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                    Tuesday, 26 July, 2011                   Sunday To Thursday
                                                                                                                                                                                                      English 28
                                                 Economy                                                                                                                 Medicine

 Tension mounts as US seeks                                                                                                                                  Drug Prices to
                                                                                                                                                          Plummet in Wave of
      to avert default                                                                                                                                      Expiring Patents
    (AFP) - The White House                                                                                             fault," Boehner said on a
and top lawmakers have                                                                                                  conference call with his
struggled for a deal to save                                                                                            restive majority, warning                                                                  Amy
the world's richest country                                                                                             that Republicans may have
from a disastrous default on                                                                                            to make "sacrifices" in any                                                                Winehouse
its debt, amid fears of a pan-                                                                                          final compromise to en-                                                                    @TMZ: Amy Winehouse
icked reaction from inves-                                                                                              sure passage in the House                                                                  Death -- ‘UNEXPLAINED’
tors around the globe.                                                                                                  and Senate.                                                                      
    With global financial                                                                                                  Washington hit its debt
markets on edge, Presi-                                                                                                 ceiling on May 16 but has
dent Barack Obama met                                                                                                   used spending and account-
at the White House with                                                                                                 ing adjustments, as well as
Democratic Senate Major-                                                                                                higher-than-expected tax re-
ity Leader Harry Reid and                                                                                               ceipts, to continue operating
Democratic House Minor-                                                                                                 normally but can only do
ity Leader Nancy Pelosi to                                                                                              so another nine days.
map their way forward in                                                                                                   Finance and business            AP -- The cost of prescription medicines used by mil-
the standoff.                                                                                                           leaders have warned fail-       lions of people every day is about to plummet.
    Reid said there was no                                                                                              ure to raise the US debt           The next 14 months will bring generic versions
progress with Republicans         Obama in talks with House Speaker John Boehner                                        ceiling by then would send      of seven of the world’s 20 best-selling drugs, in-         Jennifer
because of the rival party's                                                                                            shockwaves through the frag-    cluding the top two: cholesterol fighter Lipitor
"continued insistence on a                                 on condition of anonym-       raise through the end of       ile world economy, while        and blood thinner Plavix.                                  Aniston
short-term raise of the debt                               ity, would also achieve       2012."                         Obama has predicted a de-          The magnitude of this wave of expiring drugs            @NowMag: Jennifer Aniston
ceiling."                                                  Obama's goal of avoiding         Earlier, House Speak-       fault would trigger econom-     patents is unprecedented.                                  to become a mum: Hollywood
    He said Democrats were                                 another politically painful   er John Boehner privately      ic "Armageddon."                   Between now and 2016, blockbusters with about           actress Jennifer Aniston is hap-
working on a measure to                                    vote on the issue before he   urged fellow Republicans          All sides agree cash-        $255 billion in global annual sales are set to go          py to do it on her own http://
raise the $14.3 trillion US                                faces reelection in Novem-    to unite behind a new plan     strapped Washington must        off patent.                                      
debt ceiling, allowing Wash-                               ber 2012.                     to impose steep spending       close its yawning budget           Generic competition will decimate sales of the
ington to pay its bills past                                  Reid said the plan would   cuts as the price for rais-    deficit but disagree on the     brand-name drugs and slash the cost to patients
an August 2 deadline, while                                include no new revenue or     ing the US debt limit and      size and blend of spending      and companies that provide health benefits.
cutting $2.7 trillion in spend-                            tax measures and "it will     promised to have more de-      cuts and revenue increas-          Top drugs getting generic competition by Sep-
ing over 10 years.                                         include enough spending       tails Monday, two sourc-       es as well as on how and        tember 2012 are taken by millions every day: Lip-
    The strategy, detailed                                 cuts to meet or exceed the    es said.                       whether to slice into the       itor alone is taken by about 4.3 million Americans
by a Democratic official                                   amount of a debt ceiling         "No one is willing to de-   social safety net.              and Plavix by 1.4 million.
                                                                                                                                                           Generic versions of big-selling drugs for blood
                                                                                                                                                        pressure, asthma, diabetes, depression, high trig-
                                                                                                                                                        lycerides, HIV and bipolar disorder also are com-
                                             Entertainment                                                                                              ing by then.
                                                                                                                                                           The flood of generics will continue for the next        Nani
                                                                                                                                                        decade or so, as about 120 brand-name prescrip-            @FIFAcom: Nani has said he
                                                                                                                                                        tion drugs lose market exclusivity.                        is willing to fight for his first
                                                                                                                                                           Doctors hope the lower prices will significant-         team place at Man Utd fol-
                                                                                                                                                        ly reduce the number of people jeopardizing their          lowing the purchase of Ashley
                                                                                                                                                        health because they can’t afford medicines they            Young -
                                                                                                                                                           Generic medicines are chemically equivalent
                                                                                                                                                        to the original brand-name drugs and work just
                                                                                                                                                        as well for nearly all patients.
                                                                                                                                                           When a drug loses patent protection, often
                                                                                                                                                        only one generic version is on sale for the first six
                                                                                                                                                        months, so the price falls a little bit initially.
                                                                                                                                                           Then, several other generic makers typically
                                                                                                                                                        jump in, driving prices down dramatically.
                                                                                                                                                           Last year, the average generic prescription cost
                                                                                                                                                        $72, versus $198 for the average brand-name
                                                                                                                                                        drug.                                                      The Beckhams
                                                                                                                                                                                                                   @areyouentwise: The Beck-
                                                                                                                                                                                                                   hams give baby gifts to char-
                                                                                                                                                                                                                   ity shops... http://tinyurl.
                                                                                                                                                                            Energy                                 com/4xpjwbu

                                                                                                                                                        Japan to test-drill for
                                                                                                                                                        seabed 'burning ice'

   Colombian pop star Shakira performs during her concert as part of "The Sun Comes Out World Tour" in Pueb-
   la, Mexico.                                                                                  (REUTERS)                                                                                                          The Earth &
                                                                                                                                                                                                                   The Sun
                                                                                                                                                                                                                   @OMGFacts: Depending on
                                              International                                                                                                                                                        the time of year, the Earth’s
                                                                                                                                                                                                                   distance from the Sun can vary

                         Brutal attack tests
                                                                                                                                                                                                                   more than 3 million miles.

                         Norwegian society                                                                                                                  (AFP) - Japan will seek to extract natural gas
                                                                                                                                                        from seabed deposits of methane hydrate, also
                                                                                                                                                        known as "burning ice", in the world's first such
   (Reuters) - Before Fri-                                                               and a Norway where we          der is front-page news,         offshore experiment
day's deadly attacks by                                                                  take care of each other,"      the shock from the scale           The test is scheduled for a stretch of ocean
a Norwegian on a self-                                                                   Stoltenberg said.              of the violence would           southwest of Tokyo, between Shizuoka and Wa-
styled mission to save                                                                      Breivik, who ad-            drown out any message           kayama prefectures, over several weeks in the
European "Christendom"                                                                   mitted to the shooting         on immigration Breivik          fiscal year to March 2013. , the Nikkei financial
from Islam, it was not                                                                   spree and bomb blast,          was seeking to make, said       daily said.                                                Franck
uncommon to see Prime                                                                    has said through his law-      Matlary.                           The Ministry of Economy, Trade and Industry
Minister Jens Stoltenberg                                                                yer that his actions aimed        The biggest massa-           is preparing to request more than 10 billion yen           Ribery
taking public transport to                                                               to "change Norwegian           cre on Norwegian soil           ($127.5 million) for the project, the report said.
work and senior ministers                                                                society" which he saw          since World War Two also           The government will support further research            @FIFAcom: Franck Ribery has
walking in Oslo without                                                                  as being undermined by         prompted soul-searching         and aims for commercial drilling to start early in         been injured in training with
bodyguards.                                                                              multi-culturalism.             among Norwegians, who           the next decade, the newspaper said.                       Bayern Munich, being stretch-
   Such openness could                                                                      Analysts say the scale      initially feared the attacks       Methane hydrates are found in environments              ered off with an injured ankle -
now be at an end after                                                                   and brutality of the at-       may have been the work          with high pressure and low temperatures such     
Anders Behring Breivik's                                                                 tacks shattered Norway's       of Islamic militants.           as the ocean floors, often near continental fault-
devastating car bomb at-                                   ious than before," said       self-image as a peaceful          "It's a double shock,"       lines, where the gas crystallises on contact with
tack on the prime minis-                                   Thomas Hylland Eriks-         nation focused on me-          Marit Saxeide, 68, who          cold sea water.
ter's offices and the slaying                              en, a social anthropolo-      diation efforts across         runs a small shop in an            The offshore experiment, if successful, would
of young activists from                                    gist from the University      the globe and the No-          immigrant district of Oslo.     be the world's first, the Nikkei said. Methane was
the ruling Labour party                                    of Oslo.                      bel Peace Prize.               "Ninety-nine percent of         previously extracted from methane hydrate on
trapped on an island.                                          Stoltenberg said on          "In terms of cruelty and    Norwegians immediate-           land in Canada in 2008 using technology devel-
   The attacks, in which                                   Sunday that Norway            evil, this compares to Be-     ly believed this was a          oped in Japan.
at least 93 people were                                    would "keep going" but        slan -- and that is the most   Muslim terror attack.              Japan has been looking to diversify its energy
killed, will also affect                                   that there would be a def-    chilling fact for Norwe-       When it turned out not          resources since the powerful March 11 earthquake
Norway's debate on im-                                     inite break between the       gians," she said, referring    to be, that was the sec-        and tsunami triggered the world's worst nucle-
migration but are unlike-                                  country before and after      to the 2004 school mas-        ond shock."                     ar accident in 25 years at the Fukushima Daiichi           Cheryl Cole
ly to close the shutters                                   the attacks.                  sacre in southern Russia          The number of immi-          plant northeast of Tokyo.
of one of Europe's most                                        "But I am quite sure      by Chechen militants in        grants in Norway nearly            Resource-poor Japan relies heavily on energy            @areyouentwise: Cher-
open societies.                                            that you will also recog-     which nearly 200 chil-         tripled between 1995 and        imports from the Middle East and until recently            yl Cole ends Ashley relation-
   "We will have a society                                 nize Norway afterwards        dren were killed.              2010 to almost half a mil-      met one third of its electricity needs with nucle-         ship, rekindles Simon Cow-
based on less trust ... we                                 -- it will be an open Nor-       In a low-crime coun-        lion out of an overall pop-     ar power, but now plans also to boost renewables           ell friendship... http://tinyurl.
will be a bit more anx-                                    way, a democratic Norway      try where a single mur-        ulation of 4.8 million.         such as solar and wind power.                              com/3b3bans

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