• Will hedge fund fees come down to earth in 2015?

    Will hedge fund fees come down to earth in 2015?

    Sophisticated investors have this on their New Year’s resolution list: Negotiate harder on hedge fund fees. After all, they have to pay 2% just for the privilege of letting a hedge fund manage their millions....
  • Delhi fog leads to travel chaos

    Delhi fog leads to travel chaos

    22 December 2014 Last updated at 05:09 Cold wave conditions have hit most parts of northern India A dense fog has enveloped the capital, Delhi, and parts of northern India, causing massive travel chaos. Visibility...
  • 76ers get past Magic to halt skid

    Orlando, FL (SportsNetwork.com) – Behind 21 points and six assists from Michael Carter-Williams, the Philadelphia 76ers started a seven-game road trip with a 96-88 win over the Orlando Magic. Five players reached double figures for...
  • IMF cuts blamed for Ebola spread

    IMF cuts blamed for Ebola spread

    22 December 2014 Last updated at 11:09 Sierra Leone, along with Liberia and Guinea, have poor health facilities Spending cuts imposed by the International Monetary Fund (IMF) may have contributed to the rapid spread of...
  • Suns end Wizards’ 6-game winning streak

    Washington, DC (SportsNetwork.com) – Eric Bledsoe had 17 points and nine rebounds as the Phoenix Suns defeated the Washington Wizards 104-92 on Sunday night. Goran Dragic posted 16 points, six rebounds and four assists, while...
  • Today’s Toons 12/22/14

    Today’s Toons 12/22/14

    Click below for related story: Click below for Tony’s toons: Click below for related story: Click below for related story: Click for related video: This Thread Brought To You By The Letter P: In Case...

Headline News

  • Suburban NY police donate to save family’s stolen Christmas after gifts taken from under tree


    WHITE PLAINS, N.Y. –  After a burglar stole a suburban New York family’s Christmas presents from under the tree, police played Santa. The Journal-News reports (http://lohud.us/1xDQo0R ) that White Plains police presented the Cuenca-Orzuna family Saturday with $1,500 worth of gift cards and several toys. ADVERTISEMENT ADVERTISEMENT Officers raised the money, with contributions from their union and police officials, after the family’s apartment was ransacked last week. Detective German Lopez says the thief or thieves took the gifts awaiting the family’s four children, plus presents for several cousins. Lopez says even the children’s piggy banks were gone. It happened while dad Rogelio Orzuna was at his job as a cook, and mom Maria Cuenca was running errands. Lopez says officers felt they “couldn’t let these kids go without a Christmas.” Cuenca says the family is very thankful. ___ Information from: The Journal News, http://www.lohud.com

    December 22, 2014 6:59 am
    0 Comments

Politics

  • 10 Races to Watch in 2016: Pennsylvania Senate


    By Emily Cahn Posted at 5 a.m. today 0 Tweet Toomey is up for re-election in 2016. (Bill Clark/CQ Roll Call File Photo) Sen. Patrick J. Toomey, R-Pa., the former president of the conservative Club for Growth, is seeking re-election in a state that hasn’t picked a GOP nominee for president since 1988. So will Toomey — who has been endorsed for re-election by this outside group — moderate his votes or platform to appeal to the political center of the Keystone State ahead of 2016? It’s one of the most interesting questions of the 2016 cycle  — and it’s just one reason why the Pennsylvania Senate race tops Roll Call’s list of the Top 10 Races to Watch in 2016. Over the next two weeks, Roll Call will reveal daily a key race for this nascent cycle and examine its dynamics. Here’s another reason the Keystone State tops the Senate race landscape: Will anyone challenge former Rep. …

    December 22, 2014 4:18 am
    0 Comments

Stocks

  • Will hedge fund fees come down to earth in 2015?


    Sophisticated investors have this on their New Year’s resolution list: Negotiate harder on hedge fund fees. After all, they have to pay 2% just for the privilege of letting a hedge fund manage their millions. Even if the fund performs horribly, the manager gets to keep 2%. And that’s not all. On top of that, there’s a “performance fee” where 20% of all profits go to the manager. It’s like one big bonus after another, and it’s a key reason that top hedge fund managers make billions and land on lists of America’s super rich. Related: The 10 highest paid hedge fund managers But sophisticated investors have had enough. They are bargaining more aggressively on fees now. Paul Pagnato of High Tower, which manages money for about 80 high-net worth families, told CNNMoney his firm has moved to a “success fee only” format with two hedge funds. That means they only have to pay the …

    December 22, 2014 7:19 am
    0 Comments

Sports

  • 76ers get past Magic to halt skid


    Orlando, FL (SportsNetwork.com) – Behind 21 points and six assists from Michael Carter-Williams, the Philadelphia 76ers started a seven-game road trip with a 96-88 win over the Orlando Magic. Five players reached double figures for Philadelphia as it ended a five-game losing streak. Nerlens Noel posted 13 points and 12 rebounds, while Henry Sims and Robert Covington joined Noel by posting double-doubles as well. Sims had 12 points and 12 boards, with Covington recording 11 points and 10 rebounds. “We needed to reclaim our spirit and we didn’t have that the last two games,” 76ers coach Brett Brown said. Victor Oladipo led all scorers with 23 points for the Magic, who have lost four straight and six of their last seven. “There greatest importance is to stay together,” Oladipo said of the losing streak. Despite getting 19 points and 17 rebounds from Nikola Vucevic, Orlando was outrebounded by Philadelphia 52-43. Orlando extended its lead to …

    December 22, 2014 6:59 am
    0 Comments

World News

  • Delhi fog leads to travel chaos


    22 December 2014 Last updated at 05:09 Cold wave conditions have hit most parts of northern India A dense fog has enveloped the capital, Delhi, and parts of northern India, causing massive travel chaos. Visibility at runways at the airport in Delhi dropped to below 50 metres and reports say that at least 36 flights were delayed. Dozens of trains were also cancelled or delayed, and road traffic on Monday morning was crawling. The temperature is hovering around 4.2C. Traffic disruption due to fog in winter has become routine in northern India. A number of cold-related deaths have also been reported. Reports say seven people died in two separate incidents in Delhi and neighbouring Uttar Pradesh state on Sunday after inhaling carbon monoxide from coal fires in their rooms to keep themselves warm. The dead included four children in a family in Bijnore in Uttar Pradesh. Reports from the Kashmir Valley say Srinagar city recorded …

    December 22, 2014 6:59 am
    0 Comments

Technology

  • South Korea launches nuclear power cyber-attack drills after hack


    South Korea’s nuclear power plant operator has launched a two-day drill to test its ability to thwart a cyber-attack after a series of leaks on Twitter by a suspected hacker. The drill on Monday was conducted at the country’s four nuclear plants, said Korea Hydro and Nuclear Power (KHNP), which operates 23 reactors and supplies about 30% of the country’s electricity. “The two-day drill is under way through simulators to ensure the safety of our nuclear power plants under cyber-attacks,” said a KHNP spokesman, Kim Tae-Seok. Last week a suspected hacker, using an account called president of the anti-nuclear reactor group, published a variety of information on a Twitter account. It included designs and manuals for two reactors as well as personal information on 10,000 KHNP workers. In a new message on Sunday, the hacker threatened to release more information unless the government shuts three reactors from 25 December. The message warned residents in areas …

    December 22, 2014 4:38 am
    0 Comments

Science

  • Is gravity the force driving time forwards?


    Credit: iStock It’s obvious that time flows in one direction. A teacup falls to the floor and shatters but we never see the broken shards reassemble; scramble an egg and it will never unscramble; we get older not younger with each passing day. It might seem less obvious to ask: why does our Universe have an arrow of time?  But physicists and philosophers have asked, and struggled with this question, at least since the days of Aristotle. So whenever a new theory comes along, the scientific community greets it with great caution. Nevertheless, a paper in Physical Review Letters last October, by Flavio Mercati at the Perimeter Institute for Theoretical Physics in Waterloo, Canada, and his colleagues, has made physicists sit up and take notice. Mercati believes he can demonstrate that the most familiar of nature’s forces – gravity – is what sets time ticking in a certain direction. At first glance, gravity isn’t an …

    December 22, 2014 4:39 am
    0 Comments

Health

  • Germany to step up bird flu testing after new cases discovered


    HAMBURG (Reuters) – Germany will on Monday announce compulsory testing of ducks and geese for bird flu before slaughtering after two more cases of the H5N8 strain of the disease were discovered, the country’s agriculture ministry said. A new regulation forcing all ducks and geese to be tested for bird flu before slaughter will be announced later on Monday under urgent approval procedures, a ministry spokesperson said. It is set to take force on Tuesday, she said. This is because ducks and geese show late or even no clinical symptoms of the disease and intensified monitoring is needed, she said. The move follows the confirmation on Saturday of another case of H5N8 bird flu on a farm in the German state of Lower Saxony, a leading poultry production region. Another H5N8 case was confirmed in a wild duck in the eastern state of Saxony-Anhalt, bringing to five the number of reported cases in the country …

    December 22, 2014 4:38 am
    0 Comments

Entertainment

  • Dancing With The Stars Judge is Quitting!!!


    http://goldderby.latimes.com/awards_goldderby/2008/09/dancing-with-th.html We all love the ABC show Dancing With The Stars and we all especially love one of the judges – Bruno Tonioloi. His tough criticism and outgoing and bubbly personality is truly the life of the show. However, apparently rumors have been going around saying that Bruno Tonioloi is quitting and even better that the other judge, Len Goodman is resigning. Don’t worry, these two judges are not just jumping up and quitting the first chance they get and they are not leaving for the wrong reasons. Len Goodman is now 70 years old and wants to move back to his home country which is England. At home is where Len Goodman wants to be, and who can blame him? He also wants to move so that he can focus on projects that are closer to home. On the other hand, Bruno believes that if Len resigns he should be named head judge and …

    December 22, 2014 2:17 am
    0 Comments

Editorial

  • Last minute Christmas shopping: Five things to avoid


    FILE — Nov. 28, 2014: A man dressed as Santa Claus greets shoppers outside the J.C. Penney store at the Glendale Galleria shopping mall in Glendale, Calif. (AP Photo/Damian Dovarganes) This weekend millions of Americans will take to the mall to get last-minute gifts for their loved ones. They will pour through the already-picked-over selections to try and find “the gift.” For those of you who are forced into the mall this weekend: I’m sorry. Here are five things to avoid as we enter the final shopping days before Christmas.   1. Believe the best bargains are found if you wait until the last minute. While it’s true, retailers are starting their after-Christmas sales earlier than ever – just as the Christmas shopping season starts before you get to Thanksgiving dessert – seasoned shoppers know (1) value and (2) bargain do not mean the same thing.  We all know just because something is cheap doesn’t mean …

    December 20, 2014 4:21 pm
    0 Comments

Odd News

  • Captive orangutan has human right to freedom, Argentine court rules


    BUENOS AIRES (Reuters) – An orangutan held in an Argentine zoo can be freed and transferred to a sanctuary after a court recognized the ape as a “non-human person” unlawfully deprived of its freedom, local media reported on Sunday. Animal rights campaigners filed a habeas corpus petition – a document more typically used to challenge the legality of a person’s detention or imprisonment – in November on behalf of Sandra, a 29-year-old Sumatran orangutan at the Buenos Aires zoo. In a landmark ruling that could pave the way for more lawsuits, the Association of Officials and Lawyers for Animal Rights (AFADA) argued the ape had sufficient cognitive functions and should not be treated as an object. The court agreed Sandra, born into captivity in Germany before being transferred to Argentina two decades ago, deserved the basic rights of a “non-human person.” “This opens the way not only for other Great Apes, but also for other …

    December 21, 2014 4:33 pm
    0 Comments