Friday, December 28, 2012

Ohio Health Insurance Predictions for 2013 and Beyond | Ohio ...

Healthcare policy was a key issue in the U.S. elections. The focus is now on implementing the provisions of the Affordable Care Act (ACA). Here are some of the ways the Ohio health insurance scene is set to change in 2013 and the years ahead:

  • Focus on consumer-centric health insurance plans: As more people come under the health insurance umbrella, health insurers will compete to provide them with consumer-friendly plans.
  • Health Savings Accounts (HSAs) will become popular: Health insurance premiums are rising and people looking for affordable coverage will opt for HSAs. Offered along with a high deductible plan, HSAs allow people to save tax-free dollars for future medical expenses.
  • More wellness programs on the job: As the ACA creates new incentives and builds on existing wellness policies to promote employer wellness programs, more employers will reduce premium contributions or the deductible and copayment amounts for workers who join these programs.


Some statistics:

  • Rise in healthcare spending: Official data shows that the nation?s health spending will reach a rate of 5.5 percent by 2013 as a result of the expected improvements in the economy.
  • Out-of-pocket spending is predicted to increase 3.9 percent in 2013. The reasons for this are growth in household incomes leading to more spending on health care and also the increase in employee cost-sharing requirements in employer-sponsored insurance plans.
  • Persons under age 65 in families with income up to 138 percent of the Federal Poverty Level will become eligible for Medicaid in 2014. It is projected that Medicaid enrollment will increase by 19.5 million people.
  • Up to 13.9 million persons are expected to enroll in the plans offered by Health Insurance Exchanges in 2014, when the exchanges will begin operation. It is predicted that the insurance exchanges will lead to increased payments through insurance and reduction in out-of-pocket spending.

Have a healthy and safe 2013 and stay insured to minimize your risks!

Source: http://www.onesourcebenefits.com/blog/2012/12/28/ohio-health-insurance-predictions-for-2013-and-beyond/

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Thursday, December 27, 2012

Retailers lead Wall Street lower, "cliff" still a concern

NEW YORK (Reuters) - Stocks fell on Wednesday, dragged lower by retail stocks after a report showed consumers were less enthusiastic about the holiday shopping season than last year.

Many investors said concerns about the "fiscal cliff" kept shoppers away from stores, suggesting markets may struggle to make any ground until next year.

Holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year, according to data from MasterCard Advisors SpendingPulse. The Morgan Stanley retail index <.mvr> skidded 1.8 percent while the SPDR S&P Retail Trust slipped 1.5 percent to 61.24.

"With the 'fiscal cliff' hanging over our heads, it was hard to convince people to shop, and now it's hard to convince investors that there's any reason to buy going into year-end," said Rick Fier, director of trading at Conifer Securities in New York.

President Barack Obama is due back in Washington early Thursday for a final effort to negotiate a deal with Congress to bridge a series of tax increases and government spending cuts set to begin next week, the so-called "fiscal cliff" many economists worry could push the economy into recession if it takes effect.

Coach Inc fell 6 percent to $54.08 as the biggest decliner on the S&P 500, followed by Ralph Lauren Corp , off 4 percent to $144.99. Online retailer Amazon.com fell 3.1 percent to $250.52. Gamestop Corp , Urban Outfitters and Abercrombie & Fitch were also among the S&P's biggest decliners.

The Dow Jones industrial average <.dji> was down 34.16 points, or 0.26 percent, at 13,104.92. The Standard & Poor's 500 Index <.spx> was down 6.57 points, or 0.46 percent, at 1,420.09. The Nasdaq Composite Index <.ixic> was down 18.82 points, or 0.62 percent, at 2,993.78.

Volume was light, with only 2.17 billion shares having traded at midday on the New York Stock Exchange, the Nasdaq and the NYSE MKT. Many senior traders were still on vacation during this holiday-shortened week and major European markets were closed for the day.

Still, Wednesday marked the third day of losses for the S&P 500 in its worst three-day decline since mid-November.

A Republican plan that failed to gain traction last week triggered the S&P 500's recent drop, highlighting the market's sensitivity to headlines centered on the budget talks.

During the last five trading days of the year and the first two of next year, it's possible for a "Santa rally" to occur. Since 1928, the S&P 500 has averaged a gain of 1.8 percent during that period and risen 79 percent of the time, according to data from PrinceRidge.

"While it's unlikely there could be a budget deal at any time, no one wants to get in front of that trade," said Conifer's Fier, who helps oversee about $12 billion in assets. "Investors can easily make up for any gains when there's more action in 2013."

The benchmark S&P 500 Index is up 12.8 percent for the year, and has recouped nearly all of the losses after the U.S. election, when the "fiscal cliff" concerns moved to the forefront. This is the best yearly gain for the S&P 500 since 2010.

Data showed U.S. single-family home prices rose in October, reinforcing the view that the domestic real estate market is improving, as the S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.7 percent in October on a seasonally adjusted basis.

In the energy sector, China's Sinopec Group and ConocoPhillips will research potentially vast reserves of shale gas in southwestern China over the next two years, state news agency Xinhua reported. Conoco's stock fell 0.8 percent to $57.99.

An outage at one of Amazon.com Inc's web service centers hit users of Netflix Inc's streaming video service on Christmas Eve and was not fully resolved until Christmas Day, a spokesman for the movie rental company said on Tuesday. Netflix rose 0.8 percent to $90.97.

(Editing by Dan Grebler)

Source: http://news.yahoo.com/stock-futures-edge-ahead-cliff-talk-resumption-122640296--sector.html

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Case Western Reserve University receives patient-centered research award

Case Western Reserve University receives patient-centered research award [ Back to EurekAlert! ] Public release date: 27-Dec-2012
[ | E-mail | Share Share ]

Contact: Bill Lubinger
william.lubinger@case.edu
216-368-4443
Case Western Reserve University

Project part of PCORI's effort to help patients make better-informed health decisions

CLEVELAND, OHIO Case Western Reserve University has been approved for a research award from the Patient-Centered Outcomes Research Institute (PCORI) to study ways that applying patients' strengths can help enhance their health care and well-being. The project is part of a portfolio of patient-centered comparative clinical effectiveness research that addresses PCORI's National Priorities for Research and Research Agenda.

Kurt C. Stange, MD, PhD, Professor of Family Medicine & Community Health at the School of Medicine will lead the research project, which departs from the typical care model focusing on patient challenges or weaknesses. Instead, researchers will explore how patient strengths can be integrated into assessment and treatment to improve patient outcomes. Strengths could include a patient's resilience or mindfulness, as well as relationships with family and friends and resources available within the community.

Case Western Reserve researchers will work with patients and clinicians in the Safety Net Providers' Strategic Alliancea Cleveland-area consortium (known formally as a Practice-Based Research Network) involving 17 community health centers and two free clinics. The project team also includes collaborators at the University of Oslo in Norway and the University of North Carolina at Chapel Hill who will help develop an interactive online tool to assess patient strengths. The researchers will create computerized simulation models to compare outcomes from employing patient-identified strengths to deficit and symptom-focused care.

"Today marks a major milestone in our work as we build a portfolio of comparative clinical effectiveness research that will provide patients and those who care for them better information about the health care decisions they face," said PCORI Executive Director Joe Selby, MD, MPH. "These research projects reflect PCORI's patient-centered research agenda, emphasizing the inclusion of patients and caregivers at all stages of the research."

PCORI is committing $40.7 million in funding for a slate of 25 projects, which were approved by PCORI's Board of Governors following a competitive, multi-stage review process involving scientists, patients, caregivers and other stakeholders. Proposals were evaluated on the basis of scientific merit, engagement of patients and stakeholders, methodological rigor and fit within PCORI's National Priorities for Research and Research Agenda.

The awards were part of PCORI's first cycle of primary research funding and selected from among nearly 500 completed applications submitted earlier this year. All proposals were approved pending a business and programmatic review by PCORI staff and completion of a formal award contract. The amount of the award will be finalized after that process.

"This award will allow us to work with community and university partners to develop and evaluate an approach that brings patients' often untapped personal, family and community strengths into the process of health care, healing and health promotion," Stange said. "Instead of the usual approach of focusing primarily on deficits, this model has the potential to give patients and their partners a more fully informed and empowered role in advancing their well-being."

###

For more information about PCORI's Funding Announcements, visit www.pcori.org/funding-opportunities.

About PCORI

The Patient-Centered Outcomes Research Institute (PCORI) is an independent, non-profit organization authorized by Congress in 2010. Its mission is to fund research that will provide patients, their caregivers and clinicians with the evidence-based information needed to make better-informed health care decisions. PCORI is committed to continuously seeking input from a broad range of stakeholders to guide its work. More information is available at www.pcori.org.


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?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Case Western Reserve University receives patient-centered research award [ Back to EurekAlert! ] Public release date: 27-Dec-2012
[ | E-mail | Share Share ]

Contact: Bill Lubinger
william.lubinger@case.edu
216-368-4443
Case Western Reserve University

Project part of PCORI's effort to help patients make better-informed health decisions

CLEVELAND, OHIO Case Western Reserve University has been approved for a research award from the Patient-Centered Outcomes Research Institute (PCORI) to study ways that applying patients' strengths can help enhance their health care and well-being. The project is part of a portfolio of patient-centered comparative clinical effectiveness research that addresses PCORI's National Priorities for Research and Research Agenda.

Kurt C. Stange, MD, PhD, Professor of Family Medicine & Community Health at the School of Medicine will lead the research project, which departs from the typical care model focusing on patient challenges or weaknesses. Instead, researchers will explore how patient strengths can be integrated into assessment and treatment to improve patient outcomes. Strengths could include a patient's resilience or mindfulness, as well as relationships with family and friends and resources available within the community.

Case Western Reserve researchers will work with patients and clinicians in the Safety Net Providers' Strategic Alliancea Cleveland-area consortium (known formally as a Practice-Based Research Network) involving 17 community health centers and two free clinics. The project team also includes collaborators at the University of Oslo in Norway and the University of North Carolina at Chapel Hill who will help develop an interactive online tool to assess patient strengths. The researchers will create computerized simulation models to compare outcomes from employing patient-identified strengths to deficit and symptom-focused care.

"Today marks a major milestone in our work as we build a portfolio of comparative clinical effectiveness research that will provide patients and those who care for them better information about the health care decisions they face," said PCORI Executive Director Joe Selby, MD, MPH. "These research projects reflect PCORI's patient-centered research agenda, emphasizing the inclusion of patients and caregivers at all stages of the research."

PCORI is committing $40.7 million in funding for a slate of 25 projects, which were approved by PCORI's Board of Governors following a competitive, multi-stage review process involving scientists, patients, caregivers and other stakeholders. Proposals were evaluated on the basis of scientific merit, engagement of patients and stakeholders, methodological rigor and fit within PCORI's National Priorities for Research and Research Agenda.

The awards were part of PCORI's first cycle of primary research funding and selected from among nearly 500 completed applications submitted earlier this year. All proposals were approved pending a business and programmatic review by PCORI staff and completion of a formal award contract. The amount of the award will be finalized after that process.

"This award will allow us to work with community and university partners to develop and evaluate an approach that brings patients' often untapped personal, family and community strengths into the process of health care, healing and health promotion," Stange said. "Instead of the usual approach of focusing primarily on deficits, this model has the potential to give patients and their partners a more fully informed and empowered role in advancing their well-being."

###

For more information about PCORI's Funding Announcements, visit www.pcori.org/funding-opportunities.

About PCORI

The Patient-Centered Outcomes Research Institute (PCORI) is an independent, non-profit organization authorized by Congress in 2010. Its mission is to fund research that will provide patients, their caregivers and clinicians with the evidence-based information needed to make better-informed health care decisions. PCORI is committed to continuously seeking input from a broad range of stakeholders to guide its work. More information is available at www.pcori.org.


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-12/cwru-cwr122712.php

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New insight into cell development and cancer

Dec. 27, 2012 ? Long-standing research efforts have been focused on understanding how stem cells, cells capable of transforming into any type of cell in the body, are capable of being programmed down a defined path to contribute to the development of a specific organ like a heart, lung, or kidney. Research from the University of North Carolina at Chapel Hill School of Medicine has shed new light on how epigenetic signals may function together to determine the ultimate fate of a stem cell.

The study, published December 27, 2012 by the journal Molecular Cell, implicates a unique class of proteins called polycomb-like proteins, or PCL's, as bridging molecules between the "on" and "off" state of a gene. While all of these specialized types of cells share the same genetic information encoded in our DNA, it is becoming increasingly clear that information outside the genome, referred to as epigenetics, plays a central role in orchestrating the reprogramming of a stem cell down a defined path.

Although it is understood that epigenetics is responsible for turning genes "on" and "off" at defined times during cellular development, the precise mechanisms controlling this delicate process are less well understood.

"This finding has important implications for both stem cell biology and cancer development, as the same regulatory circuits controlled by PCL's in stem cells are often misregulated in tumors," said Dr. Greg Wang, senior author of the study and Assistant Professor of Biochemistry and Biophysics in the UNC School of Medicine and a member of UNC Lineberger Comprehensive Cancer Center.

The study, led by postdoctoral research fellows Drs. Ling Cai and Rui Lu in the Wang lab, and Dr. Scott Rothbart, a Lineberger postdoctoral fellow in the lab of Dr. Brian Strahl, Associate Professor of Biochemistry and Biophysics in the UNC School of Medicine and a member of UNC Lineberger Comprehensive Cancer Center, identified that PCL's interact with an epigenetic signal associated with genes that are turned on to recruit a group of proteins called the PRC2 complex which then turn genes off.

"In stem cells, the PRC2 complex turns genes off that would otherwise promote reprogramming into specialized cells of organs like the heart or lungs," said Wang.

In addition to its fundamental role in cellular development, elevated levels of PRC2 have been found in cancers of the prostate, breast, lung, and blood, and pharmaceutical companies are already developing drugs to target PRC2. Wang and colleagues determined that the same mechanisms controlling PRC2 function in stem cells also applies in human cancers.

"The identification of a specific PCL in controlling PRC2 in cancer cells suggests we may be able to develop drugs targeting this PCL to regulate PRC2 function in a more controlled manner that may maintain PRC2 function in stem cells while inhibiting it in the tumor," said Wang.

This research was funded by the National Institutes of Health grants (GM085394 and GM068088), the Department of Defense, the V Foundation for Cancer Research, and the University Cancer Research Fund, and was performed in collaboration with scientists at the University of California at Riverside, Rockefeller University, Memorial Sloan-Kettering Cancer Center, and the Albert Einstein College of Medicine. Study co-authors from UNC also included Bowen Xu, a student in the Wang Lab, and Ashutosh Tripathy, a Research Professor in the Department of Biochemistry and Biophysics.

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The above story is reprinted from materials provided by University of North Carolina Health Care.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/g5nZCwhyrsQ/121227130323.htm

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How to set up your new HDTV

1 day

It?s not possible for a TV to be set at the factory with the best settings possible for your home. Take 20 minutes or so on your end, and you can drastically improve the picture quality. If you just bought a TV, or just haven't found the time to mess around with your set,?here are tips for doing it right.?

If you really?want to nail it,?we suggest a?setup Blu-ray. They?re cheap, and the?Disney WOW?disc is especially helpful and easy to follow. (A step-up from that would be the $30?ISF HDTV?Calibration Wizard.)

Straight?out of the box
All HDTVs generally?have a start-up?screen that lets the user to choose between a home mode and a store demo mode.?This is extremely important. The store mode is designed to produce the brightest image ? at the expense of black level, contrast ratio and energy efficiency. To obtain the best picture select the home mode. You will still be able to make fine-tuning?adjustments to maximize image quality.

The screen will also ask you to choose your?language, and will ask about using over-the-air antenna or cable/satellite. If you don?t use an antenna, make sure you select cable/satellite.?You don?t want the TV to go into the tuner mode,?because?you won't see an image.

Special instructions for smart TVs
If your new HDTV has Internet connectivity for streaming movies and other content, the next step should be connecting to the Internet. All smart TVs have an Ethernet connection if you want to wire the TV directly. Many also have Wi-Fi for wireless set-up. Follow the on-screen instructions or the?owner?s manual for the proper steps.

Once completed, you should make sure you have the latest version of the TV's software, by performing a firmware update as per your TV's instructions. The update may add new features, Internet services and even apps, and will assure you have the latest and best version of your new HDTV. Don't skip this:?Nearly every TV we test has newer firmware waiting for it when we connect it to the Internet.

Picture modes
Nearly all TVs have picture modes that adjust multiple settings to create a certain look to the image. The best idea is to start with the most accurate setting, then adjust as you see fit. With nearly all TVs, this mode is called ?Movie,? ?Cinema,? or something similar. If these aren?t options, ?Standard? is likely closest.

If you?ve already?been watching your TV for more than a few minutes, switching to one of these modes is going to be a shock. It will seem red (warm) and soft. It isn?t, which I?ll explain as we go.

Contrast
This control adjusts the bright parts of the image: Clouds, white shirts, snow, etc. The idea is to set this control high enough that the image ?pops,? but not so high as to mask detail, like cloud?textures or shirt?wrinkles. All TVs have a maximum contrast setting, above which you?re not making the image any brighter,?you?re just making near-white objects totally white.

If you?re using a setup disc, the contrast pattern will have a ramp of progressively whiter bars. The idea is to be able see most of these (but not those labeled ?above white?).

If you?re not using a setup disc, find a TV show (ideally a live sporting event) that takes place outside. Skiing works great for this, though baseball does as well (fly balls, any shot of the sky). The idea is to be able to set the control so that you can still see detail in bright white objects. There should almost never be bright white blobs on the screen. If there are, turn the contrast control down until those blobs get their detail back.

There is no average number to use as a guideline for setting?contrast, but it?s almost never 100 percent,?or anything close. Start somewhere around 80 percent and go from there.

Brightness
This is the opposite of the contrast control. Despite its name, brightness control adjusts the dark parts of the image: Shadows, black hair, black leather jackets. The idea here is to set it low enough that the picture has lots of contrast (as in, the difference in the light and dark parts of the image), but not so far that there?s just huge swaths of blackness on screen during any night scene.

If you?re using a setup disc, the brightness pattern will have a ramp of progressively darker black bars. The idea is to be able see most of these (but not those labeled ?below black? or similar).

If you?re setting this by eye, any night or darkly lit scene will do. Set the control fairly low, down?past the point where you lose detail. Now gradually increase it until you see detail in the darkness. If the picture looks gray or washed out, you?ve brought your brightness too far up.

Color?and?tint
Generally speaking, you shouldn?t have to adjust these at all. These are holdovers from the old tube (CRT) TV days. With component and HDMI connections, the TV shouldn?t need adjustment to color or tint.

But so you know, color is color saturation. Set too high, people will look sunburned, and everything will seem cartoony. Tint adjusts the green/red in the image (Martian/lobster). Without specific color filters (that usually come with setup discs), you can?t adjust either of these settings these correctly. Skip.

Sharpness
This is a highly misleading control. Generally speaking, sharpness control adds enhancement to the image to make it appear sharp. Ironically, by doing so, it?s actually masking true fine detail in the image. This setting should be set as low as possible. Some TVs actually?soften?the image if you set it too low (bizarre, to be sure), so watch out for that. Look for dark lines on a bright background, like the?edges of buildings for instance. Lower this setting so there isn?t any ghost line next to the dark edge. This ghost line is called ?edge enhancement,? and goes a long way in making the image look artificial.

Once you get used to the naturalness of the image without edge enhancement, you?ll never go back.

Color temperature
This one is going to be tough. Not because it requires any labor on your part, it?s just going to do something to the image that at first is going to seem bad.

Color temperature is how bluish or reddish the image looks. Picture a typical scene of people walking down a street. Set the color temp too cool, and it will look like they?re walking down the street in winter, with that season?s normal bluish tones. Set the color temp too warm, and it will be a reddish warm day instead.

With most TVs, the ideal setting is ?warm? or ?low.? In some cases, this is too warm, and ?normal? is closer. If you?re changing the settings for the first time, and the TV was set in the ?cool? color temp mode, everything will look wrong, and even??normal? will appear to your eye as too warm. Give your eyes time to adjust. Watch on ?normal? for a few hours, and then ?cool? will seem incredibly blue.

Backlight
This is an LCD-specific control ??plasma TVs don?t have backlights.?Think of the backlight setting as a volume control for the image. Turn it up, and the entire picture (bright whites and dark blacks alike) get brighter. Turn it down, and everything gets darker.?

If you leave this turned all the way up, not only are you wasting energy, but at night your TV can be hard to watch. Modern LCDs are extremely bright, and watching such a small bright object in a dark room can create severe eye fatigue.

For critical viewing, or watching at night, the idea is to get the best black levels, while still creating a watchable image. Once you set contrast and brightness correctly, turn the backlight control all the way down. This will likely be too dark for most viewing. Turn it up to the point where it looks the best. Often, at night, this could be as low as 20 percent, depending on the TV.?During the day, you can?set this as high as you want.

Interestingly, no setup disc offers instructions on how to set this control.?Read more on this in our?buyer-beware article on TV backlights.

For more on what your HDTV?s controls do, read our?Guide to HDTV Settings.

You can catch up with?Geoff Morrison on Twitter at?@TechWriterGeoff. His novel, "Undersea," is now in paperback.

More?from HD Guru:

Source: http://www.nbcnews.com/technology/gadgetbox/how-set-your-new-hdtv-1C7657756

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Wednesday, December 26, 2012

Newport Beach REO Homes for Sale | Market Update | November ...

Newport Beach REO home buyers?face the challenge of competing with?multiple offers?on the properties. This is not only happening with REO property but with traditional sales as well. ?Also, Newport Beach REO ?or bank owned home buyers are competing with?cash buyers?when making an offer on the home.

Bayshores in Newport Beach

Newport Beach?currently has an?inventory of REO or bank owned homes. Currently there are 2 active listings, 0 in back up status, 4 in pending status, and 2 sales.

The average sales price over the past one year is $713,388 with a price per square foot of $390.00. T\

The highest priced Newport Beach REO home sold this past year was $2,030,000 (time frame from November 30, 2011 to November, 30, 2012).

Comparison from prior month is below.

2 active listings?compared to 0 active in October, 2012 ? up +2
0 back up listing?compared to 0 back up in?October,?2012 ? the same
4 pending listings?compared to 7 pending in?October,?2012 ? down -3
2 sold listings?compared to 6 sold in?October,?2012 ? down -4

There is a low?absorption rate ?of the REO property, especially now since there are zero active REO properties for sale.?Keep in mind banks will want fair market value and go to great lengths to obtain that value, including obtaining several BPO (broker price opinions) and appraisals.

Market absorption rate?is declining with the decrease in inventory.

Newport Beach REO Market Update

Past month?s market reports:

November, 2012
October, 2012
September, 2012
August, 2012
July, 2012
June, 2012
May, 2012
April, 2012
March, 2012
February, 2012
January, 2012

Search the MLS for Newport Beach REO property, and Newport Beach homes for sale.

Showing properties 1 - 2 of 2. See more Newport Beach REO Property for Sale.
(all data current as of 12/26/2012)

  1. 5 beds, 1 full, 4 part baths

    Home size: 6,000 sq ft

    Lot size: 10,450 sqft

    Year built: 2012

    Parking spots: 4

    Days on market: 13

  2. 3 beds, 2 full baths

    Home size: 1,129 sq ft

    Year built: 1975

    Parking spots: 3

    Days on market: 15

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Sharon Paxson

I write about my passion of living the SoCal lifestyle in beautiful Newport Beach. I like to write about the local events, beaches, restaurants, and real estate updates in the area. Call or text me - 949.280.0681

More Posts - Website - Twitter - Facebook - Google Plus

Source: http://newportbeachrealestatecafe.com/2012/12/26/newport-beach-reo-homes-for-sale-market-update-november-2012/

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No threat to game sales from Connecticut shooting, says analyst ...

No threat to game sales from Connecticut shooting, says analyst

Cowan & Company analyst Doug Creutz is convinced that the Sandy Hook Elementary School shooting incident will have little to no impact on the sales of video games, even the ones depicting violence.

He assured the worried investors that video games will continue to sell well in the market irrespective of a new legislation, which seems highly likely with West Virginia Democrat senator Jay Rockefeller introducing a bill in the Congress for investigation of effects of violent games on children and their well-being.

Creutz also stated that the consumer backlash in the wake of tragic Connecticut shooting would be minor at most and will therefore not result in significant losses at all.

?We have received many questions from investors about the potential impact of the recent tragedy in Newtown on our covered universe of video game publisher stocks,? Creutz said. ?While this is a difficult issue to address due to the intense emotions surrounding the incident, we have attempted to present a summary of the relevant facts herein.?

The Cowan & Company analyst noted that the Supreme Court?s ruling last week, which deemed sales of violent games to children is in direct violation of the First Amendment, has laid down a solid ground for any attempts to regulate sales of video game to be struck down immediately.

Addressing the bill introduced by Rockefeller in Congress, Creutz contended that majority of the adults have already established an opinion about the effect of video game violence and real world violence and these opinions will not change that easily.

The bill introduced in Congress would task the National Academy of Sciences (NAS) to carry out a comprehensive study and investigation of the effects of violence in video games and other programming and their effects on the minds and well-being of children.

Creutz claimed that retailer checks with Amazon has revealed that first-person shooters such as Call of Duty: Black Ops II and Halo 4 are continuing to do really well in terms of market performance, thus making it quite obvious that the consumer behaviour has hardly been affected by the shooting at Sandy Hook Elementary School.

Source: http://blogs.bettor.com/No-threat-to-game-sales-from-Connecticut-shooting,-says-analyst-a210857

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