Feds charge former hedge fund manager in big insider-trading case









WASHINGTON -- Federal prosecutors on Tuesday charged a former hedge fund portfolio manager with securities fraud in connection with what they said was the most lucrative insider-trading case ever prosecuted.


In complaints filed in New York, authorities said investment advisors and hedge funds made more than $276 million in illegal profits or avoided losses by trading before the announcement in 2008 of negative results from clinical trials for an Alzheimer's disease drug being developed by Elan Corp. and Wyeth.


Prosecutors charged Mathew Martoma, a former portfolio manager at CR Intrinsic, an unregistered investment adviser, with securities fraud for allegedly illegally using information about the clinical trial results that he obtained from a neurologist at a hospital involved in the testing.





The criminal complaint did not name the neurologist, which it said was a cooperating witness in the case.


The Securities and Exchange Commission filed a a related civil suit Tuesday against Martoma, CR Intrinsic and Dr. Sidney Gilman, a neurology professor at the University of Michigan Medical School. The SEC suit said Gilman was chairman of the safety monitoring committee overseeing the clinical trials of the Alzheimer's drug.


Martoma met Gilman some time between 2006 and 2008 through paid consultations, the SEC complaint says. "During these consultations, Gilman provided Martoma with material, nonpublic information about the ongoing trial," the SEC complaint said.


In mid-July 2008, "Gilman provided Martoma with the actual, detailed results of the clinical trial" before an official announcement on July 29, 2008, the SEC said.


The FBI, SEC and U.S. attorney's office in New York scheduled a 12:30 p.m. EST news conference to discuss the case.


"The charges unsealed today describe cheating coming and going – specifically, insider trading first on the long side, and then on the short side, on a scale that has no historical precedent," said Preet Bharara, U.S. attorney for Manhattan.  "As alleged, by cultivating and corrupting a doctor with access to secret drug data, Mathew Martoma and his hedge fund benefited from what might be the most lucrative inside tip of all time."


Follow Jim Puzzanghera on Twitter and Google+.


Also:


Senate moves insider trading bill to Obama's desk.


Baseball star Eddie Murray settles insider-trading investigation.


Former Goldman Sachs director Rajat Gupta guilty of insider trading.





http://articles.latimes.com/2012/aug/17/business/la-fi-sec-murray-20120818






Read More..

Hacker Found Guilty of Breaching AT&T Site to Obtain iPad Customer Data



A hacker charged with federal crimes for obtaining the personal data of more than 100,000 iPad owners from AT&T’s website was found guilty on Tuesday.


Andrew Auernheimer, 26, of Fayetteville, Arkansas, was found guilty in federal court in New Jersey of one count of identity fraud and one count of conspiracy to access a computer without authorization.


Auernheimer and Daniel Spitler, 26, of San Francisco, California, were charged last year after the two discovered a hole in AT&T’s web site in 2010 that allowed anyone to obtain the e-mail address and ICC-ID of iPad users. The ICC-ID is a unique identifier that’s used to authenticate the SIM card in a customer’s iPad to AT&T’s network.


The iPad was released by Apple in April 2010. AT&T provided internet access for some iPad owners through its 3G wireless network, but customers had to provide AT&T with personal data when opening their accounts, including their e-mail address. AT&T linked the user’s email address to the ICC-ID, and each time the user accessed the AT&T web site, the site recognized the ICC-ID and displayed the user’s email address.


Aurnheimer and Spitler discovered that the site would leak email addresses to anyone who provided it with a ICC-ID. So the two wrote a script – which they dubbed the “iPad 3G Account Slurper” — to mimic the behavior of numerous iPads contacting the web site in order to harvest the email addresses of iPad users.


According to authorities, they obtained the ICC-ID and email address for about 120,000 iPad users, including dozens of elite iPad early adopters such as New York Mayor Michael Bloomberg, then-White House Chief of Staff Rahm Emanuel, anchorwoman Diane Sawyer of ABC News, New York Times CEO Janet Robinson and Col. William Eldredge, commander of the 28th Operations Group at Ellsworth Air Force Base in South Dakota, as well as dozens of people at NASA, the Justice Department, the Defense Department, the Department of Homeland Security and other government offices.


The two contacted the Gawker web site to report the hole, a practice often followed by security researchers to call public attention to security holes that affect the public, and provided the web site with harvested data as proof of the vulnerability. Gawker reported at the time that the vulnerability was discovered by a group calling itself Goatse Security.


AT&T maintained that the two did not contact it directly about the vulnerability and learned about the problem only from a “business customer.”


Auernheimer later sent an e-mail to the U.S. attorney’s office in New Jersey, blaming AT&T for exposing customer data, authorities say.


“AT&T needs to be held accountable for their insecure infrastructure as a public utility and we must defend the rights of consumers, over the rights of shareholders,” he wrote, according to prosecutors. ”I advise you to discuss this matter with your family, your friends, victims of crimes you have prosecuted, and your teachers for they are the people who would have been harmed had AT&T been allowed to silently bury their negligent endangerment of United States infrastructure.”


But prosecutors say his interest went beyond concern about the security of customer data.


According to the criminal complaint, a confidential informant helped federal authorities make their case against the two defendants by providing them with 150 pages of chat logs from an IRC channel where, prosecutors said, Spitler and Auernheimer admitted conducting the breach to tarnish AT&T’s reputation and promote themselves and Goatse Security.


Spitler: I just harvested 197 email addresses of iPad 3G subscribers there should be many more … weev: did you see my new project?


Auernheimer: no


Spitler: I’m stepping through iPad SIM ICCIDs to harvest email addresses if you use someones ICCID on the ipad service site it gives you their address


Auernheimer: loooool thats hilarious HILARIOUS oh man now this is big media news … is it scriptable? arent there SIM that spoof iccid?


Spitler: I wrote a script to generate valid iccids and it loads the site and pulls an email


Auernheimer: this could be like, a future massive phishing operation serious like this is valuable data we have a list a potential complete list of AT&T iphone subscriber emails



Spitler: I hit fucking oil


Auernheimer: loooool nice


Spitler: If I can get a couple thousand out of this set where can we drop this for max lols?


Auernheimer: dunno i would collect as much data as possible the minute its dropped, itll be fixed BUT valleywag i have all the gawker media people on my facecrook friends after goin to a gawker party


At one point the two discussed the legal risks of what they were doing:


Spitler: sry dunno how legal this is or if they could sue for damages


Auernheimer: absolutely may be legal risk yeah, mostly civil you absolutely could get sued to fuck


At the same time, others on the IRC chat allegedly discussed the possibility of shorting AT&T’s stock.


Pynchon: hey, just an idea delay this outing for a couple days tommorrow short some at&t stock then out them on tuesday then fill your short and profit


Rucas: LOL


Auernheimer: well i will say this it would be against the law … for ME to short the att stock but if you want to do it go nuts


Spitler: I dont have any money to invest in ATT



Auernheimer: if you short ATT dont let me know about it


Spitler: IM TAKIN YOU ALL DOWN WITH ME SNITCH HIGH EVERYDAY


In the wake of news stories about the breach, they allegedly discussed their failure to report the vulnerability to a “full disclosure” mailing list, as well as the opportunity to push their Goetse Security business as a result of the breach:


Nstyr: you should’ve uploaded the list to full disclosure maybe you still can


Auernheimer: no no that is potentially criminal at this point we won


Nstyr: ah


Auernheimer: we dropepd the stock price


Auernheimer: lets not like do anything else we fucking win and i get to like spin us as a legitimate security organization


Spitler pleaded guilty to the charges last year.


Read More..

“Secret Disco Revolution” Gets U.S. Release
















LOS ANGELES (TheWrap.com) – Screen Media Films has acquired U.S. theatrical rights to the documentary “Secret Disco Revolution,” featuring interviews with many 70′s music icons, including Gloria Gaynor, The Village People, and Kool and the Gang.


ScreenMedia plans a June 2013 U.S. theatrical run of the documentary, the company announced Monday.













Written, directed, and produced by Kastner, the film looks into the disco movement and many of its key figures.


“For anyone that grew up with disco this film will transport you back in time while filling in the blanks to what you didn’t even realize was happening around you,” said Suzanne Blech, president of Screen Media Films.


“If you weren’t around at the time to get caught up in the disco craze, the music and the moves will make you want to get up and dance,” Blech said.


Entertainment One Films International (eOne) has also sold the film to a number of other territories, including Japan (Kadokawa), Italy (Sky Arts) and Germany, Austria, Switzerland and France, all through ZDF Arte.


The Screen Media deal was negotiated by Blech and Charlotte Mickie from eOne, along with Andrew Herwitz from The Film Sales Company, on behalf of the filmmakers.


Music News Headlines – Yahoo! News



Read More..

Ecstasy Treatment for Post-Traumatic Stress Shows Promise


Gretchen Ertl for The New York Times


ALTERNATIVE TREATMENT Rick Doblin of the Multidisciplinary Association for Psychedelic Studies, which is financing research into the drug Ecstasy.







Hundreds of Iraq and Afghanistan veterans with post-traumatic stress have recently contacted a husband-and-wife team who work in suburban South Carolina to seek help. Many are desperate, pleading for treatment and willing to travel to get it.




The soldiers have no interest in traditional talking cures or prescription drugs that have given them little relief. They are lining up to try an alternative: MDMA, better known as Ecstasy, a party drug that surfaced in the 1980s and ’90s that can induce pulses of euphoria and a radiating affection. Government regulators criminalized the drug in 1985, placing it on a list of prohibited substances that includes heroin and LSD. But in recent years, regulators have licensed a small number of labs to produce MDMA for research purposes.


“I feel survivor’s guilt, both for coming back from Iraq alive and now for having had a chance to do this therapy,” said Anthony, a 25-year-old living near Charleston, S.C., who asked that his last name not be used because of the stigma of taking the drug. “I’m a different person because of it.”


In a paper posted online Tuesday by the Journal of Psychopharmacology, Michael and Ann Mithoefer, the husband-and-wife team offering the treatment — which combines psychotherapy with a dose of MDMA — write that they found 15 of 21 people who recovered from severe post-traumatic stress in the therapy in the early 2000s reported minor to virtually no symptoms today. Many said they have received other kinds of therapy since then, but not with MDMA.


The Mithoefers — he is a psychiatrist and she is a nurse — collaborated on the study with researchers at the Medical University of South Carolina and the nonprofit Multidisciplinary Association for Psychedelic Studies.


The patients in this group included mostly rape victims, and experts familiar with the work cautioned that it was preliminary, based on small numbers, and its applicability to war trauma entirely unknown. A spokeswoman for the Department of Defense said the military was not involved in any research of MDMA.


But given the scarcity of good treatments for post-traumatic stress, “there is a tremendous need to study novel medications,” including MDMA, said Dr. John H. Krystal, chairman of psychiatry at the Yale School of Medicine.


The study is the first long-term test to suggest that psychiatrists’ tentative interest in hallucinogens and other recreational drugs — which have been taboo since the 1960s — could pay off. And news that the Mithoefers are beginning to test the drug in veterans is out, in the military press and on veterans’ blogs. “We’ve had more than 250 vets call us,” Dr. Mithoefer said. “There’s a long waiting list, we wish we could enroll them all.”


The couple, working with other researchers, will treat no more than 24 veterans with the therapy, following Food and Drug Administration protocols for testing an experimental drug; MDMA is not approved for any medical uses.


A handful of similar experiments using MDMA, LSD or marijuana are now in the works in Switzerland, Israel and Britain, as well as in this country. Both military and civilian researchers are watching closely. So far, the research has been largely supported by nonprofit groups.


“When it comes to the health and well-being of those who serve, we should leave our politics at the door and not be afraid to follow the data,” said Brig. Gen. Loree Sutton, a psychiatrist who recently retired from the Army. “There’s now an evidence base for this MDMA therapy and a plausible story about what may be going on in the brain to account for the effects.”


In interviews, two people who have had the therapy — one, Anthony, currently in the veterans study, and another who received the therapy independently — said that MDMA produced a mental sweet spot that allowed them to feel and talk about their trauma without being overwhelmed by it.


“It changed my perspective on the entire experience of working at ground zero,” said Patrick, a 46-year-old living in San Francisco, who worked long hours in the rubble after the Sept. 11, 2001, attacks searching in vain for survivors, as desperate family members of the victims looked on, pleading for information. “At times I had this beautiful, peaceful feeling down in the pit, that I had a purpose, that I was doing what I needed to be doing. And I began in therapy to identify with that,” rather than the guilt and sadness.


This article has been revised to reflect the following correction:

Correction: November 20, 2012

An earlier version of this article described incorrectly the office arrangement the Mithoefers use to conduct therapy sessions using MDMA. They hold the sessions in an office in a converted house, but they do not conduct the sessions in their home office.



Read More..

DealBook: Latest Slip for H.P. Forces a New Write-Down

Hewlett-Packard‘s already troubled history with deal-making just got worse.

The technology giant said on Tuesday that it had taken an $8.8 billion accounting charge, in part related to accounting problems at Autonomy, the British software company it bought for $10 billion last year. The announcement comes just one quarter after another large write-down by H.P. in relation to Electronic Data Systems, which itself follows a string of deal-making missteps by the company.

“I’m speechless,” said Brian Marshall, an analyst at the ISI Group, which downgraded H.P. to “neutral” from “buy” following the news on Tuesday.

The charge contributed to a quarterly loss of $6.9 billion for H.P., compared with a $200 million profit in the quarter a year earlier. H.P. said it had discovered “serious accounting improprieties” and “outright misrepresentations” at Automony that took place prior to the acquisition.

The company’s shares fell more than 11 percent on Tuesday to around $11.74.

The latest setback comes as H.P. has struggled to revive its business. For years, H.P. has turned to deal-making to help it grow, buying of E.D.S., Palm and Compaq. Since 2001, the company has spent at least $67 billion on acquisitions, according to Robert W. Baird & Company. That’s more than H.P.’s current market capitalization of about $23.4 billion.

“If you think about the companies they’ve acquired over the last several years,” Mr. Marshall said, “it’s just unbelievable how much value has been destroyed.”

In August, H.P. said it would take an $8 billion charge related to E.D.S., which it acquired for $13.9 billion four years earlier. The business, which provides consulting services to enterprise clients, had been losing ground to rivals.

Last year, H.P. announced a $1.7 billion charge when it said it would close its webOS device business — just a year after picking up the handset maker Palm for $1.2 billion.

The deal-making engine, however, has recently slowed as its cash pile has dwindle. The company reported about $11.3 billion of cash in the recent quarter. While that an improvement over the quarter last year, it is lower than the $13 billion of cash in 2009.

The takeover of Autonomy was criticized as too expensive when it was announced in the summer of 2011. Léo Apotheker, the chief executive at the time, soon resigned. He was replaced by Meg Whitman, a former head of eBay.

Ms. Whitman said on Tuesday that the company was “starting to see progress in key areas.” The company said in a statement that it remained “100 percent committed” to Autonomy, despite being “extremely disappointed” by its findings.

Some analysts had been skeptical of Autonomy before Tuesday’s announcement. But the size of the write-down was largely unexpected. And the language H.P. used — “improprieties” and “misrepresentations” — came as a surprise.

“That’s not something I expected to hear,” said Jayson Noland, an analyst at Robert W. Baird & Company.

The ISI analyst, Mr. Marshall, described the company as being in “free fall.”

“There has been perhaps irreparable damage to the franchise,” Mr. Marshall said. “A lot of people in the tech industry are pretty sad about that.”

Read More..

Judge denies bid for Nativity displays in Santa Monica













Santa Monica


A person jogs by last year's Nativity scene in Palisades Park.
(Gina Ferazzi / Los Angeles Times / November 19, 2012)































































The city of Santa Monica can bar seasonal displays, including a Nativity scene that has appeared in Palisades Park for nearly 60 years, a federal judge ruled Monday.

In a closely watched case that has attracted national attention, Judge Audrey B. Collins denied a request from the Santa Monica Nativity Scenes Committee to erect multiple large displays depicting the story of the birth of Jesus in the park overlooking the ocean. The coalition of churches has erected the displays every December since the 1950s.


But last year, after requests for display spots exceeded the space allotted, the city held a lottery to allocate spaces. Atheists won 18 of 21 spots. A Jewish group won another. The traditional Nativity story that used to take up 14 displays was crammed into two.

Controversy erupted, and as a result, the city decided the lottery would become increasingly costly. Last June, the City Council voted to ban all private unattended displays.





In October, Nativity scene proponents filed suit in federal court to allow the traditional Christian displays to continue. In a 27-page tentative ruling, Collins denied the group permission to erect their displays this year while the case is pending.


"The atheists won," said William Becker, attorney for the Nativity group. He then went on to compare the city to Pontius Pilate, the judge at Jesus' trial, saying: "It's a shame about Christmas. Pontius Pilate was exactly the same kind of administrator."

Santa Monica's attorney, Barry A. Rosenbaum, said the city is "very pleased" with the ruling. The judge, he said, "understood the government interests and that [groups wanting to put up displays] have a number of alternatives to erect displays." 


All the parties are due back in court Dec. 3, when the judge will hear additional arguments in the case.






Read More..

Who's the Next Intel CEO?


Paul Otellini, Intel CEO, and a man who describes himself as one of the few remaining Republicans in San Francisco (he’s a native) is stepping down from the top spot at the world’s largest chipmaker. The announcement, made by Intel Monday morning, came as a surprise mostly because there is no obvious candidate to replace Otellini, who, at 62, is still three years shy of the mandatory retirement age for an Intel CEO.

Intel is a company driven by process; there is a method for everything from manufacturing chips to picking executives. In the past four CEO successions (Otellini is the company’s fifth boss) it was always obvious who was next in line. But this time around it’s not.


Otellini will step down in May, right around the time of Intel’s annual shareholder meeting, by which time the board will have selected his successor. “After almost four decades with the company and eight years as CEO, it’s time to move on and transfer Intel’s helm to a new generation of leadership,” Otellini said in a statement.

So who could be the next Intel chief? Let’s start with what has happened in the past. In every case the new CEO has come from the existing Intel ranks. That said, the Intel board says it will consider internal and external candidates. Perhaps that’s a pro-forma bone they’re tossing, because it would be a huge shakeup if Intel went outside for its next CEO.


Still, bringing back former Intel exec Pat Gelsinger, who at one time was considered a candidate for the job before he was seemingly passed over and headed to EMC and to subsidiary VMWare as CEO, would likely light a fire under everyone at Intel. Or the board could go totally rogue and find a mobile-savvy leader at a competitor like Qualcomm or even a partner like Apple.


As exciting as that might be to speculate about, it’s not likely to happen. While Intel needs someone with proven mobile chops to lead the company out of its PC past and into a tablet and smartphone future, it will likely come from inside.

In past torch passings, Otellini included, the next CEO came from the person with the COO title next to his name. That person is Brian Krzanich, who heads up Intel’s manufacturing. One good reason that the tradition of the COO becoming the next CEO will continue is that Intel believes very strongly that if it is to compete with all the ARM-based chip designers and manufacturers out there, including Qualcomm, Samsung and others, it is its manufacturing lead that will matter most. In that case, Krzanich is the man to pick.


Other folks in the executive VP ranks in the running include head of software Renee James, corporate strategy lead Stacy Smith, and David (Dadi) Perlmutter who heads up product. They are all considered strong candidates.


For his part, Otellini says he will continue to act as an adviser to Intel management after retiring as CE0. You can also bet he will continue to act as Republican voice in a city dominated by Democrats. Is there a political future for Otellini? Don’t put it past him.


Read More..

GetGlue Acquired by Viggle for $25million, Stock
















NEW YORK (TheWrap.com) – Viggle Inc. has purchased GetGlue for $ 25 million in cash and 48.3 million shares in stock, with the goal of making the merged companies the dominate force in social TV. Together, the two companies will have more than 4 million users.


Viggle stock was up 10.81 percent in early trading Monday, to $ 1.23 a share. That makes the value of GetGlue’s stock payout nearly $ 60 million.













Viggle Inc., a reward-based site that launched in January, will operate both brands. GetGlue founder and CEO Alex Iskold will join Viggle in a senior executive position on its management team and as a member of its Board of Directors. Viggle will also hire all 34 GetGlue employees.


“With this deal, we are combining very experienced and creative product, engineering and management teams that will continue to build great user experiences and provide industry leading platforms for consumers, networks and advertisers,” said Viggle CEO Robert F.X. Sillerman. “We will also be vastly increasing the Viggle user base and quadrupling our network partnerships.”


“We are very excited to join forces with Viggle! GetGlue has built a Social TV product that people love, and Viggle has become their favorite loyalty program for TV,” Iskold said. “Together we are positioned to deliver the next generation second screen experiences that delight and benefit users, networks and major brands.”


New York City-based GetGlue, founded in 2007, enables users to tell friends what they’re watching, track their favorite shows, and find videos, images, and links. It has more than 3.2 million registered users.


Viggle has 1.2 million registered users who receive points for loyalty and engagement. They can redeem points from businesses including Best Buy, Amazon, Fandango, Hulu Plus and iTunes.


The deal is only the latest for Sillerman, whose SFX Entertainment also recently purchased the electronic dance music companies Disco Donnie Presents and Life in Color. He said SFX expects up to 50 additional deals to come to fruition in the near future.


TV News Headlines – Yahoo! News



Read More..

Well: A Fat Dad Thanksgiving

Some of my earliest holiday memories are of spending Thanksgiving in Chicago at my grandmother Beauty’s home. I remember helping baste the turkey with fresh orange juice, herbs and garlic, and sitting on my grandmother’s shiny Formica countertop to mash the fresh pumpkin for the pies. My grandmother’s house always felt warm from the food in the oven and time spent sitting on her lap while the grown-ups sipped their coffee after dinner.

But after we moved to Manhattan when I was 9, Thanksgiving took place at a restaurant with big crowds and an all-you-can-eat buffet. As soon as the hostess would seat us, everyone would rush for the food — as if the restaurant might run out. Nobody talked about how it was prepared or how it smelled. I would watch my overweight dad dash for seconds and thirds of mashed potatoes and sausage stuffing without even taking a breath. When he was done, he always said the same thing: “I can’t believe I ate the whole thing.” When he was on the Atkins diet, which allowed unlimited amounts of protein, he ate even more. My little sister, April, and I had a hard time choosing what we wanted to eat because we were always getting elbowed and bumped in our attempts to squeeze into the food line.

My parents never sat for long at the holiday table, or had a conversation, or talked about what they were thankful for, and I was always left feeling disappointed. I remember listening to the conversation at nearby tables to hear what other families talked about at Thanksgiving. These were the families that went up only once for food and seemed to genuinely enjoy one another’s company and their meal.

Finally, after three long years of pleading, the phone call came: my grandmother was going to brave the trip from Chicago for Thanksgiving. She and Papa were going to take the train. Beauty had never left Chicago and was scared to take a plane, but she knew how terribly I missed her and how important it was to me to have a proper Thanksgiving meal.

Before my grandparents arrived, my sister and I did our best to help clean our house, which was usually messy and a little chaotic. Beauty liked everything in place and tidy, and I wanted to make sure everything was perfect for her visit.

When Beauty and Papa arrived the night before Thanksgiving, my mother took us all in a cab to Columbus Avenue, where New Yorkers would watch all the balloons being blown up the night before the Macy’s parade. Beauty was in heaven as we showed her Central Park, The Museum of Natural History and Isabella’s, a restaurant on Columbus Avenue, where we stopped for hot chocolate as we watched the Kermit the Frog float come to life through the window.

As I was telling Beauty about all my favorite sights in Manhattan, I realized how much I actually loved my new hometown and how independent I had become. I told my grandmother about all the neighborhoods in New York City that I would travel to by myself to buy ingredients for the recipes she sent me. I even learned about new ingredients through my travels around town and my dad’s rotating diets. I could not wait to show her some of my new favorites.

After returning home, we found my grandfather and dad arguing about where our Thanksgiving dinner would be held. My dad wanted to go to our usual restaurant, where there were unlimited amounts of appetizers and desserts, and each table got its own 14-pound turkey. But my grandparents had never had Thanksgiving in a restaurant and, after traveling for 17 hours, they didn’t want to start. My father backed down, but he was disappointed: Thanksgiving was the one holiday he indulged without guilt. My grandfather assured my dad that in 40 years of marriage, he never left the table hungry.

Beauty and I started working on our menu. We had less than 24 hours to prepare our perfect holiday meal. I showed her the recipes I had been saving over the years from popular gourmet and health magazines. There was a creamy butternut squash soup made without heavy cream, and roasted brussels sprouts with a pomegranate reduction. We were salivating as we prepared our shopping list.

As my grandmother and I worked all day, side by side, to create our first homemade Thanksgiving feast in our tiny Manhattan kitchen, my sister watched the parade on television and ran into the kitchen every couple of minutes for tastes. My dad went on multiple grocery store runs to make sure there were no ingredients we were forgetting; and my mother and grandfather stayed clear of the kitchen and argued about things like why my mother did not have a clean coffee pot or why my grandfather wanted dishes and real silverware rather than paper plates.

When dinner was finally ready, Beauty and I set everything out on a metal folding table in our living room. As my dad happily filled his plate with the sweet potato hummus, roasted veggies and turkey, he noticed how beautiful everything looked. He did not even seem to notice the lack of buttered mashed potatoes or sausage stuffing.

For the grand finale, I carefully brought out my homemade pumpkin pie with a graham cracker crust. Instead of sweetening it with sugar, I used ripe bananas, a touch of maple syrup and a hint of cinnamon. As I watched my dad dig into his piece of pie, I smiled as he seemed to savor every bite. I knew exactly what I was thankful for this year.


Hummus à la Sweet Potato: If you are looking for a light, healthy appetizer to get your guests in the holiday spirit, try this sweet potato hummus that is bursting with flavor, spice and color. This protein-filled appetizer has helped my dad control his appetite. He named it “the caviar of hummus,” savoring every bite. Serve it with warm pita, sliced red peppers, cucumbers or celery sticks.


Creamy Cashew Butternut Squash Soup: Growing up, I spent a lot of time in vegetarian restaurants even though I was not vegetarian, just on a quest to discover delicious, healthy foods that would help my dad lose weight and feel good. I was already a fan of butternut squash soup when I was introduced to using cashews as a substitute for cream. This soup is loaded with flavor, fiber and protein. One of my favorite things to do is to ask my guests to figure out the mystery ingredient; nobody ever guesses that I have swapped out the heavy cream for the healthy, raw cashews. This soup is perfect for your vegetarian and vegan guests.


Roasted Brussels Sprouts With a Pomegranate Reduction: If you thought you did not like brussels sprouts, this recipe will definitely change your mind. The first time my grandmother served roasted brussels sprouts to me, I could not stop eating them. When brussels sprouts are roasted, they become crispy on the outside and sweet and delicate on the inside. The addition of a warm pomegranate glaze, and the cool, sweet pomegranate seeds, makes these brussels sprouts a festive delight.


Banana-Infused Pumpkin Pie: I love taking decadent treats and turning them into healthy nutritional powerhouses that allow you to enjoy your dessert without guilt. Here is my favorite dessert: pumpkin pie. Over the years, I have experimented with many different recipes, and this maple-sweetened, banana-infused version with a graham cracker coconut crust, which takes minutes to prepare, is always a crowd pleaser.


Read More..

News Corporation Looks at Potential Acquisitions


Kevork Djansezian/Getty Images


Rupert Murdoch, second from left, with his sons, Lachlan, left, and James, second from right, and Chase Carey, News Corporation’s president and chief operating officer, in July in Sun Valley, Idaho.





The media conglomerate, which had been on its heels for more than a year because of the phone hacking scandal in Britain, is looking to make acquisitions again. First on the list could be a 49 percent stake in the Yes Network in New York, a purchase that could become the foundation for a new nationwide sports network to compete with ESPN.


News Corporation’s stock has reached highs as the company prepares to transfer its underperforming publishing assets, including newspapers like The Wall Street Journal and The New York Post, into a separate publicly traded entity.


One of the crucial factors in the decision was that the split would allow Rupert Murdoch, the company’s chairman and chief executive, to buy into the businesses he loves without upsetting investors who are more interested in cable and broadcast. Potential targets include The Los Angeles Times, The Chicago Tribune and more education companies.


“Rupert has his mojo back,” said Todd Juenger, a media analyst at Sanford C. Bernstein. “The stock is up, investors are happy with the company’s recent decisions.”


“He is definitely rubbing his hands together,” a person with knowledge of News Corporation’s deal-making discussions said of Mr. Murdoch.


In the last several weeks, Mr. Murdoch has exuded a satisfaction and sure-footedness that people close to the company said they had not seen since before Mr. Murdoch’s British newspaper unit became embroiled in a phone hacking scandal. That is in part because hacking has been overtaken in the press by an unfolding scandal at the British Broadcasting Corporation.


The BBC, which Mr. Murdoch and his son James have frequently criticized, is accused of canceling a news program’s segment about serial child molesting committed by longtime host Jimmy Savile, and broadcasting false reports of pedophilia about a member of Margaret Thatcher’s administration.


People close to Mr. Murdoch said he considered the BBC scandal karmic justice for months of negative coverage of News Corporation, and he has provided almost daily commentary via Twitter. “BBC getting into deeper mess,” he wrote on Nov. 10. “After Savile scandal, now prominent news program falsely names senior pol as pedophile.”


And the BBC scandal touches another Murdoch rival — The New York Times, whose parent company’s new chief executive, Mark Thompson, served as director general at the BBC. Mr. Thompson’s replacement at the BBC, George Entwistle, resigned on Nov. 11 after just 54 days on the job. “Look to new CEO to shape up NYT unless recalled to BBC to explain latest scandal,” Mr. Murdoch wrote on Twitter last month.


As News Corporation sank into its hacking scandal last year, it delayed new acquisitions. In September, Britain’s Office of Communications, known as Ofcom, said that British Sky Broadcasting, 39.1 percent owned by News Corporation, was “fit and proper” to hold a broadcast license. The decision removed a cloud of uncertainty at News Corporation’s Manhattan headquarters and cleared the company to revisit deals, analysts said.


“The internal narrative at the company is that the boss is in shopping mode,” said one person close to News Corporation who could not discuss Mr. Murdoch’s thinking publicly.


Dropping its $12 billion bid for the portion of BSkyB that it did not already own gave News Corporation ample cash to complete share buybacks and consider other acquisitions. The company had $9.6 billion in cash at the end of its 2012 fiscal year and in September borrowed another $1 billion.


On a recent earnings call, Chase Carey, News Corporation’s president and chief operating officer, said: “We always seem to be the topic of the day when it comes to a rumor of some transaction.” Still, he added: “There are places where we think we should kick the tires on things.”


Last week News Corporation neared a deal with Yankees Global Enterprises to buy a 49 percent stake in the Yes Network, a regional New York sports network, with a valuation of about $3 billion. A stake in Yes would add to News Corporation’s lineup of regional sports channels and contribute to its reported plans to introduce a national cable sports channel that could take on the Walt Disney Company’s ESPN.


“It’s one of the only businesses where there’s no No. 2,” said Michael Nathanson, a media analyst at Nomura Securities. “In our view, sports is the safest asset in media.”


This month the company paid an estimated $250 million for the portion of ESPN Star Sports that it did not already own. ESPN Star Sports, based in Singapore, operates 17 sports networks in five languages around Asia.


Read More..