NEW YORK

Raj Rajaratnam Begins 11-Year Prison Sentence

Raj Rajaratnam
Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.
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Oil Prices Fall After S&P Warning to Europe

Crude oil prices declined in Asian trade on Tuesday, after credit ratings agency Standard & Poor (S&P), warned six triple A-rated Eurozone members they may suffer ratings downgrades, amid the continuing carnage of the Eurozone debt crisis.
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New Jersey Bear Hunt Begins in Spite of Animal-Rights Opposition

New Jersey's annual bear hunt began on Monday in spite of attempts by animal-rights groups to stop it. Supporters of the hunt say it is necessary to reduce New Jersey's black bear population, while opponents say it is inhumane.
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Simpsons, Allen Gregory up, Pan Am hits ratings low

Fox's block of animated series received a major boost Sunday night, with Allen Gregory surging 60 percent, while ABC's Pan Am fell to a series low, according to preliminary numbers. NBC won the night overall.
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Rudin calls New Yorker's early Dragon review immoral

The furor over the New Yorker's decision to run a review of David Fincher's The Girl With the Dragon Tattoo more than a week before the embargo date heated up on Monday, as the review hit newsstands and an email exchange between critic David Denby and producer Scott Rudin spread around the web.
Jose Pimentel, 27, is seen in Manhattan Criminal Court in New York

Grand Jury Postponed for Accused Harlem Bomber

The Harlem man accused of planning to bomb government buildings in New York and New Jersey will have his day in court, just not yet. Prosecutors and defense attorneys have agreed to postpone having a grand jury weigh in on the case for the time being.
Donald Trump

Ron Paul, Jon Huntsman to Boycott Trump Debate

Ron Paul and Jon Huntsman will boycott the Dec. 27 GOP debates to protest Donald Trump as moderator, saying his presence is beneath the presidency and calling his politics frivolous. Trump slammed them for the move, calling Paul a clown and Huntsman inconsequential, but neither candidate is bowing to Trump's bluster.
neil diamond

A New Yorker's Opinion: Tiger Woods' Win Contrasts with Kennedy Honors for Diamond, Streep, Rollins, Cook and Ma

The annual Kennedy Center Gala this year bestowed its recognition on Diamond, actress Meryl Streep, cellist Yo-Yo Ma, singer Barbara Cook and saxophonist Sonny Rollins. It's also a weekend that saw the comeback victory of Tiger Woods, the personally troubled golf great, who finally won a tournament after a two-plus-year drought, the Chevron Challenge and Sherman Oaks, held Sunday in Los Angeles. Why do we hold up athletes as role models so much more often than we do artists?
supreme court

Former Bush AG Defends Kagan, Thomas Amid Calls for Recusal

Michael Mukasey, a former federal judge and attorney general under President George W. Bush, said arguments for Justices Elena Kagan and Clarence Thomas to recuse themselves from the Affordable Care Act case are flimsy at best.
U.S. Budget

The Quickest Way to Balance the U.S. Budget

Sooner or later, income taxes on upper-income groups in the United States, including the uber-rich, have to be raised to balance the federal budget, and to restore tax fairness.
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Service Sector Growth Slowest Since Jan 2010: ISM

The pace of growth in the vast U.S. services sector slowed in November to the lowest level in nearly two years, according to an industry report released on Monday.

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