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Friday, October 9, 2009

US Senate Majority Leader Harry Reid has said that the Senate Finance Committee will vote on a sweeping health care reform bill next Tuesday. US President Barack Obama has made clear that extending health insurance coverage to as many Americans as possible is his top domestic priority.

Republican lawmakers, however, are still overwhelmingly opposed to the bill, saying it is too expensive and would expand the role of government in people’s health care.

Obama and his fellow Democrats in the Senate received some good news late Wednesday from the non-partisan Congressional Budget Office, which put the total cost of the Senate Finance Committee’s health care bill at $829 billion over the next decade, below Obama’s stated goal of $900 billion. The budget watchdog organization also said the health care bill would help reduce the federal budget deficit over the next ten years.

Harry Reid said he believed health care reform was moving forward. “And so today we stand closer than ever to fulfilling that fundamental promise, one for which we have fought for more than 60 years,” he said.

Senate Minority Leader Mitch McConnell, however said that the cost estimate was “irrelevant”, because the final bill that will actually emerge from both houses of Congress is likely to look very different and cost a lot more. “What matters is that the final bill will cost about a trillion dollars, vastly expand the role of government in people’s health care decisions, increase premiums and limit choice,” McConnell said.

McConnell said Republicans favor a step by step approach to health care reform, focusing on prevention and wellness programs and dealing with the high costs of malpractice insurance doctors have to pay due to fears of excessive lawsuits.

Under the Finance Committee’s bill, US residents would be required to get health insurance or face a penalty, and insurance companies would face tough new regulations. For example, insurance companies could no longer reject coverage for people due to pre-existing conditions.

The Senate Finance Committee is likely to pass the bill, which will then have to be merged with one passed by the Senate health committee before it goes to the full Senate floor for debate.

Monday, April 24, 2006

At the start of the tournament, 19-year-old Rafael Nadal of Spain was seeded as the second favourite to take the Monte Carlo Masters clay court title, ranked only behind the current world number one, 25-year-old Roger Federer of Switzerland. The finals match-up in question, the first where the number 1 and 2 seeds faced each other since 1985, was won in four sets; 6-2, 6-7, 6-3, 7-6, ending in just eleven minutes short of four hours.

As the lengthy matchtime suggests, the action on the court was a see-saw battle with both players looking as though they would go on to win at different points of the match. At times, it was difficult to see who was the more experienced. Nadal, the more successful of the two on a clay tennis surface, played to Roger Federer’s weakness. Roger Federer didn’t give up without a fight, but his best, which is capable of beating anybody on his day, seemed to remain in the locker room as Roger Federer’s aggression came a rare second to Nadal’s accurate baseline style.

Nadal wins the Monte Carlo Masters for a second consecutive time. Nadal can celebrate his unexpected but much welcomed victory in Monaco, if only for a little while ahead of the next tournament in the clay court series.

Saturday, June 9, 2012

I’ll Have Another, who won both the 2012 Kentucky Derby and Preakness Stakes, was removed from the field in this weekend’s Belmont Stakes — effectively ending the thoroughbred’s attempt to become the twelfth US Triple Crown winner in history.

At a Friday press conference, owner J. Paul Reddam announced that the thoroughbred was injured and he will not only be removed from the race Saturday but he will be retired from any further racing. The reason I’ll Have Another was scratched from the field was because of a swelling in his left front tendon, according to trainer Doug O’Neill.

I’ll Have Another was not the favorite in either the Kentucky Derby or the Preakness Stakes, but he was twice able to pass the leader Bodemeister, who was the pace setting horse in both those races, to take the victories. The last race was won in the final lengths. Bodemeister will also not race in the Belmont Stakes Saturday. Before the Kentucky Derby, I’ll Have Another won the Santa Anita Derby. All of these races were won with Mexican jockey Mario Gutierrez.

Dale Romans, who is Dullahan’s trainer, reacted to the news, “It’s devastating. I thought this was going to be one of the greatest races in history, and I wanted the opportunity to be part of it.” Dullahan raced in this year’s Kentucky Derby and took third place.

Only eleven horses have ever won the Triple Crown in the United States. In order to win the Triple Crown, a horse has to race and win the Kentucky Derby, the Preakness Stakes, and the Belmont Stakes. The first Triple Crown winner was Sir Barton in 1919 and the last was Affirmed in 1978. The dry spell will continue at least another year — the 34th year without a Triple Crown victory.

Monday, October 15, 2007

So far, three people (including a baby) have been killed, and at least ten others were injured when two semi trucks collided in a tunnel on Interstate 5 (Newhall Pass) between Los Angeles and Santa Clarita California, United States in the late evening of October 12, setting off a chain reaction pileup that involved between 28 and 30 semi trucks and one passenger car. The wreck caused a massive fire that burned for over six hours. It was previously believed that only 13 semi trucks were involved.

“The fire burned in a very intense state for approximately four hours and basically consumed everything that was burnable,” said John Tripp the Fire Chief for L.A. county.

As a result of the crash, the Governor of California, Arnold Schwarzenegger issued a declaration of a state of emergency for Los Angeles County.

The debris has been removed and officials say that a full inspection will have to be done on the tunnel before it can be used again because the structure of the tunnel has been compromised. The tunnel passed inspection in June of 2006.

“The walls of the tunnel are fairly heavily damaged. None of the rebar appears to be melted, damaged at this point in time. But it’s completely separated from the walls in a number of areas, so we lose vertical support when that happens,” said California Department of Transportation official, Doug Failing.

Tripp added that more bodies could be buried in the wreckage, saying “…we’re going to have to do a very methodical search. There could be unfortunately more people that were not able to escape.” So far authorities have yet to identify the three people who were killed.

A full investigation is being conducted into what caused the crash.

Thursday, February 22, 2007

Denial. Anger. Bargaining. Depression. Acceptance.

Originally formulated in 1973 by Elisabeth Kübler-Ross, these five stages are well-known to many as the “Five Stages of Grief“. However, despite their familiarity, the five-stage theory had remained untested empirically, until Paul K. Maciejewski, Ph.D., assistant professor of psychiatry at the Yale University School of Medicine and the Yale Bereavement Study completed several years of research, findings for which were published in the February 21 issue of the Journal of the American Medical Association (JAMA).

According to Dr. Kübler-Ross’s theory, denial is the first and most defining indicator of grief. The Yale Bereavement Study’s findings, in contrast, show acceptance to be the most common indicator, and yearning the strongest negative indicator.

The authors explain, “Disbelief decreased from an initial high at one month postloss, yearning peaked at four months postloss, anger peaked at five months postloss, and depression peaked at six months postloss. Acceptance increased steadily through the study observation period ending at 24 months postloss.”

Study author Holly Prigerson, associate professor of psychiatry at Harvard Medical School and director of the Dana-Farber Cancer Institute‘s Center for Psycho-Oncology and Palliative Care Research, says, “This would suggest that people who have extreme levels of depression, anger or yearning beyond six months would be those who might benefit from a better mental health evaluation and possible referral for treatment.”

The Yale Bereavement Study followed the progress of 233 participants from January 2000 through January 2003 who had lost family, most often a spouse, and was funded by the National Institute of Mental Health, the National Cancer Institute, the National Institute of Neurological Disorders and Stroke, the Center for Psycho-Oncology and Palliative Care Research, Dana-Farber Cancer Institute, and Women’s Health Research at Yale University.

Thursday, March 5, 2009

US stock markets dropped to twelve-year lows on Thursday, amidst falling confidence in the financial sector and worries over whether the US automobile manufacturer General Motors will be able to keep operating.

The Dow Jones Industrial Average dropped by 4.08%, or 280.52 points, at the closing bell, reaching a level of 6595.32, a new 12-year low. The Nasdaq Composite lost 54.15 points, or 4%, to 1299.59, while the Standard & Poor’s 500 plunged by 30.27 points, or 4.25%, closing at 682.60.

Every stock in the Dow Jones, other than Wal-Mart, either lost ground or remained even, and all stocks in the S&P 500 index lost ground.

General Motors’ shares lost 15.5% after the auto firm announced that its auditors had “substantial doubt” over whether it would be able to keep operating.

Shares of financial companies were lower by nine percent, with Bank of America losing 11.7% and Citigroup falling by 9.7%.

“What’s most worrisome is that we haven’t hit the crescendo yet,” said Bill Groeneveld, the head trader for vFinance Investments. “Asset-management divisions are getting calls to just liquidate everything, and we haven’t seen the big players come back in at all.”

“This is one of the worst bear markets in the last 100 years; it started out with the credit crisis and the subprime [loans], but it is like a forest fire that has raced across the clearing and ignited other parts: Autos, auto parts, the insurance companies have been hit very hard. The credit crisis is causing an unraveling of industry after industry because the banks don’t lend,” said David Dreman, the chief investment officer of Dreman Value Management.

European markets were also lower today, with the London’s FTSE index losing 3.2% and the DAX index of Germany falling by five percent.

Tuesday, June 27, 2006

The New Zealand government officials have announced that it will give NZ$160,000 in aid to help farmers who were affected by the huge amounts of snow in Canterbury, New Zealand two weeks ago.

The aid package will provide four regional offices for co-ordination, food supplies and ongoing support.

The Federated Farmers for mid Canterbury say that the aid will be a start to what looks like a tough winter. President of the mid Canterbury Federated Farmers Rupert Curd says, “It is too early to say exactly how much help the relief package will provide.”

The snow has not yet reached a crisis point.

The Insurance Council has estimated the cost of the snow storm has reached $35 million so far. Chief Executive of the Insurance Council says, “There has been damage to homes, commercial premises both on farms and in town and vehicles. Businesspeople who have been without power are also claiming for loss of income.”

The Minister of Agriculture Jim Anderton has said that they are not ruling out giving further aid.