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AMSA Celebrates 50th Medical Student Conference In Brisbane
The 2009 Australian Medical Students" Association (AMSA) Convention begins on Monday with 850 future doctors joining leaders in health and politics to debate the hot issues in healthcare.
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UAW To Accept Up To 20% Of GM Stock; Agrees To Concessions On Retiree Health Care Obligations, Labor Rules
United Auto Workers leaders on Tuesday agreed to accept up to 20% of General Motors stock, as well as concessions on labor rules and retiree health care obligations, as the automaker faces a June 1 deadline to restructure or seek bankruptcy protection, the Detroit News reports (Aguilar/Shepardson, Detroit News, 5/27). Under the deal, the voluntary employees" beneficiary association would receive 17.5% of common GM stock, $6.5 billion of preferred shares, a $2.5 billion note and warrants equal to 2.5% of GM"s stock (Reuters/USA Today, 5/27). In addition, the VEBA would receive $585 million annually in interest income on its preferred stock (Detroit News, 5/27). Another concession included in the tentative deal is the elimination of dental, vision and some prescription drug coverage for hourly retirees (Shepardson/Aguilar, Detroit News, 5/26). UAW also would hold a seat on the GM board of directors (Cho et al., Washington Post, 5/27).Because of a proposed deal announced earlier this month, the Treasury Department and UAW, together, are to own 89% of GM"s stock, meaning that if the UAW-GM deal is approved, the Treasury would own about a 70% share of GM"s stock (Detroit News, 5/26). Current bondholders would hold about a 10% stake in the company (Washington Post, 5/27). The remaining 1% would be held by existing shareholders (Detroit News, 5/26).The total 20% is about half of what was anticipated (Higgins, Detroit Free Press, 5/26). The "significant concessions" made by UAW, which was eligible to receive up to 39% of GM"s equity through the VEBA, "could mean that [GM] is attempting to appease unsecured bondholders, who charged that the UAW was getting a better deal," according to the News (Detroit News, 5/27). UAW said the revised agreement with GM was necessary for the automaker to survive, but the deal will leave hundreds of thousands of GM retirees paying higher out-of-pocket medical expenses, the Wall Street Journal reports (Stoll et al., Wall Street Journal, 5/27).UAW members are scheduled to vote on the agreement on Wednesday and Thursday (Detroit News, 5/26). However, "[e]ven with UAW approval, GM is still likely to file for bankruptcy, since bondholders are unlikely to swallow deep concessions," according to the News (Detroit News, 5/27).
News of the day
Two Fred Hutchinson Cancer Research Center Scientists Receive Presidential Early Career Award
President Obama has announced that two Fred Hutchinson Cancer Research Center investigators have been awarded the nation"s highest honor for scientists at the beginning of their independent research careers. Basic scientist Harmit Singh Malik, Ph.D., and cancer-prevention researcher Ulrike "Riki" Peters, Ph.D., are among 100 researchers to receive the prestigious 2008 Presidential Early Career Award for Scientists and Engineers (PECASE). Each will be honored in a ceremony this fall at the White House.
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The 10th International Conference On Systems Biology Comes To Stanford University

Registration is underway for the 10th International Conference on Systems Biology (ICSB). The conference will be held at Stanford University from August 30th - September 4th. "This is the first time the International Conference on Systems Biology has come to the San Francisco Bay Area. Commemorating the ICSB"s tenth anniversary at the birthplace of both recombinant DNA and the personal computer industry seems appropriate," said Stephen Quake, member of the local ICSB organizing committee and Professor of Bioengineering & Applied Physics at Stanford and the Howard Hughes Medical Institute. "The bay area is home to some of the most significant academic and industrial efforts in systems biology -- most notably biotechnology, informatics and computing," he continued. ICSB celebrates and investigates achieving a systems-level understanding of biology. By integrating experimental and computational approaches, Systems Biology explores the basic structures and properties of biological networks, how biological systems behave over time under various conditions, how biological systems maintain robustness and stability, and how modification or construction of biological systems achieve desired outcomes. System Biology is driving breakthroughs in fields as varied as biology, chemistry, computer science, engineering, mathematics and others, together with an evolution of our social and educational structures so different disciplines can effectively bridge traditional, cultural, linguistic, conceptual, and experimental boundaries. For more information about the 10th International Conference on Systems Biology, please visit http://www.icsb-2009.org To register for ICSB, please visit http://www.icsb-2009.org/registration.php Entry to ICSB is free to accredited media, including full access to the partnering system, sessions, press conferences, and workshops. International Conference on Systems Biology


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