The New Old Age Blog: More Time to Enroll in Medicare If You Live in Storm Areas

Medicare beneficiaries battered by Hurricane Sandy have one fewer problem to worry about: Federal officials have extended the Dec. 7 deadline to enroll in a private medical or drug plan for next year for those still coping with storm damage.

The Centers for Medicare and Medicaid Services “understands that many Medicare beneficiaries have been affected by this disaster and wants to ensure that all beneficiaries are able to compare their options and make enrollment choices for 2013,” Arrah Tabe-Bedward, acting director for the Medicare Enrollment and Appeals Group, wrote in a Nov. 7 letter to health insurance companies and state health insurance assistance programs.

Beneficiaries hit by the storm can still enroll after the Dec. 7 midnight deadline if they call Medicare’s 24-hour information line: 1-800-MEDICARE (1-800-633-4227). Representatives will be able to review available plans and complete the enrollment process over the phone.

“We are committed to giving people with Medicare the information and the time they need to make important decisions about their coverage,” a Medicare spokeswoman, Isabella Leung, said in an e-mail message. Medicare officials have not set a new deadline but have encouraged beneficiaries to make their decisions soon if possible.

People currently in a plan will be automatically re-enrolled for next year in the same plan.

The extra time also applies to any beneficiaries who normally get help from family members or others to sort through dozens of plans, but who have been unable to do so this year because they live in areas affected by the storm. Neither beneficiaries nor those who provide them assistance will be required to prove that they experienced storm damage.

“This is a really important recognition by CMS to accommodate Medicare enrollees affected by Hurricane Sandy,” said Leslie Fried, director for policy and programs at the National Council on Aging, an advocacy group in Washington.

After the hurricane, the Obama administration declared Connecticut, New Jersey, New York and Rhode Island “major disaster areas,” according to the Federal Emergency Management Agency. In addition, FEMA issued emergency declarations for parts of Delaware, the District of Columbia, Maryland, Massachusetts, New Hampshire, Pennsylvania, Virginia and West Virginia.

More than four million older people in those states are enrolled in drugs-only plans, and more than 2.8 million have Medicare Advantage policies, which includes medical and drug coverage.

Susan Jaffe is a writer for Kaiser Health News, an editorially independent program of the Henry J. Kaiser Family Foundation, a nonprofit, nonpartisan health policy research and communication organization not affiliated with Kaiser Permanente.

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L.A. housing authority rife with fiscal mismanagement, audit finds

Los Angeles' housing authority, which runs on about $1 billion a year in taxpayer funds, is plagued by bad financial management that causes "questionable practices and poor decisions," according to an audit released Thursday by City Controller Wendy Greuel.

Greuel launched the audit last year amid an outcry over hefty taxpayer-funded restaurant tabs for agency officials and a $1-million-plus payout for the authority's fired executive director. The agency is responsible for sheltering about 75,000 of the city's neediest households.

A previous audit found instances of questionable spending by some agency officials, including double and triple billing for some travel and meal expenses. This audit, which looked at the agency's fiscal operations, did not uncover wrongdoing. But it did find that despite the authority's hefty budget and history of scandal going back decades, agency officials have done little to make sure money is properly managed.

Financial oversight was so lax, the audit found, that the agency's board of commissioners did not receive any financial statements or budget status reports during much of 2011 or the early part of 2012, except for one oral report last spring and one annual financial report that was presented nine months after the year had ended. A proposed budget presented to the board for 2012 was not balanced and contained contradictory statements.

"All of this suggests an agency that is out of control," said Greuel, a candidate for mayor. "The city cannot afford to continue spending its housing dollars irresponsibly."

One tenant advocate, Larry Gross, executive director of the L.A. Coalition for Economic Survival, said the lack of financial information given to the board and public was baffling.

"Whoever was on that board was clearly asleep at the wheel," he said. Many of the board members have been replaced in recent years.

Housing authority officials said they agreed with many of the audit's conclusions and will use the findings to guide reforms. Under recently hired Chief Executive Doug Guthrie, officials said they have already instituted a number of new practices, including financial training for all board members, stepped up financial reporting to the board and public, and the arrival of a new chief financial officer with expanded powers.

"We asked for this audit, we paid for the audit and we worked closely with the city controller's office" as the audit was underway, Guthrie said. "There's a lot of good stuff in the audit that helps us."

Mayor Antonio Villaraigosa released a statement expressing support for Guthrie, who was hired last spring after the previous executive director, Rudolf Montiel, was fired and then paid $1.2 million to settle allegations that he was let go in retaliation for reporting improper spending by board members. Montiel had earlier drawn the ire of city leaders when his agency tried to evict nine tenants who protested the agency's policies outside his home.

"The housing authority has worked diligently to win back the trust of the people," Villaraigosa said.

But some City Council members expressed anger at the latest audit findings.

"There's a lot of problems over there, and obviously, the problems haven't gone away," said Councilman Dennis Zine, a candidate for controller. "Maybe it's time for the grand jury to investigate."

Zine also said he would like the City Council to have more authority over the agency. Under a hybrid governing structure, the mayor appoints the authority's seven board members, but the council lacks the ability to review spending decisions, a power it has over many other city departments.

The audit also found that the agency's list of assets contained at least $100 million worth of property that had been disposed of or no longer had much value, such as refrigerators and stoves that had been purchased in the 1970s. No inventory of its fixed assets had been performed in at least seven years.

In addition, the agency did not always follow its own rules when it came to awarding contracts to vendors, in one case allowing someone to sit on a bid selection panel after he had declared a conflict of interest.

jessica.garrison@latimes.com

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Mr. Bond's Carbon-Fiber Tuxedo

James Bond is nothing if not consistent — shot, drowned, pushed out of an airplane with no parachute, he always comes back. And he’s always wearing an impeccable tux. That’s what makes an icon. And that rule to consistently deliver the goods — and to look good doing it — is one followed not only by Mr. Bond, but also by one of his favorite automakers.

Aston Martin has remained consistent for most of its 99-year history, producing sharply designed, poshly appointed and distinctly British sports cars for the luxury market. The company has stuck to the formula with its new range-topping Vanquish.

But consistency can be a double-edged sword. Just as you can throw out a Bond film title and your average Joe may struggle to tell you which actor portrayed 007 in that particular flick, show anyone (aside from Aston enthusiasts) a contemporary Aston Martin and they won’t be able to tell you whether it’s a Vantage, Virage, or DBS. That holds true for the new Vanquish — it’s essentially the same tuxedo with some new bits underneath.

Because Aston does bespoke like Chevy does floor mats, there will likely be a completely naked carbon fiber Vanquish available.

It is a damn good-looking thing though, building subtly on the shape of the Vanquish that debuted in 2001. While similarly sized, the new Vanquish looks leaner, its lines sharper and more tapered amidships. It also borrows cues from Aston’s recent One-77 supercar (out of production after just 77 were built) including the tighter waistline, elongated side strakes, and LED light blade rear clusters. There are hints of carbon fiber, too, visible on the front splitter, side skirts, door mirrors and rear diffuser.

Every body panel on the new Vanquish is constructed from carbon fiber, a choice Aston made because of its high strength-to-weight ratio and reduction in mass (though Ferrari would disagree). Fewer individual body panels are required and the panel gap on the C-pillar joint is no longer present. A new rear Aero Duct (fancy spoiler) is fashioned via an innovative method of laying-up carbon fiber.

Because Aston does bespoke like Chevy does floor mats, there will likely be a completely naked carbon-fiber Vanquish available. (Aston already has a “cutaway” Vanquish display model in exposed carbon.)

Beneath the carbon cloak sits an evolution of Aston’s decade-old VH platform. Aston insists VH — “vertical horizontal” — is a methodology rather than an architecture, so we’ll just call it the re-engineered DBS chassis. The lightweight bonded aluminum structure incorporates a tub with carbon-fiber components. Compared to the outgoing DBS, according to Aston, the weight is down, 75 percent of the parts are new, and rigidity is up 25 percent.

The engine is a considerably re-engineered 6.0-liter V12 (Bond requires 12 cylinders). The block has been revised, there are new heads with dual variable valve timing, an uprated fuel pump, enlarged throttle bodies and an improved “big wing” intake manifold, to cite a few changes. Peak power is 565 hp at 6,750 rpm, and peak torque is 457 pound-feet at 5,500 rpm. With a curb weight around 3,834 pounds, Aston reports the Vanquish can attain 60 mph in 4.0 seconds on the way to a 183 mph top speed.

It feels that fast, especially on the narrow “B” roads (about 1.5 lanes) of the English midlands where I drove it. These are some of the most gritty, undulating, curvy roads in the U.K., and Aston develops its cars on them. The Vanquish’s three-mode (Normal, Sport, Track) suspension handles them with aplomb, combining admirable compliance with excellent body control. The stiff chassis provides the foundation for front and rear double wishbones with coil springs and adjustable shocks. Cocktails all ’round for the Adaptive Damping System engineers who’ve done a bang-up job.

The steering is similarly well-sorted, giving little up to that of the new Porsche 911 I got into following the Vanquish launch. Aston’s rear-mid mounted, six-speed Touchtronic 2 automatic/sequential manual gearbox does the business well and more smoothly than competitors’ double-clutch transmissions. That said, it was flummoxed twice whilst puttering through quaint English villages.

The Vanquish isn’t really a track car, but it’s quite capable of outrunning the bad guys. Your fairer driving companions will approve of the fine-scented cockpit materials like Bridge of Weir Luxmil leather and Alcantara, all hand-stitched. Even the headliner looks tailored.

If there’s one area where the Vanquish falls flat, it’s in ergonomics and infotainment. Familiar elements from the glass key/starter module to the gear-selection buttons remain, though the center stack is a bit different. The speedometer and tach dials are attractive but difficult to read, hence a new digital speedo display. Suspension mode and cruise control buttons on the steering wheel look like afterthoughts. Aston trumpets the center information screen’s haptic feedback, but it’s still too small and saddled by lackluster navigation and menu logic.

The standard Bang & Olufsen sound system wasn’t quite tuned up on the early production cars I drove. Aston says final adjustments on the audio system is ongoing. Tire noise on the funky roads was an unexpected issue. Space wasn’t, though, the Vanquish enjoying more occupant space than the DBS. Back seats are optional, but most suitable for those bound and gagged. Rear and rear three-quarter visibility isn’t great, but the exhaust note is.

The Vanquish breaks little new styling ground — but then, Daniel Craig could probably throw on Sean Connery’s old tuxedo and look just right. That’s a good thing. Class doesn’t go out of style, and neither will the Vanquish. Carbon fiber? That’s another question.

WIRED Sexy shape. Highly composed driving dynamics and near 600 horsepower. Hand-finished interior smells like Ralph Lauren’s saddle cabinet.

TIRED Occasional hitches in the auto-trans at low speed. Standard paddle-shifters should be longer. The optional squared-off steering wheel feels awkward when cruising. As nice as the shape is, there’s just something too familiar about it.

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Call me JackSUN, says singer Jermaine

LOS ANGELES (Reuters) – Jackson 5 singer Jermaine Jackson has petitioned to change his name, according to court documents filed earlier this week in Los Angeles.

The older brother of pop stars Michael and Janet Jackson, Jermaine wants to change his famous last name to Jacksun for “artistic reasons.”

Asked why Jermaine wanted to change his name, his attorney Bret D. Lewis, who filed the petition on Jackson’s behalf, told Reuters “If Prince and P Diddy can do it, why can’t and shouldn’t Jermaine?”

If all goes to plan, Jackson’s name will officially change following a court hearing set for February 22.

Jermaine, 57, and brothers Jackie, Marlon and Tito are currently in Europe on a Unity Tour, under the name The Jacksons, performing hits made famous by the Jackson 5 along with a tribute to their late sibling Michael.

Jermaine Jackson unofficially adopted the name Mohammad Abdul Aziz after converting to Islam in 1989.

(Reporting By Eric Kelsey, editing by Jill Serjeant and Bernard Orr)

Music News Headlines – Yahoo! News

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Recipes for Health: Sweet Potato and Apple Kugel — Recipes for Health

Andrew Scrivani for The New York Times

I’ve looked at a number of sweet potato kugel recipes, and experimented with this one a few times until I was satisfied with it. The trick is to bake the kugel long enough so that the sweet potato softens properly without the top drying out and browning too much. I cover the kugel during the first 45 minutes of baking to prevent this. After you uncover it, it’s important to baste the top every 5 to 10 minutes with melted butter.

 

4 eggs

Salt to taste

2 large sweet potatoes (1 3/4 to 2 pounds total), peeled and grated

2 slightly tart apples, like Gala or Braeburn, peeled, cored and grated

1 tablespoon fresh lime juice

1 tablespoon mild honey or agave nectar

3 to 4 tablespoons melted unsalted butter, as needed

 

1. Heat the oven to 375 degrees. Butter a 2-quart baking dish.

2. In a large mixing bowl, beat the eggs with salt to taste (I suggest about 1/2 teaspoon). Add the grated sweet potatoes and the apples. Pour the lime juice over the grated apples and sweet potatoes, then stir everything together. Combine the honey and 2 tablespoons of the melted butter and stir together, then toss with the sweet potato mixture and combine well.

3. Transfer the mixture to the prepared baking dish. Cover the dish tightly with foil and place in the oven. Bake 45 minutes. Remove the foil and brush the top of the kugel with melted butter. Return to the oven and bake for another 15 to 20 minutes or longer, brushing every 5 minutes with butter. The kugel is ready when the edges are browned, the top is browned in spots and the mixture is set. Remove from the heat and allow to cool for 10 to 15 minutes before serving.

Yield: 8 servings.

Advance preparation: You can make this a day ahead and reheat in a medium oven.

Nutritional information per serving (6 servings): 187 calories; 7 grams fat; 4 grams saturated fat; 1 gram polyunsaturated fat; 2 grams monounsaturated fat; 104 milligrams cholesterol; 28 grams carbohydrates; 4 grams dietary fiber; 91 milligrams sodium (does not include salt to taste); 5 grams protein

Martha Rose Shulman is the author of “The Very Best of Recipes for Health.”

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Blue reign in Sacramento: Democrats dominate California voting

SACRAMENTO — Gov. Jerry Brown and his fellow Democrats are on the cusp of a coveted supermajority in both the Assembly and Senate, giving them the rare power to raise taxes without any Republican support.

No single party has held such a supermajority in Sacramento since 1933.

To cement the dual two-thirds majorities when the Legislature gets down to business next year, Democrats must hold onto one of two Senate seats to be vacated and a few Assembly seats won in tight races. The Senate seats will be filled in special elections expected in March.

The supermajorities would mark a dramatic shift in Sacramento's balance of power, where GOP legislators have aggressively used their ability to block state budget plans and prevent revenue increases to scale back the scope of state government.

Coupled with the approval of Brown's tax plan, Proposition 30, the Democrats now have not only the power but also the money to break free of the deficit that has paralyzed state government for years.

The pressure on Democrats to restore funding for the many services slashed to balance the budget in recent years will be intense.

Already, activists are pressing lawmakers to pump new money into such programs as college scholarships, dental care for the needy and, of course, public schools.

But the first move Brown and legislative leaders made Wednesday was to reassure voters that they would show restraint.

They promised there would be no frenzy of tax hikes.

"Voters have trusted the elected representatives, maybe even trusted me to some extent, and now we've got to meet that trust," Brown said at a Wednesday news conference in the Capitol. "We've got to make sure over the next few years that we pay our bills, we invest in the right programs, but we don't go on any spending binges."

Still, lawmakers can appear to hold the line on revenue generation without actually doing so.

Supermajorities allow lawmakers to impose new fees to pay for infrastructure and other programs that are not technically defined as taxes.

And the same Democrats who are talking tough about fiscal responsibility this week have for years been touting the programs they want to restore or start once the opportunity is there. In addition to raising revenue, they would also be empowered to bring constitutional changes and other measures to voters without any GOP signoff — and to override gubernatorial vetoes.

Given a supermajority, "We're going to use it," Senate President Darrell Steinberg (D-Sacramento) said Wednesday.

"It will be an awesome responsibility," Steinberg said. "But it's very exciting.''

Steinberg briefed the media on his desire to overhaul the tax code.

The result, he acknowledged, could be more money for the state budget.

Assembly Speaker John A. Pérez (D-Los Angeles), who vowed there would be no additional tax increases next year, laid out goals that could trigger more government spending, such as helping students pay for college.

The success Tuesday of Brown's Proposition 30, which raises billions of dollars through temporary income-tax increases on high earners and a quarter-cent surcharge on sales, gives lawmakers breathing room they have not had in years.

With one election, a deficit that has rendered Sacramento dysfunctional and threatened to ravage public schools has been largely wiped out.

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In Bounties They Trust, But Does Paying for Security Bugs Make a Safer Web?

The night before the end of Google’s Pwnium contest at the CanSecWest security conference this year in Vancouver, a tall teen dressed in khaki shorts, tube socks and sneakers was hunkered down on a hallway bench at the Sheraton hotel hacking away at his laptop.

With a $60,000 cash prize on the line, the teen, who goes by the hacker handle “Pinkie Pie,” was working hard to get his exploit for the Chrome browser stabilized before the close of the competition.

The only other contestant, a Russian university student named Sergey Glazunov, had already made off with one $60,000 prize for a zero-day exploit that attacked 10 different bugs.

Finally, with just hours to go before the end of the three-day competition, Pinkie Pie achieved his goal and dropped his exploit, a beauty of a hack that ripped through six zero-day vulnerabilities in Chrome and slipped out of the browser’s security sandbox.

Google called both hacks “works of art,” and within 24 hours of receiving each submission, had patched all of the bugs that they exploited. Within days, the company had also added new defensive measures to Chrome to ward off future similar attacks.

Google’s Pwnium contest is a new addition to its year-round bug bounty programs, launched in 2010, that are aimed at encouraging independent security researchers to find and report security vulnerabilities in Google’s Chrome browser and web properties, and to get paid for doing so.

Vendor bounty programs like Google’s have been around since 2004, when the Mozilla Foundation launched the first modern pay-for-bugs plan for its Firefox browser.* In addition to Google and Mozilla, Facebook and PayPal have also launched bug bounty programs, and even the crafts site Etsy got into the game recently with a program that pays not only for new bugs, but also retroactively for previously reported bugs, to thank researchers who contributed to the site’s security before the bounty program began.

The Mozilla Foundation has paid out more than $750,000 since launching its bounty program; Google has paid out more than $1.2 million.

But some of the biggest vendors, who might be expected to have bounty programs, don’t. Microsoft, Adobe and Apple are just three software makers who have been criticized for not paying independent researchers for bugs they have found, even though the companies benefit greatly from the free work done by those who uncover and disclose security vulnerabilities.

Microsoft says its new BlueHat security program, which pays $50,000 and $250,000 to security pros who can devise defensive measures for specific kinds of attacks, is better than paying for bugs.

“I don’t think that filing and rewarding point issues is a long-term strategy to protect customers,” Microsoft security chief Mike Reavey said recently.

All of which begs the question: Eight years down the line, have bug bounty programs made browsers and web services more secure? And is there any way to really test that proposition?

*Netscape actually launched the first bounty program in 1995, but the idea never really caught on beyond Netscape at the time.

There’s no scientific method for determining if software is more secure than it used to be. And there’s no way to know how much a bounty program has improved the security of a particular software program, as opposed to other measures undertaken by software makers. Security isn’t just about patching bugs; it’s also about adding defensive measures — such as browser sandboxes — to mitigate entire classes of bugs. The combination of these two make software more secure.

But everyone interviewed for this story says the anecdotal evidence strongly supports the conclusion that bounty programs have indeed improved the security of software. And more than this, the programs have yielded other security benefits that go far beyond the individual bugs they’ve helped fix.

In the most obvious sense, bounty programs make software more secure simply by the fact that they reduce the number of security holes hackers can attack.

“There’s a finite number of bugs in these products, so every time you can knock out a bunch of them, you’re in a better place,” says top security researcher Charlie Miller, who’s responsible for finding a number of high-profile vulnerabilities in Apple’s iPhone and other products.

But one of the biggest indications that bounty programs have improved security is the decreasing number of bug reports that come in, according to Google.

“It’s a hard measurement to take, but we’re seeing a fairly sustained drop-off in the number of incoming reports we’re receiving for the Chromium program,” says Chris Evans, information security engineer at Google who leads the company’s Chromium vulnerability rewards program as well as its new Pwnium contest, launched this year.

Google has its own internal fuzzing program to uncover security vulnerabilities, and the rate at which that team is finding bugs has dropped, too, Evans says. Google recently asked some of its best outside bug hunters why bug reports had declined and was told it was just “harder to find” vulnerabilities these days. Harder-to-find bugs for researchers also means harder-to-find bugs for hackers.

Bounty programs also improve security by encouraging researchers to disclose bugs responsibly — that is, passing the information to vendors first, so that they can release a patch to customers before the information is publicly disclosed. And they help mend the fractious relationship that has long existed between researchers and vendors.

In 2009, Miller and fellow security researchers Alex Sotirov and Dino Dai Zovi launched a “No More Free Bugs” campaign to protest freeloading vendors who weren’t willing to pay for the valuable service bug hunters provided and to call attention to the fact that researchers often got punished by vendors for trying to do a good deed.

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Ex-oil man to be next Anglican leader: UK media

LONDON (Reuters) – A former oil executive who went to the same exclusive school as Prime Minister David Cameron will shortly be named Archbishop of Canterbury, spiritual leader of the world’s 80 million Anglicans, British newspapers said on Thursday.

Justin Welby, 56, the Bishop of Durham, who has had a meteoric rise up the Church of England hierarchy since quitting the world of commerce in 1992, will be announced as the next archbishop as early as Friday, the reports said.

The nomination follows weeks of speculation that the Church body assigned to elect the future archbishop was split over choosing a reformer or a safe pair of hands to maintain the status quo.

Cameron’s spokesman said an announcement would come “soon”.

Welby, who went to the same exclusive school, Eton College, as Cameron, London mayor Boris Johnson and Princes William and Harry, has already accepted the position, according to the Daily Telegraph.

Bookmaker William Hill stopped taking bets on the future archbishop after a run of bets on Welby on Tuesday.

“In the space of less than an hour we had to cut the odds three times, so took the decision to close the book as we know a decision is already overdue and it seems word may have leaked out,” the bookmaker said in a statement

Welby will replace left-leaning incumbent Rowan Williams, who has said his successor as head of the global Anglican Communion will need “the constitution of an ox and the skin of a rhinoceros”.

Welby is widely reported to be against gay marriage but broadly in favor of the ordination of women bishops, two of the most divisive issues in the communion.

The new archbishop will earn about 74,000 pounds ($ 120,000) a year. He will have lodgings in the Old Palace in Canterbury, southeast England, and the historic riverside Lambeth Palace in London. His tenure will last until retirement at 70 or until he decides to move on.

(Reporting By Alessandra Prentice; editing by Steve Addison/Maria Golovnina)

Celebrity News Headlines – Yahoo! News

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Recipes for Health: Cabbage, Onion and Millet Kugel — Recipes for Health

Andrew Scrivani for The New York Times

Light, nutty millet combines beautifully with the sweet, tender cabbage and onions in this kugel. I wouldn’t hesitate to serve this as a main dish.

 

1/2 medium head cabbage (1 1/2 pounds), cored and cut in thin strips

Salt to taste

2 tablespoons extra virgin olive oil

1 medium onion, finely chopped

1/4 cup chopped fresh dill

Freshly ground pepper

1 cup low-fat cottage cheese

2 eggs

2 cups cooked millet

 

1. Preheat the oven to 375 degrees. Oil a 2-quart baking dish. Toss the cabbage with salt to taste and let it sit for 10 minutes.

2. Meanwhile, heat 1 tablespoon of the oil over medium heat in a large, heavy skillet and add the onion. Cook, stirring, until it begins to soften, about 3 minutes, then add a generous pinch of salt and turn the heat to medium-low. Cook, stirring often, until the onion is soft and beginning to color, about 10 minutes. Add the cabbage, turn the heat to medium, and cook, stirring often, until the cabbage is quite tender and fragrant, 10 to 15 minutes. Stir in the dill, taste and adjust salt, and add pepper to taste. Transfer to a large bowl.

3. In a food processor fitted with the steel blade, purée the cottage cheese until smooth. Add the eggs and process until the mixture is smooth. Add salt (I suggest about 1/2 teaspoon) and pepper and mix together. Scrape into the bowl with the cabbage. Add the millet and stir everything together. Scrape into the oiled baking dish. Drizzle the remaining oil over the top and place in the oven.

4. Bake for about 40 minutes, until the sides are nicely browned and the top is beginning to color. Remove from the oven and allow to cool for at least 15 minutes before serving. Serve warm or at room temperature, cut into squares or wedges.

Yield: 6 servings.

Advance preparation: The cooked millet will keep in the refrigerator for 3 to 4 days and freezes well. The kugel will keep for 3 days in the refrigerator. Reheat in a medium oven.

Nutritional information per serving (6 servings): 195 calories; 7 grams fat; 1 gram saturated fat; 1 gram polyunsaturated fat; 4 grams monounsaturated fat; 64 milligrams cholesterol; 23 grams carbohydrates; 4 grams dietary fiber; 148 milligrams sodium (does not include salt to taste); 10 grams protein

Martha Rose Shulman is the author of “The Very Best of Recipes for Health.”

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DealBook: On Wall Street, Time to Mend Fences With Obama

Del Frisco’s, an expensive steakhouse with floor-to-ceiling windows overlooking the Boston harbor, was a festive scene on Tuesday evening. The hedge fund billionaires Steven A. Cohen, Paul Singer and Daniel Loeb were among the titans of finance there dining among the gray velvet banquettes before heading several blocks away to what they hoped would be a victory party for their presidential candidate, Mitt Romney.

The next morning was a cold, sobering one for these executives.

Few industries have made such a one-sided bet as Wall Street did in opposing President Obama and supporting his Republican rival. The top five sources of contributions to Mr. Romney, a former top private equity executive, were big banks like Goldman Sachs and JPMorgan Chase, according to the Center for Responsive Politics. Wealthy financiers — led by hedge fund investors — were the biggest group of givers to the main “super PAC” backing Mr. Romney, providing almost $33 million, and gave generously to outside groups in races around the country.

On Wednesday, Mr. Loeb, who had supported Mr. Obama in 2008, was sanguine. “You win some, you lose some,” he said in an interview. “We can all disagree. I have friends and we have spirited discussions. Sure, I am not getting invited to the White House anytime soon, but as citizens of the country we are all friendly.”

Wall Street, however, now has to come to terms with an administration it has vilified. What Washington does next will be critically important for the industry, as regulatory agencies work to put their final stamp on financial regulations and as tax increases and spending cuts are set to take effect in the new year unless a deal to avert them is reached. To not have a friend in the White House at this time is one thing, but to have an enemy is quite another.

“Wall Street is now going to have to figure out how to make this relationship work,” said Glenn Schorr, an analyst who follows the big banks for the investment bank Nomura. “It’s not impossible, but it’s not the starting point they had hoped for.”

Traditionally, the financial industry has tended to support Republican candidates, but, being pragmatic about power, has also donated to Democrats. That script got a rewrite in 2008, when many on Wall Street supported Mr. Obama as an intelligent leader for a country reeling from the financial crisis. Goldman employees were the leading source of campaign donations for Mr. Obama, who reaped far more contributions — roughly $16 million — from Wall Street than did his opponent, John McCain.

The love affair between Wall Street and Mr. Obama soured soon after he took office and championed an overhaul in financial regulations that became the Dodd-Frank Act.

Some financial executives complained that in meetings with the president, they found him uninterested and disengaged, while others on Wall Street never forgave Mr. Obama for calling them “fat cats.”

The disillusionment with the president spawned reams of critical commentary from Wall Street executives.

“So long as our leaders tell us that we must trust them to regulate and redistribute our way back to prosperity, we will not break out of this economic quagmire,” Mr. Loeb wrote in one letter to his investors.

The rhetoric at times became extreme, like the time Steven A. Schwarzman, co-founder of the private equity firm Blackstone Group, compared a tax proposal to “when Hitler invaded Poland in 1939.” (Mr. Schwarzman later apologized for the remark.)

Mr. Loeb was not alone in switching allegiances in the recent presidential race. Hedge fund executives like Leon Cooperman who had supported Mr. Obama in 2008 were big backers of Mr. Romney in 2012. And Wall Street chieftains like Jamie Dimon of JPMorgan Chase and Lloyd C. Blankfein of Goldman Sachs, who have publicly been Democrats in the past, kept a low profile during this election. But their firms’ employees gave money to Mr. Romney in waves.

Starting over with the Obama White House will not be easy. One senior Wall Street lawyer who spoke on condition of anonymity said Wall Street “made a bad mistake” in pushing so hard for Mr. Romney. “They are going to pay a price,” he said. “It will soften over time, but there will be a price.”

Mr. Obama is not without supporters on Wall Street. Prominent executives like Hamilton James of Blackstone, and Robert Wolf, a former top banker at UBS, were in Chicago on Tuesday night, celebrating with the president.

“What we learned is the people on Wall Street have one vote just like everyone else,” Mr. Wolf said. Still, while the support Wall Street gave Mr. Romney is undeniable, Mr. Wolf said, “Mr. Obama wants a healthy private sector, and that includes Wall Street.

“If you look at fiscal reform, infrastructure, immigration and education, they are all bipartisan issues and are more aligned than some people make it seem.”

Reshma Saujani, a former hedge fund lawyer who was among Mr. Obama’s top bundlers this year and is planning to run for city office next year, agreed.

“Most people in the financial services sector are social liberals who support gay marriage and believe in a woman’s right to choose, so I think many of them will swing back to Democrats in the future,” she said.

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This post has been revised to reflect the following correction:

Correction: November 8, 2012

An earlier version of this article misidentified Reshma Saujani as a male.

A version of this article appeared in print on 11/08/2012, on page B1 of the NewYork edition with the headline: On Wall Street, Time to Mend Fences With Obama.

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