In Old Taliban Strongholds, Qualms on What Lies Ahead





LOY BAGH, Afghanistan — The battle against the Taliban in Helmand Province was so fierce two years ago that farmers here say there were some fields where virtually every ear of corn had a bullet in it.




Now it is peaceful enough that safety concerns were an afterthought during this year’s harvest. In districts of Helmand like Marja and Nad Ali that used to be Taliban strongholds, life has been transformed by the American troop surge that brought in tens of thousands of Marines three years ago. Over several recent days, a reporter was able to drive securely to places that in the past had been perilous without a military escort, and many of the roads were better paved, too.


So why, then, was it so difficult to find an optimist in Helmand Province?


In conversations with dozens of tribal elders, farmers, teachers and provincial officials, three factors loomed large: dissatisfaction with the Afghan government, the imminent departure of Western troops and recognition that the Taliban are likely to return. Few expressed much faith in the ability of the Afghan government and security forces to maintain the security gains won by the huge American and British military effort here.


Although some people said they believed that areas near the provincial capital would remain secure, beyond that there was little confidence, and many voiced worries that much of the province would drift back under Taliban control after the NATO combat mission ends in 2014.


Even now, with at least 6,500 Marines still in Helmand after a peak of 21,000 troops last year in Helmand and neighboring Nimroz Provinces, local people say the Taliban have begun “creeping back.” Residents report that threats from nearby militant commanders have increased, and that the Taliban are sending in radical mullahs to preach jihad in the mosques and woo the young and unemployed to their cause.


As fearful as residents may be of a resurgent Taliban, they are also angry at the government for what they see as widespread corruption and hypocrisy. Some of that anger focuses on bribery connected with government services, and some on policies relating to the opium trade, which still thrives here. Helmand is the supplier of more than 40 percent of the world’s opium, according to United Nations statistics, and the poppy crop is still the most profitable one by far. Even farmers who are willing to grow other crops are angry at officials who have eradicated poppy but failed to provide enough help with alternatives. Farmers say some of those same officials profit from the drug trade they profess to be fighting.


“Before the surge, the government in Helmand did not control even a single district,” said Hajji Atiqullah, a leader of the powerful Barakzai tribe in the Nawa district of central Helmand. “They had a presence in the district centers, a very small area, but the Marines cleared many districts, and they expanded the presence of the central government.”


Afghan forces now control his district, he said, but will not be able to hold it unless “the foreigners manage to get rid of corruption in the Afghan government, in the districts and the province levels.”


Local elders fear that many farmers, especially those impoverished by the government’s strict poppy eradication policies, will return to opium cultivation and look to the Taliban or other criminals for protection because the government has not offered them a satisfactory substitute livelihood.


“Before the Marines launched this big offensive, Marja was the center of the opium trade,” said Ahmad Shah, the chairman of the Marja development shura, a group of elders that works with the government to try to bring change here. “Millions and millions of Pakistani rupees were being traded every day in the bazaar. People were so rich that in some years a farmer could afford to buy a car.


“We were part of the eradication efforts by the government, and if they had provided the farmer with compensation, we could have justified our act. But the government failed to provide compensation, and unless it does so, the people will turn against us or join the insurgency and be against development, as they were during the Taliban.”


Part of the government’s rationale for poppy eradication was to starve militants of the opium profits that have been important to their finances. As opium cultivation was pushed away from the centers of the American troop surge, the Taliban made new allies by providing protection for farmers who moved their poppy cultivation to outlying deserts. Over the past few years, militants and opium farmers have increasingly found common cause.


A largely British-financed alternative crop program made significant headway at first in persuading farmers to switch crops, but few farmers could do as well as they had with opium.


Habib Zahori contributed reporting from Kabul, Afghanistan.



Read More..

'Lincoln' leads race for British Academy Awards


LONDON (AP) — Historical biopic "Lincoln" leads the race for the British Academy Film Awards, with 10 nominations including best picture and best actor — but nothing for director Steven Spielberg.


Epic musical "Les Miserables" and boy-meets-tiger saga "Life of Pi" received nine nominations each Wednesday for Britain's equivalent of the Oscars. James Bond adventure "Skyfall" got eight — rare awards recognition for an action movie — and Iran hostage thriller "Argo" took seven.


"Lincoln" focuses on the last months in the life of U.S. President Abraham Lincoln, as he struggled to end the Civil War and pass a constitutional amendment banning slavery.


Britain's Daniel Day-Lewis is nominated for leading actor for his uncanny embodiment of the iconic president, and there are supporting nominations for Sally Field as his wife Mary Todd Lincoln and Tommy Lee Jones as abolitionist firebrand Thaddeus Stevens.


The best picture nominees are "Lincoln," ''Les Miserables," ''Life of Pi," ''Argo" and Osama bin Laden thriller "Zero Dark Thirty."


"Les Miserables" is also a contender in the separate category of best British film, alongside "Anna Karenina," ''The Best Exotic Marigold Hotel," ''Seven Psychopaths" and "Skyfall."


"Les Mis" producer Tim Bevan said he was pleased with the movie's nine nominations, but surprised director Tom Hooper didn't make the shortlist.


"Steven Spielberg wasn't nominated for best director for 'Lincoln,' which tops the list, so it just goes to show how wide open it is this year," he said.


Ben Affleck is nominated both as director of "Argo" and as its leading actor. The other male acting contenders are Day-Lewis, Bradley Cooper for "Silver Linings Playbook," Hugh Jackman for "Les Miserables" and Joaquin Phoenix for "The Master."


"Skyfall" star Daniel Craig was snubbed, but the film received supporting acting nominations for Judi Dench's spy chief and Javier Bardem's scene-stealing baddie.


The best-actress shortlist includes 85-year-old "Amour" star Emmanuelle Riva — who was nominated for the same prize 52 years ago for "Hiroshima, Mon Amour" — Jennifer Lawrence for "Silver Linings Playbook," Jessica Chastain for "Zero Dark Thirty," Marion Cotillard for "Rust and Bone" and Helen Mirren for "Hitchcock."


Mirren said it had been wonderful to play Hitchcock's wife in Sacha Gervasi's film.


"Alma Reville was more than Hitchcock's wife, in many ways she was his muse, his assistant, his editor and more, and I am proud to have had the opportunity to portray her," Mirren said.


Besides Affleck, the heavyweight best-director list includes, Michael Haneke for Cannes Film Festival prize-winner "Amour," Quentin Tarantino for "Django Unchained," Ang Lee for "Life of Pi" and Kathryn Bigelow for "Zero Dark Thirty."


Poignant old-age portrait "Amour" is up for best foreign-language film, along with Norway's "Headhunters," Denmark's "The Hunt" and French films "Rust and Bone" and "Untouchable."


In recent years, the British awards, known as BAFTAs, have helped underdog films including "Slumdog Millionaire," ''The King's Speech" and "The Artist" gain momentum for Oscars success.


The winners will be announced at a ceremony in London on Feb. 10, two weeks before the Hollywood awards.


___


Jill Lawless can be reached at http://Twitter.com/JillLawless


Read More..

Recipes for Health: Cauliflower and Tuna Salad — Recipes for Health


Andrew Scrivani for The New York Times







I have added tuna to a classic Italian antipasto of cauliflower and capers dressed with vinegar and olive oil. For the best results give the cauliflower lots of time to marinate.




1 large or 2 small or medium cauliflowers, broken into small florets


1 5-ounce can water-packed light (not albacore) tuna, drained


1 plump garlic clove, minced or pureéd


1/3 cup chopped flat-leaf parsley


3 tablespoons capers, drained and rinsed


1 tablespoon fresh lemon juice


3 tablespoons sherry vinegar or champagne vinegar


6 tablespoons extra virgin olive oil


Salt and freshly ground pepper


1. Place the cauliflower in a steaming basket over 1 inch of boiling water, cover and steam 1 minute. Lift the lid for 15 seconds, then cover again and steam for 5 to 8 minutes, until tender. Refresh with cold water, then drain on paper towels.


2. In a large bowl, break up the tuna fish and add the cauliflower.


3. In a small bowl or measuring cup, mix together the garlic, parsley, capers, lemon juice, vinegar, and olive oil. Season generously with salt and pepper. Add the cauliflower and toss together. Marinate, stirring from time to time, for 30 minutes if possible before serving. Serve warm, cold, or at room temperature.


Yield: Serves 6 as a starter or side dish


Advance preparation: You can make this up to a day ahead, but omit the parsley until shortly before serving so that it doesn’t fade. It keeps well in the refrigerator for up to 5 days.


Nutritional information per serving: 188 calories; 15 grams fat; 2 grams saturated fat; 2 grams polyunsaturated fat; 10 grams monounsaturated fat; 10 milligrams cholesterol; 8 grams carbohydrates; 3 grams dietary fiber; 261 milligrams sodium (does not include salt to taste); 9 grams protein


Martha Rose Shulman is the author of “The Very Best of Recipes for Health.”


Read More..

DealBook: Ping An Shares Fall for 2nd Straight Day

SHANGHAI – Shares in the Ping An Group, the Chinese insurance and banking giant, fell in Shanghai trading for the second consecutive day on Wednesday over concerns that the British bank HSBC was having trouble selling its 15.6 percent stake in the company.

HSBC had announced plans in December to sell a $9.4 billion stake in Ping An to the Charoen Pokphand Group of Thailand. Part of that sale has already been completed. But media outlets have reported this week that the China Development Bank, a big state lender, has decided not to finance the rest of the deal and that the China Insurance Regulatory Commission is likely to reject the deal.

The report, first published by The South China Morning Post, could not be independently confirmed. The parties involved all declined to comment on Wednesday. A spokesman for Ping An, which is based in Shenzhen, China, would say only that approval of the deal was proceeding normally.

But several analysts have expressed doubts that the full deal will go through on time. In Hong Kong, Ping An shares rebounded on Wednesday from a sharp drop on Tuesday, while Ping An’s share price continued to decline for a second day in trading on the Shanghai Stock Exchange.

The deal is facing difficulty at a time of growing scrutiny of Ping An. The company, which is one of the largest insurers in China and a financial conglomerate worth about $60 billion, has longstanding financial ties to the relatives of China’s prime minister, Wen Jiabao, according to documents obtained by The New York Times.

The Times reported in October and November that the relatives of China’s prime minister had amassed a multibillion-dollar stake in Ping An before the company’s initial public stock offering in 2004.

The stake was bought from a Chinese state-owned company for about $65 million in late 2002, and was at one time worth as much as $3.7 billion. The relatives of Mr. Wen owned a portion of those shares through a series of holding companies. It is unclear whether they have sold their entire stake.

The relatives of China’s former Central Bank chief, Dai Xianglong, also held a Ping An stake through holding companies during the same period. At one time, the companies controlled about $3.1 billion in Ping An shares, according to corporate documents obtained by The Times.

The relatives obtained the shares at a time when the two senior government officials were effectively acting as financial regulators with oversight of Ping An during a crucial period before its I.P.O. in 2004.

The relatives of the two senior officials have denied holding the stakes.

HSBC acquired its initial stake in Ping An in September 2002, and bought additional stakes in Ping An from Morgan Stanley and Goldman Sachs. On Dec. 5, HSBC said it planned to sell its entire 15.6 percent stake to the Charoen Pokphand Group of Thailand to increase capital.

Soon after, one of China’s top business publications, Caixin, reported that a large part of the payment for the first part of the purchase would come from a group of Chinese investors and Ping An’s management team, as well as the former president of Thailand, Thaksin Shinawatra. Ping An and Charoen Pokphand disputed the Caixin magazine report.

Ping An is widely regarded as one of the most successful financial services firms in China. The company was founded in 1988, and has operated as a shareholding company since shortly after that time. It is not considered a state- owned company, but the government of Shenzhen has always held a big stake in Ping An, which operates the country’s second-largest insurer.

Read More..

Four Women Fatally Shot at Tulsa Apartment







TULSA, Okla. (AP) — Four young women were found shot to death in the same apartment in a rugged part of south Tulsa on Monday, apparent victims of a midday shooting spree at a building near a park along the Arkansas River. A 4-year-old boy was found unharmed.




Police wouldn't say whether the victims — all in their late teens or early 20s — were related or how they would have known each other, and wouldn't say whether the boy was related to any of them. Police said they did not yet know not yet know why the women were shot, and officers were searching for whoever committed the crime.


"Right now, we have no clear-cut suspect we're looking at at this point," said police spokesman Leland Ashley. "I don't want to strike fear in the community tonight, but we do have an individual or individuals who murdered four people. Do we know if there was a motive, like a jealous lover? We don't know that. We can't say if it was random or if someone knew (the victims)."


Ashley said detectives and officers were "beating the bushes" to figure out what happened.


The neighborhood around the Fairmont Terrace Apartments is a seedy oasis in the rest of south Tulsa. The Southern Hills Country Club is a mile east and Oral Roberts University is two miles southeast.


At the apartment complex, bed sheets or cardboard hang as improvised draperies in many windows behind a black wrought-iron gate. The guard shack is empty and signs read "Curfew 10 p.m. for everyone, everyday" and "Photo ID required to be on property."


The building's website says a courtesy safety patrol is available after dark, but police believe the killings occurred between 11:30 a.m. and 12:30 p.m. Officer Jill Roberson said police received a 911 call about 12:30 p.m., and Ashley said someone had spoken to someone at the apartment less than an hour earlier.


Frankie Williams, 25, an oil field worker, said his girlfriend lives about 100 feet from the apartment where the women were found dead.


"She's going to be moving out right quick. This is not the place to be raising a 3-month-old," he said. "This is pretty intense."


Sennie Anderson, 20, is soon to mark two years at the apartment complex.


"I've been afraid since I moved in this place," she said, clutching her visibly upset 3-year-old daughter, Da'Mya. "I think it's getting worse."


Ashley said police were hopeful someone in the community would come forward with more information about the shootings.


"We still have a lot of questions that need to be answered at this point. ... Our concern is for the small child, possibly having to witness this horrific tragedy," Ashley said.


Read More..

Galaxy phones power Samsung to record $8.3 billion profit






SEOUL (Reuters) – Samsung Electronics, the world leader in mobiles and memory chips, said it likely earned a quarterly profit of $ 8.3 billion, as it sold close to 500 handsets a minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple Inc products.


That run of five straight record quarters may end in January-March on weaker seasonal demand, though a strong pipeline of smartphones – the South Korean group’s biggest earner – and improving chip prices have eased concerns that earnings growth could slow this year, powering Samsung shares to record levels last week.






The stock closed down 1.3 percent on Tuesday, in a Seoul market that fell 0.7 percent.


“Investors are a bit concerned that Samsung’s momentum may slow in the first half. The smartphone market is unlikely to sustain its strong growth as advanced markets are nearing saturation despite growth in emerging countries,” said Kim Sung-soo, a fund manager at LS Asset Management.


Samsung has outpaced Apple – its biggest rival and biggest customer – despite the U.S. firm’s launch of the latest iPhone 5, with sales momentum boosted by its Galaxy Note II phone-cum-tablet, or ‘phablet’, in the fourth quarter. IPhone 5 sales were a little below expectations, analysts said.


While Apple rolled out just a single new smartphone last year globally, Samsung bombarded the market with 37 variants tweaked for regional and consumer tastes, from high-end smartphones to cheaper low-end models. By comparison, Taiwan’s HTC Corp released 18 models, Nokia 9 and LG Electronics 24.


HTC on Monday said its fourth-quarter profit slumped more than 90 percent as its sales continue to trail those of the Galaxy range and the iPhone.


Samsung, valued at close to $ 230 billion, gave its October-December earnings guidance on Tuesday, ahead of the full earnings release expected by January 25.


A HIGH NOTE


Shipments of Samsung’s flagship Galaxy S III, which overtook the iPhone 4S in the third quarter to become the world’s best-selling smartphone, are likely to have slipped to around 15 million in the last quarter from 18 million in July-September, analysts estimate, but sales of around 8 million Galaxy Note II ‘phablets’ should more than make up for that – pushing overall smartphone shipments to around 63 million.


“The Note was selling well, boosting fourth-quarter profit, while iPhone 5 sales were less than expected,” said Song Myung-sub, an analyst at HI Investment & Securities.


“Samsung’s profit will drop in the current quarter because of decreased phone profits. It will launch the Galaxy S IV only in March or April so, without new models, phone sales prices will fall this quarter. For the whole year, Samsung will launch new models faster than Apple and have the upper hand in the smartphone market.”


The new Galaxy, widely expected to be released within months, may have an unbreakable screen and full high-definition quality resolution boasting 440 pixels per inch, as well as a better camera and a more powerful processor.


“Samsung’s smartphone shipments are likely to grow even in a seasonally weak first quarter. The early launch of the Galaxy S IV would drive second-quarter growth momentum,” said BNP Paribas Securities analyst Peter Yu, who predicts Samsung’s 2013 operating profit will grow 25 percent to almost $ 35 billion.


Samsung is expected to increase its smartphone sales by more than a third this year, and widen its lead over Apple as it offers a broader range of mobile devices, said Neil Mawston, executive director at market researcher Strategy Analytics, which forecasts Samsung will sell 290 million smartphones this year, up from a projected 215 million in 2012.


Kim Sung-in, an analyst at Kiwoom Securities, sees Samsung shipping 320 million smartphones this year and doubling sales of its tablets to 32 million.


STRONG NUMBERS


Samsung said its October-December operating profit jumped 89 percent to 8.8 trillion won from a year ago, just ahead of a forecast for 8.7 trillion won by 16 analysts surveyed by Reuters. That is 8.6 percent higher than its previous record of 8.1 trillion won in July-September.


Analysts expect profits from the mobile division to more than double from last year and increase slightly from the previous quarter, to around 5.8 trillion won. A recovery in chip prices and flat screens should also boost component earnings, helped by booming sales of mobiles carrying Samsung’s chips, micro-processors and flat screens.


Reflecting the strong outlook, shares in Asia’s most valuable technology stock last week hit a life high of 1.584 million won ($ 1,500). The stock gained 44 percent last year, topping Apple’s 31 percent increase and easily outpacing a 9 percent rise on the broader Korean market.


Samsung, led by founding family member and chairman Lee Kun-hee, is embroiled in a patent legal battle with Apple globally. Apple won a $ 1.05 billion verdict against Samsung in August, but has failed to win a permanent sales ban on several, mostly older Samsung models.


(Additional reporting by Joyce Lee and Narae Kim; Editing by Ian Geoghegan)


Wireless News Headlines – Yahoo! News





Title Post: Galaxy phones power Samsung to record $8.3 billion profit
Url Post: http://www.news.fluser.com/galaxy-phones-power-samsung-to-record-8-3-billion-profit/
Link To Post : Galaxy phones power Samsung to record $8.3 billion profit
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

2nd Winehouse inquest confirms alcohol death


LONDON (AP) — Amy Winehouse died from accidental alcohol poisoning when she resumed drinking after a period of abstinence, a second coroner's inquest confirmed Tuesday.


Coroner Shirley Radcliffe ruled that the 27-year-old soul singer "died as a result of alcohol toxicity" and recorded a verdict of death by misadventure. She said there were no suspicious circumstances.


She said that Winehouse "voluntarily consumed alcohol — a deliberate act that took an unexpected turn and led to her death."


The Grammy-winning singer, who fought a very public battle with drug and alcohol abuse for years, was found dead at her London home on July 23, 2011, with empty vodka bottles scattered around her.


Radcliffe said a postmortem had found that Winehouse had a blood alcohol level five times the legal driving limit, and above a level that can prove fatal.


She said that that much alcohol could affect the central nervous system so much that a patient could "fall asleep and not wake up."


Pathologist Michael Sheaff told the inquest that Winehouse had likely suffered a respiratory arrest after consuming so much alcohol. The level in her blood was 416 milligrams per 100 milliliters, a blood alcohol level of 0.4 percent. The British legal driving limit is 0.08 percent.


Winehouse's family did not attend the 45-minute inquest, which was held after the original coroner was found to lack the proper qualifications for the job.


That coroner later resigned after her qualifications were questioned. She had been hired by her husband, the senior coroner for inner north London. But she had not been a registered lawyer in Britain for five years as required.


In Britain, inquests are held to determine the facts whenever someone dies unexpectedly, violently or in disputed circumstances.


Tuesday's verdict was the same as that produced by the first inquest in 2011.


The beehive-haired Winehouse shot to global fame with her 2006 album "Back to Black," which won five Grammys. But her erratic public behavior, turbulent private life and frequent health problems — which included seizures, emphysema and bulimia — often overshadowed her talent.


Tuesday's second inquest re-heard testimony from witnesses and experts including the bodyguard who found Winehouse dead, the police officer who investigated and a doctor who treated the singer as she tried to quit drugs and alcohol.


The doctor, Christina Romete, said Winehouse was "a highly intelligent individual, very determined and willful," who did not easily follow doctors' orders and resisted suggestions she seek psychological help.


She said the singer had successfully given up drugs after a period taking heroin, crack cocaine and marijuana, but had struggled to stop drinking, going through periods of abstinence followed by booze binges.


She started drinking a few days before her death, after being dry for almost two weeks.


"She said she started drinking again because she felt bored," said Romete, who saw Winehouse the day before she died.


"I asked Amy if she was going to stop drinking that evening, and she said she did not know," the doctor said.


Read More..

The New Old Age Blog: Who Should Receive Organ Transplants?

Joe Gammalo had been contending with pulmonary fibrosis, a scarring of the lungs, for more than a decade when he came to the Cleveland Clinic in 2008 seeking a lung transplant.

“It had gotten to the point where I was on oxygen all the time and in a wheelchair,” he told me in an interview. “I didn’t expect to live.”

Lung transplants are a dicey proposition, involving a huge surgical procedure, arduous follow-up, the lifelong use of potent immunosuppressive drugs and high rates of serious side effects. “It’s not like taking out an appendix,” said Dr. Marie Budev, the medical director of the clinic’s lung transplant program.

Only 50 to 57 percent of all recipients live for five years, she noted, and they will still die of their disease. But there’s no other treatment for pulmonary fibrosis.

Some medical centers would have turned Mr. Gammalo away. Because survival rates are even lower for older patients, guidelines from the International Society for Heart and Lung Transplantation caution against lung transplants for those over 65, though they set no age limit.

But “we are known as an aggressive, high-risk center,” said Dr. Budev. So Mr. Gammalo was 66 when he received a lung; his newly found buddy, Clyde Conn, who received the other lung from the same donor, was 69.

You can’t mistake the trend: A graying population and revised policies determining who gets priority for donated organs, have led to a rising proportion of older adults receiving transplants.

My colleague Judith Graham has reported on the increase in heart transplants, but the pattern extends to other organs, too.

The number of kidney transplants performed annually on adults over 65 tripled between 1998 and last year, according to data from the Scientific Registry of Transplant Recipients. In 2001, 7.4 percent of liver transplant recipients were over 65; last year, that rose to 13 percent.

The rise in elderly lung transplant candidates is particularly dramatic because, since 2005, a “lung allocation score” puts those at the highest mortality risk, rather than those who’ve waited longest, at the top of the list.

In 2001, about 3 percent of those on the wait list and of those transplanted were over 65; last year, older patients represented almost 18 percent of wait-listed candidates and more than a quarter of transplant recipients. (Medicare pays for the surgery, though patients face co-pays and considerable out-of-pocket costs, including for drugs and travel.)

The debate has grown, too: When the number of adults awaiting transplants keeps growing, but organ donations stay flat, is it desirable or even ethical that an increasing proportion of recipients are elderly?

Dr. Budev, who estimated that a third of her program’s patients are over 65, votes yes. As long as a program selects candidates carefully, “how can you deny them a therapy?” she asked. So the Cleveland Clinic has no age limit. “We feel that everyone should have a chance.”

At the University of Michigan, by contrast, the age limit remains 65, though Dr. Kevin Chan, the transplant program’s medical director, acknowledged that some fit older patients get transplanted.

“You can talk about this all day — it’s a tough one,” Dr. Chan said. Younger recipients have greater physiologic reserve to aid in the arduous recovery; older ones face higher risk of subsequent kidney failure, stroke, diabetes and other diseases, and, of course, their lifespans are shorter to begin with.

Donated lungs, fragile and prone to injury, are a particularly scarce commodity. Last year, surgeons performed 16,055 kidney transplants, 5,805 liver transplants and 1,949 heart transplants. Only1,830 patients received lung transplants.

“What if there’s a 35-year-old on a ventilator who needs the lung just as much?” Dr. Chan said. “Why should a 72-year-old possibly take away a lung from a 35-year-old?” Yet, he acknowledged, “it’s easy to look at the statistics and say, ‘Give the lungs to younger patients.’ At the bedside, when you meet this patient and family, it’s a lot different.”

These questions about who deserves scarce resources — those most likely to die without them? or those most likely to live longer with them? — will persist as the population ages. They’re also likely to arise when the International Society for Heart and Lung Transplantation begins working towards revised guidelines this spring. (I’d also like to hear your take, below.)

Lots of 65- and 75-year-olds are very healthy. Yet transplants themselves can cause harm and there’s no backup, like dialysis. Without the transplant, they die. But when the transplant goes wrong, they also die.

More than four years post-transplant, the Cleveland Clinic’s “lung brothers” are success stories. Mr. Conn, who lives near Dayton, Ohio, can’t walk very far or lift more than 10 pounds, but he works part time as a real-estate appraiser and enjoys cruises with his wife.

Mr. Gammalo, a onetime musician, has developed diabetes, like nearly half of all lung recipients. But he went onstage a few weeks back to sing “Don’t Be Cruel” with his son’s rock band, “a highlight of both our lives,” he said.

Yet when I asked Mr. Conn, now 73, how he felt about having priority over a younger but healthier person, he paused. “It’s a good question,” he said, to which he had no answer.


Paula Span is the author of “When the Time Comes: Families With Aging Parents Share Their Struggles and Solutions.”

Read More..

DealBook: Easing of Rules for Banks Acknowledges Reality

When a global committee of regulators and central bankers agreed to a new set of rules for the banking system a year and a half ago, Jamie Dimon, the chief executive of JPMorgan Chase, told The Financial Times, “I’m very close to thinking the United States shouldn’t be in Basel anymore. I would not have agreed to rules that are blatantly anti-American.”

Over the last weekend, Mr. Dimon finally got what he had wanted: a form of deregulation of sorts. The new international capital requirements for banks, known as Basel III — apologies if your eyes are glazing over — were significantly relaxed by regulators.

Instead of requiring banks to maintain, by 2015, a certain amount of assets that can quickly be turned into cash, the most stringent deadline was pushed to 2019. Perhaps more important, the type of assets that could be counted in a bank’s liquidity requirement was changed to be more flexible, including securities backed by mortgages, for example, instead of simply sovereign debt.

This sounds boring, but it is important stuff. Increasing bank capital and liquidity requirements — think of it as the size of a bank’s rainy day fund — is arguably more significant than all of the new laws in the Dodd-Frank Wall Street Reform and Consumer Protection Act. The more capital a bank is required to hold, the lower the chance it could suffer a run on the bank like Lehman Brothers did in 2008.

Given memories of the financial crisis, the idea that regulators would loosen rules even a smidgen is considered a huge giveaway. The conventional wisdom is that the banks are the big winners and the regulators are, once again, patsies, capitulating under pressure to the all-powerful financial industry. The headlines tell the story: “Banks Win 4-Year Delay as Basel Liquidity Rule Loosened,” Bloomberg declared. The Financial Times splashed, “ ‘Massive Softening’ of Basel Rules.” “Bank Regulators Retreat,” the Huffington Post said. Reuters described the new regulations as a “light touch.”

Mayra Rodríguez Valladares, a managing principal at MRV Associates, a regulatory consulting firm, put it this way, “With every part of Basel III that is gutted, we are increasingly back where we were at the eve of the crisis.” She went on to say, “In today’s financial world, regulators pretend to supervise while banks pretend to be liquid.”

But this is a knee-jerk response.

While there is no question that the original rules would do a better job preventing the next 100-year flood in the banking system, their quick adoption most likely would have created their own drag on the economy because bank lending would most likely have been curtailed.

“If Basel had been implemented this year as written, it almost certainly would have thrown the U.S. and other economies into a recession more than going over the fiscal cliff ever would have,” John Berlau of the Competitive Enterprise Institute, a research organization promoting free markets, wrote. Mr. Berlau, who may have a penchant for hyperbole, had been calling the deadline the Basel cliff. He added, “Basel III has been delayed, and for Main Street growth and financial stability, that is all to the good.”

Mr. Berlau is right. In truth, the reason that regulators ultimately chose to relax the rules was simple practicality: many banks in Europe and some in the United States would have never been able to meet the requirements without significantly reducing the amount of credit they were to extend to Main Street over the next two years, according to people involved in the Basel decision process.

That’s the other side of the regulatory coin that Main Street often forgets about. At the time that the original rules were written in 2010, the consensus among economists was that the global economy would be in much better shape today than it is.

“Nobody set out to make it stronger or weaker, but to make it more realistic,” Mervyn A. King, governor of the Bank of England, explained.

Let’s be clear: high capital requirements are a good thing to do to reduce risk in the system. And there is no question that the banks, especially in the United States, are in a much stronger position than they were. Let’s also stipulate that the Basel committee did a horrible job before the financial crisis in setting and enforcing proper standards. Basel’s loosening of rules before the crisis that worsened the pain of the global banking system.

But the push for stricter rules just as the global economy is trying to nurse itself back to health, simply to satisfy the public, rather to find a solution that balances the risks to the economy and the banking system, would have been a mistake. The chances of a leverage-induced crisis from Wall Street banks right now is quite low.

The challenge for regulators is making sure their memories aren’t so short that they seek to scale back the rules again.


This post has been revised to reflect the following correction:

Correction: January 8, 2013

An earlier version of this article misstated the affiliation of John Berlau. He is a senior fellow at the Competitive Enterprise Institute, not the Bastiat Institute.

Read More..

Virtual U.: Massive Open Online Courses Prove Popular, if Not Lucrative Yet


Ramin Rahimian for The New York Times


Coursera has 35 employees in Mountain View, Calif. An employee works on a laptop near a new reception area.







MOUNTAIN VIEW, Calif. — In August, four months after Daphne Koller and Andrew Ng started the online education company Coursera, its free college courses had drawn in a million users, a faster launching than either Facebook or Twitter.




The co-founders, computer science professors at Stanford University, watched with amazement as enrollment passed two million last month, with 70,000 new students a week signing up for over 200 courses, including Human-Computer Interaction, Songwriting and Gamification, taught by faculty members at the company’s partners, 33 elite universities.


In less than a year, Coursera has attracted $22 million in venture capital and has created so much buzz that some universities sound a bit defensive about not leaping onto the bandwagon.


Other approaches to online courses are emerging as well. Universities nationwide are increasing their online offerings, hoping to attract students around the world. New ventures like Udemy help individual professors put their courses online. Harvard and the Massachusetts Institute of Technology have each provided $30 million to create edX. Another Stanford spinoff, Udacity, has attracted more than a million students to its menu of massive open online courses, or MOOCs, along with $15 million in financing.


All of this could well add up to the future of higher education — if anyone can figure out how to make money.


Coursera has grown at warp speed to emerge as the current leader of the pack, striving to support its business by creating revenue streams through licensing, certification fees and recruitment data provided to employers, among other efforts. But there is no guarantee that it will keep its position in the exploding education technology marketplace.


“No one’s got the model that’s going to work yet,” said James Grimmelmann, a New York Law School professor who specializes in computer and Internet law. “I expect all the current ventures to fail, because the expectations are too high. People think something will catch on like wildfire. But more likely, it’s maybe a decade later that somebody figures out how to do it and make money.”


For their part, Ms. Koller and Mr. Ng proclaim a desire to keep courses freely available to poor students worldwide. Education, they have said repeatedly, should be a right, not a privilege. And even their venture backers say profits can wait.


“Monetization is not the most important objective for this business at this point,” said Scott Sandell, a Coursera financier who is a general partner at New Enterprise Associates. “What is important is that Coursera is rapidly accumulating a body of high-quality content that could be very attractive to universities that want to license it for their own use. We invest with a very long mind-set, and the gestation period of the very best companies is at least 10 years.”


But with the first trickles of revenue now coming in, Coursera’s university partners expect to see some revenue sooner.


“We’ll make money when Coursera makes money,” said Peter Lange, the provost of Duke University, one of Coursera’s partners. “I don’t think it will be too long down the road. We don’t want to make the mistake the newspaper industry did, of giving our product away free online for too long.”


Right now, the most promising source of revenue for Coursera is the payment of licensing fees from other educational institutions that want to use the Coursera classes, either as a ready-made “course in a box” or as video lectures students can watch before going to class to work with a faculty member.


Ms. Koller has plenty of other ideas, as well. She is planning to charge $20, or maybe $50, for certificates of completion. And her company, like Udacity, has begun to charge corporate employers, including Facebook and Twitter, for access to high-performing students, starting with those studying software engineering.


This fall, Ms. Koller was excited about news she was about to announce: Antioch University’s Los Angeles campus had agreed to offer its students credit for successfully completing two Coursera courses, Modern and Contemporary American Poetry and Greek and Roman Mythology, both taught by professors from the University of Pennsylvania. Antioch would be the first college to pay a licensing fee — Ms. Koller would not say how much — to offer the courses to its students at a tuition lower than any four-year public campus in the state.


“We think this model will spread, helping academic institutions offer their students a better education at a lower price,” she said.


Read More..