Fiscal Cliff Creeps Closer With Few Signs of Optimism

"Absurd" -- that's the word one top Republican Hill aide used to describe the plan that Treasury Secretary Timothy Geithner presented to GOP leaders yesterday to avoid the fiscal cliff.

And an aide to House Speaker Boehner described the White House's offer as "completely unrealistic" and "a break with reality."

Meanwhile, a top Democratic insider complained to ABC's Jonathan Karl that "the Republicans have taken to screaming at us."

Sources familiar with the phone call Wednesday night between Speaker Boehner and President Obama -- which lasted 30 minutes -- told Karl it was as "unproductive" and "blunt." One source said the president did most of the taking, explaining why he will insist that tax rates go up.

Get more pure politics at ABCNews.com/Politics and a lighter take on the news at OTUSNews.com

"No substantive progress has been made over the last two weeks," said House Speaker John Boehner at a press conference yesterday. "It's time for the president and Congressional Democrats to tell the American people what spending cuts they're really willing to make."

With few signs of optimism in Washington and just 33 days before the end-of-the-year fiscal cliff deadline, President Obama is taking his show on the road.

ABC's Mary Bruce notes that the president is bypassing the wrangling between both sides and traveling to Hatfield, Pa. today where he will tour a toy manufacturing facility and speak to workers there.

AP Photo/Carolyn Kaster, File

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According to the White House, "the President will continue making the case for action by visiting a business that depends on middle class consumers during the holiday season, and could be impacted if taxes go up on 98 percent of Americans at the end of the year."

FROM THE SPEAKER'S OFFICE: Boehner's office gives six reasons why the Obama administration's fiscal cliff offer won't fly:

"1) Twice the Taxes: It's absolutely true that the President ran on a tax plan of raising the top two rates. That's what Americans heard from him. That yields about $800 billion in new tax revenue. He just asked for twice that. 2) Not Even the Votes in His Own Party: The Senate was barely able to pass a bill with $800 billion in new tax revenue a few months ago (51 votes). There is no chance there are votes in the Senate for anything close to $1.6 trillion. 3) Unbalanced: The President also ran on a so-called balanced approach. Apparently his idea of balance is four times as much revenue as spending cuts. 4) No Net Spending Cuts: The spending cuts they are offering (which come later) are wiped out by all the new goodies he's also requesting. (stimulus, UI, payroll, housing, etc). 5) Debt Limit Pipe Dream: Permanently doing away with the debt limit? Come on. Guess what - the debt limit is actually very popular. Raising it to infinity is not. 6) We're Far From Opening Bids: Even as an "opening bid," this offer would be ludicrous. But we're way past that. We had about seven weeks to resolve this. Three of those weeks are gone, and this is what he comes with?"

FROM THE WHITE HOUSE: White House spokesman Josh Earnest: "Right now, the only thing preventing us from reaching a deal that averts the fiscal cliff and avoids a tax hike on 98 percent of Americans is the refusal of Congressional Republicans to ask the very wealthiest individuals to pay higher tax rates. The President has already signed into law over $1 trillion in spending cuts and we remain willing to do tough things to compromise, and it's time for Republicans in Washington to join the chorus of other voices -- from the business community to middle class Americans across the country -- who support a balanced approach that asks more from the wealthiest Americans."

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Some contract manufacturers struggling despite demand for mobile devices: analysts

SINGAPORE : Apple and Samsung are riding high on the growing demand for mobile devices.

Global shipments of smartphones and tablets are expected to reach some 680 million this year, according to Frost & Sullivan.

Analysts have said the success of mobile devices may not necessarily benefit many contract manufacturers.

Some are instead struggling to change their production lines from falling personal computer (PC) shipments.

Japanese tech giants that once dominated the electronics market are finding themselves in an increasing perilous fight for relevance.

Companies like Sony, Sharp and Panasonic are struggling to turn in profits, and close the gap on rivals with innovative products such as smartphones and tablets.

PC makers are also suffering.

Andrew Milroy, vice president of ICT (Asia Pacific) at Frost & Sullivan, said: "All sorts of new devices are emerging - tablets and smartphones are one type that do the the same kind of thing that PCs once did."

Global shipments of PCs tumbled by 8 per cent year-on-year to 87.5 million units in the third quarter of this year.

Apple and Samsung are currently leading in the market for smartphones and tablets.

In the third quarter of this year, they had a combined marketshare of 46.5 per cent in the smartphone market, and close to 70 per cent in the tablet market.

The success of Apple has turned Taiwan's Hon Hai Precision Industry into the world's largest contract manufacturer.

But other such manufacturers in Southeast Asia have not been so fortunate.

Edison Chen, a tech analyst at DMG & Partners Research, said: "For example, Broadway Industrial, the one making actuator arms for the HDD (hard disk drive) market...they have been trying very hard to diversify..."

Broadway has diversified into making foams, pulps and thermo-formed packaging products, while others have ventured into corporate devices like medical instrument components.

- CNA/ms

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BJP slams Prime Minister's Office for giving ‘clean chit’ to Vadra

NEW DELHI: BJP today hit out at the Prime Minister's Office for giving a "clean chit" to Congress President Sonia Gandhi's son-in-law Robert Vadra in the land deals with realty major DLF in Haryana and sought to know how it arrived at this conclusion without conducting any probe.

"Is it the Prime Minister's Office or a bailout office? We say this with full responsibility," BJP Chief spokesperson Ravi Shankar Prasad said. Prasad pointed out that several questions had been raised about the deals between Vadra and DLF including how his seed capital of Rs 50 Lakh turned into Rs 300 crore within a short span of time, the controversy on an overdraft that Vadra claimed was given by Corporation Bank which the latter denied, and how Congress governments in Rajasthan and Haryana had sprung to his defence.

The PMO has said in an affidavit before the Lucknow bench of the Allahabad High Court that the allegations regarding irregular land dealings between Vadra and DLF "appear to be false, based on heresay and vexatious". Asking how the PMO had reached this conclusion, Prasad said "did you conduct an inquiry?... How can the PMO be used to shield corruption?" BJP alleged that even in the past in other cases, the PMO had given a "clean chit" to individuals who faced charges later.

"In the case of former Telecom Minister A Raja, Finance Minister P Chidambaram, Commonwealth Games, and Coalgate, the PMO had given a clean chit. The Prime Minister himself has been giving repeated certificates of innocence inside and outside Parliament," Prasad said. He demanded the PMO should come come clear on who probed the charges against Vadra and how he was given a "clean chit".

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Caterpillar Fungus Has Anti-Inflammatory Properties

In the Tibetan mountains, a fungus attaches itself to a moth larva burrowed in the soil. It infects and slowly consumes its host from within, taking over its brain and making the young caterpillar move to a position from which the fungus can grow and spore again.

Sounds like something out of science fiction, right? But for ailing Chinese consumers and nomadic Tibetan harvesters, the parasite called cordyceps means hope—and big money. Chinese markets sell the "golden worm," or "Tibetan mushroom"—thought to cure ailments from cancer to asthma to erectile dysfunction—for up to $50,000 (U.S.) per pound. Patients, following traditional medicinal practices, brew the fungal-infected caterpillar in tea or chew it raw.

Now the folk medicine is getting scientific backing. A new study published in the journal RNA finds that cordycepin, a chemical derived from the caterpillar fungus, has anti-inflammatory properties.

"Inflammation is normally a beneficial response to a wound or infection, but in diseases like asthma it happens too fast and to too high of an extent," said study co-author Cornelia H. de Moor of the University of Nottingham. "When cordycepin is present, it inhibits that response strongly."

And it does so in a way not previously seen: at the mRNA stage, where it inhibits polyadenylation. That means it stops swelling at the genetic cellular level—a novel anti-inflammatory approach that could lead to new drugs for cancer, asthma, diabetes, rheumatoid arthritis, and cardiovascular-disease patients who don't respond well to current medications.

From Worm to Pill

But such new drugs may be a long way off. The science of parasitic fungi is still in its early stages, and no medicine currently available utilizes cordycepin as an anti-inflammatory. The only way a patient could gain its benefits would by consuming wild-harvested mushrooms.

De Moor cautions against this practice. "I can't recommend taking wild-harvested medications," she says. "Each sample could have a completely different dose, and there are mushrooms where [taking] a single bite will kill you."

Today 96 percent of the world's caterpillar-fungus harvest comes from the high Tibetan Plateau and the Himalayan range. Fungi from this region are of the subspecies Ophiocordyceps sinensis, locally known as yartsa gunbu ("summer grass, winter worm"). While highly valued in Chinese traditional medicine, these fungi have relatively low levels of cordycepin. What's more, they grow only at elevations of 10,000 to 16,500 feet and cannot be farmed. All of which makes yartsa gunbu costly for Chinese consumers: A single fungal-infected caterpillar can fetch $30.

Brave New Worm

Luckily for researchers, and for potential consumers, another rare species of caterpillar fungus, Cordyceps militaris, is capable of being farmed—and even cultivated to yield much higher levels of cordycepin.

De Moor says that's not likely to discourage Tibetan harvesters, many of whom make a year's salary in just weeks by finding and selling yartsa gunbu. Scientific proof of cordycepin's efficacy will only increase demand for the fungus, which could prove dangerous. "With cultivation we have a level of quality control that's missing in the wild," says de Moor.

"There is definitely some truth somewhere in certain herbal medicinal traditions, if you look hard enough," says de Moor. "But ancient healers probably wouldn't notice a 10 percent mortality rate resulting from herbal remedies. In the scientific world, that's completely unacceptable." If you want to be safe, she adds, "wait for the medicine."

Ancient Chinese medical traditions—which also use ground tiger bones as a cure for insomnia, elephant ivory for religious icons, and rhinoceros horns to dispel fevers—are controversial but popular. Such remedies remain in demand regardless of scientific advancement—and endangered animals continue to be killed in order to meet that demand. While pills using cordycepin from farmed fungus might someday replace yartsa gunbu harvesting, tigers, elephants, and rhinos are disappearing much quicker than worms.

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Death at School: Parents Protest Dangerous Discipline for Autistic, Disabled Kids

Thousands of autistic and disabled schoolchildren have been injured and dozens have died after being restrained by poorly trained teachers and school aides who tried to subdue them using at times unduly harsh techniques, an ABC News investigation has found.

With no agreed upon national standards for how teachers can restrain an unruly child, school officials around the country have been employing a wide array of methods that range from sitting on children, to handcuffing them, even jolting them with an electric shock at one specialized school. Some have locked children in padded rooms for hours at a time. One Kentucky teacher's aide is alleged to have stuffed 9-year-old Christopher Baker, who is autistic and was swinging a chair around him, into a draw-string duffle bag.

"When I got to the end of the hall and saw the bag, I stood there like, 'Hmmm, what in the world?'" the boy's mother, Sandra Baker, recalled in an interview with ABC News. She had arrived at the school to find her son wriggling inside the "sensory bag." "It was really heartbreaking to walk up and see him in that."

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Earlier this year, Sheila Foster's son Corey, 16, was the latest child to die at school, when staff members at a special needs facility in Yonkers, New York held him face down for allegedly refusing to get off the basketball court. Sheila Foster said witnesses later informed her that Corey told the staffers he couldn't breathe, but they allegedly persisted, reportedly telling him, "If you can talk, you can breathe." The school said this account is not substantiated.

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In an interview that will air on "Nightline" Thursday, Sheila Foster said she watches the time-lapse security video of her son nearly every day, hoping for a different ending. "Every time just looking at these pictures, I know I won't feel him hug me anymore, or say, 'I love you mommy,'" she said. "That was the last time he was alive and I want to see that."

How to safely handle an out-of-control student has been a longstanding issue for parents whose children attend special schools for those with autism or with behavioral or developmental problems. But experts told ABC News it has become increasingly vexing for officials in traditional public schools as they have sought to accommodate children with special needs. Many of the schools provide little or no training to teachers and staff for how to intervene when the student misbehaves. That has left teachers and school administrators to find their own solutions, at times with terrible outcomes.

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BP banned from US government contracts

WASHINGTON: British oil giant BP was banned from US government contracts on Wednesday after pleading guilty to criminal charges stemming from the deadly 2010 Gulf of Mexico oil disaster.

Two weeks after agreeing to pay $4.5 billion to settle Justice Department charges in the case, the US Environmental Protection Agency ordered BP temporarily blocked from contracts until it can prove it meets US government business standards.

"EPA is taking this action due to BP's lack of business integrity as demonstrated by the company's conduct with regard to the Deepwater Horizon blowout, explosion, oil spill, and response," the agency said.

The EPA cited BP's admission of guilt on November 15 to 11 counts of manslaughter, one count of felony obstruction of Congress and two environmental violations arising from the April 20, 2010 well blowout, which caused the worst ecological disaster in US history.

The blowout and sinking of the Deepwater Horizon drilling platform left 11 people dead and spewed some 4.9 million barrels of oil into the Gulf of Mexico over 87 days, blackening beaches in five states.

The EPA said the ban on BP and affiliates from receiving federal contracts will continue "until the company can provide sufficient evidence to EPA demonstrating that it meets federal business standards."

The November 15 deal settled most but not all federal criminal charges against the company.

Two of the British energy giant's on-board supervisors still face involuntary manslaughter, and a former BP executive is also charged with obstruction of justice for lying about how much oil was gushing out of the runaway well.

Announcing the settlement, US Attorney General Eric Holder warned that BP's legal troubles were far from over, saying: "Our criminal investigation remains ongoing - and we'll continue to follow all credible leads and pursue any charges that are warranted."

He also said that the Justice Department had yet to resolve a civil case on environmental fines which could amount to as much as $18 billion.

"We're looking forward to the trial - which is scheduled to begin in February of next year - in which we intend to prove that BP was grossly negligent in causing the oil spill," Holder told a press conference.

BP has signalled it will continue to aggressively pursue damages from rig operator Transocean and well operations subcontractor Halliburton, which BP blames for faulty work leading up to the blowout.

- AFP/de

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Another shocker from Kerala: Police arrest rapist father

KOTTAYAM: In yet another shocker, police in Kerala have arrested a man on charges of sexually abusing his two minor daughters for the past two years.

The plight of the two girls -- aged 13 and 15 -- came to light following a complaint by the man's wife, police said.

The man, a hotel employee, arrested near Kadurthuruthi in Kottayam district yesterday, has been charged under sections 376 (rape) and 377 (unnatural offences) of the IPC.

The mother, who had just returned from work, was informed by the crying girls about the assault after which she informed the police.

The incident comes close on the heels of a similar incident from Dharmadom in Kannur district where a 13-year-old girl had been sexually assaulted by her father, 15-year-old brother and an uncle for nearly two years. All the three have been arrested.

Kerala Home Minister Thiruvanchoor Radhakrishnan said in Thiruvananthapuram that police had been asked to conduct a thorough probe into both the cases and bring the culprits to book without delay.

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Pictures: Falcon Massacre Uncovered in India

Photograph courtesy Conservation India

A young boy can sell bundles of fresh Amur falcons (pictured) for less than five dollars. Still, when multiplied by the thousands of falcons hunters can catch in a day, the practice can be a considerable financial boon to these groups.

Since discovering the extent of Amur hunting in Nagaland this fall, Conservation India has taken the issue to the local Indian authorities.

"They have taken it very well. They've not been defensive," Sreenivasan said.

"You're not dealing with national property, you're dealing with international property, which helped us put pressure on [them]." (Related: "Asia's Wildlife Trade.")

According to Conservation India, the same day the group filed their report with the government, a fresh order banning Amur hunting was issued. Local officials also began meeting with village leaders, seizing traps and confiscating birds. The national government has also requested an end to the hunting.

Much remains to be done, but because the hunt is so regional, Sreenivasan hopes it can eventually be contained and stamped out. Authorities there, he said, are planning a more thorough investigation next year, with officials observing, patrolling, and enforcing the law.

"This is part of India where there is some amount of acceptance on traditional bush hunting," he added. "But at some point, you draw the line."

(Related: "Bush-Meat Ban Would Devastate Africa's Animals, Poor?")

Published November 27, 2012

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Susan Rice Made Allies, Enemies Before Benghazi

United Nations Ambassador Susan Rice, on Capitol Hill this week answering questions about her role after the U.S. consulate attack in Benghazi, has become yet another player in the divide between the left and right, with her possible nomination as the next Secretary of State hanging in the balance.

But who was Susan Rice before she told ABC's "This Week" and other Sunday morning shows the attack was a spontaneous response to an anti-Islam film and not a premeditated act of terror? Four Americans died in the September attack.

Unlike many in government, Rice holds a rare claim to Washington, D.C.: she's a local. She hails from a prominent family with deep ties to the Democratic Party. She was born Nov. 17, 1964 to Emmett Rice, a deputy director at the Treasury Department who served as a member of Jimmy Carter's Federal Reserve board, and Lois Dickson Rice, a former program officer at the Ford Foundation who is now a higher education expert at the Brookings Institution.

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As a high school student at the all-girl National Cathedral School in Washington, Rice was known as an overachiever; valedictorian, star athlete and class president. After graduating high school in 1982, she went on to study history at Stanford, where she graduated as a Truman scholar and junior Phi Beta Kappa. Rice also attended Oxford as a Rhodes Scholar.

The family has roots in Maine. In an interview with the Portland Press Herald in 2008, Lois Dickson Rice said that she held the same high expectations for her children as her mother had held for her. According to the paper, Ambassador Rice's drive to achieve spanned generations. Her maternal grandmother, an immigrant from Jamaica, was named Maine State Mother of the Year in 1950. Rice's father was only the second African-American man to be chosen for the Federal Reserve board.

Two years out of Stanford, Rice joined Massachusetts Democrat Michael Dukakis as a foreign policy aide during his 1988 run for president. After his defeat, Rice tried her hand in the private sector, where she went on to work as a management consultant with McKinsey and Company. After President Clinton's election in 1992, she joined Clinton's National Security Council, eventually joining her mentor, former Secretary of State Madeleine Albright. She served as Assistant Secretary of State for African Affairs.

A profile of the diplomat from Stanford paints the Rices and Albrights as old family friends.

"The Rice and Albright kids went to school together and shared meals at Hamburger Hamlet," Stanford Magazine reported in 2000.

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Keeping the financial regulators on their toes

When members of Congress need factual information and insights into the effectiveness of the financial laws put in place after the 2008 economic crisis, they regularly turn to the Government Accountability Office (GAO) and Orice Williams Brown.

Initially as director and now as managing director of the GAO’s financial markets and community investment section, Brown and her staff have issued dozens of reports examining the flaws and offering recommendations to improve the $700 billion Troubled Asset Relief Program (TARP) bailout fund, the Wall Street regulatory reform law and the initiatives to prevent housing foreclosures.

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