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Suddenly, the word "compromise" is back in vogue. Newly re-elected President Obama talked about it Election Night. So did House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev. But we didn't hear it from Senate Minority Leader Mitch McConnell, R-Ky.

CHICAGO, Nov. 11 (UPI) -- Suddenly, the word "compromise" is back in vogue.

Newly re-elected President Barack Obama talked about it Election Night. So did House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nev.

But we didn't hear it from Senate Minority Leader Mitch McConnell, R-Ky., and therein lies the rub as the end of the year approaches and the so-called "fiscal cliff" looms.

"The American people did two things: They gave President Obama a second chance to fix the problems that even he admits he failed to solve during his first four years in office, and they preserved Republican control of the House of Representatives," McConnell said in a statement, ignoring the Senate Republican filibusters that prevented many of the administration's initiatives from going forward.

"The voters have not endorsed the failures or excesses of the president's first term, they have simply given him more time to finish the job they asked him to do together with a Congress. ...

"Now it's time for the president to propose solutions that actually have a chance of passing the Republican-controlled House of Representatives and a closely divided Senate, step up to the plate on the challenges of the moment, and deliver in a way that he did not in his first four years in office.

"To the extent he wants to move to the political center, which is where the work gets done in a divided government, we'll be there to meet him halfway."

If recent history is any guide, that halfway point to which McConnell alludes is the Republican point of view.

Economic analysts have been warning for months that allowing the Bush-era tax cuts to expire coupled with the draconian spending cuts adopted as an incentive to get Congress to do something about tax reform would spell economic disaster for the United States.

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Fiscal cliff: Compromise or hope for the best

Microsoft's confirmation of an Office Mobile app that will let users of iOS and Android devices view and edit Word, PowerPoint and Excel files on their mobile devices raises, if you're willing to give it some thought, a philosophical -- or perhaps at least sociological -- question.

Are we fast finding ourselves in a world where we are never not "at work?"

It's a question that perhaps surfaced with the "crackberry" phenomenon when young, eager business types would almost go into a panic and withdrawal if they suddenly found themselves disconnected from work email or unable to be instantly and electronically in touch with the "home office."

Businesses now seem happy to embrace BYOD -- the "bring your own device" policy that folds workers' own mobile devices into the work environment and its "all connected all the time" ecosystem.

"Taking work home" used to mean a folder in a briefcase that you'd look at once you arrived home after dinner with friends at a restaurant.

These days it is increasingly not just taking work home but taking work everywhere -- including the restaurant.

Watch a group of workers meeting after hours at the sushi bar, and note the chopsticks in one hand and the smartphone in the other.

Now, more than just emailing and texting, they may soon be truly "back at the office" once Microsoft's Office Mobile debuts.

And although Office Mobile for iOS and Android will be free, Microsoft is not being philanthropic.

Users can view their Word, PowerPoint and Excel files, but if they want to modify or edit them, they'll have pony up for a subscription to the full Microsoft Office suite in the cloud.

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SciTechTalk: All work and no play?

DGAP-News: Lotto24 AG / Key word(s): Quarter Results Lotto24 AG: Press release on the first nine months of 2012 - Lotto24 AG reaches milestones for nationwide launch

12.11.2012 / 07:24

Press release on the first nine months of 2012

Lotto24 AG reaches milestones for nationwide launch

- Lotto24 receives permit for online brokerage of state lotteries - No significant revenues yet, earnings strongly affected by start-up investments

(Hamburg, 12 November 2012) Lotto24 AG today publishes figures for the third quarter of its fiscal year 2012. Following its successful IPO in July, Lotto24 AG was one of the first private German companies to receive a five-year permit in late September for the online brokerage of state lotteries - albeit with several restrictions that continue to hamper the development of business. Although the permit generally lays the foundation for nationwide operations, its late issue means that no significant revenues could be generated in the third quarter. The companys earnings in the first nine months were strongly affected by start-up investments.

The permit issued in late September contains several restrictive provisions, especially with regard to the protection of minors and a regionalization duty. The latter forces the company to submit tickets in the federal state of the respective player and to conclude agreements and create IT interfaces with all 16 state lottery companies. Moreover, Lotto24 is still not allowed to advertise its online products on national TV or via the Internet. This requires an additional advertising permit, which will not be issued until December at the earliest - once the First State Treaty to Revise the State Treaty on Games of Chance (GlndStV) has come into force in North-Rhine Westphalia.

As a result of these restrictions, business in the first nine months of the year was still extremely limited: from stakes received solely in Schleswig-Holstein of EUR 129 thousand, Lotto24 AG generated revenue of EUR 8 thousand (prior year: EUR - thousand), while losses before interest and taxes (EBIT) reached EUR -2,694 thousand (prior year: EUR -133 thousand). The increase in loss recorded resulted mainly from costs for the spin-off and IPO of Lotto24, as well as start-up expenses incurred to develop the business. Net loss for the period rose to EUR -2,354 thousand (prior year: EUR -110 thousand). Earnings per share amounted to EUR -0.19.

Outlook

Lotto24 has been enabling customers in 10 federal states (Baden-Wrttemberg, Bavaria, Berlin, Brandenburg, Hamburg, Hesse, Lower Saxony, Rhineland-Palatinate, Saxony and Schleswig-Holstein) to participate in the German state-run lottery (Lotto) via the Internet since early October. The company expects that all remaining state lottery companies will be connected by the end of the first quarter of 2013 and that online brokerage of lottery products will once again be possible in all federal states. In order to make the required age verification process as efficient as possible for its customers, Lotto24 has developed a new system which has been operational since October.

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DGAP-News: Lotto24 AG: Press release on the first nine months of 2012 - Lotto24 AG reaches milestones for nationwide ...

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