Journalist Barbara Walters hospitalized after fall at Washington party






(Reuters) – Veteran journalist Barbara Walters was admitted to a Washington. D.C., hospital over the weekend after she fell and cut her head at the British ambassador’s residence, a spokesman for the ABC television network said on Sunday.


Jeffrey Schneider, a senior vice president with ABC News, said Walters fell on the stairs on Saturday evening while attending an event.






“Out of an abundance of caution,” Walters, 83, went to the hospital, where she remained for observation on Sunday, Schneider said.


“Barbara is alert (and telling everyone what to do), which we all take as a very positive sign,” Schneider said in a written statement.


(Reporting by James B. Kelleher, editing by Stacey Joyce)


Celebrity News Headlines – Yahoo! News





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Well: A Check on Physicals

“Go Beyond Your Father’s Annual Physical. Live Longer, Feel Better”

This sales pitch for the Princeton Longevity Center’s “comprehensive exam” promises, for $5,300, to take “your health beyond the annual physical.” But it is far from certain whether this all-day checkup, and others less inclusive, make a meaningful difference to health or merely provide reassurance to the worried well.

Among physicians, researchers and insurers, there is an ongoing debate as to whether regular checkups really reduce the chances of becoming seriously ill or dying of an illness that would have been treatable had it been detected sooner.

No one questions the importance of regular exams for well babies, children and pregnant women, and the protective value of specific exams, like a Pap smear for sexually active women and a colonoscopy for people over 50. But arguments against the annual physical for all adults have been fueled by a growing number of studies that failed to find a medical benefit.

Some experts note that when something seemingly abnormal is picked up during a routine exam, the result is psychological distress for the patient, further testing that may do more harm than good, and increased medical expenses.

“Part of the problem of looking for abnormalities in perfectly well people is that rather a lot of us have them,” Dr. Margaret McCartney, a Scottish physician, wrote in The Daily Mail, a British newspaper. “Most of them won’t do us any harm.”

She cited the medical saga of Brian Mulroney, former prime minister of Canada. A CT scan performed as part of a checkup in 2005 revealed two small lumps in Mr. Mulroney’s lungs. Following surgery, he developed an inflamed pancreas, which landed him in intensive care. He spent six weeks in the hospital, then was readmitted a month later for removal of a cyst on his pancreas caused by the inflammation.

The lumps on his lungs, by the way, were benign. But what if, you may ask, Mr. Mulroney’s lumps had been cancer? Might not the discovery during a routine exam have saved his life?

Logic notwithstanding, the question of benefits versus risks from routine exams can be answered only by well-designed scientific research.

Defining the value of a routine checkup — determining who should get one and how often — is especially important now, because next year the Affordable Care Act will add some 30 million people to the roster of the medically insured, many of whom will be eligible for government-mandated preventive care through an annual exam.

Dr. Ateev Mehrotra of the University of Pittsburgh School of Medicine, who directed a study of annual physicals in 2007, reported that an estimated 44.4 million adults in the United States undergo preventive exams each year. He concluded that if every adult were to receive such an exam, the health care system would be saddled with 145 million more visits every year, consuming 41 percent of all the time primary care doctors spend with patients.

There is already a shortage of such doctors and not nearly enough other health professionals — physician assistants and nurse practitioners — to meet future needs. If you think the wait to see your doctor is too long now, you may want to stock up on some epic novels to keep you occupied in the waiting room in the future.

Few would challenge the axiom that an ounce of prevention is worth a pound of cure. Lacking incontrovertible evidence for the annual physical, this logic has long been used to justify it:

¶ If a thorough exam and conversation about your well-being alerts your doctor to a health problem that is best addressed sooner rather than later, isn’t that better than waiting until the problem becomes too troublesome to ignore?

¶ What if you have a potentially fatal ailment, like heart disease or cancer, that may otherwise be undetected until it is well advanced or incurable?

¶ And wouldn’t it help to uncover risk factors like elevated blood sugar or high cholesterol that could prevent an incipient ailment if they are reversed before causing irreparable damage?

Even if there is no direct medical benefit, many doctors say that having their patients visit once a year helps to maintain a meaningful relationship and alert doctors to changes in patients’ lives that could affect health. It is also an opportunity to give patients needed immunizations and to remind them to get their eyes, teeth and skin checked.

But the long-sacrosanct recommendation that everyone should have an annual physical was challenged yet again recently by researchers at the Nordic Cochrane Center in Copenhagen.

The research team, led by Dr. Lasse T. Krogsboll, analyzed the findings of 14 scientifically designed clinical trials of routine checkups that followed participants for up to 22 years. The team found no benefit to the risk of death or serious illness among seemingly healthy people who had general checkups, compared with people who did not. Their findings were published in November in BMJ (formerly The British Medical Journal).

In introducing their analysis, the Danish team noted that routine exams consist of “combinations of screening tests, few of which have been adequately studied in randomized trials.” Among possible harms from health checks, they listed “overdiagnosis, overtreatment, distress or injury from invasive follow-up tests, distress due to false positive test results, false reassurance due to false negative test results, adverse psychosocial effects due to labeling, and difficulties with getting insurance.”

Furthermore, they wrote, “general health checks are likely to be expensive and may result in lost opportunities to improve other areas of health care.”

In summarizing their results, the team said, “We did not find an effect on total or cause-specific mortality from general health checks in adult populations unselected for risk factors or disease. For the causes of death most likely to be influenced by health checks, cardiovascular mortality and cancer mortality, there were no reductions either.”

What, then, should people do to monitor their health?

Whenever you see your doctor, for any reason, make sure your blood pressure is checked. If a year or more has elapsed since your last blood test, get a new one.

Keep immunizations up to date, and get the screening tests specifically recommended based on your age, gender and known risk factors, including your family and personal medical history.

And if you develop a symptom, like unexplained pain, shortness of breath, digestive problems, a lump, a skin lesion that doesn’t heal, or unusual fatigue or depression, consult your doctor without delay. Seek further help if the initial diagnosis and treatment fails to bring relief.

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DealBook: In Davos, Atmosphere for Bankers Improves

Two years ago, Jamie Dimon, chief executive of JPMorgan Chase, told an audience in Davos, Switzerland, that people should stop picking on bankers. Mr. Dimon is still waiting for his wish to come true.

Bankers, always a big presence at the World Economic Forum in Davos, will arrive this year under less regulatory pressure and with better profits than in past years. But they are still on the defensive.

Mr. Dimon, scheduled to appear on one of the first panels when the Davos forum opens on Wednesday, is again embroiled in controversy. Last week, JPMorgan’s board cut his pay for 2012 in half, to $11.5 million, holding him accountable for a multibillion-dollar loss on derivatives trading.

International bankers are under pressure from the law enforcement authorities as well, and examples can be found near Davos.

UBS, based in Zurich, agreed to pay a $1.5 billion fine to the global authorities after admitting this month that it had helped manipulate a benchmark rate used to set mortgage and other interest rates.

And Wegelin & Company, a private bank based in St. Gallen, Switzerland, shut down this month after admitting it had helped wealthy Americans evade taxes. The bank, founded in 1741, was the oldest in Switzerland.

At a news conference last week in Washington, the managing director of the International Monetary Fund, Christine Lagarde, lamented a “waning commitment” to tougher financial regulation and called upon the banking authorities to finish the job of fixing the world’s banks.

For all that, though, bankers may find the atmosphere in Davos a bit more congenial than in some recent years. Among the government overseers who will also be in attendance, there appears to be a growing sentiment that the banks have taken enough abuse.

This month in Basel, Switzerland, for instance, an international gathering of central bankers and bank supervisors relaxed new rules that were intended to ensure that banks would be able to survive an event like the collapse of Lehman Brothers in 2008.

The rules, which are not binding but serve as a benchmark for national regulators, would require banks to maintain a 30-day supply of cash or liquid assets that are easy to convert into cash. But after the decision in Basel this month, banks would have until 2019 to accumulate the additional cash and assets, instead of 2015.

The regulators also broadened the types of assets that could be used to include even some mortgage-backed securities — the same general class of security that was at the heart of the crisis.

Many analysts see the decision as a gift to the banking industry, which had insisted that planned new regulations would lead banks to curtail lending. Bank stocks in Europe rose after the decision.

“Most bankers I talked to breathed a huge sigh of relief,” said Cornelius K. Hurley, a professor at the Boston University School of Law and former assistant general counsel to the board of governors of the Federal Reserve.

Gavan Nolan, a credit analyst at Markit, a data provider in London, agreed that changes in the rules “went further than many had presumed, and in a direction that seems to favor the banks.” Still, he wrote in a note to clients, “the effects shouldn’t be overstated,” adding that the rules “will still make it more difficult to make money, in comparison to the previous era.”

The discussions at Davos may offer clues about whether the Basel decisions foreshadow other concessions.

There is a risk that efforts to rein in financial risk could lose momentum as the trauma of Lehman’s collapse fades, Mr. Hurley said.

“We said to ourselves back in 2008, a crisis is a terrible thing to waste,” he said. “It seems the farther away we get, the evidence is that we are wasting it.”

The World Economic Forum tends to be a place for talk rather than action, but it is one of the few events that reliably brings central bankers, regulators, economists, legislators and bankers under one snow-laden roof.

The discussions have sometimes been contentious, as in 2010 when American policy makers like Representative Barney Frank met behind closed doors with top bankers including Brian T. Moynihan, then the chief executive of Bank of America.

Mr. Frank left the meeting fuming about bankers’ unwillingness to accept more safeguards and vowed to impose them anyway. Six months later, Congress passed the sweeping financial regulation bill known as Dodd-Frank.

But Mr. Frank has retired, and there are signs that the officials who set the tone for global regulation of banks have become more worried about a credit squeeze in Europe than about the risk of another banking crisis.

Some of the most influential people in the regulation debate are sounding more conciliatory.

“We welcome these rules, we think they are important,” Mario Draghi, president of the European Central Bank and a member of the group that met in Basel, said this month. “We also welcome their gradual phasing in.”

At least some banks have had a profit rebound recently, including JPMorgan, Morgan Stanley and Goldman Sachs, whose chief executive, Lloyd C. Blankfein, is scheduled to take part in a panel on competitiveness at Davos on Friday.

European banks are still ailing, though, which threatens the fragile calm that has prevailed in financial markets. Whereas the euro zone debt crisis has fallen most heavily on southern European countries like Spain, weakness in the banking system is a problem even in healthier countries like Germany.

Deutsche Bank, the largest lender in Germany, is profitable but faces official investigations in Germany and the United States, mostly related to its activities before the financial crisis.

In December, police officers surrounded the bank’s headquarters in Frankfurt and seized documents as part of a tax-evasion inquiry that involves one of the bank’s co-chief executives, Jürgen Fitschen.

Other large German banks like Commerzbank and several of the state-owned landesbanks are still hobbled by bad investments they made before Lehman collapsed.

Belgium, France and Austria also have troubled banks, even though they are not considered to be countries in crisis.

“The bottom line is that I don’t think the banking system is in good condition, and I don’t expect it to come back to good condition soon,” said Nicolas Véron, a senior fellow at Bruegel, a research institute in Brussels.

Mr. Véron said he did not have reservations about the decision in Basel to ease new regulations on liquid assets, noting that previously there were no rules at all on liquidity.

“I think the big headline remains that liquidity regulations have been introduced,” he said. “When you look at what has happened in the crisis, that is a good thing.”

But he sounded less optimistic that policy makers meeting in Davos or elsewhere were making progress on other important banking issues, like how to close down terminally ill banks at no cost to taxpayers.

“We have not had the systemwide restructuring process I believe is necessary to get back to sound conditions,” he said.

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Obama's second inauguration a mark of progress in its own right








WASHINGTON — The first time Barack Obama ran, the euphoria that attended his election captivated Kamilah Aquil. Then came his presidency, a bracing reality check.


Hope faded. Not enough changed. But for Aquil, that doesn't make Obama a disappointment.


It does make this second inauguration Monday a landmark she never expected and one she considers even more profound than the first. He's not just the first black president, but a man Americans trusted enough, missteps and all, to give another shot at shepherding our country.






That's one reason Aquil, a Los Angeles County probation officer, was headed for Washington last week with her 13-year-old son, Makhi Garvey.


I met them on the flight from Los Angeles, and questioned her — as I have dozens of black strangers in the last few weeks — about her verdict on Obama, who drew a record turnout of black voters in November, but less enthusiasm than in 2008.


Aquil has heard the grumbling that Obama hasn't done enough to relieve black suffering. She doesn't see it that way. "He puts it out on the table and tries to advocate for the country as a whole," she said. "He can only do so much."


Aquil was born and raised in Compton. She veered off track as a teenager, but an adult she admired steered her "off the path of destruction" and pointed her toward college.


She thinks about that when she sees her son watching President Obama. "It's his influence, who he is as an individual," she says, looking beyond the president's politics to praise his patience, tenacity and balance.


For her, and for millions of African Americans whose votes kept Obama in office, this president's reelection didn't turn on the standard question: Are you better off today than you were four years ago?


It was tied as well to a bigger vision, a sense that their footing is more solid and their children's future brighter because a black man — this particular black man — resides in the White House.


::


There have been reams written in the last four years about the ways race complicated the leadership challenges faced by the nation's first black president.


Now, as Obama enters his second term, those themes are already being replayed.


Ben Jealous, head of the National Assn. for the Advancement of Colored People, is as tired of answering the question as I've become of asking. Has Obama delivered for the masses of black people who helped put him in office?


Jealous sighs — its meaning clear in the silence:


Isn't it enough that the man expanded access to healthcare, dispatched Osama bin Laden and steered the nation through the worst recession in 70 years?


"I'm waiting for the article about the white president who disappointed the white people the most," Jealous said.


"How come nobody ever asked that question: How did white people feel about Bill Clinton, about George Bush?"


Because a white president has always been perceived to be the leader of all the people.


Obama's appraisal is muddied by uncertain expectations.






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Wired Science Space Photo of the Day: Soap Bubble Nebula


Informally known as the "Soap Bubble Nebula", this planetary nebula (officially known as PN G75.5+1.7) was discovered by amateur astronomer Dave Jurasevich on July 6th, 2008. It was noted and reported by Keith Quattrocchi and Mel Helm on July 17th, 2008. This image was obtained with the Kitt Peak Mayall 4-meter telescope on June 19th, 2009 in the H-alpha (orange) and [OIII] (blue) narrowband filters. In this image, north is to the left and east is down.


PN G75.5+1.7 is located in the constellation of Cygnus, not far from the Crescent Nebula (NGC 6888). It is embedded in a diffuse nebula which, in conjunction with its faintness, is the reason it was not discovered until recently. The spherical symmetry of the shell is remarkable, making it very similar to Abell 39.


Image: T. A. Rector/University of Alaska Anchorage, H. Schweiker/WIYN and NOAO/AURA/NSF [high-resolution] Read NOAO Conditions of Use before downloading


Caption: NOAO

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Chuck Workman interviews directors David Lynch, Mike Leigh for “What is Cinema?”






NEW YORK (TheWrap.com) – Oscar winner Chuck Workman has begun work on a new documentary titled “What is Cinema?” for Cohen Media Group. Seeking to explore the art of filmmaking, Workman has interviewed directors David Lynch and Mike Leigh, and will interview several filmmakers at this year’s Sundance Film Festival, which began Thursday.


Workman, who won an Oscar for his 1986 short “Precious Images,” took the title for this new documentary from a seminal book by legendary French film theorist Andre Bazin.






Bazin co-founded French film magazine Cahiers du cinema and had a major influence on French New Wave filmmakers including Francois Truffaut and Jean-Luc Godard.


“Cinema is something we all grew up with and we think we know it. Or we don’t think about it much, just sit down and enjoy the film. But it changes daily, and this is an attempt to chronicle where it is today and where it will be, or should be, tomorrow,” Workman said in a statement.


Many may know Workman’s work without realizing it. He makes many of the montages seen during the Oscar telecasts, including the In Memoriam section. He has also made documentaries including “The Visionaries” and “Superstar: The Life and Times of Andy Warhol.”


Workman and Cohen may also collaborate on a pair of other documentaries about giants of American cinema. Both “What is Cinema?” and those prospective films fit right in at Cohen, which distributes independent and foreign films. Its upcoming releases include Rachid Bouchareb’s “Just Like a Woman” and Francois Ozon’s “In the House.”


Movies News Headlines – Yahoo! News




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Well: Holly the Cat's Incredible Journey

Nobody knows how it happened: an indoor housecat who got lost on a family excursion managing, after two months and about 200 miles, to return to her hometown.

Even scientists are baffled by how Holly, a 4-year-old tortoiseshell who in early November became separated from Jacob and Bonnie Richter at an R.V. rally in Daytona Beach, Fla., appeared on New Year’s Eve — staggering, weak and emaciated — in a backyard about a mile from the Richter’s house in West Palm Beach.

“Are you sure it’s the same cat?” wondered John Bradshaw, director of the University of Bristol’s Anthrozoology Institute. In other cases, he has suspected, “the cats are just strays, and the people have got kind of a mental justification for expecting it to be the same cat.”

But Holly not only had distinctive black-and-brown harlequin patterns on her fur, but also an implanted microchip to identify her.

“I really believe these stories, but they’re just hard to explain,” said Marc Bekoff, a behavioral ecologist at the University of Colorado. “Maybe being street-smart, maybe reading animal cues, maybe being able to read cars, maybe being a good hunter. I have no data for this.”

There is, in fact, little scientific dogma on cat navigation. Migratory animals like birds, turtles and insects have been studied more closely, and use magnetic fields, olfactory cues, or orientation by the sun.

Scientists say it is more common, although still rare, to hear of dogs returning home, perhaps suggesting, Dr. Bradshaw said, that they have inherited wolves’ ability to navigate using magnetic clues. But it’s also possible that dogs get taken on more family trips, and that lost dogs are more easily noticed or helped by people along the way.

Cats navigate well around familiar landscapes, memorizing locations by sight and smell, and easily figuring out shortcuts, Dr. Bradshaw said.

Strange, faraway locations would seem problematic, although he and Patrick Bateson, a behavioral biologist at Cambridge University, say that cats can sense smells across long distances. “Let’s say they associate the smell of pine with wind coming from the north, so they move in a southerly direction,” Dr. Bateson said.

Peter Borchelt, a New York animal behaviorist, wondered if Holly followed the Florida coast by sight or sound, tracking Interstate 95 and deciding to “keep that to the right and keep the ocean to the left.”

But, he said, “nobody’s going to do an experiment and take a bunch of cats in different directions and see which ones get home.”

The closest, said Roger Tabor, a British cat biologist, may have been a 1954 study in Germany which cats placed in a covered circular maze with exits every 15 degrees most often exited in the direction of their homes, but more reliably if their homes were less than five kilometers away.

New research by the National Geographic and University of Georgia’s Kitty Cams Project, using video footage from 55 pet cats wearing video cameras on their collars, suggests cat behavior is exceedingly complex.

For example, the Kitty Cams study found that four of the cats were two-timing their owners, visiting other homes for food and affection. Not every cat, it seems, shares Holly’s loyalty.

KittyCams also showed most of the cats engaging in risky behavior, including crossing roads and “eating and drinking substances away from home,” risks Holly undoubtedly experienced and seems lucky to have survived.

But there have been other cats who made unexpected comebacks.

“It’s actually happened to me,” said Jackson Galaxy, a cat behaviorist who hosts “My Cat From Hell” on Animal Planet. While living in Boulder, Colo., he moved across town, whereupon his indoor cat, Rabbi, fled and appeared 10 days later at the previous house, “walking five miles through an area he had never been before,” Mr. Galaxy said.

Professor Tabor cited longer-distance reports he considered credible: Murka, a tortoiseshell in Russia, traveling about 325 miles home to Moscow from her owner’s mother’s house in Voronezh in 1989; Ninja, who returned to Farmington, Utah, in 1997, a year after her family moved from there to Mill Creek, Wash.; and Howie, an indoor Persian cat in Australia who in 1978 ran away from relatives his vacationing family left him with and eventually traveled 1,000 miles to his family’s home.

Professor Tabor also said a Siamese in the English village of Black Notley repeatedly hopped a train, disembarked at White Notley, and walked several miles back to Black Notley.

Still, explaining such journeys is not black and white.

In the Florida case, one glimpse through the factual fog comes on the little cat’s feet. While Dr. Bradshaw speculated Holly might have gotten a lift, perhaps sneaking under the hood of a truck heading down I-95, her paws suggest she was not driven all the way, nor did Holly go lightly.

“Her pads on her feet were bleeding,” Ms. Richter said. “Her claws are worn weird. The front ones are really sharp, the back ones worn down to nothing.”

Scientists say that is consistent with a long walk, since back feet provide propulsion, while front claws engage in activities like tearing. The Richters also said Holly had gone from 13.5 to 7 pounds.

Holly hardly seemed an adventurous wanderer, though her background might have given her a genetic advantage. Her mother was a feral cat roaming the Richters’ mobile home park, and Holly was born inside somebody’s air-conditioner, Ms. Richter said. When, at about six weeks old, Holly padded into their carport and jumped into the lap of Mr. Richter’s mother, there were “scars on her belly from when the air conditioner was turned on,” Ms. Richter said.

Scientists say that such early experience was too brief to explain how Holly might have been comfortable in the wild — after all, she spent most of her life as an indoor cat, except for occasionally running outside to chase lizards. But it might imply innate personality traits like nimbleness or toughness.

“You’ve got these real variations in temperament,” Dr. Bekoff said. “Fish can by shy or bold; there seem to be shy and bold spiders. This cat, it could be she has the personality of a survivor.”

He said being an indoor cat would not extinguish survivalist behaviors, like hunting mice or being aware of the sun’s orientation.

The Richters — Bonnie, 63, a retired nurse, and Jacob, 70, a retired airline mechanics’ supervisor and accomplished bowler — began traveling with Holly only last year, and she easily tolerated a hotel, a cabin or the R.V.

But during the Good Sam R.V. Rally in Daytona, when they were camping near the speedway with 3,000 other motor homes, Holly bolted when Ms. Richter’s mother opened the door one night. Fireworks the next day may have further spooked her, and, after searching for days, alerting animal agencies and posting fliers, the Richters returned home catless.

Two weeks later, an animal rescue worker called the Richters to say a cat resembling Holly had been spotted eating behind the Daytona franchise of Hooters, where employees put out food for feral cats.

Then, on New Year’s Eve, Barb Mazzola, a 52-year-old university executive assistant, noticed a cat “barely standing” in her backyard in West Palm Beach, struggling even to meow. Over six days, Ms. Mazzola and her children cared for the cat, putting out food, including special milk for cats, and eventually the cat came inside.

They named her Cosette after the orphan in Les Misérables, and took her to a veterinarian, Dr. Sara Beg at Paws2Help. Dr. Beg said the cat was underweight and dehydrated, had “back claws and nail beds worn down, probably from all that walking on pavement,” but was “bright and alert” and had no parasites, heartworm or viruses. “She was hesitant and scared around people she didn’t know, so I don’t think she went up to people and got a lift,” Dr. Beg said. “I think she made the journey on her own.”

At Paws2Help, Ms. Mazzola said, “I almost didn’t want to ask, because I wanted to keep her, but I said, ‘Just check and make sure she doesn’t have a microchip.’” When told the cat did, “I just cried.”

The Richters cried, too upon seeing Holly, who instantly relaxed when placed on Mr. Richter’s shoulder. Re-entry is proceeding well, but the mystery persists.

“We haven’t the slightest idea how they do this,” Mr. Galaxy said. “Anybody who says they do is lying, and, if you find it, please God, tell me what it is.”

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Bankers to Find Atmosphere a Bit More Congenial in Davos


FRANKFURT — Two years ago, Jamie Dimon, chief executive of JPMorgan Chase, told an audience in Davos that people should stop picking on bankers. Mr. Dimon is still waiting for his wish to come true.


Bankers, always a big presence at the World Economic Forum in the Swiss city of Davos, arrive this year under less regulatory pressure and with better profits than in past years. But they are still on the defensive.


Mr. Dimon, scheduled to appear on one of the first panels when the Davos forum opens Wednesday, is again embroiled in controversy. Last week JPMorgan’s board cut his pay for 2012 in half, to $11.5 million, holding him accountable for a multibillion dollar loss in derivatives trading.


International bankers are under fire from the law enforcement authorities as well, and one does not have to go far from Davos to find examples.


UBS, based in Zurich, agreed to pay a $1.5 billion fine to the global authorities after admitting this month that it had helped manipulate a key benchmark rate used to set mortgage and other interest rates. Wegelin, a private bank based in St. Gallen, Switzerland, shut down earlier this month after admitting it had helped wealthy Americans evade taxes. The bank, founded in 1741, was the oldest in Switzerland.


And at a news conference last week in Washington, the managing director of the International Monetary Fund, Christine Lagarde, lamented a “waning commitment” to tougher financial regulation and called upon the banking authorities to finish the job of fixing the world’s banks.


For all that, though, bankers may find the atmosphere in Davos a bit more congenial than in some recent years. Among the government overseers who will also be flocking to the Swiss town, there seems to be a growing feeling that the banks have taken enough bashing.


Earlier this month, for instance, an international conclave of central bankers and bank supervisors, meeting in Basel, Switzerland, relaxed new rules that were intended to ensure that banks would be able to survive an event like the collapse of Lehman Brothers in 2008.


The rules, which are not binding but serve as a benchmark for national regulators, would require banks to maintain a 30-day supply of cash or liquid assets that are easy to convert into cash. But after the decision in Basel this month banks would have until 2019 to accumulate the additional cash and assets, instead of 2015. The regulators also broadened the kinds of assets that qualify, so that now they can include even some mortgage-backed securities—the same general class of security that was at the heart of the crisis.


Many analysts see the decision as a gift to the banking industry, which had insisted that planned new regulations will force them to curtail lending. Bank stocks in Europe rose after the decision.


“Most bankers I talked to breathed a huge sigh of relief,” said Cornelius Hurley, a professor at the Boston University School of Law and former counsel to the U.S. Federal Reserve board of governors.


Gavan Nolan, a credit analyst at Markit, a data provider in London, agreed that changes in the rules “went further than many had presumed, and in a direction that seems to favor the banks.” Still, in a note to clients he added, “the effects shouldn’t be overstated.” The rules “will still make it more difficult to make money, in comparison to the previous era.”


The discussions at Davos may offer clues about whether the Basel decisions foreshadow other concessions..


There is a risk that efforts to rein in financial risk could lose momentum as the Lehman trauma fades, Mr. Hurley said.


“We said to ourselves back in 2008, a crisis is a terrible thing to waste,” he said. “It seems the farther away we get the evidence is that we are wasting it.”


The World Economic Forum tends to be a place for talk rather than action, but it is one of the few events that reliably brings central bankers, regulators, economists, legislators and bankers under one snow-laden roof.


The discussions sometimes have been contentious, as in 2010 when U.S. policy makers like Representative Barney Frank met behind closed doors with top bankers including Brian T. Moynihan, then the chief executive of Bank of America.


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State prisons not ready to end court oversight, official says









SACRAMENTO — A court-appointed monitor said Friday that Gov. Jerry Brown's quest to end judicial oversight in state prisons is "not only premature, but a needless distraction" from improving care for mentally ill inmates.


Special Master Matthew Lopes cited dozens of suicides last year, long isolation instead of treatment and lapses in care as reasons federal oversight should continue.


Lopes' assessment, in a report filed Friday with the U.S. District Court, came after he visited two-thirds of California's prisons. He had intended to see all 33 lockups, he said, but soon determined that only Sacramento — not individual wardens — could fix the underlying problems with mental health treatment in the corrections system.





A spokeswoman for the California Department of Corrections and Rehabilitation said the agency would have a full response to the 609-page report later.


Brown wants the courts to halt oversight of the mental health services and withdraw orders to reduce overcrowding. He declared last week that California has "one of the finest prison systems in the United States" and that inmates get "far better" medical care, including mental health care, in prison than those outside.


Lopes disagreed.


"Any attempt at a more abrupt conclusion to court oversight would be … not only premature but a needless distraction from the important work that is being done in the quality improvement project," he told the court.


He was especially critical of the suicide rate in California prisons.


He said there were at least 32 suicides in state prisons last year, averaging one every 11 days. Lopes said that translates to almost 24 suicides per 100,000 inmates, a 13% increase over 2011 and well above the national suicide rate of 16 deaths per 100,000 prisoners.


The state's high suicide rate prompted a 2010 court order to adopt suicide prevention practices. Lopes said the state has made progress on those steps, but fewer than one out of four prisons hold suicide prevention team meetings as required and only three prisons complied with the requirement for five-day follow-ups with inmates discharged from crisis care.


"The problem of inmate suicides … must be resolved before the remedial phase of the Coleman case can be ended," Lopes wrote, referring to the 2001 lawsuit that led to the appointment of a special master. "The gravity of this problem calls for further intervention. To do any less and to wait any longer risks further loss of lives."


Assistant Secretary of Communications Deborah Hoffman said, "We take suicides very seriously and have one of the most robust suicide prevention programs in the nation."


Lopes also said in his report that all 11 outpatient care hubs in the prison system still conduct inmate counseling sessions in public, despite the need for confidential settings, and 10 of those hubs fail to offer at least 10 hours of structured therapy per week, a provision Lopes said "should be made a priority."


A training program designed to help prison guards interact with mentally ill inmates and mental health providers showed no improvement in use-of-force incidents or missed treatment sessions, Lopes said.


He also documented instances of mentally ill inmates being housed for extended periods in isolation units. At Kern Valley State Prison, mentally ill offenders had been isolated as long as 292 days. The court compliance rate is 30 days.


Families of mentally ill inmates expressed their own frustration.


Blanca Gonzalez said her 31-year-old son's mental state has deteriorated since his incarceration. She said he was put into segregation on Thanksgiving and not moved to a psychiatric unit until last week.


"I am watching my son die in front of me and no one seems to care," Gonzalez said.


paige.stjohn@latimes.com





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Wired Science Space Photo of the Day: Sunset on Mars


On May 19th, 2005, NASA's Mars Exploration Rover Spirit captured this stunning view as the Sun sank below the rim of Gusev crater on Mars. This Panoramic Camera (Pancam) mosaic was taken around 6:07 in the evening of the rover's 489th martian day, or sol. Spirit was commanded to stay awake briefly after sending that sol's data to the Mars Odyssey orbiter just before sunset. This small panorama of the western sky was obtained using Pancam's 750-nanometer, 530-nanometer and 430-nanometer color filters. This filter combination allows false color images to be generated that are similar to what a human would see, but with the colors slightly exaggerated. In this image, the bluish glow in the sky above the Sun would be visible to us if we were there, but an artifact of the Pancam's infrared imaging capabilities is that with this filter combination the redness of the sky farther from the sunset is exaggerated compared to the daytime colors of the martian sky. Because Mars is farther from the Sun than the Earth is, the Sun appears only about two-thirds the size that it appears in a sunset seen from the Earth. The terrain in the foreground is the rock outcrop "Jibsheet", a feature that Spirit has been investigating for several weeks (rover tracks are dimly visible leading up to Jibsheet). The floor of Gusev crater is visible in the distance, and the Sun is setting behind the wall of Gusev some 80 km (50 miles) in the distance.


This mosaic is yet another example from MER of a beautiful, sublime martian scene that also captures some important scientific information. Specifically, sunset and twilight images are occasionally acquired by the science team to determine how high into the atmosphere the martian dust extends, and to look for dust or ice clouds. Other images have shown that the twilight glow remains visible, but increasingly fainter, for up to two hours before sunrise or after sunset. The long martian twilight (compared to Earth's) is caused by sunlight scattered around to the night side of the planet by abundant high altitude dust. Similar long twilights or extra-colorful sunrises and sunsets sometimes occur on Earth when tiny dust grains that are erupted from powerful volcanoes scatter light high in the atmosphere.


Image: NASA/JPL/Texas A&M/Cornell [high-resolution]


Caption: NASA/JPL/Texas A&M/Cornell

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