March 2, 2014
Oscar Weather Predictions: Who Will Ultimately Rain?
Los Angeles has been hit by rain over the past few days, with many fearing that the inclement weather could continue into Oscar Sunday, creating a wet and messy red carpet. However, it seems like the rain will taper off in time for arrivals at the…
Razzie Awards: Will And Jaden Smith Named Wors Actors Of The Year.
It was a family affair at the annual Razzie Awards Saturday, when Will Smith and his teenage son Jaden were named the worst supporting actor and worst actor, respectively, for their performances in the sci-fli flop After Earth. The two also picked…
Oscars 2014 Live Stream – Red Carpet And Governor’s Ball Video Stream
Be honest—how long have you been waiting for this year’s Oscars? So long, right? Finally, the day has come. The stars are primping, the carpet is unrolling and the fans are waiting for the red carpet to kick off tonight. And yes, OKMagazine.com will…
10 Things Only I Will Understand
It's been a wild ride! Twenty-two years since it all began on that fateful day in Hackettstown Community Hospital. Let's take a moment to look back on some of the many private memories, experiences, fears and neuroses that I've cherished or repressed and never shared with anyone else! If you're me, you'll know exactly what I'm talking about.
Brutally Honest Oscar Voter Ballot No. 7
This is the seventh of eight "brutally honest" Oscar ballots shared with THR by Academy members, one of which will post each day leading up to the Oscar ceremony on Sunday, March 2. (Also available for you to review: the first, the second, the… VOTER PROFILE: This Oscar voter is a longtime member of the Academy's 450-member executives branch.
Flavorwire’s Official 2014 Academy Awards Drinking Game
Prep those cocktails and gather round the telly — it’s Oscar time. The Academy is ditching the bro-isms of Seth MacFarlane and has accepted that “hip” hosts James Franco and Anne Hathaway didn’t cut it. They’re playing it safe this year with Ellen…
Robin Thicke Begged Wife To Stand By Him Through Miley Cyrus Controversy
[Us Weekly] Follow @DanielleHaynes1 and @UPI on Twitter. Topics: Paula Patton, Miley Cyrus, Robin Thicke © 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent. Order reprints Next StoryMary-Kate Olsen engaged to Olivier Sarkozy Recommended Stories Robin Thicke dedicates song to Paula Patton in first post-split concert Feb 28 Robin Thicke on Paula Patton: 'I'm just trying to get her back' [VIDEO] Feb 27 Paula Patton all smiles sans wedding ring, Robin Thicke says he can change Feb 27 Robin Thicke cancels third tour date, blames vocal problems Feb 25 Paula Patton, Robin Thicke split a 'long time coming' Feb 25
Greenberg: Buffett Tells Investors To Get Real About EBITDA
SAN DIEGO (TheStreet) -- The best part about Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren Buffett's annual investor letters is that they always provide some kind of reality check. This year, in one sentence, he takes on one of the biggest diversion tactics of all -- one promulgated by many companies as the way they should be viewed and then gullibly accepted by investors: EBITDA or earnings before interest, taxes,… "When Wall Streeters tout EBITDA as a valuation guide, button your wallet," he wrote. Here's the windup to that comment (emphasis added by me): I won't explain all of the adjustments - some are tiny and arcane - but serious investors should understand the disparate nature of intangible assets: Some truly deplete over time while others in no way lose value. With software, for example, amortization charges are very real expenses. Charges against other intangibles such as the amortization of customer relationships, however, arise through purchase-accounting rules and are clearly not real costs. GAAP accounting draws no distinction between the two types of charges. Both, that is, are recorded as expenseswhen earnings are calculated -- even though from an investor's viewpoint they could not be more different. In the GAAP-compliant figures we show on page 29, amortization charges of $648 million for the companies included in this section are deducted as expenses. We would call about 20% of these "real," the rest not. This difference has become significant because of the many acquisitions we have made. It will almost certainly rise further as we acquire more companies. Eventually, of course, the non-real charges disappear when the assets to which they're related become fully amortized. But this usually takes 15 years and -- alas -- it will be my successor whose reported earnings get the benefit of their expiration. Every dime of depreciation expense we report, however, is a real cost. And that's true at almost all other companies as well. When Wall Streeters tout EBITDA as a valuation guide, button your wallet. Our public reports of earnings will, of course, continue to conform. To embrace reality, however, remember to add back most of the amortization charges we report. Buffett might as well, however, be hollering into a hollow hole. Concerns over the over-use of EBITDA to justify stock prices is decades old. I wrote a piece in Fortune about it in 1998 and again in 2000. Since then, just eyeballing it, EBITDA if anything has been more widely accepted. And if not EBITDA, "adjusted" earnings that adjust out almost anything and everything including the kitchen sink. As an example, look no further than Valeant Pharmaceuticals (VRX): To supplement the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), the company uses non-GAAP financial measures that exclude certain items, such as amortization of inventory step-up, amortization of alliance product assets & property, plant and equipment step up, stock-based compensation step-up, contingent consideration fair value adjustments, restructuring, acquisition-related and other costs, In-process research and development, impairments and other charges, ("IPR&D"), legal settlements outside the ordinary course of business, the impact of currency fluctuations, amortization and other non-cash charges, amortization including intangible asset impairments and write-down of deferred financing costs, debt discounts and ASC 470-20 (FSP APB 14-1) interest, loss on extinguishment of debt, (gain) loss on assets sold/held for sale/impairment, net, (gain) loss on investments, net, and adjusts tax expense to cash taxes. Whew! Of course, in the trigger-finger happy, momentum-driven investing world we currently live in, little details like that take a back seat to charts, technicals and anything and everything but the numbers that count. Reality: Until they do! Reminder: Herb Greenberg's Reality Check newsletter is up and running. -- Written by Herb Greenberg in San Diego Follow @herbgreenberg
Warren Buffett Pitches Vanguard Index Funds For Mom-And-Pop Investors
NEW YORK (TheStreet) -- Berkshire Hathaway (BRK.A) on Saturday reported better-than-forecast operating earnings as the Warren Buffett-run conglomerate continues to see its earnings rise amid a slow but steady recovery of the U.S economy. Berkshire…
Arnold Schwarzenegger Liked Jason Momoa's 'Conan'
"I’ve never met Arnold Schwarzenegger, but I heard he watched it," Momoa told Parade magazine. "He had a little private screening with [producer] Avi Lerner, and I heard he liked it, and that he said I did a good job." Momoa previously appeared in "Game of Thrones" and "Stargate: Atlantis," and is currently starring in the Sundance Channel series "The Red Road" with wife Lisa Bonet.
LISTEN] Drake & Selena Gomez Hook Up — Rapper Admits He Would Go For It
Drake may be in the midst of a steamy romance with Rihanna, but judging from his lyrics, he’s got another star on his mind – Selena Gomez! The rapper seems to subtly admit he wants to hook up with the “Come & Get It” singer while contributing a…
Valeria Lukyanova — Human Barbie On Air Diet, Hasn’t Eaten In Weeks
Ukrainian model Valeria Lukyanova had some shocking things to say in a new interview, admitting that she hasn’t eaten in weeks and is almost able to subsist solely on air and light. Would you expect anything less from a life-sized version of a…
Oscars: Where To Watch Around The World
Catching the Academy Awards if you happen to be outside the U.S. on Oscar night can be a tricky proposition. ABC will be kicking off its extensive Oscar coverage Sunday night at 7 p.m. ET and 4 p.m. PT and will be offering, for the first time, a… But for international Oscar fans, finding local live coverage of the 86th Academy Awards means maneuvering through a patchwork of satellite and cable broadcasters, as well as online offerings.
5 Ridiculous Things The Media Blamed Video Games For
Video games have been mainstream since the 1970s -- there is no logical reason for the media to treat them as new and scary in 2014 (not that there was much reason to treat them as such then, either). Yet, if you're a politician or pundit, ranting…
Beers To Drink Before You Die - Pliny The Elder, Yuengling, And More
There are at least infinity beers in this country of ours, and someone likes every single one of them. But unfortunately, infinity beers is too many for most people to try, so we narrowed it down to 23 that you need to consume if you want to feel a…
Angelina Jolie, Brad Pitt Coordinate Outfits, Hold Hands At 2014 Independent Spirit Awards
Twins once again! Angelina Jolie and Brad Pitt attended the 2014 Independent Spirit Awards in matching black outfits on Saturday, March 1. Jolie was on hand to support her beau for his film 12 Years a Slave; Pitt produced the film and had a small…
Brutally Honest Oscar Voter Ballot No. 5
This is the fifth of five "brutally honest" Oscar ballots shared with THR by Academy members, one of which will post each day leading up to the Oscar ceremony on Sunday, March 2. (Also available for you to review: the first, the second, the third… VOTER PROFILE: This Oscar voter is a longtime member of the Academy's 378-member writers branch who has won an Oscar himself.
Let’s Play ‘Which Kardashian Did The Game Bang?’
Ok, I guess I gave it away with the cow in the headlights up there, but for the sake of burning a few minutes on your boss’ dime, let’s pretend The Game didn’t just basically admit he banged Kim in a radio interview and consider which member of… Kris Jenner: Will The Game let her use his children to market quasi-porn? No? She’s out. Bruce Jenner: Transformation into a woman not complete. Khloe Kardashian: The Game has yet to exhibit dominance over rest of pack. Unsuitable for mating. Kourtney Kardashian: No way would she cheat on Scott, their love is real, you guys. Rob Kardashian: Not gay, although on his way to having best tits in the family. Kendall Jenner: Hates blacks. Kylie Jenner: Way underage although plane tickets to Bangkok are well within our means, hissed a voice from the shadows.
Wars Over Territory: Russia's Invasion Of Crimea Is So Shocking Because It's A Return To A Now Rare Form Of Warfare
It seems like one reason why Russia’s actions in Crimea appear so jarring and brazen is that it’s a form of warfare that was once common but rarely take place anymore. Russia may not formally annex Crimea – it seems more likely that the territory…
Feinberg: Why I'm Rescinding My Best Supporting Actress Oscar Prediction
There are many wonderful things about writing for an outlet that has both a print edition and a website, as I do. One of them is not, however, having to lock in one's Oscar predictions before voting is even over in order to make the deadline for the… STORY: Oscar Voter Reveals Brutally Honest Ballot This has never really caused a problem for me in the past because I always felt confident enough in my print edition picks to stand by them all the way to the big night. This year, though, that is not the case, at least as pertains to one category. So, in a year in which the Academy rescinded an Oscar nomination, I am going to rescind an Oscar projection, with apologies to anyone who may have already plagiarized my picks for their own Oscar pool entry. (Sorry to go all Election 2000 on you, guys.)
Brutally Honest Oscar Voter Ballot No. 3
This is the third of five "brutally honest" Oscar ballots shared with THR by Academy members, one of which will post each day leading up to the Oscar ceremony on Sunday, March 2. (Also available for you to review: the first and the second.) Needless… VOTER PROFILE: This Oscar voter is a longtime member of the Academy's 450-member executives branch.
Vladimir Putin’s War On Ukraine: President Obama Had No Options For Saving Crimea.
Is the West about to go to war with Russia over the fate of Ukraine? The question should answer itself. I can’t imagine many Americans or Europeans willingly spending “blood and treasure” to keep Moscow’s mitts off of Kiev and Kviv. So why, then,…
Jillian Michaels: Rachel Frederickson 'Lost Too Much Weight'
"We are allowed to speak with our contestants after they go home...but no one had told me, 'Hey, Rachel is very, very thin.' Bob and I had no idea. Nobody had told us, nobody had said anything to us, so yes, I was stunned," Michaels, said.… After debuting her new body and getting lots of criticism for the dramatic change, Frederickson admitted she might have taken things too far.
Selena Gomez Thanks Demi Lovato After Rehab Support — Young Humanitarian Award
Is this the most touching thing ever, or what? At the Unite4:Humanity event on Feb. 27, Selena Gomez, 21, was granted the Young Humanitarian Award, and she took the time during her speech to thank BFF Demi Lovato, 21. Read on to find out what Selena…
Kate Middleton Must Fight Royal Pressure To Get A Short, Matronly Haircut
Kate Middleton is due for a haircut before taking off for Australia next month, but rumor abounds that she is going to surprise us all with something seriously short. While we would be eternally grateful because it would give us plenty to talk about…
The 5 Best New Songs We Heard This Week: Sky Ferreira, Gunslinger
It’s Friday, which means that we’re preparing to brave the cold and venture out into the depths of the weekend — and also that it’s time to look back at the best songs we heard over the last seven days. This week there’s a lovely and entirely…
Roadworthy Batmobile Replica Goes On Sale For $1 Million
Somewhere, a deep-pocketed fanboy is pondering a very big splurge. A roadworthy replica of the "Tumbler" Batmobile from Christopher Nolan's Batman Begins, starring Christian Bale, has gone on sale for $1 million. PHOTOS: Batmobiles, Gremlins and 'Matrix' Villains: Inside Warner Bros.' Chamber of Secrets
Independent Spirit Awards Live Stream Video Hosted By Patton Oswalt
Every year, the same weekend as the Oscars, celebrities and directors prepare themselves for the biggest movie night of the year with the Independent Spirit Awards. The ISA’s honor the best acting, directing, producing etc in the most talked-about…
David Byrne Covers Biz Markie: Happy Black History Month! [VIDEO]
In terms of pop culture, few guys made a transition from Geeky White Guy to Master of Funk like David Byrne. Yes, the stilted art student first broke through when the Talking Heads took all the soul out of Al Green’s “Take Me To The River.” But then…
Stupid App Of The Day: BroApp, Which Automatically Texts Your Girlfriend So You Can Keep Chillin' With Your Bros
Bro, let's say you have a girlfriend you don't deserve. Since you self-identify as a "bro," the odds are high. She's real needy and clingy, like she wants you to text her and ask how her day was and generally act like you care about her. Well, bro,…