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Obama argues healthcare law is working, rejects Republican criticism

By Steve Holland WASHINGTON (Reuters) - President Barack Obama mounted a vigorous effort on Thursday to show his signature healthcare law is working and dismissed Republican critics who are using flaws in Obamacare to campaign for ousting Democrats from the U.S. Congress in November. Appearing in the White House briefing room days before leaving the national stage for a week-long trip to Asia, Obama used a news conference to make the case that the Affordable Care Act had mended nicely from its disastrous October rollout. For the healthcare law to succeed, young, healthy people must sign up and pay premiums to offset the healthcare costs for older Americans. Obama's remarks reflected deep concerns at the White House that Republicans may be able to topple Democrats from control of the U.S. Senate in November elections and build on their majority in the House of Representatives.  More »

Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

By Chuck Mikolajczak NEW YORK (Reuters) - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust. Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T , are due to report earnings. They'll be accompanied by highfliers like Netflix and Facebook, giving the first real cross-section of the state of corporate America as temperatures rise across the country and investors hope to put the cold weather behind them. Strategists will also be looking for clues on how badly China's slowdown hits U.S. corporate results.  More »

Obama budget would boost U.S. tax revenue, cut deficits: CBO

By David Lawder WASHINGTON (Reuters) - President Barack Obama's fiscal 2015 budget request would boost U.S. tax revenue by nearly $1.4 trillion over 10 years if fully enacted, cutting deficits by $1.05 trillion while funding new spending, the Congressional Budget Office said on Thursday. But the non-partisan agency's analysis was less optimistic than the White House's own projections - showing that cumulative deficits would total $6.6 trillion over 10 years, compared to $4.9 trillion under the Obama plan when it was released in March. A key difference between the two deficit pictures is CBO's projection of slower economic growth, partly resulting in lower revenue collections. The likelihood that Congress will advance Obama's plan in its entirety is virtually nil, but the CBO's latest analysis will feed campaign messaging by Democrats and Republicans ahead of congressional elections in November.  More »

Forty years on, bullying takes its toll on health and wealth

The negative social, physical and mental health effects of childhood bullying are still evident nearly 40 years later, according to research by British psychiatrists. In the first study of its kind to look at the effects of childhood bullying beyond early adulthood, the researchers said its impact is "persistent and pervasive", with people who were bullied when young more likely to have poorer physical and psychological health and poorer cognitive functioning at age 50. "The effects of bullying are still visible nearly four decades later ... with health, social and economic consequences lasting well into adulthood," said Ryu Takizawa, who led the study at the Institute of Psychiatry at King's College London. The findings, published in the American Journal of Psychiatry on Friday, come from the British National Child Development Study which includes data on all children born in England, Scotland and Wales during one week in 1958.  More »

In a cloning first, scientists create stem cells from adults

By Sharon Begley NEW YORK (Reuters) - Scientists have moved a step closer to the goal of creating stem cells perfectly matched to a patient's DNA in order to treat diseases, they announced on Thursday, creating patient-specific cell lines out of the skin cells of two adult men. The advance, described online in the journal Cell Stem Cell, is the first time researchers have achieved "therapeutic cloning" of adults. Technically called somatic-cell nuclear transfer, therapeutic cloning means producing embryonic cells genetically identical to a donor, usually for the purpose of using those cells to treat disease. But nuclear transfer is also the first step in reproductive cloning, or producing a genetic duplicate of someone - a technique that has sparked controversy since the 1997 announcement that it was used to create Dolly, the clone of a ewe.  More »

Obama: 8 million signed up for health care

WASHINGTON (AP) — Eight million people have signed up for health care through new insurance exchanges and the proportion of younger applicants has increased, President Barack Obama said Thursday. The enrollments exceeded expectations and offered new hope to Democrats who are defending the law ahead of the midterm elections.  More »

Salmonella decline seen in food poisoning report

NEW YORK (AP) — The government's latest report card on food poisoning shows a dip in salmonella cases but an increase in illnesses from bacteria in raw shellfish. The report counts cases in only 10 states for some of the most common causes of foodborne illness, but is believed to be a good indicator of national food poisoning trends. Highlights from Thursday's report from the Centers for Disease Control and Prevention:  More »

Study: Diabetic heart attacks and strokes falling

NEW YORK (AP) — In the midst of the diabetes epidemic, a glimmer of good news: Heart attacks, strokes and other complications from the disease are plummeting.  More »

Scientists Map DNA of Deadly Fungus

THURSDAY, April 17, 2014 (HealthDay News) -- Researchers who sequenced the genome of a deadly fungus say their achievement offers a genetic map for finding weaknesses in the fungus in order to fight it. Cryptococcus neoformans causes millions of c...  More »

White House: 8 Million People Signed Up for Health Insurance

THURSDAY, April 17, 2014 (HealthDay News) -- Eight million Americans signed up for private health insurance during the just-concluded first enrollment period under the Affordable Care Act, the White House announced Thursday afternoon. An estimated...  More »

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