Thursday, October 17, 2013

Jury Clears Mark Cuban of Insider Trading




Maury Phillips/Getty Images for DIRECTV



In a victory that could be as satisfactory as his Dallas Mavericks winning the NBA championship, Mark Cuban has beaten the Securities and Exchange Commission in a long-running contentious legal dispute.



The billionaire owner of Landmark Theatres, Magnolia Pictures and AXS TV, who also stars on ABC's popular Shark Tank, was charged with violating federal securities laws by trading on alleged inside information in the sale of Mamma.com. The SEC accused him of learning through the company's chief executive of a plan that would hurt the company's stock price. Cuban quickly sold his shares, avoiding $750,000 in losses, but he maintained that he didn't know that the information that was provided to him was confidential.


STORY: Mark Cuban Says Live TV Remains the Most Important Platform 


On the witness stand, Cuban testified that he didn't remember details of a conversation nearly a decade ago. Attorneys representing the SEC struggled to demonstrate his mindset at the time of the stock sale. The agency pursued the case for many years -- having the case dismissed by a judge before revived by an appellate court. Through that time, the SEC mocked Cuban's "Hollywood production schedule.” There were also Cuban attacks on the wisdom of the SEC's expenditure of time and resources to hunt him.


Cuban was facing $2 million in penalties if found liable.


Instead, after three and a half hours of deliberation, a jury found in his favor. The defendant reportedly smiled as the verdict was announced.


Twitter: @eriqgardner



Source: http://feedproxy.google.com/~r/THREsquire/~3/Eo9JbVUzzJY/story01.htm
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Wednesday, October 16, 2013

Burton and Taylor

Helena Bonham Carter as Elizabeth Taylor and Dominic West as Richard Burton.
Helena Bonham Carter as Elizabeth Taylor and Dominic West as Richard Burton.

Courtesy BBC America








Burton and Taylor, the second TV movie this year about the tempestuous relationship between Elizabeth Taylor and Richard Burton, airs on BBC America Wednesday night. The previous dramatization, Lifetime’s Liz & Dick, starred Lindsay Lohan as Taylor and risibly chronicled the pair’s entire relationship, beginning with their toga meet-cute on the set of Cleopatra. The melancholic Burton and Taylor stars Helena Bonham Carter and Dominic West, and it focuses specifically on a few weeks in 1983 when the two, divorced and in their 50s, reunited professionally to star in Noel Coward’s Private Lives on Broadway. Sometimes the near simultaneous release of two movies of a similar subject undermines them both—think Armageddon and Deep Impact, or the dueling Prefontaine films—but any comparison between Liz & Dick and Burton and Taylor immediately glorifies Burton and Taylor, a relatively restrained, non-campy duet that does not feature Lindsay Lohan in a fright wig, just Bonham Carter nailing Taylor’s helium-inflected but bawdily down-to-earth cadences. (In this movie, as with most of Bonham Carter’s work, I am reminded that her initials alone make her a HBIC.










Eschewing the height of Le Scandale, Burton and Taylor focuses on a quieter, less-sexy, less-triumphant moment in the pair’s love story. They are middle-aged, dancing to disco, not sleeping together, in relationships with other people, ensconced in various addictions, and, as celebrities, well into the trashy phase of their fame, a state of being the staging of Private Lives did nothing to remediate. (Here’s a New York magazine story about Taylor at the time that highlights just how gossipy the production was.) Private Lives is a comedy about a divorced couple, newly married to other people, who passionately, dysfunctionally fall back into bed together, a tale that, obviously, tracked closely with the real story of Burton and Taylor. (In the play, as in life, the woman Burton left for Taylor was named Sybil.)










In Burton and Taylor, Burton is frustrated by the parallels: He insists that Taylor not play to the crowd, not winkingly acknowledge that the audience is there to see Richard Burton and Elizabeth Taylor, not their characters, in bed. But Taylor takes the opposite view, arguing that if that’s what the audience wants to see, then that’s what the audience should get. Simply by existing, Burton and Taylor takes Taylor’s side of the argument: What, after all, is the appeal of a movie like Burton and Taylor except as front row seat to Liz and Dick’s private lives?












If, however, you are not already interested in Burton and Taylor’s private lives, Burton and Taylor may feel extremely wan and floppy: a series of scenes in which two people behave badly toward  each other while stutter-stepping toward nothing more than an emotionally honest conversation. The performances, Bonham Carter’s in particular, are very fine, but the dramatic stakes are very low. As with last year’s My Week with Marilyn, Burton and Taylor avoids retreading familiar material by picking a relatively quiet, unexplored interlude in a celebrity’s life—the stuff of tasteful restraint, but not exactly scintillating story. And it only scans as tasteful restraint if the audience can fill in all the salacious history for themselves.










For those who can, Burton and Taylor is much more effective. The movie accentuates the increasingly salient feature of their famous romance, which was not its glamour, but its tragedy. Their love affair, passionate as it was, established them forever in our collective memory as lovers, not thespians. Burton, one of the greatest stage actors of his generation, threw his talent into largely mediocre movies and Elizabeth. Taylor, capable of extraordinary work, by the last decades of her life was better known for her multiple marriages than her films. The two are the poster couple for the way fame warps one’s life and work. Burton and Taylor is the poster.








Source: http://www.slate.com/articles/arts/movies/2013/10/bbc_america_burton_and_taylor_starring_dominic_west_and_helena_bonham_carter.html
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Decision day in NJ's accelerated US Senate race

TRENTON, N.J. (AP) — New Jersey's abbreviated U.S. Senate race went to the voters Wednesday with candidates characterizing the contest as a referendum on the partisan gridlock that has paralyzed Washington in recent weeks.


Democrat Cory Booker and Republican Steve Lonegan each cast a ballot early in the morning in the special election to fill the seat of the late Sen. Frank Lautenberg, who died in June.


The election is the first since the partial federal government shutdown began more than two weeks ago. It came the same day Senate leaders announced a deal had been struck to reopen the government and avert a Treasury default.


"This is the only election in America right now where we will get a chance to make a statement about what is going on in Washington," Booker said after voting in downtown Newark. "This is a chance for us to send a message about the shutdown, about the gridlock, about all those forces that my opponent represents — the tea party — that says we shouldn't compromise, we shouldn't work together."


Booker, the high-profile mayor of New Jersey's largest city, had circulated a petition to end the shutdown and accused Congress of failing voters by not finding a way to work together.


Lonegan supported the shutdown, arguing the Affordable Care Act should be delayed a year and objecting to the concept of government-directed health insurance. In recent days, he has accused Booker of not even living in Newark.


After voting in Bogota, the city he led as mayor for three terms, Lonegan said he has been able to unite Republicans of all stripes.


"We've unified and I'm proud of that," he said. "The entire Republican party, from the tea party to the moderate wing to pro-life and not so pro-life. Everybody who cares about individual liberty."


In the shore town of Point Pleasant, nurse Mary Martin said she voted for Lonegan, a decision that wasn't influenced by the government shutdown.


"I'm a longtime Republican and I just think with the way we're headed, we need more conservative people in there," she said.


The two-month campaign played out under a compressed schedule and was the subject of controversy even before the two candidates were chosen.


Republican Gov. Chris Christie appointed a GOP caretaker and ordered the election held Oct. 16, the soonest date the law allowed following an unprecedented August primary.


Critics accused the governor of keeping the race off the Nov. 5 ballot, when he is up for re-election, to make it easier for him to win big as a Republican in a Democratic-leaning state and aid his potential national ambitions. During his first debate, he refused to rule out a run for president in 2016.


Public opinion polls showed Booker, 44, the second-term mayor of Newark, with a double-digit-percentage advantage heading into the election, where he hoped to secure a seat as the second African-American in the Senate along with Republican Tim Scott of South Carolina.


Booker on Wednesday called the opportunity to serve as senator "one of the greatest privileges any Jersey boy could have."


Marcy Phillips, a 30-year resident of Newark, covered her car in Booker signs and was driving around the city Wednesday urging people to vote.


"He's the best out of the candidates right now, and he's the one we need," she said. "As the mayor of Newark, he did his best and right now the whole city has changed."


Lonegan, 57, the former state director of Americans for Prosperity, a group advocating limited government that was founded by the billionaire Koch brothers, ran an aggressive, in-your-face campaign.


"We want a leader, not a tweeter," he said at one point, referring to Booker's prolific use of Twitter, where he has 1.4 million followers.


Both candidates drew on some big names for support — Oprah Winfrey helped raise funds for Booker, while the nation's largest tea party political action committee brought former Alaska Gov. Sarah Palin in to campaign for the GOP nominee.


The campaign took odd twists and turns for both candidates.


Booker was forced off-message to explain G-rated correspondence with a stripper he met while filming a social media documentary. Lonegan was forced to dump a longtime strategist after a lengthy, profanity-laced interview with a political website in which he claimed Booker's banter with the stripper "was like what a gay guy would say."


While in Newark, Booker has worked with Christie on common education goals, such as ending lifetime teacher tenure and increasing the number of charter schools. Newark schools remain under state control.


Lonegan repeatedly knocked Booker for the city's high crime rate and unemployment. At one point in the campaign, Booker announced a new crime-fighting strategy to cope with a string of 10 homicides in 10 days.


Lonegan said that as a mayor, he also has reached across the aisle in working with a Democratic borough council.


But Booker painted him as a tea party extremist, one who would — if sent to Washington — make the capital's gridlock worse.


___


Henry reported from Newark.


Source: http://news.yahoo.com/decision-day-njs-accelerated-us-senate-race-050236056.html
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FlyKly's Smart Wheel snaps onto your bike for 20MPH pedal assist


FlyKly


In retrospect, lower Manhattan probably wasn't the safest place to try the Smart Wheel for the first time. Thankfully, the prototype wasn't operating at top speed when I hopped on, for that very reason. The sensation's a bit weird for those unaccustomed to riding with a pedal assist, kicking in only when you actually start pedaling and gradually reaching the speed you've entered in the app. In its final version, that speed will max out at 20 miles an hour, for up to a 30-mile range. The motor weighs about nine pounds, snapping onto the rear wheel of most bikes without much in the way of installation. Also of note is the ability to remotely lock the wheel using the app to prevent someone from riding off with the bike -- and if they do, you can track the thief on your phone.


All of this is still early stages. The motor you see above is still a prototype. The final version will be offered in a number of different sizes and colors, assuming the company is able to hit its $100,000 Kickstarter goal. A $550 pledge will get you the Smart Wheel, along with FlyKly's Smart Light (which you can get as a standalone for $49). The light holds and charges your phone (via USB), while leading the way in the dark with an LED bulb. The company will also be opening up the app's SDK for use with additional hardware like the Pebble smartwatch. Check out a quick video of the above after the break.



FlyKly


See all photos

15 Photos





Source: http://www.engadget.com/2013/10/16/flykly/?ncid=rss_truncated
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Tina Fey, Amy Poehler back as Golden Globes hosts

NEW YORK (AP) — The duo of Tina Fey and Amy Poehler proved such a success at hosting the Golden Globes in January that they've been signed up for the same job for the next two years.


NBC, the Hollywood Foreign Press Association and producers of the Golden Globes announced the unusual two-year commitment on Tuesday. Next year's Golden Globes will be held in Beverly Hills, Calif., on Jan. 12.


Allen Shapiro, CEO of Dick Clark Productions, said the former "Saturday Night Live" chums have "a truly unique chemistry making them one of the most talented and captivating pairings of all time."


They were bathed in critical love for their performance this year, with Associated Press critic Frazier Moore calling them "the night's biggest winners." They got laughs without being polarizing, as was the case with predecessor Ricky Gervais. Poehler even poked fun during the show at the Hollywood debate over whether Gervais was too hard-edged in mocking Hollywood stars.


"We want to assure you that we have no intention of being edgy or offensive tonight," said Poehler, star of the NBC sitcom "Parks and Recreation." "Because, as Ricky learned the hard way, when you run afoul of the Hollywood Foreign Press, they make you host this show two more times!"


Fey, whose NBC comedy "30 Rock" ended this year, and Poehler were both nominated for best actress in a comedy or musical but lost to Lena Dunham, star of HBO's "Girls."


"Last year was really fun," Poehler said in an interview with the Hollywood Foreign Press Association. "We didn't know what to expect. It was exciting to work with Tina, as always, and it was a strange experience. We had a lot of fun so we said maybe we can try it again and like fools we are giving it another shot."


More important than critical support, Fey and Poehler were good for business. The Golden Globes had their best ratings in six years for the most recent presentation, and were up 17 percent over the 2012 show.


Source: http://news.yahoo.com/tina-fey-amy-poehler-back-golden-globes-hosts-154643600.html
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Talks Heat Up as Obama, Leaders Set Meeting (WSJ)

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Tuesday, October 15, 2013

Even Before The Shutdown, Food Supply Regulated Itself


There have been a lot of headlines during the government shutdown suggesting that that our food supplies may be at risk as agencies like the Food and Drug Administration and the Centers for Disease Control have furloughed workers. But food suppliers and processors increasingly rely on a large network of private companies to make sure food is safe.


Source: http://www.npr.org/templates/story/story.php?storyId=234887647&ft=1&f=1053
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