New Jersey Deli Scheme Leads to Securities Fraud Guilty Plea
21Dec By Edwards ElrickNo Comments
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...
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NFL Power Rankings Week 16: 49ers, Ravens on top, plus a surprise from every team
21Dec By Edwards ElrickNo Comments
Sports

NFL Power Rankings Week 16: 49ers, Ravens on top, plus a surprise from every team

We’re coming down the stretch of the NFL season, and the playoff seedings and Power Rankings are starting to sort themselves out, but that doesn’t mean there haven’t been some surprises along the way. Today, we’re going to look at one surprising aspect of each team’s season.And then we’re going to start looking forward to a No. 1 vs. No. 2 matchup in Week 16 of the season.(Last week: 1)Sunday: Beat Arizona Cardinals 45-29Surprise: Brock PurdyWe’ve let all the talk about whether the second-year quarterback is a top-10 quarterback in the league or even possibly the MVP obscure what remains at its heart the most remarkable story in the league. Purdy, the last pick of the 2022 draft, is now 16-3 as a starting quarterback. His passer rating (119) and expected points added per dropback (.32) lea...
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New Hope — and an Old Hurdle — for a Terrible Disease With Terrible Treatments
20Dec By Edwards ElrickNo Comments
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...
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Israel-Hamas War: Middle East Powers Skip U.S.-led Naval Effort to Deter Houthi Rebels
20Dec By Edwards ElrickNo Comments
World

Israel-Hamas War: Middle East Powers Skip U.S.-led Naval Effort to Deter Houthi Rebels

There was a noticeable absence among the participating countries when Secretary of Defense Lloyd J. Austin III announced that the United States was organizing a new naval task force to confront the threat from Yemen’s Houthi militia marauding against global shipping in the Red Sea.No regional power agreed that its navy would participate. The only Middle Eastern country taking part is the tiny island state of Bahrain, and there was otherwise conspicuous silence from regional capitals.Many Arab countries depend heavily on the trade that flows through the Red Sea, from the Suez Canal in the north to the Bab-al-Mandeb Strait that Yemen abuts in the south. But with the United States’ repeated and vocal announcements of support for Israel’s war in the Gaza Strip fomenting anger among Arab popula...
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Wall Street’s Bond ‘Vigilantes’ Are Back
20Dec By Edwards ElrickNo Comments
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...
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NASA Streams Cat Video From Deep, Deep Space
20Dec By Edwards ElrickNo Comments
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...
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Sean Payton’s flare-up at Russell Wilson puts coach-QB relationship back in spotlight
19Dec By Edwards ElrickNo Comments
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...
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Did Your Baby Spend Time in the NICU? Tell Us About It.
18Dec By Edwards ElrickNo Comments
Health

Did Your Baby Spend Time in the NICU? Tell Us About It.

Across the country, neonatal intensive care units provide critical care to seriously ill babies.That care can be lifesaving but also comes at a price, as some parents report receiving multimillion dollar bills for their babies’ hospital stays. Some researchers have questioned whether too many babies are being admitted to the NICU and whether there is a profit motive at play.The New York Times is looking to hear from readers who can share their recent experiences with NICU care. Hearing from families about their experiences helps us better understand where we should focus our reporting.We will not publish any part of your response to this questionnaire without talking with you first. We will not share your contact information outside the Times newsroom, and will use it only to reach out to ...
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Chile Rejects Conservative Constitution – The New York Times
18Dec By Edwards ElrickNo Comments
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...
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Gene-Sequencing Company Illumina to Sell Cancer Test Developer
18Dec By Edwards ElrickNo Comments
Business

Gene-Sequencing Company Illumina to Sell Cancer Test Developer

Illumina, the leading producer of gene-sequencing machines, announced Sunday that it would sell Grail, a cancer test developer that it purchased for $7.1 billion in 2021.The move came two days after Illumina lost its case in a federal appeals court, which largely upheld a Federal Trade Commission ruling that Illumina should unwind its deal with Grail on antitrust grounds.The case was seen by antitrust experts as a test of regulators’ efforts to stop big companies from buying fledgling innovators.The deal had also faced a roadblock in Europe. In September 2022, the European Union said it would block the acquisition. Illumina, based in San Diego, previously stated publicly that if it was unsuccessful with appeals in either jurisdiction, it would divest the start-up.“We are committed to an ex...
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