Wednesday, December 5, 2012

MF Global customer claims near resolution: trustee

NEW YORK (Reuters) - The trustee overseeing the liquidation of MF Global's failed futures brokerage said he expects the more than 28,000 customer claims that have been filed to be fully resolved within the next few months, according to a report filed in court on Tuesday.

However, further distributions to those customers will hinge largely on the outcome of pending claims against the failed brokerage by its parent company, MF Global Holdings Ltd , and its British affiliate, according to the progress report from trustee James Giddens.

"We are in a critical phase of negotiation and potential litigation right now," said Kent Jarrell, a spokesman for Giddens. "The result of this will determine when and how much in additional distributions we can send back to the former customers, and define the parameters and the size of the claims against the general estate."

In his report, Giddens said that of the more than 28,000 claims filed by the brokerage's commodities and securities customers, all but 200 have been fully resolved. Giddens said he expects the remaining claims to be resolved in the next few months.

A resolved claim means that the customer and trustee have reached an agreement regarding the amount to be paid.

According to the report, more than 27,000 claims were filed by commodities customers. Of those, 26,610 were allowed - meaning that they have been deemed valid by the trustee -representing a value of approximately $6.7 billion.

Of the more than 1,000 claims filed by securities customers, approximately 207 were allowed to proceed, with an estimated value of $276 million, the report stated.

So far, Giddens has returned approximately $4.7 billion to commodities customers hit by the brokerage's collapse.

MF Global's collapse exposed what Giddens estimated to be a $1.6 billion shortfall in customer funds. MF Global filed for bankruptcy in October 2011.

(Editing by Edmund Klamann)

Source: http://news.yahoo.com/mf-global-customer-claims-near-resolution-trustee-033253594--finance.html

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Tuesday, December 4, 2012

New Orleans weekend crime report: Nov. 30-Dec.3 | NOLA.com

This report?comes directly from the?New Orleans Police Department's Major Offense Log for 6 a.m. Friday through 6 a.m. Monday.

FRIDAY, NOV. 30

Unclassified Death

4:52 p.m.

1300 block of Peniston St.

Victim: 71-year-old female

Gist: A landlord went to check on his tenant, and observed the victim lying on her left side and unresponsive when he opened the front door.

Armed Robbery (Gun)

7:02 p.m.

3400 block of Louisa St.

Victim: 23-year-old male

Gist: A man pointed a handgun out of the window of a vehicle, and demanded money. He then took the victim's cash.

SATURDAY, DEC. 1

Homicide (Shooting)

2:10 a.m.

4300 block of Downman Rd.

Victim: 28-year-old male

Gist: The victim was found in the parking lot of a lounge, shot several times in the body. He died at University Hospital.

Homicide/Aggravated Battery (Shooting)

2:43 a.m.

2800 block of S. Roman St.

Victims: Tiara Reynolds, 28 (Deceased), 32-year-old woman, two males

Gist: Police arrived to the scene, and found four people shot. Reynolds was found lying on the sidewalk, shot multiple times. One male victim was shot in the head, and listed in critical condition. One man was shot in the body. The 32-year-old woman was shot in the arm.

Homicide (Shooting)

1:09 p.m.

2400 block of Odin St.

Victim: 16-year-old male

Arrested: 16-year-old male

Gist: The two were playing with a gun. The gun discharged, striking the victim in the face.

SUNDAY, DEC. 2

Aggravated Battery (Cutting)

3 a.m.

500 block of S. Miro St.

Victim: 41-year-old female

Victim: 19-year-old female

Arrested: 35-year-old male

Gist: The victim opened the front door when the perp entered armed with a knife and stabbed the victim in the face. The perp entered the bedroom and physically beat the second victim. At that time, she ran to the kitchen and armed herself with a pot in order to defended herself. The perp sustained a cut to the chest, and was treated at University Hospital.

Unclassified Death

7:10 a.m.

4500 block of Cardenas Dr.

Victim: 56-year-old male

Gist: A witness heard the victim talking with another person. When she woke up Sunday morning, she found the victim lying on the ground unresponsive.

Armed Robbery (Gun)

10:20 a.m.

3000 block of Elysian Fields Ave.

Victim 1: Shell Gas Station

Victim 2: 26-year-old female

Gist: A man entered the business with a towel over his face, and armed with a black semi-automatic weapon. He demanded money from the register and the attendant complied. He then turned to the woman, and demanded her belongings. The subject fled the scene with cash from the register and the woman's wallet.

Armed Robbery (Gun)

12:20 p.m.

3000 block of Gen. de Gaulle Dr.

Victim 1: Magnolia Shell Gas Station

Victim 2: 45-year-old male

Gist: A store employee was approached by a man armed with a gun, who demanded money. The employee complied and the man fled with an unknown amount of cash from the register.

Aggravated Battery (Shooting)

2 p.m.

St. Bernard Ave. and N. Villere St.

Victim: 20-year-old male

Gist: The man was walking in the area when shots rang out. He sustained two gunshot wounds in the right hip and right hand.

Aggravated Battery (Cutting)

3:08 p.m.

4500 block of Hayne Blvd.

Victim: 16-year-old male

Gist: The victim got into a fight with another person, who tried by failed to tase the victim. The person then pulled out a knife and stabbed the victim to the chest. The victim was listed in critical condition.

Aggravated Battery (Cutting)

7:20 p.m.

Victim: 39-year-old woman

Perp: Kim Dumas, 39

Gist: The victim and Dumas got into a physical fight. Dumas broke a wine bottle, and stabbed the victim to the chest. The victim suffered minor lacerations.

Armed Robbery (Gun)

7:55 p.m.

2000 block of Lakeshore Dr.

Victim: 20-year-old male

Gist: As the victim opened his apartment door two unknown black males pointed a hand gun and demanded money. The victim was robbed of cash and various other items.

Aggravated Burglary

10:10 p.m.

5400 block of Pratt Dr.

Victim: 30-year-old male

Gist: The victim was hanging Christmas lights when he was approached by three men wearing hooded sweatshirts and bandanas on their faces, and armed with guns. They forced the victim inside and took several household items.

MONDAY, DEC. 3

Aggravated Battery (Shooting)

1:45 a.m.

1900 block of Seventh Street

Victim: 31-year-old female

Gist: The victim sustained multiple gunshot wounds to the body inside the residence. She was transported to University Hospital in critical condition.

Source: http://www.nola.com/crime/index.ssf/2012/12/new_orleans_weekend_crime_repo_3.html

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Study shows growth in second screen users

NEW YORK (AP) ? Television viewers were once called couch potatoes. Many are becoming more active while watching now, judging by the findings in a new report that illustrates the explosive growth in people who watch TV while connected to social media on smartphones and tablets.

The Nielsen company said that one in three people using Twitter in June sent messages at some point about the content of television shows, an increase of 27 percent from only five months earlier. And that was before the Olympics, which was probably the first big event to illustrate the extent of second screen usage.

"Twitter has become the second screen experience for television," said Deirdre Bannon, vice president of social media at Nielsen.

Social networking is becoming so pervasive that the study found nearly a third of people aged 18-to-24 reported using the sites while in the bathroom.

An estimated 41 percent of tablet owners and 38 percent of smartphone owners used their device while also watching television at least once a day, Nielsen said.

That percentage hasn't changed much; in fact, 40 percent of smartphone owners reported daily dual screen usage a year earlier, Nielsen said. The difference is that far more people own these devices and they are using them for a longer period of time. The company estimated that Americans spent a total of 157.5 billion minutes on mobile devices in July 2012, nearly doubling the 81.8 billion the same month a year earlier.

"There are big and interesting implications," Bannon said. "I think both television networks and advertisers are onto it."

The social media can provide networks with real-time feedback on what they are doing. The performance of moderators at presidential debates this fall was watched more closely than perhaps ever before, because people were instantly taking on Twitter to provide their own critiques.

It also makes for some conflicting information: Twitter buzzed with complaints last summer about NBC's policy of airing many Olympics events from London on tape delay, yet ratings for the prime-time Olympics telecast soared past expectations.

The increase in people watching television and commenting about it online would seem to run counter to another big trend this fall: more people recording programs and watching them at a later hour. Those contrary trends both increase the value of live event programming like awards shows or sporting events.

The Nielsen study also found that 35 percent of people who used tablets while watching TV looked up information online about the program they were watching. A quarter of tablet owners said they researched coupons or deals for products they saw advertised on television

As rapid as the use of social media while on television is growing in the United States, it already lags behind other countries. Nielsen said that 63 percent of people in the Middle East or Africa report using social media while on TV, and 52 percent of people in Latin America.

The U.S. media survey is based on a representative sample of 1,998 adults in Nielsen's panel of Internet users, conducted online between July 19 and Aug. 8. Nielsen's global survey involved more than 28,000 people in 51 countries and was taken between March 23 and April 12, 2011.

Source: http://news.yahoo.com/study-shows-growth-second-screen-users-122518350.html

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Source: http://www.zazzle.com/cats_food_bowl_hearts_pet_food_chef_package_label_sticker-217998139512340302

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Dial back esophageal cancer screening: internists

NEW YORK (Reuters Health) - A group of U.S. internal medicine doctors today recommended limiting esophageal cancer screening to people with chronic heartburn who have additional, more severe symptoms.

Known as upper endoscopy, the screening procedure is often used to diagnose and manage gastroesophageal reflux disease (GERD) - which can be tied to a higher risk of esophageal cancer.

But some of that use may be unnecessary, the American College of Physicians (ACP) said - adding costs and putting patients at risk of side effects without evidence of a clear benefit.

"Not every patient with GERD who comes in should be getting this procedure done," said Dr. Amir Qaseem, ACP's director of clinical policy, who co-wrote the guidelines.

"It's a low-risk procedure, but every procedure carries risk of complications," he told Reuters Health.

During an upper endoscopy, a doctor inserts a flexible tube with a camera, called an endoscope, into the mouth and down the throat. Some patients receive anesthesia beforehand.

Earlier this year, a Reuters Health report suggested another type of screening, transnasal esophagoscopy, is becoming increasingly popular despite a lack of evidence it lowers the risk of dying from esophageal cancer (see Reuters Health story of April 20, 2012: http://reut.rs/I3mkij).

One in 125 men and one in 400 women in the United States will get esophageal cancer in their lifetime, according to the American Cancer Society, and most people who are diagnosed with the disease die within five years.

But there's no evidence that traditional upper endoscopy lowers those risks either, according to the ACP's Clinical Guidelines Committee.

The group laid out recommendations for use of the procedure in people with GERD on Monday in the Annals of Internal Medicine.

Most people with GERD, including patients with heartburn and regurgitation, should start treatment with acid-suppressing drugs and only undergo endoscopy if medication doesn't help them, the committee said. People with more severe symptoms, such as bleeding and frequent vomiting, can go straight to endoscopy to rule out more serious conditions - but screening shouldn't be regularly repeated if the initial test is negative.

In the case of Barrett's esophagus, in which the esophageal lining is damaged by stomach acid, patients with no signs of cancer shouldn't be screened more than once every three years, according to the guidelines.

UNNECESSARY COSTS, RISKS

Even among most people with Barrett's, the risk of cancer is quite low, according to Dr. Lauren Gerson, a gastroenterologist at Stanford University in California who wasn't involved in the new study.

"Use of upper endoscopy beyond the indications listed here is likely to generate unnecessary costs and expose patients to risks without improving clinical outcomes," the committee wrote.

In particular, the ACP does not recommend routine screening for women or adults younger than 50, because their risk of esophageal cancer is much lower than that of older men.

An upper endoscopy costs more than $800. Rare side effects include esophageal perforation, pneumonia and breathing problems. False positives could also lead to more unnecessary tests and procedures with their own set of side effects, Qaseem said.

Although the new guidelines are directed at physicians, Qaseem said it's also important for patients to understand the benefits and limitations of esophageal cancer screening. And people shouldn't be afraid to ask their doctors why they're ordering an endoscopy and whether it's really necessary, he said.

Most cases of GERD, Qaseem added, will not be dangerous and can get better with lifestyle changes, such as weight loss.

"There is evidence that losing weight is effective, not eating late at night is effective, and so-forth," Gerson told Reuters Health.

"That's the first recommendation to patients, to try to make lifestyle changes to reduce their GERD symptoms and try to get off medications, if possible."

SOURCE: http://bit.ly/R1w1Xu Annals of Internal Medicine, online December 3, 2012.

Source: http://news.yahoo.com/dial-back-esophageal-cancer-screening-internists-220044439.html

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Monday, December 3, 2012

Video: Partisan politics slowing negotiations



>> are threatening to derail negotiations to avoid the so-called fiscal cliff. nbc's chief white house correspondent chuck todd has the very latest for us. chuck, good morning.

>> reporter: good morning, natalie. if the adage it's always darkest before the dawn is true here, then maybe this is good news, but other than that it's clear that both the white house and republicans on capitol hill are very far apart. tim geithner obviously issued that final -- the first plan that they want that called for $1.6 trillion in tax hikes and the republicans rejected it out of hand. yesterday on the sunday shows geithner argued that no new offers until the republicans come up with an offer their own, both on taxes. of course, they want tax rates to go up, democrat, that is, republicans have been refusing to do that, but also on entitlements. republicans believe the president should offer up an entitlement reform plan. i can tell you talking with aides, natalie, they don't want any part of that. they want the republicans to own the entitlement reform plan, things on medicare and medicaid. they don't want to own it, so it could be a long week.

>> for you especially. chuck todd there in washington. thanks so much, chuck.

Source: http://video.today.msnbc.msn.com/today/50054510/

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Egypt's top court shuts down, blames protesters

CAIRO (Reuters) - Protests by Islamists allied to President Mohamed Mursi forced Egypt's highest court to adjourn its work indefinitely on Sunday, intensifying a conflict between some of the country's top judges and the head of state.

The Supreme Constitutional Court said it would not convene until its judges could operate without "psychological and material pressure", saying protesters had stopped the judges from reaching the building.

Several hundred Mursi supporters had protested outside the court through the night ahead of a session expected to examine the legality of parliament's upper house and the assembly that drafted a new constitution, both of them Islamist-controlled.

The cases have cast a legal shadow over Mursi's efforts to chart a way out of a crisis ignited by a November 22 decree that temporarily expanded his powers and led to nationwide protests against him and his Muslim Brotherhood group.

The court's decision to suspend its activities appeared unlikely to have any immediate impact on Mursi's drive to get the new constitution passed in a national referendum on December 15.

Judges supervise voting in Egypt, and Mursi will need them to oversee the referendum.

But in a blow to the president, an influential body representing judges decided on Sunday not to oversee the vote, the state news agency reported. The Judges' Club's decisions are not binding on members, however.

Vice President Mahmoud Mekky said on Sunday he was confident the judges would perform that role, despite calls by Mursi's critics in the judiciary for a boycott.

Three people have been killed and hundreds wounded in protests and counter-demonstrations over Mursi's decree.

At least 200,000 of Mursi's supporters attended a rally at Cairo University on Saturday. His opponents are staging an open-ended sit-in in Cairo's Tahrir Square, the cradle of the uprising that toppled Hosni Mubarak in February 2011.

The National Salvation Front, an alliance of liberal, leftist and socialist opposition groups, called for protests in Tahrir Square on Tuesday against Mursi holding the referendum on what it branded an "illegitimate constitution".

Mursi and the Muslim Brotherhood, which propelled him to power in a June election, hope to end the crisis by pushing through the new constitution hastily adopted by the drafting assembly on Friday. The next day the assembly handed the text to Mursi, who called the referendum and urged Egyptians to vote.

"The Muslim Brotherhood is determined to go ahead with its own plans regardless of everybody else. There is no compromise on the horizon," said Hassan Nafaa, a professor of political science at Cairo University.

DEEP SUSPICION

Outside the Supreme Constitutional Court, Muslim Brotherhood supporters rallied behind the referendum date. "Yes to the constitution," said a banner held aloft by one protester. Chants demanded the "purging of the judiciary".

The interior minister told the head of the court that the building was accessible and that the protests were peaceful, according a statement from the ministry.

The protest reflected the deep suspicion harbored by Egypt's Islamists towards a court they see as a vestige of the Mubarak era. The same court ruled in June to dissolve the Muslim Brotherhood-led lower house of parliament.

Since then, several legal cases have challenged the legitimacy of the upper house of parliament and the 100-member constituent assembly that wrote the constitution.

Those against the upper house have focused on the legality of the law by which it was elected, while the constitutional assembly has faced a raft of court cases alleging that the way it was picked was illegal.

Mursi believes securing approval for the new constitution in a popular referendum will bury all arguments on the legality of the constituent assembly, as well as controversy over the text it worked through the night to finish on Friday.

It will also override the November 22 decree that drew concern from Western governments and a rebellion by sections of the judiciary. The decree shielded Mursi from judicial oversight.

While the Islamists' critics, including representatives of the Christian minority, have accused the Brotherhood of trying to hijack the constitution, investors appear to have seen Mursi's moves as a harbinger of stability. They were also relieved that Saturday's mass Islamist protest went off calmly.

The main stock market index, which lost a tenth of its value in response to Mursi's November 22 decree, rallied more than 2 percent when the market opened on Sunday.

"The events that took place through the weekend, from the approval of the final draft of the constitution and the president calling a referendum, gave some confidence to investors that political stability is on track," said Mohamed Radwan of Pharos Securities, an Egyptian brokerage.

OPPOSITION INFURIATED

But opposition parties have been infuriated by what they see as the Brotherhood's attempt to ram through a constitution that does not enjoy national consensus. Mursi's opponents warn of deeper polarization ahead.

Liberal figures, including former Arab League chief Amr Moussa, pulled out of the constituent assembly last month, as did Christian representatives.

The draft constitution contains Islamist-flavored language which opponents say could be used to whittle away human rights and stifle criticism. It forbids blasphemy and "insults to any person", does not explicitly uphold women's rights and demands respect for "religion, traditions and family values".

New York-based Human Rights Watch said the draft constitution protected some rights while undermining others.

The text limits presidents to two four-year terms, requires parliamentary approval for their choice of prime minister, and introduces some civilian oversight of the military - although not enough for critics. Mubarak ruled for three decades.

Mursi described it as a constitution that fulfilled the goals of the revolution that ended Mubarak's rule. "Let everyone -- those who agree and those who disagree -- go to the referendum to have their say," he said.

The Islamists are gambling that they will be able to secure a "Yes" vote by mobilizing their core support base.

(Writing by Tom Perry; Editing by Alistair Lyon and Roger Atwood)

Source: http://news.yahoo.com/egypts-top-court-shuts-down-blames-protesters-051812098.html

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