Founding Father featured in popular new video game

























McLEAN, Va. (AP) — Wars and video games seem to go together like peanut butter and jelly. But those games usually involve tanks and machine guns and Tet offensives; not horses, bayonets and Bunker Hill.


Now, though, one of the biggest game releases of the upcoming holiday season is immersing players in the Revolutionary War, with key cameos from George Washington, Ben Franklin and other Founding Fathers.





















Assassin’s Creed III is due for release Tuesday, immersing players in Colonial America and the Revolutionary War.


In some ways, the game is meticulous with historical accuracy. Great attention was paid to research to recreate the cities of New York and Boston on a one-third scale. History professors were brought in as consultants.


In other ways, the game takes liberties with history. It integrates the Revolutionary War into the overarching story of Assassin’s Creed, in which the secret society of the Knights Templar fills the role as the game’s overarching villain.


Game creators were reluctant to reveal too many details in advance of the game’s release. Review copies were not available in advance.


The game’s creative director, Alex Hutchinson, said the ability to explore a historical era that has been largely left untouched by the gaming world was one of the most exciting aspects of the project.


As for Washington himself, Hutchinson said he wanted the game to portray the fact that for the man who would become the nation’s first president, it was far from certain that America would win the war.


“He wasn’t sure he was going to win,” Hutchinson said. “When you read their letters, they were very uncertain for much of their time” how the war would turn out.


Francois Furstenberg, a history professor at the University of Montreal, who has written about the iconography that surrounds Washington, served as a consultant and said he was interested less in making sure names and dates were perfect, but more in the game’s overarching narrative. He said the game’s creators shared his desire to depict the war in a nuanced way that avoided portraying one side as the good guys and vice versa.


“Anything that complicates the narrative is a good thing,” he said. “If anything I think they were more interested in sort of a muckraking account” of the revolution, something that agreed with Furstenberg.


The game’s protagonist — Connor, half American Indian, Half British and not aligned with either side — served as a good vehicle for exploring the era in a way that avoids patriotic cliches, Hutchinson said.


The game’s international fan base also demands an even-handed approach to the Revolution, said Hutchinson, who is frequently questioned by skeptical fans who worry the game will be too pro-American.


Not to worry, said Hutchinson, who jokes that he’s an Australian living in Canada making a game about the American Revolution for a French software company.


Even where it sought to be realistic, the game’s creators took a few liberties. Washington, for instance, is first introduced as a young officer serving under General Braddock in the French and Indian war. The game makers took great care to show the youthful Washington accurately, as a redhead. Looking at the finished product, though, they felt they ought to add a touch of gray to Washington‘s hair, to more closely match the iconic image of Washington held by the public.


“We did not know how odd it is to see a red-headed George Washington,” Hutchinson said. “It was one of those instances where the fiction felt more right than the real version.”


Ubisoft takes far greater liberties in a downloadable add-on game that will be available to Assassin’s Creed players a few months after the games release. In “The Tyranny of King Washington,” players confront a scenario where Washington, rather than yielding power to civil authority, parlays his power and popularity and establishes himself as a new monarch.


At George Washington‘s Mount Vernon estate, curators are happy that the game will introduce so many kids to Washington and the Founding Fathers and hopefully get them thinking about history.


“I would love for people to focus on exactly the incredible choice Washington made to relinquish power,” said Carol Cadou, senior curator at Mount Vernon, even if the vehicle for prompting that discussion is a game that contorts and creates an alternate reality.


Historical figures certainly make appearances in some video games, but rarely from historical eras and rarely in a setting devoted to realism. The popular game “Call of Duty: Black Ops,” for instance, features John F. Kennedy, Fidel Castro, Richard Nixon and former Defense Secretary Robert McNamara. But in the game, the four of them team up to defeat an onslaught of zombies at the Pentagon.


Cadou says that Washington has so often been portrayed so heroically that he becomes unrelatable.


“Washington is almost so good he becomes bland,” she said. “Even if he’s depicted in a negative way, it gives us an opportunity to explore” his life that otherwise wouldn’t exist.


The Mount Vernon estate has focused in recent years on piercing the stodgy image of Washington on the dollar bill and sought to emphasize his military daring and action-hero aspects of his life story.


Mount Vernon even looked at producing its own educational video game featuring Washington, but ultimately concluded that such a game would be “a little more violent than we had the appetite for.”


Gaming News Headlines – Yahoo! News



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Taylor Swift to co-host Grammy nominations in Nashville

























LOS ANGELES (Reuters) – Country-pop star Taylor Swift will co-host the Grammy nominations live on television from Nashville, the capital of country music, the Recording Academy said on Monday.


Swift, 22, who has won six Grammy awards, will join rapper-actor LL Cool J to announce nominees in some of the major categories during a one-hour live telecast on December 5, featuring performances from country artist Luke Bryan and pop-rockers Maroon 5.





















The singer is currently on a touring blitz to promote her latest album, “Red”, and has become an awards show favorite, most recently premiering her new single at the MTV Video Music Awards in September.


Swift’s addition to the roster is part of the Grammy organization’s celebration of country music this year, moving the nominations concert from Los Angeles to Nashville, home to the Grand Ole Opry and dozens of recording studios that have spawned artists such as Swift, Carrie Underwood and Lady Antebellum.


Organizers began televising the nominations in a live show five years ago in a bid to boost TV viewership for the annual Grammy Awards ceremony in Los Angeles in February. This year, 39.9 million viewers tuned in to see British singer Adele sweep the awards with six major wins.


(Reporting by Piya Sinha-Roy; Editing by Jill Serjeant and Dale Hudson)


Music News Headlines – Yahoo! News



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Cancer docs often delay referrals to hospice care

























NEW YORK (Reuters Health) – Cancer doctors often refer their patients to palliative care very late in the course of disease, according to a new survey from Canada.


About a third of oncologists said they refer patients to palliative care, or hospice, when they diagnose a cancer that has spread and therefore usually is incurable.





















Another third, however, said they wait until chemotherapy has been stopped, which is often just a few months or even weeks away from death.


“All palliative specialists believe that palliative care should be involved early,” said Dr. Camilla Zimmermann of Princess Margaret Hospital in Toronto, who led the study with funding from the Canadian Cancer Society.


“Despite that and despite guidelines to refer early, many studies have shown that palliative still happens too late, in the last few months of life.”


Rather than providing aggressive medical treatments, palliative care focuses on improving a person’s well-being by offering pain management as well as psychological, social and sometimes spiritual care.


“It is basically team-based whole-person care,” Zimmermann told Reuters Health. “The take-home message for me is that the palliative care specialists and oncologists need to work more in collaboration.”


The new findings, published in the Journal of Clinical Oncology, are based on a survey of 603 physicians. Most of the doctors did have palliative services available to them, although some were more comprehensive than others.


In the U.S., the picture might be different. A previous survey found six out of 10 National Cancer Institute-designated centers had access to palliative clinics, whereas less than a fourth of cancer centers that didn’t carry that designation had such access.


There are also differences in the insurance coverage of hospice between the U.S. and Canada. Zimmermann said patients in the U.S. cannot receive hospice benefits if they are still getting chemotherapy, which would be an obvious barrier to early referral.


However, she added, that shouldn’t prevent oncologists from reaching out to palliative specialists at the hospital and make sure the transition is as smooth as possible.


“What we are trying to encourage is that everybody gets involved a bit earlier,” Zimmermann told Reuters Health.


SOURCE: http://bit.ly/Phb4FH Journal of Clinical Oncology, online October 29, 2012.


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Steve Jobs’ ‘Sorcerer’s Apprentice’ Is Out at Apple

























Apple (AAPL) today announced the departure of Scott Forstall, the company’s senior vice president of its mobile operating system, iOS. The departure was abrupt, but perhaps not entirely unexpected. Forstall had been a longtime and talented member of Apple’s executive team, but as Bloomberg Businessweek reported in a cover story last year, he was also a polarizing figure within the company. He was not without internal rivals and enemies: As we said in our 2011 article, Jonathan Ive, Apple’s design chief, and Bob Mansfield, the company’s head of technology, would rarely take meetings with him unless the Apple’s CEO, Tim Cook, was also present.


Forstall is a talented, able performer at various who brought a tremendous amount of energy to many product rollouts at Apple. Which is why his absence from the recent iPad Mini announcement raised some eyebrows. At any major release of a new iOS device, Forstall would have been expected to speak to journalists who gathered in San Jose last week.





















Overseeing iOS put Forstall in a tremendous position of power, as Apple’s mobile operating system has increasingly been where the action is in new Apple products and services, but his tenure had plenty of speed bumps. The company’s rollout of iCloud has been better than the previous attempts with Mobile Me and .Mac—iCloud has generated complaints about how hard it is to configure. Forstall was an early supporter of Apple’s purchase of Siri, which led to the voice-activated assistant of the same name—Siri’s been criticized for reliability issues. Add to that the recent Maps issue, in which CEO Cook had to release an apology to Apple customers. It’s quite possible that Forstall, for all his agreed-upon talent and dedication to the company, had little to defend himself with when an reorganization was proposed and he had few friends in the executive suite in Cupertino.


Being demanding or prickly is fine when you’re doing everything right (or, in Steve Jobs’s case, when it’s your company). But if things start to go south on you, it can leave you awfully exposed, with few people leaping to your defense or aid (ask A-Rod). Maybe nice guys finish last, but at least they finish.


Businessweek.com — Top News



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Pole gets 30 years for killing 6 on Channel Island

























LONDON (AP) — A Polish builder who killed six people, including his wife and children, on the British Channel Island of Jersey has been sentenced to 30 years in prison.


Damian Rzeszowski, 31, carried out the knife attack in August 2011 at his home. He was said to have become depressed after his wife admitted to an affair.





















Rzeszowski was convicted of six counts of manslaughter but cleared of murder. On Monday, Judge Michael Birt sentenced him to 30 years in jail for each victim, but the sentences are to run concurrently.


Rzeszowski’s victims were his wife Izabela Rzeszowska, 30; 5-year-old daughter, Kinga; 2-year-old son, Kacper; father-in-law, Marek Gartska, 56; his wife’s friend Marta De La Haye, 34; and her 5-year-old daughter, Julia.


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Reports: UK rocker arrested as part of Savile case

























LONDON (AP) — Police investigating child sex abuse allegations against the late BBC television host Jimmy Savile arrested former glam rock star and convicted sex offender Gary Glitter on Sunday, British media reported, raising further questions about whether Savile was at the center of a broader pedophile ring.


Police would not directly identify the suspect arrested Sunday, but media including the BBC and Press Association reported he was the 68-year-old Glitter.





















The musician, whose real name is Paul Gadd, made it big with the crowd-pleasing hit “Rock & Roll (Part 2),” a mostly instrumental anthem that has been a staple at American sporting events, thanks to its catchy “hey” chorus. But he fell into disgrace after being convicted on child abuse charges in Vietnam.


Sunday’s arrest was the first in a widening scandal over Savile’s alleged sex crimes, which started garnering attention earlier this month when a television documentary showed several women claiming that Savile abused them when they were teenagers. Hundreds of potential victims have since come forward to report similar claims to police against Savile, a much-loved children’s TV presenter and disc jockey who died at the age of 84 last year.


Most have alleged abuse by Savile, but some said they were abused by Savile and others. Most claimed they were assaulted in their early teens.


The scandal has raised questions about whether the BBC, the publicly funded and trusted broadcaster, had ignored crimes it suspected over several decades. Its executives have apologized and vowed to uncover the true scale of the alleged abuse.


“The BBC’s reputation is on the line,” Chris Patten, the chairman of the BBC Trust, wrote in The Mail on Sunday newspaper. “The BBC risks squandering public trust because one of its stars over three decades was apparently a sexual criminal … and because others — BBC employees and hangers-on — may also have been involved.”


On Sunday, the BBC and Sky News showed footage of Glitter, who wore a hat, a dark coat and sunglasses, being taken from his home by officers and driven away.


Police would not directly identify the suspect, but when asked about Glitter a spokesman said the force arrested a man in his 60s early Sunday morning in London on suspicion of sexual offenses in connection with the Savile probe. He was released later Sunday and was due to return to a London police station in December for further questioning, police said. British police do not generally identify suspects under arrest by name until they are charged.


Glitter, known for his shiny jumpsuits and bouffant wigs, was jailed in Britain in 1999 for possessing child pornography, and convicted in 2006 in Vietnam of committing “obscene acts with children” — offenses involving girls aged 10 and 11. He was deported back to Britain in 2008.


In 2006, the NFL advised its football teams not to use the Glitter version of “Rock and Roll (Part 2)” at games.


One witness recently told a BBC-TV show that she once saw Glitter having sex with a schoolgirl in Savile’s dressing room at the broadcaster’s TV center in the 1970s. Glitter has denied the allegations.


Police have said that though the majority of cases it is investigating relate to Savile alone, some involve the entertainer and other unidentified suspects. In addition, some potential victims who reported abuse by Savile also told police about separate allegations against unidentified men that did not involve the BBC host.


The scandal has horrified Britain with revelations that Savile, the longtime host of the popular BBC shows “Top of the Pops” and “Jim will Fix It,” allegedly cajoled and coerced vulnerable teens into having sex with him in his car, his camper van, and even in dingy dressing rooms on BBC premises. Police describe him as one of the worst sex offenders in recent history.


The BBC has set up an independent inquiry into the corporation’s culture and practices in the years Savile worked there. It also launched a separate inquiry into why its managers shelved an investigation into the allegations.


But the scandal continues to put the broadcaster under pressure, and it seems likely that more people — either outside or inside the corporation — could be implicated.


“It could be the beginning of other high-profile arrests,” Roy Greenslade, a journalism professor at London’s City University, said in an interview with The Associated Press on Sunday.


Max Clifford, a prominent public relations guru, claimed that dozens of celebrities from the 1960s and 1970s have approached him to express fear that they could be drawn into to the scandal and criticized for their hedonistic behavior in the past.


Greenslade said that while Glitter’s arrest must be a huge concern to the BBC, it is too early to say that the broadcaster’s reputation is in crisis.


“If any BBC employee is shown to be involved, then there would be a nosedive in public trust,” he said. “But nothing at the moment has been proven.”


Entertainment News Headlines – Yahoo! News



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Meningitis Outbreak: Pharmacy Staffers May Have Known Dangers Beforehand

























Earlier this month, TakePart reported on a lethal meningitis outbreak stemming from pain medication mixed at one pharmacy in New England. With the death toll increasing and the rate of ill patients rapidly rising, this fungal meningitis resurgence has become one of the country’s worst drug-related health crises in recent years. Worse still, are new reports that staffers at the pharmacy knew of the impending danger and did nothing to stop it.


So far, 338 people have been fallen ill from fungal meningitis, while 25 more have died from it, the Associated Press reports. In all cases, patients received an injection of tainted pain medication made in the New England Compounding Center (NECC) in Framingham, Mass.





















Earlier this month, the Food and Drug Administration (FDA) confirmed that a mysterious black fungus found in the vials of the tainted medication was the same fungus responsible for the outbreak.


This week, the FDA released a preliminary report stating that the pharmacy itself appears contaminated with mold and fungus, which could have played a role in corrupting the medicine.


Among the health and safety violations, the agency found contaminants in and around what should have been sterile rooms.


The report noted abnormalities like “green and yellow discolorations,” standing water from a leaky boiler, and visible dust filtering through the air conditioning system courtesy of a nearby recycling plant.


Machinery used to sterilize vials was also found to contain a mysterious residue, and against guidelines, staffers would routinely turn off the air conditioning at night, rendering the drugs less stable.


The FDA emphasized that the report is based on “initial observations” and that the agency’s investigation is ongoing.


Nonetheless, the NECC also made major documented missteps at the distribution and testing levels of its medication. The AP reports that vials of the pain medicine were shipped out two weeks before the pharmacy had even received its standard confirmation that those vials passed inspection.


And according to The New York Times, the one lot tested by the lab came back normal, but when 50 lots were recently tested by the FDA, all came back as contaminated.


Sarah Sellers, a former FDA officer who left amid frustrations the agency wasn’t doing more to increase regulations of pharmacies like NECC, says she’s not surprised by the outbreak at this particular company. She told the AP, “The entire pharmacy was an incubator of bacteria and fungus. The pharmacy knew this through monitoring results, and chose to do nothing.”


If that’s true, it’s startling to imagine what must have been an institutionalized kind of apathy. An entire group of people working in tandem to deliver drugs to the masses― drugs that are injected into people’s bloodstreams― every day chose to walk past discolored walls, residue-tainted machinery, moldy patches, and did nothing.


Now about 14,000 more people who were exposed to meningitis through the NECC’s apathy are waiting to see if they develop the disease as well. This may just be one horrific living example of what happens “when good men do nothing.”


If you’re concerned that you or someone you know came in contact with any injectable medication made by NECC, visit the FDA’s fungal meningitis page to view its lists of patient names and read the agency’s latest updates. Symtpoms of the disease include fever, headache, stiff neck, nausea and vomiting, photophobia (sensitivity to light) and altered mental status. 


What do you think caused staffers at NECC to so blatantly disregard health and safety rules? Let us know in the Comments.


Related Stories on TakePart:


• Americans Struggling to Pay for Prescription Drugs


• Clip of the Day: How Do Painkillers Work Their Magic? (VIDEO)


• Fewer Young Adults are Abusing Prescription Drugs



A Bay Area native, Andri Antoniades previously worked as a fashion industry journalist and medical writer.  In addition to reporting the weekend news on TakePart, she volunteers as a web editor for locally-based nonprofits and works as a freelance feature writer for TimeOutLA.com. Email Andri | @andritweets | TakePart.com


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Economy ‘shows signs of optimism’


























There is “reason for some optimism” for the UK economy, the Bank of England’s deputy governor Charlie Bean has said.





















He cautioned against “getting over-excited” after new GDP data showed the recession was over – pointing out the Olympics had given a one-off boost.


But Mr Bean said there were “signs of progress” from the eurozone and banking crises and inflation should be lower.


Labour said families were still being squeezed but ministers reject claims austerity policies were hitting growth.


Last week’s official gross domestic product figures, which measure the value of everything produced in the country, showed the economy grew by 1.0% in the three months from July to September.


It had been in recession for the previous nine months and has still not recovered the levels of output seen before the financial crisis in 2008.


‘The right path’


Speaking on the Murnaghan show on Sky News, Mr Bean said: “The big picture here is of an economy that has been bumping along the bottom for two years.


Continue reading the main story

The statistics are one thing, how people feel is another”



End Quote Chuka Umunna Shadow business secretary


“We do think there is reason for some optimism going forward. Some of the headwinds we have been struggling against in the past couple of years will be abating somewhat.


“Most particularly, we have seen a big squeeze on households’ real spending power… Going forward, that squeeze should not be so intense.”


Labour’s shadow business secretary Chuka Umunna told the programme families and businesses were still struggling.


Official GDP figures showed the UK economy had contracted by 6.4% between the start of 2008 and the middle of 2009, and had since recovered about half of that lost output. The level of output in the third quarter of 2012 was almost exactly the same as it had been in the third quarter of 2011.


“It is good news that, with the help of the Olympics and after the longest double-dip recession since the Second World War, we saw a positive number last week,” Mr Umunna said.


“But I think the statistics are one thing, how people feel is another… All we saw last week was essentially things going back to the position we were in last year.”


Interviewed on the BBC’s Sunday Politics, Chief Secretary to the Treasury Danny Alexander accepted the impact of the eurozone crisis and commodity price rises meant “growth has been much slower than we would have liked over the last two to three years”.


But he added: “We knew when we came into office that they were going to be difficult but I don’t think that means that the path we chose was wrong…


“If we hadn’t gone for the austerity programme that we did – the deficit reduction, the spending reductions and so on – then our economy would have been in a much worse position.”


BBC News – Business



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Ukraine’s opposition doing well in election

























KIEV, Ukraine (AP) —


Ukraine’s opposition parties performed strongly in Sunday’s parliamentary vote, according to an exit poll, but President Viktor Yanukovych‘s party could still retain control of the legislature as its members are likely to sweep individual races across the country.





















The West is paying close attention to the conduct of the vote in the strategic ex-Soviet state, which lies between Russia and the European Union, and serves as a key conduit for transit of Russian energy supplies to many EU countries. An election deemed unfair would likely turn Ukraine further away from the West and toward Moscow.


Opposition parties alleged widespread violations on election day, such as vote-buying and a suspiciously high amount of home voting, but a local election monitor said those violations were isolated. Authorities insisted the election was honest and democratic.


The Fatherland party, led by the jailed charismatic former Prime Minister Yulia Tymoshenko, the Udar (Punch) of world boxing champion Vitali Klitschko and a nationalist party together received more than 50 percent of the vote on party lists, outnumbering Yanukovych’s Party of Regions and its traditional ally, the Communist Party.


Both Yanukovych’s and Tymoshenko’s parties claimed victory, saying the election showed the voters trust them to lead the country.


However, only half of the parliament’s 450 seats are split proportionately between the winning parties. The other half is filled by the winners of single-mandate races, where Yanukovych loyalists are expected to make a strong showing. In the election, each voter had two ballots, one with party names and one with the name of candidates in specific constituencies. No exit poll numbers were available for the individual races.


With Yanukovych under fire over the jailing of his top rival, Tymoshenko; rampant corruption and slow reforms, the opposition made a strong showing.


Tymoshenko’s Fatherland party is poised to get about 25 percent of the proportional vote, the Udar (Punch) led by world boxing champion Vitali Klitschko is set to get around 15 percent and the nationalist Svoboda (Freedom) party receives some 12 percent. The Party of Regions polled 28 percent and the Communists nearly 12 percent.


If the three opposition groups unite, they could get 127 parliament seats versus 98 seats gained by the Regions and Communists. The distribution of the remaining 225 seats is expected to be clear Monday.


Opposition forces hope to garner enough parliament seats to weaken Yanukovych’s power and undo the damage they say he has done: the jailing of Tymoshenko and her top allies, the concentration of power in the hands of the president, the snubbing of the Ukrainian language in favor of Russian, waning media freedoms, a deteriorating business climate and growing corruption.


The strong showing by the far-right Svoboda (Freedom) party which campaigns for the defense of the Ukrainian language and culture but is also infamous for xenophobic and anti-Semitic rhetoric emerged as a surprise and showed the widespread disappointment and anger with the ruling party.


It remains to be seen whether Tymoshenko’s group, Klitschko’s party and Svoboda can forge a strong alliance and challenge Yanukovych.


The election tainted by Tymoshenko’s jailing on charges of abuse of office has also been compromised by the creation of fake opposition parties, campaigns by politically unskilled celebrities, and the use of state resources and greater access to television by Yanukovych’s party.


___


Yuras Karmanau in Kiev contributed to this report.


Europe News Headlines – Yahoo! News



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Citigroup is fined $2 million over Facebook IPO

























NEW YORK (AP) — Citigroup has paid a $ 2 million fine and fired a junior analyst after the employee leaked confidential information about Facebook‘s initial public offering to a popular tech blog.


The charges were brought by the top securities regulator in Massachusetts, who has a history of aggressive enforcement actions against banks. The regulator, Secretary of the Commonwealth William Galvin, announced the charges Friday. Citi agreed to the settlement and admitted to the events detailed in the consent order.





















Citi was part of the team of banks that helped underwrite the deal that made Facebook a public company in May. When a bank helps underwrite such a deal, it has information about a company that the broader investing public does not have. The bankers who underwrite the deal are not supposed to act on that information or share it with any favored clients, because it would give them an unfair advantage over the public.


Galvin’s office noted in the order that securities laws required that members of Facebook’s underwriting syndicate “refrain from disseminating written research or other written content about Facebook until 40 days after the IPO.”


The arrangements can also bring accusations of conflicts of interest; banks not only help companies go public or do other deals, they also have units that provide research on the companies. The research is supposed to be impartial, but the banks have a stake in how a company does if it is helping it with underwriting.


According to Galvin’s office, a junior analyst in Citigroup’s San Francisco office was assigned to help research Facebook. On May 2, the junior analyst sent an email to two employees at the technology website TechCrunch.com, with proprietary information about Citigroup’s research on Facebook.


“I am ramping up coverage on FB and thought you guys might like to see how the street is thinking about it (and our estimates),” the junior analyst wrote to two TechCrunch writers. “…This, of course is confidential.”


One of the TechCrunch employees wrote back: “There’s no way I can publish this doc from an anonymous source, right?”


A minute later, the junior analyst replied: “My boss would eat me alive.”


The analyst and the TechCrunch employees were friends, according to Galvin’s office. The junior analyst and one of the employees had gone to Stanford together. According to Galvin’s office, “they keep in touch using social media and all live in the Bay Area.”


Citigroup fired the junior analyst in late September, after Galvin’s office subpoenaed the bank. A subpoena is a request for information and does not necessarily imply wrongdoing.


The bank told Galvin’s office that the junior analyst acted alone. In addition to agreeing to the $ 2 million fine, Citi also agreed to review its policies for overseeing analysts’ communications, and to strengthen compliance training for the analysts.


“We are pleased to have this matter resolved,” Citigroup spokeswoman Sophia Stewart said. “We take our internal policies and procedures very seriously and have taken the appropriate actions.”


Galvin has a long history of suing top players in the banking industry. He was involved in a landmark settlement in 2003 that accused major banks, including Citi’s Salomon Smith Barney unit, of publishing fraudulent research reports about the companies it was working for, and allowing investment bankers working for the companies to influence the opinions of the research analysts covering them.


In the consent order issued Friday, Galvin said the penalty “should serve as a warning to the industry as a whole.”


This is the first penalty that Galvin’s office has issued over the Facebook public offering. A spokesman declined to say if there could be more.


Separately, Galvin’s consent order also implicates the junior analyst’s boss, a senior analyst, for other conduct.


The consent order didn’t name the senior analyst but gives enough information to identify him as Mark Mahaney, Citi’s well-known and influential managing director of Internet research, a frequent commentator to journalists and a person who boosted Citigroup’s research profile.


The consent order does not implicate Mahaney in the Facebook misconduct. But it does say that separately, he sent emails with his private, unpublished opinion about YouTube’s financial results to a reporter at a French business magazine, Capital.


Later, when a communications employee told him he’d need to get approval to talk to the Capital reporter, Mahaney said that he wouldn’t respond to the reporter’s questions even though he already had.


Later, he wrote to the communications employee, “This could get me in trouble. Shoot.”


Citigroup confirmed that Mahaney is no longer at the bank. A source familiar with the matter, who wasn’t allowed to speak on the record about personnel matters, said Mahaney had been fired because he misled the bank about his communications with the French magazine.


Social Media News Headlines – Yahoo! News



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