Could Outgoing Republicans Hold Keys to 'Cliff' Deal?

Nov 30, 2012 1:45pm

AP Photo/Carolyn Kaster

The outlook for reaching some sort of bipartisan agreement on the so-called “fiscal cliff” before the Dec. 31 deadline is looking increasingly grim. Shortly after noon today, House Speaker John Boehner, R-Ohio, appeared before the cameras to say the talks had reached a “stalemate.”

But there may be a glimmer of hope. There are currently 33 outgoing members of Congress — they’re either retiring or were defeated last month — who have signed the Grover Norquist pledge stating that they will not raise taxes. Those members, particularly the ones who have traditionally been somewhat moderate, could hold the key to that stance softening.

“You have 33 people who do not have to worry about the future political consequences of their vote,” said ABC political director Amy Walter. “These are people who theoretically can vote based purely on the issue rather than on how it will impact their political future.”

One outgoing member has publicly indicated a willingness to join with Obama and the Democrats on a partial deal.

“I have to say that if you’re going to sign me up with a camp, I like what Tom Cole has to say,” California Republican Rep. Mary Bono Mack said on CNN on Thursday. Cole is the Republican who suggested that his party vote to extend the Bush tax-rates for everyone but the highest income earners and leave the rest of the debate for later. Mack’s husband, Connie, however, also an outgoing Republican member of Congress, said he disagreed with his wife.

But in general, among the outgoing Republican representatives with whom ABC News has made contact, the majority have been vague as to whether or not they still feel bound by the pledge, and whether they would be willing to raise tax rates.

“[Congressman Jerry Lewis] has always been willing to listen to any proposals, but there isn’t,” a spokesman for Rep. Lewis, Calif., told ABC News. “He’s said the pledge was easy because it goes along with his philosophy that increasing tax doesn’t solve any problems. However, he’s always been willing to listen to proposals.”

“Congressman Burton has said that he does not vote for tax increases,” a spokesman for Dan Burton, Ind., said to ABC.

“With Representative Herger retiring, we are leaving this debate to returning members and members-elect,” an aide for Wally Herger, Calif., told ABC News.

The majority of Congress members will likely wait until a deal is on the table to show their hand either way. However, it stands to reason that if any members of Congress are going to give in and agree to raise taxes, these would be the likely candidates.

An agreement will require both sides to make some concessions: Republicans will need to agree to some tax increases, Democrats will need to agree to some spending cuts. With Republicans and Democrats appearing to be digging further into their own, very separate territories, the big question is, which side will soften first?

Read More..

Hong Kong Disneyland turns profitable

HONG KONG: Hong Kong's struggling Disneyland has posted its first profit since opening seven years ago thanks to an increase in mainland Chinese visitors, a report said on Friday, as it considers opening new hotels.

The news will come as a welcome relief for the resort, which has battled below-forecast visitor numbers since opening in 2005, while doubts about its future have swirled since China gave permission for a park in Shanghai.

The Wall Street Journal report, which cited an unnamed person familiar with the park's financial situation, gave no details.

A Disney spokesman declined to confirm the report when contacted by AFP, saying the park's financial report will be released early next year.

A deal to open Hong Kong Disneyland, which is majority owned by the Hong Kong government, was signed in 1999 as part of a plan to boost the city's economy as it reeled from the Asian financial crisis.

However, it has been desperate to ramp up the number and quality of its attractions as it tries to lure more big-spending visitors from the mainland, while it has also embarked on a huge public-relations campaign.

Walt Disney Co has also boosted distribution of its television shows across the country, while it also runs nearly 24 hours of weekly programming, the Journal said.

It seems there has been some success. The report said attendance jumped to 5.94 million visitors in the year to September 2011 from 4.5 million in 2008.

It also said the proportion of mainland visitors reached 45 per cent in fiscal 2011, compared with 34 in 2006, while Hong Kong residents made up just 31 per cent, down from 41 per cent.

The park in January said it posted its smallest annual loss for the fiscal year ending October 1, 2011, after enjoying a 13 per cent rise in visitors and a surge in hotel occupancy.

Net loss fell to HK$237 million (US$30.5 million), less than half its net loss of HK$718 million in 2010.

Critics have attributed much of the park's struggles to its size -- it is the smallest of all Disney's theme parks -- and a lack of attractions.

The resort, including two hotels, covers about 310 acres (125 hectares).

However, the report said the park's investors are discussing plans to add new hotels to the resort to increase overseas arrivals.

Adding to the resort's problems was news that the Chinese government had given permission for the building of a US$3.7 billion Shanghai Disneyland, which is expected to open in 2016 and could provide stiff competition.

- AFP/xq

Read More..

Gujarat polls: Anti-Modi cop Sanjiv Bhatt's wife Shweta Bhatt to contest against Narendra Modi

AHMEDABAD: Suspended IPS officer Sanjiv Bhatt's wife Shweta to contest Gujarat election against CM Narendra Modi on Congress ticket from Maninagar.

A Gujarat court had filed charges against Bhatt and six policemen who are accused in the 1990 Khambalia custodial death case on November 9. Sanjiv Bhatt had said that he had been targeted by Chief Minister Narendra Modi and alleged that evidence related to the 2002 Gujarat riots has been selectively destroyed and hence an inquiry should be ordered into the same.

"These are state control room records, state intelligence bureau control room records which reflect as to how the situation developed, what information came in, what instructions were given. These are the very documents which can create a picture where an inquisition is ordered. Those very documents are either destroyed or they are not available. This is a clear cut attempt by the state to conceal and withhold information and a failure on the part of SIT to get hold of those records or at least get them preserved. And even these raises questions as to why the commission did not requisition those records," Bhatt had said.

Read More..

Pictures: Inside the World's Most Powerful Laser

Photograph courtesy Damien Jemison, LLNL

Looking like a portal to a science fiction movie, preamplifiers line a corridor at the U.S. Lawrence Livermore National Laboratory's National Ignition Facility (NIF).

Preamplifiers work by increasing the energy of laser beams—up to ten billion times—before these beams reach the facility's target chamber.

The project's lasers are tackling "one of physics' grand challenges"—igniting hydrogen fusion fuel in the laboratory, according to the NIF website. Nuclear fusion—the merging of the nuclei of two atoms of, say, hydrogen—can result in a tremendous amount of excess energy. Nuclear fission, by contrast, involves the splitting of atoms.

This July, California-based NIF made history by combining 192 laser beams into a record-breaking laser shot that packed over 500 trillion watts of peak power-a thousand times more power than the entire United States uses at any given instant.

"This was a quantum leap for laser technology around the world," NIF director Ed Moses said in September. But some critics of the $5 billion project wonder why the laser has yet to ignite a fusion chain reaction after three-and-a-half years in operation. Supporters counter that such groundbreaking science simply can't be rushed.

(Related: "Fusion Power a Step Closer After Giant Laser Blast.")

—Brian Handwerk

Published November 29, 2012

Read More..

Man Arrested in Fla. Girl's 1993 Disappearance

Police have arrested a 42-year-old man and charged him with murder in the case of a Florida girl who vanished almost 20 years ago.

Andrea Gail Parsons, 10, of Port Salerno, Fla., was last seen on July 11, 1993, shortly after 6 p.m. She had just purchased candy and soda at a grocery store when she waved to a local couple as they drove by on an area street and honked, police said.

Today, Martin County Sheriff's Department officials arrested Chester Duane Price, 42, who recently lived in Haleyville, Ala., and charged him with first-degree murder and kidnapping of a child under the age of 13, after he was indicted by a grand jury.

Price was acquainted with Andrea at the time of her disappearance, and also knew another man police once eyed as a potential suspect, officials told ABC News affiliate WPBF in West Palm Beach, Fla.

Handout/Martin County Sheriff's Office

"The investigation has concluded that Price abducted and killed Andrea Gail Parsons," read a sheriff's department news release. "Tragically, at this time, her body has not been recovered."

The sheriff's department declined to specify what evidence led to Price's arrest for the crime after 19 years or to provide details to ABCNews.com beyond the prepared news release.

Reached by phone, a sheriff's department spokeswoman said she did not know whether Price was yet represented by a lawyer.

Price was being held at the Martin County Jail without bond and was scheduled to make his first court appearance via video link at 10:30 a.m. Friday.

In its news release, the sheriff's department cited Price's "extensive criminal history with arrests dating back to 1991" that included arrests for cocaine possession, assault, sale of controlled substance, aggravated assault with a deadly weapon and violation of domestic violence injunction.

"The resolve to find Andrea and get answers surrounding the circumstances of her disappearance has never wavered as detectives and others assigned have dedicated their careers to piecing this puzzle together," Martin County Sheriff Robert L. Crowder said in a prepared statement. "In 2011, I assigned a team of detectives, several 'fresh sets of eyes,' to begin another review of the high-volume of evidence that had been previously collected in this case."

A flyer dating from the time of Andrea's disappearance, and redistributed by the sheriff's office after the arrest, described her as 4-foot-11 with hazel eyes and brown hair. She was last seen wearing blue jean shorts, a dark shirt and clear plastic sandals, according to the flyer.

The sheriff's department became involved in the case after Andrea's mother, Linda Parsons, returned home from work around 10 p.m. on July 11, 1993, to find her daughter missing and called police, according to the initial sheriff's report.

Read More..

High-powered ‘Fix the Debt’ group draws attention, scrutiny in Washington

In the discussions about the “fiscal cliff” consuming Washington, a powerful new group stands out, touting the virtue of bipartisanship and shared sacrifice.

The business leaders who set up the Campaign to Fix the Debt appear nearly every day on network talk shows and have won coveted time with President Obama in pushing for increased tax revenue, reduced government spending, and changes to Social Security and Medicare. The group’s leaders met Wednesday with lawmakers on Capitol Hill and returned, yet again, to the White House.

Read More..

New Chinese passports "counterproductive": Indonesia

JAKARTA: Indonesia's foreign minister said in an interview published on Thursday that new Chinese passports featuring a map laying claim to disputed islands were "counterproductive".

Although it is not a claimant itself, Indonesia has mediated in the dispute between China and several members of the Association of Southeast Asian Nations (ASEAN).

It is also a major supplier of commodities to China, which is increasingly exploring mines and constructing smelters in Indonesia to fuel its economy.

Indonesian Foreign Minister Marty Natalegawa, who has hopped between claimant nations this year over the issue, warned that the passports would worsen the already-tense dispute and said Jakarta would convey its position to Beijing.

"These actions are counterproductive and will not help settle the disputes," he said in an interview with the Jakarta Post daily.

"We perceive the Chinese move as disingenuous, like testing the water, to see its neighbours' reactions," he said.

He said ASEAN should concentrate on finalising a code of conduct as a first step to alleviate tensions over the issue.

"I hope that we, ASEAN and China can focus on dialogue," he said.

Beijing has infuriated its southern neighbours with its increasingly vocal claim to vast swathes of the South China Sea, with Chinese maps showing a dotted line that runs almost to the Philippine and Malaysian coasts.

The new passports have angered claimants Vietnam and the Philippines, which have refused to stamp the new passports.

India has started stamping its own map onto visas for Chinese visitors as the passports also show the disputed border areas of Arunachal Pradesh and Aksai Chin as Chinese territory.

Beijing has attempted to downplay the diplomatic fallout from the recently introduced passports, with the foreign ministry arguing the maps were "not made to target any specific country".

- AFP/xq

Read More..

US budget crisis fears push down Brent Oil futures

PUNE: Brent crude oil futures fell on Wednesday on fears of a looming budget crisis in the United States, the world's top oil consumer. Brent crude fell 29 cents to $109.58 per barrel by 0940 GMT, after dropping to $109.31 on Tuesday - its lowest since November 20.

US crude shed 27 cents to trade at $86.91 per barrel. Oil traded near the lowest price in a week in New York amid signs of rising supplies in the US and concern that lawmakers are struggling to reach agreement on how to address the nation's deficit.

West Texas Intermediate futures were little changed after slipping 0.6 per cent on Tuesday. Crude for January delivery was at $87.03 a barrel, down 15 cents, in electronic trading on the New York Mercantile Exchange at 8:53 am London time.

The contract decreased 56 cents on Tuesday to $87.18, the lowest since November 20. Prices are down 12 per cent this year. Brent for January settlement slid 25 cents to $109.62 a barrel on the London-based ICE Futures Europe exchange.

The European benchmark contract was at a premium of $22.60 to WTI, compared with $22.69 on Tuesday. Gold fell for a third consecutive day in London on speculation improving economic data in the US will curb demand for the metal as a protection of wealth.

Reports showed on Tuesday that consumer confidence in the US rose to a four-year high and home prices gained by the most since 2010. Gold for immediate delivery fell 0.1 per cent to $1,739.60 an ounce by 9:35 am in London.

Gold for February delivery was down 0.2 per cent at $1,741.90 on the Comex in New York. Silver for immediate delivery fell 0.5 per cent to $33.895 an ounce, after reaching $34.285 on Tuesday, the highest since October 11.

Platinum was 0.5 per cent lower at $1,603.24 an ounce. Palladium slipped 1 per cent to $660.50 an ounce. It reached $672.75 on Tuesday, the highest since October 5. Malaysian palm oil futures eased on Wednesday , dropping for a second straight session on concerns that US fiscal woes could hamper global economic growth and commodity demand.

The benchmark February contract on the Bursa Malaysia Derivatives Exchange fell 0.7 per cent to close at 2,394 ringgit ($784) per tonne. Prices traded in a range of 2,383 to 2,417 ringgit.

Total traded volumes stood at 31,818 lots of 25 tonne each than the usual 25,000 lots. Inventories reached 2.51 million tonne in October , according to the Malaysian Palm Oil Board. Shipments fell 1.8 per cent to 1.28 million tonne in the first 25 days of November from a month earlier, Intertek said on Monday.

Soya bean oil for delivery in January lost 0.5 per cent to 50.17 cents a pound on the Chicago Board of Trade. Soya beans for January delivery dropped 0.3 per cent to $14.4525 a bushel.

Rubber dropped for a third day as concerns grew that a failure to reach an agreement on the US budget will derail a global recovery, curbing demand for the commodity used in tires. The contract for delivery in May, the most-active by volume, fell 1.4 per cent to settle at 255.4 yen a kilogram ($3,121 a metric ton) on the Tokyo Commodity Exchange.

It was a trading holiday for Indian commodity exchanges due to Gurunanak Jayanti on Wednesday.

Read More..

Caterpillar Fungus Has Anti-Inflammatory Properties

In the Tibetan mountains, a fungus attaches itself to a moth larva burrowed in the soil. It infects and slowly consumes its host from within, taking over its brain and making the young caterpillar move to a position from which the fungus can grow and spore again.

Sounds like something out of science fiction, right? But for ailing Chinese consumers and nomadic Tibetan harvesters, the parasite called cordyceps means hope—and big money. Chinese markets sell the "golden worm," or "Tibetan mushroom"—thought to cure ailments from cancer to asthma to erectile dysfunction—for up to $50,000 (U.S.) per pound. Patients, following traditional medicinal practices, brew the fungal-infected caterpillar in tea or chew it raw.

Now the folk medicine is getting scientific backing. A new study published in the journal RNA finds that cordycepin, a chemical derived from the caterpillar fungus, has anti-inflammatory properties.

"Inflammation is normally a beneficial response to a wound or infection, but in diseases like asthma it happens too fast and to too high of an extent," said study co-author Cornelia H. de Moor of the University of Nottingham. "When cordycepin is present, it inhibits that response strongly."

And it does so in a way not previously seen: at the mRNA stage, where it inhibits polyadenylation. That means it stops swelling at the genetic cellular level—a novel anti-inflammatory approach that could lead to new drugs for cancer, asthma, diabetes, rheumatoid arthritis, and cardiovascular-disease patients who don't respond well to current medications.

From Worm to Pill

But such new drugs may be a long way off. The science of parasitic fungi is still in its early stages, and no medicine currently available utilizes cordycepin as an anti-inflammatory. The only way a patient could gain its benefits would by consuming wild-harvested mushrooms.

De Moor cautions against this practice. "I can't recommend taking wild-harvested medications," she says. "Each sample could have a completely different dose, and there are mushrooms where [taking] a single bite will kill you."

Today 96 percent of the world's caterpillar-fungus harvest comes from the high Tibetan Plateau and the Himalayan range. Fungi from this region are of the subspecies Ophiocordyceps sinensis, locally known as yartsa gunbu ("summer grass, winter worm"). While highly valued in Chinese traditional medicine, these fungi have relatively low levels of cordycepin. What's more, they grow only at elevations of 10,000 to 16,500 feet and cannot be farmed. All of which makes yartsa gunbu costly for Chinese consumers: A single fungal-infected caterpillar can fetch $30.

Brave New Worm

Luckily for researchers, and for potential consumers, another rare species of caterpillar fungus, Cordyceps militaris, is capable of being farmed—and even cultivated to yield much higher levels of cordycepin.

De Moor says that's not likely to discourage Tibetan harvesters, many of whom make a year's salary in just weeks by finding and selling yartsa gunbu. Scientific proof of cordycepin's efficacy will only increase demand for the fungus, which could prove dangerous. "With cultivation we have a level of quality control that's missing in the wild," says de Moor.

"There is definitely some truth somewhere in certain herbal medicinal traditions, if you look hard enough," says de Moor. "But ancient healers probably wouldn't notice a 10 percent mortality rate resulting from herbal remedies. In the scientific world, that's completely unacceptable." If you want to be safe, she adds, "wait for the medicine."

Ancient Chinese medical traditions—which also use ground tiger bones as a cure for insomnia, elephant ivory for religious icons, and rhinoceros horns to dispel fevers—are controversial but popular. Such remedies remain in demand regardless of scientific advancement—and endangered animals continue to be killed in order to meet that demand. While pills using cordycepin from farmed fungus might someday replace yartsa gunbu harvesting, tigers, elephants, and rhinos are disappearing much quicker than worms.

Read More..

Powerball Numbers Drawn for Nearly $580M Jackpot

5-23-16-22-29-Powerball 6: Those are the winning numbers for an estimated $579 million Powerball jackpot -- the biggest in history.

After a feverish day that saw hopeful players buying tickets at the rate of 131,000 every minute, lottery officials in Orlando, Fla., drew the winning sequence shortly after 11 p.m.

The results likely will be announced sometime after 2 a.m. Thursday morning.

Identifying the winner, however, could take days -- if there is a winner.

A prior drawing last Saturday night produced no winner. That fact, plus the doubling in price of a Powerball ticket, accounted for the unprecedented richness of the pot.

"Back in January, we moved Powerball from being a $1 game to $2," said Mary Neubauer, a spokeswoman at the game's headquarters in Iowa. "We thought at the time that this would mean bigger and faster-growing jackpots."

That proved true. The total, she said, began taking "huge jumps -- another $100 million since Saturday." It then jumped another $50 million.

The biggest Powerball pot on record until now -- $365 million -- was won in 2006 by eight Lincoln, Neb., co-workers.

In Photos: Biggest Lotto Jackpot Winners

AP Photo/Patrick Semansky

As the latest pot swelled, lottery officials said they began getting phone calls from all around the world.

"When it gets this big," said Neubauer, "we get inquiries from Canada and Europe from people wanting to know if they can buy a ticket. They ask if they can FedEx us the money."

The answer she has to give them, she said, is: "Sorry, no. You have to buy a ticket in a member state from a licensed retail location."

About 80 percent of players don't choose their own Powerball number, opting instead for a computer-generated one.

Asked if there's anything a player can do to improve his or her odds of winning, Neubauer said there isn't -- apart from buying a ticket, of course.

Lottery officials put the odds of winning the $579 Powerball pot at one in 175 million, meaning you'd have been 25 times more likely to win an Academy Award.

Skip Garibaldi, a professor of mathematics at Emory University in Atlanta, provided additional perspective: You are three times more likely to die from a falling coconut, he said; seven times more likely to die from fireworks, "and way more likely to die from flesh-eating bacteria" (115 fatalities a year) than you are to win the Powerball lottery.

Segueing, then, from death to life, Garibaldi noted that even the best physicians, equipped with the most up-to-date equipment, can't predict the timing of a child's birth with much accuracy.

"But let's suppose," he said, "that your doctor managed to predict the day, the hour, the minute and the second your baby would be born."

The doctor's uncanny prediction would be "at least 100 times" more likely than your winning.

Even though he knows the odds all too well, Garibaldi said he usually plays the lottery.

When it gets this big, I'll buy a couple of tickets," he said. "It's kind of exciting. You get this feeling of anticipation. You get to think about the fantasy."

So, did he buy two tickets this time?

"I couldn't," he told ABC News. "I'm in California" -- one of eight states that doesn't offer Powerball.

Read More..