Daily Archives: April 18, 2012

Warren Buffett Diagnosed With Prostate Cancer

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The chairman and CEO of Berkshire Hathaway for 50 years, Warren Buffett, announced to shareholders that he has been diagnosed with early stage prostate cancer.

Buffett plans to continue to run Berkshire throughout his treatments, and says he “feels great.” His condition is treatable, and he will begin radiation treatments in July.

The outlook for Buffett is good, according to the American Cancer Society. The survival rate for Buffett’s type of cancer, a stage 1 tumor, is 100%. Overall, the survival rate for all stages of prostate cancer is 91%.

Despite the positive outlook, Berkshire’s board picked a successor to Buffett in February, along with two backup candidates if needed. The new CEO has not yet been identified.

To read more about Buffett’s diagnosis, click here.

Obama Publicly Discloses Tax Returns, Asks to Pay More

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In an effort to get across his ideology on the national tax system, President Obama released his 2011 federal tax returns late last week. In the published documents, it is shown that the Obamas paid 20.5% in taxes on a total income of $789,674. 

In such light, Obama continues to advocate for higher taxation policies for the wealthiest Americans. He is also persistent in doing away with laws that have allowed millionaires to pay lower taxes. Such include laws President George W. Bush implemented that limited taxes on capital gains and investment retuns to 15%.

Obama further cited Warren Buffet’s statement that he paid lower rate taxes than his secretary. The President has thus proposed the “Buffett Rule”, which would require families earning $2 million to pay 30% in taxes.

Republicans have countered this by stating that such a law would not have applied to Obama this year. Also, they reasoned that individuals like Obama could “pay extra tax voluntarily”.

In the meantime, representatives from the Obama campaign have publicly scrutinized Romney for not having disclosed his federal tax returns yet. However, a spokesperson for the presumptive Republican presidential nominee assured he will do so “prior to the election”.

Geithner Criticizes Romney’s Claims on Women and Job Losses

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Treasury Secretary Timothy Geithner has fought back claims by Romney that women were more severely affected by job losses during the recession. Geithner has recognized this as an attempt on Romney’s part to draw in more female voters.

During a speech earlier this week, Romney cited that 92.3% of all jobs lost during the Obama administration belonged to women. The Treasury Secretary struck back by stating, that during the early recession, job losses were greater for men. This pertains to the time period when the manufacturing and construction industries were first dealt blows by the increasingly failing economy.

Many argue that Republicans are trying to pin the idea of a “war on women” on Democrats. According to the Republican Party, Democrats are implementing economic policies that are not beneficial for women.

Andrea Saul, a spokesperson for Romney, stated that women filled only one eighth of the jobs created during Obama’s administration. She further said, “The president should stop making excuses for his failures; he is entitled to his own spin but not his own facts.”

During an interview with George Stephanopoulos, Geithner dismissed other parties’ actions by quoting Mario Cuomo (former New York Governor), “You’re going to see a lot of politicians choose to campaign in fiction, but we have to govern in fact.”

Study Findings Connect Worrying to Higher IQ

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A study published in Frontiers in Evolutionary Neuroscience has shown a possible connection between worrying and intelligence. Jeremy Coplan, Psychiatrist Professor of SUNY Downstate Medical Centre, along with his colleagues, observed the brain activity of twenty-six patients suffering from generalized anxiety disorder (GAD). Eighteen healthy volunteers served as the control group.

High IQ was found to be associated with a greater degree of worry in the GAD group. In both groups, IQ and worry were significantly correlated. However, in the healthy control group, the correlation was negative, while in the GAD group it was positive.

Studies conducted in the past have shown that excessive worry is more characteristic of people with both higher and lower intelligence rather than those of moderate intelligence. It has also been suggested that worrying can mitigate the effects of depression.

Reported Increase in Disciplinary Incidents for NHL Playoffs

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The recent six years have seen an increase in “elbows, head slams, suspensions, fighting, and penalty minutes” for the NHL playoffs. According to Elias Sports Bureau, there were 724 penalty minutes in the first 19 games. NBC analyst Pierce McGuire claims this is an indication of “how close the series are”.

The Philadelphia Flyers and Pittsburgh Penguins added an additional 158 penalty minutes. This is due to incidents such as Sidney Crosby and Claude Giroux fighting, as well as Arron Asham “cross-checking and punching” Brayden Schenn.

Moreover, Chicago Blackhawks’ Andrew Shaw is also facing disciplinary action after he charged Phoenix Coyotes goalie Mike Smith. New York Rangers’ Carl Hagelin will sit out for three games after elbowing Ottawa Senators captain Daniel Alfredsson.

Also, Ottawa defensman Matt Carkner is suspended for one game after punching New York’s Brian Boyle even after the latter had fallen down. Finally, the St. Louis Blues and San Jose Sharks amassed 88 penalty minutes, as well.

McGuire attributes such lowlights to young players being “playoff battle tested” and not  willing to “retreat”.