EU workers in austerity protests

















Workers across the European Union are set to stage a series of protests against rising unemployment and austerity measures.













The Day of Action and Solidarity calls on leaders to address growing social anxiety and abandon austerity measures.


Some 40 groups from 23 countries are involved in Wednesday’s protests.


Strikes are expected in Spain, Greece, Portugal and Italy, with other protests planned in Belgium, Germany, France the UK and some eastern EU states.


Wednesday’s action, which may affect some transport links and services across the continent, has been urged by the European Trade Union Confederation.


“Austerity is a total dead end, and must be abandoned,” said the group in a statement.


Continental protests


Unions in Spain and Portugal started strikes at midnight local time (23:00 GMT), to protest against austerity measures that have combined cuts in salaries, pensions, benefits and social services with hikes in tax rises.


Italy will see a four-hour national strike which transport workers are also expected to join.


In Greece the strike action is the third major walkout in two months as the country tries to reduce its budget deficit in line with international demands.


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The government must meet a 5bn-euro debt repayment by Friday and says it needs the bailout cash to avoid going bankrupt.


Greece must back a package of salary and pension cuts, and labour market reforms, and the 2013 budget, to receive the next part of a bailout – a 31.5bn-euro instalment from the International Monetary Fund and European Union that has been on hold for months – and avoid bankruptcy.


The BBC’s Mark Lowen in Athens says that with proposals for a fifth consecutive cut to pensions, an increase in the retirement age and reductions to salaries, benefits and healthcare, the fury among Greece’s population is growing.


In France, the CGT union has called for public sector strikes, but there are questions about how many workers will stay away.


The strikes are not anti-government, correspondents say, but rather a way of showing that workers in France are in solidarity with their fellow-workers elsewhere in Europe.


While some Belgian unions have told the BBC they will not be striking, all have expressed solidarity with the day’s protests, which is expected to see demonstrations outside the Brussels embassies of Germany, Spain, Greece, Cyprus, Portugal and the Republic of Ireland.


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Head of Microsoft’s Windows unit steps down
















(Reuters) – Microsoft Corp said the head of its flagship Windows division and the driving force behind Windows 8, Steven Sinofsky, will be leaving the company with immediate effect, days after the software giant launched the Surface tablet.


Sinofsky, who presented at the launch of the Windows 8 operating system in New York City last month, will be succeeded by Julie Larson-Green, who will head the Windows hardware and software division, the company said in a statement.













Tami Reller will remain chief financial officer and chief marketing officer and will assume responsibility for the business of Windows.


Both executives will report directly to Microsoft CEO Steve Ballmer, Microsoft said.


At the launch event in October, Sinofsky and his team showed off a range of devices running Windows 8 from PC makers such as Lenovo Group Ltd and Acer Inc, but devoted most of their energy to the second half of the presentation and the Surface tablet, the first computer Microsoft has made itself.


(Reporting by Sakthi Prasad and Nicola Leske; Editing by Edmund Klamann)


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Australia’s INXS calls it quits as touring band after 35 years
















SYDNEY (Reuters) – Australian rock group INXS has called it quits as a live touring band after 35 years, thanking fans and honoring late frontman Michael Hutchence in a statement on Tuesday.


INXS, which sold more than 30 million albums worldwide, including more than 10 million alone of their 1987 breakthrough “Kick”, issued the statement after comments by band member Jon Farriss during a weekend performance sparked a frenzy on Twitter.













“We understand that this must come as a blow to everybody, but all things must eventually come to an end,” INXS members Tim, Andrew and Jon Farriss, Kirk Pengilly and Garry Beers said. “We have been performing as a band for 35 years, it’s time to step away from the touring arena.”


“Our music will of course live on and we will always be a part of that,” they added.


INXS was one of the biggest touring bands of the 1980s and 1990s, playing to 80,000 at Wembley Stadium in London and 120,000 in Rio De Janeiro.


But the death of charismatic lead singer Hutchence in 1997 was a major blow.


A U.S. TV talent show for a new frontman was won by Canadian J.D. Fortune, while Terence Trent D’Arby and Jon Stevens also had a turn at the microphone. Irishman Ciaran Gribbin was the last to take the role.


Farriss, the band’s drummer, set the Internet abuzz on Sunday night after he told the audience during a support performance for U.S. band Matchbox Twenty in Perth that it was the last time INXS would perform together. Saxophone player Pengilly later told a radio station the band was not breaking up.


The group declined to comment further on Tuesday.


(Reporting By Grace Williams, editing by Elaine Lies)


Music News Headlines – Yahoo! News



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Canada seen needing to spell out rules for natural gas projects
















CALGARY, Alberta (Reuters) – The fate of a handful of liquefied natural gas projects planned for Canada’s Pacific coast may depend on the Canadian government‘s willingness to spell out rules for foreign investment in the country’s energy sector, according to a study released on Thursday.


Apache Corp, Royal Dutch Shell Plc, Petronas, BG Group Plc and others are in the planning stages for LNG projects that would take gas from the rich shale fields of northeastern British Columbia and ship it to Asian buyers.













But the federal government’s decision last month to stall the C$ 5.2 billion ($ 5.2 billion) bid by Malaysia’s state-owned Petronas C$ 5.2 billion for Canada‘s Progress Energy Resources Corp could lessen the appetite of Asian buyers for Canadian LNG, energy consultants Wood Mackenzie said.


“Some potential off-takers of Canadian LNG like the idea … because it’s perceived as having low political risk, and another reason is because they see the potential for investment opportunities,” said Noel Tomnay, head of global gas at the consultancy.


“If there are going to be restrictions on how they access those opportunities, if acquisitions are closed to them, then clearly that would restrict the attractiveness of those opportunities. If would-be Asian investors thought that corporate acquisitions were an avenue that was not open to them then Canadian LNG would become less attractive.”


The Canadian government is looking to come up with rules governing corporate acquisitions by state-owned companies and has pushed off a decision on the Petronas bid as it considers whether to approve the $ 15.1 billion offer for Nexen Inc from China’s CNOOC Ltd.


Exporting LNG to Asia is seen as a way to boost returns for natural-gas producers tapping the Montney, Horn River and Liard Basin shale regions of northeastern British Columbia.


Though Wood Mackenzie estimates the fields contain as much as 280 trillion cubic feet of gas, they are far from Canada’s traditional U.S. export market, while growing supplies from American shale regions have cut into Canadian shipments.


Because the region lacks infrastructure, developing the resource will be expensive, requiring new pipelines and multibillion-dollar liquefaction.


Still Wood Mackenzie estimates that the cost of delivery into Asian markets for Canadian LNG would be in the range of $ 10 million to $ 12 per million British thermal units, similar to competing projects in the United States and East Africa.


($ 1 = $ 1.00 Canadian)


(Reporting by Scott Haggett; Editing by Leslie Adler)


Canada News Headlines – Yahoo! News



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Canada seen needing to spell out rules for natural gas projects
















CALGARY, Alberta (Reuters) – The fate of a handful of liquefied natural gas projects planned for Canada’s Pacific coast may depend on the Canadian government‘s willingness to spell out rules for foreign investment in the country’s energy sector, according to a study released on Thursday.


Apache Corp, Royal Dutch Shell Plc, Petronas, BG Group Plc and others are in the planning stages for LNG projects that would take gas from the rich shale fields of northeastern British Columbia and ship it to Asian buyers.













But the federal government’s decision last month to stall the C$ 5.2 billion ($ 5.2 billion) bid by Malaysia’s state-owned Petronas C$ 5.2 billion for Canada‘s Progress Energy Resources Corp could lessen the appetite of Asian buyers for Canadian LNG, energy consultants Wood Mackenzie said.


“Some potential off-takers of Canadian LNG like the idea … because it’s perceived as having low political risk, and another reason is because they see the potential for investment opportunities,” said Noel Tomnay, head of global gas at the consultancy.


“If there are going to be restrictions on how they access those opportunities, if acquisitions are closed to them, then clearly that would restrict the attractiveness of those opportunities. If would-be Asian investors thought that corporate acquisitions were an avenue that was not open to them then Canadian LNG would become less attractive.”


The Canadian government is looking to come up with rules governing corporate acquisitions by state-owned companies and has pushed off a decision on the Petronas bid as it considers whether to approve the $ 15.1 billion offer for Nexen Inc from China’s CNOOC Ltd.


Exporting LNG to Asia is seen as a way to boost returns for natural-gas producers tapping the Montney, Horn River and Liard Basin shale regions of northeastern British Columbia.


Though Wood Mackenzie estimates the fields contain as much as 280 trillion cubic feet of gas, they are far from Canada’s traditional U.S. export market, while growing supplies from American shale regions have cut into Canadian shipments.


Because the region lacks infrastructure, developing the resource will be expensive, requiring new pipelines and multibillion-dollar liquefaction.


Still Wood Mackenzie estimates that the cost of delivery into Asian markets for Canadian LNG would be in the range of $ 10 million to $ 12 per million British thermal units, similar to competing projects in the United States and East Africa.


($ 1 = $ 1.00 Canadian)


(Reporting by Scott Haggett; Editing by Leslie Adler)


Canada News Headlines – Yahoo! News



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U2′s Bono to urge U.S. politicians not to cut aid programs
















WASHINGTON (Reuters) – Irish rocker and anti-poverty campaigner Bono will appeal to Democrats and Republicans during a visit to Washington this week to spare U.S. development assistance programs from cuts as Congress tries to avert the looming “fiscal cliff” of tax hikes and spending reductions early next year.


The U2 lead singer’s visit comes as the Obama administration and congressional leaders try to forge a deal in coming weeks to avoid the economy hitting the “fiscal cliff” – tax increases and spending cuts worth $ 600 billion starting in January if Congress does not act.













Analysts say the absence of a deal could shock the United States, the world’s biggest economy, back into recession.


Kathy McKiernan, spokeswoman for the ONE Campaign, said Bono will hold talks with congressional lawmakers and senior Obama administration officials during the November 12-14 visit.


During meetings he will stress the effectiveness of U.S. foreign assistance programs and the need to preserve them to avoid putting at risk progress made in fighting HIV/AIDS, tuberculosis and malaria, she said.


Bono, a long-time advocate for the poor, will argue that U.S. government-funded schemes that support life-saving treatments for HIV/AIDS sufferers, nutrition programs for malnourished children, and emergency food aid make up just 1 percent of the U.S. government budget but are helping to save tens of millions of lives in impoverished nations.


The One Campaign would not elaborate which lawmakers and senior Obama administration officials Bono will meet.


On Monday, Bono will discuss the power of social movements with students at Georgetown University. He will also meet new World Bank President Jim Yong Kim for a web cast discussion on Wednesday on the challenges of eradicating poverty.


(Editing by W Simon)


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Nesquik Recall Q and A: Are Your Kids Safe?
















Nestlé announced late last week a recall of Nesquik for possible Salmonella contamination. Promoted by the Nesquik Bunny, the chocolate milk flavoring is consumed primarily by children. Here’s what you need to know to make sure your kids are safe from this Salmonella risk.


How Do I Know If My Nesquik Is Part of the Recall?













The Nesquik recall covers only chocolate powder in 10.9, 21.8 and 40.7 ounce canisters manufactured during October 2012. Any other Nesquik products are not subject to recall. According to CNN, 200,000 canisters of Nesquik are included in the recall.


Nesquik subject to the recall bears a Best Before date of October 2014. The applicable UPC codes and production codes include: for 40.7 ounce containers UPC 0 28000 68230 9 with production codes 2282574810 or 2282574820; for 21.8 ounce size, UPC 0 28000 68090 9 and production codes 2278574810, 2278574820, 2279574810, 2279574820, 2284574820, 2284574830, 2285574810, 2285574820, 2287574820, 2289574810, or 2289574820; and, for 10.9 ounce canisters, UPC 0 28000 67990 3 and product code 2278574810.


What About Ready-to-Drink Nesquik Served at My Kid’s School?


In June, Nestlé went after the school lunch market by offering eight-ounce ready-to-drink Nesquik. If your child’s school is serving ready-to-drink Nesquik, there’s no cause for concern. The recall covers only the powder variety of Nesquik, not the ready-to-drink type.


What Led to the Nesquik Recall?


Nestlé identifies a supplier of calcium carbonate used in the drink powder as the culprit. The recall notice says Omya, Inc., notified Nestlé of its own product recall due to Salmonella concerns. There have been no reports of illness associated with the Nesquik recall, Nestlé says.


What Is Calcium Carbonate?


Calcium carbonate is an additive included in powdered products to prevent caking and/or to increase calcium content, according to Self.


If My Child Gets Sick, How Will I Know Whether or Not It’s from Salmonella?


Salmonella infection symptoms include diarrhea, abdominal cramps, and fever. These normally develop within 72 hours of consuming contaminated food or drink. Most people who do contract salmonellosis get better in about a week without treatment. For infants, the elderly, pregnant women, and people with compromised immune systems, salmonellosis can be life threatening and medical treatment is advised.


Can I Get a Refund?


Yes. Return recalled Nesquik to the store where you bought it for a refund, or call Nestlé Consumer Services at (800) 628-7679.


Carol Bengle Gilbert writes about consumer issues for the Yahoo! Contributor Network.


Parenting/Kids News Headlines – Yahoo! News



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Microsoft Shows Its Windows Chief the Door
















Fresh off the release of Windows 8, Microsoft (MSFT) has decided to part ways with its Windows chief.


Microsoft issued a press release late Monday evening, saying that Steven Sinofsky, president of the Windows Division, will leave the company, effective immediately. Sinofsky had spent close to 25 years at Microsoft and developed a reputation as someone who could oversee large, complex software projects and bring them in on time—or whatever counts as on time in Microsoft land. Before shepherding products such as Windows, Windows Live, and Outlook.com, he oversaw many iterations of Office.













The big knock on Sinofsky was his often-prickly nature. He wasn’t seen as a team player within Microsoft and was instead known for protecting his fiefdom. That approach doesn’t go over well at today’s Microsoft, which needs to prove that Windows is just one piece of a larger collective that includes phone software, online services, and entertainment products delivered via the Xbox. Sinofsky also proved reticent to speak with the press and was barely heard from as Windows 8 hit the market late last month.


Microsoft’s chief executive officer, Steve Ballmer, said all the standard, polite things in the statement about Sinofsky’s departure. “I am grateful for the many years of work that Steven has contributed to the company,” Ballmer said. Julie Larson-Green, a Microsoft veteran, has been tapped to run Windows software and hardware engineering and will report directly to Ballmer.


Windows 8 is Microsoft’s biggest gamble in years. The software has a radical new interface that’s equal parts beautiful, playful, and confusing. It brings Microsoft into the modern era, giving the company something that can run on tablets, smartphones, laptops, and PCs.


Sinofsky had been put in charge of Windows to make sure that Windows 8 did not end up a mess. The software has received mostly favorable reviews to date, although Microsoft has failed to drum up a ton of early interest around its application store. Critics of Sinofsky can point to this as an example of his inability to play nice with others and drive partner support. Ultimately, he was the guy who delivered big, complex software programs and did it well—and this was not seen as good enough at a time when Microsoft needs plenty of diplomacy and crafty tactics to regain consumer interest.


“It is impossible to count the blessings I have received over my years at Microsoft,” Sinofsky said on his way out. ”I am humbled by the professionalism and generosity of everyone I have had the good fortune to work with at this awesome company.”


Businessweek.com — Top News



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Microsoft Shows Its Windows Chief the Door
















Fresh off the release of Windows 8, Microsoft (MSFT) has decided to part ways with its Windows chief.


Microsoft issued a press release late Monday evening, saying that Steven Sinofsky, president of the Windows Division, will leave the company, effective immediately. Sinofsky had spent close to 25 years at Microsoft and developed a reputation as someone who could oversee large, complex software projects and bring them in on time—or whatever counts as on time in Microsoft land. Before shepherding products such as Windows, Windows Live, and Outlook.com, he oversaw many iterations of Office.













The big knock on Sinofsky was his often-prickly nature. He wasn’t seen as a team player within Microsoft and was instead known for protecting his fiefdom. That approach doesn’t go over well at today’s Microsoft, which needs to prove that Windows is just one piece of a larger collective that includes phone software, online services, and entertainment products delivered via the Xbox. Sinofsky also proved reticent to speak with the press and was barely heard from as Windows 8 hit the market late last month.


Microsoft’s chief executive officer, Steve Ballmer, said all the standard, polite things in the statement about Sinofsky’s departure. “I am grateful for the many years of work that Steven has contributed to the company,” Ballmer said. Julie Larson-Green, a Microsoft veteran, has been tapped to run Windows software and hardware engineering and will report directly to Ballmer.


Windows 8 is Microsoft’s biggest gamble in years. The software has a radical new interface that’s equal parts beautiful, playful, and confusing. It brings Microsoft into the modern era, giving the company something that can run on tablets, smartphones, laptops, and PCs.


Sinofsky had been put in charge of Windows to make sure that Windows 8 did not end up a mess. The software has received mostly favorable reviews to date, although Microsoft has failed to drum up a ton of early interest around its application store. Critics of Sinofsky can point to this as an example of his inability to play nice with others and drive partner support. Ultimately, he was the guy who delivered big, complex software programs and did it well—and this was not seen as good enough at a time when Microsoft needs plenty of diplomacy and crafty tactics to regain consumer interest.


“It is impossible to count the blessings I have received over my years at Microsoft,” Sinofsky said on his way out. ”I am humbled by the professionalism and generosity of everyone I have had the good fortune to work with at this awesome company.”


Businessweek.com — Top News



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Cost becomes bigger question in treating heart disease
















LOS ANGELES (Reuters) – The cost of treating heart disease has become a key factor in decisions by U.S. cardiologists grappling with the nation’s No. 1 killer.


Record prices for drugs and devices, reduced reimbursement by insurance plans and the looming full implementation of the healthcare reform law are convincing doctors to consider not only novel treatments, but also how to get the most bang for the buck.













The trend was reflected at the annual scientific meeting of the American Heart Association, generally a forum for groundbreaking research on medications and devices to combat heart disease.


The conference for the first time last year featured an entire session on the economics of healthcare, including a study showing that eliminating drug co-payments for heart attack victims significantly reduced the chance that they would suffer another major cardiovascular problem.


The 2012 meeting, held last week in Los Angeles, included several dual presentations with companion studies on the economic impact of a drug or therapy as well as its safety and effectiveness.


“We have an unsustainable economic model in healthcare delivery in the U.S.,” said Dr. Elliott Antman, professor of medicine at Harvard Medical School and chairman of the AHA Scientific Sessions Committee. “We all have to be conscious of ways we can be more cost efficient, and that includes understanding what the big breakthroughs mean in terms of cost.”


Heart disease is the leading cause of death for both men and women in the United States, accounting for one of every four deaths, according to the Centers for Disease Control and Prevention.


It also is very expensive. AHA estimates that annual U.S. medical costs of cardiovascular disease will reach $ 800 billion by 2030 – nearly triple the $ 272 billion spent in 2010.


“Rising costs of medical care make it very pertinent for us to assess value,” said Dr. Mark Hlatky, director of the cardiovascular outcomes research center at Stanford University.


President Barack Obama’s Affordable Care Act, which has now survived a challenge in the Supreme Court and a presidential election, is structured to reward quality of care, not the traditional fee-for-service model that can result in unnecessary treatment.


But the equation is not always simple.


One study presented at the AHA meeting showed that diabetics with diseased arteries not only fared better if they underwent bypass surgery rather than a less expensive stent procedure, but the surgery was also more cost effective.


Researchers, funded by the National Institutes of Health, found that up-front costs for bypass surgery and hospitalization were about $ 8,600 higher than costs for stent patients. But more stent patients either died or needed repeat artery clearing, while those who had surgery lived longer, higher-quality lives, resulting in lower, long-term healthcare spending for them.


Another study found that angioplasty to clear blocked arteries costs more at hospitals not equipped for emergency heart surgery, due mainly to follow-up costs. Elective angioplasty is becoming increasingly common at hospitals that do not conduct more complicated heart procedures.


“Surprisingly, there was no difference in procedure cost,” said Dr. Eric Eisenstein, lead author of the study and assistant professor of medicine at Duke University Medical School in North Carolina. “We did find a difference in follow-up cost.”


New research paid for by Johnson & Johnson, one of the makers of the new anti-clotting drug Xarelto, showed that the costs of a heart attack, angina, or chest pain go well beyond actual hospital care.


The study, led by Robert Page, a clinical specialist in the division of cardiology at the University of Colorado School of Pharmacy in Aurora, Colorado, found that every short-term disability claim for acute coronary syndrome cost employers nearly $ 8,000, and each long-term claim carried a price tag of more than $ 52,000.


Annual healthcare costs for each worker, including out-of-pocket expenses, totaled nearly $ 8,200 during the four-year period studied.


About half of all patients with acute coronary syndrome – a term used to describe conditions in which the blood supply to the heart is blocked – are working adults under the age of 65, Page said. That means the burden for their care will more likely fall on employers and employee co-payments rather than on the Medicare system.


The AHA estimates the rate of coronary heart disease in the United States will increase by 16 percent between 2010 and 2030.


Xarelto is one of three new blood-thinning medicines that offer potential advantages over older drugs to prevent strokes and other dangerous conditions caused by blood clots. Another is Pradaxa, made by Germany’s Boehringer Ingelheim.


“These drugs are expensive. They cost more than warfarin which is relatively cheap to use,” said Dr. Stuart Connolly, director of the cardiology division at McMaster University in Ontario, Canada. “Cost-effectiveness studies have been favorable. The reason is that even though purchase of the drug is not cheap, there are savings from preventing ischemic strokes.”


Even so, physicians can face significant hurdles to secure insurance coverage for patients they think need to be on a new, more expensive drug.


“It is a cost firewall,” Antman said, explaining that it can take considerable time for him to talk to insurance telephone operators, claims supervisors and, eventually, medical directors to secure coverage for a patient.


(Additional reporting by Bill Berkrot; Editing by Martin Howell and Leslie Adler)


Medications/Drugs News Headlines – Yahoo! News



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