Wednesday, October 16, 2013

Short-term debt deal won't mask big barriers ahead

A view of the U.S. Capitol building on Tuesday, Oct. 15, 2013 in Washington. The partial government shutdown is in its third week and less than two days before the Treasury Department says it will be unable to borrow and will rely on a cash cushion to pay the country's bills. (AP Photo/ Evan Vucci)







A view of the U.S. Capitol building on Tuesday, Oct. 15, 2013 in Washington. The partial government shutdown is in its third week and less than two days before the Treasury Department says it will be unable to borrow and will rely on a cash cushion to pay the country's bills. (AP Photo/ Evan Vucci)







(AP) — Hold the champagne.

Even if Congress reaches a last-minute or deadline-busting deal to avert a federal default and fully reopen the government, elected officials are likely to return to their grinding brand of brinkmanship — perhaps repeatedly.

House-Senate talks are barely touching the underlying causes of debt-and-spending stalemates that pushed the country close to economic crises in 2011, last December and again this month.

Late Tuesday, the GOP-controlled House dropped efforts to craft a bill to raise the debt limit and fully open the government. House members will wait for the Democratic-controlled Senate to act, which could push a final resolution past Thursday. That's when administration officials say federal borrowing powers will be tapped out.

Still, many in Congress expect a resolution, even if it's a few days late. At best, however, lawmakers and the White House will agree to fund the government and raise the debt limit for only a few months. They also will call for yet another bipartisan effort to address the federal debt's major causes, including restricted revenue growth and entitlement benefits that rise automatically.

And yet, top advocates say they've seen virtually no change in the political dynamics that stymied past efforts for a compromise to end the cycle of brinksmanship and threats to harm the economy.

Republicans still adamantly oppose tax increases. Powerful interest groups and many Democrats still fiercely oppose cuts in Social Security and Medicare benefits. And congressional rules still tempt lawmakers to threaten economic havoc — by sending the nation into default — if the opposing party doesn't yield to their demands.

"We're probably going to have to go through this a few more times," said Bob Bixby of the bipartisan Concord Coalition, which advocates budget reforms. Even if a compromise plan this month wins House, Senate and White House approval, Bixby said, it will leave fundamental problems that "they haven't done anything to address."

Henry J. Aaron, a Brookings Institution scholar who supports unprecedented legal action to avert future debt showdowns, agreed that three or four months of breathing room is a small victory. "If all we achieve is a repetition of this charade," Aaron said, "we will not have achieved much."

The political landscape is littered with once-hopeful bipartisan efforts to reach a "grand bargain" — or even a modest bargain — to slow the growth of the nation's $16.7 trillion debt and to make spending and revenue trends more sustainable.

There was the Simpson-Bowles plan, first issued in 2010, and revised early this year. The revised version called for about $1.3 trillion in new revenues over 10 years, from various sources (about half the original plan's target). It would slow the growth rate of Social Security benefits and raise the eligibility age. It would limit popular tax deductions such as those for charitable gifts and mortgage interest.

The Simpson-Bowles plan remains widely praised nationwide, and largely ignored in Congress.

Then there were the 2011 secret talks between President Barack Obama and House Speaker John Boehner, R-Ohio. Boehner suggested $800 billion in new revenues over 10 years — less than Obama wanted — in exchange for widespread spending cuts, including curbs on Medicare and Social Security.

It was never clear whether Obama could have pushed the plan through the Democratic-controlled Senate. It didn't matter, because Boehner's GOP colleagues vehemently objected when details leaked, and the talks collapsed. Efforts last year to revive negotiations also failed.

A bipartisan congressional "supercommittee" fared no better. Both parties had agreed to supposedly unbearable "sequester" spending cuts to goad each other into big compromises to find a better way. But negotiations faltered and the clumsy-by-design sequester cuts — automatic and across the board — became law this year.

All these efforts failed for the same basic reasons. Liberals and conservatives, Democrats and Republicans, would have had to swallow painful concessions that they don't believe are warranted. The lure of the "common good" couldn't match the power of sharply partisan regions and districts whose voters vow to punish lawmakers who compromise.

Republicans oppose higher taxes, even though today's taxation levels are relatively low, historically. Democrats oppose curbs in the growth of Medicare and Social Security, even though analysts for years have said the automatic growth of these "entitlement" programs is unsustainable long-term.

Americans are accustomed to relatively high levels of government service at relatively low levels of taxation. Millions are unwilling to undo that arrangement in pursuit of deficit reduction.

That makes it easier for powerful, well-financed groups to resist almost any change in government programs or taxes that favor them.

"We've been extremely adamant that Social Security shouldn't be part of this discussion at all," said David Certner, legislative counsel for AARP, the big lobbying group for seniors. Social Security has its own funding source — a payroll tax — Certner said, and it must not "become a piggybank for other programs."

As for Medicare, Certner said, he has never seen so many AARP members loudly declaring, "these are my benefits, I've paid into them over the years," and they must not be reduced.

Countless other interest groups take similarly unyielding stands, say lawmakers and advocates on all sides of the debate. Bixby said such groups "will never be part of a solution."

The bipartisan budget conferees who are envisioned in the debt-and-shutdown proposals in Congress may start with fairly small ambitions, such as looking for ways to replace some of the more painful "sequester" cuts with spending reductions elsewhere. It's not clear whether that would avert another government shutdown and default threat in a few months.

The best hope, Bixby said, is to somehow find "a centrist coalition to pass something" that includes new revenues and curbs to entitlements. But so far, he said, "the consensus has been to shut down rather than compromise."

With a bipartisan accord so hard to reach, some advocates say the president and the courts must find a way to stop congressional factions from extracting concessions from the president's party by threatening a default on U.S. obligations. Aaron said it's legally contradictory to empower Congress to enact spending laws and then threaten to block the higher borrowing cap needed to pay the bills lawmakers incurred.

Aaron wrote in The New York Times, "Failure to raise the debt will force the president to break a law — the only question is which one." The Constitution, he said, requires the president to spend what Congress tells him to spend, collect only those taxes Congress approves "and to borrow no more than Congress authorizes."

Aaron says Obama should ignore the debt ceiling if Congress refuses to lift it in time. The White House rejects that idea, and even Aaron concedes it probably would trigger an impeachment and massive court challenge.

Rep. John Fleming, R-La., summed up the challenge any new bipartisan conferees will face. Asked how the two parties might reach an accord, Fleming suggested Democrats must cave.

"America is catching on to the fact that we have a president who seems unlikely to solve America's problems," he said. "We have two totally different visions of America."

___

Follow Charles Babington on Twitter at https://twitter.com/cbabington

Associated PressSource: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-10-16-Budget%20Battle-Future%20Challenges/id-03d0b23ce8d24cae8a6c42e77d807639
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Power went out during Game 3 of ALCS in Detroit

DETROIT (AP) — A power outage interrupted Game 3 of the American League championship series for 17 minutes.


The lights high atop Comerica Park went out and the videoboards were dark between the top and bottom of the second inning, delaying the game between the Boston Red Sox and Detroit Tigers.


"It appears there was a cable failure in the vicinity of the ballpark that compromised the feed to the stadium," DTE Energy Co. spokeswoman Vanessa Waters said. "That caused the equipment to trip. Crews are investigating the cause of the cable failure and which equipment was effected by the failure."


The Tigers were coming up to bat for a second time with two hits after Justin Verlander held Boston without a hit for the second straight inning when the scoreless game was stopped.


Ten minutes into the stoppage, fans had not been informed how long the game would be delayed. Five minutes later, the Red Sox took their positions in the field.


"John Lackey was given as much time as he needed to warm up prior to the restart of the game," MLB senior vice president Joe Garagiola Jr. said in a statement.


Cable failures — combined with high temperatures — last month forced the closure of the Detroit Institute of Arts and cancellation of classes at Wayne State University's main campus in the city's Midtown. City Hall, the McNamara Federal Building and several court buildings also were closed. And, some traffic lights downtown were out.


Detroit's electrical grid is plagued by aging power transmission lines which intermittently fail under the stress of high demand and heat. The city's poor fiscal condition has delayed wholesale updates and repairs. Power downtown was lost for more than a day beginning June 9, 2011. A year earlier, electricity also was lost to some buildings in the city's downtown and central business district.


The city's system eventually will be turned over to DTE Energy, which provides power to homes and private businesses in Detroit. But that process is going to be very deliberate and take several years, the utility said in September.


Detroit became the largest U.S. city to seek bankruptcy on July 18 when state-appointed emergency manager Kevyn Orr filed a petition in federal court.


A partial power outage in New Orleans during this year's Super Bowl that stopped the game for 34 minutes occurred because a relay device with a design defect malfunctioned.


Source: http://news.yahoo.com/power-went-during-game-3-alcs-detroit-210643803--spt.html
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Analysis: U.S. debt ceiling crisis would start quiet, go downhill fast (reuters)

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Tuesday, October 15, 2013

'Double Life' Depicts A Norman Mailer In, Yet Not Of, The World

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The Elder Scrolls Anthology (for PC)




By Matt Sarrel



The Elder Scrolls Anthology puts the entire Elder Scrolls series, Elder Scrolls Arena, Daggerfall, Morrowind, Oblivion, and Skyrim, and all of the downloadable content in one convenient and beautiful package. The full series is assembled into an elegant book. Each game gets its own folded page, and unfolding each is like a journey into that particular title. Each side of each folded page is designed to convey the mood and aesthetic of each particular game and still they all fit together into the larger aesthetic of the entire book (and series). Merely unboxing the anthology was a journey through the vast and varied landscapes already familiar to me from playing each game as it came out. Physical maps, alas printed on a page not on cloth as in days of yore, complete the scene and bring to life the lands of Tamriel, Iliac Bay, Morrowind, Cyrodiil, and Skyrim.



While this is by no means a necessary purchase for those who already purchased each game separately, it is awfully convenient to have all of them together in one box, and even more so to have all of the downloadable content at hand. This includes the Tribunal and Bloodmoon expansions for Morrowind; Shivering Isles and Knights of Nine are included for Oblivion; and Dawnguard, Hearthfire and Dragonborn are there for Skyrim. This is a lot of gameplay in one box.




The Elder Scrolls is a bundling and a re-release, not a remastering or an upgrade. All of the games appear in their original format – Arena and Daggerfall run within a DOS emulator. Sure, they don't look great, but this is where it all began. Seeing this almost made me gasp with nostalgia.  Seeing all of the games together showed me a much larger and more cohesive storyline than I had noticed previously. Subtle connection became more apparent, and the amazing depth and scope of the individual stories and worlds are even more spectacular than the first time through.


The Elder Scrolls Anthology contains a mind-bogglingly insane amount of exploration. The whole series must be hundreds of hours of gameplay. If you're an RPG fan, then it would be hard to go wrong purchasing this anthology.




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Kickstarter now available in Australia and New Zealand, projects launch on November 13th


Kickstarter now open to Australia and New Zealand, funding begins November 13th


Kickstarter's world conquest continues: following a Canadian launch in the summer, the crowdfunding service is now available in Australia and New Zealand. Creators in both countries can start building their projects today, and launch as soon as November 13th. Locals can accept pledges from anywhere on the planet, although their backers will have to pay through the Kickstarter website rather than Amazon Payments. If you're eager to learn the ropes, the company is hosting its first workshops for the region between October 27th and November 5th. There's no word of expansion to other countries, but it's clear that Kickstarter's international rollout is gathering steam.


Source: http://www.engadget.com/2013/10/15/kickstarter-now-available-in-australia-and-new-zealand/?ncid=rss_truncated
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Cancer costing Europe 'billions'














Cancer costs countries in the European Union 126bn euro (£107bn) a year, according to the first EU-wide analysis of the economic impact of the disease.


The charity Cancer Research UK said it was a "huge burden".


The figures, published in the Lancet Oncology, included the cost of drugs and health care as well as earnings lost through sickness or families providing care.


Lung cancer was the most costly form of the disease.


The team from the University of Oxford and King's College London analysed data from each of the 27 nations in the EU in 2009.


The showed the total cost was 126bn euro and of that 51bn (£43bn) euro was down to healthcare costs including doctors' time and drug costs.


Lost productivity, because of work missed through sickness or dying young, cost 52bn (£44bn) euro while the cost to families of providing care was put at 23bn (£19.5bn) euro.


Overall, richer countries, such as Germany and Luxembourg, spent more on cancer treatment per person than eastern European countries such as Bulgaria and Lithuania.


Lung cancer accounted for more than a tenth of all cancer costs in Europe. The deadly cancer tends to affect people at an earlier age than other cancers so the lost productivity through early deaths is a major factor.


Other issues

However, the overall economic burden is behind the costs of dementia and cardiovascular disease.


An EU-wide study, by the same research group, showed cardiovascular diseases, including high blood pressure and stroke, cost 169bn euro (£144bn) a year while dementia cost 189bn euro (£169bn) in just 15 countries in Western Europe.


Dementia has very high costs associated with long-term care while cardiovascular diseases include such a wide range of conditions it affects many more people than cancer.


One of the researchers, Dr Ramon Luengo-Fernandez, from the Health Economics Research Centre at the University of Oxford, said: "By estimating the economic burden of several diseases it will be possible to help allocate public research funding towards the diseases with the highest burden and highest expected returns for that investment."


Prof Richard Sullivan, from King's College London, said: "It is vital that decision-makers across Europe use this information to identify and prioritise key areas.


"More effective targeting of investment may prevent health care systems from reaching breaking point - a real danger given the increasing burden of cancer - and in some countries better allocation of funding could even improve survival rates."


Sara Osborne, head of policy at Cancer Research UK, said: "The financial impact that cancer has on the economy across Europe due to people dying prematurely from the disease and time off work remains a huge burden.


"This study reinforces why research is vital to improve our understanding of the causes of cancer - so that we lessen the impact of the disease and develop better ways to prevent and treat the illness.


"We also need to understand why the UK's cancer mortality rates remain higher than many EU countries despite a similar spend on cancer care."




Source: http://www.bbc.co.uk/news/health-24493862#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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