Asian shares ease on caution before U.S. elections
















TOKYO (Reuters) – Asian shares fell on Monday, tracking a sell-off in global shares late last week, as investors continued to shed risk ahead of the closely fought U.S. presidential election and looked past a strong U.S. jobs data to fragile economic growth worldwide.


The MSCI index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> fell 0.3 percent after climbing to its highest since October 23 on Friday.













Australian shares <.AXJO> were down 0.4 percent and South Korean shares <.KS11> opened down 0.7 percent.


“There is an absence of upward momentum, but economic data such as U.S. jobs were better than forecast last week, so the main index is expected to remain boxed in range before the U.S. elections,” Cho Sung-joon, an analyst at NH Investment & Securities, said of Seoul shares.


Japan’s Nikkei average <.N225> opened down 0.6 percent after closing at a one-week high on Friday. <.T>


The political uncertainty in the world’s largest economy made investors wary of holdings risk assets, and their safe-haven bids buoyed the U.S. dollar to two-month highs against a basket of major currencies <.DXY> on Monday.


U.S. President Barack Obama and Republican challenger Mitt Romney were neck-and-neck in opinion polls in the final 48 hours before Tuesday’s vote.


Obama’s re-election is perceived as negative for equities, while markets see Romney as stock-friendly, analysts have said.


After the U.S. election, Congress must deal with a “fiscal cliff” – up to $ 600 billion in expiring tax cuts and spending reductions that are set to kick in next year – which threatens to hurt the U.S. economy.


“Investors hate uncertainty, so there will be a sigh of relief when the election is over. Provided there is a clear election result and no change in the divided Congress, then traders and investors will see it as ‘business as usual’,” said Craig James, chief economist at CommSec.


Other key events this week include the Chinese congress starting November8 that will usher in a generational leadership change and policy decisions by the Reserve Bank of Australia and the European Central Bank.


The dollar was also bolstered by a report showing U.S. employers added 171,000 people to their payrolls last month, far above forecasts, and 84,000 more jobs were created in August and September than previously estimated.


Demand for U.S. factory goods also rose in September by the most in over a year, but a gauge of business investment plans showed lacklustre momentum.


The dollar steadied at 80.50 yen, near a more-than-six-month high of 80.68 yen scaled on Friday.


Bullion was undermined by the strong dollar. Spot gold ticked up 0.3 percent to $ 1,680.54 an ounce on Monday after a 2 percent plunge to a two-month low of $ 1,673.94 on Friday.


“For now, the liquidation in gold is likely to leave investors licking gaping wounds rather than focus on the benefits of a gently growing economy especially as it is currently set back in the shadows of the fiscal cliff,” Andrew Wilkinson, chief economic strategist at Miller Tabak & Co said in a note to clients.


Hedge funds and other big speculators shed U.S. commodities by $ 8 billion last week, the biggest weekly drop in nearly six month, with gold seeing the largest outflow of net long money for a second week running.


U.S. crude futures eased 0.1 percent to $ 84.82 a barrel and Brent was down 0.2 percent to $ 105.48.


The euro edged up 0.1 percent to $ 1.2823. It hit a one-month low of $ 1.2816 early in Asia on Monday, undermined by not only the U.S. data but also Friday’s survey showing euro zone October manufacturing shrank for the 15th straight month as output and new orders fell.


Finance chiefs of leading economies gathering in Mexico urged the United States on Sunday to avert a series of spending cuts and tax hikes that could hurt global output, though some countries saw Europe’s debt crisis as the No. 1 danger.


China offered some comforting news on Saturday, with an official survey showing the country’s services sector rebounded in October from a two-year low in September on stronger activity in the construction and retail sectors.


(Additional reporting by Joyce Lee in Seoul and Ian Chua in Sydney; Editing by Michael Perry)


Business News Headlines – Yahoo! News



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Bulgarians use Facebook to expose slipshod police
















SOFIA (Reuters) – Fed up with ineffective law enforcement, thousands of Bulgarians have flocked to a Facebook page showcasing images of police breaking rules or failing to do their duty.


The “Photograph a Policeman” group includes pictures of badly parked patrol cars, including one in a disabled spot and another on a pedestrian crossing, and a police motorcyclist pulling a “wheelie” – on the wrong side of the road.













In another image, a uniformed policeman holds an open bottle of beer while sitting at the wheel of a patrol car.


It highlights frustration among many Bulgarians with a justice system that is subject to special monitoring by the European Union and a country where corruption and organized crime remain major problems five years after joining the bloc.


Created only this week, the group already has nearly 6,500 followers, including several well-known local politicians, journalists and businessmen.


It started after Boyan Maximov, from the Black Sea city of Varna, took a picture of three policemen apparently asleep in a patrol car and posted it on social networks.


Police then questioned Maximov, who complained of harassment and fines for petty offences like taking the rubbish out without an ID card, which under Bulgarian law must be carried in public at all times.


Last week police spokeswoman Kalinka Pencheva called Maximov “a red neck idiot, who has nothing to do and is bored” on local channel bTV. Pencheva has since been sacked but the Facebook page – and the number of pictures – continues to grow.


The interior ministry said it was aware of the page and most of the pictures were old.


“The Interior Ministry’s inspectorate obtained information about the creation of this group and is checking the photos and the comments that have been published,” a spokeswoman said.


(Reporting by Angel Krasimirov, editing by Paul Casciato)


Social Media News Headlines – Yahoo! News



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CBS making $1 million donation to Sandy, announces employee match
















NEW YORK (TheWrap.com) – CBS is making a $ 1 million dollar donation to Hurricane Sandy recovery as part of a wider effort that includes PSAs and matching employee contributions through the end of the year, TheWrap has learned.


CEO Les Moonves announced the company’s Red Cross donation in a letter to employees obtained by TheWrap, in which he thanks CBS staff working in hurricane-stricken parts of the Northeast and details its charitable plans.













Other networks are pitching in as well: ABC is devoting its programming day Monday to fundraising, and its corporate parent, Disney, has donated $ 2 million. Fox’s parent, News Corp., has donated $ 1 million. And NBC is holding a telethon tonight. All of the networks are also making viewers aware of the recovery efforts through means ranging from crawls to PSAs.


Moonves singled out employees from all corners of the company who worked through tough conditions to keep its television and radio stations going.


“I am announcing today that November, the month of Thanksgiving, will be dedicated at all our operations to supporting the Hurricane Sandy relief efforts of the American Red Cross, with whom CBS has a long partnership in times of crisis,” he wrote. “Our local TV and radio stations, and their online counterparts, will work both individually and together… to employ our unique resources to lend additional support to those relief efforts through telethons, phone banks and comprehensive PSA campaigns. Those efforts have already begun, and are expanding as you read this.”


CBS, he noted, is producing special PSAs featuring its stars. The first, with Gary Sinise, aired during “The Big Bang Theory” on Thursday. More will air during football over the weekend.


Additionally, “Entertainment Tonight” is enlisting stars to appear in PSAs that will run in syndication on affiliates of all networks airing the show. CBS will also dedicate billboards to the relief effort.


“There will not be one division of our company that does not contribute to this effort, each in its own way, and in ways to be determined by each,” Moonves wrote.


“As a cornerstone of this month-long drive, CBS Corporation will make a $ 1 million contribution to the American Red Cross,” he added. “In addition, we are also making a commitment to match your individual contributions to any Sandy-related relief efforts by making corresponding additional gifts to the American Red Cross. The match will apply to contributions that may have already been made as well as to new donations through the end of the year.”


TV News Headlines – Yahoo! News



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Nurses Who Saved NICU Babies Remember Harrowing Hurricane Night

























Nurses at the Neonatal Intensive Care Unit at New York University’s Langone Medical Center have challenging jobs, even in the best of times. Their patients are babies, some weighing as little as 2 pounds, who require constant and careful care as they struggle to stay alive.


On Monday night, as superstorm Sandy bore down on Manhattan, the nurses’ jobs took on a whole new sense of urgency as failing power forced the hospital’s patients, including the NICU nurses’ tiny charges, to evacuate.





















“20/20″ recently reunited seven of those nurses: Claudia Roman, Nicola Zanzotta-Tagle, Margot Condon, Sandra Kyong Bradbury, Beth Largey, Annie Irace and Menchu Sanchez. They described how they managed to do their jobs – and save the most vulnerable of lives – under near-impossible circumstances.


On Monday night, as Sandy’s wind and rain buffeted the hospital’s windows, the nurses were preparing for a shift change and the day nurses had begun to brief the night shift nurses. Suddenly, the hospital was plunged into darkness. The respirators and monitors keeping the infants alive all went silent.


For one brief moment, everyone froze. Then the alarms began to ring as backup batteries kicked in. But the coast wasn’t clear – the nurses were soon horrified to learn that the hospital’s generator had failed, and that the East River had risen to start flooding the hospital.




Vanishing America: Jersey Shore Boardwalks Washed Away Watch Video



“Everybody ran to a patient to make sure that the babies were fine,” Nicola Zanzotto-Tagle recalled. “If you had your phone with a flashlight on the phone, you held it right over the baby.”


For now, the four most critical patients – infants that couldn’t breathe on their own – were being supplied oxygen by battery-powered respirators, but the clock was ticking. They had, at most, just four hours before the machines were at risk of failing.


Annie Irache tended to the most critical baby — he had had abdominal surgery just the day before – as an evacuation of 20 NICU babies began.


“[He] was on medications to keep up his blood pressure,” Irache said, “and he also had a cardiac defect, so he was our first baby to go.”


One by one, each tiny infant, swaddled in blankets and a heating pad, cradled by one nurse and surrounded by at least five others, was carried down nine flights of stairs. Security guards and secretaries pitched in, lighting the way with flashlights and cell phones.


The procession moved slowly. As nurses took their careful steps, they carefully squeezed bags of oxygen into the babies’ lungs.


“We literally synchronized our steps going down nine flights,” Zanzotto-Tagle said. “I would say ‘Step, step, step.”


With their adrenaline pumping, the nurses said, it was imperative that they stay focused.


“We’re not usually bagging a baby down a stairwell … n the dark,” said Claudia Roman. “I was most worried about, ‘Let me not trip on this staircase as I’m carrying someone’s precious child, because that would be unforgivable.”


When the medical staff and the 20 babies emerged, a line of ambulances was waiting. A video of Margot Condon cradling a tiny baby as she rode a gurney struck a chord worldwide. But Condon said she had a singular goal.


“I was making sure the tube was in place, that the baby was pink,” she said. “I was not taking my eyes off that baby or that tube.”


Like other nurses, she did not feel panic. Her precious patient helped keep her calm.


Health News Headlines – Yahoo! News



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‘Start-Ups’: A Lifeless Take on Silicon Valley

























In that so-terrible-it’s-great James Bond film A View to a Kill, the diabolical Max Zorin (Christopher Walken) intends to destroy Silicon Valley by means of a man-made earthquake, giving him a monopoly on semiconductor production. If Silicon Valley resembled anything like what was being shown in the first episode of Bravo’s (CMCSA) new reality series Start-Ups: Silicon Valley, I would gladly have been Mr. Zorin’s henchman. When I’m on my deathbed, I won’t be accepting of my demise. I’ll be angry because I’ll know there are 44 minutes owed to me from 2012, minutes lost to this sham of a show.


Here’s the premise of Start-Ups: A half-dozen not-very-bright young things are living in the Bay Area seeking fame and fortune. They all sort of know each other in that manufactured Bravo way. There’s a nod to the idea that “tech” is the central theme, and venture capitalists and angel investors are the means to a lucrative end, but those terms are heard so rarely that they could just as easily have been “record producer,” “Donald Trump,” or “Alaskan crab boat.”





















Reality shows are not Barbara Kopple productions. But if you’re going to distort the truth, manufacture conflict, and present people shallower than a dinner plate from the Kate Hudson Kitchen Kollection, at least be entertaining about it. At least populate it with grotesque exaggerations of almost-humans that I can laugh at and feel superior to. Right?


Start-Ups doesn’t entirely fail in that last regard. Its characters run the gamut from narcissistic idiocy all the way to petty sociopathy. Our cast includes Ben and Hermione Way, a British brother-sister duo who’ve come to California with a DOA startup that sounds identical to existing products like Fitbit and Nike+ (NKE) FuelBand; Sarah, a self-promoting “lifecaster” who does nothing but crash parties and participate in the vapidly dark art of marketing and promotions; Dwight, a coder who claims he has a “Puritan work ethic for work and partying” (I tried to unpack all the ways that statement was wrong but had a seizure before I could finish); Kim, the ambitious self-hating Midwesterner who saw Glengarry Glen Ross but didn’t get the joke; and David, a plastic surgery addict who once worked at Google (GOOG) and has a none-too-shabby degree from Carnegie Mellon in computer science, but who’s primary purpose on the show is to be naked and gay.


All of these people are in Silicon Valley to … well, it’s not really clear what they’re there for, other than to “make it.” There are passing mentions of business plans, and Ben and Hermione do have a disastrous visit with venture capitalist Dave McClure—including ridiculously staging Hermione being “hung over” and taking a nap under the conference table while waiting for McClure to arrive (these kids are just crazy!). But the other 40 minutes of the first episode are taken up with poolside chats, a toga party, some worthless fight between Hermione and Sarah (not even an actual fight, just the detritus of recrimination), and a lot of drinking. Oh, and Ben had a thing with Sarah once, and Kim likes Dwight, and—oh, who cares?


It’s not just that these people are terrible—terrible can be watchable. Villainy can be delightful. But this crew is like a six-pack of nonalcoholic beer: It’s lousy and doesn’t even get you drunk.


Even the most dreadful reality show can still perform the documentary act of exposing viewers to a world different from their own. It may be altered and goosed and heightened, but watching, say, The Real Housewives of Orange County does in fact show you something about life in Orange County. The problem with Start-Ups is that there’s absolutely nothing that’s reflective of the place and culture that is Silicon Valley. And that’s the final shame of it, because someone could do a really interesting take on the Valley and what’s going on there now. After all, it’s a geographic location that is also shorthand for an industry and a scene. And it’s a scene that clearly has captured the attention of young professionals and, to some degree, the general public.


Certain customs and values in Silicon Valley would be worth exploring. There’s the world of venture capital and the people behind those firms who are, to a point, the gatekeepers of success. There are a fair number of extremely educated people who spend day and night in front of a monitor working on the unglamorous task of coding an application. There are massive efforts to recruit talented engineers. There’s the promise of Croesus-like wealth, though of course most startups are destined to go under. (Oh, and one other thing, Bravo: There are some nonwhite people in Silicon Valley, too.) Not that these elements necessarily make for a good reality show. These shows thrive on drama and conflict and broad personalities you can see a mile away. But they also do give you a sense of place. I watched Start-Ups and felt like I could be sitting through any Real World episode that ever aired.


Start-Ups: Silicon Valley is executive produced by Randi Zuckerberg, Mark’s dilettante sister, whose master plan includes hosting a talk show. When it came to this project, Zuckerberg said her role was to “[help] make sure that Bravo could capture the real, authentic Silicon Valley.” Based on the evidence, it would appear that Zuckerberg uses words like “real” and “authentic” about Silicon Valley the same way Taco Bell (YUM) might toss them in when describing a Meximelt.


31fc8  etc stackside45 405inline Start Ups: A Lifeless Take on Silicon ValleyPhotographs courtesy Bravo/NBC


Businessweek.com — Top News



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As foreigners go, Afghan city is feeling abandoned

























KANDAHAR, Afghanistan (AP) — By switching from studying business management to training as a nurse, 19-year-old Anita Taraky has placed a bet on the future of the southern Afghan city of Kandahar — that once foreign troops are gone, private-sector jobs will be fewer but nursing will always be in demand.


Besides, if the Taliban militants recapture the southern Afghan city that was their movement’s birthplace and from which they were expelled by U.S.-led forces 11 years ago, nursing will likely be one of the few professions left open to women.





















Taraky is one of thousands of Kandaharis who are weighing their options with the approaching departure of the U.S. and its coalition partners. But while she has opted to stay, businessman Esmatullah Khan is leaving.


Khan, 29, made his living in property dealing and supplying services to the Western contingents operating in the city. Property prices are down, and business with foreigners is already shrinking, so he is pulling out, as are many others, he said.


Many are driven by a certainty that the Taliban will return, and that there will be reprisals.   


“From our baker to our electrician to our plumber, everyone was engaged with the foreign troops and so they are all targets for the Taliban. And unless the government is much stronger, when the foreign troops leave, that is the end,” Khan said.


The stakes are high. Kandahar, Afghanistan’s second city, is the southern counterweight to Kabul, the capital. Keeping Kandahar under central government control is critical to preventing the country from breaking apart into warring fiefdoms as it did in the 1990s.


“Kandahar is the gate of Afghanistan,” said Asan Noorzai, director of the provincial council. “If Kandahar is secure, the whole country is secure. If it is insecure, the whole country will soon be fighting.”


Even though Kandahar city has traffic jams and street hawkers to give it an atmosphere of normality, there are dozens of shuttered stores on the main commercial street, it’s almost too easy to find a parking space these days, and shopkeepers are feeling the pinch.


Dost Mohammad Nikzad said his profits from selling sweets have dropped by a half or more in the past year, to about $ 30 a day, and he has had to cut back on luxuries.


He said that every month he would buy a new shalwar kameez, the tunic favored by Afghan men; now he buys one every other month.


“I only go out to eat at a restaurant once a week. Before I would have gone multiple times a week,” Nikzad said, as he stood behind his counter, waiting for customers to show.


The measurements of violence levels contradict each other. On the one hand, many Kandaharis say things are better this year. On the other hand, the types of violence have changed and, to some minds, gotten worse.


“Before, we were mostly worried about bomb blasts. Now … we are afraid of worse things like assassinations and suicide attacks,” said Gul Mohammad Stanakzai, 34, a bank cashier.


Prying open the Taliban grip on Kandahar and its surrounding province has cost the lives of more than 400 international troops since 2001, and many more Afghans, including hundreds of public officials who have been assassinated by the Taliban.


Kandahar province remains the most violent in the country, averaging more than five “security incidents” a day, according to independent monitors. In Kandahar city, suicide attacks have more than doubled so far this year compared with the same period of 2011, according to U.N. figures.


“They are not fighting in the open the way they were before. Instead they are planting bombs and trying to get at us through the police and the army,” said Qadim Patyal, the deputy provincial governor.


The Taliban have said in official statements that they are focusing more on infiltrating Afghan and international forces to attack them. In the Kandahar governor’s office, armed Afghan soldiers are barred from meetings with American officials lest they turn on them, Patyal said.


And many point out that the “better security” is only relative. By all measures — attacks, bombings and civilian casualties — Kandahar is a much more violent city now than in 2008, before U.S. President Barack Obama ordered a troop surge.


There are no statistics on how many people have left the city of 500,000, but people are fleeing the south more than any other part of the country, according to U.N. figures. About 32 percent of the approximately 397,000 people who were recorded as in-country refugees were fleeing violence in the south, according to U.N. figures from the end of May.


The provincial government, which is supposed to fill the void left by the departing international forces, has suffered heavily from assassinations. It suffered a double blow in July last year with the killing of Ahmed Wali Karzai, the half-brother of President Hamid Karzai who was seen as the man who made things work in Kandahar, and Ghulam Haider Hamidi, the mayor of the city.


Now, Noorzai says, he can neither get the attention of ministers in Kabul nor trust city officials to do their jobs.


He remembers 2001, when he and others traveled to the capital flying the Afghan flag which had just been reinstated in place of that of the ousted Taliban. “People were throwing flowers and money on our car, they were so happy to have the Afghan flag flying again,” he said.


“When we got power, what did we give them in return? Poverty, corruption, abuse.”


Mohammad Omer, Kandahar’s current mayor, insists that if people are leaving the city, it is to return to villages they fled in previous years because now security has improved.


Zulmai Hafez disagrees. He has felt like a marked man since his father went to work for the government three years ago, and is too frightened to return to his home in the Panjwai district outside Kandahar city. He refused to have his picture taken or to have a reporter to his home, instead meeting at the city’s media center.


“It’s the Taliban who control the land, not the government,” Hafez said. He notes that the government administrator for his district sold off half his land, saying he would not be able to protect the entire farm from insurgents. Many believe the previous mayor was murdered because he went after powerful land barons.


Land reform is badly needed, and the mayor is angry about people who steal land, but he offers no solution. Kandahar only gets electricity about half the day. The mayor says it’s up to the Western allies to fix that. But the foreign aid is sharply down. Aid coming to Kandahar province through the U.S. Agency for International Development, the largest donor, has fallen to $ 63 million this year from $ 161 million in 2011, according to U.S. Embassy figures.


The mayor prefers to talk about investing in parks and planting trees. “I can’t resolve the electricity problem, but at least I can provide a place in the city for people to relax,” he said.


The only people thinking long-term appear to be the Taliban.


“The Americans are going and the Taliban need the people’s support, so they are trying to avoid attacks that result in civilian casualties,” said Noor Agha Mujahid, a member of the Taliban shadow government for Kandahar province, where he oversees operations in a rural district. “After 2014 … it will not take a month to take every place back.”


One of the biggest worries is the fate of women who have made strides in business and politics since the ouster of the Taliban.


“What will these women do?” asked Ehsanullah Ehsan, director of a center that trains more than 800 women a year in computers, English and business. It was at his center where Anita Taraky studied before switching to nursing.


“Even if the Taliban don’t come back, even if the international community just leaves, there will be fewer opportunities for women,” he said.


On the outskirts of the city stands one of the grandest projects of post-Taliban Kandahar — the gated community of Ayno Maina with tree-lined cement homes, wi-fi and rooftop satellite dishes.


Khan, the departing businessman, says he bought bought 10 lots for $ 66,000 in Ayno Maina and has yet to sell any of them despite slashing the price,


He recalled that when he first went to the project office it was packed with buyers. “Now it is full of empty houses. No one goes there,” Khan said.


Only about 15,000 of the 40,000 lots have been sold, and 2,400 homes built and occupied, according to Mahmood Karzai, one of the development’s main backers and a brother of President Karzai. He argues, however, that prices are down all over Afghanistan, and that Ayno Maina is still viable, provided his brother gets serious about reform that will attract investors.


“Afghanistan became a game,” he said over lunch at the Ayno Maina office. “The game is to make money and get the hell out of here. That goes for politicians. That goes for contractors.”


He shrugged off allegations that he skimmed money from Ayno Maina, saying the claims were started by competitors in Kabul who assume everyone who is building something in Afghanistan is also stealing money.


He said the money went where it was needed: to Western-style building standards and security.


In downtown Kandahar, a deserted park and Ferris wheel serve as another reminder of thwarted hopes. Built in the mid-2000s, the wheel has been idle for two years according to a guard, Abdullah Jan Samad. It isn’t broken, he said, it just needs electricity. A major U.S.-funded project to get reliable electricity to the city has floundered and generators that were supposed to provide a temporary solution only operate part-time because of fuel shortages.


“The government should be paying for maintenance for the Ferris wheel,” the guard said. “When you build something you should also make sure to maintain it.”


____


Associated Press Writer Mirwais Khan contributed to this report from Kandahar.


Asia News Headlines – Yahoo! News



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Say Farewell: Apple’s Skeumorphism Hall of Shame [PICS]

























iBooks


Check it out: It’s your own personal bookshelf, much like the one you probably have for your collection at home.


Click here to view this gallery.





















[More from Mashable: Kids Discover a Halloween Without Candy [VIDEO]]


Like the look of stitched leather around your Contacts app? Ever regarded the torn pages in your iCalendar as nostalgic, or are they just antiquated?


Former Apple Human Interface chief Scott Forstall was the man behind iOS and arguably some of these digital imitations called skeumorphisms. Apple‘s skeumorphism use is prevalent throughout many of its apps and interfaces. Forstall created the iOS that we use on our iDevices today. But the interface with which we’ve become so familiar and comfortable may soon see major changes.


[More from Mashable: Chris Rock Is Voting for the Whitest Candidate [VIDEO]]


On Oct. 29, Forstall stepped down from his position after criticism of the latest Apple Maps snafu. Enraged by the loss of the ever-popular Google Maps, customers were not impressed with what they deemed a rushed release. Taking his place is the design genius and iPhone father Jonathan Ive.


A skeuomorph is “an ornament or design representing a utensil or implement” which can be about anything. Take for example the hover effect on Google Chrome tabs, or the raised buttons when hovering over the navbar of most websites. These effects simulate real-world interactions, functions that make sense in the physical world and only lend to aesthetics in the digital realm.


For years Ive had decried the use of skeumorphisms, saying that design is simple and minimalistic (see: iPhone, iPad, iPod, Macbook). Now that he will head the department that oversees iOS development while continuing his role as Apple’s Industrial Design chief, major changes in interface design are surely forthcoming.


Will you miss these wooden/leathery contrivances? Let us know in the comments.


Homepage photo courtesy iStockphoto, Tolimir.


This story originally published on Mashable here.


Tech News Headlines – Yahoo! News



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Colin Firth, Michael Fassbender set for A. Scott Berg adaptation ‘Genius’

























LOS ANGELES (TheWrap.com) – Colin Firth and Michael Fassbender will star in “Genius,” directed by Michael Grandage, with Film Nation handling international sales, the company announced on Thursday.


Based on A. Scott Berg‘s biography “Max Perkins: Editor of Genius,” the tells the story of the relationship between Thomas Wolfe (Fassbender) and editor Max Perkins (Firth), the screenplay is written by John Logan.





















“Genius” will be produced by James Bierman for the Michael Grandage Company, launched at the end of 2011 by Grandage, the former artistic director of London’s Donmar Warehouse. Bierman served as executive producer at Donmar and co-formed MGC with Grandage. MGC is producing Logan’s new play, “Peter and Alice,” to be directed by Grandage, as part of a season of plays in London in Spring 2013.


FilmNation is selling the film at the AFM. CAA will arrange the financing and represent the film’s North American distribution rights. Principal photography is scheduled to start early in 2014.


Movies News Headlines – Yahoo! News



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Painkillers not as addictive as feared: study

























NEW YORK (Reuters Health) – Fewer than five percent of patients prescribed narcotics to treat chronic pain become addicted to the drugs, according to a new analysis of past research.


The finding suggests that concerns about the risk of becoming addicted to prescription painkillers might be “overblown,” said addiction specialist Dr. Michael Fleming at Northwestern University’s Feinberg School of Medicine.





















“If you’re a person that doesn’t have a history of addiction and doesn’t have any major psychiatric problems, narcotics are relatively safe as long as your doctor doesn’t give you too much and uses the right medication,” Fleming, who was not involved in the new study, told Reuters Health.


Some recent research has concluded the same thing, but another expert remained skeptical about the new report because many of the studies it included were not considered the best quality research, and they varied widely in their results.


“I think the jury’s still out” on how worrisome prescription opioid addiction is, said Joseph Boscarino of the Geisinger Clinic in Danville, Pennsylvania, who studies pain and addiction.


Opioid painkillers, which include oxycodone, fentanyl and morphine, have only recently become available for patients with chronic pain, said Boscarino, who was not part of the new study.


In the past, the drugs were almost exclusively reserved for cancer patients and people with short-term pain – on the theory that in the first category of patients the need outweighed the risk, and in the second group, short term use was unlikely to lead to long-term addiction.


“They opened up (to chronic pain patients), and since then there’s been a wave of addiction, especially in the last five years,” Boscarino said.


One recent study found that the number of people diagnosed with a substance abuse problem increased by 70 percent from 2001 to 2009, and doctors suspect the increased popularity of prescription painkillers is a primary driver (see Reuters Health story of October 22, 2012).


Of course, not all these cases reflect patients who are using the drugs as directed – or who even have a prescription to treat chronic pain.


To get a sense of how addictive opioid painkillers are for those patients who do have a prescription, researchers from The Cochrane Collaboration, an independent group that reviews research on medications, collected the results from 17 studies covering more than 88,000 people.


All of the patients had been prescribed opioids to treat chronic pain, and nearly all of them had pain unrelated to cancer.


In 10 of the studies, patients used the painkillers for anywhere from three months to several years, while one study included just short-term use of several days and the others did not report the length of time patients were on the drugs.


Taken together, the studies found that 4.5 percent of people developed a dependency on the painkillers.


“It’s a low percentage,” said Dr. Silvia Minozzi, lead author of the study and a member of the Cochrane Drugs and Alcohol Group in Rome.


Although 4.5 percent was the most common rate of addiction among the studies, Minozzi pointed out there were large differences in the rates each study found – ranging from zero to 31 percent.


For instance, a study by Boscarino and his colleagues that was included in Minozzi’s review found that 25 percent of patients became addicted.


The group of patients Boscarino surveyed had a high rate of alcoholism and illegal drug use, though.


He said the disparities among the various studies could also be a result of how people were surveyed about their behaviors.


“We surveyed the patients about their pain in their homes (where) they were relaxed,” he said. “I think they were more inclined not to try to hide their symptoms.”


Minozzi’s review found that, among the three studies with information on substance abuse, people with a history of drug use were more likely than other patients to develop an addiction to their prescription pain pills.


For most people, addiction “does happen, but it’s not very common,” Fleming told Reuters Health. “But if you give a big bottle of Percocets to someone who has an addiction history, who may or may not be using cocaine and marijuana at the same time, they have pain and maybe they should be treated, but they’re much more likely to get into trouble with that.”


Knowing this can help physicians screen patients to judge who might be the most vulnerable to becoming addicted and get them into the appropriate interventions, he said.


Minozzi noted the fact that her review found a “deficiency of good-quality” studies on this subject, “seems to stand in contrast to the widespread concern of doctors and authorities relating to the prescription of opioids for pain.”


SOURCE: http://bit.ly/U0ye5P Addiction, online October 18, 2012.


Medications/Drugs News Headlines – Yahoo! News



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Comet calls in the administrators


























The electrical retail chain Comet has appointed Deloitte as administrators, putting 6,611 jobs at risk.





















The move confirms private equity firm OpCapita, which bought the 236-store business last year for the nominal sum of £2, has thrown in the towel.


OpCapita hoped to turn the struggling business around, and two weeks ago said it was examining a number of potential bids for the retailer.


Comet’s demise is one of the biggest High Street casualties of recent years.


“Our immediate priorities are to stabilise the business, fully assess its financial position, and begin an urgent process to seek a suitable buyer which would also preserve jobs,” said Neville Kahn, one of the Deloitte partners appointed as joint administrator.


“Comet has been battling the changing landscape of the electrical retail sector for many years. It has become increasingly difficult for it to compete with online retailers which don’t face the same overheads, such as store rents and business rates.”


Tight credit


The electricals chain has been hit hard by the drop and subsequent limp recovery in consumer spending in the UK since 2008, which has been particularly acute in the case of the big items that Comet sells.


Many of Comet’s customers are first-time home-buyers, according to Deloitte, meaning that business has been hurt by the much tighter conditions in the UK mortgage market.


Continue reading the main story
  • Administrators will have to decide whether Comet vouchers and gift cards will be honoured

  • Generally, gift card holders are fairly low on a list of creditors when a business folds

  • Extended warranties are overseen by a separate business so will remain valid. Only if that company ceased trading would a trust fund be set up to meet obligations to customers who hold extended warranties

  • The Comet website is currently out of action


According to Deloitte, the company had been pushed to the brink by a cash drain caused by suppliers who had been unwilling to provide credit to Comet. Without such credit, Comet was unable to stock-up for Christmas.


“The inability to obtain supplier credit for the peak Christmas trading period means that the company had no realistic prospect of raising further capital to build up sufficient stock to allow it to continue trading,” Deloitte said.


The administrator will run the business as a going concern while it assesses options for sales, closures and liquidation.


Mr Kahn said that all stores would continue to trade in the meantime, and all employees would continue to be paid.


On Thursday, Comet said that customers with outstanding orders were being told it was “business as usual until further notice”, and that the group intended to fulfil deliveries of products that had been paid for.


However, when asked on Friday about whether gift vouchers and deliveries would be honoured, Deloitte told the BBC that they “don’t have the answers yet” and it was too early for them to say.


Comet’s customer care team is handling customer inquiries on 0844 8009595.


At 21:00 GMT on Friday, the company’s website was inaccessible – a recurring problem in recent days.


The company’s rivals are expected to benefit from the demise of Comet, with shares in Dixons Retail, which owns PC World and Currys, jumping another 11% after climbing 15% on Thursday.


BBC News – Business



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