[Bug #1011606] Only check file descriptors for exceptional conditions if the fd is readable or writable

(Contributed by Dima Dorfman)

- wrap long line

"from blah import (foo, bar
baz, bongo)"

ldexp.  Both methods are exact, and return the same results.  Turns out
multiplication is a few (but just a few) percent faster on my box.
They're both significantly faster than using struct with a Q format
to convert bytes to a 64-bit long (struct.unpack() appears to lose due
to the tuple creation/teardown overhead), and calling _hexlify is
significantly faster than doing bytes.encode('hex').  So we appear to
have hit a local minimum (wrt speed) here.