Tuesday, 26 July, 2011 Sunday To Thursday
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. http://bit.ly/r7xqVN
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. bit.ly/q25M5C
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 - http://d3w.io/q11c3Y
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.
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 &
@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 http://d3w.io/ocl7fd
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