?Cliff? Avoided But Trifecta of Fiscal Debates Loom ... - Yahoo! Finance

The "fiscal cliff" has been avoided after last minute negotiations between the White House and Congress. President Obama is expected to sign the bill that House members approved late Tuesday night. Details of the bill are:

• The Bush-Era tax cuts will be extended for 98% of Americans.
• Income taxes will rise from 35% to 39.6% for individuals making $400,000 a year or $450,000 for households.
• Middle class Americans will be immune to the paying the Alternative Minimum Tax.
• Long-term unemployment benefits will be extended for 2 million Americans for another year.

While the "cliff" has been avoided for now, the budget fight will resume in a few weeks over details that were excluded from the New Year's negotiations.

"We are going to be having a fight in a lot worse way in three months," says Ben White, chief economic correspondent for Politico. "We have not only the debt ceiling coming up but we'll have the expiration of the punt that they pulled off on the sequester?. And in March we have the expiration the continuing resolution funding the government."

Left in Limbo and Up for Further Debate:

1. The Debt Ceiling: The U.S. officially hit its $16.4 trillion debt ceiling Monday, according to the U.S. Treasury Department. Treasury Secretary Timothy Geithner issued a letter to Congress saying he has started a "debt issuance suspension period" through the end of February, which means Treasury will undergo "extraordinary measures" to prevent hitting the debt limit until then. In 2011, the debate to raise America's borrowing limit caused the country to loose its top credit rating by ratings agency Standard & Poor's.
2. The Sequester: The fiscal deal postponed the $110 billion in spending cuts to domestic and military programs for two months. Under the sequester, many federal agencies' budgets would be cut by 8%-10%.
3. Continuing Budget Resolution: It has been years since the government has passed a bill on time and in a normal fashion. Instead, Congress has passed a series of continuing resolutions to keep the government funded and open for business. The current budget resolution is set to expire at the end of March.

According to the Congressional Budget Office, the deal will add $4 trillion to the deficit over the next 10 years.

Tell us what you think!

Do you think Congress can get along with less brinksmanship? Tell us in the comments section below.

Got a topic you?d like covered? Have a guest you?d like to see interviewed? We?d love to hear from you! Send us an email at thedailyticker@yahoo.com.

You can also look us up on Twitter and Facebook. Follow Aaron Task on Twitter at @aarontask and Henry Blodget at @hblodget.

Source: http://finance.yahoo.com/blogs/daily-ticker/cliff-avoided-trifecta-fiscal-debates-loom-153617015.html

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Video: Dr. Nancy Snyderman: Flu season will worsen in 2013

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Source: http://www.msnbc.msn.com/id/3041426/vp/50337009#50337009

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Attorney Website Development and Internet Marketing | Link Popularity

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Privacy by the Numbers: A New Approach to Safeguarding Data

A mathematical technique called ?differential privacy? gives researchers access to vast repositories of personal data while meeting a high standard for privacy protection

By Erica Klarreich and Simons Science News

Image: DARPA

From Simons Science News (find original story here)

In 1997, when Massachusetts began making health records of state employees available to medical researchers, the government removed patients? names, addresses, and Social Security numbers. William Weld, then the governor, assured the public that identifying individual patients in the records would be impossible.

Within days, an envelope from a graduate student at the Massachusetts Institute of Technology arrived at Weld?s office. It contained the governor?s health records.

Although the state had removed all obvious identifiers, it had left each patient?s date of birth, sex and ZIP code. By cross-referencing this information with voter-registration records, Latanya Sweeney was able to pinpoint Weld?s records.

Sweeney?s work, along with other notable privacy breaches over the past 15 years, has raised questions about the security of supposedly anonymous information.

?We?ve learned that human intuition about what is private is not especially good,? said Frank McSherry of?Microsoft Research Silicon Valley?in Mountain View, Calif. ?Computers are getting more and more sophisticated at pulling individual data out of things that a naive person might think are harmless.?

As awareness of these privacy concerns has grown, many organizations have clamped down on their sensitive data, uncertain about what, if anything, they can release without jeopardizing the privacy of individuals. But this attention to privacy has come at a price, cutting researchers off from vast repositories of potentially invaluable data.

Medical records, like those released by Massachusetts, could help reveal which genes increase the risk of developing diseases like Alzheimer?s, how to reduce medical errors in hospitals or what treatments are most effective against breast cancer. Government-held information from Census Bureau surveys and tax returns could help economists devise policies that best promote income equality or economic growth. And data from social media websites like Facebook and Twitter could offer sociologists an unprecedented look at how ordinary people go about their lives.

The question is: How do we get at these data without revealing private information? A body of work a decade in the making is now starting to offer a genuine solution.

?Differential privacy,? as the approach is called, allows for the release of data while meeting a high standard for privacy protection. A differentially private data release algorithm allows researchers to ask practically any question about a database of sensitive information and provides answers that have been ?blurred? so that they reveal virtually nothing about any individual?s data ? not even whether the individual was in the database in the first place.

?The idea is that if you allow your data to be used, you incur no additional risk,? said Cynthia Dwork of Microsoft Research Silicon Valley. Dwork introduced the concept of differential privacy in 2005, along with McSherry, Kobbi Nissim of Israel?s Ben-Gurion University and Adam Smith of Pennsylvania State University.

Differential privacy preserves ?plausible deniability,? as Avrim Blum of Carnegie Mellon University likes to put it. ?If I want to pretend that my private information is different from what it really is, I can,? he said. ?The output of a differentially private mechanism is going to be almost exactly the same whether it includes the real me or the pretend me, so I can plausibly deny anything I want.?

Source: http://rss.sciam.com/click.phdo?i=7933816dd5b03cd15d04889f06555fc5

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GigaOM: Intel Media TV service won't launch at CES, but it is coming soon

We've seen several reports over the last week about Intel's set-top box efforts, and an impending CES launch. According to GigaOM, some of those rumors simply aren't true. The site has confirmed with several sources at Intel that a set-top box (and a whole lot more) is in the works, but a CES announcement has not been planned. Instead, Media, the mysterious Intel division, which is run like a startup with staffers hired from other Silicon Valley companies rather than shifted from different departments, could be unveiled in March, or perhaps even at the AllThingsD Dive Into Media conference in February.

A detailed GigaOM report outlines the company's plans, which do include a STB manufactured by Intel that would compete with Apple TV, but also solutions for other platforms, including computers, tablets and smartphones. According to GigaOM sources, the company has spent more than $100 million on Intel Media, so it's clearly taking the effort seriously. Still, until Intel Media has been exposed to the market, it's too soon to judge its success. Hit up our source link for the full scoop.

Update: Now the Wall Street Journal has chimed in, with its own reports from usual unnamed sources indicating that a launch could be pushed as far as Q4. The reason for the wide launch window? Trouble negotiating content agreements for those unbundled packages (at much higher rates than the channels currently receive) it reportedly wants to offer, although the rumors say Intel has reached at least one content deal -- we're guessing it wasn't with ESPN. Whether this will ever appear or simply remain vapor like so many other rumored Intel software products remains to be seen, but just like the often hinted at Apple television, the licensing issues will probably be much harder to work out than any software or hardware.

Filed under: Home Entertainment, Internet, HD, Intel

Comments

Source: GigaOM, Wall Street Journal

Source: http://www.engadget.com/2013/01/01/intel-media-tv-service/

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20 WTF New Year's Resolutions

During an oddly jokey statement at the White House as the fiscal deadline bore down Monday afternoon, President Obama said, "I'm going to be president for the next four years. I?hope." He was warning Republicans that, yes, they'd have to deal with him for a while. But it was, to be sure, a strange moment. Could he actually have been joking about assassination? About impeachment? The?apocalypse? Or has everyone just had enough of these negotiations??

Source: http://news.yahoo.com/20-wtf-years-resolutions-172947889.html

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