auction held in the Kenyan port city of Mombasa.

OTB said despite worries over next week's Kenyan presidential election, trucks continue to carry tea to the Mombasa port. During the last Kenyan poll key trade routes in east Africa were blocked for several weeks as the post-election violence disrupted trade.

Prices at the regional market were stronger because the year/year export average price per kg for Burundi's tea climbed to $3.10 against $2.69 last year.

Tea export revenues rose sharply to $26.3 million in 2012 from $22.2 million in 2011.

Source: http://news.yahoo.com/burundi-tea-earnings-fall-12-3-pct-january-095241347--sector.html

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Tuesday 26 February 2013

Judge leans toward letting Jackson suit continue

FILE - In this April 27, 2011 file photo, Katherine Jackson poses for a portrait in Calabasas, Calif. A Los Angeles judge indicated Monday, Feb. 25, 2013, that she is inclined to allow a lawsuit by Katherine Jackson against concert giant AEG Live to go to trial on a single claim. (AP Photo/Matt Sayles, File)

FILE - In this April 27, 2011 file photo, Katherine Jackson poses for a portrait in Calabasas, Calif. A Los Angeles judge indicated Monday, Feb. 25, 2013, that she is inclined to allow a lawsuit by Katherine Jackson against concert giant AEG Live to go to trial on a single claim. (AP Photo/Matt Sayles, File)

FILE - In this Monday, Feb. 28, 2005 file photo, Michael Jackson follows his mother, Katherine Jackson, as they arrive for court on the opening day of his child molestation trial at Santa Barbara County Superior Court in Santa Maria, Calif. A Los Angeles judge indicated Monday Feb. 25, 2013 that she is inclined to allow a lawsuit by Katherine Jackson against concert giant AEG Live to go to trial on a single claim. (AP Photo/Marcio Jose Sanchez, File)

(AP) ? A jury should decide whether the promoter of Michael Jackson's final concerts negligently hired and supervised the physician convicted of causing the singer's death, a judge tentatively ruled Monday.

If the ruling stands, it will allow the case by Jackson's mother, Katherine, to go forward and present the theory that concert giant AEG Live controlled the physician who gave the superstar a lethal dose of the anesthetic propofol.

Superior Court Judge Yvette Palazuelos' tentative ruling however eliminates some of Katherine Jackson's claims and an attorney for AEG predicted the company would win at trial.

It is unclear when the ruling will be finalized, or whether the judge will change it. She heard two hours of arguments about the case on Monday but didn't indicate whether her mind had been changed.

AEG attorney Marvin Putnam said he was pleased with the ruling and reiterated his belief that the case should have never been filed.

The case centers on whether AEG did an appropriate investigation of Conrad Murray, a former cardiologist who is serving his sentence after being convicted of the involuntary manslaughter of the pop singer. The case also involves whether AEG controlled him while Jackson prepared for a series of comeback concerts.

Katherine Jackson's attorney, Kevin Boyle, declined comment after the hearing, saying he wanted to see the final order.

He told Palazuelos that AEG created a division of loyalties for Murray between his care of Jackson and maintaining an arrangement that would have paid him $150,000 a month to care for the singer.

Jackson died before Murray's contract was signed, and AEG argues he was not an employee of the company.

"AEG just made this more risky for Michael," Boyle argued Monday.

He said the case was unique and it should proceed intact with claims that AEG is liable for Murray's actions. "This has never happened before, or at least no one's been caught," Boyle said.

Putnam argued that by the time it was negotiating Murray's contract to treat Jackson while performing a series of London concerts, the doctor had already been treating the singer for some time, had relocated from Las Vegas to Los Angeles and had ordered large amounts of propofol to help Jackson sleep.

"Sadly, it appears that Michael Jackson's death would have occurred anyway," Putnam said after the hearing.

Katherine Jackson sued in September 2010 and a trial has been scheduled for early April.

___

Anthony McCartney can be reached at http://twitter.com/mccartneyAP

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-02-25-Jackson-Concert%20Promoter%20Suit/id-7f9e7fe648ad4dbca63a9aaf32b8ee72

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Businesses dropping insurance for spouses, despite large profits

An increasing number of employers are cutting health insurance for spouses. ?Thankfully, the numbers are still quite small, but the increasing numbers of spouses being dropped should be reason for concern.

Besides record corporate profits, the insurance companies have been doing quite well also ? but this move suggests they want even higher profit margins, since spouses who are not working tend to use health insurance more.

Obamacare is a start, but health insurance in the US still needs to undergo a lot more reform to make it work for more Americans. Between the corporatist Democrats and the run of the mill Republicans, there?s little reason to expect additional reform, no matter how badly it?s needed. ?The irony is that America?s health care system is already so much greedier, and less effective, than much of the developed world. ?And businesses, and insurance companies, have the nerve to whine about Obamacare, which still leaves American workers far behind most of western Europe in terms of health coverage overall.

Of course, companies wouldn?t have to pay so much for health care had we only done real reform to our health care system. ?But the Republicans, along with industry stooges like Lieberman and Baucus, said ?no? ? so America and Americans are destined to continue paying far more for less than what the rest of the developed world gets in terms of health care.

And the greedy companies doing this should be publicly excoriated.

Market Watch:

By denying coverage to spouses, employers not only save the annual premiums, but also the new fees that went into effect as part of the Affordable Care Act. This year, companies have to pay $1 or $2 ?per life? covered on their plans, a sum that jumps to $65 in 2014. And health law guidelines proposed recently mandate coverage of employees? dependent children (up to age 26), but husbands and wives are optional. ?The question about whether it?s obligatory to cover the family of the employee is being thought through more than ever before,? says Helen Darling, president of the National Business Group on Health. See: When your boss doesn?t trust your doctor

While surcharges for spousal coverage are more common, last year, 6% of large employers excluded spouses, up from 5% in 2010, as did 4% of huge companies with at least 20,000 employees, twice as many as in 2010, according to human resources firm Mercer. These ?spousal carve-outs,? or ?working spouse provisions,? generally prohibit only people who could get coverage through their own job from enrolling in their spouse?s plan.

Such exclusions barely existed three years ago, but experts expect an increasing number of employers to adopt them: ?That?s the next step,? Darling says. HMS, a company that audits plans for employers, estimates that nearly a third of companies might have such policies now. Holdouts say they feel under pressure to follow suit. ?We?re the last domino,? says Duke Bennett, mayor of Terre Haute, Ind., which is instituting a spousal carve-out for the city?s health plan, effective July 2013, after nearly all major employers in the area dropped spouses.

While businesses and even government workers may be subjected to such cuts, something tells me that the political class will somehow be immune to such changes. Congress has done nothing to cut its own comfortable benefits during their push for austerity, it hardly sounds like a stretch to guess that this latest attempt at gutting the middle class will be avoided.

Source: http://americablog.com/2013/02/despite-record-profits-businesses-dropping-insurance-coverage-for-spouses.html

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Monday 25 February 2013

White House details budget fallout amid blame game

(AP) ? The White House has detailed the potential fallout in each state from budget cuts set to take effect at week's end, while congressional Republicans and Democrats keep up the sniping over who's to blame.

Sen. Claire McCaskill, D-Mo., said on "Fox News Sunday" that there was little hope to dodge the cuts "unless the Republicans are willing to compromise and do a balanced approach."

No so fast, Republicans interjected.

"I think the American people are tired of the blame game," Sen. Kelly Ayotte, R-N.H., said on CBS' "Face the Nation."

Yet just a moment before, she was blaming President Barack Obama for putting the country on the brink of massive spending cuts that were initially designed to be so unacceptable that Congress would strike a grand bargain to avoid them.

The $85 billion budget mechanism could affect everything from commercial flights to classrooms to meat inspections. With Friday's deadline nearing, few in the nation's capital were optimistic that a realistic alternative could be found.

And, yes, those cuts will hurt.

They would slash from domestic and defense spending alike, leading to furloughs for hundreds of thousands of government workers and contractors.

Defense Secretary Leon Panetta has said the cuts would harm the readiness of U.S. fighting forces. Transportation Secretary Ray LaHood said travelers could see delayed flights. Education Secretary Arne Duncan said 70,000 fewer children from low-income families would have access to Head Start programs. And furloughed meat inspectors could leave plants idled.

White House officials pointed to Ohio ? home of House Speaker John Boehner ? as one state that would be hit hard: $25.1 million in education spending and another $22 million for students with disabilities. Some 2,500 children from low-income families would also be removed from Head Start programs.

Officials said their analysis showed Kentucky would lose $93,000 in federal funding for a domestic abuse program, meaning 400 fewer victims being served in Senate Minority Leader Mitch McConnell's home state. Georgia, meanwhile, would face a $286,000 budget cut to its children's health programs, meaning almost 4,200 fewer children would receive vaccinations against measles and whooping cough.

The White House compiled its state-by-state reports from federal agencies and its own budget office. The numbers reflect the impact of the cuts this year. Unless Congress acts by Friday, $85 billion in cuts are set to take effect from March to September.

As to whether states could move money around to cover shortfalls, the White House said that depends on state budget structures and the specific programs. The White House did not have a list of which states or programs might have flexibility.

Republican leaders were not impressed by the state-by-state reports.

"The White House needs to spend less time explaining to the press how bad the sequester will be and more time actually working to stop it," said Michael Steel, a spokesman for Boehner.

___

Follow Philip Elliott on Twitter: https://twitter.com/philip_elliott

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-02-25-US-Budget-Battle/id-9a7fa4d9807c403396f3f48847e2b151

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Sunday 24 February 2013

Microsoft - the latest tech titan to fall victim to hacking

Microsoft confirms the hacking attack, and has joined the list of famous tech companies, which complained of having their systems barged into by cyber criminals. Getting evidence of hacking in its Mac Software business unit, the Redmond based tech giant assures that there is no proof of the customer data being tampered with.

Microsoft hacking

Remember, it was just a while ago that Twitter had said that the online Messaging service, of nearly 250,000 Twitter users had become hacking victims.

Well, Microsoft confirmed on Friday that the company had seen a hacking attack that was similar to the one faced by Facebook and Twitter, the famous social networking sites. Microsoft has not disclosed any other detailed information on the break-in. A while ago, Facebook had also affirmed that systems of some of its employees were compromised, but had not divulged much details.

Microsoft stated that some of its computers in the Mac Software business unit had shown up infected with malware. At the moment the Company is busy investigating the malicious software responsible for this hacking.

Other companies under cyber attack

In the past companies like Apple, Twitter, Facebook and media houses like The Wall Street Journal, and The New York Times have also faced a similar kind of cyber attack due to a vulnerability in Java. The latest to join the bandwagon is Microsoft.

The Company confirmed on Friday on its Security Response Center website that ?During our investigation, we found a small number of computers, including some in our Mac business unit, that were infected by malicious software using techniques similar to those documented by other organizations,? The site further affirms ?We have no evidence of customer data being affected and our investigation is ongoing,?

Trying to reassure its users Microsoft retaliates ?This type of cyber attack is no surprise to Microsoft and other companies that must grapple with determined and persistent adversaries.?

Twitter, after the cyber attack, had requested its users to alter their passwords but had not commented on the source of the attacks.

Apple, The WSJ and The Times have indicated that most such cyber crimes originate from China, a charge the top officials in the country deny vehemently.

Source: http://feedproxy.google.com/~r/tsfeedsfilmy/~3/Em6HBxkienI/microsoft-latest-tech-titan-fall-victim-hacking-id-1701712935.html

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Q&A: Why investors are wary of Italy's elections

(AP) ? Investors are keeping a wary eye on Italy as the country heads to the polls Sunday and Monday to elect a new parliament. They fear that a new government and prime minister could weaken or scrap the economic reforms and budget cuts begun by outgoing Prime Minister Mario Monti during his 15 months in office and hurt Italy's chances of recovering from a decade of low growth.

While the markets are unlikely to punish Italy as they did in 2011-12, they will want to make sure a new government doesn't mean a return to Italy's bad old days.

Here are some questions and answers about this weekend's elections matter for Italy and the rest of Europe.

Q: Why all the worry?

A: Italy's economy ? the third-largest among the 17 European Union countries that use the euro ? has only grown less than a half percent a year on average for a decade. That is compared to 1.25 percent in other rich Western countries. Faster growth is needed to shrink Italy's mounting debt burden, which already equals 127 percent of its annual gross domestic product.

Because of its size, Italy's problems can dent market confidence in the whole eurozone. Doubts about Italy's ability to manage its debt caused markets to question whether the euro could survive in 2011-12.

Q: What's wrong with its economy?

Before it joined the euro in 1999, the country used to give its economy a boost by to devaluing its old currency, the lire ? a trick that used to make its exports cheaper.

Devaluation helped mask underlying problems such as labor rules that favor vested interests such as unions and established workers, which kill off job prospects for younger people; a high business tax burden and heavy cost to businesses from expensive public utilities and red tape.

Italy "remains in dire need of structural reforms to boost competitiveness and improve trend growth," wrote economists Norbert Aul and James Ashley at RBC Capital Markets. They noted that the only economies that have grown more slowly in the past 12 years are Zimbabwe, San Marino, and Portugal.

A growing economy would increase government revenue from business and income taxes and the country's debt.

Q: Where does Monti come into all this?

A: Italy's political parties installed Monti, a former EU commissioner and academic, as prime minister to lead a temporary crisis government of financial experts in November, 2011. His predecessor, Silvio Berlusconi, resigned after high borrowing costs, fed by fears Italy would not pay its debts, threatened the country with financial ruin and rattled confidence in the eurozone.

Monti set about easing some of Italy's anti-business practices, such as labor laws that made it extremely difficult to fire longtime workers. He reduced the budget deficit with the help of an unpopular tax on homes.

Italy's deficit is down to around 3 percent of gross domestic output for last year ? not great, but it complies with the official limit for eurozone members.

However, in January, Monti resigned as Prime Minister after Berlusconi's party withdrew its support and criticized his cutbacks - hence the new elections.

Q: So now the elections are under way, what are investors afraid of?

A: Italy's Byzantine election laws could mean many different outcomes. The worst result would be no party or coalition being able to form a government, leading to new elections.

Researcher Vincenzo Scarpetta at the Open Europe think tank says the probability of this is "very low" but that re-run elections could mean "potentially, huge market pressure, which Italy can hardly afford." This pressure would come in the form of rising interest rates on government debt.

Another possibility could be a parliament so divided that it can't govern effectively, or a shaky coalition of parties with clashing agendas ? meaning that any policies would be the result of endless compromise and back-room deals. A badly split parliament "would surely affect investors' confidence as Italy's political future would remain unclear," said Aul and Ashley.

The return of a government led by Berlusconi's center-right coalition ? regarded as unlikely ? could also dismay markets given his call to repeal Monti's home tax and the lack of confidence markets showed in him in 2011.

Q: What do markets want to see?

A: Analysts say investors seem to be anticipating that the center-left Democratic Party, led by Pier Luigi Bersani will win. Bersani opposes budget austerity but is regarded as not totally against all efforts to improve conditions for business. Markets would like it best if he wins but still needs the seats won by small parties led by Monti to govern. That would mean the government might continue with some of the reforms.

Q: So should we expect market chaos and the eurozone crisis to erupt again?

A: Not right away, no. Italian law requires extensive consultation, so it could take weeks to tell who is in charge. In 2008, it took 24 days for Berlusconi to be sworn in despite a landslide win.

However, an anti-reform result could mean Italy's borrowing costs could rise in the days and weeks following the election.

That would be a sure sign that bond investors are more skeptical of the country's long-term ability to pay.

But it's considered unlikely that the yields would immediately rise to the record levels of last year that threatened to push Italy to default. That is thanks to the European Central Bank, which has done much to calm fears that a country will be unable to pay its debts. In September, the ECB offered to buy unlimited amounts of bonds issued by indebted countries, if they agree to reforms and to cut their deficits. No one has used the program yet but its mere existence has lowered Italy's borrowing costs.

Nonetheless, a new Italian government that rejects reform "will lead to more uncertainty, higher yields and a gradual process toward the situation we had last year," says Carsten Brzeski, an analyst at ING in Brussels.

The big problem is the long-term absence of growth rather than what the markets do next week.

Economists Aul and Ashley warn: "Whichever party ends up in power... needs to focus upon Italy's economic frailties as a matter of priority."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-23-Italy-Election-QandA/id-696cf897c7164ce0aa813bc48cf60be1

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GOP Opposition To Hagel: Personal And Business

The fierce Republican opposition to President Obama's nomination of Chuck Hagel to be defense secretary is personal and business.

The nasty fight long has been seen as a proxy for the never-ending scuffles between Obama and congressional Republicans. Barring any surprises, the drawn-out battle over the former Nebraska senator's nomination probably will end this coming week with his Senate confirmation. Still, his fellow Republicans have roughed him up. A vote is expected on Tuesday.

Senate Republicans also see Hagel as a political heretic for countering President George W. Bush on Iraq and backing a Democrat in last year's Nebraska Senate race.

The business is getting Republicans incumbents re-elected next year. Challenging Obama's nominees and policies has improved senators' standing with the conservative base as they fear tea party challenges.

Source: http://www.wowt.com/home/headlines/GOP-Opposition-to-Hagel-Personal--Business-192708081.html

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College basketball: California Golden Bears hold off Oregon State

PORTLAND, Ore.-- Cal coach Mike Montgomery didn't necessarily like how the Golden Bears had to outlast Oregon State, but he liked the bottom line.

"Hey, it shows up on the left side of the column and that's what you want," Montgomery said.

Justin Cobbs had 18 points and surging California won its fifth straight game by holding off a late Beavers' rally for a 60-59 victory on Saturday.

California (18-9, 10-5 Pac-12) has won seven of its last eight games, including victories over then-No. 7 Arizona and No. 23 Oregon.

The Golden Bears are suddenly sneaking up the Pac-12 rankings, joining Arizona, Oregon and UCLA, and positioning themselves for a possible NCAA tournament berth with three games left.

"We're gonna need a little help," said freshman guard Tyrone Wallace, who had 11 points against the Beavers. "But everybody's on the right tract, and we know what it's gonna take."

The Golden Bears led by as many as 14 points but Oregon State cut it to 45-42 on Joe Burton's layup with 8:32 left in the game. The Beavers (13-15, 3-12) stayed within reach and Devon Collier's layup cut Cal's lead to 58-55 with 1:47 left.

Justin Cobbs hit a jumper from atop the key for California before Collier made four straight free throws to come within 60-59 with 43 seconds left.

With 10 seconds left, Cobbs missed a jumper out front. But Ahmad Starks' 3-point attempt missed with a second left on the clock to end it.

Burton,

a senior playing his last game at Gill Coliseum, had 15 points, nine rebounds and seven assists.

Afterward, he was emotional, thanking both his family and the fans for coming to the game.

"We gave them a good show -- to the very end," Burton said.

The Golden Bears were coming off a 48-46 victory over the Ducks in Eugene on Thursday. Cobbs' jumper with less than a second to play won it for Cal.

The Beavers (13-15, 3-12) were coming off an 82-72 loss to Stanford on Thursday. Oregon State has lost three straight.

Oregon State went ahead 8-7 early on Eric Moreland's tip-in, but Cobbs answered with a 3-pointer to give Cal back the lead and spark a 15-0 run that extended the Bears' lead to 22-8 midway through the first half.

Roberto Nelson's 3-pointer for the Beavers narrowed the gap to 27-20 with 1:29 left, but Cal led 29-20 at the break. It was the fewest first-half points for Oregon State this season.

Tyrone Wallace's dunk put Cal up 33-20, but the Beavers chipped away and pulled to within 35-26 after Olaf Schaftenaar's 3-pointer. Joe Burton hit consecutive layups before Nelson's basket narrowed the gap to 37-32 with 13:24 to go.

Roberto Nelson's layup and free throw closed Oregon State to within 43-40 with 9:25 left.

"They clogged it up for us and we weren't able to get shots we usually get," Cobbs said.

Oregon State coach Craig Robinson said the final play went as planned, with the Beavers planning to go to either Nelson or Starks. Nelson was covered, and Starks' shot just didn't fall.

"That last play -- as long as they don't turn it over -- they can't get it wrong," Robinson said.

The Beavers honored Burton before the game. The 6-foot-7, 295-pound big man was the first player Robinson signed when he became coach at Oregon State and he has been a fan favorite ever since.

Both Robinson and Burton wiped tears from their eyes during the pregame ceremony with Burton's family.

The Beavers wore their special turquoise uniforms to honor Burton's Native American heritage. The uniforms, which the Beavers had never worn during a conference game, are part of Nike's N7 program to bring fitness to Native American communities.

When asked to describe his emotions, Burton bowed his head.

"Just the guys on this team. Just playing basketball with these guys. I've been playing basketball with these guys for five, six years," he said.

The Beavers finish out the regular season with games on the road against Oregon, Utah and Colorado. The Golden Bears have three straight at home, versus the Utes, the Buffaloes and Stanford.

Source: http://www.mercurynews.com/cal-bears/ci_22655422/college-basketball-california-golden-bears-hold-off-oregon?source=rss

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Authorities: Report of gunman at MIT was a hoax

BOSTON (AP) ? Authorities say a report of a gunman on the Massachusetts Institute of Technology campus was a hoax and there is no threat to public safety.

Cambridge police said Saturday that officers searched for a man reported to be carrying a long rifle and wearing body armor but found nothing. A spokeswoman says the university called off a campus-wide lockdown.

State police spokesman David Procopio says the report of a gunman turned out to be a hoax.

Spokesman Dan Riviello says Cambridge police received the tip in an electronic chat message, but witnesses on the scene eventually contradicted it.

About 11,000 people attend the prestigious school outside Boston where students are famous for their smarts as well as their stunts, including once putting a police car on top of a domed campus building.

Source: http://news.yahoo.com/authorities-report-gunman-mit-hoax-165842690.html

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Friday 22 February 2013

Israel-Palestinian Oscar 'Battle'

Israel-Palestinian Oscar 'Battle' | www.foxreno.com

The conflict between Israel and the Palestinians is the subject of two documentaries competing in the Best Documentary category at Sunday's Oscars.

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Source: http://www.foxreno.com/videos/news/israel-palestinian-oscar-battle/vrQ9F/

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Chesapeake fourth quarter profit tops Street, shares rise

(Reuters) - Chesapeake Energy Corp reported fourth-quarter profit that topped Wall Street estimates on Thursday, helped by lower-than-expected expenses and more profitable oil production.

Shares of Chesapeake rose nearly 2 percent to $20.60 before the start of regular trading.

The earnings report came a day after Chesapeake said an internal investigation of the financial dealings of its outgoing chief executive, Aubrey McClendon, found no "intentional" wrongdoing.

McClendon is stepping down in April following a tumultuous year during which the company faced a liquidity crunch and a governance crisis. Now Chesapeake's board and big shareholders are working to rein in spending, pay down debt and increase production of more profitable oil.

McClendon, who founded the company in 1989, was not quoted in the earnings release as he typically is.

Phil Weiss, an analyst with Argus Research, said expenses in a number of areas came in below his projections while cash flow was higher than he anticipated.

General and administrative expenses fell to $99 million in the quarter from $138 million a year earlier.

"Costs are moving in the right direction on both general and administrative and production expense," analysts at Tudor Pickering Holt & Co said in a note to clients.

The Oklahoma City, Oklahoma, company said profit fell to $257 million, or 39 cents per share, in the fourth quarter, from $429 million, or 63 cents per share, in the same period a year earlier.

Excluding items, Chesapeake's profit came to 26 cents per share. Analysts, on average, had expected 14 cents, according to Thomson Reuters I/B/E/S.

Chesapeake said production of crude oil and natural gas liquids rose 39 percent to 147,500 barrels per day, while overall output rose 9 percent.

The U.S. Securities and Exchange Commission is examining McClendon's financial transactions, while the Department of Justice and the attorney general in Michigan are investigating whether Chesapeake violated antitrust laws.

A series of Reuters investigations last year triggered civil and criminal probes into the second-largest U.S. producer of natural gas. Big shareholders Carl Icahn and Southeastern Asset Management took control of the board in June after McClendon was stripped of the chairman job.

(Editing by Jeffrey Benkoe)

Source: http://news.yahoo.com/chesapeake-energy-posts-lower-quarterly-profit-122221528--finance.html

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Thursday 21 February 2013

Cabot Oil & Gas Reports 27% Increase in Proved Reserves in 2012

Cabot Oil & Gas Corporation (NYSE: COG) today reported year-end 2012 proved reserves of 3.8 trillion cubic feet equivalent (Tcfe), an increase of 27 percent over year-end 2011. This is 100 percent organically generated growth and represents the third consecutive year of reserve growth exceeding 20 percent, after adjusting for the sale of its Rocky Mountain properties in 2011. Total reserve replacement from all sources was 417 percent at a finding cost of $0.87 per thousand cubic feet equivalent (Mcfe). "In spite of a 33 percent decrease in the benchmark natural gas price used in calculating proved reserves in 2012, we grew year-end proved reserves significantly without an increase to our PUD percentage," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "Our all sources finding cost of $0.87 per Mcfe is our lowest in 15 years and further highlights the capital efficiency of our portfolio."?

Cabot's reserve growth was primarily driven by its drilling programs in the Marcellus Shale, Eagle Ford Shale and Marmaton oil play, which resulted in 926.8 billion cubic feet equivalent (Bcfe) of additions for the year. The Company

See full press release

Posted in: News, Guidance, Contracts, Asset Sales, Management, M&A

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Source: http://feeds.benzinga.com/~r/benzinga/~3/KhAtyrLfNvU/cabot-oil-gas-reports-27-increase-in-proved-reserves-in-2012

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Kris Jenner to Daughters: Make Me Rich!

Source: http://www.thehollywoodgossip.com/2013/02/kris-jenner-to-daughters-make-me-rich/

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