Friday, January 13, 2012

J.Lo open to returning to 'In Living Color'

Jennifer Lopez would be open to helping her former ?In Living Color? boss, Keenen Ivory Wayans, with the upcoming return of the sketch comedy, set to happen on FOX this spring.

?It?s what?? Jennifer said, when AccessHollywood.com asked her if she?d want to be a part of the show, which returns with an updated version of the sketch comedy, in two half-hour specials in Spring 2012.

VIEW THE PHOTOS: Stars Of ?In Living Color? Then? And Now

?Oh my God, I didn?t even know! That?s awesome,? she told Access on Sunday after the Television Critics Association Winter Session panel for ?American Idol? of ?In Living Color? being revived.

?I haven?t heard from [Keenen], but if he called me and wanted me to do something, that would be awesome,? Jennifer said.

VIEW THE PHOTOS: ?American Idol? Season 10 Grand Finale

Jennifer said she?s remained grateful to Keenen for giving her such a great start and encouragement in her younger days when she was a Fly Girl.

?I owe Keenen a lot. From the beginning of my career, he always believed in me, he always was constantly putting in my brain, ?You?re gonna be a star, you?re gonna be a star, do you know that?? And he was a mentor to me so I wish him the best with that,? she added.

As previously reported on AccessHollywood.com, original creator and executive producer Keenen will host the new episodes.

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The specials will feature young talent, musical performances and special guests.

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?In Living Color? originally aired between 1990 - 1994 on FOX.

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Source: http://today.msnbc.msn.com/id/45922176/ns/today-entertainment/

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Nationwide strike begins in Nigeria over gas costs (AP)

LAGOS, Nigeria ? A national strike paralyzed much of Nigeria on Monday, with more than 10,000 demonstrators swarming its commercial capital to protest soaring fuel prices and decades of government corruption in the oil-rich country.

Some protesters pulled metal barriers into the street, while others took gasoline from motorbikes to set tires ablaze. Others waved placards bearing an effigy of President Goodluck Jonathan with devil horns and fanged teeth, and showing him pumping fuel at a gas station.

"Our leaders are not concerned about Nigerians. They are concerned about themselves," said protester Joseph Adekolu, a 42-year-old accountant.

Police carrying Kalashnikov rifles and gas masks largely stood by as the demonstrators marched on the first day of an indefinite strike called by labor unions. Protesters also took to the streets in Nigeria's capital of Abuja.

Gas prices have risen from $1.70 per gallon (45 cents per liter) to at least $3.50 per gallon (94 cents per liter) since a government fuel subsidy ended on Jan. 1 at the orders of Jonathan's administration. That spurred a spike in prices for food and transportation across a nation of more than 160 million people, most of whom live on less than $2 a day.

While lawmakers on Sunday rebuked the president's decision, the unions said they would continue their strike.

Bola Adejobi, 53, said she's protesting against more than just fuel costs. For her and many others in Africa's most populous country, the strike represents anger that much of the nation remains without electricity and clean drinking water after more than 50 years of oil production.

"It is high time to take Nigeria into our hands," Adejobi said. "It happened in Egypt. It happened in Libya."

Nigeria's finance minister said the country has been using borrowed funds to maintain the subsidy.

"Greece got where it is now because for years, they didn't do the right thing. They kept borrowing and borrowing to finance development," Ngozi Okonjo-Iweala told local television station Channels TV on Monday. "We can't keep borrowing to finance our development."

Two major unions have said they will maintain the strike despite a court restraining order. A similar situation occurred in 2003, when strikers over eight days attacked shops that remained open, took over air traffic control towers and caused a drop in oil production in a country vital to U.S. energy supplies.

Organizers have called for peaceful protests, but gang members already began stoning vehicles and harassing motorists in Lagos. Some riot police stood on hand at the demonstration site Monday. They quickly became outnumbered by protesters.

The strikes comes as activists have begun a loose-knit group of protests called "Occupy Nigeria," inspired by those near Wall Street in New York. Their anger extends to the government's weak response to ongoing violence in Nigeria by a radical Muslim sect that, according to an Associated Press count, killed at least 510 people last year.

Famous Nigerian authors, including Chinua Achebe, issued a statement Monday saying they support the strike, and warning that if left unattended the violence by the extremist group could sweep the country.

"The country's leadership should not view the incessant attacks as mere temporary misfortune with which the citizenry must learn to live; they are precursors to events that could destabilize the entire country," their statement read.

The government has so fair failed to calm public anger over the spiraling gasoline costs. The government has promised that the $8 billion in estimated savings a year from the end of the fuel subsidies would go toward badly needed road and public projects.

One protester in Lagos held his protest sign upside down.

"Our life is already turned upside down," he told a reporter. "It is not how it's supposed to be."

Demonstrators burned a patrol car and a private car parked next to it in the northern city of Kano, filling the sky with billows of smoke as thousands protested below. Some in Nigeria's second-largest city are asking for the government to restore the subsidy. Others want Jonathan to resign. "He cannot rule this country," a placard read.

Some protesters also brought down a fence to the seat of the state of government in Kano where security officers used tear gas and fired at the crowd to keep them from entering the premises.

Eighteen people were wounded in the shootings and stampede that followed, said Dr. Kabiru Abdulsalam, spokesman for the Nigerian Medical Association of Kano.

___

Associated Press writers Ibrahim Garba in Kano, Lekan Oyekanmi in Abuja and Yinka Ibukun in Lagos, Nigeria contributed to this report.

___

Jon Gambrell can be reached at http://www.twitter.com/jongambrellAP.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120109/ap_on_bi_ge/af_nigeria_fuel_subsidy

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Thursday, January 12, 2012

Lipitor sales level off after arrival of generics

(AP) ? Sales of Lipitor, the top-selling drug in history, have leveled off after a steep plunge following the start of U.S. generic competition.

New figures from data firm IMS Health show that at the end of December, sales of Pfizer Inc.'s Lipitor were at just above a 37 percent market share.

Two new generic versions of the cholesterol-lowering drug came on the market at the beginning of December, and in the first full week of the month they had siphoned off a combined 59 percent of sales. By the last week of December, atorvastatin pills from Ranbaxy Laboratories Ltd. and the authorized generic from Watson Pharmaceuticals Inc. ? manufactured by Pfizer and marketed by Watson ? only picked up another 4 percent between them.

That's because Pfizer is fighting hard to retain branded Lipitor sales, with big discounts to patients and insurers.

Lipitor lost U.S. patent protection on Nov. 30.

Pfizer, the world's largest drugmaker, has been offering patients discount cards that give them a $4 copayment ? less than the copay for all but the most popular generics ? if they keep taking Lipitor rather than defecting to a cheaper generic version.

New York-based Pfizer also has been giving insurance plans that agree to only cover brand-name Lipitor for the time being the difference between what they had been paying for the brand and what they would pay for cheaper generics.

Until recently, Pfizer has been heavily advertising the copay program, called "Lipitor For You," and is still running some ads. Usually drugmakers end all advertising of brands well before the first generic competition arrives.

But with Lipitor generating about $7.9 billion in annual sales in the U.S. and nearly $11 billion worldwide ?about 16 percent of Pfizer's annual revenue ? the company elected to pull out all the stops to hang onto sales for as long as possible.

The unprecedented strategy, closely watched because most other big drugmakers have their own blockbusters facing generic competition in the next couple of years, appears to be paying off. Normally, sales of a brand name drug continue to fall over the weeks and months after the start of generic competition.

"It's been pretty stable after the first few weeks," Michael Kleinrock, research director at the IMS Institute for Healthcare Informatics, told The Associated Press. "Normally you see a free fall."

"It's still early days," he added.

Because the arrival of generics brought a chance for health insurers, plan sponsors and patients to save significant money, insurers had prepared long ago to automatically switch all their patients on Lipitor to generics. Pfizer's strategy upended that.

IMS data show that U.S. patients were filling about 865,000 Lipitor prescriptions a week in November. That plunged by more than 55 percent, to about 397,000 prescriptions, in the first full week of December. But in the last three weeks of December, patients were filling about 350,000 brand-name Lipitor prescriptions a week. The number was down a bit for the week ended Dec. 30 because patient visits to doctors, and prescription sales as well, dropped during that holiday week.

Of the two generic versions, Ranbaxy's has grabbed greater market share, about 35 percent of atorvastatin prescriptions to Watson's 27 percent and Pfizer's 37 percent.

Ranbaxy spokesman Chuck Caprariello said the company is "delighted that we are able to market atorvastatin and we anticipate increased market share over time."

Ranbaxy, India's largest maker of generic drugs, did not get permission from the Food and Drug Administration to sell its generic until the night of Nov. 30. That was because long-standing manufacturing issues at some Ranbaxy factories led the FDA to block shipments of many Ranbaxy drugs to the U.S. Ranbaxy, which has been working to resolve those issues, got FDA permission to make its atorvastatin at a New Brunswick, N.J., factory.

Watson spokesman Charlie Mayr said IMS data doesn't capture all sales, and he believes his company is splitting the generic sales fairly evenly with Ranbaxy. Watson is based in Parsippany, N.J.

Pfizer spokesman MacKay Jimeson wrote in an email response to questions that "Lipitor continues to meet our expectations.

"Enrollment in the Lipitor For You program has been in line with our expectations, as we expect the majority of patients will be automatically switched to a generic," he wrote. "Our goals are to support patient choice."

Mayr said his company expected that "Pfizer's very aggressive strategy would retain about 40 percent of the overall market. The fact that it's below 40 demonstrates that they haven't been quite as successful as we had anticipated."

Sanford Bernstein analyst Dr. Tim Anderson has estimated that for a 90-day supply of Lipitor, even after paying the rebates to insurers and patients, Pfizer still can make a profit of roughly $100, compared with about $225 before generic competition.

That math all changes come this June, when additional generic companies will be allowed to enter the market. The increased competition will send prices for atorvastatin plunging, to as little as 25 percent of the original Lipitor price, about $115 to $160 per month, depending on dosage. It's unlikely that Pfizer would then be able to offer discounts big enough to still make a profit.

"This will be an all-generic market" at that point, Mayr predicted.

Kleinrock, of IMS, said that having a brand-name company competing with generics, as Pfizer is doing now, should push down prices for all the versions.

"It's clear that every company's watching to see if this works," he said, because up till now brand-name drugmakers have accepted rapid loss of sales of their blockbusters as inevitable.

"This could have repercussions," he said, if other brand-name companies decide to follow suit.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-12-US-Lipitor-Sales/id-14bea9e48c3f4141b2ea7acabfea746f

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SEC wants banks to say more on European debt exposure (Reuters)

Jan 9 (Reuters) ? The Securities and Exchange Commission has urged banks to publish more details about their exposure to European sovereign debt, a factor in the recent bankruptcy of the futures brokerage MF Global Holdings Ltd (MFGLQ.PK).

In guidance issued on Friday, the regulator's Division of Corporation Finance said disclosures by publicly-traded financial institutions have been "inconsistent in both substance and presentation."

It said this could make it harder for investors to discern how much risk the banks are taking, both individually and relative to each other, and how the exposures will affect operating results or financial health.

The SEC urged that banks reveal direct and indirect exposures "separately by country, segregated between sovereign and non-sovereign exposures."

It said they should also provide more details on hedging, through such instruments as credit default swaps, and sums they might need to raise if forced to close out their positions.

"In determining which countries are covered by this guidance, registrants should focus on those experiencing significant economic, fiscal and/or political strains such that the likelihood of default would be higher than would be anticipated when such factors do not exist," the SEC said.

The non-binding guidance was issued about two months after MF Global filed for bankruptcy protection, amid a liquidity crunch spurred by investor and customer worries about its $6.3 billion bet on sovereign debt from Belgium, Ireland, Italy, Portugal and Spain.

MF Global had revealed that exposure in the prior week.

Worries about European debt exposure have also weighed on the stocks of Morgan Stanley (MS.N) and the investment bank Jefferies Group Inc (JEF.N).

The SEC is trying to learn more about some of the more opaque means that banks use to reduce the risk of credit losses, including derivatives and off-balance-sheet financings. This could reduce the threat of further liquidity shortfalls.

An SEC spokesman declined to comment.

Another regulator, the Financial Industry Regulatory Authority, has stepped up oversight of leverage at brokerages after concluding that MF Global had not been fully candid in disclosing its European debt exposure as little as one month prior to the bankruptcy.

Jon Corzine, a former New Jersey governor, stepped down as MF Global's chief executive on November 4, four days after the New York-based company's bankruptcy filing. (Reporting by Jonathan Stempel in New York; Additional reporting by Carrick Mollenkamp in New York and Sarah N. Lynch in Washington, D.C.; editing by Carol Bishopric)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20120110/bs_nm/us_sec_banks_europeandebt

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Viewpoint: What Young Asians Expect for the Future (Time.com)

What will Asia look like in 2020? If young Asians have their way, governments and companies will be more transparent and accountable; more children will go to school as part of a wide-ranging poverty-reduction effort; air and water will be cleaner; and the region will have started to knit itself together more cohesively, both economically and politically.

These, at least, are the hopes of essayists in Through the Eyes of Tiger Cubs: Views of Asia's Next Generation. The book uses essays from the Asia's Challenge 2020 contest sponsored by TIME, the Asia Business Council and the Lee Kuan Yew School of Public Policy at the National University of Singapore. In the contest, Asians born since 1978 were asked to single out the biggest problem facing Asia over the next decade. (See the winners of Asia's Challenge 2020 essay competition.)

Expectations are high from this rising generation. Singapore's Poh Wei Long warns that "attitudes toward work and life may be antithetical" to their parents', and they "are not keeping mum about it, at least in the blogosphere." In short, Asian living standards are rising, but expectations are shooting up even faster.

We call them "tiger cubs," these nearly 1.5 billion young Asians on the prowl for new opportunities. Their performance on standardized math and science tests is world-class. Yet they complain their education isn't preparing them for the knowledge-intensive jobs of tomorrow. They want both better access to education and higher-quality education. They expect governments and corporations to do more to solve poverty, inequality, and energy and environmental problems. Whether it's the latest iPad or delivery of basics like elementary-school education, they know what the global standard is and they don't want to hear excuses as to why it's not possible in their country.

Look at the tiger cubs' attitudes toward education, a key building block for Asia's economic success. India's Ashwin Menon, in a comment that echoes many complaints about Asia's schools, frets that "the current system in most nations involves rote recitation and does not, in any way, encourage creative thinking."

Governments and companies are often too proud of their successes to notice the revolution in expectations. Hong Kong's establishment has been blindsided by a series of demonstrations against everything from a new high-speed train line to the demolition of the old Star Ferry terminal. Few would have imagined that Indonesians would be among the world's largest Facebook users or that aggrieved citizens there would use social media to fight corporate misbehavior. In Singapore and Malaysia, bloggers and netizens have made politics-as-usual unthinkable -- as seen in last year's Singapore elections, in which the ruling party's share slumped, and in websites like malaysiakini.com, which rallies opposition forces in Malaysia. Even China's Great Firewall couldn't stop supporters of Ai Weiwei from donating money to help the activist-artist. (See the new activism of Japan's youth.)

The technology is important. But ultimately it's not the medium, it's the message. And the message is that with the basics of national sovereignty and economic essentials stronger than ever, the soft elements, institutions and values need more attention. "Without good governance, all policies, plans, or solutions are redundant," writes India's Rohit Pathak. "The biggest hurdle in the way of good governance is corruption, as it is, undoubtedly, the direct and indirect cause of almost the entire spectrum of our problems such as poverty, terrorism, illiteracy, poor infrastructure, and others."

Previous generations grew up in a continent defined by poverty and struggle, often made worse by war and revolution. The tiger cubs' grandparents struggled for survival during a global depression and World War II, then watched as Asian nations painfully broke free of colonialism. The tiger cubs' parents kept their heads down and were happy to have jobs as parts of Asia started growing at rates the world had never before seen. Japan boomed first, followed by the four Asian tigers of Hong Kong, Singapore, South Korea and Taiwan. Then China, India, and Indonesia joined in. The result: a historically unprecedented number of people pulling themselves out of poverty.

Young Asians today have grown up at a time of Asia Rising. In every dimension, it matches the American social revolution of the 1960s, so gorgeously portrayed in the TV drama Mad Men. Like that great transformation, Asia Rising marks an end to deprivation, armed conflicts and violent ideological clashes, and the beginning of seemingly infinite choice and possibility. Today's young Asians can tap, via the Internet, into a global forum that was unimaginable when they were born. They can go to school in much greater numbers and, once there, study for more years than their parents did. They can aspire to jobs in fields like biotech, IT and financial derivatives that literally did not exist a generation ago.

Above all, they know that they are living in the world's most dynamic continent. Their elders celebrate success, but the tiger cubs are impatient with continuing failures. "While the whole world has been fixated over the promising economic indicators and the growth potential of the region, the curse of weak political systems has been consistently ignored," writes Pakistan's Omar Randhawa. (Read "The Evolution of Asia.")

Their elders have given them many names, mostly pejorative: Japan calls them the "herbivore generation" in contrast to the workaholic salarymen who preceded them, and those still living at home are parasito shinguru ("parasite singles"). Taiwan dubs them the "strawberry generation," because they bruise easily. In China they are the "little emperors," and in India they are "in a hurry."

This condescension is misplaced. Sure, expectations are high. The tiger cubs want good jobs, not just any job. They expect companies and governments to be accountable. Whether it's treating a customer badly or gross abuse of state power, the always-on generation will make its voice heard -- on Facebook, Twitter, YouTube or on the streets. Sure, Asia won't be the same. It will be even better thanks to the tiger cubs' demands for transparency.

Clifford is executive director of the Hong Kong?based Asia Business Council and co-author of Through the Eyes of Tiger Cubs: Views of Asia's Next Generation.

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Tuesday, January 10, 2012

USDA Office Closures Raise Safety Concerns

DES MOINES, Iowa -- The U.S. Agriculture Department announced Monday it will close nearly 260 offices nationwide, a move that won praise for cutting costs but raised concerns about the possible effect on food safety.

Agriculture Secretary Tom Vilsack said the goal was to save $150 million a year in the agency's $145 billion budget. About $90 million had already been saved by reducing travel and supplies, and the closures were expected to save another $60 million, he said.

The plan calls for 259 offices, labs and other facilities to be closed, affecting the USDA headquarters in Washington and operations in 46 states. Seven foreign offices also will be shut.

Some of the closures had been previously announced. The USDA said last year it would shut down 10 agricultural research stations, including the only one in Alaska, where scientists were seeking ways to use the vast waste generated by the largest wild fishery in the nation to make everything from gel caps for pills to fish meal for livestock feed.

Other parts of the announcement were a surprise. Andrew Lorenz, deputy district manager for the Food Safety and Inspection Service in Minneapolis, learned his office would be closed, along with those in Madison, Wis., and Lawrence, Kan.

"They wiped out the entire Midwest," said Lorenz, whose office handles all federal inspections of meat, poultry and egg products in Minnesota, Montana, the Dakotas and Wyoming.

FSIS offices in Chicago and Des Moines will remain open. It was not immediately clear whether work from the other offices would be shifted to them.

Lorenz said about 16 people work in his office, and he expected 12 to 14 of their jobs to be eliminated. A USDA spokeswoman said employees would be given the opportunity to transfer to other offices whenever possible.

Elisabeth Hagen, undersecretary for food safety, said the closures would affect management and support staff as FSIS offices are consolidated from 15 to 10, but that there wouldn't be a reduction in inspectors or inspection work.

"There will be no reduction in inspection presence at slaughter and processing facilities and no risk for consumers," Hagen said.

"Not only do we have a statutory obligation to be in every facility, we have an unwavering commitment to food safety," she added. "We will still be on the job, in every facility, every day."

Vilsack said he didn't anticipate widespread layoffs, in part because 7,000 USDA employees took early retirements over the past year. He said the agency is trying to do more with less in light of federal cutbacks, and many of the offices to be closed had few employees or were near other offices.

"Our workload is at record highs, we have less money and fewer people and work to do and we tried to address how do you do that without interrupting service," Vilsack said in a phone call from Honolulu, where he was speaking to the American Farm Bureau Federation.

The USDA manages a wide array of programs, from emergency aid for farmers to grants for rural development and food assistance programs for the poor. Along with the Agricultural Research and Food Safety and Inspection services, six other departments will be affected by closures, including the Farm Service Agency and Rural Development.

Kevin Ross, 31, a sixth-generation farmer in Iowa, expressed concern about how services would be affected. Farmers could drop out of programs if they have to travel long distances, he said.

"Access to agencies is a big deal, especially in rural areas," said Ross, who grows 400 acres of corn on his farm near Minden. "It's easy to say it looks like great cost savings, but I hope they are careful and strategic in their decisions."

Vilsack said public hearings will be held in counties where Farm Service Agency offices are to be closed. That department handles disaster assistance, farm loans and crop subsidies, among other programs. The USDA plans to shut 131 FSA offices in 32 states, with largest number of closures in Arkansas, Tennessee and Texas.

Bruce Babcock, a farm economist at Iowa State University and director of the school's Center for Agricultural and Rural Development, said consolidation was a long time coming, given that advances in technology made it possible to file applications and do other tasks over the phone or online. He said he's more concerned about the USDA's ability to maintain programs that deal with disease prevention.

"The capability to collect data and do the behind the scenes activities that really help U.S. agriculture stay safe, that should be concerning," Babcock said.

Colin Woodall, a spokesman for the National Cattlemen's Beef Association, which represents more than 147,000 ranchers nationwide, applauded the USDA for trying to save taxpayers' money in tight economic times but also expressed concern about food safety.

"We can't say this is all great news because some offices will be closed," he said. "We have to make sure we have the process in place to keep food safe."

Vilsack said the closures and other cost-cutting measures will allow the agency to keep investing in programs that make agriculture more productive, including maintaining credit to farmers, providing aid to beginning farmers and scientific research.

"Over the long haul, we believe farmers and ranchers across the country will be better served by the choices we made," he said.

But that was of little consolation to California cotton growers mourning the loss of the 80-year-old agriculture research station at Shafter, which solved many of the industry's pest and fungus issues.

Calcot, a growers' co-op that sells more than a million bales annually, had lobbied officials to keep the center, which lately has been working to address fusarium wilt, a soil-dwelling fungus that attacks cotton plants.

"This is going to be to the detriment of the U.S. cotton industry and ultimately the world because so much research there has benefited growers everywhere," Calcot spokesman Mark Bagby said.

___

Associated Press writers Tracie Cone in Fresno, Calif.; Doug Glass in Minneapolis; Dan Joling in Anchorage, Alaska; and Justin Juozapavicius in Tulsa, Okla., contributed to this report.

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Source: http://www.huffingtonpost.com/2012/01/10/usda-office-closures_n_1195876.html

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