New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea
Technology

New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea

A man involved in a brazen plot to manipulate the stock price of a New Jersey deli’s parent company pleaded guilty to securities fraud on Wednesday.James T. Patten, 64, of North Carolina, admitted to orchestrating a series of misleading trades in an apparent bid to enrich himself and two co-defendants in U.S. District Court in Camden, N.J.Mr. Patten faces up to 20 years in prison and a fine of up to $5 million for securities fraud. He also pleaded guilty to a charge of conspiracy to commit securities fraud, which carries a maximum sentence of five years in prison and a fine of up to $250,000.Mr. Patten’s lawyer, Ira Lee Sorkin, said in an interview on Wednesday that attention on the case “was exaggerated beyond any perception — that this was some $100 million fraud involving a delicatessen...
Football conspiracy theories: Are we in a ‘golden age’ of fan paranoia?
Sports

Football conspiracy theories: Are we in a ‘golden age’ of fan paranoia?

One of the most eye-catching bios on X, or Twitter as we all know it, belonged to a sports writer with one of the UK’s biggest national newspapers. It was plain and simple and boiled down to five words: “Biased against your football club.”Which is true. If you’ve followed football for any length of time, then you know that every arm of the media is out to get the club you support. You should see The Athletic’s morning meetings where we plot against the teams we most want to stitch up (all of them, obviously). Just because you’re paranoid doesn’t mean we aren’t trying to get Mikel Arteta banned from the touchline. Or perpetuating bias in favour of London. Or scheming for more points deductions at Everton. It’s All the President’s Men meets 24.Truthfully, more attention is paid to the subsid...
New Hope — and an Old Hurdle — for a Terrible Disease With Terrible Treatments
Health

New Hope — and an Old Hurdle — for a Terrible Disease With Terrible Treatments

Three years ago, Jesús Tilano went to a hospital in a thickly forested valley in Colombia with large open lesions on his nose, right arm and left hand. He was diagnosed with leishmaniasis, a parasitic disease that is spread in the bite of a female sand fly and which plagues poor people who work in fields or forests across developing countries.He was prescribed a drug that required three injections a day for 20 days, each one agonizingly painful. Mr. Tilano, 85, had to make repeated expensive bus trips to town to get them. Then his kidneys started to fail, which is a common side effect of the drug, as are heart failure and liver damage.“The cure was worse than what I had before,” Mr. Tilano said.Leishmaniasis is a terrible disease, with terrible treatments that have hardly changed in a cent...
China Earthquake Kills More Than 120 in Gansu and Qinghai Provinces
World

China Earthquake Kills More Than 120 in Gansu and Qinghai Provinces

An earthquake killed at least 120 people in a mountainous area of northwestern China, officials and state media said on Tuesday, crumpling buildings while residents slept inside and sending people rushing into a frigid night.Rescuers were searching for survivors in rural Jishishan County in Gansu Province, the epicenter of the quake, officials from Gansu said at a news conference on Tuesday. They said the quake, which struck at 11:59 p.m. on Monday, had killed 113 people in the province and injured more than 500 others.Thirteen people in the city of Haidong in neighboring Qinghai Province were also killed, according to the state-run Xinhua News Agency.The quake had a magnitude of 5.9, according to the United States Geological Survey, though it was measured at 6.2 by the China Earthquake Ad...
Wall Street’s Bond ‘Vigilantes’ Are Back
Business

Wall Street’s Bond ‘Vigilantes’ Are Back

Typically, the esoteric inner workings of finance and the very public stakes of government spending are viewed as separate spheres.And bond trading is ordinarily a tidy arena driven by mechanical bets about where the economy and interest rates will be months or years from now.But those separations and that sense of order changed this year as a gargantuan, chaotic battle was waged by traders in the nearly $27 trillion Treasury bond market — the place where the U.S. government goes to borrow.In the summer and fall, many investors worried that federal deficits were rising so rapidly that the government would flood the market with Treasury debt that would be met with meager demand. They believed that deficits were a key source of inflation that would erode future returns on any U.S. bonds they...
NASA Streams Cat Video From Deep, Deep Space
Technology

NASA Streams Cat Video From Deep, Deep Space

On Dec. 11, NASA engineers anxiously gathered at the Jet Propulsion Laboratory in Pasadena, Calif., to view a cat video, wondering if it would be in the pristine high definition for which they had hoped.To their relief, it was. For the first time, high-definition video — this one of a lab employee’s cat named Taters — was streamed from 18.6 million miles away, or roughly 80 times the distance from the Earth to the moon, the farthest ever.The demonstration was part of NASA’s Deep Space Optical Communications experiment, aimed at improving the infrastructure for communication beyond the Earth’s orbit. As one example, if humans are to go to Mars, the need exists for larger amounts of data to be transmitted over a longer distance. This demonstration marked another step toward such a possibilit...
Sean Payton’s flare-up at Russell Wilson puts coach-QB relationship back in spotlight
Sports

Sean Payton’s flare-up at Russell Wilson puts coach-QB relationship back in spotlight

(Editor’s note: This is excerpted from Mike Sando’s Pick Six of Dec. 18, 2023.)Sean Payton blasting quarterback Russell Wilson on the sideline, then suggesting he was merely upset about officiating, invited all sorts of speculation.It’s hard to fault Payton for losing his cool when officials wiped out a Broncos touchdown with an offensive offside call that seemed indefensible. As one former head coach put it, officials have “lost their minds” searching for penalties associated with Philadelphia’s tush-push plays.It’s just difficult to understand why Payton would funnel any of that rage toward his quarterback.GO DEEPERSean Payton downplays sideline flare up with Russell WilsonThe nature of Payton’s relationship with Wilson faded into the background during a five-game winning streak fueled b...
Tongue Tie Surgery: Inside the Business of Cutting Babies’ Tongues
Health

Tongue Tie Surgery: Inside the Business of Cutting Babies’ Tongues

Later in 2020, Ms. Lavelle also complained to the board, describing how she had been traumatized by her daughter’s tongue-tie release.The lactation board, which reports its disciplinary decisions, has not taken action against Ms. Henstrom. A spokeswoman for the board, Susan Brayshaw, declined to comment on the complaints, citing a policy of confidentiality. “Some complaints take significantly longer than others due to the nature of the allegations and related investigations,” she said.Since 2002, the board has revoked the certifications of only three lactation consultants.Ms. Lavelle also filed a complaint against Dr. Zink with the Idaho board of dentistry. The board collected medical records and statements from Ms. Lavelle and Dr. Zink. Dr. Zink told the board that June’s procedure was “u...
Chile Rejects Conservative Constitution – The New York Times
World

Chile Rejects Conservative Constitution – The New York Times

Chileans on Sunday rejected a new constitution that would have pulled the country to the right, likely ending a turbulent four-year process to replace their national charter with little to show for it.Nearly 56 percent of voters rejected the proposed text, with all of the votes counted.It is the second time in 16 months that Chile, the South American nation of 19 million, has rebuffed a proposed constitution — the other was written by the left — showing how deeply divided the nation remains over a set of rules and principles to govern it even after four years of debate.That debate began in 2019 after enormous protests prompted a national referendum in which four out of five Chileans voted to scrap their constitution, a heavily amended version of the 1980 text adopted under the bloody milit...
U.S. Fines Southwest Airlines $140 Million for Holiday Meltdown
Business

U.S. Fines Southwest Airlines $140 Million for Holiday Meltdown

The Transportation Department on Monday announced a $140 million fine against Southwest Airlines over a meltdown last winter that disrupted travel for about two million people during the holiday season.Of the $140 million, Southwest Airlines will pay $35 million to the federal government. For the remaining amount, the department is giving the airline credit for providing frequent-flier points as an apology to customers affected by the meltdown, and for agreeing to give out tens of millions of dollars in vouchers to customers affected by future delays and cancellations.The fine is roughly 30 times what had previously been the department’s largest penalty against an airline for consumer protection violations, a $4.5 million settlement with Air Canada in 2021 over customer refunds.“Today’s ac...