"It was a dumb incentive system," Buffett told CNN's Poppy Harlow.
The legendary investor said "incentives have terrific power" and that Wells Fargo (WFC) created a system that "produced bad behavior."
However, Buffett said he has not sold a single share of the bank since Wells Fargo admitted in September to creating as many as 2 million fake accounts and firing 5,300 of its workers related to the scandal.
Berkshire Hathaway is Wells Fargo's biggest shareholder and Buffett personally owns 2 million shares.
Buffett said he continues to have faith in Wells Fargo as an "incredible institution." It was Buffett's first public comments on Wells Fargo since the fake account scandal rocked the bank.
In the weeks since the news first broke, Wells Fargo's name has been dragged through the mud. The bank's CEO was humiliated and taunted on the floor of both the House and Senate. Members of Congress called Wells Fargo a "criminal enterprise" and Senator Elizabeth Warren's epic takedown of the CEO went viral.
Wells Fargo has since abandoned the unrealistic sales goals that employees blame for the millions of fake accounts. The blind pursuit of these goals led to a "toxic" culture that employees said was rife with bullying, intimidation and even retaliation against whistleblowers
Asked why he's sticking with Wells Fargo despite the controversy swirling around the bank, Buffett said he's sure this is not the only company he's invested in that has problems.
"It's not my job to run those companies," he said.
One of the reasons why there's been so much speculation over whether Buffett would continue to hold on to his Wells Fargo stock was the famous comments Buffett made 25 years ago to Congress. At that time there was a scandal rocking Salomon Brothers, an investment bank Berkshire had invested in, and Buffett was on the board of directors at Salomon.
"Lose money for my firm and I will be understanding; lose a shred of reputation for the firm, and I will be ruthless," Buffett testified before Congress in 1991.
Buffett was already an investing legend by then, but comments like this sealed his own reputation as an investor with values and integrity.
This time, Buffett is sticking by Wells Fargo. That doesn't mean he's shied away from criticizing the response by Wells Fargo and its former CEO.
Buffett described Stumpf as a "very decent man" who "made a hell of a mistake." But Buffett learned of the scandal only after he read media reports.
After seeing Stumpf downplay the situation during a CNBC interview in September, Buffett called him. "I said, 'I don't think you've gotten the gravity of the situation.'"
Asked if he felt misled by Stumpf, Buffett said that he didn't.
"I feel he made a hell of a mistake...and he didn't correct it," Buffett said.
Buffett said he didn't want to draw too much of a parallel between Stumpf's inaction and that of John Gutfreund who was the CEO of Salomon during its scandal.
"John Gutfreund didn't commit the act of Solomon that caused the problem, He sucked his thumb...when he learned about it," Buffett said. "And then it mushroomed, as problems do, out of control. And then, being behind the curve, he didn't know what to do exactly."
Buffett said he did not tell Stumpf to step down. That's because he's not technically allowed to do so. Buffett had agreed to become a "passive" investor in Wells Fargo as part of an agreement with the Federal Reserve when Berkshire boosted its stake to 10%, or 490 million shares. Of course, Buffett did speak with Stumpf, who was chairman of the board at the time.
Buffett disagreed with critics who think Wells Fargo should have hired an outsider for the top job instead of Tim Sloan, a 29-year veteran of the bank, who replaced Stumpf.
"I think Tim Sloan's exactly right," Buffett said, adding that the two met in Omaha over lunch.
However, Buffett acknowledged Sloan has his job cut out for him.
"It takes time to restore trust," Buffett said.
The Shanghai Composite has soared 12% so far in October after its dramatic 34% plunge between June and September.
China's turmoil was largely to blame for the global market sell-off this summer, when CNN's Fear and Greed index was flashing "extreme fear" for days.
So you could make the case that the rebound in China is what's helping lift investor sentiment around the world right now.
So is the worst really over in China? It's probably too soon to tell.
But here's a potentially good sign. The rally is being led by big Chinese blue chips, not speculative momentum stocks.
China's top stocks are surging
Alibaba is even feeling confident enough to start shopping. The company announced last week it was planning to buy the remaining stake in Youku Tudou (YOKU) -- aka China's YouTube -- that it didn't already own.
Financial firms Noah Holding (NOAH) and China Life Insurance (LFC) have rallied sharply. So have shares of Aluminum Corp. of China (ACH), hotel operator China Lodging (HTHT) and Yanzhou Coal Mining (YZC).
Investment strategists like to see broad-based rallies. It's more troublesome when only a handful of companies in one or two groups is doing well. That's clearly not the case here.
So will the trend continue? It's worth noting that the Shanghai Composite barely budged after the release of China's most recent GDP numbers Monday.
China's economy is slowing ... but that may not be the end of the world
That's encouraging since the numbers were not fantastic. Growth slowed to 6.9% in the third quarter -- the slowest rate since the 2008-2009 financial crisis.
Still, GDP was a bit higher than what economists surveyed by CNNMoney were expecting. At the very least, it has reassured investors that the sky is not falling.
That may be enough to keep the rally going. China doesn't have to prove that it has a plan to accelerate growth again. That's unrealistic. It simply needs to stop the bleeding.
"The key question, of course, is when China will be able to say that it has 'stopped the rot' in terms of slowing economic momentum," wrote David Kelly, chief global strategist with JPMorgan Funds, in a report Monday.
One way to 'stop the rot' is to send signals that more stimulus is on the way.
It's widely expected that China's government and central bank will do more to keep the economy and stock market from slowing much further.
Another bad news is good news rally?
So the October rebound may be a case of bad news being interpreted as good news by investors. Economic weakness = more easy money policies.
This line of thinking appears to be fueling stocks in Europe too, where hopes are running high that the ECB may buy more bonds due to concerns about deflation.
And a weak jobs report in the U.S. earlier this month has some investors thinking that the Federal Reserve could now hold off on a rate hike until next spring.
But investors will eventually want to see more proof that China is stabilizing. Economists at Barclays are still worried about how China's economy will fare next year, calling it a "bumpy road in China's transition."
"We continue to see three major headwinds: excess capacity in many industries, oversupply in the housing market, and high debt burdens," the economists wrote in a report Monday.
It's also not clear just how healthy the Chinese consumer is either.
(CNN)They left this world with no family or close friends around to mourn them. Still, they weren't laid to rest alone.
(CNN)They left this world with no family or close friends around to mourn them. Still, they weren't laid to rest alone.
CNN)Robert Vaughn, who played a slick spy on TV's "The Man From U.N.C.L.E.," died Friday, his manager, Matthew Sullivan, told CNN. He was 83.
(CNN)Leeanne Hester was seeing a patient when she suddenly felt like she was going to pass out and had to excuse herself from the room. The 23-year-old was working a part-time job at a primary care physician's office while close to finishing earning her master's degree in public health at George Washington University in the early summer of 2013.
(CNN)Where there is danger, where there is death, there is also responsibility.
(CNN)In 1928, Irish pilot Lady Sophie Marie Heath made history with the first solo flight across the length of Africa, an 8,000-mile journey from Cairo to Cape Town.
COLUMBUS, Ohio — On Friday night, just before kickoff of a World Cup qualifying match against Mexico, the most ardent fans of the United States men’s national soccer team will unveil a giant graphical display, known as a tifo, at one end of Mapfre Stadium to show their support for the Americans.
Tifos are common before big games — the last time these teams played here, the American tifo was of an enormous eagle above the word “HOME” — and their designs and messages are closely held secrets until they are revealed. But the one that will be revealed Friday will be just a little different from most: It will be missing one of its panels.
The piece, according to one of the tifo’s designers, was removed this week because of the charged political atmosphere that has followed Donald J. Trump’s victory in Tuesday’s presidential election. According to Kevin Glenn, a designer and local chapter vice president of the supporters group known as the American Outlaws, the deleted panel “wasn’t derogatory toward Mexican fans, but it was ribbing, or maybe intimidating,” and given the current climate, “it just didn’t need to be there.”
“It probably wouldn’t have caused any issues,” Glenn said, “but we just don’t want a potential for any blemish on this at all.”
Such restraint is notable within the soccer world — where fans, particularly in Europe and elsewhere, can often be obscene, if not disgraceful, in their en masse behavior — but it is also representative of the unusual feelings around this game, which is the most significant sporting event involving an American national team since Mr. Trump became the president-elect.
Fans of Mexico’s soccer team cheered at the 2015 Concacaf Cup in Pasadena, Calif. The Cup, between the United States and Mexico, determined Concacaf’s entry into the 2017 FIFA Confederations Cup. Mexico won, 3-2, after extra time. Credit Mark Ralston/Agence France-Presse — Getty Images
That the match is against Mexico — whose citizens Mr. Trump insulted during his campaign and whose northern border Mr. Trump has vowed to separate from the United States with a massive wall — has only furthered the abnormal vibe.
“It’s been very, very intense,” said Manny Zambrano, who was born in Monterrey, Mexico, but has lived in Columbus since he was 9. “Obviously the election took most everyone by surprise.”
Zambrano will be at the match on Friday night supporting Mexico. It is expected that only a few hundred fans out of the more than 20,000 inside Mapfre Stadium will be cheering for the visitors — that is one of the reasons U.S. Soccer has chosen to play this game here — but many other Mexico fans will be part of the pregame tailgates around the venue and will watch the game at nearby bars and restaurants.
Another Mexican supporter, Blanca Garcia, said she and a large group of friends who will attend the game and cheer for Mexico had a meeting this week that quickly turned emotional, as a discussion that was supposed to be about the game kept veering back to politics.
Garcia said her fan group was organizing an elaborate pregame party near the stadium, which will include Mexican musicians, a D.J. and free food during the buildup to the game. Anyone is welcome to come to the gathering, she said, and she expressed hope that there would not be any conflicts between Mexico fans and those arriving to cheer the United States.
“Honestly, from the talks we had yesterday — people are scared,” she said, referring both to the game and to the future under Mr. Trump. “They’re scared in a way that they don’t want to be disrespected, don’t want to be cut down. They don’t want to be disrespected and have to sit back and not do anything or say anything.”
Ms. Garcia added that, for her, like many Americans, the results of the election had prompted a re-examination of what she thought she knew about the leanings of others within her community. While some might assume that all the members of her group would have opposed Mr. Trump’s election, she said that actually was not the case. That led to some frank exchanges this week.
“I felt like I was definitely angry with some of the things I was hearing them say,” Garcia said, noting that one friend, whose parents are Mexicans with permanent residency in the United States, was outspoken in supporting Mr. Trump and his plan to build a wall. “He thinks there are a lot of people here that shouldn’t be here,” she said. “We have people in our group that are undocumented, who want desperately to stay and aren’t doing anything, so it was very awkward.”
Brock Hemphill, the president of the American Outlaws chapter here and a veteran of earlier U.S.-Mexico meetings here, said the group’s organizers had taken steps to ensure that the atmosphere at the stadium was rowdy but respectful. The Outlaws plan to sing a verse from a Woody Guthrie folk song, “This Land Is Your Land,” before the game, and the group will place monitors wearing yellow badges in each of the sections.
There had been online talk among some fans, Hemphill said, about possibly chanting, “Build that wall!” and other taunts at Mexico fans, but “we’re going to shut anything like that down immediately.”
A fan of the United States team at the Rose Bowl in 2015 before the game against Mexico. Credit Kevork Djansezian/Getty Images
On Thursday, at the Outlaws’ traditional night-before party, Mexican fans mingled easily with American fans at a bar. Several players from the United States team, which has players from a wide variety of ethnic backgrounds, said they expected the crowd at the game to be inclusive — yet still passionate.
“People want to politicize this game, but I don’t think there is a need for that,” Alejandro Bedoya, a New Jersey-born midfielder of Colombian descent, said.
The coaches for the teams — both of whom immigrated to the United States — struck a similar tone, though Javier Hernández, Mexico’s star forward, said he understood the passion that some Mexican fans, in particular, might feel about the game coming so soon after the election.
“There are moments that are not so nice for some people, and it wasn’t the best for Latinos and all of us,” Hernández said in an interview with Univision this week. “Sadly, that was the decision that the country took. If our game can give them some joy and take away the sadness they are going through, well, good then.”
Of course, that sentiment seems to presuppose certain leanings for a large demographic group as well, and postelection results have indicated that such blanket suppositions are misguided. That is why, Garcia said, her group of pro-Mexico fans ultimately decided to do its best to table any political talk and, for a few hours at least, just focus on the game.
“It’s been so powerful, but we’re putting aside what happened on Tuesday and trying not to make things bad at the game,” she said.
Then she hesitated. “Or, at least, not make things worse.”
The league has seen its television ratings plunge this season, something that Goodell has said is related to a number of factors, including the intense interest in the presidential election, as well as shifts in the way fans have been watching games.
Though television ratings are down by double digits so far this season, Goodell said that N.F.L. ratings had risen 27 percent in the past decade even as ratings for prime-time television had fallen 36 percent. Speaking on Thursday at the annual DealBook conference hosted by The New York Times, he called this year’s decline “cyclical.”
Goodell noted, though, that the pace of games could also be a factor in the ratings decline. Fans have complained for years that games are too long, and they frequently express annoyance at the number of commercial breaks and video reviews. Last season, the average length of regular-season games, from kickoff to final whistle, was 3 hours 8 minutes, six minutes longer than in 2008.
Goodell said the league was considering a number of potential solutions to improve the pace of games, including running fewer advertisements and changing when they run. The league is also looking at ways to speed up video reviews by its officials as well as the time it takes referees to announce penalties on the field.
“We want to take as much what we call dead time, non-action out of the game, so that we can make the game more exciting,” Goodell said.
The league has expanded the number of games it plays on Thursday nights and overseas, leading some to speculate that the N.F.L. may be reducing interest in the game. Goodell said he was mindful of that possibility.
“Every game counts, so that makes our inventory incredibly valuable,” he said, adding that the league has to be careful not to saturate the market.
Goodell said he was aware of a surge of complaints that officials were botching calls on the field. He said the league was looking at how best to use technology to improve officiating without slowing down the game. “I was at Giants Stadium in the parking lot last weekend, and I got a lot of feedback from fans,” he said.
Goodell was uncertain how the election of Donald J. Trump — who brought a lawsuit against the league three decades ago — would affect the N.F.L. He noted that Trump favored less regulation, but he said that the primary concern for the league was its ability to reach fans through the media and technology. It was unclear what changes, if any, a Trump administration might make that would affect those industries.
Washington (CNN)Green Party officials filed Friday for a recount in Wisconsin, following reports of voting discrepancies, and were seeking a deeper investigation into the election results, which handed the state to Donald Trump two weeks ago.
The Black Friday weapon sales are not driven by the Christmas spirit since gun laws in many states prohibit buying guns for someone else. The sales are driven by sharp discounts.
Dr. Joseph Feldman, a surgeon from neighboring Montville, was buying a $500 Sig Sauer scope for his R.E.P.R. semiautomatic rifle from the manufacturer LWRCI, one of four AR-15s that he owns. He was also buying ammunition for the AR-15s and had his eye on a Henry, a vintage-style lever action rifle manufactured in nearby Bayonne.
"I like to have lots of ammo on hand," he said.
Feldman, 56, estimated that purchasing these scope, ammo and the Henry rifle on Black Friday, with his gun range member discounts, would save him about $500.
The store was crowded with gun owners waiting for a turn at the indoor range, their firearms locked in carrying cases, as required by state law.
This turnout was in spite of the fact that Hillary Clinton -- the gun industry's biggest boogieman with her gun control policies -- failed to win the White House.
Rick Friedman, co-owner of RTSP said he'd stocked eight to 12 months' worth of guns and ammo, anticipating a frenzied demand if Clinton had won.
"We were gearing up for a much different result," he said. "[But] if you're in this industry you're obviously very happy about the result."
Friedman figured that he'd take longer to sell off the inventory now that NRA-endorsed Donald Trump is headed for the White House.
Ryan Reyes, manager of LI Outdoorsman, a gun store in Rockville Centre on Long Island, New York, said sales were driven by "the politics up until right before the election."
But on Black Friday, he said customers were lured by discounts of 10% to 50%. He had sold 15 guns on Black Friday instead of the usual two or three, before the day was even over.
"It's just crazy in here with all the discounts," he said. "We've been getting calls all week about the discounts, and it was a slow week."
Washington (CNN)President-elect Donald Trump has begun assembling his administration -- the country's first indication of how he will govern from the White House.
Mosul, Iraq (CNN)Omar Ali stands outside his home in eastern Mosul weeping. The young father's sense of relief after being liberated from ISIS has been replaced by a feeling of unbearable loss.
(CNN)A legal tug-of-war between Ugandan authorities and a for-profit international chain of schools has led to the education provider being ordered to shut down in a matter of weeks, leaving the lives of thousands of pupils in limbo.
When I transferred (my two grandchildren) to Bridge, in less than one term they had made huge improvements. They can now read and write well on their own.
Daifa Maimuna, a grandparent from BIA's Adalafu Academy
When I transferred (my two grandchildren) to Bridge, in less than one term they had made huge improvements. They can now read and write well on their own.
Daifa Maimuna, a grandparent from BIA's Adalafu Academy
(CNN)They may be teenagers, but 17-year-old Brittany Bull and 16-year-old Sesam Mngqengqiswa have grand ambitions -- to launch Africa's first private satellite into space.
Using the data transmitted, "we can try to determine and predict the problems Africa will be facing in the future", explains Bull, a student at Pelican Park High School.
(CNN)Nicole Kidman wants to keep adoption "very much a part of our conversation," and her latest role in "Lion" is doing exactly that.
(CNN)Despite having a career which spanned more than half a century, Florence Henderson was most known for her role as Carol Brady.
(CNN)The FBI has closed an investigation into child abuse allegations against Brad Pitt involving one of his children, an FBI spokeswoman said.
For the time being, the children are staying in their mother's custody and have "therapeutic visits" with their father, Jolie's representatives said previously.
(CNN)News that Kanye West has been hospitalized resulted in an outpouring of well wishes for the rapper.
Martin made the announcement in an ad that appeared in the Zanesville Times Recorder on Thursday, which read in part:
Thank you, thank you, thank you. There's not a more perfect day for me to express those feelings. There are so many ways to announce your after professional career plans. My family and close friends have known since June of the direction I wanted my life to go. Those were the toughest conversations that I have ever had but with the ultimate support I knew I was making the right decision.
Martin last appeared in an NBA game on May 12 in Game 6 of the Western Conference Semifinals as a member of the San Antonio Spurs. He grabbed two rebounds in just under six minutes.
The 33-year-old Martin played for five teams during his NBA career. The Sacramento Kings originally selected him 26th overall in 2004, and he spent five-and-a-half years with the franchise before it traded him to the Houston Rockets in 2010.
In three seasons with the Rockets, Martin had the most successful stretch of his career, averaging 21.3 points, 3.0 rebounds and 2.5 assists per game. Following his stint in Houston, he also spent time with the Oklahoma City Thunder and Minnesota Timberwolves before joining the Spurs in March.
Prior to debuting in the Association, Martin emerged as a dynamic talent during his college career at Western Carolina. During his junior season in 2003-04, he averaged 24.9 points per game and notched 44 against Georgia.
Martin never emerged as a superstar in the NBA, but he was a valuable role player who carved out a terrific career for more than a decade because of his ability to score. He's hanging up his basketball shoes without much fanfare but has a lot to look back on fondly.
WASHINGTON — The Obama administration said on Friday that despite Russian attempts to undermine the presidential election, it has concluded that the results “accurately reflect the will of the American people.”
The statement came as liberal opponents of Donald J. Trump, some citing fears of vote hacking, are seeking recounts in three states — Wisconsin, Michigan and Pennsylvania — where his margin of victory was extremely thin.
A drive by Jill Stein, the Green Party candidate, for recounts in those states had brought in more than $5 million by midday on Friday, her campaign said, and had increased its goal to $7 million. She filed for a recount in Wisconsin on Friday, about an hour before the deadline.
In its statement, the administration said, “The Kremlin probably expected that publicity surrounding the disclosures that followed the Russian government-directed compromises of emails from U.S. persons and institutions, including from U.S. political organizations, would raise questions about the integrity of the election process that could have undermined the legitimacy of the president-elect.”
That was a reference to the breach of the Democratic National Committee’s email system, and the leak of emails from figures like John D. Podesta, Hillary Clinton’s campaign chairman.
“Nevertheless, we stand behind our election results, which accurately reflect the will of the American people,” it added.
Supporters of Mrs. Clinton have enthusiastically backed the notion of challenging the results in the three states as a last-ditch effort to reverse Mr. Trump’s clear majority in the Electoral College. They have seized on suggestions by some computer scientists that the states, which were crucial to Mr. Trump’s victory, need to manually review paper ballots to ensure the election was not hacked.
The campaign, uniting around the hashtag #AuditTheVote, has picked up momentum among grass-roots activists still mourning Mr. Trump’s victory. But the pleas for recounts have gained no support from the Clinton campaign, which has concluded that it is highly unlikely to change the outcome.
In Michigan, Ms. Stein must wait for a Monday meeting of the state’s Board of Canvassers to certify the results of the Nov. 8 balloting before filing for a recount. In Pennsylvania, where paper ballots are used only in some areas, election officials said that the deadline to petition for a recount had passed, but that a candidate could challenge the result in court before a Monday deadline.
The recount efforts have generated pushback by experts who said it would be enormously difficult to hack voting machines on a large scale. The administration, in its statement, confirmed reports from the Department of Homeland Security and intelligence officials that they did not see “any increased level of malicious cyberactivity aimed at disrupting our electoral process on Election Day.”
The administration said it remained “confident in the overall integrity of electoral infrastructure, a confidence that was borne out.” It added: “As a result, we believe our elections were free and fair from a cybersecurity perspective.”
Emails of John D. Podesta, Hillary Clinton’s campaign chairman, were leaked after Russian government-directed hacking. Credit Sam Hodgson for The New York Times
However, intelligence officials are still investigating the impact of a broader Russian “information warfare” campaign, in which fake news about Mrs. Clinton, and about United States-Russia relations, appeared intended to influence voters. Many of those false reports originated from RT News and Sputnik, two state-funded Russian sites.
Those fake-news reports were widely circulated on social media, independent studies, including one set for release soon, have shown, sometimes in an organized fashion by groups that appear to have had common ownership. Individuals, conservative talk-show hosts and activists recirculated them, often not knowing, or apparently not caring, about the accuracy of the reports.
A study published just before the election on warontherocks.com, written by Andrew Weisburd, Clinton Watts and J. M. Berger, documented efforts by “trolls” to attack the reputations of those who challenged Russia’s activities in Syria, and to spread rumors about Mrs. Clinton’s health. The study said that an effort to track 7,000 social media accounts over two and a half years indicated that support for Mr. Trump “isn’t the end of Russia’s social media and hacking campaign in America, but merely the beginning.”
But the misinformation effort is far from black-and-white. Many people who spread false news have no connections to any foreign power, including a man in Austin, Tex., who posted a Twitter message saying that paid protesters were being bused to an anti-Trump demonstration there. Though the report quickly went viral, the buses, it turned out, were there for a corporate conference.
Other examples, including one studied by a group called Propaganda or Not and first cited by The Washington Post, appear to have more concrete connections to Russia. In late August, stories suggesting that Mrs. Clinton might have Parkinson’s disease were circulated on trupundit.com, which often runs pro-Russian material. It clearly twisted an email sent by one of Mrs. Clinton’s top aides about a drug called Provigil that is used to treat sleepiness. It has also been prescribed to patients with sleepiness as a side effect from several different ailments, the email added, including “Parkinson’s, Alzheimer’s and multiple sclerosis.”
That single reference was enough to create a fake story suggesting that Mrs. Clinton was being treated for Parkinson’s.
The allegation was quickly shot down by several news organizations. It made little difference: Propaganda or Not, made up of former national security, intelligence and other professionals, and some workers at Google and other technology firms, concluded that it was reproduced tens of thousands of times, sometimes by botnets, and viewed millions of times.
But it is not known whether that news was circulated under Russian government direction, or simply by Russian sympathizers, or Mrs. Clinton’s opponents.
The barrage of online efforts to influence the election this year has prompted broader concerns that similar attempts, directed by the Kremlin or its surrogates, could now be focused on elections next year in Germany and France. The goal, intelligence officials and outside experts fear, is to undermine the cohesiveness of the Western alliance, particularly NATO members, by calling into question the validity of democratic elections.
“We simply don’t know what the effects of the ‘fake news’ and other disinformation was,” said Jason Healey, an expert on cyberconflict at Columbia University. “If they were able to influence in favor of Trump by one or two percentage points in some places, they will be encouraged to try again for the French and the Germans.”
The efforts have also prompted debate inside Facebook and other social media firms about their responsibility to filter out false news. But doing so is a complex task, akin to editing a news operation, and it comes with complex political calculations: Once social media firms begin editing here to American standards, they will be under pressure from authoritarian regimes to do the same to their standards.
In its statement, the administration focused chiefly on the threat of Russian manipulation of the vote on Election Day, not on the proliferation of propaganda and fake news.
Ms. Stein, of the Green Party, acknowledged on Thursday in an interview with the PBS “NewsHour” that it was unlikely that recounts could change the results. Still, she said that “this was an election in which we saw hacking all over the place,” and that “at the same time, we have a voting system which has been proven to basically be wide open to hackers.”
Hillary Clinton’s lead in the popular vote is growing. She is roughly 30,000 votes behind Donald J. Trump in the key swing states of Michigan and Wisconsin — a combined gap that is narrowing. Her impassioned supporters are now urging her to challenge the results in those two states and Pennsylvania, grasping at the last straws to reverse Mr. Trump’s decisive majority in the Electoral College.
In recent days, they have seized on a report by a respected computer scientist and other experts suggesting that Michigan, Pennsylvania and Wisconsin, the keys to Mr. Trump’s Electoral College victory, need to manually review paper ballots to assure the election was not hacked.
“Were this year’s deviations from pre-election polls the results of a cyberattack?” J. Alex Halderman, a computer science professor at the University of Michigan who has studied the vulnerabilities of election systems at length, wrote on Medium on Wednesday as the calls based on his conclusions mounted. “Probably not.”
More likely, he wrote, pre-election polls were “systematically wrong.” But the only way to resolve the lingering questions would be to examine “paper ballots and voting equipment in critical states,” he wrote.
Tellingly, the pleas for recounts have gained no support from the Clinton campaign, which has concluded, along with outside experts, that it is highly unlikely the outcome would change even after an expensive and time-consuming review of ballots.
But that has not quieted Mrs. Clinton’s supporters, who see the inequity of her growing lead in the national popular vote, which is now more than two million votes, or 1.5 percent of all ballots cast, according to the nonpartisan Cook Political Report, which regularly updates its count as states continue to tally and to certify votes.
Since there is currently no effort to review the paper ballots — which exist in Michigan and Wisconsin, but only in parts of Pennsylvania — conspiracy theories about the 2016 election may live on for years. After United States intelligence agencies accused Russia of trying to influence the election by stealing and publishing emails from the Democratic National Committee and a range of other institutions and prominent individuals, the United States went on high alert to determine if there was any attempt to sabotage the vote count. So far, no one in the Obama administration has indicated that there is any such evidence.
In the three battleground states, Mrs. Clinton is behind by 1.2 percent or less, and the final results have not yet been certified.
Uniting around the social media hashtag #AuditTheVote, the campaign-after-the-campaign has picked up momentum among grass-roots activists still mourning Mr. Trump’s victory and who echo, paradoxically, his pre-election complaint that the vote was “rigged.”
“Based on the information of the intelligence community that Russia was actively trying to screw around with our election, I thought why not take the time and question this,” said Michelle Zuckerman-Parker, an engineer in Pittsburgh, who on Wednesday planned to petition her county election board for a recount of the Nov. 8 vote.
That view spread quickly on social media on Tuesday evening when New York magazine published an article about Professor Halderman and others who had contacted the remnants of the Clinton campaign. It also generated pushback by experts who said that even though it was theoretically possible to hack voting machines, it would be enormously difficult — because it would have to be highly targeted in key precincts and conducted on a scale required to assure Mr. Trump’s victory.
Time may have already run out. Pennsylvania allows individual voters to petition for a recount, but the deadline was Sunday, said Wanda Murren, a spokeswoman for the Pennsylvania Department of State. A candidate can also contest an election in court, and the deadline is Monday.
Michigan and Wisconsin have not reached their deadlines for seeking a recount, but they will in days. So far, Mrs. Clinton has not requested any action, said Reid Magney, a spokesman for the Wisconsin Elections Commission.
Until the publication of Professor Halderman’s work, Clinton supporters had few reasons to hope. He did not offer them much: He noted that while the voting machines used in those states are not connected to the internet during the election, they are programmed before the election. The data is usually transferred on a USB stick or other data card.
“If attackers can modify that software by infecting the machines with malware, they can cause the machines to give any answer whatsoever,” Professor Halderman wrote.
The problem, as Bruce Schneier, a security expert who has written often on the issue, noted in an interview, is that the usual triggers for a recount — a very close margin between two candidates — make little sense in a world of state-sponsored computer hackings. A truly sophisticated hacking would result in a wider margin of victory that would not set off an automatic recount.
Mrs. Clinton would have to triumph in all three states to win the Electoral College. The electors will meet in December to formally choose the president. And there, Mr. Trump is ahead by 290 votes to Mrs. Clinton’s 232, with Michigan still officially uncalled.
As of Wednesday, Mr. Trump’s lead in Michigan had shrunk to 10,704 votes, or 0.2 percent, according to the National Popular Vote Tracker maintained by the Cook Political Report.
Mr. Trump’s lead in Wisconsin has narrowed to 22,525 votes, or 0.8 percent. In Pennsylvania, his lead slightly grew on Wednesday, to 70,010, or 1.2 percent.
The Clinton campaign did not respond to requests for comment. Other Democrats said it was time to move on.
“I’m not sure it’s possible to undo the results, and all the people are focusing their energy on opposing the worst ideas of this administration at this point, not the legitimacy of the results,” said Daniel Doubet, an organizer for Keystone Progress, a liberal group in Pennsylvania.
Those pushing for a recount say they are trying to pick up the fight for a tired and demoralized candidate and her staff.
“The Democratic Party and the Hillary campaign are exhausted, and they’re really hurting, and they may not have the clarity,” said Ms. Zuckerman-Parker, who briefly volunteered for the Clinton campaign.
On social media, supporters pleaded with the campaign to act. “Please @HillaryClinton @timkaine call for #AuditTheVote,” wrote Writerchick on Twitter, appealing to Mrs. Clinton and her running mate, Senator Tim Kaine of Virginia. “We are all working so hard for you, make the call, the nation is depending on you.”
By poring over local election results online, the Audit the Vote crowd uncovered what appeared to be anomalies in the counting. Helen Manich of National Harbor, Md., for one, noticed that Sauk County, Wis., reported that 31,838 ballots were cast overall, but the total votes for presidential candidates numbered 34,323.
Such glitches are not uncommon, election experts said. They are usually ironed out in the process of certifying results. Although those certifications might change the results by several hundred or several thousand votes, they are highly unlikely to move tens of thousands.
To shift the Electoral College, Mrs. Clinton would not only have to reverse her current deficits in Wisconsin and Michigan but also in Pennsylvania, which experts say is highly unlikely.
There is widespread confusion on social media about how recounts are generated. A flood of Twitter users have urged Clinton supporters to call the United States Department of Justice, even though it is states that certify election results.
Ms. Zuckerman-Parker was furiously trying to organize voters around the states to file petitions demanding a recount this week.
“It’s like this fever approach happening in the last few hours,” Melissa Lang of Allegheny County, Pa., said on Tuesday, describing her efforts to reach out to voters across the state using social media.
But Ms. Murren, the Pennsylvania State Department spokeswoman, said the deadline for such petitions had come and gone.
“Our staff is not aware of any petitions for precinct-level recounts in the presidential race,” she said.
Dak Prescott accounted for two touchdowns, his fellow rookie Ezekiel Elliott ran for two more, and the Dallas Cowboys extended their franchise regular-season record with a 10th straight victory, beating the Washington Redskins, 31-26, on Thursday.
Prescott tied Don Meredith’s 50-year-old club record for quarterbacks with his fifth rushing touchdown, and the N.F.L.-leading Cowboys won despite 449 yards passing and three touchdowns from Kirk Cousins, the first Redskins quarterback to post two 400-yard games in a season.
Dallas Coach Jason Garrett praised Prescott’s play.
“Over and over and over again, at critical moments, he came up with a big play, whether it was a third down, down in the red zone, again and again and again he just played winning football for us,” Garrett said.
The Redskins, the defending division champions, were swept by their N.F.C. East rival Dallas and fell three and a half games behind the Cowboys with five games left after their seventh Thanksgiving loss to them in eight tries.
The 21-year-old Elliott, the N.F.L.’s rushing leader, had 97 yards, giving him 1,199 for the season.
The Cowboys’ eight-game streak of at least 400 yards on offense ended, as they finished with 353. But Dallas answered with touchdowns when the Redskins pulled within a score on Cousins’s 5-yard pass to Jordan Reed and again on his 67-yard throw to DeSean Jackson, who had 118 yards receiving.
After Cousins’s second scoring toss to Reed, an 8-yarder with 1 minute 53 seconds remaining, Dustin Hopkins’s onside kick went out of bounds and the Cowboys ran out the clock.
Reed had 10 catches for 95 yards after missing most of the first half with an injury to his left shoulder, sustained when he leapt for a pass over his head in the end zone.
Cousins, who was 41 of 53, finished 8 yards shy of his career high.
Prescott was 17 of 24 for 195 yards and one touchdown. He had eight carries for 39 yards, including a career-long 18-yarder.
LIONS 16, VIKINGS 13 Matt Prater kicked a 40-yard field goal as time expired after Darius Slay’s interception with 30 seconds left, lifting host Detroit over Minnesota and into sole possession of first place in the N.F.C. North.
The Lions have won six of seven, including two against the Vikings this month, despite having trailed in the fourth quarter of every game this season.
They extended their N.F.L. record of having their first 11 games decided by 7 points or fewer.
Minnesota has lost five of six, plummeting out of first place after surging to the top of the division by winning its first five games.
The Vikings could have played for overtime on their last drive, but Coach Mike Zimmer allowed Sam Bradford to throw. Slay made him regret it, setting up Prater’s winning kick.
Prater made a game-tying 58-yard field goal at the end of regulation earlier this month at Minnesota, and Detroit won in overtime.
If the two teams finish the regular season tied atop the division, Detroit would win the tiebreaker.
STEELERS 28, COLTS 7 Ben Roethlisberger threw touchdown passes of 25, 33 and 22 yards to Antonio Brown, connecting in the first, second and fourth quarters, as Pittsburgh won at Indianapolis.
Le’veon Bell opened the scoring for the Steelers with a 5-yard run, and Roethlisberger and Brown hooked up for their first touchdown with about a minute left in the opening quarter, giving Pittsburgh a 14-0 lead.
Donte Moncrief scored the Colts’ only touchdown about three minutes later, on a 5-yard pass from Scott Tolzien, who started in place of the injured Andrew Luck.
Tolzien was 22 of 36 for 205 yards, with two interceptions.
Roethlisberger was 14 of 20 for 221 yards, as the Steelers took over first place in the A.F.C. North.
Steve Cara expected to sail through the routine medical tests required to increase his life insurance in October 2014. But the results were devastating. He had lung cancer, at age 53. It had begun to spread, and doctors told him it was inoperable.
A few years ago, they would have suggested chemotherapy. Instead, his oncologist, Dr. Matthew D. Hellmann of Memorial Sloan Kettering Cancer Center in New York, recommended an experimental treatment: immunotherapy. Rather than attacking the cancer directly, as chemo does, immunotherapy tries to rally the patient’s own immune system to fight the disease.
Uncertain, Mr. Cara sought a second opinion. A doctor at another major hospital read his scans and pathology report, then asked what Dr. Hellmann had advised. When the doctor heard the answer, Mr. Cara recalled, “he closed up the folder, handed it back to me and said, ‘Run back there as fast as you can.’”
Many others are racing down the same path. Harnessing the immune system to fight cancer, long a medical dream, is becoming a reality. Remarkable stories of tumors melting away and terminal illnesses going into remissions that last years — backed by solid data — have led to an explosion of interest and billions of dollars of investments in the rapidly growing field of immunotherapy. Pharmaceutical companies, philanthropists and the federal government’s “cancer moonshot” program are pouring money into developing treatments. Medical conferences on the topic are packed.
All this has brought new optimism to cancer doctors — a sense that they have begun tapping into a force of nature, the medical equivalent of splitting the atom.
“This is a fundamental change in the way that we think about cancer therapy,” said Dr. Jedd Wolchok, chief of melanoma and immunotherapeutics services at Memorial Sloan Kettering.
Hundreds of clinical trials involving immunotherapy, alone or combined with other treatments, are underway for nearly every type of cancer. “People are asking, waiting, pleading to get into these trials,” said Dr. Arlene Siefker-Radtke, an oncologist at the University of Texas M.D. Anderson Cancer Center in Houston, who specializes in bladder cancer.
The immune system — a network of cells, tissues and biochemicals that they secrete — defends the body against viruses, bacteria and other invaders. But cancer often finds ways to hide from the immune system or block its ability to fight. Immunotherapy tries to help the immune system recognize cancer as a threat, and attack it.
Doctors tried a primitive version of immunotherapy against cancer more than 100 years ago. It sometimes worked remarkably well, but often did not, and they did not understand why. Eventually, radiation and chemotherapy eclipsed it.
Researchers are now focused on two promising types of immunotherapy. One creates a new, individualized treatment for each patient by removing some of the person’s immune cells, altering them genetically to kill cancer and then infusing them back into the bloodstream. This treatment has produced long remissions in a few hundred children and adults with deadly forms of leukemia or lymphoma for whom standard treatments had failed.
The second approach, far more widely used and the one Mr. Cara tried, involves mass-produced drugs that do not have to be tailored to each patient. The drugs free immune cells to fight cancer by blocking a mechanism — called a checkpoint — that cancer uses to shut down the immune system.
These drugs, called checkpoint inhibitors, have been approved by the Food and Drug Administration to treat advanced melanoma, Hodgkin’s lymphoma and cancers of the lung, kidney and bladder. More drugs in this class are in the pipeline. Patients are clamoring for checkpoint drugs, including one, Keytruda, known to many as “that Jimmy Carter drug” which, combined with surgery and radiation, has left the former president with no sign of recurrence even though melanoma had spread to his liver and brain.
Checkpoint inhibitors have become an important option for people like Mr. Cara, with advanced lung cancer.
“We can say in all honesty to patients, that while we can’t tell them we can cure metastatic lung cancer right now, we can tell them there’s real hope that they can live for years, and for a lot of patients many years, which really is a complete game-changer,” said Dr. John V. Heymach, a lung cancer specialist and chairman of thoracic/head and neck medical oncology at M.D. Anderson.
Yet for all the promise and excitement, the fact is that so far, immunotherapy has worked in only a minority of patients, and researchers are struggling to find out why. They know they have their hands on an extraordinarily powerful tool, but they cannot fully understand or control it yet.
Mr. Cara, an apparel industry executive from Bridgewater, N.J., had non-small-cell lung cancer, the most common form of the disease. The diagnosis shattered what had been an idyllic life: a happy marriage, sons in college, a successful career, a beautiful home, regular vacations, plenty of golf.
In December 2014, he began treatment with two checkpoint inhibitors. They cost about $150,000 a year, but as a study subject he did not have to pay.
These medicines work on killer T-cells, white blood cells that are often described as the soldiers of the immune system. T-cells are so fierce that they have built-in brakes — the so-called checkpoints — to shut them down and keep them from attacking normal tissue, which could result in autoimmune disorders like Crohn’s disease, lupus or rheumatoid arthritis. One checkpoint stops T-cells from multiplying; another weakens them and shortens their life span.
As the name suggests, checkpoint inhibitors block the checkpoints, so cancer cannot use them to turn off the immune system.
Mr. Cara took drugs to inhibit both types of checkpoints. Every two weeks, he had intravenous infusions of Yervoy and Opdivo, both made by Bristol-Myers Squibb. He had no problems at first, just a bit of fatigue the day after the infusion. He rarely missed work.
But turning the wrath of the immune system against cancer can be a risky endeavor: Sometimes the patient’s own body gets caught in the crossfire. About two months into the treatment, Mr. Cara broke out in a rash all over his arms, back and chest. It became so severe that he had to go off the drugs. A steroid cream cleared it up and he was able to resume treatment — but with only one drug, Opdivo. Doctors stopped the other in hopes of minimizing the side effects.
heckpoint inhibitors can take months to begin working, and sometimes cause inflammation that, on scans early in treatment, can make it look like the tumor is growing. But Mr. Cara’s first scans, in March 2015, were stunning.
His tumor had shrunk by a third.
By August, more than half of the tumor had vanished. The rash came back, however, and worsened. Steroids worked again, but in October a far more alarming side effect set in: breathing trouble.
Doctors diagnosed pneumonitis, a lung inflammation caused by an attack from the immune system — a known risk of checkpoint drugs. Continuing the treatment posed too great a danger.
Mr. Cara stopped the infusions, but the months of treatment seemed to have transformed his cancer to stage 2 from stage 4, meaning that it was now operable. This spring surgeons removed about a third of his right lung, and discovered that the cancer was actually gone.
“No cancer was seen in any of the tissue they took out,” Dr. Hellmann said. “‘One hundred percent treatment effect,’” he read from the pathology report. “It was pretty cool.”
Immunotherapy had apparently wiped out the disease. “It’s amazing. Unbelievable,” Mr. Cara said.
As of now, he needs no further treatment, but he will be monitored regularly. He is back to work, and golf.
“He’s had the best possible response,” Dr. Hellmann said. “I hope that remains permanent. Only time will tell, and I think he’s conscious of that.”
Mr. Cara acknowledged, “Is there something in the back of me that says this thing never goes away, it could come back any time? Sure. But it’s not the main thing I think. I’m young, I’m strong, I’m healthy, my pathology report came back clean.”
He considered framing that pathology report.
But, he said, “I don’t want to jinx myself.”
When checkpoint inhibitors work, they can really work, producing long remissions that start to look like cures and that persist even after treatment stops. Twenty percent to 40 percent of patients, sometimes more, have good responses. But for many patients, the drugs do not work at all. For others, they work for a while and then stop.
The vexing question, and the focus of research, is, why?
One theory is that additional checkpoints, not yet discovered, may play a role. The hunt is on to find them, and then make new drugs to act on them.
Despite the gaps in knowledge, checkpoint inhibitors are coming into widespread use and are being tried in advanced types of cancer for which standard chemotherapy offers little hope.
Lee, 59, who asked that her last name be withheld to protect her privacy, found out in 2014 that she had the disease, and that it had spread to her liver.
“I was told I’d be dead in 12 to 18 months with treatment, six months with no treatment,” she said.
Chemotherapy and radiation at a hospital near Dallas brought a remission that lasted only a few months. The cancer spread to her lungs.
Bedridden and in severe pain, she entered an immunotherapy trial at M.D. Anderson. In May 2015 she began receiving Opdivo every two weeks. The tumors in her liver and lungs have shrunk by about 70 percent. She is back at work.
While the drugs initially were given only to people with advanced disease, especially those who had little to lose because chemotherapy had stopped working, Dr. Heymach of M.D. Anderson predicted that soon some patients — including some with earlier stages of lung cancer — will receive checkpoint inhibitors as their first treatment.
Immunotherapy is also enabling doctors to help patients in unexpected ways.
Until recently, surgeons were reluctant to operate on people with advanced cancer because they knew from experience that it would not lengthen the patient’s life. But checkpoint inhibitors are changing that. For instance, some patients have taken checkpoint inhibitors for an advanced cancer that had spread around the body, and wound up with only one stubborn tumor left. They then have had it surgically removed and have gone years without a relapse.
“Time has slowed down to the point where you can pay attention to individual tumors, since you’re not running to put out the fire of wholesale systemic progression,” Dr. Wolchok said.
If there is a potential downside to the advances, Dr. Hellmann said, it is that the buzz about immunotherapy has led some patients to think chemotherapy is passé.
“Immunotherapy represents a hugely important new tool, but chemotherapy can work too and has been the backbone of the way we’ve treated patients with lung cancer,” he said. “Immunotherapy is not a replacement for that. It’s a new weapon.”
One of his patients, a 60-year-old man with lung cancer that had spread to his brain, was eager to try immunotherapy instead of chemotherapy. After having radiation treatment for one brain tumor, he began treatment with two checkpoint inhibitors.
But they did not work. So his doctors switched to chemotherapy. “He’s had a tremendous response,” Dr. Hellmann said.
He said it was impossible to tell whether the immunotherapy could have had some delayed effect and worked synergistically with the chemotherapy. Clinical trials are now trying to resolve that question.
But the potential for dangerous side effects cannot be overemphasized, doctors say. A 2010 article in a medical journal reported that a few melanoma patients had died from adverse effects of Yervoy.
In addition to causing lung inflammation, checkpoint inhibitors can lead to rheumatoid arthritis and colitis, a severe inflammation of the intestine — the result of an attack by the revved-up immune system that over-the-counter remedies cannot treat. Patients need steroids like prednisone to quell these attacks. Fortunately — and mysteriously, Dr. Wolchok said — the steroids can halt the gut trouble without stopping the immune fight against the cancer. But if patients delay telling doctors about diarrhea, Dr. Wolchok warned, “they could die” from colitis.
Checkpoint inhibitors can also slow down vital glands — pituitary, adrenal or thyroid — creating a permanent need for hormone treatment. Mr. Cara, for instance, now needs thyroid medication, almost certainly as a result of his treatment. Doctors have reported that a patient with a kidney transplant rejected it after taking a checkpoint inhibitor to treat cancer, apparently because the drug spurred his immune system to attack the organ.
Another of Dr. Hellmann’s lung-cancer patients, Joanne Sabol, 65, had to quit a checkpoint inhibitor because of severe colitis. But she had taken it for about two years, and it shrank a large abdominal tumor by 78 percent. Patients like her are in uncharted territory, and doctors are trying to decide whether to operate to remove what is left of her tumor.
“I have aggressive cancer, but I’m not giving in to it,” Ms. Sabol said. “It’s going to be a big battle with me.”
Dr. William B. Coley, an American surgeon born in 1862, is widely considered the father of cancer immunotherapy. But he practiced a crude form of it, without understanding how it worked.
Distressed by the painful death of a young woman he had treated for a sarcoma, a bone cancer, in 1891, Dr. Coley began to study the records of other sarcoma patients in New York, according to Dr. David. B. Levine, a medical historian and orthopedic surgeon.
One case leapt out at him: a patient who had several unsuccessful operations to remove a huge sarcoma from his face, and wound up with a severe infection, then called erysipelas, caused by Streptococcal bacteria. The patient was not expected to survive, but he did — and the cancer disappeared.
Dr. Coley found other cases in which cancer went away after erysipelas. Not much was known about the immune system, and he suspected, mistakenly, that the bacteria were somehow destroying the tumors. Researchers today think the infection set off an intense immune response that killed both the germs and the cancer.
Dr. Coley was not alone in believing that bacteria could fight cancer. In a letter to a colleague in 1890, the Russian physician and playwright Anton Chekhov wrote of erysipelas: “It has long been noted that the growth of malignant tumors halts for a time when this disease is present.”
Dr. Coley began to inject terminally ill cancer patients with Streptococcal bacteria in the 1890s. His first patient, a drug addict with an advanced sarcoma, was expected to die within weeks, but the disease went into remission and he lived eight years.
Dr. Coley treated other patients, with mixed results. Some tumors regressed, but sometimes the bacteria caused infections that went out of control. Dr. Coley developed an extract of heat-killed bacteria that came to be called Coley’s mixed toxins, and he treated hundreds of patients over several decades. Many became quite ill, with shaking chills and raging fevers. But some were cured.
Parke-Davis and Company began producing Coley’s toxins in 1899, and continued for 30 years. Various hospitals in Europe and the United States, including the Mayo Clinic, used the toxins, but the results were not consistent.
Early in the 20th century, radiation treatment came into use. Its results were more predictable, and the cancer establishment began turning away from Coley’s toxins. Dr. Coley’s own institution, Memorial Hospital (now Memorial Sloan Kettering Cancer Center) instituted a policy in 1915 stating that inpatients had to be given radiation, not the toxins. Some other hospitals continued using them, but interest gradually waned. Dr. Coley died in 1936.
Chemotherapy, developed after World War II, was another blow to his methods. And in 1965, the American Cancer Society added Coley’s toxins to its list of “unproven” treatments. (The toxins were later taken off the list.)
After Dr. Coley’s death, his daughter, Helen Coley Nauts, studied some 800 case records that he had left behind, and became convinced that he was onto something important. She tried to rekindle interest in his work, but she was thwarted by doctors who opposed it, including some with high rank at Sloan Kettering. However, in 1953 she founded the Cancer Research Institute in New York, a nonprofit that has become a significant supporter of research on the interplay between cancer and the immune system. The group awarded more than $29.4 million in scientific grants in 2015, and its advisory board includes Dr. Wolchok and the scientist credited with developing the first checkpoint inhibitor, James P. Allison.
The holiday season is a good time for a reminder that alcohol can do bad things to the brain. Studies on animals suggest that it reduces the number of neurons in the hippocampus, the brain’s memory center, and weakens mitochondria there. Because mitochondria help produce energy within cells, their impairment can damage or kill brain cells. But two new animal studies offer some succor: Aerobic exercise, it turns out, may meliorate some of the impacts of heavy drinking on the brain.
Both studies were presented earlier this month at the annual Society for Neuroscience meeting in San Diego. The first, conducted by physiologists at the University of Louisville, involved adult male mice. Every day for 12 weeks — the equivalent of several human years — groups of mice received either injections of alcohol or salt water. Half the animals in each group were then put through daily treadmill workouts. These exercise sessions were short but intense: roughly two-tenths of a mile run at a strenuous pace.
The second study focused on binge drinking. Researchers from the University of Houston inserted tubes into the stomachs of female rats to provide consistent doses of either alcohol or nonalcoholic liquid every Monday night for 11 weeks. Half the rats in each of these two groups were then kept idle in their cages for the rest of the week, while the other half ran on wheels for up to two hours, three days a week.
In each study, the brains of the rodents that exercised after receiving alcohol were substantially different from those of their sedentary counterparts. The inactive mice had weakened mitochondria in many neurons; the runners had hardy mitochondria. The sedentary rats given alcohol had almost 20 percent fewer neurons in their hippocampi than the control animals. The rats who were made to work out, though, had as many neurons as the controls, even if they were given alcohol.
“It’s well known that running increases neurogenesis” — that is, the creation of new brain cells — according to J.L. Leasure, the associate professor of psychology at the University of Houston who oversaw the rat study. So it seems likely that running stabilized the total number of brain cells in the bingeing rats, she says, even if some neurons died as a side effect of alcohol consumption. Exercise is also known to improve mitochondrial health in the brain.
This does not mean working out is a license to be a lush, Leasure says, adding that alcohol probably has other undesirable effects within the brain that are not countered by exercise. Nor has research shown how much or what types of exercise provide the best protection — or even whether animal studies like these translate to people. There is also your liver to consider, along with other bodily consequences. Still, if you overdo it this holiday season, Leasure says, going for a run is “probably wise.”
The unofficial start of the holiday shopping season began on Thursday, when many national retailers opened their doors and offered major sales. It kicked into high gear on Friday, when many more stores entered the fray. We’re capturing the experience with reporters and photographers around the country, showing what it looks and feels like at American shopping malls, retailers and discount stores. You’ll also find:
■ Stories of shoppers and what brought them out to the stores.
■ Shopping deals from The Wirecutter, a product review and recommendation site owned by The New York Times Company.
■ Shopping by the numbers: history and facts about Black Friday, as the day after Thanksgiving is often called.
After working the overnight shift at Old Navy on 34th Street in Manhattan, Walter Reinoso hit the Foot Locker store at Union Square to get a pair of Air Jordan 3S True Blues he had been waiting for. His approach mixed the modern (ordering online) with the past (showing up in a store to get them).
“They originally came out in 1988 and are really hard to find. I had to reserve them on the app. I haven’t bought a pair of Jordans in a very long time. This silhouette is iconic,” Mr. Reinoso said while proudly holding up the size 9½ midtops. “I like that these are the original colors: white, red and blue. I got them for $249. They are usually much more.”
Describing himself as a shoe enthusiast rather than a guy with a shoe fetish, Mr. Reinoso, 19, of East New York, Brooklyn, along with his friend, Cindy Ortiz, 18, of Bushwick, Brooklyn, were heading to the store Dover Market to check out more footwear, preferably pairs of Vans and Converse. Mr. Reinoso had some more cash to spend — $300 in his pocket — but said he would rather not spend it all. “I don’t want to,” he said, “but may be tempted.”
— RUTH BASHINSKY
The process, and subsequent bonding experience, of getting a tattoo can create a lasting impression on customers.
“Black Friday, for us, is more than an exciting retail day, it’s more of a way of giving back to our clients,” Mr. Smith said. “The unique thing about getting a tattoo, when you share that with someone as an artist, is that they are with you forever.”
Mr. Smith’s first appointment of the day, Ryan Wills, has his Black Friday mapped out. After scouring electronics stores for audio car-system deals and crashing a few big-box stores for door buster sales, Mr. Wills plans to spend a few Black Friday hours in the black padded chair at Tatt Life to finish his extensive “Deadpool”-inspired canvas.
“I follow Tatt Life Studios on Facebook and couldn’t resist the chance to get my leg piece finished,” Mr. Wills, a 27-year-old mechanic, said. “I have several Marvel tattoos on my body including an Iron Man piece as well as a ‘Guardians of the Galaxy’ collage, both done by Smitty.”
— KIMBERLEY MCGEE
Sierra Sproul, a 24-year-old kindergarten teacher in Austin, Tex., had a special incentive to take advantage of Black Friday discounts at her local boot retailer: her coming Western-themed wedding on April 8.
“I’m very excited,” she said, beaming as she and her mother wrapped up a purchase of brown floral Corral-brand boots (which came to $199 after a 20 percent discount).
In all, the pair spent more than $500 at Cavender’s Boot City in north Austin after adding a $180 hat and $159 boots for her fiancé, Shane McPherson, whom Ms. Sproul lovingly described as “very country.”
She and her mother said they had purposely waited for Black Friday to offset wedding costs with hefty discounts.
“If we can get boots for a percentage off, that’s good because they don’t go on sale very often,” Ms. Sproul said.
Many of the other customers in the store were looking at western items as likely Christmas gifts, according to Robert Garcia, the store’s manager.
(CNN) -- The suits and ties were so loud, at times they were screaming. But Craig Sager wore them so well.
Sager, the longtime Turner Sports sideline reporter best known for his colorful -- and at times fluorescent -- wardrobe, has passed away after battling acute myeloid leukemia. He was 65.
Sager died just days after he was inducted into the Sports Broadcasting Hall of Fame.
He is survived by his wife, Stacy, and five children: Kacy, Craig Jr., Krista, Riley and Ryan.
"Craig Sager was a beloved member of the Turner family for more than three decades and he has been a true inspiration to all of us. There will never be another Craig Sager. His incredible talent, tireless work ethic and commitment to his craft took him all over the world covering sports," Turner President David Levy said in a statement.
"While he will be remembered fondly for his colorful attire and the TNT sideline interviews he conducted with NBA coaches and players, it's the determination, grace and will to live he displayed during his battle with cancer that will be his lasting impact. Our thoughts and prayers are with Craig's wife, Stacy, and the entire Sager family during this difficult time. We will forever be Sager Strong."
If someone didn't know Sager by name, they likely knew him by his wardrobe.
With his bold, colorful and sometimes downright crazy combinations, seemingly nothing was off limits for Sager. He donned velvet, plaid, checkered, bright pink or deep purple. He wore ties with polka dots and flowers. The list of his sartorial flourishes was endless.
Charles Barkley once said that Sager looked like a pimp. During an interview, Kevin Garnett told Sager to go home and burn the suit -- including the shoes and socks -- he was wearing.
"There's not any part I can keep?" Sager asked.
"Nope," Garnett said. "Nothing."
Sager's approach at life matched his attire. It was all about elevating every moment.
But he also was known for something else. He spent more than 20 years as an NBA courtside reporter, and he was good at his job.
"He's going to get the right question to the right person, and you can't get around it," former NBA player and current Turner Sports studio analyst Kenny Smith said. "No matter who you are, what stature you are in the NBA, from rookie to perennial All-Star, he's going to make you answer the question."
Colorful start to his career
Incredibly, Sager's life had more color than his suits.
Born in 1951 in Batavia, Illinois, Sager was the Willie the Wildcat football mascot when he attended nearby Northwestern. After graduation, he went to Tampa in 1974 to apply for a job as a weatherman at a small station. To stick out at the audition, Sager purchased a blue, white and yellow seersucker suit from a Goodwill store. Sager got the job, but he was told to get rid of the suit. It clashed on TV.
That same year, Sager started working in sports. On April 8, 1974, when Hank Aaron broke Babe Ruth's all-time home run record, there was Sager, who was working for an Atlanta Braves affiliate radio station in Sarasota, Florida, for $95 a week, among the people mobbing Aaron when he reached home plate.
His interviews with Aaron are in the National Baseball Hall of Fame in Cooperstown, New York.
"I don't like to think I peaked at 22, but it would be hard to top a memory like that," Sager said.
But there was more. A lot more.
In 1977, Sager slept in a stall next to Seattle Slew before the horse won the Triple Crown.
When Morganna Roberts, the entertainer known as Morganna the Kissing Bandit, was arrested for running onto the field at the MLB All-Star Game in 1979, Sager bailed her out. In return, she gave him her supersized bra.
While he was broadcasting Kansas City Royals games in 1981, Sager got a call from Ted Turner. Turner had recently launched CNN, and he wanted Sager to broadcast shows on baseball and basketball. Sager accepted and became CNN Employee No. 343.
Sager started doing sideline reporting for TNT in 1990. It was then that the colorful jackets and suits became his hallmark. He tried not to wear the same jacket-and-tie combination twice. He also owned more than 100 pairs of dress shoes.
"It's not just the style. The color scheme is dangerous," San Antonio Spurs head coach Gregg Popovich once told HBO's Real Sports. "You have to be very careful -- as you look at him, it can't be too quick. It's got to be slow, so your eyes can adjust."
Popovich is notorious for loathing on-court interviews during games, saying it takes him away from his team. But when it's Sager "that makes it livable," he said.
Over the years Sager covered almost everything in sports, from college basketball and football to baseball's World Series and the summer Olympics.
But life for him changed on April 10, 2014.
Sager was working a San Antonio Spurs-Dallas Mavericks game in Dallas that night. But the reporter, who was known for being fit, didn't feel right. He was unusually tired. After the game, Sager flagged down the Mavericks team doctor, who gave him a check-up and told him to go to the emergency room immediately.
The eventual diagnosis: acute myeloid leukemia.
Sager received a bone marrow transplant from his son, Craig Sager, Jr. During his father's absence, Sager Jr. took to the sidelines during the NBA playoffs to honor his dad.
"I gotta tell ya, you did a great job but I'd rather have your dad standing here," Popovich said. "Craig, we miss you. You've been an important part of all of this for a long time. We want your fanny back on the court."
Sager missed 11 months before returning to broadcasting. When he worked a Spurs game again, Popovich once again showed his softer side.
"I can honestly tell you, this is the first time I've enjoyed doing this ridiculous interview we're required to do," Popovich said to Sager while on the air. "It's 'cause you're here and you're back with us. Welcome back, baby."
Sager and Popovich embraced, with Sager saying he had been "in the hospital for months hoping to do this again."
Popovich -- in the best way possible -- then lovingly brought it back to business.
"Now ask me a couple of inane questions," the coach said.
But it didn't last. In March 2015, the cancer returned, and Sager underwent a second bone marrow transplant, once again through his son Craig Jr.
A year later, this March, Sager said on HBO's "Real Sports" that he was no longer in remission.
"I've already had two stem cell transplants," Sager said. "Very rarely does somebody have a third, so I have to maintain my strength so I can go through this."
Sager showed his resolve, saying he was "still kicking, still fighting."
"I haven't won the battle," he said. "It's not over yet. But I haven't lost it either. There have been some victories and some setbacks, but I still have to fight it, and I still have a lot of work to do."
And work he did.
Sager continued to work for Turner Sports, including the historic national championship game between Villanova and North Carolina that aired on TBS. At that game, Sager, who was receiving treatment at the time, scored an interview that no one ever gets: Michael Jordan.
"It's always good to see you," Jordan said to Sager.
In July, while accepting the Jimmy V Perseverance Award at the ESPY's, Sager gave a moving speech about his cancer battle, stressing he would "never give up."
"I will continue to keep fighting sucking the marrow out of life as life sucks the marrow out of me," Sager said, wearing a yellow shirt, a floral jacket, and black sparkly tie. "I will live my life full of love and full of fun. It's the only way I know how."
On August 31, with the help of an anonymous donor, Sager underwent his third bone marrow and stem cell transplant in a three-year span. Having three transplants is extremely rare, but Sager hoped the third time would be the charm.
By his side was Barkley, there against doctor's orders, as he recently had hip replacement surgery and wasn't cleared to travel.
'A genuine person'
Sager was so much more than the man in the colorful suits. He loved his job. He loved his family.
And colleagues, players, coaches and fans loved him back.
"He's just been such a genuine person who really does love the NBA and he loves the game," Popovich said to HBO's Real Sports. "And it comes through. And you know that even though he does what he does ... fashion-wise, it's part of the shtick. But his questions are always sensible, they're answerable and he does it with fun. He does it with humor."
TM & © 2016 Cable News Network, Inc., a Time Warner Company. All rights reserved.
Search Local Businesses
LIKE US ON FACEBOOK
FOLLOW US ON TWITTER
The National Youth Organiser of the New Patriotic Party (NPP), Sammy Awuku has predicted that Ghana would in the near future will become a one-party state if the NPP becomes a ‘united’ party.
NPP flagbearer, Nana Addo Dankwa Akufo-Addo finally secured the presidency after a third time, beating the incumbent, President John Mahama with 53.85 percent of valid votes cast.
President Mahama who ran on the ticket of the governing National Democratic Congress (NDC), secured 44.40 of valid votes cast.
The NPP also won 169 Parliamentary seats as against the NDC’s 104 seats. It also won six regions including swing regions of Greater Accra, Eastern and Western Regions.
The NPP is currently contesting the results of eleven parliamentary seats in the Brong Ahafo and Western Regions.
One of the main campaign messages of the NDC in the run up to the December polls was that the NPP was a disintegrated political party.
President John Mahama of the NDC constantly claimed that now President-elect, Nana Addo Dankwa Akufo-Addo lacked the capacity to unite the country as he was leading a party which had suspended its elected National Chairman and General Secretary.
The President told chiefs in the Eastern Region that Nana Addo would destool chiefs who criticize him when he ascends the highest office of the land since he does not accept dissenting opinions.
The NPP, Sammy Awuku said recorded this ‘impressive result’ despite claims by the NDC that the NPP is not a united party.
“And this leaves me to wonder, if a divided party can win 170 (169) seats with 53.8% presidential, then if we become united, Ghana will be a one-party state," Sammy Awuku said on Peace FM's Kokrokoo Programme on Friday.
Giving reasons for the loss of the NDC, the NPP Youth Leader said the party engaged in excessive propaganda during the electioneering campaign including preying on the health of the NPP flagbearer, Nana Akufo-Addo.
“The NDC just went for the same template Goodluck Jonathan and his party used against Buhari in Nigeria…they called him sick man and ISIS candidate but still Nigerians said they like him and that was the same thing Ghanaians said to the NDC that they still liked Nana Addo…,” he said.
He further thanked the youth of the country for being vigilant on Election Day and also sacrificing their time to campaign for the NPP.
South Africa's President Jacob Zuma was forced to run for cover after a tent in which he was giving a speech collapsed.
Strong winds and rain tore through the marquee, where Mr Zuma was addressing a crowd for Reconciliation Day.
A video posted on social media by local reporters showed people scrambling for safety as the tent blew upwards and the president was rushed off stage.
There were no immediate reports of injuries during the storm, in Gopane in South Africa's North West province.
ROME — The suspect in the Berlin truck rampage was killed in a early-hour shootout after a chance encounter with police on the outskirts of Milan, according to Italian officials.
Italy's Interior Interior Minister Marco Minniti described how cops noticed a "man who walked suspiciously" at around 3 a.m. in Milan's Sesto San Giovanni neighborhood.
"When he was stopped, the man shot the policemen with a gun. The police shot back," Minniti told reporters at a press conference in Rome. One officer was wounded in the firefight.
Anis Amri German police via AP
The suspect, who police identified as Tunisian national Anis Amri, was "killed on the spot," said Minniti. The man killed was "without a shadow of doubt" the Berlin Christmas market attacker, he added.
German officials later confirmed that the man shot in Italy was Tunisian-born Amri.
The 24-year-old had been at the center of an international manhunt after authorities found his personal documents inside the vehicle that plowed through the Christmas market on Monday. Twelve people were killed and almost 50 others injured in the attack that has since been claimed by ISIS.
Minniti praised the young policeman who was wounded in the incident and whose injuries are not life threatening.
"I thanked him for his bravery and professionalism shown," he said. "I thanked him on behalf of the head of police, of the Interior Ministry, and wished him a swift recovery."
The man killed in Milan was "without a shadow of doubt" the Berlin Christmas market attacker, Italian officials stated Friday. Daniele Bennati / AP
Minniti added: "I told him that thanks to him, Italians will be able to have a happier holiday. All of Italy should be proud of him."
A complicated picture has emerged of Amri in the days since the attack. He is thought to have arrived in Europe aged 19 and was jailed in Italy between 2012 and 2015 after reportedly setting fire to a school.
Italian prison officials told NBC News Friday that Amri had a "violent and unruly attitude" and was frequently moved between jails, but showed few signs of religious fundamentalism.
Italian authorities reportedly tried to repatriate Amri shortly after he was released from prison but Tunisia resisted these attempts.
He arrived in Germany in 2015, according to officials there, and was monitored as a potential risk by various authorities.
Yet surveillance by German officials produced "no leads" that suggested Amri was a threat to state security. The snooping operation against him was ended in September this year.
Amri maintained contact with his family back in Tunisia throughout this time, even sending presents in the days before the Berlin attack.
"He was going to return back to [Tunisia's capital] Tunis in January of 2017," Amri's younger sister Hamida told NBC News Thursday. "It is impossible that he killed those innocents. But if he was the one, he should be punished."
Other family members said Amri was far from religious while the German prosecutor's office said earlier this week that he was a small-time drug dealer who was once involved in a bar fight in Berlin.
"I am in shock after hearing the news in the media," said Nour Houdi, the suspect's mother. "My son is completely removed from religion. He used to drink alcohol."
"He [emigrated] to improve his situation and that of our family. He used to send messages to his brothers from the prison and used to call them after he left prison by Facebook and phone.
"The last communication was last Saturday. He sent a phone to his younger sister and some chocolate," Houdi added.
source :NBC NEWS
An Arkansas man was charged with capital murder late Thursday in the fatal shooting of a 3-year-old boy last weekend — described as a case of "road rage" over a delay at a stop sign.
The suspect — identified as 33-year-old Gary Holmes — surrendered to police Thursday night after he was wanted on a warrant, Little Rock police Lt. Steve McClanahan told NBC News.
Gary Holmes, 33, of Little Rock, Arkansas, is accused of killing a 3-year-old boy. Provided by the Pulaski County Sheriff PIO via KARK
McClanahan would not release further information, but the Pulaski County Sheriff's Office confirmed the capital murder charge against Holmes as well as two counts of terroristic acts stemming from Saturday's incident.
Toddler Acen King was shot while his grandmother, Kim King-Macon, was driving during a shopping trip Saturday afternoon. The gunman was apparently angry that King-Macon "wasn't moving fast enough at a stop sign," McClanahan said at the time.
The shooting prompted the city of Little Rock and the FBI to offer $40,000 in reward money for information leading to the shooter.
In a 911 call released Monday by police, King-Macon described her version of events: "I was at the stop sign and the guy blew a horn at me and I blew it back, and he shot, but I thought it was in the air. He shot at the car!"
King-Macon had driven to a JCPenney, but only realized what happened to her grandson after she found him slumped over in the back of the car. Police were called to the shopping center at around 6:20 p.m. CT (7:20 p.m. ET).
"Acen has been shot, oh my God!" the anguished grandmother screamed to a 911 dispatcher.
The boy was rushed to a hospital where he died, authorities said.
Acen King Courtesy Pastor Terrance "Scotty" Long
At the time, police said they were looking for an older model black Chevrolet Impala and a tall African-American man. McClanahan has said investigators believe the grandmother is "completely innocent" in the incident. She was not hurt.
Holmes of Little Rock was booked into the Pulaski County jail just before 11 p.m. Assistant U.S. Attorney Patrick Harris for the Eastern District of Arkansas confirmed Holmes surrendered to police and has been charged in state court with murder.
A court date was set for Dec. 29,
Holmes has been arrested previously, including for aggravated battery and robbery in 2002 and domestic battery in 2013, according to KARK.
CNN)Esteban Santiago returned from a tour in Iraq a changed man, his aunt said Saturday. He talked about the destruction he witnessed. About the killing of children. Visions that haunted him.
This year, one option is an iPhone 7 encased in solid gold, encrusted with diamonds and bearing the face of Donald Trump.
Priced around $151,000, it's just one example of the mind-blowing bling sold by Goldgenie, a store in the United Arab Emirates where the super rich do their shopping.
"There are very wealthy, high-net-worth individuals all over the world and sometimes its very difficult to buy gifts for them because they have everything," said Frank Fernando, Goldgenie's managing director.
All the opulent objects on sale at his store in Sharjah, a city near Dubai, are either solid gold, gold plated or diamond encrusted. But the idea for the golden Trump iPhone came from a customer only recently.
A Chinese woman walked into the store last month and requested that Goldgenie put together the glitzy device emblazoned with the president-elect's features, Fernando said, declining to identify the woman by name. He said he believes her family wants to give it to the U.S. president-elect after his inauguration next month.
If they do, the phone would fit well with the famously golden decor at Trump's penthouse apartment in New York City.
Since selling that first Trump iPhone, Goldgenie has received a further nine orders for gold-plated ones bearing his face.
The billionaire president-elect is proving to be good business for the store, which opened earlier this year. But the phones are far from the most expensive item on sale.
A gold-plated racing bike will set you back about $350,000.
Goldgenie started out in London back in 1989. The company's business concept was simple: gold plate virtually any item its customers wanted.
Fernando says his staff members will even take their special gold-plating machine to wealthy individuals' homes in order to cover their entire bathrooms in the precious metal.
The company picked the UAE as the place to open its first retail store because of the strong demand from the Gulf region.
"We have many visits from the royal families," Fernando said. "They visit us in London and they don't just buy one phone. They buy five, ten phones to give as gifts. We needed to come here to show ourselves to all the people in the Arab states."
Goldgenie isn't satisfied with just the one retail outlet, though.
The brand is opening a store in neighboring Qatar early next year and is in discussions to set up another in Saudi Arabia, Fernando said.
And it's aiming to take its ostentatious offerings farther afield with plans for stores in Malaysia and Spain.
The iPhone maker cut Cook's pay by 15% last year to $8.7 million, according to a filing released on Friday.
Apple (AAPL, Tech30) specifically cited the company's failure to meet its performance goals for both sales and profits. Shrinking iPhone sales last year caused Apple to suffer its first annual revenue decline in 15 years.
Now Apple's board is holding its CEO and other leaders accountable for the stumbles.
While Cook's salary rose to $3 million from $2 million last year, his cash bonus took a hit. Apple awarded Cook and other executives 89.5% of their target, instead of the maximum amount like in recent years.
That meant Cook's cash bonus fell to $5.4 million in 2016, down from $8 million the year before. All told, Cook's total compensation was $8.7 million last year, compared with $10.3 million in 2015.
But don't feel too bad for Cook, whose real fortune is linked to his vast holdings of Apple stock.
Last year, Cook completed five years as CEO and nearly 1.3 million of his previously restricted Apple shares vested. The shares were worth about $136 million.
As in previous years, Cook's 2016 pay was below that of his top lieutenants. All five senior executives below him, whose salary is made public, made just under $23 million in 2016. That includes Luca Maestri, Apple's chief financial officer, as well as retail boss Angela Ahrendts.
Apple's rare sales slump is directly linked to the loss of momentum for the iPhone, which generates the majority of the tech icon's sales.
Sales of iPhones have declined in each of the past three quarters, slipping to 45.5 million in the September quarter. The problem is that Apple has faced steep competition from Samsung and other smartphone makes and the newest iPhones haven't featured enough upgrades to lure customers.
Apple's stock ended 2016 with a healthy gain of 10%. That compares with a 13% gain for the Dow and 9.5% for the S&P 500. The popular stock received a boost in early September thanks to the Galaxy Note 7 disaster, which forced Samsung to discontinue the phone.
Apple will reveal just how much it benefited from Samsung's pain when the company reports quarterly numbers on January 31.
In the business world, some big names have gone through particularly grueling times in 2016.
Here are the ones that we think had a year they'd rather forget:
"Yahoo has now won the gold medal and the silver medal for the worst hacks in history," said online security consultant Hemu Nigam. The attacks have even cast doubt over Verizon's (VZ, Tech30) planned acquisition of Yahoo (YHOO, Tech30).
Stock hit: Shares are down 14% from the high they reached in September before the first hack was disclosed.
The year blew up in spectacular fashion for the South Korean electronics giant. Its problems began when it had to recall millions of Galaxy Note 7 smartphones after the high-end devices started bursting into flames. It then screwed up the recall by offering replacement Note 7 phones it said were safe but actually turned out to be prone to catching fire as well.
Samsung eventually had to kill the phone off altogether, costing it billions in profits and compounding the damage to its reputation. It was also forced to recall almost 3 million washing machines because they could explode.
Stock hit: Samsung (SSNLF) shares took a hit from the Note 7 debacle but have since rallied to reach a record high, helped by the company's announcement that it will consider overhauling its complicated structure.
Wells Fargo shocked Americans in September by firing 5,300 employees who had secretly created as many as 2 million unauthorized accounts. CEO John Stumpf was pilloried at congressional hearings and eventually had to step down.
The bank's reputation has been sullied as former employees have come forward with horror stories about a pressure-cooker work environment that they say rewarded unethical practices.
Stock hit: Wells Fargo (WFC) shares plunged more than 12% in the weeks after the phony accounts scandal erupted. But they've risen sharply following Donald Trump's victory in the U.S. presidential election.
Hangovers from the financial crisis are still lingering for many big financial firms, and Deutsche Bank's has proved particularly painful this year. Already struggling with weak profits and demoralizing job cuts, Germany's biggest lender was hit in September by a U.S. demand for $14 billion to settle claims it packaged up toxic mortgages in the lead-up to the financial crisis.
That sparked concerns among investors that Deutsche Bank -- described as the single biggest source of risk in the global banking system -- didn't have the funds to pay such a hefty bill.
The worries have since eased somewhat and Deutsche Bank said last week it had reached a $7.2 billion deal with U.S. authorities over the toxic mortgage claims.
Stock hit: During the worst of the fears over Deutsche Bank's (DB) finances in September, the lender's shares hit their lowest level in more than 20 years. They've rebounded significantly since then but are still down more than 20% since the start of the year.
This year witnessed the spectacular fall from grace of Theranos, one of Silicon Valley's most celebrated startups. Cracks started to appear in the biotech firm's credibility late last year when a Wall Street Journal investigation called into question the company's scientific claims and blood testing methods. CEO Elizabeth Holmes, who founded Theranos when she was just 19, angrily denied the report's allegations.
Theranos and Holmes have since suffered a series of humiliating setbacks, including investigations by multiple U.S. government agencies. Theranos was dumped by Walgreens after having to correct thousands of blood test results. And Holmes has been banned from owning or operating a laboratory for two years. In October, the company said it was cutting hundreds of jobs as it shuttered labs.
Stock hit: As an unlisted startup, Theranos doesn't have a public share price. But in one gauge of how much its valuation has suffered, Forbes slashed Holmes' net worth this year from $4.5 billion to "nothing."
Twitter started 2016 with a plummeting stock price and the admission that it was losing users at the end of last year. Hopes that the company might find a way out of its predicament by being bought by a bigger player went up in smoke in October.
Twitter responded by announcing it was cutting hundreds of jobs and killing its video app, Vine (which was later given a small reprieve). The fumbles continued into the final months of the year with the company briefly suspending co-founder Jack Dorsey's account and losing more top executives.
Mylan became embroiled in scandal this summer after it emerged that the maker of the EpiPen had hiked the price of the lifesaving allergy treatment a stunning 15 times since 2009. By jacking the price up by 400% in seven years, the drugmaker and its CEO, Heather Bresch, came to symbolize corporate greed.
Mylan blamed the U.S. health care system for the situation and introduced a voucher program to help cut costs.
But Bresch faced tough questions from lawmakers who accused her and other executives of getting "filthy rich" at the expense of people who needed the vital treatment.
In October, Mylan agreed to pay $465 million to the U.S. government to settle claims that it falsely classified the EpiPen in order to overcharge Medicaid for it.
Stock hit: Mylan (MYL) shares have sunk more than 30% since the start of the year.
Monte dei Paschi di Siena
In the 544 years it's been in business, Italy's Monte dei Paschi is unlikely to have had many quite as grim as 2016. Saddled with €28 billion ($29.3 billion) in bad debts, the world's oldest operating bank was judged in July to be the weakest major lender in Europe.
The bank tried desperately to solve its problems itself, but its attempt to raise €5 billion ($5.2 billion) from private investors failed. That forced it to turn to the Italian government last week for a bailout.
Stock hit: Monte dei Paschi (BMDPF) shares have nosedived 88% since the start of the year and have been suspended following the bailout announcement.
Janet Jackson has given birth to a baby boy, according to a representative for the pop superstar.
Shooting guard Kyle Korver will soon be in a Cleveland Cavaliers uniform.
The Atlanta Hawks sent Korver, a three-point specialist, to the Cavs for Mike Dunleavy, Mo Williams and a 2019 first-round draft pick. The two teams, who reached a tentative agreement on the terms of the deal on Thursday, completed the trade call on Saturday.
This gives Cleveland – already one of the best three-point shooting teams in the league – another long-distance threat and adds depth to an injury-depleted roster. Though Korver had a slow start to the 2016-17 season and was moved from the starting lineup to the bench, he is shooting 40.9% on threes, including 43.3% in 11 games as a reserve.
“We are extremely pleased to be able to add a player and person the caliber of Kyle Korver to our Cavs family,” Cavaliers GM David Griffin said in a statement. “Among the most prolific and dynamic three-point shooters in NBA history, a selfless, and team first competitor, Kyle brings all of the elements of Cavs DNA that we covet on and off the floor. We look forward to welcoming Kyle, his wife, Juliet and their three children to Northeast Ohio and are certain our fans will embrace them with open arms.”
Since becoming a reserve, Korver has also increased his scoring from 8.5 points per game as a starter to 11.5 points per game in the same amount of minutes. His rebounding and assists averages are also up since he was replaced in the starting lineup. Cavs coach Tyronn Lue plans to use Korver as a reserve.
By trading two players and getting one back, Cleveland also opened a roster spot, giving them the flexibility to add another player. LeBron James made it clear on Friday that he wants another point guard on the roster.
Griffin, who has done an excellent job making additions to a team above the luxury tax, might also be on the lookout for wing defender.
Putting Korver on the floor with James, Kyrie Irving, Kevin and Love and Channing Frye gives Cleveland even more offensive firepower. The Cavs are second in the league in three-point shooting percentage (39.1%) and second in made threes per game (12.9).
Korver is in the final season of a four-year, $24 million contract.
In his 15th season, Dunleavy has averaged 11.4 points, 4.3 rebounds and 2.3 assists with Golden State, Indiana, Milwaukee, Chicago and Cleveland.
Williams, a 13-year veteran, has appeared in 818 career games with Utah, Milwaukee, Cleveland, L.A. Clippers, Utah, Portland, Minnesota and Charlotte, averaging 13.9 points, 4.9 assists and 2.8 rebounds.
The 2019 first-round draft pick headed the Hawks is top-10 protected in 2019 and 2020.
HARRISBURG, Pa. (AP) — Penn State's costs related to the Jerry Sandusky scandal are approaching a quarter-billion dollars and growing, five years after the former assistant football coach's arrest on child molestation charges.
The scandal's overall cost to the school has reached at least $237 million, including a recent $12 million verdict in the whistleblower and defamation case brought by former assistant coach Mike McQueary, whose testimony helped convict Sandusky in 2012.
The university has settled with 33 people over allegations they were sexually abused by Sandusky, and has made total payments to them of $93 million.
The total also covers the $48 million "fine" levied by the NCAA that is funding anti-child-abuse efforts in Pennsylvania, $27 million in lawyer fees to defend lawsuits, nearly $14 million that includes the legal defense of three former administrators facing criminal charges for their handling of Sandusky complaints and $5.3 million for crisis communications and other consultants.
The school's latest financial statement said insurers have covered $30 million in costs, while other insurance claims remain pending.
The school also was hit in November with a $2.4 million fine from a federal investigation, started immediately after Sandusky was arrested, that concluded the university repeatedly violated campus crime reporting requirements.
A look at where some of the other pending Sandusky-related matters stand:
ADMINISTRATORS' CRIMINAL CASE
A senior judge sitting in Harrisburg is considering a request by three former high-ranking Penn State administrators to throw out their criminal charges, following an oral argument that was held in Harrisburg in October.
Former Penn State President Graham Spanier, former Athletic Director Tim Curley and former Vice President Gary Schultz are accused of not responding properly to McQueary's 2001 complaint that Sandusky was sexually abusing a boy in a team shower. They are also accused of putting children in danger.
The attorney general's office wants to add a new count, of conspiracy to commit endangering the welfare of children, against all three defendants. Judge John Boccabella has not indicated when he might rule.
The three men have consistently maintained their innocence.
Sandusky is serving a 30- to 60-year sentence in Greene State Prison on a 45-count conviction for sexual abuse of 10 boys, and he is currently pursuing an appeal in county court near State College.
In November, the judge handling that appeal — Judge John Cleland, who was also the trial judge — took himself off the case after Sandusky's lawyers raised objections to Cleland's role in a December 2011 meeting in a hotel the night before Sandusky waived a preliminary hearing.
Cleland's sternly worded order included a footnote saying his review of the 34 issues raised by Sandusky found none of them had merit.
The state court system is working on appointing a new judge, but that decision has not been made.
SPANIER V. PENN STATE
Penn State countersued Spanier last month, saying he violated his employment agreement by not disclosing what he knew about Sandusky before Sandusky's 2011 arrest. The school is seeking repayment of millions of dollars it has paid him over the past five years.
Spanier's lawsuit claims the school violated an agreement made when he was pushed out of the top job — days after Sandusky was charged — by making public comments that were critical of him and not living up to promises regarding office space, teaching opportunities and payment of legal costs.
SPANIER V. FREEH
A judge has scheduled a hearing later this month in a lawsuit by Spanier against former FBI Director Louis Freeh and his law firm, who were paid by Penn State to produce a 2012 report into how Spanier and other top administrators handled the Sandusky matter.
Judge Robert Eby will hear oral argument in Freeh's preliminary objections to the lawsuit. Spanier is seeking damages for the reputational and economic harm he alleges resulted from the report.
PATERNO V. NCAA
The family of former Penn State head coach Joe Paterno is suing the NCAA, saying it damaged the Paterno estate's commercial interests by relying on conclusions about Paterno in the Freeh report. Two former Paterno assistants, son Jay Paterno and Bill Kenney, are also suing, saying they have not been able to find comparable work because of the Freeh report. The most recent action in that case involved a dispute over subpoenas. Paterno died in 2012.
Source: USA Today.com
Seoul (CNN)South Korea is ratcheting up its rhetoric against Pyongyang with a new threat: Come at us, and we'll cut off the head of the snake.
By Joshua Berlinger and K.J. Kwon, CNN
Updated 3:28 AM ET, Thu January 5, 2017
Seoul (CNN)South Korea is ratcheting up its rhetoric against Pyongyang with a new threat: Come at us, and we'll cut off the head of the snake.
CNN)The force of crashing waves can generate huge amounts of energy.
By Bianca Britton, CNN
Updated 10:00 AM ET, Tue January 3, 2017
(CNN)The force of crashing waves can generate huge amounts of energy.
"The rest is heat and just waste," Peretz said
(CNN)The history of biofuel production in Africa is marked with expensive and damaging failures.
(CNN)Millions of households in the Sahel region of West Africa live under a growing threat.
The companies said Friday that they're launching a joint venture. The plan is to create an appliance that can churn out "beer, spirits, cocktails and mixers" at home, according to a press release.
The companies are still researching the product, so there isn't even a prototype yet, much less any other details. But an Anheuser-Busch partnership may mean that it can create home-brewed versions of beers such as Budweiser and Corona.
Keurig is best known for its single-cup coffee maker. But the new appliance will use the technology from its now-defunct cold beverage maker, the Keurig Kold, which was supposed to compete with SodaStream (SODA).
Keurig desperately needs a hit product. It was acquired in 2015 for $13.9 billion by JAB Holding, which is privately held, after the company's stock price slid 70% in one year thanks to a massive sales slump.
The Kold, Keurig's latest product launch, was a major flop. The company stopped making them in June last year after just 10 months of production, and even doled out refunds to customers who purchased the product, which retailed for a whopping $370.
SodaStream also beat Keurig to the punch with making in-home beer brewers. The company began selling the SodaStream Beer Bar in a couple of European markets last May, and it's introducing the product to more countries throughout 2017.
(CNN)A large sheet of ice is set to break away from Antarctica and scientists say it will be one of the largest breaks of its kind recorded.
(CNN)As we age, our brains naturally shrink and our risk of having a stroke, dementia or Alzheimer's rise, and almost everyone experiences some kind of memory loss.
The athlete is no longer a 'triple triple' Olympic champion after a relay teammate from the 2008 Games was found guilty of doping.
18:35, UK, Wednesday 25 January 2017
Image Caption: Michael Frater (l), Usain Bolt, Nesta Carter and Asafa Powell (r) receive their relay gold medals at Beijing
Usain Bolt has been stripped of his relay gold medal from the 2008 Olympics following the doping case of teammate Nesta Carter.
It means the Jamaican sprinter, who won a historic total of nine golds at three Games, is no longer a 'triple triple' Olympic champion.
The decision came after Carter was found to have tested positive for banned substance methylhexaneamine, following a re-analysis of a sample.
The athlete, along with Bolt, Michael Frater and Asafa Powell, made up the quartet which won the 4x100m in Beijing in 2008.
Carter's was one of 454 selected doping samples re-tested by the International Olympic Committee (IOC) last year.
The relay title in Beijing completed the first of Bolt's three gold medal sweeps in the 100m, 200m and relay at three consecutive Olympics.
Image Caption: Bolt with his nine golds from three Olympics
Trinidad and Tobago is in line to get the gold medal from 2008, Japan could be upgraded to silver, and fourth-place finisher Brazil could get the bronze.
Methylhexaneamine is an energy-boosting ingredient in many dietary supplements and several Jamaican athletes have failed tests for it before, including five sprinters in 2009.
According to the IOC ruling, Carter noted he was taking supplements in 2008 "advised in this respect by his coach, Mr Stephen Francis".
The verdict added: "The athlete explained that he had given several samples for doping controls whilst he was taking Cell Tech and Nitro Tech before the 2008 Olympic Games and he had never tested positive for a prohibited substance.
"He therefore did not believe that these supplements could contain prohibited substances. He did not understand how methylhexaneamine could have been found in 2016."
Carter can appeal the decision to the Court of Arbitration for Sport.
Seven people have been hanged at Kuwait's central prison, the country's state news agency has said.
Five men and two women from five nations were hanged for offences including murder, kidnapping and rape, KUNA reported.
Former nanny Jakatia Pawa was hanged despite "all efforts to preserve her life, including diplomatic means and appeals for compassion", according to a Philippines government spokesman.
Ms Pawa was convicted in 2008 of killing her employer's daughter.
Her brother, Philippines Air Force colonel Gary Pawa, said his sister called in the early hours of Wednesday, crying as she informed him of her scheduled execution.
Image Caption: Sheikh Faisal Al Abdullah Al Sabah. Pic: Khaleej Times online
Ms Pawa asked her brother to take care of her two children, he said.
Migrant workers such as Ms Pawa are over-represented in death penalty and execution statistics across the Persian Gulf, where they frequently suffer from a lack of legal representation and may be deprived of a court translator.
A prince in the ruling Al-Sabah family was also hanged, in what appeared to be the first execution of a member of the royal family in the Gulf state.
Sheikh Faisal Abdullah Al-Jaber Al-Sabah was sentenced to death in 2010 for shooting dead his nephew. He worked as a captain in the Kuwaiti army at the time of the murder.
Also executed was Nasra al-Enezi. She was convicted of setting fire to a wedding tent the previous year after her husband took a second wife.
Image Caption: Reprieve's Harriet McCulloch says the UK must help stop executions in the Gulf
The blaze killed more than 40 women and children inside.
The killings are part of a ramping up of executions in the Persian Gulf, where Bahrain recently broke a seven year "pause" of executions with the killing by firing squad of three men.
Executions in Saudi Arabia were also "significantly higher" in 2015 and 2016, according to death penalty campaign group Reprieve.
The group says it is "alarmed" that Kuwait plans to make sixteen-year-olds eligible for execution.
"We are witnessing a disastrous resurgence in executions throughout the Gulf," Reprieve deputy director Harriet McCulloch said.
"Those executed [across the region] include young people who were children when they were arrested, political protesters, and people who were tortured into bogus 'confessions'."
Ms McCullouch added influential governments such as the UK must call on the region's governments to halt executions.
"This sweeping and illegal use of the death penalty has nothing to do with justice or the rule of law," she said.
The Pharaoh's of Egypt handed the Black Stars of Ghana their first loss of AFCON 2017 on Wednesday at the Stade de Port Gentil.
The result sends Egypt through to the next stage as winners of Group D earning them a quarter-final with Morocco in Port Gentil.
The Stars who finished second in Group D will now head to the Stade d'Oyen to play giant-killers DR Congo. AS Roma winger Mohamed Salah gave his side the lead from an exquisite free kick that left Ghana goalie Razak Brimah rooted to the spot.
Salah capitalised on an infringement on Egyptian forward Abdalla El Said by Jonathan Mensah to rifle home powerfully in the 11th minute.
The Stars were dealt what may prove to be a massive blow to their 2017 AFCON chances when skipper Asamoah Gyan pulled up short after a sprint.
Avram Grant decided to substitute his captain Gyan as a precautionary measure. Aston Villa man Jordan Ayew replaced him with four minutes to end the first half.
Ghana goalkeeper who has been a steady presence so far at this year's AFCON was back to his nervy ways moments later when a costly error almost gifted the Egyptians their second goal.
The Egyptians sat back after the break and were content to hit their industrious Ghanaian opponents on the break who dominated possession but were unable to penetrate the stubborn Egyptian defence.
Jordan Ayew came close to grabbing the equaliser in the 89th minute but his fierce drive was parried by Essam El Hadary. The other Group D clash ended in a 1-1 draw between Mali and Uganda.
President Donald Trump fired acting Attorney General Sally Yates Monday night for "refusing to enforce a legal order designed to protect the citizens of the United States," the White House said.
This is a radio station that broadcasts from Austin Texas, USA radio station that aims to serve the community it features a wide variety of programs that include news, music entertainments like AFRICAN BEATZ, HIPHOP MIX, R AND B SOUNDS, EDUCATIVE AND FINANCIAL FREEDOM TALK SHOWS ETC.