Study: People worldwide living longer, but sicker


LONDON (AP) — Nearly everywhere around the world, people are living longer and fewer children are dying. But increasingly, people are grappling with the diseases and disabilities of modern life, according to the most expansive global look so far at life expectancy and the biggest health threats.


The last comprehensive study was in 1990 and the top health problem then was the death of children under 5 — more than 10 million each year. Since then, campaigns to vaccinate kids against diseases like polio and measles have reduced the number of children dying to about 7 million.


Malnutrition was once the main health threat for children. Now, everywhere except Africa, they are much more likely to overeat than to starve.


With more children surviving, chronic illnesses and disabilities that strike later in life are taking a bigger toll, the research said. High blood pressure has become the leading health risk worldwide, followed by smoking and alcohol.


"The biggest contributor to the global health burden isn't premature (deaths), but chronic diseases, injuries, mental health conditions and all the bone and joint diseases," said one of the study leaders, Christopher Murray, director of the Institute of Health Metrics and Evaluation at the University of Washington.


In developed countries, such conditions now account for more than half of the health problems, fueled by an aging population. While life expectancy is climbing nearly everywhere, so too are the number of years people will live with things like vision or hearing loss and mental health issues like depression.


The research appears in seven papers published online Thursday by the journal Lancet. More than 480 researchers in 50 countries gathered data up to 2010 from surveys, censuses and past studies. They used statistical modeling to fill in the gaps for countries with little information. The series was mainly paid for by the Bill & Melinda Gates Foundation.


As in 1990, Japan topped the life expectancy list in 2010, with 79 for men and 86 for women. In the U.S. that year, life expectancy for men was 76 and for women, 81.


The research found wide variations in what's killing people around the world. Some of the most striking findings highlighted by the researchers: — Homicide is the No. 3 killer of men in Latin America; it ranks 20th worldwide. In the U.S., it is the 21st cause of death in men, and in Western Europe, 57th.


— While suicide ranks globally as the 21st leading killer, it is as high as the ninth top cause of death in women across Asia's "suicide belt," from India to China. Suicide ranks 14th in North America and 15th in Western Europe.


— In people aged 15-49, diabetes is a bigger killer in Africa than in Western Europe (8.8 deaths versus 1 death per 100,000).


— Central and Southeast Asia have the highest rates of fatal stroke in young adults at about 15 cases per 100,000 deaths. In North America, the rate is about 3 per 100,000.


Globally, heart disease and stroke remain the top killers. Reflecting an older population, lung cancer moved to the 5th cause of death globally, while other cancers including those of the liver, stomach and colon are also in the top 20. AIDS jumped from the 35th cause of death in 1990 to the sixth leading cause two decades later.


While chronic diseases are killing more people nearly everywhere, the overall trend is the opposite in Africa, where illnesses like AIDS, malaria and tuberculosis are still major threats. And experts warn again shifting too much of the focus away from those ailments.


"It's the nature of infectious disease epidemics that if you turn away from them, they will crop right back up," said Jennifer Cohn, a medical coordinator at Doctors Without Borders.


Still, she acknowledged the need to address the surge of other health problems across Africa. Cohn said the agency was considering ways to treat things like heart disease and diabetes. "The way we treat HIV could be a good model for chronic care," she said.


Others said more concrete information is needed before making any big changes to public health policies.


"We have to take this data with some grains of salt," said Sandy Cairncross, an epidemiologist at the London School of Hygiene and Tropical Medicine.


He said the information in some of the Lancet research was too thin and didn't fully consider all the relevant health risk factors.


"We're getting a better picture, but it's still incomplete," he said.


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Online:


www.lancet.com


http://healthmetricsandevaluation.org


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Documents: Prisoner plotted to kill Justin Bieber


LAS CRUCES, N.M. (AP) — An imprisoned man whose infatuation with Justin Bieber included a tattoo of the pop star on his leg has told investigators in New Mexico he hatched a plot to kill him.


Court documents in a New Mexico district court say Dana Martin told investigators he persuaded a man he met in prison and the man's nephew to kill Bieber, Bieber's bodyguard and two others not connected to the pop star.


He told investigators that Mark Staake and Tanner Ruane headed east, planning to be near a Bieber concert scheduled in New York City. They missed a turn and crossed into Canada from Vermont. Staake was arrested on an outstanding warrant. Ruane was arrested later.


The two men face multiple charges stemming for the alleged plot.


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Illinois foreclosures up for 11th month









Foreclosure activity in Illinois posted the 11th straight year-over-year increase in November, but compared with a month earlier, filings are trending in the right direction, according to new data released Thursday.

RealtyTrac said the 13,520 properties within the state that received a foreclosure notice last month was a decrease of 9 percent from October but up 9 percent from November 2011. last month's activity, which equated to one out of every 392 homes in the state receiving a notice, gave Illinois the nation's third-highest state foreclosure rate, surpassed by only Florida and Nevada.

In the Chicago-area counties of Cook, DuPage, Kane, Kendall, Lake and Will, almost 11,000 homes received a foreclosure notice in November, a decrease of 10.5 percent from October's level of activity but up 1.6 percent from November 2011

Most of that activity was in Cook County, where about 2,299 homes received initial notices of default, another 2,651 homes were scheduled for court-ordered sales and 2,086 homes were repossessed by lenders.

Among the nation's metropolitan areas, Rockford and Chicago ranked 11th and 13th, respectively, in terms of their foreclosure rates.

Nationally, the number of homes that were repossessed by lenders and became bank-owned rose on a year-over-year basis for the first time  since October 2010, the company said. In November, more than 59,000 homes across the country were repossessed, an increase of 11 percent from October and 5 percent from November 2011.

"The drop in overall foreclosure activity in November was caused largely by a 71-month low in foreclosure starts for the month, more evidence that we are past the worst of the foreclosure problem brought about by the housing bubble bursting six years ago," said Daren Blomquist, a company vice president. "But foreclosures are continuing to hobble the U.S. housing market as lenders finally seize properties that started the process a year or two ago, and much longer in some cases."

mepodmolik@tribune.com | Twitter @mepodmolik

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Aldermen OK $6 million in drunk city worker case









The City Council today voted to pay $6.25 million to a man who suffered brain damage and permanent disability when he was hit by a drunken city worker who plowed his pickup truck into a crowd on a Gold Coast sidewalk.


The tab for the city following the May 2011 crash is expected to increase — three additional lawsuits on behalf of four other victims are pending, city attorney Leslie Darling said earlier this week.


The $6.25 million payment settles a case brought by Richard Chang, who was pinned under the truck, and his wife Leeann Chang, who sustained far less severe injuries. They accused the city of failing to properly supervise Dwight Washington, who is serving a 9-year prison term after pleading guilty to four counts of aggravated driving under the influence of alcohol.





Chang, who was a computer scientist earning $80,000 a year, suffered brain injuries and “cannot return to his profession and is not expected to achieve his previous level of independence,” Ald. Edward Burke, 14th, chairman of the Finance Committee, said Monday.


Chang already has spent $572,000 on medical expenses, Burke added, calling the incident “a sad tale.”


Other crash victims included nanny Jennifer Anton, who was pushing a stroller with a 20-month-old girl and shoved the child out of harm’s way before she was hit and severely injured.


An open bottle of brandy was found stuck under the gas pedal in the city truck driven by Washington, whose blood-alcohol level was measured after the crash at .183 percent, more than twice the legal limit.


The council also voted to pay $750,000 to the estate of Juhnna Hardin, 35, who was killed in November 2006 when her car was hit by a police squad car driven by Officer Mark Farmer in the intersection of 79th Street and South Loomis Boulevard.


The suit alleged that Farmer sped through an intersection without checking for traffic. “While the officer was responding to an emergency, evidence contradicts his statements that he entered on a green light at a slow speed,” Darling said.


Aldermen also approved a $500,000 settlement in the case of Kentrell Reese, a teen who was shot and wounded by Officer Michael Pettis in July 2007.


“If this case were to proceed to trial, the city would face great difficulty overcoming Officer Pettis’ conflicting statements as to why he shot 14-year-old Reese,” Darling said. “Further, plaintiff will be sympathetic to the jury by virtue of the fact that he was an unarmed 14-year-old who had . . . Police Department employees testifying on his behalf.”



The City Council today voted to pay $6.25Ö millionÖ to a man who suffered brain damage and permanent disability when he was hit by a drunken city worker who plowed his pickup truck into a crowd on a Gold CoastÖ sidewalk.


The tab for the city following the MayÖ 2011Ö crash is expected to increase threeÖ additional lawsuits on behalf of fourÖ other victims are pending, city attorney LeslieÖ Darling said earlier this weekÖ said  .


The $6.25 million payment settles a case brought by RichardÖ ChangÖ, who was pinned under the truck, and his wife LeeannÖ Chang, who sustained far less severe injuries. They accused the city of failing to properly supervise Dwight WashingtonÖ, who is serving a 9-yearÖ prison term after pleading guilty to four counts of aggravated driving under the influence of alcohol. per March 2012 clip and IDOC web search


Chang, who was a computer scientist earning $80,000 a year, suffered brain injuries and “cannot return to his profession and is not expected to achieve his previous level of independence,” Ald. Edward BurkeÖ, 14thÖ, chairman of the Finance CommitteeÖ, said MondayÖ. Chang already has spent $572,000 on medical expenses, Burke added, calling the incident “a sad tale.”


Other crash victims included nanny JenniferÖ AntonÖ, who was pushing a stroller with a 20-month-old girl and shoved the child out of harm’s way before she was hit and severely injured.


An open bottle of brandy was found stuck under the gas pedal in the city truck driven by Washington, whose blood-alcohol level was measured after the crash at .183Ö percent, more than twice the legal limit.


The council also voted to pay $750,000Ö to the estate of JuhnnaÖ Hardin, 35, who was killed in November 2006Ö when her car was hit by a police squad car driven by Officer Mark Farmer in the intersection of 79th Street and South Loomis BoulevardÖ.


The suit alleged that Farmer sped through an intersection without checking for traffic. “While the officer was responding to an emergency, evidence contradicts his statements that he entered on a green light at a slow speed,” Darling said.


Aldermen also approved a $500,000Ö settlement in the case of KentrellÖ ReeseÖ, a teen who was shot and wounded by Officer Michael PettisÖ in July 2007Ö.


“If this case were to proceed to trial, the city would face great difficulty overcoming Officer Pettis’ conflicting statements as to why he shot 14-year-old Reese,” Darling said. “Further, plaintiff will be sympathetic to the jury by virtue of the fact that he was an unarmed 14-year-old who had . . . Police Department employees testifying on his behalf.”






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Facebook unveils new privacy controls


SAN FRANCISCO (Reuters) - Facebook Inc began rolling out a variety of new privacy controls on Wednesday, the company's latest effort to address user concerns about who can see their personal information on the world's largest social network.


New tools introduced on Wednesday will make it easier for Facebook's members to quickly determine who can view the photos, comments and other information about them that appears on different parts of the website, and to request that any objectionable photos they're featured in be removed.


A new privacy "shortcut" in the top-right hand corner of the website provides quick access to key controls such as allowing users to manage who can contact them and to block specific people.


The new controls are the latest changes to Facebook's privacy settings, which have been criticized in the past for being too confusing.


Facebook Director of Product Sam Lessin said the changes were designed to increase users' comfort level on the social network, which has roughly one billion users.


"When users don't understand the concepts and controls and hit surprises, they don't build the confidence they need," said Lessin.


Facebook, Google Inc and other online companies have faced increasing scrutiny and enforcement from privacy regulators as consumers entrust ever-increasing amounts of information about their personal lives to Web services.


In April, Facebook settled privacy charges with the U.S. Federal Trade Commission that it had deceived consumers and forced them to share more personal information than they intended. Under the settlement, Facebook is required to get user consent for certain changes to its privacy settings and is subject to 20 years of independent audits.


Facebook's Lessin said some users don't understand that the information they post on their Timeline profile page is not the only personal information about them that may be viewable by others. Improvements to Facebook's so-called Activity Log will make it easier for users to see at a glance all the information that involves them across the social network.


Facebook also said it is changing the way that third-party apps, such as games and music players, get permission to access user data. An app must now provide separate requests to create a personalized service based on a user's personal information and to post automated messages to the Facebook newsfeed on behalf of a user - previously users agreed to both conditions by approving a single request.


The revamped controls follow proposed changes that Facebook has made to its privacy policy and terms of service. The changes would allow Facebook to integrate user data with that of its recently acquired photo-sharing app Instagram, and would loosen restrictions on how members of the social network can contact other members using the Facebook email system.


Nearly 600,000 Facebook users voted to reject the proposed changes, but the votes fell far short of the roughly 300 million needed for the vote to be binding, under Facebook's existing rules. The proposed changes also would eliminate any such future votes by Facebook users.


(Reporting By Alexei Oreskovic)



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Lawmaker: NFL players 'trying to back out' on HGH


WASHINGTON (AP) — A congressman accused the NFL Players Association of "trying to back out" of an agreement to start testing for human growth hormone in pro football.


Speaking at a House Oversight and Government Reform Committee hearing about the science behind the testing, Rep. Elijah Cummings of Maryland, the panel's ranking Democrat, noted Wednesday that nearly two full NFL seasons have passed since the league and the players' union signed a labor deal in August 2011 that set the stage for adding HGH to the sport's drug program.


The NFLPA won't concede the validity of a test that's used by Olympic sports and Major League Baseball, and the sides haven't been able to agree on a scientist to help resolve that impasse. HGH is a banned substance that is hard to detect and used by athletes for what are believed to be a variety of benefits, whether real or only perceived — such as increasing speed or improving vision.


"They say they need more time ... before doing what they agreed to do. To me, it seems obvious the Players Association is simply running out the clock," Cummings said in his opening statement. "Although they agreed to HGH testing, they are now trying to back out of the contract."


Cummings and committee chairman Darrell Issa, a California Republican, both said additional hearings are expected.


"It is our hope (to) move these parties closer together," Issa said.


Issa also said there could be a connection between head injuries in football and the use of HGH, "based in part on the strength of the players hitting each other."


The committee did not ask anyone from the league or union to testify Wednesday. Witnesses included Pro Football Hall of Fame member Dick Butkus, U.S. Anti-Doping Agency Chief Science Officer Larry Bowers, and National Institutes of Health Deputy Director Lawrence Tabak.


Bowers told the committee "there is a broad consensus among scientific experts who regularly work in the growth hormone field" that the test is reliable and valid, and that "the chances of an athlete who has not used synthetic growth hormone testing positive are comparable to the chance of that same athlete being struck by lightning during his or her lifetime."


He closed by saying: "I would like to point out that the only people who are still questioning the methodology and validity of the ... test are lawyers, not scientists."


Tabak said many studies vouch for the reliability of HGH testing, even though the naturally occurring hormone and the artificial form are tough to tell apart.


He also pointed out the "serious risks" to athletes who give themselves HGH.


Even once scientific issues are resolved, there will be other matters the league and union need to figure out, including who administers the test and what the appeals process will be. The latter could be of particular import in the aftermath of the decision in the New Orleans Saints' bounty case Tuesday, when NFL Commissioner Roger Goodell's suspensions of four players were tossed aside by former Commissioner Paul Tagliabue.


The collective bargaining agreement that ended the NFL lockout 16 months ago included a provision for HGH testing — but only once the NFLPA approved the process.


"First, I applaud the NFL and players for taking a bold and decisive position on HGH in their 10-year agreement. Now let's get on with it," Butkus told the committee. "The HGH testing process is proven to be reliable. It's time to send a clear message that performance-enhancing drugs have no place in sports, especially the NFL."


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Connect with Howard Fendrich on Twitter at http://twitter.com/HowardFendrich


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Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Why Netflix’s future is in “House of Cards,” “Arrested Development” – not Disney






LOS ANGELES/NEW YORK (TheWrap.com) – Netflix hailed as a “game-changer” its landmark deal last week to bring Disney movies to the streaming service. But while that deal may be significant, it pales in importance next to another looming development – the February debut of its original series “House of Cards.”


The economic benefits of the Disney deal, which gives the company streaming rights to much of Disney‘s catalog and straight-to-DVD movies as well as the exclusive rights to the studio’s new movies from 2016 to 2018, won’t be felt for years.






But the rollout of new, made-for-Netflix shows, which moves the company into a game owned by broadcast and cable – and follows a model set by everyone from HBO to AMC – will be a near-term bellwether of the company’s future success, analysts and observers say.


“You don’t identify a movie you watch on TV with a channel, but you definitely identify an original series with a channel,” Michael Pachter, an analyst with Wedbush Securities, told TheWrap. “What Netflix is doing with its original series is getting something exclusive that makes you have to go to Netflix if you want to see it. It’s branding.”


They include the long-awaited rebirth of cult favorite “Arrested Development” and original pieces like Eli Roth’s “Hemlock Grove,” Jenji Kohan’s “Orange Is the New Black” and “House of Cards,” from director David Fincher and starring Kevin Spacey.


Like “Lilyhammer,” all episodes of the shows’ first seasons will be released at once, allowing for binge viewing by Netflix subscribers.


The Disney deal is momentous in that it marks the first time a digital pay-TV distributor has earned exclusive rights to a major studio’s new releases. Both analysts and studio executives say Netflix will pay more than $ 300 million a year for those rights, a startling sum for a company that has minimized the importance of films. Netflix has declined to discuss any figures.


Some analysts argue the Disney deal is a positive development, but one that will not move the needle when it comes to attracting new members.


Netflix customers will like it when Disney movies show up, but not many people will want to sign up for Netflix because they have 15 new movies a year I want to see,” Pachter said.


That’s why Netflix bankrolled “Arrested Development,” a show canceled by Fox in 2006 that still has a small but loyal audience, one that will assuredly watch the new season on Netflix. That’s also why it has invested in so many new shows from established artists like Kohan, who created “Weeds,” and Roth, a successful horror filmmaker.


While the company’s first foray into original programming – Steven Van Zandt’s “Lilyhammer” – didn’t make much of a splash, the new shows debuting next year look far more promising.


It also has committed a reported $ 100 million for two seasons of “House of Cards,” as well as offering complete creative freedom to Fincher and his team.


The money the streaming service spends on its own shows is a pittance compared to what it shells out in licensing deals, but that original content will distinguish Netflix from competitors in broadcast, like HBO, and in digital, like Amazon.


“Everybody is trying to get their brand to the top of people’s minds, and sometimes that requires a substantial expenditure and doing something different, like original production,” Bill Carroll, vice president and director of programming at Katz Television Group, told TheWrap.


More than any of its competitors in the streaming-video market, Netflix is attempting to transform itself into a digitized form of HBO, which began by airing studio movies.


HBO later added lower-cost programming, such as stand-up comedy shows, and eventually original series and films. Showtime, Starz and others soon followed.


Because it is not locked into a schedule, Netflix can host an unlimited amount of programming and owns a wealth of information about its subscribers to tailor its offerings to specific viewers and track their success.


Figuring out just what constitutes a “hit,” however, will be difficult. As it has with previous original shows like “Lilyhammer,” Netflix will not release viewing numbers for its upcoming shows. The company stresses that immediate viewing is less important than developing a loyal following over time.


As for the Disney deal, Netflix already had rights to films from that studio and Sony under an agreement with Starz, which in September 2011 opted not to renew its deal.


“They got something they used to have and had to pay a lot more money for it,” Seth Willenson, a library-valuation expert, producer and former studio executive told TheWrap.


So what changed? Exclusivity.


Disney’s new releases will appear on Netflix during the same window when they would have been showing on an HBO or another pay channel. It also means that new rivals, such as Amazon and Hulu Plus, won’t be getting the latest “Avengers” sequel at the same time – or the upcoming series of new “Star Wars” films.


“The argument is that what they are getting now from Disney will only be on Netflix,” Vasily Karasyov, an analyst with Susquehanna told TheWrap. “What they were getting before was only on Starz. It’s more exclusive. They are trying to do what Starz did in the ’90s and buy up rights and put it on the map.”


At the UBS conference last week in New York, Chief Creative Officer Ted Sarandos teased the possibility of pursuing exclusive deals with more studios as well.


This new attraction to movies represents a change of tune for the Los Altos, Calif.-based company. After all, Netflix has been publicly dismissive in recent months of film’s importance to its service, stressing its viewers’ penchant for binge-watching television shows, like AMC’s “Breaking Bad” and “Mad Men.”


About 60 percent of Netflix viewing time is spent on TV, a number that has only grown in recent years. Exclusivity increasingly motivates its decision-making on the TV side as well, which is one reason it allowed its deal with A&E Networks to expire in September, taking shows like “Storage Wars” and “Hoarders” off Netflix.


And nothing is more exclusive than content you fund yourself.


“It wants content unique to its platform,” Karasyov said. “No one says, ‘Come to my website because we have the same stuff everyone else does.’”


TV News Headlines – Yahoo! News


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Congress examines science behind HGH test for NFL


WASHINGTON (AP) — A congressional committee has opened a hearing to examine the science behind a human growth hormone test the NFL wants to start using on its players.


Nearly two full seasons have passed since the league and the players' union signed a labor deal that set the stage for HGH testing.


The NFL Players Association won't concede the validity of a test that's used by Olympic sports and Major League Baseball, and the sides haven't been able to agree on a scientist to help resolve that impasse.


Among the witnesses before the House Oversight and Government Reform Committee on Wednesday is Pro Football Hall of Fame member Dick Butkus. In his prepared statement, Butkus writes: "Now, let's get on with it. The HGH testing process is proven to be reliable."


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Marvel's young heroes face conflict, dire choices


PHILADELPHIA (AP) — Marvel's younger heroes have dealt with life-threatening challenges before in the pages of "Young Avengers" and "Avengers Academy" from foes earthbound and beyond.


Now, in "Avengers Arena" they're squaring off against each other, costume-clad pawns in a decidedly deadlier game they've no control over and no hope of escaping from in the series from Marvel Comics that came out Wednesday.


Writer Dennis Hopeless called the series — which sees 16 characters from Marvel Entertainment awake on an island run by the villain Arcade — as a chance to look at the individual characters, including Mettle, X-23 and Darkhawk, among others, and glean what type of heroes they could be, provided they survive.


And if comparisons to "The Hunger Games" or the film "Battle Royale" or even William Golding's "Lord of the Flies" arise, that's OK, he said, but ultimately the series is about individuals learning who they are and what they're willing to do to survive.


"That's the interesting thing about the concept of fighting for your life or being in a death match; it gets down to the core of who a person is. They're making decisions that are going to shape who they are as adults," said Hopeless, whose writing credits at Marvel include "Legion of Monsters" and "X-Men: Season One."


Bill Rosemann, who edits the title illustrated by artist Kev Walker, said "Avengers Arena" centers on conflict and strife between friends, and foes alike, but it also explores the deeper topic of how one generation is willing to sacrifice another.


"Go back to the myth of the minotaur and sending in the young people to sacrifice them and fight him," Rosemann said. "Look at the wars: Who do we send to fight? Our youngest generation. Reality shows? It's all young people competing. And we, as a culture, are obsessed with that."


That issue is paramount in "Avengers Arena," he said.


"Who's going to rebel, who's going to give in? Who's going to sacrifice their morals to survive? How far will people go to save their friends?" Rosemann asked. "It's young adults who are walking a fine line and we're going to find out if they're going to become the next generation of greatest heroes or the next generation of the Masters of Evil."


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Follow Matt Moore at www.twitter.com/mattmooreap


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Marvel Entertainment is owned by The Walt Disney Co.


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Online:


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Fed adds another $45B per month in stimulus









The Federal Reserve ramped up its stimulus to the economy on Wednesday, expressing disappointment with the pace of recovery in employment as contentious U.S. budget talks heighten uncertainty about the outlook.

The central bank replaced a more modest stimulus program due to expire at year-end with a fresh round of Treasury purchases that will increase its balance sheet. It committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September.

In a surprise move, the Fed also adopted numerical thresholds for policy, a step that had not been expected until early next year. In particular, the Fed said it will likely keep official rates near zero for as long as unemployment remains above 6.5 percent, inflation between one and two years ahead is projected to be no more than 2.5 percent, and long-term inflation expectations remain contained.

The Fed noted unemployment remains elevated and that inflation is running somewhat below policymakers' 2 percent objective.

"The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions," the Fed said in a statement.

Policymakers also repeated a pledge to keep buying bonds until the labor market outlook improves substantially. A drop in the jobless rate to 7.7 percent in November from 7.9 percent in October was driven by workers exiting the labor force, and therefore did not come close to satisfying that condition.

Under the "Operation Twist" program that will expire at the end of the month, the Fed was buying $45 billion in longer-term Treasuries with proceeds from the sale of short-term debt. The new round of government bond-buying it announced on Wednesday will be funded by essentially creating new money, further expanding the Fed's $2.8 trillion balance sheet.

Fed Chairman Ben Bernanke will discuss the central bank's latest decision at a news conference at 2:15 p.m. (1915 GMT).

SWEATING A WEAK RECOVERY

The Fed cut overnight interest rates to near zero in December 2008 and has bought about $2.4 trillion in bonds in a further effort to push borrowing costs lower and spur a stronger recovery.

Despite the unconventional and aggressive efforts, U.S. economic growth remains tepid. GDP grew at a 2.7 percent annual rate in the third quarter, but it now appears to be slowing sharply. According to a Reuters poll published on Wednesday, economists expect the economy to expand at just a 1.2 percent pace in the current quarter.

Businesses have hunkered down, fearful of a tightening of fiscal policy as politicians in Washington wrangle over ways to avoid a $600 billion mix of spending reductions and expiring tax cuts set to take hold at the start of 2013.

Bernanke has warned that running over this "fiscal cliff" would lead the economy into a new recession.

Fed officials will release a new set of quarterly economic and interest rate projections at 2 p.m. (1900 GMT) that could show yet another round of downward revisions to future growth prospects.

Back in September, the Fed predicted the U.S. economy would expand 2.5 percent to 3 percent in 2013, but even that modest rate is looking potentially rosy. The Reuters poll showed a median U.S. growth estimate of 2.1 percent for next year on the same fourth quarter over fourth quarter basis.

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