DealBook: Deutsche Bank Posts Surprise $3 Billion Loss

FRANKFURT – Deutsche Bank, Germany’s largest lender, reported a surprise net loss of 2.2 billion euros ($3 billion) for the fourth quarter of 2012 on Thursday, hurt by the diminished value of some assets as well as costs related to numerous legal proceedings.

The results underline the task ahead for Jürgen Fitschen and Anshu Jain, the co- chief executives who took over the bank less than seven months ago and have declared their intention to deal more severely with the legacy of the financial crisis.

“This is the most comprehensive reconfiguration of Deutsche Bank in recent times,” Mr. Fitschen and Mr. Jain said in a statement. They warned that “deliberate but sometimes uncomfortable change” lay ahead, adding that “this journey will take years not months.”

Deutsche Bank avoided a government bailout during the financial crisis, but has faced numerous lawsuits and official investigations, including a tax-evasion inquiry that led to a raid on company headquarters last month by German police.

“Significant” charges related to legal proceedings contributed to the loss, Deutsche Bank said, without providing specifics.

Analysts consider the bank to be among the most highly leveraged in Europe, and bank management has promised to reduce the number of risky activities, a process that sometimes requires it to recognize the reduced value of assets and book losses.

Despite the loss, Deutsche Bank said fourth-quarter revenue rose 14 percent, to 7.9 billion euros, from the period a year earlier. The bank also said it had increased the amount of capital held as insurance against risk, and reduced the amount of money it needed to set aside to cover possible bad loans. The bank said it had reduced total employee pay to the lowest level in years.

The bank had warned in December that it would incur major charges in the quarter, without saying how much.

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IHT Rendezvous: A Story Known Far and Wide, in Denmark at Least

Until this month, if the Danish director and screenwriter Nikolaj Arcel was known at all in the English-speaking world, it was as the co-writer of the screenplay for the original version of “The Girl With the Dragon Tattoo.” But after winning two prizes at the Berlin Film Festival a year ago, the latest film he directed, “A Royal Affair,” is now getting attention in Hollywood as one of the five contenders nominated for the Academy Award for best foreign-language film.

“A Royal Affair” is set in the late 18th century, in the court of Christian VII, the mentally ill king of Denmark. A German doctor with progressive political and medical ideas, Johann Friederich Struensee, is hired to attend him, but after some initial improvement in the king’s behavior, things begin to take an unexpected direction: the doctor fills Christian with the revolutionary ideas of Voltaire and Rousseau at the same time he secretly becomes the lover of the young English-born queen, Caroline.

The film is the fifth Mr. Arcel has directed and features Mads Mikkelsen, who has appeared in “Casino Royale” and “Clash of the Titans,” as Struensee and Alicia Vikander, seen most recently in “Anna Karenina,” as Caroline. This week Mr. Arcel, 40, spoke by telephone from Denmark, where he is at work on a new project, about the genesis and objectives of “A Royal Affair.” Here are edited excerpts from that interview:

Your film portrays an episode virtually unknown outside Denmark. How well-known is it among Danes in the 21st century?

This is probably one of the most famous historic episodes in Denmark, and I would say that every single Dane knows about it. But it’s funny, because as soon as you cross the border, nobody knows it. So basically it’s only Denmark, where it’s taught in schools.

Did this story fascinate you as a child?

Yes, as it did most Danish kids. Of course you can’t understand the complexities of it when you’re in second or third grade, but what you can understand is that a beautiful young girl married a crazy king and had an affair with a rebellious revolutionary doctor. The adventure of it got to me as a kid.

So why hadn’t a movie version of this story been made earlier?

It’s a very ambitious project. I knew a lot of people had been trying to make the film for many, many years; obviously it’s been a bit of a holy grail for Danish filmmakers. But of course because of financing and various other problems, I guess it didn’t get made.

I never thought I would be crazy enough to try and do it. But then eventually after my third film, I thought, “O.K., if nobody is going to do this film, maybe I should give it a go.” Then cut to five years later, because it did actually take that long to get it done.

To tell the story, you opted to make a genre film, somewhat in the style of the costume dramas that the British do so well. Why did you take that approach?

Denmark is known for smaller sort of films, the Dogme films and small dramas, but what my entire career has been about has been making films that are very non-Danish in their look and way of storytelling. So I always find joy in trying to do something that has never been done in Denmark before. In this case it was the big, epic, lavish sort of costume drama.

When you talking about your films looking non-Danish, what do you mean?

I was part of a generation raised on American films, on the films of the ’70s, the new Hollywood, and I was a big fan of those. We grew up with a healthy mix of Hal Ashby, Scorsese, Coppola, Spielberg and Lucas, and you can see that in other filmmakers my age now in Denmark. They have a slightly more Americanized way of telling stories, a slightly more lavish scope and are making films that are a little bit more genre and not so much dramas that are about divorce and death and family. We like to tell slightly bigger stories. I’m a big political nut myself, so a lot of my films have politics.

It’s interesting to hear you say that, because I thought you were using the costume drama and romantic triangle in “A Royal Affair” to deal a lot with politics, and not just 18th-century politics but also issues that confront us today.

Yes, the big fight between conservatism and idealism. When I was writing, it was general feelings that I had about things that are still being discussed. When we were at Berlin, it was very timely because of the Arab Spring. Everybody thought we had done a film about the Arab Spring. And then when it came to America, it was the presidential election, and everybody in the U.S. thought we did a film that spoke to the American political situation. But this just goes to show that these are discussions that never end. We’re still discussing the same issues.

So the debate in the film about whether to inoculate the population against smallpox is a kind of stand-in for current issues like global warming and whether the 1 percent should pay more in taxes?

Yes, and you can even relate it to the health care discussion: should we use money to make sure that people are healthy? The conservatives at court are saying we don’t have money for that, we’ll just inoculate the wealthy— which is something that still goes on, I think.

Lars von Trier is listed as one of the executive producers of “A Royal Affair.” Could you talk a bit about his participation in the project?

He’s a friend and obviously a mentor to me and to almost every Danish filmmaker. I asked him to be the main consultant for the screenplay and also in the editing. He came in and read the screenplay at various stages and gave his notes and came up with some ideas. He was the one, for example, who suggested that we follow both Caroline and Struensee instead of following just one of them. He said, “You should go epic and spend the time it takes to be with both of them, instead of just one.” And that was very good advice.

And in the editing process?

He also came into the editing room and sat with us for a couple of weeks. He gives very good, concise notes, he’s very good at that. The good thing about Lars is that he’s a brutal guy. He will just tell you if something doesn’t work, and he will tell you right away ‘I hate that’ or ‘I love that.’ (Laughs)

Specifically, he did help us take out some overexplaining at certain points. We thought the audience wouldn’t get certain things, but he said, “Take this out, delete this scene, you don’t need that.” He is basically the mentor of this film.

I know you’re being told you’ve got an uphill climb, being in the same category as Michael Haneke’s “Amour,” but you sound like you’re pleased just to be one of the nominees.

Yes, of course. I mean, who wouldn’t be? I think that being nominated for an Oscar is something quite joyful and if you start really stressing that you want to win, then you get … I think winning is not the important thing. It’s really an honor to be in the company of Haneke and some of these other directors. I’ll just be happy with that for now. (Laughs)

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Canon Forecast Falls Short of Expectations


TOKYO — Canon expects a 26.6 percent increase in operating profit this year as it cuts costs and increases revenue — but the projection Wednesday still fell short of analysts’ expectations.


Canon, a camera and printer maker considered a leader in profitability in corporate Japan with its aggressive cost-cutting, is angling for a foothold in the growing market for mirrorless cameras with interchangeable lenses, where it faces stiff competition from Sony, Olympus and Nikon.


Canon’s operating profit for the three months that ended Dec. 31 fell 17.9 percent, to ¥77.7 billion, or $853 million, below the average estimate of ¥100.9 billion among seven analysts surveyed by Thomson Reuters I/B/E/S.


“Both its full-year earnings and forecast are below market consensus, so the results were seen as negative,” said Makoto Kikuchi, the chief executive of Myojo Asset Management. “Investors have bought Canon on overly high expectations that a weaker yen will lift its bottom line, but such excitement should recede.”


Demand for compact cameras is shrinking as consumers shift to smartphones, while stretched budgets among customers in Europe have eroded sales of Canon’s office printers. And the company, which derives 80 percent of its revenue from overseas, was badly hit by the firmness of the Japanese currency last year. Canon officials said Wednesday that economic recovery in India and China, as well as aggressive economic stimulus policies in Japan, were likely to support the company’s earnings.


The company set its exchange rate assumptions for the business year ending in December at ¥85 to the dollar and ¥115 to the euro, weaker than the average last year of ¥79.96 per dollar and ¥102.8 per euro.


As one of the first blue-chip Japanese companies to report quarterly results, Canon is often seen as a barometer for technology sector earnings.


The company forecast a full-year operating profit of ¥410 billion for the current year through December, compared with the average expectation of a ¥443.3 billion profit among 21 analysts, according to Thomson Reuters StarMine.


Canon’s shares have fallen about 1 percent since the start of last year, underperforming the Nikkei average’s gain of 31 percent. The shares slipped to a three-year low in July, when Canon cut its outlook on fears of shrinking demand in China.


The stock ended nearly 3 percent higher Wednesday before the earnings announcement.


Xerox, with which Canon competes for a share of the global printer market, overshot expectations with its quarterly earnings and maintained its full-year targets as it restructures parts of its business and commits to further cost cuts.


Nikon is due to report its results next Wednesday, with Sony following the next day.


 


 


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The New Old Age Blog: For Some Caregivers, the Trauma Lingers

Recently, I spoke at length to a physician who seems to have suffered a form of post-traumatic stress after her mother’s final illness.

There is little research on this topic, which suggests that it is overlooked or discounted. But several experts acknowledge that psychological trauma of this sort does exist.

Barry Jacobs, a clinical psychologist and author of “The Emotional Survival Guide for Caregivers” (The Guilford Press, 2006), often sees caregivers who struggle with intrusive thoughts and memories months and even years after a loved one has died.

“Many people find themselves unable to stop thinking about the suffering they witnessed, which is so powerfully seared into their brains that they cannot push it away,” Dr. Jacobs said.

Flashbacks are a symptom of post-traumatic stress disorder, along with feelings of numbness, anxiety, guilt, dread, depression, irritability, apathy, tension and more. Though one symptom or several do not prove that such a condition exists — that’s up to an expert to determine — these issues are a “very common problem for caregivers,” Dr. Jacobs said.

Dolores Gallagher-Thompson, a professor of psychiatry at the Stanford University School of Medicine who treats many caregivers, said there was little evidence that caregiving on its own caused post-traumatic stress. But if someone is vulnerable for another reason — perhaps a tragedy experienced earlier in life — this kind of response might be activated.

“When something happens that the individual perceives and reacts to as a tremendous stressor, that can intensify and bring back to the forefront of consciousness memories that were traumatic,” Dr. Gallagher-Thompson said. “It’s more an exacerbation of an already existing vulnerability.”

Dr. Judy Stone, the physician who was willing to share her mother’s end-of-life experience and her powerful reaction to it, fits that definition in spades.

Both of Dr. Stone’s Hungarian parents were Holocaust survivors: her mother, Magdus, called Maggie by family and friends, had been sent to Auschwitz; her father, Miki, to Dachau. The two married before World War II, after Maggie left her small village, moved to the city and became a corset maker in Miki’s shop.

Death cast a long shadow over the family. During the war, Maggie’s first baby died of exposure while she was confined for a time to the Debrecen ghetto. After the war, the family moved to the United States, where they worked to recover a sense of normalcy and Miki worked as a maker of orthopedic appliances. Then he died suddenly of a heart attack at the age of 50.

“None of us recovered from that,” said Dr. Stone, who traces her interest in medicine and her lifelong interest in fighting for social justice to her parents and trips she made with her father to visit his clients.

Decades passed, as Dr. Stone operated an infectious disease practice in Cumberland, Md., and raised her own family.

In her old age, Maggie, who her daughter describes as “tough, stubborn, strong,” developed macular degeneration, bad arthritis and emphysema — a result of a smoking habit she started just after the war and never gave up. Still, she lived alone, accepting no help until she reached the age of 92.

Then, in late 2007, respiratory failure set in, causing the old woman to be admitted to the hospital, then rehabilitation, then assisted living, then another hospital. Maggie had made her preferences absolutely clear to her daughter, who had medical power of attorney: doctors were to pursue every intervention needed to keep her alive.

Yet one doctor sent her from a rehabilitation center to the hospital during respiratory crisis with instructions that she was not to be resuscitated — despite her express wishes. Fortunately, the hospital called Dr. Stone and the order was reversed.

“You have to be ever vigilant,” Dr. Stone said when asked what advice she would give to families. “You can’t assume that anything, be it a D.N.R. or allergies or medication orders, have been communicated correctly.”

Other mistakes were made in various settings: There were times that Dr. Stone’s mother had not received necessary oxygen, was without an inhaler she needed for respiratory distress, was denied water or ice chips to moisten her mouth, or received an antibiotic that can cause hallucinations in older people, despite Dr. Stone’s request that this not happen. “People didn’t listen,” she said. “The lack of communication was horrible.”

It was a daily fight to protect her mother and make sure she got what she needed, and “frankly, if I hadn’t been a doctor, I think I would have been thrown out of there,” she said.

In the end, when it became clear that death was inevitable, Maggie finally agreed to be taken off a respirator. But rather than immediately arrange for palliative measures, doctors arranged for a brief trial to see if she could breathe on her own.

“They didn’t give her enough morphine to suppress her agony,” Dr. Stone recalled.

Five years have passed since her mother died, and “I still have nightmares about her being tortured,” the doctor said. “I’ve never been able to overcome the feeling that I failed her — I let her down. It wasn’t her dying that is so upsetting, it was how she died and the unnecessary suffering at the end.”

Dr. Stone had specialized in treating infectious diseases and often saw patients who were critically ill in intensive care. But after her mother died, “I just could not do it,” she said. “I couldn’t see people die. I couldn’t step foot in the I.C.U. for a long, long time.”

Today, she works part time seeing patients with infectious diseases on an as-needed basis in various places — a job she calls “rent a doc” — and blogs for Scientific American about medical ethics. “I tilt at windmills,” she said, describing her current occupations.

Most important to her is trying to change problems in the health system that failed her mother and failed her as well. But Dr. Stone has a sense of despair about that: it is too big an issue, too hard to tackle.

I’m grateful to her for sharing her story so that other caregivers who may have experienced overwhelming emotional reactions that feel like post-traumatic stress realize they are not alone.

It is important to note that both Dr. Jacobs and Dr. Gallagher-Thompson report successfully treating caregivers beset by overwhelming stress. It is hard work and it takes time, but they say recovery is possible. I’ll give a sense of treatment options they and others recommend in another post.

Read More..

The New Old Age Blog: For Some Caregivers, the Trauma Lingers

Recently, I spoke at length to a physician who seems to have suffered a form of post-traumatic stress after her mother’s final illness.

There is little research on this topic, which suggests that it is overlooked or discounted. But several experts acknowledge that psychological trauma of this sort does exist.

Barry Jacobs, a clinical psychologist and author of “The Emotional Survival Guide for Caregivers” (The Guilford Press, 2006), often sees caregivers who struggle with intrusive thoughts and memories months and even years after a loved one has died.

“Many people find themselves unable to stop thinking about the suffering they witnessed, which is so powerfully seared into their brains that they cannot push it away,” Dr. Jacobs said.

Flashbacks are a symptom of post-traumatic stress disorder, along with feelings of numbness, anxiety, guilt, dread, depression, irritability, apathy, tension and more. Though one symptom or several do not prove that such a condition exists — that’s up to an expert to determine — these issues are a “very common problem for caregivers,” Dr. Jacobs said.

Dolores Gallagher-Thompson, a professor of psychiatry at the Stanford University School of Medicine who treats many caregivers, said there was little evidence that caregiving on its own caused post-traumatic stress. But if someone is vulnerable for another reason — perhaps a tragedy experienced earlier in life — this kind of response might be activated.

“When something happens that the individual perceives and reacts to as a tremendous stressor, that can intensify and bring back to the forefront of consciousness memories that were traumatic,” Dr. Gallagher-Thompson said. “It’s more an exacerbation of an already existing vulnerability.”

Dr. Judy Stone, the physician who was willing to share her mother’s end-of-life experience and her powerful reaction to it, fits that definition in spades.

Both of Dr. Stone’s Hungarian parents were Holocaust survivors: her mother, Magdus, called Maggie by family and friends, had been sent to Auschwitz; her father, Miki, to Dachau. The two married before World War II, after Maggie left her small village, moved to the city and became a corset maker in Miki’s shop.

Death cast a long shadow over the family. During the war, Maggie’s first baby died of exposure while she was confined for a time to the Debrecen ghetto. After the war, the family moved to the United States, where they worked to recover a sense of normalcy and Miki worked as a maker of orthopedic appliances. Then he died suddenly of a heart attack at the age of 50.

“None of us recovered from that,” said Dr. Stone, who traces her interest in medicine and her lifelong interest in fighting for social justice to her parents and trips she made with her father to visit his clients.

Decades passed, as Dr. Stone operated an infectious disease practice in Cumberland, Md., and raised her own family.

In her old age, Maggie, who her daughter describes as “tough, stubborn, strong,” developed macular degeneration, bad arthritis and emphysema — a result of a smoking habit she started just after the war and never gave up. Still, she lived alone, accepting no help until she reached the age of 92.

Then, in late 2007, respiratory failure set in, causing the old woman to be admitted to the hospital, then rehabilitation, then assisted living, then another hospital. Maggie had made her preferences absolutely clear to her daughter, who had medical power of attorney: doctors were to pursue every intervention needed to keep her alive.

Yet one doctor sent her from a rehabilitation center to the hospital during respiratory crisis with instructions that she was not to be resuscitated — despite her express wishes. Fortunately, the hospital called Dr. Stone and the order was reversed.

“You have to be ever vigilant,” Dr. Stone said when asked what advice she would give to families. “You can’t assume that anything, be it a D.N.R. or allergies or medication orders, have been communicated correctly.”

Other mistakes were made in various settings: There were times that Dr. Stone’s mother had not received necessary oxygen, was without an inhaler she needed for respiratory distress, was denied water or ice chips to moisten her mouth, or received an antibiotic that can cause hallucinations in older people, despite Dr. Stone’s request that this not happen. “People didn’t listen,” she said. “The lack of communication was horrible.”

It was a daily fight to protect her mother and make sure she got what she needed, and “frankly, if I hadn’t been a doctor, I think I would have been thrown out of there,” she said.

In the end, when it became clear that death was inevitable, Maggie finally agreed to be taken off a respirator. But rather than immediately arrange for palliative measures, doctors arranged for a brief trial to see if she could breathe on her own.

“They didn’t give her enough morphine to suppress her agony,” Dr. Stone recalled.

Five years have passed since her mother died, and “I still have nightmares about her being tortured,” the doctor said. “I’ve never been able to overcome the feeling that I failed her — I let her down. It wasn’t her dying that is so upsetting, it was how she died and the unnecessary suffering at the end.”

Dr. Stone had specialized in treating infectious diseases and often saw patients who were critically ill in intensive care. But after her mother died, “I just could not do it,” she said. “I couldn’t see people die. I couldn’t step foot in the I.C.U. for a long, long time.”

Today, she works part time seeing patients with infectious diseases on an as-needed basis in various places — a job she calls “rent a doc” — and blogs for Scientific American about medical ethics. “I tilt at windmills,” she said, describing her current occupations.

Most important to her is trying to change problems in the health system that failed her mother and failed her as well. But Dr. Stone has a sense of despair about that: it is too big an issue, too hard to tackle.

I’m grateful to her for sharing her story so that other caregivers who may have experienced overwhelming emotional reactions that feel like post-traumatic stress realize they are not alone.

It is important to note that both Dr. Jacobs and Dr. Gallagher-Thompson report successfully treating caregivers beset by overwhelming stress. It is hard work and it takes time, but they say recovery is possible. I’ll give a sense of treatment options they and others recommend in another post.

Read More..

U.S. Economy Unexpectedly Contracted in Fourth Quarter





The United States economy contracted unexpectedly in the final quarter of 2012, hurt by weaker exports, a drop in military spending and a slower buildup in inventories.


The Commerce Department said Wednesday that economic output in the quarter fell at an annual rate of 0.1 percent, compared with growth of a 3.1 percent pace in the third quarter.


It marked the economy’s worst performance since the second quarter of 2009.


The third-quarter figures had been bolstered by a big jump in inventories, so part of the slowdown was expected as businesses eased back in the fourth quarter. Still, the magnitude of the pullback caught economists by surprise.


Businesses may also have cut back on production because of the fiscal uncertainty in Washington, economists said. In addition, exports have been hurt by slower growth overseas, especially in Europe.


Before Wednesday’s announcement, the consensus estimate among economists for fourth-quarter growth stood at 1.1 percent.


Because data for exports and inventories tends to be volatile, there was a wide range in the predictions. For example, while JPMorgan anticipated growth of 0.4 percent for the fourth quarter, Barclays expected a 1.5 percent increase.


This was the Commerce Department’s first estimate of fourth-quarter growth; revisions are due in February and March, so the final figure could go up or down significantly.


But economists expect that slow growth has continued into the first quarter of 2013, with the consensus estimate currently calling for output to rise at an annual rate of 1.5 percent.


Consumers have been more cautious recently, especially because of a tw0-percentage-point increase in payroll taxes beginning this month that will cost a worker earning $50,000 a year an extra $1,000 annually. That was reflected in a consumer confidence survey released Tuesday by the Conference Board, which reported a sharp downturn in January that it attributed in part to financial anxiety arising from a reduction in take-home pay.


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IHT Rendezvous: As Asia Grows, So Do Prizes

BEIJING — A new Asian prize that pays more than the Nobel Prize will launch next year, joining an expanding list of cash-rich awards in the region as prosperity and philanthropy grow. Yet one prize – China’s Confucius Peace Prize – set up in 2010 in apparently outraged response to the award of the Nobel Peace Prize to the jailed Chinese dissident Liu Xiaobo – seems to be unable to establish itself. In fact, as one commentator wrote in the state-run Global Times late last year, “the award has been widely mocked.”

That is unlikely to happen to the Tang Prize, set up by Samuel Yin, a multibillionaire from Taiwan who has pledged to give away nearly all his wealth.

The new prize will award $1.7 million every other year to winners in each of four fields: sustainable development, biopharmaceutical science, Sinology, and the rule of law, Science magazine reported. The money will be divided into two parts, an award and a research fund, with the bulk going to the award.

Mr. Yin, head of Ruentex Group, is Taiwan’s seventh-richest person, according to Forbes magazine, worth about $3.1 billion from diversified investments including a hypermarket, insurance and Taiwanese real estate.

The award, announced on Monday in Taipei, “lengthens the list of rich science prizes funded by Asian philanthropists,” Science magazine reported. “Run Run Shaw, a Hong Kong media mogul, in 2002 established the Shaw Prize, which annually confers $1 million for work in astronomy, life science and medicine, and mathematical sciences.”

“Three other major science prizes in Japan hand out about $550,000 to each winner annually,” including the Kyoto Prize (technology, basic science, arts and philosophy), the Japan Prize (environment, energy and infrastructure, and health care and medical technology), and the Blue Planet Prize (environmental research.)

Mr. Yin hopes the new prize will “encourage more research that is beneficial to the world and humankind, promote Chinese culture, and make the world a better place,” according to a press release.

Academia Sinica, which oversees Taiwan’s premier research labs, will be responsible for the nomination and selection process, Science reported. The prize is named after the Tang dynasty, a high point in Chinese civilization and multiculturalism.

Yet if awarding prizes for science is relatively straightforward, awarding prizes for peace is far more controversial, as the ongoing debacle with the Confucius Peace Prize shows.

Its travails have been widely reported, with this story in Time magazine summing up some of the major issues, which include “wacky” nominee lists and a controversial founder, the Peking University professor and staunch Chinese ultra-nationalist Kong Qingdong, who claims to be a 73rd-generation offspring of Confucius himself and who early last year caused a storm of controversy after calling Hong Kong people “dogs” and “thieves.”

Time said the prize, awarded by “an obscure mainland group” (the China International Peace Research Center) was “a clumsy attempt to divert attention from the fact that the world’s most famous peace prize had just gone to a jailed Chinese dissident.” The government has reportedly dissociated itself from the award.

In 2010 and 2011 it was awarded, respectively, to a Taiwanese politician, Lien Chan, and to the Russian leader Vladimir V. Putin. Neither showed up for the ceremony.

Instead, wrote Xue Lei, a research fellow at the Shanghai Institutes for International Studies in the Global Times, “the award was given to a terrified small child” who was supposed to represent Mr. Lien, and to “two Russian hotties, supposed to represent Russian President Vladimir Putin,” all of which “just added to the entertainment value.”

Now, it appears to be slipping below the radar altogether.

Only a determined search of the Chinese internet showed up a report, dated Dec. 28, that suggested that last year a prize committee of 39 “experts and scholars” had in fact picked two winners for the 2012 award: Yuan Longping, known as “the father of hybrid rice,” a well-known scientist who for decades has worked to increase rice yields; and Kofi Annan, the former secretary-general of the United Nations.

But as the report on clubkdnet, an online chat forum, said, “there are no photographs on the internet of them receiving their prizes.”

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Gadgetwise Blog: Q&A: How to Set Up Twitter Lists

Is there a way to filter my Twitter feed to see all of the sports-related people and sites I follow into one group?

Twitter lets you create “lists” of the people and sites that you follow, and you can organize these lists by topic — like sports, weather, humor, news and so on. When you select a list you have made, you just see tweets from the people you specifically added to it, and not from everybody on your main Twitter feed.

To set up a list, log into your Twitter account on the Web. On the left side of your profile page, click Lists and then click the Create List button. Give your list a name and save it.

To add users you already follow, click the Following link to see the full list of accounts you have added to your Twitter feed. Click the drop-down menu next to a username and select “Add or remove from lists.” In the box that appears, turn on the checkbox next to the name of the list you just created and then close the box.

When you have finished adding all the accounts you want on a list, you can see the finished collection by clicking the Lists button on your Twitter page and selecting the name of the list. Standalone Twitter programs for the computer usually have a List button in the toolbar or menus for viewing your user compilations. On the Twitter app for Android or iOS, tap the Me icon, flick down the screen and tap Lists to see your groupings.

Lists can be private (meaning only you can see them) or public so that others can share and subscribe to them. Twitter has detailed instructions for using lists on its site.

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Rescuer Appears for New York Downtown Hospital





Manhattan’s only remaining hospital south of 14th Street, New York Downtown, has found a white knight willing to take over its debt and return it to good health, hospital officials said Monday.




NewYork-Presbyterian Hospital, one of New York City’s largest academic medical centers, has proposed to take over New York Downtown in a “certificate of need” filed with the State Health Department. The three-page proposal argues that though New York Downtown is projected to have a significant operating loss in 2013, it is vital to Lower Manhattan, including Wall Street, Chinatown and the Lower East Side, especially since the closing of St. Vincent’s Hospital after it declared bankruptcy in 2010.


The rescue proposal, which would need the Health Department’s approval, comes at a precarious time for hospitals in the city. Long Island College Hospital, just across the river in Cobble Hill, Brooklyn, has been threatened with closing after a failed merger with SUNY Downstate Medical Center, and several other Brooklyn hospitals are considering mergers to stem losses.


New York Downtown has been affiliated with the NewYork-Presbyterian health care system while maintaining separate operations.


“We are looking forward to having them become a sixth campus so the people in that community can continue to have a community hospital that continues to serve them,” Myrna Manners, a spokeswoman for NewYork-Presbyterian, said.


Fred Winters, a spokesman for New York Downtown, declined to comment.


Presbyterian’s proposal emphasized that it would acquire New York Downtown’s debt at no cost to the state, a critical point at a time when the state has shown little interest in bailing out failing hospitals.


The proposal said that if New York Downtown were to close, it would leave more than 300,000 residents of Lower Manhattan, including the financial district, Greenwich Village, SoHo, the Lower East Side and Chinatown, without a community hospital. In addition, it said, 750,000 people work and visit in the area every day, a number that is expected to grow with the construction of 1 World Trade Center and related buildings.


The proposal argues that New York Downtown is essential partly because of its long history of responding to disasters in the city. One of its predecessors was founded as a direct result of the 1920 terrorist bombing outside the J. P. Morgan Building, and the hospital has responded to the 1975 bombing of Fraunces Tavern, the 1993 and 2001 attacks on the World Trade Center, and, this month, the crash of a commuter ferry from New Jersey.


Like other fragile hospitals in the city, New York Downtown has shrunk, going to 180 beds, down from the 254 beds it was certified for in 2006, partly because the more affluent residents of Lower Manhattan often go to bigger hospitals for elective care.


The proposal says that half of the emergency department patients at New York Downtown either are on Medicaid, the program for the poor, or are uninsured.


NewYork-Presbyterian would absorb the cost of the hospital’s maternity and neonatal intensive care units, which have been expanding because of demand, but have been operating at a deficit of more than $1 million a year, the proposal said.


Read More..

Rescuer Appears for New York Downtown Hospital





Manhattan’s only remaining hospital south of 14th Street, New York Downtown, has found a white knight willing to take over its debt and return it to good health, hospital officials said Monday.




NewYork-Presbyterian Hospital, one of New York City’s largest academic medical centers, has proposed to take over New York Downtown in a “certificate of need” filed with the State Health Department. The three-page proposal argues that though New York Downtown is projected to have a significant operating loss in 2013, it is vital to Lower Manhattan, including Wall Street, Chinatown and the Lower East Side, especially since the closing of St. Vincent’s Hospital after it declared bankruptcy in 2010.


The rescue proposal, which would need the Health Department’s approval, comes at a precarious time for hospitals in the city. Long Island College Hospital, just across the river in Cobble Hill, Brooklyn, has been threatened with closing after a failed merger with SUNY Downstate Medical Center, and several other Brooklyn hospitals are considering mergers to stem losses.


New York Downtown has been affiliated with the NewYork-Presbyterian health care system while maintaining separate operations.


“We are looking forward to having them become a sixth campus so the people in that community can continue to have a community hospital that continues to serve them,” Myrna Manners, a spokeswoman for NewYork-Presbyterian, said.


Fred Winters, a spokesman for New York Downtown, declined to comment.


Presbyterian’s proposal emphasized that it would acquire New York Downtown’s debt at no cost to the state, a critical point at a time when the state has shown little interest in bailing out failing hospitals.


The proposal said that if New York Downtown were to close, it would leave more than 300,000 residents of Lower Manhattan, including the financial district, Greenwich Village, SoHo, the Lower East Side and Chinatown, without a community hospital. In addition, it said, 750,000 people work and visit in the area every day, a number that is expected to grow with the construction of 1 World Trade Center and related buildings.


The proposal argues that New York Downtown is essential partly because of its long history of responding to disasters in the city. One of its predecessors was founded as a direct result of the 1920 terrorist bombing outside the J. P. Morgan Building, and the hospital has responded to the 1975 bombing of Fraunces Tavern, the 1993 and 2001 attacks on the World Trade Center, and, this month, the crash of a commuter ferry from New Jersey.


Like other fragile hospitals in the city, New York Downtown has shrunk, going to 180 beds, down from the 254 beds it was certified for in 2006, partly because the more affluent residents of Lower Manhattan often go to bigger hospitals for elective care.


The proposal says that half of the emergency department patients at New York Downtown either are on Medicaid, the program for the poor, or are uninsured.


NewYork-Presbyterian would absorb the cost of the hospital’s maternity and neonatal intensive care units, which have been expanding because of demand, but have been operating at a deficit of more than $1 million a year, the proposal said.


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