UPDATE: Validus’ Flagstone Re Buy Examined

 Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business.

The deal comes after Validus unsuccessfully tried to buy another reinsurer Transatlantic Holdings Inc last year. Transatlantic’s board, which repeatedly rebuffed Validus, accepted a $3.4 billion stock-and-cash offer from property and casualty insurer Alleghany Corp in November.

Validus will pay $8.43 per Flagstone share – a 19 percent premium to the stock’s Wednesday close. Flagstone shareholders will receive $2 in cash and 0.1935 Validus shares for each share they tender in the offering.

Flagstone’s stock was up 19 percent at $8.39 in late-morning trading on the New York Stock Exchange. Validus shares were marginally up at $33.38.

Validus said it expected the deal to immediately add to its earnings.

The company will assume $250.2 million of Flagstone hybrid junior subordinated deferrable interest debentures, Validus said on a conference call with analysts.

The deal has a break-up fee of $24.2 million, it said.

Flagstone had a diluted book value of $11.52 per share when it reported second-quarter results earlier this month.

Insurers like SeaBright Holdings Inc and Transatlantic have sold for less than book value as the industry evaluates future profitability in the light of low investment returns and increasing competition.

“The price seems very reasonable, possibly enough to attract other bids, and Validus has proven to be a successful acquirer that should benefit from increasing scale and diversification,” Stifel Nicolaus analyst Meyer Shields wrote in a note to clients.

Bermuda-based Validus said Lightyear Capital and Trilantic Capital Partners, which together own more than a fifth of Flagstone, have agreed to the deal.

Hedge fund firm Elliott Associates, run by Paul Singer, owned about 8.7 percent of the reinsurer as of June 30. Elliott, which sometimes takes activist stances in its portfolio companies, held 6,158,490 shares at the end of the second quarter, according to a filing with the U.S Securities and Exchange Commission.

Elliott declined to comment.

Analyst Shields added that he was not worried that Validus was using its own modestly discounted shares to pay for the transaction. Validus is currently trading at a 10 percent discount to book value, according to Thomson Reuters StarMine.

“The transaction … concludes a lengthy and extensive process in which the Board carefully considered a broad range of strategic alternatives,” Flagstone Chief Executive David Brown said in a statement.

Flagstone has been selling non-core businesses to focus on property and casualty reinsurance. The reinsurer sold its Lloyd’s operations and Island Heritage unit in April.

Deutsche Bank advised Validus, while Evercore Partners advised Flagstone.

UPDATE: Validus’ Flagstone Re Buy Examined

 Reinsurer Validus Holdings Ltd said it will buy Flagstone Reinsurance Holdings for about $600 million in cash and stock to boost its property reinsurance business.

The deal comes after Validus unsuccessfully tried to buy another reinsurer Transatlantic Holdings Inc last year. Transatlantic’s board, which repeatedly rebuffed Validus, accepted a $3.4 billion stock-and-cash offer from property and casualty insurer Alleghany Corp in November.

Validus will pay $8.43 per Flagstone share – a 19 percent premium to the stock’s Wednesday close. Flagstone shareholders will receive $2 in cash and 0.1935 Validus shares for each share they tender in the offering.

Flagstone’s stock was up 19 percent at $8.39 in late-morning trading on the New York Stock Exchange. Validus shares were marginally up at $33.38.

Validus said it expected the deal to immediately add to its earnings.

The company will assume $250.2 million of Flagstone hybrid junior subordinated deferrable interest debentures, Validus said on a conference call with analysts.

The deal has a break-up fee of $24.2 million, it said.

Flagstone had a diluted book value of $11.52 per share when it reported second-quarter results earlier this month.

Insurers like SeaBright Holdings Inc and Transatlantic have sold for less than book value as the industry evaluates future profitability in the light of low investment returns and increasing competition.

“The price seems very reasonable, possibly enough to attract other bids, and Validus has proven to be a successful acquirer that should benefit from increasing scale and diversification,” Stifel Nicolaus analyst Meyer Shields wrote in a note to clients.

Bermuda-based Validus said Lightyear Capital and Trilantic Capital Partners, which together own more than a fifth of Flagstone, have agreed to the deal.

Hedge fund firm Elliott Associates, run by Paul Singer, owned about 8.7 percent of the reinsurer as of June 30. Elliott, which sometimes takes activist stances in its portfolio companies, held 6,158,490 shares at the end of the second quarter, according to a filing with the U.S Securities and Exchange Commission.

Elliott declined to comment.

Analyst Shields added that he was not worried that Validus was using its own modestly discounted shares to pay for the transaction. Validus is currently trading at a 10 percent discount to book value, according to Thomson Reuters StarMine.

“The transaction … concludes a lengthy and extensive process in which the Board carefully considered a broad range of strategic alternatives,” Flagstone Chief Executive David Brown said in a statement.

Flagstone has been selling non-core businesses to focus on property and casualty reinsurance. The reinsurer sold its Lloyd’s operations and Island Heritage unit in April.

Deutsche Bank advised Validus, while Evercore Partners advised Flagstone.

Three killed in New Jersey supermarket shootout

Three people, including the gunman, were killed on Friday in a shootout in a New Jersey supermarket, the fourth such incident in the United States in over a month.

Authorities were called to the Pathmark on Route 9 in Old Bridge at about 4 am local time, NBC reported.

A heavy police presence was visible outside the supermarket in New Jersey this morning. SWAT teams had set up a command post in the parking lot of a nearby restaurant.

Friday's incident came just a week after the shooting at the Empire State Building when a "disgruntled" designer, who was sacked from an apparel company, gunned down a former co-worker and then randomly opened fire on the crowded sidewalks before he was shot dead by police.

On August 5, a gunman named Michael Wade Page had fired indiscriminately in a gurudwara in Wisconsin killing six members of the Sikh community and seriously wounding three others.

The frequent shooting rampages across the country have opened a debate on the gun laws.

After the gurudwara shooting, New York Mayor Michael Bloomberg [ Images ] had criticised President Barack Obama [ Images ] and Republican Presidential nominee Mitt Romney for avoiding the issue of gun laws, which he said were putting weapons in the hands of "dangerous people".

On July 20, a shooting massacre at a theatre in Aurora, Colorado -- where a gunman opened fire during a screening of the batman movie 'the Dark Knight [ Images ] Rises' -- left 12 people dead and over 50 injured.

© Copyright 2012 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

India-Pak signals from Iran point to early polls

If the Congress decides in favour of mid-term polls, a visit to Pakistan by the prime minister could prove unwise and counter-productive, says B Raman

Pakistani media reports on the meeting between Prime Minister Manmohan Singh [ Images ] and Pakistan President Asif Ali Zardari [ Images ], on the margins of the Non Aligned Movement Summit in Tehran on August 29, are tinged with ill-concealed disappointment over the perceived reluctance of our PM to make a definitive commitment over a possible visit by him to Pakistan.

A few weeks ago, Zardari was reported to have written to Dr Singh, inviting him to visit the Sikh holy shrines in and around Lahore [ Images ] in November.

According to reliable Pakistani sources, no formal reply to the invitation has so far gone to Islamabad [ Images ] from New Delhi [ Images ]. Pakistani leaders were hoping that some positive indications of a likely acceptance of the invitation might be forthcoming during the meeting between the two leaders in Tehran.

The indications from New Delhi before our PM's departure for Tehran -- that India [ Images ] would not be taking up with Pakistan the allegations of the Pakistani State's role in dissemination of exaggerated and false accounts of the recent anti-Muslim violence in Myanmar and India through cyber space with the help of morphed images to create panic among the people from North-East living in south India and Pune -- added to the Pakistani hopes of a positive reply from our prime minister.

Before the PM's departure for Tehran, sections of the Indian media had carried what appeared to be authoritative though unattributed reports that Dr Singh would not raise this issue with Zardari for want of evidence regarding any role of the Pakistani State in its dissemination.

This lowered the somewhat high temperature created following earlier briefings from officials of the Union home ministry insinuating a possible role of the Pakistani State agencies.

According to Pakistani journalists who had accompanied Zardari to Tehran, Dr Singh confined himself to reiterating the importance of early and satisfactory prosecution of the master conspirators of the 26/11 terror strike in Mumbai [ Images ], who are now facing a trial before a special anti-terrorism tribunal in Rawalpindi. He was reported to have stated that effective action by Pakistan to take the trial to its logical conclusion would be an important confidence-building measure.

While Pakistani sources describe the atmosphere during the discussions as good, there is disappointment over the continuing reluctance of the prime minister to visit Pakistan. It is stated that while keeping open the possibility of a visit at an appropriate time, Dr Singh was disinclined to give definitive indications of dates.

According to reliable Pakistani sources, Dr Singh was a little more cautious on the question of a possible visit by him to Pakistan than he was during the visit of Zardari to Delhi in April.

Despite the implication of Pakistani agencies by Abu Jundal, the Indian terrorist belonging to the Lashkar-e-Tayiba [ Images ] who had played a major role in the orchestration from Karachi of the 26/11 terrorist strikes, there have been no negative factors of a serious nature in the bilateral relations since Zardari's visit.

If reports from my Pakistani sources -- of an extra-cautious Dr Singh on the question of a visit to Pakistan -- are correct, it is my assessment that this could not be due to any fresh negative factors in the bilateral relations. This could be more due to the fact that the Congress party is toying with the idea of mid-term polls either this year-end or in the beginning of next year.

In the calculations of the Congress party, simultaneous polls to the Lok Sabha and the Gujarat assembly would keep Narendra Modi [ Images ], the chief minister of Gujarat, bottled up in his own state and come in the way of his playing an active role in the campaign in the rest of India. Early polls would also prevent activist Anna Hazare and his followers from politically organising themselves.

If the Congress decides in favour of mid-term polls, any new initiative in Indo-Pakistan relations -- such as a visit to Pakistan by the prime minister -- could prove unwise and counter-productive.

Hence, the prime minister's reported extra caution during his talks with Zardari in Tehran.

I hope Rahul seriously considers joining govt: PM

Prime Minister Manmohan Singh [ Images ] on Friday said he is sincerely hoping that Congress leader Rahul Gandhi [ Images ] will "seriously" consider his request to join the government.

"I have always been favouring that Rahul Gandhi should play a more active role in the government. I have invited him to be a member of the Cabinet on several occasions. I sincerely hope that this time he will consider it very seriously, my request," Dr Singh said when asked about his earlier remarks that Gandhi should play a more active role in the government.

However, the prime minister also said he was not aware of what was going on in the mind of the young leader.

"I do not know what he is planning to do," he said.

Dr Singh's remarks come in the wake of growing clamour in the party that Rahul Gandhi should play a bigger role in it and the government.

© Copyright 2012 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

ACE announces raft of appointments

ACE Group has announced that it has bolstered its claims team in the Europe, Middle East and Africa (EMEA) region as part of its ongoing effort to enhance the claims service for customers.

Steve Parry has been promoted to head of UK and Ireland Claims, a role to which he brings more than a quarter of a century of experience within the sector.

Parry, who has been with ACE for six years, will be directly responsible to Claims Director, EMEA and International Casualty Claims Executive Peter Murray, to Regional President, UK and Ireland David Robinson and to President, ACE Global Markets Matthew Shaw.

Following his appointment Multinational Claims Client Executive Graham Chesman will increase his focus upon claims management for the firm’s multinational client segment.

Elsewhere, Andrew McAvan has been promoted to Property Claims Manager, ACE European Group and Steve Crabb has been promoted to Political Risk and Energy Claims Manager.

Darren Farrup returns to ACE European Group after a stint in Asia Pacific and occupies the post of Personal and Business Insurance Claims Manager.

Outside of London, where all the above appointments have been made with immediate effect, Eric Merville joins ACE as Director of Claims for Continental, Central and Eastern Europe and Blandine Thiry assumes the newly created role of Continental Europe Claims Operations Manager.

Tags: ,

Category: Employment News, Insurance News

ACE announces raft of appointments

ACE Group has announced that it has bolstered its claims team in the Europe, Middle East and Africa (EMEA) region as part of its ongoing effort to enhance the claims service for customers.

Steve Parry has been promoted to head of UK and Ireland Claims, a role to which he brings more than a quarter of a century of experience within the sector.

Parry, who has been with ACE for six years, will be directly responsible to Claims Director, EMEA and International Casualty Claims Executive Peter Murray, to Regional President, UK and Ireland David Robinson and to President, ACE Global Markets Matthew Shaw.

Following his appointment Multinational Claims Client Executive Graham Chesman will increase his focus upon claims management for the firm’s multinational client segment.

Elsewhere, Andrew McAvan has been promoted to Property Claims Manager, ACE European Group and Steve Crabb has been promoted to Political Risk and Energy Claims Manager.

Darren Farrup returns to ACE European Group after a stint in Asia Pacific and occupies the post of Personal and Business Insurance Claims Manager.

Outside of London, where all the above appointments have been made with immediate effect, Eric Merville joins ACE as Director of Claims for Continental, Central and Eastern Europe and Blandine Thiry assumes the newly created role of Continental Europe Claims Operations Manager.

Tags: ,

Category: Employment News, Insurance News

ACE announces raft of appointments

ACE Group has announced that it has bolstered its claims team in the Europe, Middle East and Africa (EMEA) region as part of its ongoing effort to enhance the claims service for customers.

Steve Parry has been promoted to head of UK and Ireland Claims, a role to which he brings more than a quarter of a century of experience within the sector.

Parry, who has been with ACE for six years, will be directly responsible to Claims Director, EMEA and International Casualty Claims Executive Peter Murray, to Regional President, UK and Ireland David Robinson and to President, ACE Global Markets Matthew Shaw.

Following his appointment Multinational Claims Client Executive Graham Chesman will increase his focus upon claims management for the firm’s multinational client segment.

Elsewhere, Andrew McAvan has been promoted to Property Claims Manager, ACE European Group and Steve Crabb has been promoted to Political Risk and Energy Claims Manager.

Darren Farrup returns to ACE European Group after a stint in Asia Pacific and occupies the post of Personal and Business Insurance Claims Manager.

Outside of London, where all the above appointments have been made with immediate effect, Eric Merville joins ACE as Director of Claims for Continental, Central and Eastern Europe and Blandine Thiry assumes the newly created role of Continental Europe Claims Operations Manager.

Tags: ,

Category: Employment News, Insurance News

ACE announces raft of appointments

ACE Group has announced that it has bolstered its claims team in the Europe, Middle East and Africa (EMEA) region as part of its ongoing effort to enhance the claims service for customers.

Steve Parry has been promoted to head of UK and Ireland Claims, a role to which he brings more than a quarter of a century of experience within the sector.

Parry, who has been with ACE for six years, will be directly responsible to Claims Director, EMEA and International Casualty Claims Executive Peter Murray, to Regional President, UK and Ireland David Robinson and to President, ACE Global Markets Matthew Shaw.

Following his appointment Multinational Claims Client Executive Graham Chesman will increase his focus upon claims management for the firm’s multinational client segment.

Elsewhere, Andrew McAvan has been promoted to Property Claims Manager, ACE European Group and Steve Crabb has been promoted to Political Risk and Energy Claims Manager.

Darren Farrup returns to ACE European Group after a stint in Asia Pacific and occupies the post of Personal and Business Insurance Claims Manager.

Outside of London, where all the above appointments have been made with immediate effect, Eric Merville joins ACE as Director of Claims for Continental, Central and Eastern Europe and Blandine Thiry assumes the newly created role of Continental Europe Claims Operations Manager.

Tags: ,

Category: Employment News, Insurance News

ACE announces raft of appointments

ACE Group has announced that it has bolstered its claims team in the Europe, Middle East and Africa (EMEA) region as part of its ongoing effort to enhance the claims service for customers.

Steve Parry has been promoted to head of UK and Ireland Claims, a role to which he brings more than a quarter of a century of experience within the sector.

Parry, who has been with ACE for six years, will be directly responsible to Claims Director, EMEA and International Casualty Claims Executive Peter Murray, to Regional President, UK and Ireland David Robinson and to President, ACE Global Markets Matthew Shaw.

Following his appointment Multinational Claims Client Executive Graham Chesman will increase his focus upon claims management for the firm’s multinational client segment.

Elsewhere, Andrew McAvan has been promoted to Property Claims Manager, ACE European Group and Steve Crabb has been promoted to Political Risk and Energy Claims Manager.

Darren Farrup returns to ACE European Group after a stint in Asia Pacific and occupies the post of Personal and Business Insurance Claims Manager.

Outside of London, where all the above appointments have been made with immediate effect, Eric Merville joins ACE as Director of Claims for Continental, Central and Eastern Europe and Blandine Thiry assumes the newly created role of Continental Europe Claims Operations Manager.

Tags: ,

Category: Employment News, Insurance News

CAG Vinod Rai has political ambitions, slams Digvijay

Congress leader Digvijay Singh [ Images ] on Friday targeted Comptroller and Auditor General Vinod Rai suggesting he has a political agenda like one of his controversial predecessors T N Chaturvedi, who had given a report on Bofors issue and soon after joined the Bharatiya Janata Party [ Images ].

Hitting out at the national audit body for computing "imaginative losses" in coal blocks allocation and setting a precedent by going to press, he said,"I am reminded somewhat of the history of Chaturvedi, whenever I view about him (Rai)".

Singh said that the then Chaturvedi had given his report on Bofors on which the BJP created ruckus and did not allow Parliament to run.

"And after his retirement, he (Chaturvedi) became an MP of BJP. Therafter he became the Governor. This is history," Singh said.

Turning to Rai, he said with due regards to him, "I want to point out the manner in which CAG's reports are coming out since 2004, which are without facts and which speak of imaginary losses.

"An atmosphere is being created in the whole country that there have been scams of crores of rupees."

Ridiculing the approach of the CAG, he wanted Rai not to forget that India [ Images ] is a democratic welfare state, where huge sums are given for subsidy in PDS, fertilizers and petroleum products.

"Tomorrow, the CAG may say that a scam happened as the government gave so much of subsidy in the PDS, fertilizer and petroleum products," he said.

"These are totally imaginative figures. I have my objection to it. These figures have no solid base. I will request the honourable members of the Public Accounts Committee to dicuss with the CAG and his team on all these issues," Singh said.

The AICC generally secretary also targeted the BJP for disrupting Parliament over the issue reminding that its own chief ministers had opposed the auction route.

© Copyright 2012 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Will brand Biharis 'infiltrators', warns Raj Thackeray

Last updated on: August 31, 2012 16:48 IST

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MNS chief Raj Thackeray addressing a rally in Mumbai

Maharashtra Navnirman Sena chief Raj Thackeray on Friday threatened to brand Biharis as "infiltrators" and force them out of Maharashtra if authorities in Bihar take legal action against Mumbai policemen who picked up a teenager from there without informing their counterparts in that state.

Thackeray, whose party has often launched violent campaigns against Hindi-speaking people in Maharashtra, was reacting to a media report that Bihar chief secretary Navin Kumar has written to Mumbai police commissioner voicing displeasure over the arrest of the youth for vandalising the martyr's memorial during Azad Maidan protest on August 11.

Thackeray said the Bihar chief secretary had threatened legal action against Mumbai police.

"The letter says Mumbai police has to get in touch with the Bihar government before picking up any person from their state. If Mumbai crime branch picks up people from their state without the knowledge of the Bihar police they would face legal action," he said referring to the purported latter.

"If the Bihar government tries to become a hurdle in the way of a police investigation, then my party would dub every Bihari in Maharashtra as an infiltrator and would force them to leave the state," an angry Thackeray said.

Please click NEXT to read further...


Image: MNS chief Raj Thackeray addressing a rally in Mumbai
Photographs: Sahil Salve

Last updated on: August 31, 2012 16:48 IST

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Bihar Chief Minister Nitish Kumar

"The person who desecrated the Amar Jawan memorial was arrested from Bihar. I would like to tell the Bihar chief secretary that because of your state, the crime rate (in Maharashtra) has gone up," he said.

Abdul Qadir Mohammed Younus Ansari (19) was picked up by Mumbai Crime Branch on Monday from Sitamarhi in Bihar for vandalising the Amar Jawan Memorial near Azad Maidan during August 11 rioting at a protest called against alleged atrocities on Muslims in Assam and Myanmar. Two protesters were killed and over 50 injured, mostly policemen and those from the media.

Thackeray also questioned Bihar Chief Minister Nitish Kumar's silence on the issue.

"Why is Nitish Kumar not saying anything? Where have the leaders from the state and Delhi gone? Why was the chief secretary not slammed for his remarks," he asked.

The MNS leader also demanded Maharashtra Home Minister R R Patil's resignation for failure to control the riots.


Image: Bihar Chief Minister Nitish Kumar

Last updated on: August 31, 2012 16:48 IST

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New IAF chief reaches Jamnagar airbase

Air Chief Marshal N A K Browne on Friday reached Jamnagar to reassure the pilots and technicians at the Indian Air Force airbase there -- which lost nine personnel in a mid-air collision involving two Mi-17 helicopters.

The two choppers belonging to the elite Tactics and Air Combat Development Establishment carrying rockets had collided with each other shortly after take-off from the air base on Thursday, killing all nine personnel on board.

ACM Browne reached the air base soon after taking over as the Chairman, Chiefs of Staff Committee from Admiral Nirmal Verma, who is retiring today.

"ACM Browne, who took over as the COSC earlier in the day, is at Jamnagar to meet the pilots, technicians and ground crew at the base and to reassure them to continue with their mission," said IAF officials.

The Court of Inquiry under an Air Commodore-rank officer has started investigations, they said, adding that the flight data recorder and the cockpit voice recorder have been recovered from the crash site and will help in ascertaining exact reasons behind the crash.

The Air Force chief acknowledged the fine job done by them and urged them to continue to do so with adequate margins of operational safety.

He offered his heartfelt condolences to the bereaved families and assured them full support from the IAF family.

Meanwhile, three An-32s have been deployed by the Air Force to send the bodies of the crash victims to their families at different places including Jaipur [ Images ], Thanjavur, Lucknow [ Images ], Patna, Ambala, Kochi and Pathankot.

© Copyright 2012 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Supreme leader claims Iran won't develop nuclear weapons; Egypt's president criticizes Assad regime

IRAN nuclear weapons,

Iran's Supreme Leader Ayatollah Ali Khameini gave a speech opening the non-aligned movement summit, for heads of states, on Thursday.

"We have gathered here today to inject a new life and stimulus into the Non-Aligned Movement," he said.

In his speech, Khameini claims the country has no interest in producing nuclear weapons.

"I insist that the Islamic Republic of Iran is never seeking nuclear weapons," Khamenei said, rebutting Western and Israeli suspicions that his country was engaged in pursuing such a goal.

"We will never give up the right to peaceful nuclear energy," he said, underlining Iran's determination to push ahead with its atomic program. "Our motto is nuclear energy for all, and nuclear weapons for none," he added.

Furthermore, Khamenei has criticized the UN and especially the Security Council, describing this instance as illogical, unfair and as a relic of the past used by the United States to impose a brutal policy of the world.

"They (the United States) speak of human rights when it is in the interest of the West," said Khamenei. "They talk of democracy and intervene militarily in other countries," continued the cleric.

Meanwhile, in his speech, Egyptian President Mohamed Morsi criticized the government of Syrian President Bashar al-Assad. "Today there is a revolution against the tyrannical regime in Syria. Only foreign effective intervention can help to end the bloodshed in Syria," he added.

"We all have to announce our full solidarity with the struggle of those seeking freedom, dignity and justice in Syria, and translate this sympathy into a clear political vision that supports a peaceful transition to a democratic system of rule that reflects the demands of the Syrian people for freedom,” Morsi stressed.

The speech sparked protests by the Syrian delegation, who stood up and left the room during the speech.

Following Morsi's remarks, the head of the Syrian delegation, Foreign Minister Walid Moallem, accused the Egyptian president of inciting to continue the bloodshed in Syria and interfering in Syria's internal affairs

Opinion:

I do not think that there is a need for the conference to continue till tomorrow. Iran is insisting on its mysterious nuclear program and stressing on Bashar al-Assad remaining as president of Syria.

Obviously, we know very well that none of the states present in this conference will remove sanctions applied on Tehran. Briefly, I think that the conference is unsuccessful and the reason is that all that is happening in Syria of killing and destroying did not get the required attention, but on the contrary Iranians tried to underestimate the miserable situation over there and to draw the attendees' attention to the sanctions on Iran only.

The weird thing is the presence of Syrian delegation headed by Foreign Minister Walid Moallem and not Vice President Farouk al-Sharaa, as previously announced by the regime. The Assad regime trusts that Moallem will not defect, that’s why he has been sent instead of al-Sharaa.

Sources:

http://www.ynetnews.com/articles/0,7340, L-4274850,00.html

http://news.nationalpost.com/2012/08/30/ egypts-president-morsi-slams-oppressive- syrian-regime-in-landmark-visit-to-assad -ally-iran/

RNC roundup: Ryan accused of lying while others worked on deleting George Bush's legacy (Video)

Republican presidenial nominee Mitt Romney and vice presidential nominee Paul Ryan arrive at RNC hall inTampa

TAMPA, Fl]--The battle for supremacy continues as political parties and ideological camps in the media and beyond jockey for the top position. At the Republican National Convention, a bevy of speakers parade nightly across the podium, pushing their party’s favorite rhetoric to get their man elected.

On Wednesday it was Vice Presidential pick young Ryan’s turn and he certainly whipped the conservative crowd into a frenzy. Which kind of reminded me of a former VP pick from Wasilla, Alaska, whose charismatic debut onto the convention stage in 2008, also brought the crowd to a foaming lather. But we know what happened after-- for all was definitely not as it seemed.

Now the concerned folks over at moveon.org and Current TV say VP nominee Paul Ryan was not being entirely truthful during his shining début at the RNC. In fact, they are accusing some on the GOP speaking roster of glaring omissions, spewing half-truths, outright lies and sprinkling fairy dust on their eager supporters, while attempting to bamboozle the listening public beyond those convention walls. Read more on the alleged lies here: The Top 5 Ryan Lies from the GOP convention.

With strong words like “he lies without a conscience,” Current TV guests, which included former Presidential nominee and Vice President Al Gore (D), added “Ryan was strong on rhetoric but short on facts.” Click on the video above to hear host Cenk Uygur, with panelists John Fugelsang, Jennifer Granholm, and former disgraced governor of New York Eliot Spitzer dissect Ryan’s RNC speech.

The intellectual leader of the party wasn’t so intellectual Wednesday night but rather more of a brilliant story teller. He told of balancing the budget in four years; creating 12 million jobs; providing a utopia where his grandma could retire in style and comfort and returning the country to the those who “raped” it in the first place--all that without any data to back up that precipitation of rainbows and rosy glow.

The yarn continued in a spectacular spin as he fudged the facts on the $716 billion he accused President Obama of taking out of Social Security when he knew that wasn’t the case. Moreover he has that exact figure in his budget plan. Ryan even accused the President of closing an auto plant that closed under George W Bush. I told you he was a wizard, of sorts.

One of the most memorable quotes I’ve heard defending young Ryan ‘s “Midsummer’s night Dream” came from former New York Mayor Rudy Giuliani, when he answered a reporter’s query about the lack of facts in the VP nominee’s speech, “Facts aren’t always absolutely accurate.” I couldn’t make this up even if I tried.

Even Fox News' Sally Kohn had this to say about Paul Ryan's RNC Speech,"It was an apparent attempt to set the world record for the greatest number of blatant lies and misrepresentations slipped into a single political speech. On this measure, while it was Romney who ran the Olympics, it was Ryan who got the gold." Yes, you read right, I said Fox News.

Interestingly, while chanting slogans of “we built this, it or that” and promising milk and honey would flow through the streets of a "Xanadu"America under president Mitt Romney, former George W Bush, his VP Dick Cheney and VP nominee Sarah Palin, are all conspicuously M.I.A.

Which begs an intriguing question: if the Republicans want us to buy what they’re selling—that the common denominator in all of America’s woes, is President Barack Hussein Obama—why are they hiding Georgie and company? If GW has a strong record he can stand on; if he did a remarkable job; why is he down played and treated so disloyally by the GOP? HE should be headlining the festivities.

Former Secretary of State during Bush Jr.’s second term, Condi Rice, gave an eloquent rendition of her party’s accomplishments, sans the two wars her “boss” started on credit. To hear her tell it, she served under an illusionary administration for eight years. One of their platforms at the RNC is “we built it,” and at least that is one truth. They did help “built” the deficit to trillions of dollars in too big to fail banks, Wall St. and mortgage giants Fanny and Freddie bailouts before President Obama added some more, trying to fix the inherited disaster.

But it didn’t work as most hoped it would because he didn’t fix the deep-rooted seismic fissure caused by the systemic corruption that is America’s government and the defective ménage a trois between corporations, politicians and lobbyists. Just for the record, VP Ryan and every one of those Republicans posing now as fiscally responsible signed yea for those wars and bailouts and tax breaks for the rich.

The Republican argument that it is time to stop blaming Bush for the abysmal state of the economy might have some merit if they admit he torpedoed it in the first place. If they ‘fess up to being part of the ballooning national debt; if they confess to starting a war based on lies with no exit strategy; if they agree that the stunning wasteful spending in Washington happened under their watch as well; if they share responsibility for contributing heavily to the stagnant, divisive climate on Capitol Hill. Only then, can they point an accusing finger in any other direction but back at themselves.

In their obvious omission of Bush, so much so, that it feels like they have pressed a magical delete button on his eight years at the helm—they have agreed with the Democrats that his record is so bad; so terribly embarrassing, that they cannot make him visible at the RNC podium.

On top of that, their God must have a morbid sense of humor, for seeing eerily familiar scenes played out on the split screen as storm Isaac ravishes Louisiana, Mississippi and New Orleans, while the Republican convention marches on—brings back Bush’s , thus the party’s lowest moment during the hurricane Katrina debacle.

When cries of “Bush doesn’t like black people” rang out from rapper Kanye during a telethon for Katrina's victims, it echoed across black communities suffering from the devastation of the storm and broken levees. I'm sure it feels like déjà vu to many now battling Isaac’s fury, while watching helplessly as their homes vanish under flood waters.

That the RNC has to share the stage with this kind of suffering would seem mystically cosmic, if we all believed in the God of Congresswoman/ presidential candidate Michele Bachmann and controversial evangelical Pat Robertson, who both have attributed natures wrath to God’s.

People suffering, losing their loved ones and homes were seen as a vengeful God punishing us for our sins. Wonder what Bachmann is saying now? God displeased with the GOP? If I was a religious zealot and subscribed to that type of inane insanity, I would agree.

Thankfully, religion and I have not seen eye to eye for quite a while. My heart goes out for those currently suffering through the storm. May they get the help their need this time around.

'Trouble with the Curve' - Eastwood draws laughter at Americans' expense

Clint Eastwood

Clint EastwoodClint Eastwood came to my hometown (Macon, Ga.) this summer to shoot his latest film, "Trouble with the curve," a film about a baseball player struggling to get back to the big leagues.

When Mr. Eastwood came to my attention, he was Rawdy Yates, riding ramrod on a herd on the television series, "Rawhide."

By the time I had reached college he had became the sniper I saw tonight at the GOP convetion, playing "Dirty Harry" in a series of movies that gave Ronald Regan a catch phrase that he used to talk tough to the Soviet Union after he received intelligence that the Soviet economy was about to collaspe.

Then there was a "Fist Full of Dollars," "For One Dollar More" and the "Outlaw Josie Wells." The Romney campaign turned to Dirty Harry tonight to inspire the faithful to get behind his candidacy.

Clint Eastwood came onto the Republican stage tonight and like the actor he is he was given an empty chair as a prop. He began by deadpanning the fact that there are 22 million Americans out of work. He was roundly applauded for this comment. It was as if having 22 million Americans out of work was just what the doctor ordered to give the Republicans a chance to recapture the White House.

But Eastwood did not stop there he went on to lampoon America's engagement in the wars in Iran and Afghanistan. Wars which the country untook rightly or wrongly in frighten times. The audience applauded and cheered his comments. Also as if they liked the fact that thousands of American soliders have either lost their lives or limbs or minds fighting to protect their fellow Americans from those who threaten our shores. After all political points could be scored at the soliders expense. The end goal of replacing President Obama justified the means.

At a time when students are struggling to afford college, Mr. Eastwood lampooned the Presidents efforts at addressing their concerns. Again the audience erupted in hand clapping and cheers. Because they know the misery of the people is cause to argue it is time to replace the President.

Eastwood's lampooning the President by talking to an empty chair tended to cheapen the office of the presidency in ways that a Saturday Night Live skit never has.

While competing in the NCAA Mid-Eastern Regional Baseball playoffs in 1973, I learned that if I buckled my knee I could wait back and drive the curve ball into a gap.

Go ahead Clint, make my day, throw another curve ball, because Americans need a president working to relieve the pains of 22 million unemployed people, the pain of thousand of families torn apart by war and the thousands that cannot afford to attend college.

What America does not need is a group thriving on the misery of others because it could spell political doom for one and political victory for another.

UPA government is MOST corrupt: Arun Jaitley

Sticking to its demand for Prime Minister Manmohan Singh's [ Images ] resignation for the irregularities in coal block allocation, the Bharatiya Janata Party [ Images ] on Friday termed the United Progressive Alliance [ Images ] government as the "most corrupt" and demanded cancellation of 142 allocated coal blocks.

"There is no doubt that this UPA government is the most corrupt government of all times. Earlier, the Bofors scam was considered the biggest, in which Rs 64 crore was taken as bribe," Leader of Opposition in Rajya Sabha Arun Jaitley [ Images ] said at a dharna organised by the Bharatiya Janata Yuva [ Images ] Morcha on the coal block allocation scam.

In the 2G scam, in which the government lost nearly Rs 1.76 lakh crore as highlighted by the CAG, "our prime minister said he was not directly responsible. But now, in the allocation of coal blocks, he is directly responsible as most of them were allocated during the period when the coal ministry was with him," Jaitley said.

He said the government had decided to auction the coal blocks in 2004, but even after the passage of eight years, no action had been taken.

The BJP leader said had the coal blocks been auctioned, the government would have not only earned revenue but would have been able to reduce taxes. This proves that the CAG was almost correct in the presumptive figure of losses.

"We demand that this government cancel the allocation and auction them," Jaitley said.

Referring to the spectrum allocation, he said, "In the auction of 3G spectrum, after 2G scam, the government has earned Rs one lakh crore. And when the government has decided to auction 2G spectrum, the minimum price for it was Rs 14,000 crore against a total of Rs 1,648 crore -- what the government got when they allotted it without auction."

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Hurricane Katrina's 'silver lining': Improved pet care

Isaac is letting sleeping dogs lie. In fact, thanks to advance action from animal-welfare groups, it looks like many pets will survive the storm.

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Tommy Leonard of Port Sulphur, La., brings his dog Snuggles to a rescue spot.

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After Katrina devastated Louisiana and Mississippi pet populations, killing countless animals and even some owners who steadfastly refused to leave their pets behind, the pet stories from Isaac look much more upbeat.

Emergency animal shelters were set up days before the storm hit. Hundreds of pets were ID-tagged and microchipped at emergency clinics over the weekend. Websites are in place for people to post pictures of lost pets. Shelter animals have been moved to facilities in other states to make room for strays.

"If there was a silver lining in Katrina, it is that we have become so much more prepared and so much better aware for animal issues," says Dick Green, a disaster-response director for the American Society for the Prevention of Cruelty to Animals.

"Katrina was a great stimulus for all of us and a catalyst for change."

After Katrina, Congress passed the Pets Evacuation and Transportation Standards Act in 2006, requiring that any state receiving money from the Federal Emergency Management Agency have a plan for pet evacuation.

"In Katrina, there was nowhere to go with your pets. There was nowhere to take them," says Krystyna Szczechowski, marketing specialist at the Humane Society of South Mississippi. "We lost a lot of lives because people wouldn't leave without their pets and a lot of pets' lives because people had no choice but to leave them."

Many people now are taking advantage of evacuation shelters that accept pets or animal shelters that are located right next to Red Cross human shelters.

The South Mississippi Humane Society works with the local bus system, which picks up people to go to human shelters.

"We follow them around with our vehicles so we can transport them and their pets safety to the pet-friendly shelter," Szczechowski says.

For those who do lose their pet in a storm, there is a much better chance for a reunion now than ever before because of Internet networking, says Maura Davies, vice president for communication at the Society for the Prevention of Cruelty to Animals in Texas. "Even as Isaac was about to hit, there were already groups on Facebook who were ready to post pictures of the lost pets of Isaac, and Petfinder.com is ready to do it at the drop of a hat," says Davies. "There was nothing like that during Katrina; we learned as we went."

The Humane Society of South Mississippi injected microchips and put ID tags on more than 450 pets in an emergency clinic over the weekend in an effort to make it easier to find a lost pet.

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For multitasking tips, ask George Stephanopoulos

TAMPA – The red-carpeted floor of the Republican convention hall is divided into three camps: each with their territory staked out and each, with backs turned, ignoring the others. At 6 a.m., the delegates are absent. The few elected officials on scene are getting miked up for interviews. TV holds the floor.

  • George Stephanopoulos at the Republican National Convention Wednesday in Tampa.

    By Robert Hanashiro, USA TODAY

    George Stephanopoulos at the Republican National Convention Wednesday in Tampa.

By Robert Hanashiro, USA TODAY

George Stephanopoulos at the Republican National Convention Wednesday in Tampa.

George Stephanopoulos, co-host of Good Morning America, perches in a tall director's chair located opposite the podium, facing an array of cameras and staffers in headsets. At one end of the hall, Charlie Rose and Norah O'Donnell conduct CBS This Morning from behind a glass-topped desk; at the other sits Today's Matt Lauer. ABC News President Ben Sherwood approaches and gestures at Stephanopoulos, "The 50-yard line! Center court! Center ice!" Sherwood exclaims.

This is television, where executives can act hokey for fun. But like the rest of the enormous media contingent here, Stephanopoulos and his network are trying to provide interesting, insightful coverage of a highly-hyped event that can seem designed to provide little material for doing so. This year, a cutback by networks, and a competing story from Hurricane Isaac have again raised the question: Are conventions — and the reporters covering them — necessary?

Conventions "have been showpieces for a long time. The trick for us is to try to lift the veil a little bit,'' says Stephanopoulos, who also hosts ABC's Sunday chat show, This Week. "The most important thing we can do is to put everything else (viewers) are seeing in context. To make sure they understand how what they're hearing squares with what the candidate has said in the past, squares with what their opponents are saying, and how and whether it meets with where the country is right now."

This is Stephanopoulos' seventh convention as a television journalist. For four conventions before his TV job, he was a top political lieutenant for President Bill Clinton, a star of The War Room, a behind-the-scenes documentary of the 1992 presidential campaign, the White House communications director with a combative relationship with the press, and then the author of a bestselling memoir that gave a sometimes unflattering view of his former boss and then-first lady Hillary Rodham Clinton.

"I still do channel those feelings of what it feels like to come if you're a member of the team or the family and to know that this is your big moment,'' he says. "That clearly revs me up.''

But it's his first convention since he became co-host of Good Morning America and expanded his role from political inquisitor to breakfast-table companion. He gets stopped in public so often by fans — even among Republicans — that he has a security guy, Rocco Castellano, who walks alongside and sometimes ends up snapping the photos fans ask for. His shows are doing well: At the moment, Stephanopoulos is in a good place in the volatile world of television. GMA has overtaken longtime champ Today in total viewership (although not yet in the most desirable 25-54-year-old demographic), and This Week, the Sunday chat show which he has hosted for eight of the past 10 years, has become competitive with Meet the Press and Face the Nation.

Stephanopoulos' already challenging work schedule has ballooned at the conventions: He works an early-morning shift on GMA, then stays up way past his usual 8:45 p.m. ET bedtime to co-anchor the network's primetime convention coverage.

On Wednesday, he taped a 6:30 a.m. interview with Florida Sen. Marco Rubio, did his morning show, then rushed back to the floor in case he was needed for a special report about a plane hijacking — which turned out to be false. In the afternoon, after conference calls about his two shows, a briefing from the Romney campaign, "homework" for upcoming shows and a workout, he took a nap.

He gave interviews to the Extra entertainment show and to a local ABC affilliate. Both asked for his assessment of the presidential race. He does not hesitate to offer an analysis, based in part on his own experience at the top level of presidential politics.

"The line I try to draw, try, is I believe I owe it to the viewers to bring my reporting and my experience to bear on what they're seeing,'' he says. "That's not the same as blowing out opinions, and I try not to do that as well. But I do think one of the things, I hope, that sets me apart is that I have been in and around conventions for an awful long time.''

At 5:45 p.m., wearing a different tie and carrying iced coffee, he headed to the anchor booth built in a skybox in the convention hall to deliver a quick report on the evening broadcast with Diane Sawyer. He goes on the air armed with illegible notes on a legal pad. His iPhone is either in hand or at hand. He is usually chewing gum: Dentyne Ice Arctic Chill.

During the evening news, Stephanopoulos joins Diane Sawyer at the anchor desk. then sits quietly through remote reports from three correspondents along the Gulf Coast before delivering a minute-long report on Romney's need to improve his middle-class support and surprise convention guest Clint Eastwood. During a commercial break, he leaves the cramped anchor booth to make room for another reporter. When he comes out, he shakes his head and smiles. "45 seconds!" he says, with a bit of a wince. Afterward, he interviews former Pennsylvania senator Rick Santorum for the ABC News-Yahoo! live stream. They cram into the anchor booth with Santorum on the end "To the left of George Stephanopoulos!" the conservative favorite jokes about the ex-Clinton aide. Then Stephanopoulos moves back to the main booth for the hour-long primetime coverage with Sawyer.

By Robert Hanashiro, USA TODAY

George Stephanopoulos walks toward the Republican National Convention in Tampa on Wednesday.

The networks cut one night of coverage of the conventions. Hurricane Isaac has been a bigger story. Perhaps most significant, all three broadcast networks were walloped in ratings for the first two nights of coverage by Fox News Channel.

Stephanopoulos says he understands the networks' ambivalence toward covering political conventions. "We still should do it. I believe it, I know it, but it's also hard to argue with someone that points out a lot more people wanted to watch SVU,'' he says.

Some of the burden is with the parties, he says — and some is with the viewers. "If we put it on but no one watches … you can't blame network bosses for saying, 'Why do we do that?''

Obama seeks cash after GOP convention

TAMPA -- Just minutes after the end of the Republican convention, President Obama appealed to his supporters for campaign cash.

"Tonight was their night," Obama wrote in an e-mail. "But our focus must be on tomorrow."

And presumably next week, when Obama and the Democrats hold their own convention in Charlotte, N.C.

The president asked for contributions just ahead of the August reporting deadline; Obama has been out-raised by Republican nominee Mitt Romney for three straight months.

Obama has also expressed concern about Republican Super PAC that can pump millions into the campaign.

The August fundraising deadline "is one of the last we get to build the campaign it takes to win," Obama wrote to his backers.

He added:

I'm proud to be on this team.

Let's go.

Barack

New Cancer Drug Efficiently Targets Breast, Lung And Colon Cancer; Clinical Trials Could Start Within 2 Years

Main Category: Breast Cancer
Also Included In: Lung Cancer;  Colorectal Cancer
Article Date: 31 Aug 2012 - 2:00 PDT

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Legend has it that Ralph Waldo Emerson once said, "Build a better mousetrap, and the world will beat a path to your door." University of Missouri researchers are doing just that, but instead of building mousetraps, the scientists are targeting cancer drugs. In a new study, MU medicinal chemists have taken an existing drug that is being developed for use in fighting certain types of cancer, added a special structure to it, and created a more potent, efficient weapon against cancer.

"Over the past decade, we have seen an increasing interest in using carboranes in drug design," said Mark W. Lee Jr., assistant professor of chemistry in College of Arts and Science. "Carboranes are clusters of three elements - boron, carbon and hydrogen. Carboranes don't fight cancer directly, but they aid in the ability of a drug to bind more tightly to its target, creating a more potent mechanism for destroying the cancer cells."

In the study, Lee and his research team used carboranes to build new drugs designed to shut off a cancer cell's energy production, which is vital for the cell's survival. All cells produce energy through complex, multi-step processes. The key to an effective drug is targeting the process that cancer cells depend on more than healthy cells. By increasing the binding strength of a drug, a smaller dose is required, minimizing side effects and increasing the effectiveness of the therapy. With carboranes, Lee found that the drug is able to bind 10 times more powerfully.

"The reason why these drugs bind stronger to their target is because carboranes exploit a unique and very strong form of hydrogen bonding, the strongest form of interactions for drugs," Lee said.

Lee said that this discovery also will lead to further uses for the drug.

"Too often, after radiation or chemotherapy, cancer cells repair themselves and reinvade the body," Lee said. "This drug not only selectively shuts off the energy production for the cancer cells, but it also inhibits the processes that allow those cancer cells to repair themselves. When we tested our carborane-based drugs, we found that they were unimaginably potent. So far, we have tested this on breast, lung and colon cancer, all with exceptional results."

According to Lee, this is the first study to show systematically how carboranes can improve the activity of a drug. Lee believes this discovery will open additional possibilities of improving drugs that are used to treat other diseases, not just cancer.

"The end result is that these new drugs could be many thousands of times more potent than the drugs that are used in the clinics today," Lee said.

While it will be several years before the new drug would be available on the market, Lee said that clinical trials could begin within the next two years. Additionally, further testing on other types of cancer is underway.

Article adapted by Medical News Today from original press release. Click 'references' tab above for source.
Visit our breast cancer section for the latest news on this subject.
The study was published in the Journal of Medicinal Chemistry, a publication of the American Chemical Society.
University of Missouri-Columbia
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Mystery Surrounding The Death Of Two Sisters Nearly 50 Years Ago Solved By Researchers

Main Category: Bones / Orthopedics
Also Included In: Genetics;  Arthritis / Rheumatology;  Pediatrics / Children's Health
Article Date: 31 Aug 2012 - 1:00 PDT

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Researchers at Mount Sinai School of Medicine have identified the genetic cause of a rare and fatal bone disease by studying frozen skin cells that were taken from a child with the condition almost fifty years ago. Their study, which details how the MT1-MMP gene leads to the disease known as Winchester syndrome, appears in the online edition of The American Journal of Human Genetics.

In 1969, Patricia Winchester, MD, a pediatric radiologist in New York City, was asked to diagnose two young sisters who were losing bone in their hands and feet, developing severe arthritis in their fingers and losing movement of their shoulders, elbows, hips and knees because of osteoporosis. The frozen skin cells that were recently studied by principal investigator, John Martignetti, MD, PhD, and his team of researchers in the Department of Genetics and Genomic Sciences at Mount Sinai, had been taken from one of the sisters. Ultimately, the disease rendered the girls incapable of moving without assistance, and proved fatal.

The cause of the disease has remained unknown until now, when the study's lead authors, post-doctoral students, Rebecca Mosig, PhD and Brad Evans, PhD, zeroed in on the MT1-MMP gene.

"This gene encodes an enzyme that needs to be specifically positioned on the membranes of cells to function correctly," explains Dr. Martignetti. "What we discovered is that these girls had a gene mutation which resulted in incorrect shuttling of the protein. Instead of being directed to the cell surface where it could interact with the outside environment, the mutant protein never reached its final, correct destination and remained trapped in the cell's cytoplasm. Mislocalized, it lost its ability to function and the children developed severe arthritis and bone The enzyme lost its ability to interact with another disease-casuing protein, MMP-2. Dr. Martignetti's team had previously identifed mutations in the MMP-2 gene as the cause of a similar group of bone disorders in children.

The researchers says this recent discovery should provide diagnostic clarity and insight into possible treatments for children with Winchester syndrome, and other bone disorders, and for people in the general population who have osteoporosis and arthritis.

Article adapted by Medical News Today from original press release. Click 'references' tab above for source.
Visit our bones / orthopedics section for the latest news on this subject.
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France, Germany, And The UK Outperform The US On Potentially Preventable Death Rates

Main Category: Preventive Medicine
Also Included In: Public Health
Article Date: 31 Aug 2012 - 1:00 PDT

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The United States lags three other industrialized nations - France, Germany, and the United Kingdom - in its potentially preventable death rate, and in the pace of improvement in preventing deaths that could have been avoided with timely and effective health care, according to a Commonwealth Fund-supported study published as a web first online in Health Affairs. Between 1999 and 2006/2007, the overall potentially preventable death rate among men ages 0 to 74 dropped by only 18.5 percent in the United States, while the rate declined by nearly 37 percent in the U.K. For women, the rate fell by 17.5 percent in the U.S. but by nearly 32 percent in the U.K.

In "In Amenable Mortality - Deaths Avoidable Through Health Care - Progress In the US Lags That of Three European Countries," Ellen Nolte, Director of Health and Healthcare at RAND Europe and Martin McKee, Professor of European Public Health at the London School of Hygiene & Tropical Medicine analyzed amenable mortality trends. Amenable mortality is a measure of deaths before age 75 that could potentially have been prevented by timely access to appropriate health care. The research also looked at death rates for those under 65, as well as deaths between ages 65 and 74 from conditions like treatable cancer, diabetes, infections, and heart disease.

While the pace of improvement was slower in the U.S. for both age groups, the lag was most pronounced among American men and women under age 65, who are more likely to be uninsured and have problems with access to care than those 65 and older, who are eligible for Medicare. By comparison, France, Germany, and the U.K. all provide affordable, universal coverage to their populations regardless of age. "These findings strengthen the case for reforms that will enable all Americans to receive timely and effective health care" said Nolte, lead author of the study.

By 2007, the potentially preventable death rate among U.S. men under age 65 was 69 per 100,000, considerably higher than in the U.K. (53), Germany, (50) and France (37). Death rates for men in this age group have declined more rapidly in all three countries since 1999 than in the United States.

Among women under age 65, the potentially preventable death rate dropped from 64 to 56 per 100,000 in the U.S., from 61 to 46 per 100,000 in the U.K., from 49 to 40 per 100,000 in Germany, and from 42 to 34 per 100,000 in France. For both women and men under age 65, U.S. potentially preventable death rates were higher than the other three countries.

In contrast to the under-65 population, U.S. potentially preventable death rates compared relatively well for men and women ages 65-74, the age when people in the U.S. become eligible for Medicare. However, the U.S. rate of decline in this age group was slower than that in the U.K. and Germany.

"Despite spending about twice as much per person each year on health care as France, Germany or the U.K.- $8,400 in 2010 - the U.S. is increasingly falling behind these countries in terms of progress in lowering the potentially preventable death rate," said Commonwealth Fund President Karen Davis. "The good news is that the Affordable Care Act is already beginning to close the gaps in access to care. When fully implemented, it will cover nearly all Americans, with the potential to put our country on track to improve to levels seen in the best-performing countries."

Article adapted by Medical News Today from original press release. Click 'references' tab above for source.
Visit our preventive medicine section for the latest news on this subject.
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Naroda Patiya case: BJP MLA Kodnani handed 28-yr jail term

A special court on Friday sentenced Maya Kodnani, BJP MLA and former minister in the Narendra Modi government, to 28 years imprisonment and handed life term to Bajrang Dal leader Babu Bajrangi in the 2002 post-Godhra Naroda Patiya riots case.

Kodnani and Bajrangi are among the 32 people convicted by a special court in the Naroda Patiya riots case on Wednesday, in which, 97 people  belonging to the minority community were killed.

Kodnani would serve the jail term under different Sections of the IPC; 10 years under Section 326 and 18 years under Sections 120 (B)(criminal conspiracy), 302 (murder) and 307 (attempt to murder).

Special court judge Jyotsana Yagnik convicted them on charges of conspiracy and murder in the case, even as 29 other accused were acquitted.

Kodnani, a three-time MLA from Naroda area, who was considered to be close to Chief Minister Narendra Modi, is the first woman and first MLA to be convicted in a post-Godhra riots case.

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