Leading U.S. Democrat Durbin embraces future Medicare reforms

WASHINGTON (Reuters) – Assistant Senate Democratic Leader Dick Durbin, one of U.S. President Barack Obama‘s leading allies, urged fellow liberals on Tuesday to consider reforming the Medicare and Medicaid healthcare programs that they have long fought to shield from cuts.

“Progressives should be willing to talk about ways to ensure the long-term viability of Medicare and Medicaid” programs for the elderly and poor, Durbin said in excerpts of a speech he is to deliver later in the day.

Most Democrats have avoided talking about cutting these two “entitlement” programs, which have been adding to U.S. budget deficits because of the growing numbers of participants and escalating healthcare costs.

Instead, Obama and Democrats in Congress mostly have stressed the need to raise income taxes on the wealthy as part of renewed efforts to reduce budget deficits that have topped $ 1 trillion in each of the past four years.

Lately, Durbin has made high-profile remarks about eventually reducing Medicare and Medicaid costs, just as Republicans have begun talking about raising revenues as part of a tax overhaul effort next year.

On Sunday, Durbin raised the possibility of Democrats accepting Medicare reforms to make higher-income seniors pay more for their care. He made his remarks on ABC’s “This Week” program.

The Illinois senator said, however, that the debate over Medicare and Medicaid should not be part of the more immediate negotiations on averting the “fiscal cliff” of steep tax hikes and spending cuts.

“Meaningful reforms can protect the vulnerable and improve care and efficiency, leaving the programs stronger for future generations,” Durbin said in excerpts of the speech he is to deliver at the Center for American Progress, a liberal think tank.

Durbin’s remarks sought to foster productive talks aimed at averting on January 1 the fiscal cliff, the start of about $ 600 billion worth of tax hikes and automatic spending cuts that could shove the nation into a recession early next year if allowed to go forward.

The key battle pits Republican demands for deep spending cuts against Democrats’ insistence on tax hikes for the wealthiest Americans.

“We can and we should avoid ‘the fiscal cliff’ by acting now – before January 1st – to extend middle class tax cuts for 98 percent of the American people and allow the tax cuts to expire for those earning over $ 250,000 a year,” Durbin said.

Republicans could block any bill that does not extend all tax cuts. But after January 1, with all tax cuts expired, Democrats could draft a bill that cuts taxes only for those earning up to $ 250,000, cranking up pressure on Republicans to go along.

Durbin said decisions on Medicare and Medicaid should not be put off too long.

“Putting the discussions off indefinitely makes our choices harder, our success less likely and negative effects on current beneficiaries a near certainty,” he said.

(Reporting by Thomas Ferraro; Editing by Jackie Frank)

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Global recovery ‘under threat’

27 November 2012 Last updated at 07:41 ET

Decisive policy action is needed to ensure the world is not “plunged back into recession”, according to the OECD.

The Organisation for Economic Co-operation and Development, which represents the world’s richest nations, also lowered its growth forecasts.

The group’s economies will grow by 1.4% next year, rather than the 2.2% forecast in May, it said.

The eurozone recession will also be deeper and more prolonged than previously thought, it added.

The group highlighted the so-called US fiscal cliff and the eurozone debt crisis as the biggest risks to the global economy.

The fiscal cliff refers to spending cuts and tax rises, designed to reduce the US government’s debt levels, that are due to kick in in the new year.

Downgrades

“The world economy is far from being out of the woods,” said the OECD’s secretary general Angel Gurria.

“The US fiscal cliff, if it materialises, could tip an already weak economy into recession, while failure to solve the euro area debt crisis could lead to a major financial shock and global downturn.”

The OECD cut its growth forecast across its 34 members for this year and next. It also revised down sharply its estimate for the eurozone economy, which it now believes will contract by 0.1% in 2013, rather than grow by 0.9% as forecast in May.

The forecast for growth in the UK next year was cut to 0.9%, down from 1.9% previously.

The revised forecasts were published just hours after eurozone finance ministers finally agreed to help debt-ridden Greece.

After hours of late-night negotiations, they agreed to cut the country’s debts by 40bn euros ($ 51bn; £32bn) and have paved the way for releasing the next tranche of much-needed bailout loans.

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Mexican beauty queen killed in shootout

CULIACAN, Mexico (AP) — A 20-year-old state beauty queen died in a gun battle between soldiers and the alleged gang of drug traffickers she was traveling with in a scene befitting the hit movie “Miss Bala,” or “Miss Bullet,” about Mexico’s not uncommon ties between narcos and beautiful pageant contestants.

The body of Maria Susana Flores Gamez was found Saturday lying near an assault rifle on a rural road in a mountainous area of the drug-plagued state of Sinaloa, the chief state prosecutor said Monday. It was unclear if she had used the weapon.

“She was with the gang of criminals, but we cannot say whether she participated in the shootout,” state prosecutor Marco Antonio Higuera said. “That’s what we’re going to have to investigate.”

The slender, 5-foot-7-inch brunette was voted the 2012 Woman of Sinaloa in a beauty pageant in February. In June, the model competed with other seven contestants for the more prestigious state beauty contest, Our Beauty Sinaloa, but didn’t win. The Our Beauty state winners compete for the Miss Mexico title, whose holder represents the country in the international Miss Universe.

Higuera said Flores Gamez was traveling in one of the vehicles that engaged soldiers in an hours-long chase and running gun battle on Saturday near her native city of Guamuchil in the state of Sinaloa, home to Mexico’s most powerful drug cartel. Higuera said two other members of the drug gang were killed and four were detained.

The shootout began when the gunmen opened fire on a Mexican army patrol. Soldiers gave chase and cornered the gang at a safe house in the town of Mocorito. The other men escaped, and the gunbattle continued along a nearby roadway, where the gang’s vehicles were eventually stopped. Six vehicles, drugs and weapons were seized following the confrontation.

It was at least the third instance in which a beauty queen or pageant contestants have been linked to Mexico’s violent drug gangs, a theme so common it was the subject of a critically acclaimed 2011 movie.

In “Miss Bala,” Mexico’s official submission to the Best Foreign Language Film category of this year’s Academy Awards, a young woman competing for Miss Baja California becomes an unwilling participant in a drug-running ring, finally getting arrested for deeds she was forced into performing.

In real life, former Miss Sinaloa Laura Zuniga was stripped of her 2008 crown in the Hispanoamerican Queen pageant after she was detained on suspicion of drug and weapons violations. She was later released without charges.

Zuniga was detained in western Mexico in late 2010 along with seven men, some of them suspected drug traffickers. Authorities found a large stash of weapons, ammunition and $ 53,300 with them inside a vehicle.

In 2011, a Colombian former model and pageant contestant was detained along with Jose Jorge Balderas, an accused drug trafficker and suspect in the 2010 bar shooting of Salvador Cabanas, a former star for Paraguay‘s national football team and Mexico’s Club America. She was also later released.

Higuera said Flores Gamez’s body has been turned over to relatives for burial.

“This is a sad situation,” Higuera told a local radio station. She had been enrolled in media courses at a local university, and had been modeling and in pageants since at least 2009.

Javier Valdez, the author of a 2009 book about narco ties to beauty pageants entitled “Miss Narco,” said “this is a recurrent story.”

“There is a relationship, sometimes pleasant and sometimes tragic, between organized crime and the beauty queens, the pageants, the beauty industry itself,” Valdez said.

“It is a question of privilege, power, money, but also a question of need,” said Valdez. “For a lot of these young women, it is easy to get involved with organized crime, in a country that doesn’t offer many opportunities for young people.”

Sometimes drug traffickers seek out beauty queens, but sometimes the models themselves look for narco boyfriends, Valdez said.

“I once wrote about a girl I knew of who was desperate to get a narco boyfriend,” he said. “She practically took out a classified ad saying ‘Looking for a Narco’.”

The stories seldom end well. In the best of cases, a beautiful woman with a tear-stained face is marched before the press in handcuffs. In the worst of cases, they simply disappear.

“They are disposable objects, the lowest link in the chain of criminal organizations, the young men recruited as gunmen and the pretty young women who are tossed away in two or three years, or are turned into police or killed,” Valdez said.

___

Associated Press Writer E. Eduardo Castillo contributed to this report

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Nokia unveils 2 new cellphone models, priced at $62

HELSINKI (Reuters) – Struggling Finnish cellphone maker Nokia unveiled on Monday two new cellphone models, the Asha 205 and the Asha 206, pricing both models at around $ 62, excluding subsidies and taxes.

Both models will go on sale this quarter.

Nokia unveiled a new Slam feature which allows consumers to share multimedia content like photos and videos with nearby friends almost instantly through Bluetooth connection.

(Reporting By Tarmo Virki)

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Bounce House Injuries Ballooning

Bounce house injuries can quickly deflate a party. And according to a new study, they’re on the rise.

More than 11,300 children were treated for bounce house-related injuries in 2010, double the number from 2008 and 16 times the number from 1995, according to the study published today in the journal Pediatrics.

That “equals a child every 46 minutes nationally,” wrote the authors from the Center for Injury Research and Policy at Nationwide Children’s Hospital in Columbus, Ohio. “This epidemic increase highlights the urgency of addressing the prevention of inflatable bouncer-related injuries among children.”

More than half of the bounce house injuries were fractures, sprains and strains, according to the study, followed by injuries to the head, neck and face. Falling was the most common cause of injury, followed by collisions with other jumpers.

The types of injuries land the colorful castles next to trampolines in terms of safety concerns, according to the study.

“In 2012, the American Academy of Pediatrics reaffirmed its recommendation against any home or other recreational usage of trampolines and recommended use only as part of a structured training program with appropriate safety measures employed,” the study authors wrote. “Policy makers must consider whether the similarities observed in bouncer-related injuries warrant a similar response.”

The reason for the rise in bounce house injuries is unclear, but the study authors suggest a jump in popularity, as well as changes to their design might be to blame.

In June 2011, strong winds lifted three bounce houses off the ground at a youth soccer tournament in Oceanside, N.Y., injuring 13 children.

The study authors say rise in injuries “underscores the need for guidelines for safer bouncer usage and improvements in bouncer design to prevent these injuries among children.”

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Timing of Egypt’s Turmoil Couldn’t Be Worse for Its Economy

Political turmoil in Egypt entered its fourth day Monday, after President Mohammed Morsi’s surprise power-grabbing decree galvanized the opposition and set off rounds of street violence, at a time when the nation needs unity to make difficult economic decisions.

Egypt’s economy was already in trouble, with foreign reserves having fallen 40 percent since the uprising and growth projected to be less than 2 percent this year. Tourism and direct foreign investment have dropped, while unemployment has climbed. Economists say the government needs to tighten spending and devalue the currency—unpopular moves even without angry demonstrators already in the streets.

“Morsi needs political support to institute unpopular economic policies, such as cutting subsidies on fuel or potentially allowing the pound to depreciate against the dollar or the euro,” says Elijah Zarwan, a Cairo-based senior policy fellow at the European Council on Foreign Relations. “The more polarized the situation gets, the more each side escalates, the harder to imagine the kind of consensus-driven compromise that stands the best chance of enduring and producing the political stability that Egypt needs to get its economy back on track.”

Late Thursday night Morsi issued the constitutional declaration stating the president can issue “any decision or measure to protect the revolution,” which is final and immune to appeal in the courts. His declaration also barred the judiciary from dissolving the upper house of parliament or the body tasked with writing the new constitution, both of which are dominated by Islamists. The powers would be in place until new parliamentary elections are held and the constitution is ratified, which are expected only in the spring.

The response was immediate: The fractured opposition united and violent protests—often against the headquarters of Morsi’s political party—erupted across the country. On Sunday the first casualty of the violence was identified in the press as 15-year-old Islam Hamdi Abdel-Maqsood, killed as protesters tried to storm the party offices in the Nile Delta city of Damanhoor.

Both sides announced rallies, scheduled for Tuesday, for and against the decree, ratcheting up pressure on the government and setting the country on another collision course.

The effect of the turmoil on the economy was immediate. In the first day of trading since the decree, Egypt’s benchmark EGX30 stock index dropped 9.59 percentage points on Sunday. The losses were among the biggest since President Hosni Mubarak’s ouster in an 18-day uprising in January 2011.

The crisis could not have come at a worse time, with economists prescribing strong medicine to attack the country’s rising deficits and economic woes.

“We think that Egypt needs a fiscal tightening of 3 percent of GDP to put public finances on a stable footing,” says Neil Shearing, chief emerging markets economist at Capital Economics in London. “Delivering this is going to be extremely difficult against a backdrop of continued civil unrest. The currency remains a difficult issue, too. The pound looks extremely overvalued at present and probably needs to fall by 20 percent or so in order to restore lost competitiveness. But this implies a loss of purchasing power and will be unpopular. Given all the other challenges, devaluation could well be kicked further down the road and dealt with at a later stage.”

One piece of good news was the government’s announcement last week of a preliminary agreement with the IMF for a $ 4.8 billion loan, but this too comes hand-in-hand with steep reforms. As part of the agreement, Egypt should overhaul its energy subsidies, resulting in steep increases in the price of cooking gas and petrol, which would be a deeply unpopular move that again risks bringing people back out into the streets. There is already opposition to the IMF deal, which has been hotly debated since Mubarak’s ouster, and analysts worry that continued political turbulence would either stall the loan or reduce Morsi’s willingness to institute the kind of reform the Egyptian economy needs.

“It feels at the moment like it’s two steps forward and one step back,” says Shearing. “The IMF deal was a major positive development—the sums of money involved won’t cover Egypt’s entire external finance needs over the next couple of years, which is close to $ 20 billion, but it will go a long way toward reversing the immediate threat of the balance of payment crisis, which is very real. If nothing else, the events of the past week illustrate that progress over the next year will be extremely bumpy. Clearly, local politics still matter enormously.”

With three senior advisers already resigning over the decree, Morsi appears to be trying to defuse the situation, and he sought a meeting with senior judges on Monday. A statement on Sunday night from the president’s office said Morsi was committed to “engage all political forces in the inclusive democratic dialogue to reach a common ground.” Protesters, meanwhile, look to be in it for the long haul and have set up an encampment in Tahrir Square, the heart of the uprising that toppled Egypt’s last dictator.

“I think we’ve started to see the first steps toward a compromise that will restore stability in the short term, but that even at the end of that, I think the experience has hurt Morsi in terms of the support of a large segment of the population that was willing to reserve judgment and even among many people who voted for him because they didn’t want to elect a dictator, and it’s going to be difficult for him to recover that support,” Zarwan says.

Finding allies for unpopular economic reform will now be even more daunting, says Zarwan. “Unless he can pull some pretty fat rabbits out of his sleeve fairly quickly, he’s not going to find that kind of broad-based support.”

Topol is a Bloomberg Businessweek contributor.

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UN climate talks open in Qatar

DOHA, Qatar (AP) — U.N. talks on a new climate pact resumed Monday in oil and gas-rich Qatar, where negotiators from nearly 200 countries will discuss fighting global warming and helping poor nations adapt to it.

The two-decade-old talks have not fulfilled their main purpose: reducing the greenhouse gas emissions that scientists say are warming the planet.

Attempts to create a new climate treaty failed in Copenhagen three years ago but countries agreed last year to try again, giving themselves a deadline of 2015 to adopt a new treaty.

A host of issues need to be resolved by then, including how to spread the burden of emissions cuts between rich and poor countries. That’s unlikely to be decided in the Qatari capital of Doha, where negotiators will focus on extending the Kyoto Protocol, an emissions deal for industrialized countries, and trying to raise billions of dollars to help developing countries adapt to a shifting climate.

“We all realize why we are here, why we keep coming back year and after year,” said South Africa Foreign Minister Maite Nkoana-Mashabane, who led last year’s talks in Durban, South Africa. “We owe it to our people, the global citizenry. We owe it to our children to give them a safer future than what they are currently facing.”

The U.N. process is often criticized, even ridiculed, both by climate activists who say the talks are too slow, and by those who challenge the scientific near-consensus that the global temperature rise is at least partly caused by human activity, primarily the burning of fossil fuels like coal and oil.

The concentration of greenhouse gases such as carbon dioxide has jumped 20 percent since 2000, according to a U.N. report released last week.

A recent projection by the World Bank showed temperatures are on track to increase by up to 4 degrees C (7.2 F) this century, compared with pre-industrial times, overshooting the 2-degree target that has been the goal of the U.N. talks.

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Saudi telco regulator suspends Mobily prepaid sim sales

(Reuters) – Saudi Arabia‘s No.2 telecom operator Etihad Etisalat Co (Mobily) has been suspended from selling pre-paid sim cards by the industry regulator, the firm said in a statement to the kingdom’s bourse on Sunday.

Mobily’s sales of pre-paid, or pay-as-you-go, sim cards will remain halted until the company “fully meets the prepaid service provisioning requirements,” the telco said in the statement.

These requirements include a September order from regulator, Communication and Information Technology Commission (CITC). This states all pre-paid sim users must enter a personal identification number when recharging their accounts and that this number must be the same as the one registered with their mobile operator when the sim card was bought, according to a statement on the CITC website.

This measure is designed to ensure customer account details are kept up to date, the CITC said.

Mobily said the financial impact of the CITC’s decision would be “insignificant”, claiming data, corporate and postpaid revenues would meet its main growth drivers.

The firm, which competes with Saudi Telecom Co (STC) and Zain Saudi, reported a 23 percent rise in third-quarter profit in October, beating forecasts.

Prepaid mobile subscriptions are typically more popular among middle and lower income groups, with telecom operators pushing customers to shift to monthly contracts that include a data allowance.

Customers on monthly, or postpaid, contracts are also less likely to switch provider, but the bulk of customers remain on pre-paid accounts.

Mobily shares were trading down 1.4 percent at 0820 GMT on the Saudi bourse.

(Reporting by Matt Smith; Editing by Dinesh Nair)

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Psy’s “Gangnam Style” video becomes YouTube’s most viewed

LOS ANGELES (Reuters) – South Korean rap star Psy‘s music video “Gangnam Style” on Saturday became the most watched item ever posted to YouTube with more than 800 million views, edging past Canadian teen star Justin Bieber‘s 2-year-old video for his song “Baby.”

The milestone was the latest pop culture victory for Psy, 34, a portly rap singer known for his slicked-back hair and comic dance style who has become one of the most unlikely global stars of 2012.

Psy succeeded with a video that generated countless parodies and became a media sensation. He gained more fame outside his native country than the more polished singers in South Korea‘s so-called K-Pop style who have sought to win international audiences.

YouTube, in a post on its Trends blog, said “Gangnam Style” on Saturday surpassed the site’s previous record holder, Bieber’s 2010 music video “Baby,” and by mid-day “Gangnam Style” had reached 805 million views, compared to 803 million for “Baby.” Within a few hours, “Gangnam Style” had gone up to more than 809 million views.

“Gangnam Style” was first posted to YouTube in July, and by the following month it began to show huge popularity on YouTube with audiences outside of South Korea.

“It’s been a massive hit at a global level unlike anything we’ve ever seen before,” said the YouTube blog.

The blog also said the “velocity” of the video’s popularity has been unprecedented for YouTube.

In his “Gangnam Style” video the outlandishly dressed, sunglass-wearing Psy raps in Korean and dances in the style of an upper-crust person riding an invisible horse.

The song is named after the affluent Gangnam District of Seoul and it mocks the rampant consumerism of that suburb. Psy, whose real name is Park Jai-sang, is no stranger to wealth as his father is chairman of a South Korean semiconductor company.

His parents sent him to business school in the United States but he confesses that he bought musical instruments with his tuition money. He later graduated from Berklee College of Music in Boston and won fame in South Korea with his 2001 debut album.

The viral success of “Gangnam Style” on YouTube also has translated into strong record sales. In late September, the song jumped to the top of the British pop charts and it also has sold well in other countries.

Popular parodies of the “Gangnam Style” video included one featuring the University of Oregon’s duck mascot, and another done in the “Star Trek” language Klingon.

The official YouTube view count for Gangnam Style represents only the figure for the original video posted to the site, but copycat versions, parodies and videos by people commenting on the song have been posted to the site and elsewhere on the Web.

Counting all those different versions, “Gangnam Style” and its related videos have more than 2.2 billion views across the Internet, said Matt Fiorentino, spokesman for the online video tracking firm Visible Measures.

“Without the dance, I don’t think it would have been as big as it is,” Fiorentino said. “And the other thing is, Psy has a unique sense of humor which comes through in the video. He doesn’t take himself too seriously.”

(Editing by Barbara Goldberg and Bill Trott)

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Experts say Ireland should clarify abortion laws

DUBLIN (Reuters) – Ireland should allow limited access to abortion by clarifying the conditions under which women can terminate pregnancies, experts have concluded in a report that will fuel a debate which has split the country and led to tensions within the coalition.

Abortion was banned in all circumstances in overwhelmingly Catholic Ireland by a 1983 constitutional amendment, but when the ban was challenged in 1992 by a 14-year-old rape victim, the Supreme Court ruled a termination was permitted when the woman’s life was at risk, including from suicide.

Successive governments have however failed to clarify the conditions under which the mother’s life could be judged to be at risk.

The issue has been highlighted in the past fortnight by the death of an Indian woman in Ireland who was denied an abortion of her dying fetus and later died of blood poisoning.

The death of 31-year-old Savita Halappanavar re-ignited the abortion debate in Ireland and highlighted the lack of clarity in Irish law that leaves doctors in the legally risky position to decide when an abortion can be carried out and, critics say, means their personal beliefs can play a role in their decision.

The European Court of Human Rights said in 2010 that Ireland must clarify its law, a ruling which led to the commissioning of the experts’ report well before the death of Halappanavar.

The report, due to be published on Tuesday, but seen by the Sunday Independent and the Sunday Business Post newspapers, emphasized that a woman is still only lawfully entitled to an abortion in Ireland when there is a real and substantial risk to the life of the mother.

But the panel of experts said an appeal process should be set up for women who have been refused an abortion. The group also says that the minister of health should specify particular centers where terminations can take place.

“Leaving not just medics, but women in a very vulnerable position is no longer an option,” Kathleen Lynch, the Irish republic’s junior minister for disability, equality and mental health told Reuters on Sunday.

“We are going to have to act, and act not just responsibly but as quickly as possible,” she said.

The government has scrambled to stem public criticism of its handling of the Halappanavar case and was forced into an embarrassing u-turn this week when it removed three Galway-based consultants from the health service inquiry following criticism from her husband, Praveen Halappanavar.

A new investigation was opened on Friday, but it was rejected by Halappanavar who wants a public inquiry.

The report comes after a wave of anti-abortion protests and lobbying since the panel of experts was set up in January.

Prime Minister Enda Kenny, whose ruling Fine Gael party made an election pledge not to introduce new laws allowing abortion, said last week he would not be rushed into a decision.

The issue has raised tensions between Fine Gael and the more socially liberal Labour Party, its junior coalition partner, which has campaigned for a clarification of the country’s abortion rules.

“I don’t think that any politician on this particular issue is very overjoyed about any of the options that are available, nevertheless, you have to legislate, that’s your job … we have to make sure this time we get it right,” said Labour’s Lynch.

(Editing by Jon Hemming)

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