Liberty Media Spins-off Starz – Analyst Blog

Liberty Media Corp. (LMCA) has completed the spin-off of its Starz Entertainment segment as a separate entity. According to management, the spin-off of Starz will unlock the latter's value by optimizing its capital structure and enabling Starz to find several alternative ways and partnerships for both content creation and distribution. At the end of the third quarter, total subscribers base of Starz increased 9% to 20.8 million while its sister TV channel Encore had 34.3 million subscribers, up 5% year over year. Together, these two channels command 55.1 million subscribers. Starz is currently trading at NASDAQ as Starz Inc. (STRZA). The company is famous for its premium movie channels and competes primarily with HBO of Time Warner Inc. (TWX) and Showtime of CBS Corp. (CBS). At present, HBO has about 39.5 million subscribers whereas Showtime has nearly 21.3 million subscribers.

Last October, Starz launched its two TV Everywhere services with Cox Communications Inc. The two online authenticated services are known as STARZ PLAY and ENCORE PLAY. Later, the company also launched its third streaming services called MOVIEPLEX PLAY with Cox. All these three services collectively offer 1,500 premium movies and TV programs every month.

Starz currently has about $1.1 billion of debt and access to a $450 million bank credit facility. Liberty Media earlier stated that the spin-off is envisioned to provide a cash dividend of $1.8 billion to the company. We believe that the spin-off of Starz will help Liberty Media to increase its stake in Barnes & Noble Inc. (BKS) and Live Nation Entertainment Inc. (LYV), together with SIRIUS XM Radio Inc. (SIRI). Liberty Media recently got regulatory approval to control more than 50% stake of SIRIUS XM.

Read more:

Liberty Media Spins-off Starz - Analyst Blog

Liberty Announces Semi-Annual Payment on 3.5% Senior Exchangeable Debentures Due 2031 – Results in Further Reduction …

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive Corporation (Nasdaq: LINTA, LINTB, LVNTA, LVNTB), announced a semi-annual payment to the holders of its 3.5% Senior Exchangeable Debentures due in 2031 (the "Debentures"). The amount of the payment is $17.50 per $1,000 of original principal amount of the Debentures.

Under the Indenture for the Debentures, the principal amount of the Debentures is adjusted in an amount equal to each extraordinary distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 3.5% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular extraordinary distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that extraordinary distribution.

To date, there have been two extraordinary distributions to holders of the Debentures. On January 10, 2007, Liberty made an extraordinary distribution of $162.6160 per $1,000 original principal amount of Debenture arising from Freescale Semiconductors going private transaction. On June 20, 2012, Liberty made an extraordinary distribution of $184.0960 per $1,000 original principal amount of Debenture arising from Motorola Mobility Holdings, Inc (MMI) acquisition by Google.

The adjustments described above will not affect the amount of the semi- annual payments received by holders of the debentures, which will continue to be a rate equal to 3.5% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount resulting from the payment, per $1,000 of original principal amount of the Debentures:

January 15, 2013 Beginning

Adjusted Principal

Additional Payment of Principal

January 15, 2013 Ending Adjusted Principal

The semi-annual interest payment and additional distribution are expected to be made on January 14, 2013 to holders of record of the Debentures on January 1, 2013.

The rest is here:

Liberty Announces Semi-Annual Payment on 3.5% Senior Exchangeable Debentures Due 2031 - Results in Further Reduction ...

Liberty Tire Recycling Earns GREENGUARD Synthetic Turf Certification for Infill Produced by All Eight Plants Across …

PITTSBURGH, Jan. 14, 2013 /PRNewswire/ --Liberty Tire Recycling, the premier provider of tire recycling services in North America, is the first and only company to achieve GREENGUARD Synthetic Turf Certification from the GREENGUARD Environmental Institute, an independent organization that strives to improve public health and quality of life through programs that reduce chemical exposure and improve indoor air quality. All products certified by GREENGUARD are rigorously tested to ensure they meet a series of strict chemical emissions standards based on established criteria from key public health agencies.

(Logo: http://photos.prnewswire.com/prnh/20091210/NE24642LOGO)

"As a market leader, we're acutely aware of our responsibility to invest time and resources to continuing the evolution of scrap tire recycling," said Jeffrey Kendall, CEO of Liberty Tire Recycling. "Our focus is long-term and if you look back over the last 20 years, the improvements in equipment, systems, processes and end products are impressive. At the same time, with our investments in research and development and support of tire retailers and end users, we're only at the beginning of what can be accomplished."

Synthetic turf infill manufactured at the following Liberty Tire Recycling production plants already holds GREENGUARD Synthetic Turf Certification: Calhoun, Georgia; Braddock, Pennsylvania; Salt Lake City, Utah; Des Moines, Iowa; Port St. Lucie, Florida; and Brunner, Ontario, Canada. Now all of the company's crumb rubber plants are certified, including Western Rubber, British Columbia, Canada; and Lockport, New York.

Liberty Tire Recycling provides crumb rubber to synthetic turf manufacturers and installers nationwide for material that is likened to the "dirt" of a natural grass system. Recycled rubber is an integral part of synthetic turf systems at all levels and is one of the leading uses of recycled car and truck tires. A synthetic turf football field uses 250,000 pounds of recycled rubber made from 20,000 scrap tires. The crumb rubber is used to provide a stable, yet cushioned surface for both high-performance athletic use and safe play for children. The dust-free granules provide an infill that maximizes traction, drainage and shock absorption.

GREENGUARD Synthetic Turf Certification ensures that synthetic turf components meet stringent requirements for chemical emissions, lead content and heavy metal migration that are certified by independent laboratories. The certification is based, in part, on the Consumer Product Safety Improvement Act, European toy safety standard criteria for heavy metals, and the California Office of Environmental Health Hazard Assessment's Chronic Reference Exposure Levels for volatile organic compounds.

For more information about Liberty Tire Recycling, visit http://www.libertytire.com.

About Liberty Tire Recycling Liberty Tire Recycling is the premier provider of tire recycling services in North America. By recycling more than 140 million tires annually, Liberty Tire reclaims about 1.5 billion pounds of rubber for innovative, eco-friendly products. The recycled rubber produced by Liberty Tire is used as crumb rubber and industrial feedstock for molded products; as tire-derived fuel for industrial kilns, mills and power plants; and as rubber mulch for landscaping and playgrounds. The company maintains a nationwide network of processing plants, and comprehensive door-to-door collection services. Liberty Tire Recycling is headquartered in Pittsburgh, PA. For more information, please visit http://www.libertytire.com.

Contact: Jeff Donaldson For Liberty Tire Recycling 412-642-7700 jeff.donaldson@elias-savion.com

Read the original:

Liberty Tire Recycling Earns GREENGUARD Synthetic Turf Certification for Infill Produced by All Eight Plants Across ...

Liberty Announces Adjustment to 3.125% Senior Exchangeable Debentures Due 2023

ENGLEWOOD, Colo.--(BUSINESS WIRE)--

Liberty Interactive LLC (Liberty), a subsidiary of Liberty Interactive Corporation (NASDAQ: LINTA/LINTB and LVNTA/LVNTB ) announced a cash distribution to the holders of its 3.125% Senior Exchangeable Debentures due in 2023 (the Debentures). This distribution is the result of AOL, Inc.s special dividend of $5.15 per share paid on December 14, 2012.

Each Debenture is exchangeable into a basket of securities consisting of 19.1360 common shares of Time Warner Entertainment (TWX), 4.8033 common shares of Time Warner Cable (TWC) and 1.7396 common shares of AOL, Inc. (AOL).

Pursuant to the indenture governing the Debentures, this distribution is considered an extraordinary distribution of cash. As a result, each Debenture holder will be entitled to receive a cash payment of $8.9589 per bond. The distribution is expected to be made on January 15, 2013 to holders of record on December 31, 2012.

Also pursuant to the indenture, on any date that we pay or make an additional distribution to the holders of the debentures that is attributable to an extraordinary distribution on the reference shares, the original principal amount of each debenture will be reduced by the amount of the additional distribution that is paid or made with respect to that debenture. Thereafter, the adjusted principal amount will be further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment on that date to represent the payment by Liberty, in arrears, of an annualized yield of 3.125% of the adjusted principal amount of the debentures. An adjustment for purposes of ensuring that Liberty does not pay an annualized yield of more than 3.125% of the adjusted principal amount of the debentures that is necessary by the payment of an additional distribution to holders of the debentures will take effect on the second succeeding interest payment date after the payment of that distribution. We will issue a press release each time an adjustment is made to the adjusted principal amount of the debentures.

Beginning Adjusted Principal per Bond

Extraordinary Distribution

Ending Adjusted Principal per Bond

The adjustments described above will not affect the amount of the semi-annual payments received by holders of the debentures, which will continue to be a rate of interest equal to 3.125% per annum of the original principal amount of the debentures.

About Liberty Interactive LLC

See the rest here:

Liberty Announces Adjustment to 3.125% Senior Exchangeable Debentures Due 2023

Liberty Media Spins-off Starz

Liberty Media Corp. (STRZA) has completed the spin-off of its Starz Entertainment segment as a separate entity. According to management, the spin-off of Starz will unlock the latters value by optimizing its capital structure and enabling Starz to find several alternative ways and partnerships for both content creation and distribution. At the end of the third quarter, total subscribers base of Starz increased 9% to 20.8 million while its sister TV channel Encore had 34.3 million subscribers, up 5% year over year. Together, these two channels command 55.1 million subscribers.

Starz is currently trading at NASDAQ as Starz Inc. (:STRZA). The company is famous for its premium movie channels and competes primarily with HBO of Time Warner Inc. (TWX) and Showtime of CBS Corp. (CBS). At present, HBO has about 39.5 million subscribers whereas Showtime has nearly 21.3 million subscribers.

Last October, Starz launched its two TV Everywhere services with Cox Communications Inc. The two online authenticated services are known as STARZ PLAY and ENCORE PLAY. Later, the company also launched its third streaming services called MOVIEPLEX PLAY with Cox. All these three services collectively offer 1,500 premium movies and TV programs every month.

Initially, STARZ PLAY and ENCORE PLAY will be accessible through Internet and iPhone, iPAD, and iPod through Wi-Fi and wired broadband connections. However, Starz stated that mobile connectivity, access through gaming consoles and availability of these services on Android-based devices will be launched later on. Furthermore, Starz is trying hard to enter into similar types of deals with other large pay-TV operators.

Starz currently has about $1.1 billion of debt and access to a $450 million bank credit facility. Liberty Media earlier stated that the spin-off is envisioned to provide a cash dividend of $1.8 billion to the company. We believe that the spin-off of Starz will help Liberty Media to increase its stake in Barnes & Noble Inc. (BKS) and Live Nation Entertainment Inc. (LYV), together with SIRIUS XM Radio Inc. (SIRI). Liberty Media recently got regulatory approval to control more than 50% stake of SIRIUS XM.

Read the Full Research Report on SIRI

Read the Full Research Report on CBS

Read the Full Research Report on BKS

Read the Full Research Report on LMCA

Read the Full Research Report on STRZA

Originally posted here:

Liberty Media Spins-off Starz

The Vegetarian Libertarian – Video


The Vegetarian Libertarian
At the core of libertarianism is the non-aggression principle, or the non-initiation of force. I believe this to be a fantastic principle, and one that I held in my core belief system long before I had ever heard of libertarianism. The fact that libertarians felt this way make it easy for me to make the transition, and leave behind the choosing of the lesser of two evils that were the Republican and Democratic parties. Because of my long-held belief in non-aggression, I also had adopted other philosophical changes in my life, including the choice to become vegetarian. So, my question to my fellow libertarians, is how far should the non-aggression principle extend? Should it extend to animals, as well as people? Is their intrinsic value any less than ours? I very much look forward to your responses.

By: MessageOfLiberty

Read more:

The Vegetarian Libertarian - Video

Politics Book Review: Libertarian Leadership: Planting the Seed for a Libertarian Future by C. Mi… – Video


Politics Book Review: Libertarian Leadership: Planting the Seed for a Libertarian Future by C. Mi...
http://www.PoliticsBookMix.com This is the summary of Libertarian Leadership Planting the Seed for a Libertarian Future by C. Michael Pickens.

By: PoliticsBookMix

See the article here:

Politics Book Review: Libertarian Leadership: Planting the Seed for a Libertarian Future by C. Mi... - Video

Libertarians endorse 'Manhattan Madam'

Could a Libertarian one day replace New York Mayor Michael Bloomberg when the time comes? There's news that the Queens County Libertarian Party has "unanimously" endorsed Kristin M. Davis as its candidate for mayor of the Big Apple when voters go to the polls this November.

Miss Davis was once known as the "Manhattan Madam" and says she "supplied prostitutes for Eliot Spitzer, was convicted for promoting prostitution and served four months on Rikers Island."

Prompted by what she calls "inequities in our criminal justice system," Miss Davis became a Libertarian and ran for New York governor two years ago on a platform of decriminalizing marijuana, marriage equality and legalized casino gambling. She also supported Gary Johnson in the 2012 presidential race.

"The Queens Libertarian Party is the largest Libertarian group in the state and their early endorsement of Davis sets the tone for her to become the official Libertarian Party candidate in the 2013 New York City mayoral race," says the hopeful's campaign outreach materials released Monday.

Miss Davis is expected to announce her candidacy "early in 2013" and plans to oppose, among other things, Mr. Bloomberg's restrictions on sugary soft drinks and the New York Police Department's Stop and Frisk program, which permits police to patrol or make "trespass stops" at private residential buildings enrolled in the program.

The Manhattan Libertarian Party's annual convention, incidentally, is Saturday.

Originally posted here:

Libertarians endorse 'Manhattan Madam'

China to survey islands disputed with Japan — Xinhua

BEIJING - China is to carry out a geographical survey of islands in the East China Sea at the center of a bitter dispute with Japan, state media said Tuesday.

The survey of the Diaoyu islands -- known as Senkakus in Japan, which controls them -- was part of a program to map China's "territorial islands and reefs," the Xinhua news agency said, citing a state geographical agency.

The maritime dispute, which has simmered off and on for years, intensified last year when the Japanese government nationalized islands in the small chain it did not already own, triggering anger and demonstrations in China.

The protests were allowed to take place by the Communist authorities in Beijing, who use nationalism to bolster their claims to legitimacy, particularly regarding Japan, which occupied parts of China in the 20th century.

The mapping exercise was part of China's efforts to "safeguard its maritime rights and interests", Xinhua said, without saying when it would take place or making clear whether it would involve activities on land, as opposed to sea-based surveying.

Excerpt from:

China to survey islands disputed with Japan — Xinhua

Villa Del Palmar At The Islands Of Loreto Introduces New Once-in-a-Lifetime Whale Watching Package

LORETO, Mexico, Jan. 14, 2013 /PRNewswire/ --With whale watching season just around the corner, Villa del Palmar at the Islands of Loreto, the newest member of Villa Group Resorts, is responding to increased client requests by introducing an exhilarating three-night package built around the amazing whale watching and marine life opportunities available in the Sea of Cortez and on the Baja Peninsula for only $695 USD per person.

When it's time for whale watching, guests will enjoy a scenic drive across Baja Peninsula to Magdalena Bay on the Pacific side where they will be led on a guided whale watching excursion by some of the region's most knowledgeable guides. Magdalena Bay is the perfect spot for whales, which travel nearly 4,000 miles on an arduous journey from Alaska to get to majestic Magdalena Bay. Some say that like guests who travel to the Islands of Loreto, Baja, Mexico, the whales come back each year for the food, the climate and simply the magic of the region.

Before heading out on the excursion, guests will enjoy a light breakfast, and afterwards they will be treated to a delicious, local lunch in Lopez Mateos, a tiny authentic fishing village. During the excursion, guests can expect to see grey whales while aboard a panga open-air boat. They will interact with the whales and learn about their lifestyle and habits while watching them jump, play and float near the boat. Normally the just born baby whales are more curious and playful, making the experience even more unforgettable.

"Whale watching excursions are one of our most popular activities at the resort," says Owen Perry, owner and president, Villa Group. "Guests love to touch and play with the grey whales while in the open-air panga boats surrounded by some of the most beautiful and clear water in the world. It's truly a transformative experience."

Villa del Palmar at the Islands of Loreto's Whale Watching Package includes three nights for two adults in a deluxe ocean view room at the resort and three days of exciting adventures. The first day includes a guided tour of Loreto City and the Mission of "Nuestra Senora de Loreto." The second day is the trip to Magdalena Bay for a guided whale watching excursion. And the third day gives guests the thrill of a guided, open-air panga ride where they will see dolphins and all of the natural beauty that the region has to offer.

Whale watching excursions are offered at Villa del Palmar at the Islands of Loreto through March 2013. The whales are often closest to shore and the most active in February.

Complete and customizable packages including accommodations, whale tours, dolphin tours, taxes, gratuities and other features are available through the resort reservations department. And for visitors to the Islands of Loreto, Baja, Mexico, whale watching day tours are available for $120 USD per person.

For more information or to book a package, guests should visit http://www.villadelpalmarloreto.com or call toll-free USA 866-209-0726, toll-free CAN 855-440-5590.

ABOUT VILLA DEL PALMAR AT THE ISLANDS OF LORETOBaja's First Million Star Resort Villa del Palmar at the Islands of Loreto is a self-contained destination resort on the Sea of Cortez, off the eastern coast of the Baja peninsula overlooking Danzante Island (one of five in the region). It features 181 new, spacious, beautifully appointed one, two and three bedroom villas with balconies, stunning ocean views, mountain views, outstanding restaurants, an attentive English-speaking staff, four swimming pools, beautiful beaches and a mild and warm climate year-round.

Guests can enjoy scuba and snorkeling tours in the protected Marine Park within the five prominent Loreto Islands, horseback riding, swimming, world-class fishing (catch a Dorado and bring it home to have a Villa del Palmar at the Islands of Loreto chef prepare it for you), paddle boarding, kayaking, whale watching and mountain biking. With complimentary shuttle service, guests can explore the historic town at the Islands of Loreto and visit the 1697 mission that made the town famous. The area is also known for its wildlife, including the 900 species of fish off the coast and in an area that has been declared a World Heritage Site. Hotel perks include a spa and fitness center, massages, salsa dance lessons and movie nights for children.

Continued here:

Villa Del Palmar At The Islands Of Loreto Introduces New Once-in-a-Lifetime Whale Watching Package

China to survey disputed E. China Sea islands: Xinhua

AFP January16,2013,12:00amTWN

The announcement came as Japanese fighter jets were scrambled in response to a Chinese state-owned Y-12 plane flying close to but not inside the islands' airspace, according to Tokyo's defense ministry.

Separately, official Chinese media reported that Beijing's armed forces have been instructed this year to train for battle, while a Tokyo official said U.S. and Japanese fighter jets carried out joint air exercises.

This week's tensions come after Japan's hawkish Shinzo Abe won a landslide election victory following campaign promises to re-invigorate Tokyo's security alliance with Washington and take a more robust line against Beijing.

The dispute over the islands, known as Diaoyu in Beijing and Senkaku by Tokyo, which controls them, has simmered on and off for years but intensified in 2012 when Japan nationalized those it did not already own, triggering anger and demonstrations in China.

China has repeatedly sent maritime surveillance ships to the area and carried out naval exercises, and both Tokyo and Beijing have scrambled fighter jets to the area in recent weeks in a further escalation.

Commentators say Beijing wants to prove that Japan does not have effective control over the chain to draw Tokyo into concessions.

The cartographic survey was part of a program to map China's territorial islands and reefs and safeguard its maritime rights and interests, the official Xinhua news agency said, without saying when it would take place.

It did not make clear whether it would involve activities on land or be purely sea-based, but quoted Zhang Huifeng, of China's National Administration of Surveying, Mapping and Geoinformation, acknowledging there could be difficulties.

There are some difficulties in landing on some islands to survey, and in surveying and mapping the surrounding sea area of the islands, because some countries infringed and occupied these islands of China, he said.

Read more here:

China to survey disputed E. China Sea islands: Xinhua

China mulls Diaoyu Islands mapping

Beijing, Jan 15 (IANS) China is to survey the Diaoyu Islands in the East China Sea as part of a programme of mapping its territorial islands and reefs, it was revealed Tuesday.

According to a document issued in a press conference by the National Administration of Surveying, Mapping and Geoinformation, the first stage of the island surveying and mapping was launched in 2009 and has finished the monitoring of islands located within 100 km of the coastline, Xinhua reported.

The second stage will cover islands including the Diaoyu Islands, the document said, adding that this programme is part of China's efforts to safeguard its maritime rights and interests.

China, as of the end of 2012, had completed the identifying and precise positioning of about 6,400 islands and more than 4,900 island maps of three different scales.

The islands are called Diaoyu in China and Senkaku in Japan. The row over the islands, which are presently controlled by Japan, has left ties between Tokyo and Beijing highly tense, BBC reported.

-

Continued here:

China mulls Diaoyu Islands mapping

Latitude19 Technology Brings First Open Internet Payment Gateway to Cayman Islands, Enabling e-Commerce Merchants …

CAYMAN ENTERPRISE CITY, Cayman Islands, Jan. 14, 2013 /PRNewswire/ -- Latitude19 Technology announces the launch of the first open Internet Payment Gateway on the Cayman Islands. Built in partnership with the Level 1 PCI Validated service provider and leading software developer Auric Systems International, Latitude19 Technology offers the e-commerce merchant the flexibility and affordability of processing card-not-present business in a tax-friendly jurisdiction.

The Latitude19 Technology payment gateway ensures data security, performance, scalability, and ease of use by utilizing state-of-the-art hardware and software technology. The merchant will reduce their PCI scope and costs due to the unique tokenization approach, having the flexibility of integration with best-of-breed e-commerce solution.

Processing Internet credit card transactions with Latitude19 Technology will help the merchants meet their international business goals of cost containment, secure processing, and global growth. Latitude19 Technology's payment gateway expertise extends beyond the borders of simply processing e-commerce transactions. Leverage L19's expertise in:

To learn more about Latitude19 Technology's expertise in international Internet payment gateway processing go to: http://www.l19tech.com

"Latitude19 Technology International Internet Payment Gateway leveraged Auric's extensive software development and PCI expertise to design and build the international payment gateway to L19's requirements," stated Auric Systems International CEO Ray Cote.

"Our experience with Auric Software Development was outstanding. I was confident throughout the process that whatever issues would arise Auric would address them and provide us with a solution to those issues. Auric has provided Latitude19 with a platform to grow and adapt to meet the ever-expanding business requirements associated with payment processing," stated Founder/President Tim Moore.

About Latitude19 Technology:

Latitude19 Technology is a Cayman Islands Internet payment gateway solution provider. The merchant will benefit from the "open" payment gateway design in areas of faster credit card transaction processing speed, cardholder security, and investment protection. http://www.l19tech.com

About Auric Systems International: Auric Systems International pioneered card-not-present payment software. Auric software moves billions of dollars for merchants - securely, affordably and elegantly. Payment Processing Simplified

Media Contact Information:

Read the original here:

Latitude19 Technology Brings First Open Internet Payment Gateway to Cayman Islands, Enabling e-Commerce Merchants ...

China to survey islands disputed with Japan

Beijing is to carry out a geographical survey of islands in the East China Sea, state media said on Tuesday, the latest salvo in an increasingly tense dispute with Tokyo over the uninhabited territory.

The announcement came as Japanese fighter jets were scrambled in response to a Chinese state-owned Y-12 plane flying close to -- but not inside -- the islands' airspace, according to Tokyo's defence ministry.

Separately, official Chinese media reported that Beijing's armed forces have been instructed this year to train for battle, while a Tokyo official said US and Japanese fighter jets carried out joint air exercises.

This week's tensions come after Japan's hawkish Shinzo Abe won a landslide election victory following campaign promises to re-invigorate Tokyo's security alliance with Washington and take a more robust line against Beijing.

The dispute over the islands, known as Diaoyu in Beijing and Senkaku by Tokyo, which controls them, has simmered on and off for years but intensified in 2012 when Japan nationalised those it did not already own, triggering anger and demonstrations in China.

The protests were allowed to take place by the Communist authorities in Beijing, who use nationalism to bolster their claims to legitimacy, particularly regarding Japan, which occupied parts of China in the 20th century.

China has repeatedly sent maritime surveillance ships to the area and carried out naval exercises, and both Tokyo and Beijing have scrambled fighter jets to the area in recent weeks in a further escalation.

Commentators say Beijing wants to prove that Japan does not have effective control over the chain to draw Tokyo into concessions.

The cartographic survey was part of a programme to map China's "territorial islands and reefs" and safeguard its "maritime rights and interests", the official Xinhua news agency said, without saying when it would take place.

It did not make clear whether it would involve activities on land or be purely sea-based, but quoted Zhang Huifeng, of China's National Administration of Surveying, Mapping and Geoinformation, acknowledging there could be "difficulties".

View post:

China to survey islands disputed with Japan

Transforming Health Care in the US – Video


Transforming Health Care in the US
Optum and Mayo Clinic today jointly launched Optum Labs, an open, collaborative research and development facility with a singular goal: improving patient care. Based in Cambridge, Mass., Optum Labs provides an environment where the health care industry can come together to combine information and ideas that benefit patients today while also driving long-term improvements in the delivery and quality of care. John Noseworthy, MD, president and chief executive officer of Mayo Clinic discusses the joint venture.

By: mayoclinic

See original here:

Transforming Health Care in the US - Video

Patients' Share of Health Care Costs Is Actually Shrinking

The medical spending pie is growing; but the consumer slice is, unexpectedly, getting smaller.

Consumer-driven medical spending may be the second-biggest story in health care, after the Affordable Care Act. As employers give workers more skin in the game through higher costs from purse and paycheck, the thinking goes, they'll seek more efficient treatment and hold down overall spending.

But consumers may not be as invested as experts thought, new government figures show. Despite rapid growth in high-deductible health plans and rising employee contributions for insurance premiums, consumers' share of national health spending continued to fall in 2011, slipping to its lowest level in decades.

"I'm surprised," says Jonathan Gruber, a health economist at the Massachusetts Institute of Technology. "All the news is about the move to high-deductible health plans. Based on that logic ... I would have expected it to go up."

True, medical costs are still pressuring families. Household health expense has outpaced sluggish income growth in recent years, says Micah Hartman, a statistician with the Department of Health and Human Services, which calculates the spending data.

But from a wider perspective, consumer health costs continued a trend of at least a quarter-century of taking up smaller and smaller parts of the health-spending pie. Household expense did go up. But other medical spending rose faster, especially for the government Medicare and Medicaid programs.

Economists measure three kinds of consumer health costs: insurance premiums paid through payroll deductions or for individual policies; out-of-pocket costs for deductibles and co-pays; and Medicare payroll taxes. Such outlays fell to 27.7 percent of the health care economy in 2011, down from 28 percent in 2010 and from 32 percent in 2000, according to the national health expenditures report issued by HHS last week.

That's despite the fact that one in three workers is covered by a plan with a deductible of at least $1,000 -- up from one in 10 in 2006 --according to the Kaiser Family Foundation. Among small firms, half the workers are now in high-deductible plans.

One factor holding down costs even for families with consumer plans has been patent expirations for expensive, commonly used medicines such as Prevacid and Flomax.

"People these days are spending a lot less out-of-pocket on prescription drugs," said Peter Cunningham, director of quantitative research at the Center for Studying Health System Change. "A lot of that has to do with the shift from brand name to generics."

See the original post:

Patients' Share of Health Care Costs Is Actually Shrinking

New eBook Shines Light on What's Wrong with U.S. Health Care and Offers Ways to Fix It

NEWTOWN, Conn., Jan. 15, 2013 /PRNewswire/ -- To shed light on one of the toughest issues facing the country, fiscally and socially, a new eBook is asking the critical questions about why patients often don't get the right care, why America spends twice as much per person as the next biggest spender, and why the rules that apply to every other industry don't apply to health care? More importantly, "The Incentive Cure: The Real Relief for Health Care," also provides answers to many of the questions around why the U.S. health industry fails and highlights some of the most promising ideas for change.

"It's tough to do right when you're encouraged to do wrong," said Francois de Brantes, eBook author and executive director of the non-profit Health Care Incentives Improvement Institute (HCI3). "We must change the incentives of our health care delivery system those impacting patients, physicians, hospitals, insurers, and policy makers alike. Real and lasting change won't happen until the incentives change and we begin to pay for value instead of volume to encourage physicians to do right; change health insurance benefit designs to encourage patients to do right; make all price and quality information easy to get and act upon in order to create a real health care market; and remove regulatory and legislative barriers that impede payers and providers from innovating."

The Affordable Care Act addresses some of the imbalances of our U.S. health care system (for example, hospitals are starting to be penalized when they have excessive rates of readmission or patient safety failures; and Medicare is starting to experiment with payment models that move away from fee-for-service), however, far more needs to be done far faster. Change needs to come not only by the Administration, but ordinary Americans need to take action.

In addition to helping consumers understand the forces at work (both for us and against us) in the U.S. health care system, the eBook also provides information to help all Americans make smarter decisions about their care:

Co-authored with business writer Bob Conte, and illustrated by artist Kriss Wittmann, the eBook is available in various formats and can be found on the Amazon Book Store, Smashwords, and forthcoming on iTunes.

About the Authors

Francois de Brantes is executive director of the Health Care Incentives Improvement Institute where he leads the organization's efforts to accelerate the transformation of the health care industry into delivering greater value. Francois has been published in a number of journals including the New England Journal of Medicine, Health Affairs, the American Journal of Managed Care, and his work has been featured in articles in The New York Times and the Wall Street Journal. He can be reached at francois.debrantes@hci3.org.

Bob Conte is a business writer, editor, and communications consultant. He works with a broad range of local, national and global clients, and has received many industry awards for his work across the communications spectrum. Bob is also the author of a textbook on American music. He can be reached at bob@bobconte.com.

Available Topic Expert: For information on the listed expert, click appropriate link.

Francois de Brantes

Excerpt from:

New eBook Shines Light on What's Wrong with U.S. Health Care and Offers Ways to Fix It