The Cost-Control Illusion
The Cost-Control Illusion
The Cost-Control Illusion
Above all other reasons, voters who oppose ObamaCare cite their fear over costs: They think it will cause their insurance premiums to soar and result in far higher taxes to fund a vast new entitlement. #xThe public is right on both counts, which is why White House smokejumpers have been dispatched to put out this fire as the final votes approach.
Let's take their claims one by one,State Flags as a public service while everyone else focuses on the whip count.
A new entitlement can "save" money. That was the main thrust of a recent Washington Post op-ed by White House aides Peter Orszag and Nancy-Ann DeParle. The plan "more than meets the president's commitments that health-insurance reform not add a dime to the deficit," they write.
It's true that the Congressional Budget Office estimates that the Senate version of ObamaCare would reduce the deficit by $118 billion over 10 years. But even that number was concocted by budget gimmicks, such as using 10 years of new taxes to fund six years of benefits, as Wisconsin Republican Paul Ryan showed at the White House health summit. #xMr. Orszag says this doesn't matter because CBO says the bill will save some $1 trillion in the second decade too.
In fact, CBO is careful to stress that it doesn't really know "because the uncertainties involved are simply too great" over such a long time period. CBO also says that the new entitlement will grow by 8% a year, State Flagseven as Medicare and Medicaid grow by similar magnitudes and overall federal spending is already at 25% of GDP. If this new entitlement actually "saves" money, it will be the first in history.
Insurance premiums will fall. Dan Pfeiffer,登车桥, Mr. Obama's communications director, took to the White House blog to claim that the plan "will make insurance more affordable by providing the largest middle class tax cut for health care." So subsidies are really tax cuts?
Insurance subsidies are transfer payments in which government takes money out of the private economy and gives it to someone else. Subsidies thus put an even larger share of health-care spending in government hands.#x When you subsidize something, you get more of it, which means higher demand for insurance and health-care services. State FlagsCombine this with new mandates that have raised costs in every state where they have been tried, and you will get higher premiums.
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The Cost-Control Illusion
The Cost-Control Illusion
The Cost-Control Illusion
Above all other reasons, voters who oppose ObamaCare cite their fear over costs: They think it will cause their insurance premiums to soar and result in far higher taxes to fund a vast new entitlement. #xThe public is right on both counts, which is why White House smokejumpers have been dispatched to put out this fire as the final votes approach.
Let's take their claims one by one,Fire hose,State Flags as a public service while everyone else focuses on the whip count.
A new entitlement can "save" money. That was the main thrust of a recent Washington Post op-ed by White House aides Peter Orszag and Nancy-Ann DeParle. The plan "more than meets the president's commitments that health-insurance reform not add a dime to the deficit," they write.
It's true that the Congressional Budget Office estimates that the Senate version of ObamaCare would reduce the deficit by $118 billion over 10 years. But even that number was concocted by budget gimmicks, such as using 10 years of new taxes to fund six years of benefits, as Wisconsin Republican Paul Ryan showed at the White House health summit. #xMr. Orszag says this doesn't matter because CBO says the bill will save some $1 trillion in the second decade too.
In fact, CBO is careful to stress that it doesn't really know "because the uncertainties involved are simply too great" over such a long time period. CBO also says that the new entitlement will grow by 8% a year, State Flagseven as Medicare and Medicaid grow by similar magnitudes and overall federal spending is already at 25% of GDP. If this new entitlement actually "saves" money, it will be the first in history.
Insurance premiums will fall. Dan Pfeiffer, Mr. Obama's communications director, took to the White House blog to claim that the plan "will make insurance more affordable by providing the largest middle class tax cut for health care." So subsidies are really tax cuts?
Insurance subsidies are transfer payments in which government takes money out of the private economy and gives it to someone else. Subsidies thus put an even larger share of health-care spending in government hands.#x When you subsidize something, you get more of it, which means higher demand for insurance and health-care services. State FlagsCombine this with new mandates that have raised costs in every state where they have been tried, and you will get higher premiums.
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Glenn Beck Finally Gets Around To Denouncing Bruce
Glenn Beck Finally Gets Around To Denouncing Bruce Springsteen
Glenn Beck Finally Gets Around To Denouncing Bruce Springsteen
You wouldn't think this was possible, but Glenn Beck had apparently never actually sat down and listened to Bruce Springsteen's "Born In The USA," never heard the lyrics, #xnever formed a familiarity with the song's storied history in American politics, until this week, I guess? Anyway,Vintage jerseys now that he's heard that the song isn't some glorious tongue-bath to American exceptionalism, he's denouncing it on the radio. Per Lindsay Beyerstein:
Twenty-six years after the release of Bruce Springsteen's hit song, "Born in The USA," conservative talk show host/performance artist Glenn Beck finally got around to listening to the lyrics. Vintage jerseys
Beck was shocked,#x shocked to discover that for all these years he'd been rocking out to a song about a bitter down-and-out Vietnam vet who has been kicked to the curb by the aforementioned USA.
BECK: You get filled with patriotic pride, and then you find out that Bruce Springsteen's 'Born In The U.S.A.' is anti-American. 'Born down in a dead man's town/ the first kick I took is when I hit the ground/ you end up like a dog that's been beat too much/ so you spend half your life just covering up...' [He reads the entire lyrics in an incredulous tone of voice; manages to mispronounce 'Khe Sanh'] Hmm. Yeah! #x[crosstalk] ... It's time for us to wake up out of our dream state. Out of the propaganda... This is the thing that people who come from the Soviet bloc or Cuba,Buy in Global,Vintage jerseys they're all saying, 'How do you guys not hear this? How are you not seeing this?' Well, because we don't ever expect it.
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ObamaCare and the 'Buzzsaw' of Opposition
ObamaCare and the 'Buzzsaw' of Opposition
ObamaCare and the 'Buzzsaw' of Opposition
A little over a year ago,aromatic when President Obama first took up health-care reform, Republicans reached out to him in the hopes of working together on solutions that would lower health-care costs for families and small businesses. A bipartisan bill focused on lower costs could have been sent to the president's desk last year, #xand it would have received the support of the American people.
For instance, this month the president announced his support for additional reforms to crack down on waste,google优化, fraud and abuse in Medicare and Medicaid. This is something we can and should be doing already. Do we really need to pass a $2.5 trillion spending bill, raise taxes, and slash Medicare to implement it?
In other areas, Democrats have taken solid Republican reforms—such as putting an end to junk lawsuits and allowing patients to purchase insurance across state lines—and watered them down to a point where they cannot be effectively implemented. Still, we could have used this common ground as a foundation for a bipartisan, step-by-step approach to health-care reform.
Unfortunately, the White House and congressional Democrats are still insisting on their massive, 2,700-page bill that includes higher premiums, $500 billion in higher taxes,aromatic and $500 billion in cuts to seniors' Medicare. That's not reform.
If there's one thing the American people didn't want, #xit was for us to make health care more bureaucratic and expensive. The Obama administration's own scorekeeper at the Centers for Medicare and Medicaid Services says overall health spending will go up by more than $200 billion under the Democrats' bill. The nonpartisan Congressional Budget Office (CBO) also says federal health spending will rise.
The CBO also says health insurance premiums for millions of families across the country will go up by as much as 13% as a result of all the new government mandates contained in this bill—and continue to rise at the current unsustainable rate for nearly everyone else. And it's all going add to the mountain of debt we are already piling onto our kids and grandkids.
Democrats in Washington are well aware of the mess they've made. House Speaker Nancy Pelosi (D., Calif.) recently revealed her party's closing argument for health-care reform by stating, #x"We have to pass the bill so that you can find out what is in it, away from the fog of the controversy"—as if the steadfast public opposition to this bill is one giant misunderstanding. It's not. The American people have been laser-focused on this bill for a year, aromaticand have only become more opposed to this job-killing monstrosity.
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On Satan’s trail with Don Gabriele, the world’s
On Satan’s trail with Don Gabriele, the world’s most famous exorcist
On Satan’s trail with Don Gabriele, the world’s most famous exorcist
"Are you afraid of the Devil?” The world’s most famous exorcist levels his gaze at me and then smiles.
“No,NCR parts, it is he who is afraid of me.artificial pumpkin I work in the name of the Lord. Poor Satan.#x”
Poor Satan?
“Oh yes. The Evil One shouts and makes noises, but we are made in God’s image, we have the Holy Trinity on our side. There is no need to be afraid of the Devil unless we give in to his temptations.”
We are in the infirmary of the Society of St Paul, the order of Father Gabriele Amorth, in the shadow of St Paul’s Basilica, Rome. The Vatican’s chief exorcist was taken to hospital last autumn with a blood infection and is now convalescing — “they found nothing serious”. Perhaps it was the Devil who laid him low. “Oh no — just an illness. He has more serious evil to perform.”
Father Amorth made headlines this week by suggesting that those who had “given in to Satan’s temptations” included paedophile priests and even some cardinals and bishops who paid only lip service to the Gospels.
The growing crisis over the clerical sex abuse now engulfing Pope Benedict XVI and the Vatican, he said, was the work of Satan, who had even “infiltrated the Vatican corridors”.
Is the sex abuse crisis really due to the Devil? “Oh yes. artificial pumpkinAll evil is due to the intervention of the Devil, including paedophilia.”
And the Vatican? “Legions of demons have lodged there. The majority of those in the Vatican do good work. But Pope Paul VI talked about the ‘smoke of Satan’ infiltrating the Vatican as long ago as 1972.#x Satan sets out to damage the leadership of the Church — and of politics, industry and sport, for that matter.”
And although all manner of incidents, scandals and misdemeanours in Italy and abroad leap to mind as potential evidence of diabolical intervention, he declines to give examples. Father Amorth — or Don Gabriele, as he is universally known — has just published The Memoirs of an Exorcist, a book of interviews with Marco Tosatti, the Vatican journalist. In a style that is somewhat reminiscent of a medieval chronicle, he describes his often hair-raising experiences over the past quarter of a century in the front line against the Evil One and his minions.
Father Amorth, aged nearly 85, is honorary president of the International Association of Exorcists. He fought for the Resistance in the Second World War, took a law degree but then entered the Church.#x He began conducting exorcisms shortly after his ordination 60 years ago; in 1986 he was appointed by Cardinal Ugo Poletti,artificial pumpkin then the Vicar of Rome, as assistant to Father Candido Amantini, the chief exorcist, eventually succeeding him.
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The Girls Who Kicked in Rock’s Door
The Girls Who Kicked in Rock’s Door
The Girls Who Kicked in Rock’s Door
THE most striking thing about “The Runaways,” a new film about the trailblazing bad-girl rock band from the 1970s that spawned Joan Jett, is how authentic it feels.artificial apple The clubs are properly scuzzy. The dialogue is properly raunchy. The actors can properly sing. The hair is fried and feathered,Compact fluorescent lamp, #xthe skin spotty from weeks of running on little but potato chips and estrogen. From the adrenaline rush of performing to the monotony of rehearsal, it’s a vivid snapshot of life on the road for ambitious teenagers who are constantly told that rock ’n’ roll “is the sport of men.” (And that’s their own manager talking.)
One reason may be that the movie is partly based on “Neon Angel: A Memoir of a Runaway” (Harper Collins), a newly revamped autobiography by the group’s lead singer Cherie Currie, whose chillingly quick self-destruction is relived through Dakota Fanning. Another may be that Ms. Currie and Ms. Jett (played by Kristen Stewart) put the actors through hard-rock boot camp for several weeks before filming. And Floria Sigismondi, the writer and director,artificial apple has “been around music all my life,” as she said in an interview in a hotel room in Midtown. #xAlong with making videos for artists like David Bowie (Ms. Currie’s musical hero) and the White Stripes, she’s worked in clubs and gone on tour with her husband’s band, the Living Things. “I wanted it all to look real. I wanted bed head. I wanted freckles and pimples,” she said of the film, her first feature. The words she kept repeating on the set were “raw” and “gritty.”
The rock lifestyle has been notoriously difficult to get right on film. The mainstream fantasy — sex, drugs, hard-core partying — usually trumps the more tedious reality of musicians striving for success but often becoming trapped by it. The result has been films that end up either bloated and cartoonish (see the American Indian shaman following Jim Morrison around “The Doors”), sweetly sanitized (see the intercourse-avoiding groupies of “Almost Famous”) or as road-to-ruin predictable as “Behind the Music.” But since 2002, when the hyperactive#x “24 Hour Party People” captured the dance-oriented music scene in ’70s and ’80s Manchester, England, there has been a trickle of rock biopics that get the milieu and the music just right, like “Control,” the story of Joy Division, and “What We Do Is Secret,” artificial applethe story of the Germs.
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Thai protesters give blood to pour on streets
Thai protesters give blood to pour on streets
Thai protesters give blood to pour on streets
Anti-government protesters Tarpaulinstarted donating their own blood Tuesday as part of a plan to splatter the Thai government headquarters in a symbolic sacrifice to press their demands for new elections.#x
Hundreds of red-shirted demonstrators formed long lines to have their blood drawn by nurses, a day after their leaders vowed to collect 1 million cubic centimeters of blood — the equivalent of 1,000 standard soft drink bottles — to spill at Government House by Tuesday afternoon.
As many as 100,Compact fluorescent lamp,000 so-called Red Shirt protesters converged Sunday on the Thai capital to demand that Prime Minister Abhisit Vejjajiva agree to dissolve parliament by midday Monday. Abhisit refused and blanketed the capital in security, but said his government was open to listening to what else the protesters have to say.
Frustrated, the protest leaders announced the "blood sacrifice," #xa tactic slammed by the Red Cross as wasteful — and unhygienic since diseases like hepatitis and HIV-AIDS can be spread if needles are reused.
"This blood belongs to fighters for democracy. What is its color? Red!" Tarpaulinan announcer shouted as protest leaders were having their blood drawn on a stage near a white tent where lines of blood donors formed.
Several orange-robed Buddhist monks, who are forbidden by law from taking part in political activities, were among the first in line with one proudly showing off a syringe filled with his blood.
"I believe (in our leaders) and find their strategies rational and acceptable. If they say that we soldier on, I'm ready," said Suriya Laemthong, 28, who admitted to a fear of needles and shielded his eyes with a baseball cap and hand as a nurse pricked his arm. But Suriya said he doubted that the blood spilling would compel the government to step down.
The Red Shirts include supporters of former Prime Minister Thaksin Shinawatra and other activists who oppose the 2006 military coup that ousted him for alleged corruption and abuse of power. #xThey believe Abhisit came to power illegitimately with the connivance of the military and other parts of the traditional ruling class who were alarmed by Thaksin's popularity.
On Monday, Tarpaulinthousands of protesters departed from their encampment in downtown Bangkok to besiege an army base on the edge of the capital where Abhisit has partly been based during the protests.
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Toyota questions runaway Prius story
Toyota questions runaway Prius story
Toyota questions runaway Prius story
Toyota Motor Corp., #xstruggling to rebound from a record number of US recalls, said yesterday that a driver’s account of a runaway Prius in California “is inconsistent with the findings of the preliminary analysis.’’
The hybrid car’s self-diagnostic system showed “evidence of numerous, Safety barriersrapidly repeated on-and-off applications of both the accelerator and the brake pedals,登车桥,’’ Mike Michels, a spokesman for the company, said in San Diego.
Jim Sikes, 61, has said his Prius raced at speeds exceeding 90 miles per hour near San Diego on March 8, and pressing on the brake pedal failed to stop the car.
Investigators with the National Highway Traffic Safety Administration have tested the vehicle involved, along with Toyota’s representatives, and could not replicate the experience Sikes described, the agency said.
“The accelerator and brake pedal had been rapidly and repeatedly pressed on and off about 250 times,’’ said Bob Waltz, a Toyota US vice president, citing data recorded by the car’s diagnostic computer. Safety barriersThere was no sign that “binding’’ caused the pedal to stick, he said.
The front brakes showed severe damage from overheating, #xWaltz said. That would be consistent with repeated, light use of the brakes, he said. The rear brakes and parking brake were in good condition and functional.
Toyota has recalled about 8 million vehicles worldwide for defects that may cause sudden unintended acceleration. Its efforts to repair its reputation were set back by coverage of Sikes’s account of a struggle to stop his Prius.
Toyota said the findings suggest “there should be further examination’’ of Sikes’s account.
The investigators’ inability to replicate Sikes’s experience does not mean it didn’t happen, said John Gomez, the driver’s attorney.
“NHTSA’s never been able to replicate one of these incidents,’’ Gomez said. “Toyota denies they happen at all. Mr. Sikes drove the vehicle for three years without incident. The idea that they couldn’t make it happen again really doesn’t show anything.’’
Though Toyota’s recalls have drawn widespread attention, #x59 of 110 fatalities attributed to sudden acceleration in National Highway Traffic Safety Administration records occurred in vehicles made by Ford Motor Co.,Safety barriers Chrysler Group LLC, and other companies, according to data compiled for Bloomberg News by the NHTSA.
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ABBA, Hollies, Genesis, Iggy Pop enter Rock Hall
ABBA,<a href="http://www.chinesecurity.com">Fire hose</a>, Hollies, Genesis, Iggy Pop enter Rock Hall
ABBA, Hollies, Genesis, Iggy Pop enter Rock Hall
An English band steeped in harmony, a reggae pioneer, progressive rockers #xwho thrived Textile fabricdespite a defection, four Swedes who combined their nation's traditions with their rock heroes and a man who prowled a ballroom floor singing "I Wanna Be Your Dog" wouldn't seem to have much in common.
For a night they did, as The Hollies, Jimmy Cliff, Genesis, ABBA and Iggy Pop's Stooges accepted induction into the Rock and Roll Hall of Fame on Monday — a ceremony almost as notable for who wasn't there as who was.
ABBA sold some 100 million records with hits such as "Waterloo,""Dancing Queen" and "Knowing Me, Knowing You" before disbanding in 1982. Songwriter Benny Andersson described how the melancholy of the "vodka belt" so far north, the pre-rock era music they heard on Swedish radio and the songs of their rock 'n' roll heroes all found their way into ABBA's material.
Andersson and ex-wife Anni-Frid Lyngstad attended the ceremonyTextile fabric at the Waldorf Astoria Hotel. Agnetha Faltskog, who has a fear of flying, and Bjorn Ulvaeus, who had a family commitment, did not.
"I'm old enough to admit to the fact that I think we did a great job," Lyngstad said.
Keep that in the past tense: Lyngstad told the audience that ABBA would never perform again. She brought along her grandson, a heavy metal musician who nonetheless appreciates grandma's music. Actress Meryl Streep, who was in the "Mamma Mia" movie that introduced ABBA's music to a new generation and older ones that didn't pay attention at the time, was also there.
The audience at the Waldorf#x and watching on the Fuse TV network got one-fourth of ABBA on stage. Andersson played piano as country starTextile fabric Faith Hill sang "The Winner Takes It All."
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Kendra Wilkinson not diagnosed with depression
Kendra Wilkinson not diagnosed with depression
Kendra Wilkinson not diagnosed with depression
Former Playboy Playmate Kendra Wilkinson wine box Chinahas dismissed suggestions #xshe suffered postpartum depression following the birth of her son - insisting she has never been officially diagnosed with the disorder.
The reality TV star welcomed baby Hank Baskett IV, named after his football star father, in December 2009 at a hospital in Indianapolis, Indiana.
The 24-year-old recently admitted she struggled to adjust to motherhood as she was pulled into a downward spiral of post-pregnancy sadness.
She told OK!, "After giving birth, I never wine box Chinabrushed my hair, my teeth, or took a shower. I looked in the mirror one day and was really depressed. I thought,Military Flags, 'Look at me.' I had this glamorous life in L.A., and now (in Indianapolis) I didn't. A couple of times, I even said, 'I just have nothing to live for.'"
But Wilkinson has played down her remarks - insisting she didn't suffer the baby blues, she was simply a new mum with worries.
She tells Eonline.com, "I'm not going to sit here and say that I had postpartum depression. I was depressed but it wasn't diagnosed as postpartum depression. But it was depression. Iwine box China know#x because I've been through therapy my whole life."
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The Trouble With Twitter's @anywhere Service
The Trouble With Twitter's @anywhere Service
The Trouble With Twitter's @anywhere Service
Twitter CEO Evan Williams announced Monday that the companyDiamond blade plans #xto introduce a new platform called "@anywhere." The new service will allow Twitter users to connect to their Twitter accounts through third-party Websites such as The New York Times and eBay -- similar to the way Facebook Connect allows Facebook users to sign into other Websites using their Facebook accounts.
The announcement was made at the South by Southwest conference in Austin, Texas. The @anywhere platform will allow Twitter users to interact with Twitter even when they are not on the Twitter Website -- they'll be able to, say, follow their favorite columnist from The New York Times, or Tweet about a particularly great deal on eBay, without ever having to leave the third-party's site.
When users browse a site that implements @anywhere,Buy in Global, people and brandsDiamond blade with Twitter accounts will appear as hyperlinks. Hovering over the hyperlink will reveal a box with that person or brand's Twitter info and most recent Tweet (clicking on the hyperlink will take you directly to their Twitter profile).
A Twitter blog post notes that the primary purpose of @anywhere is so that "Website owners and operators will be able to offer visitors more value with less heavy lifting." It does seem a lot like Facebook Connect, although Twitter will have to work hard to displace Facebook's grasp on the Web -- after all, one of the biggest draws of Facebook Connect is that users can log into sites using their Facebook accounts instead of going through a lengthy registration process. By contrast, Twitter's @anywhere#x looks like it will only make one's Twitter account more interactive -- and not replace any login screens. Of course, more detailsDiamond blade are yet to come, so it may be more (or less) like Facebook Connect than it sounds.
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Lehman estate seeks backing for assets plan
Lehman estate seeks backing for assets plan
Lehman estate seeks backing for assets plan
The estate that controls what remains of Lehman Brothers sought aEnergy saving bulbs US bankruptcy court’s #xapproval to forge an independent money-management business that would operate even after Lehman’s assets are liquidated.
Eighteen months after Lehman’s collapse in September 2008 deepened the global financial crisis and led to the biggest bankruptcy in US corporate history, the aftershocks continue to ripple through Wall Street.
The estate filed its plan on Monday to liquidate Lehman’s remaining assets and how it might distribute the proceeds to creditors of the holding company and its 22 subsidiaries.
The court has unsealed an examiner’s reportEnergy saving bulbs on the causes of Lehman’s downfall that unearthed evidence that could prompt future claims against top executives such as Dick Fuld and Ernst & Young,google排名, Lehman’s outside auditor.
John Suckow, president and operating chief of the Lehman estate, told the Financial Times on Monday that it was “way too early” to assess how the report would affect the creditors’ pursuit of claims or help the estate repay investors, vendors and other parties seeking more than $800bn.
The Lehman estate has also filed#x a motion with the court to formalise the creation of Lamco, the asset-management business formed under bankruptcy protection toEnergy saving bulbs oversee the real estate, mortgages, private equity investments and derivatives that the estate controls.
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UPDATE 1-Moody's, S&P may cut Phillips-Van Heusen
UPDATE 1-Moody's, S&P may cut Phillips-Van Heusen ratings
UPDATE 1-Moody's, S&P may cut Phillips-Van Heusen ratings
NEW YORK,Grow lights, March 15 (Reuters) - Moody's Investors Service and Standard & Poor's
#xon Monday said they may cut their ratings on Phillips-Van Heusen (PVH.N) , citing Hid ballastdebt the apparel company will take on to fund its planned acquisition of fashion brand Tommy Hilfiger.
The company said on Monday it will buy Tommy Hilfiger from London-based Apax Partners [APAX.UL] in a cash and stock deal worth about $3 billion to boost its presence in Europe and Asia. For details, see [ID:nN15167494].
"A significant portion of the purchase price is being funded with debt," Moody's said in a release.
Moody's said it expects to downgrade New York-based Phillips-Van Heusen Hid ballastone notch to Ba3, three levels below investment grade, from Ba2 if the deal closes as planned.
S&P said it would downgrade its ratings on Phillips-Van Heusen into junk territory, based on the amount of debt the firm plans to add. The rating agency currently rates the firm BBB-minus, the lowest investment grade.
"Phillips-Van Heusen has indicated that it intends to raise a significant
#xamount of new debt," S&P said in a statement.
This is planned to include $2.45 billion in senior secured debt, $600 million of senior unsecured notes, andHid ballast $200 million in perpetual convertible stock, S&P said.
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Eurogroup agrees rescue mechanism for Greece
Eurogroup agrees rescue mechanism for Greece
Eurogroup agrees rescue mechanism for Greece
(Reuters) - Euro zone finance ministers agreed on Monday on a mechanism#x that would Nutritional Supplementallow them to help Greece financially if needed,samurai swords, but revealed no details except that it would be without loan guarantees.
The mechanism would be activated if Greece were unable to finance itself on the market despite the country's austerity measures.
The ministers from the so-called Eurogroup said the mechanismNutritional Supplement would not give Greece financing at average euro zone rates but aim to make it return to markets as soon as possible.
"The member states of the euro area will take coordinated action if such action turns out to be necessary. We clarified the technical arrangements ... to take coordinated action," Eurogroup Chairman Jean-Claude Juncker told a news conference.
The ministers from the 16-country currency bloc said in a statement: "It (the Eurogroup) clarified the technical modalities enabling a decision on coordinated action#x andNutritional Supplement which could be activated swiftly in the case of need."
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Ex-NY bank president first accused of TARP fraud
Ex-NY bank president first accused of TARP fraud
Ex-NY bank president first accused of TARP fraud
(Reuters) - The former president of New York's privately heldstraw bag Park Avenue Bank #xwas arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.
The charges came just three days after regulators seized the bank, which had $520 million in assets.
A 10-count criminal complaint said Charles Antonucci devised "an elaborate round-trip loan transaction" that he told others was his own $6.5 million investment in Park Avenue Bank, misleading bank regulators. Antonucci made false statements in the bank's application for $11.2 million from TARP, the Troubled Asset Relief Program, according to the complaint.
"Antonucci is the first person ever to be charged with attempting to defraud the TARP and we expect he will not be the last," Manhattan U.S. Attorney Preet Bharara said at a news conference.
He declined to give further details of the continuing investigation, other than straw bagto say prosecutors and New York state bank regulators would be making a review of banks that appear to be having problems.
Antonucci, 59, appeared in Manhattan federal court and was released on $2 million bond. He did not enter a plea, but his lawyer said he would plead not guilty.
Neil Barofsky, the special inspector general of TARP, told the news conference that Antonucci "launched a criminal enterprise" as soon as the U.S. Treasury announced its historic program to bail out the banks in late 2008.
"The charges today send a powerful message to those #xwho tried to steal from the TARP, those who have stolen from the TARP andstraw bag those who are contemplating similar fraudulent action,网站优化," Barofsky said.
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Japan Kan: No plan to tap fx reserves for spending
Japan Kan: No plan to tap fx reserves for spending
Japan Kan: No plan to tap fx reserves for spending
TOKYO, March 16 (Reuters) - Japan's finance minister saidGPS tracker on Tuesday he had not instructed his staff #xto tap cash reserves in a special foreign exchange account to help fund the ruling party's spending plans, denying a media report that he had done so.
With tax receipts sliding in the wake of the financial crisis, Tokyo is expected to use up trillions of yen in non-tax
revenue held in such accounts to keep its massive debt under control.
The Nikkei business daily reported that Naoto Kan had instructed the finance ministry to mull drawing down a portion of reserves worth nearly 20 trillion yen ($221 billion) in the forex special account to finance the Democratic Party's spending plans.
"I have never given such specific instructions to tap foreign exchange reserves GPS trackeras a source of funding," Kan,托盘, who is also deputy prime minister, told reporters after a cabinet meeting.
The government aims to overhaul the special accounts as part of efforts to restore its tattered finances. Japan's public debt is running at nearly twice the size of GDP, the highest ratio among its peers in the developed world.
Any review of the forex special account could lead to a drastic overhaul of its management, as some lawmakers want to get
returns on investment by managing the interest income from the forex reserves separately from the account.
Currently the finance ministry manages Japan's $1 trillion in forex reserves -- the bulk of which are held in U.S. Treasuries
-- through the account, by setting aside interest income as reserves each year. The account has suffered massive valuation losses on its dollar-denominated#x assets due to yen gains, leading to GPS trackeran estimated fall of around 5-6 trillion yen in Japan's reserves, the Nikkei said.
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Verizon's One-on-One Droid Training
Verizon's One-on-One Droid Training
Verizon's One-on-One Droid Training
Verizon has taken a page from Apple offering free 30-minute one-on-one training Industrial Fabricsfor the Droid phones it sells (the Motorola Droid and the HTC Eris Droid#x.) Although I've spent several enjoyable hours exploring the features of my new Droid, I still have a bunch of questions about how to get the most out of my Droid. So I called Verizon to schedule some training. Here is an account of my experience. Up front I can say that I had a very positive time with the training, but not before encountering some real annoyances in scheduling it.
Making the appointment for the training was frustrating. None of the automated phone prompts at Verizon mention the training, so you're left guessing which number to press. These free sessions are offered at Verizon's corporate stores,Construction Equipment, but not at their retail stores. All in all it took me about 10 minutes to reach someone to schedule my one-on-one training. When I asked to be scheduled on a weekend, they explained that the training is offered only on weekdays from 11 am to 7 pm. I let them know that's when my daytime job takes place. After much hemming and hawing, they relented and scheduled me for 2 pm on a Saturday afternoon at their College Park, Maryland, corporate store.
Upon arrival at the College Park store, I informed the greeterIndustrial Fabrics I was there to receive a one-on-one training. A few moments later the manager of the store told me I'd be receiving my training from one of their trainers, Jennifer, after she was finished with her current customer. That's a good sign when the manager of a store is involved so directly with customer interactions. The store was bustling with people and I wondered where the training was going to take place. Jennifer led me to a seat where we could both sit comfortably side-by-side to look at the phone.
I first asked how I could better manage battery life on my phone. My out-of-the box experience with my Motorola Droid (which I love) was very poor. The phone was not able to make it through a single day on a battery charge. One evening soon after I bought the phone, the battery#x was dead Industrial Fabricswhen I needed to make an important call.
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Oil traders place spring bets on "widowmaker"
Oil traders place spring bets on "widowmaker"
Oil traders place spring bets on "widowmaker"
(Reuters) - Some of the boldest speculative oil traders at banks Montreal canadiensand hedge funds are betting on a return of gasoline's strength ahead of peak summer demand, bringing an early shift to summer from winter to the oil market#x.
Many traders use a popular spread play between gasoline and heating oil to try to make money from seasonal shifts in demand in the Northern Hemisphere.
But the spread is one of the most volatile and unpredictable in the oil market and is often called "the widowmaker" after the plight of those who have made the wrong bet.
Unusually cold winter weather and a belief in resurgent gasoline demand this summerMontreal canadiens has lured traders back onto the seasonal play after 2009's relatively flat demand picture, analysts and traders said.
"We have seen massive speculative inflows this year and this has helped boost the gasoline premium over distillates,Pearl earrings," said Olivier Jakob of Petromatrix. "It is trying to price in the gasoline season a bit early."
Traders said historically low refinery utilisation rates of around 80 percent in the United States and Europe triggered by a sharp drop in industry demand for middle distillates, such as diesel, should constrain gasoline supply in the world's top oil consumer.
"The hot money is on gasoline this season and a lot of hedge funds have bet on it," said an oil products trader at a bank and a regular widowmaker trader.
"Seasonality#x is back because of run cuts and because it's been such a cold winter. There is a belief that demand for gasoline will be very good this year Montreal canadiensbecause it is not as connected to the recession as distillates," the trader said.
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'Crazy' man cuffed for plotting cyber extortion sc
'Crazy' man cuffed for plotting cyber extortion scheme
'Crazy' man cuffed for plotting cyber extortion scheme
A California man was charged with extortion after he allegedly
#xthreatened to send millions of emails and social networking messages christmas giftthat maligned a large life insurance company unless he was paid almost $200,000.
Anthony Digati, 52, of Chino, California, was arrested and charged with a single felony count of extortion through interstate communications, according to federal prosecutors in Manhattan. In a series of emails and web postings, he allegedly warned employees, executives and a board member of the insurance company their reputation would be ruined if his demand for $198,303.88 wasn't met.
"I am going to drag your company name and reputation, through the muddiest waters imaginable," Digati, a former registered agent and manager at the company, wrote in an online tirade. "This will cost you millions in lost revenues, trust and credibility not to mention the advertising you christmas giftwill be buying to counter mine. Sad thing is it's almost free for me."
The allegations, contained in court documents unsealed Monday, offer a glimpse into the capabilities of modern-day blackmailers, who with a few keystrokes can send missives to millions of people. Over the past decade,Grow lights, cyber extortion has become more and more common, as criminals threaten to attack websites and malign the images of companies or individuals unless ransoms are paid.
According to prosecutors, Digati threatened to spam more than 6 million people with links to a website that was highly critical of the various financial products offered by the insurance company. Digati also allegedly described himself as a "huge social networker"
#x who would use his contacts to sendchristmas gift more than 200,000 people messages "slamming your integrity and directing them to this website within days".
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Microsoft plants Bing on Google-free Chinese Andro
Microsoft plants Bing on Google-free Chinese Androids
Microsoft plants Bing on Google-free Chinese Androids
Motorola will soon push Microsoft's Bing search engine onto Android phonesartificial pumpkin in China, after announcing an alliance with the Redmond #xsoftware giant that will see Bing appear on Androids across the globe.
In the wake of this Moto-Microsoft pact, Google has confirmed with The Reg that it has barred the use of its mobile applications on Android phones from Chinese carriers, leaving the likes of Motorola to use alternatives.
On Thursday morning, Motorola said that before the end of the quarter, artificial pumpkinit would add a Bing browser bookmark and a Bing search widget to new phones based on Google's open source OS as well as handsets already in the market. Motorola did not immediately respond to a request for comment, but it appears that Bing will not be the default provider on the devices' browser search box.
The pact will also put Microsoft's Bing Maps service on Motorola phones.
Motorola's announcement comes amid ongoing confusion over Google's position in China - and thus Motorola's relationship with the Mountain View web giant. In mid-January, Google threatened to shutter its China operation in response to an alleged Chinese hack attack on its internal systems,中小企业国际市场开拓资金, and days later, it said that it would postpone its launch of two Android phones on the Chinese carrier China Unicom - one from Samsung and one from Motorola - saying it would be "irresponsible" to let the launch proceed.
Google #xsays it has made the decision to "no longer" censor results on its Chinese search engine, but it continues to censor results artificial pumpkinwhile discussing its position with government authorities.
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