DealBook: The Icahn Effect on Herbalife Shares

1:43 p.m. | Updated

Investors in Herbalife initially cheered the disclosure that Carl C. Icahn had taken a big stake in the company, sending the stock price higher on Friday morning.

But that enthusiasm appeared to fade a bit once Mr. Icahn had an opportunity to explain his reasons for investing in the nutritional supplements company.

The stock gave up some gains at midday on Friday, falling below $40 a share after initially rising as high as $45. It was trading around $41 in the afternoon, up about 7 percent from the previous closing price. Trading volume surged during the time that Mr. Icahn was being interviewed at midday Friday on CNBC.

Mr. Icahn on Thursday disclosed a stake in Herbalife of 12.98 percent. While the investment may very well be a bet on vitamins and protein shakes, it also puts Mr. Icahn squarely in opposition to a longtime rival, the hedge fund manager William A. Ackman, who revealed in December a big wager that Herbalife shares would fall.

The animosity between the two financial titans has its roots in a decade-old dispute.

“I’m not going to lie to you and say that if Ackman gets squeezed I’ll feel very sorry and cry and do penance,” Mr. Icahn said on CNBC on Friday. “But that’s not the reason I’m doing this.”

“This is not an ad hominem thing. It is really not a personal thing,” Mr. Icahn insisted. But he added: “The fact that I don’t like Ackman you could say is the strawberry on top of the ice cream.”

Mr. Icahn described Herbalife as a strong company that had growth potential, calling it “a quintessential example of a company that should be taken private.”
He added that he believed Herbalife sold high-quality products.

Mr. Ackman, the head of Pershing Square Capital Management, contends that Herbalife is an abusive pyramid scheme, an argument that he first outlined when he revealed his large short-selling position in December. That position hasn’t changed.

“Our conclusions are unaffected by who is on the other side of the investment,” Mr. Ackman said in a statement on Friday. “Our goal was to shine a spotlight on Herbalife. To the extent that Mr. Icahn is helping achieve this objective, we welcome his involvement.”

Mr. Icahn, who said he recently met with Herbalife’s chief executive, alluded to some possible plans for the company in a regulatory filing. These “strategic alternatives to enhance shareholder value” could include a “recapitalization or a going-private transaction,” the filing said.

Friday’s CNBC segment followed a drama-filled half-hour in late January, when Mr. Icahn and Mr. Ackman had a heated argument on the channel. Mr. Icahn owned a stake in Herbalife at that point, he revealed on Thursday, but he ramped up his purchases in the following weeks.

That investment appeared to be intended, at least in part, as a way to squeeze Mr. Ackman, the CNBC host suggested. Mr. Ichan denied that, but he didn’t disguise his distaste for his rival.

“If somebody wants to live by the sword,” Mr. Icahn said, “you die by the sword.”

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Oscar Pistorius remains in jail facing murder charge









JOHANNESBURG, South Africa -- South African athlete Oscar Pistorius, who made history last year as the first double amputee runner to compete in the Olympics using prosthetic blades, will spend the night in jail Thursday after he was charged with murder in the death of his girlfriend at his house, prosecutors said.


The National Prosecuting Authority said Pistorius would remain in custody until his hearing Friday, when police intend to oppose bail.


Reeva Steenkamp, a 30-year-old model, died after being shot several times in the head and arm in Pistorius’ house in an upscale suburb in Pretoria.








PHOTOS: Pistorius in the London Olympics


Pistorius was ushered from the home by police Thursday morning with a gray hoodie covering his head and obscuring most of his face.


South Africans were in shock about the accusation against Pistorius, who became a hero during his long battle for the right to compete in the Olympics. After a controversy on whether the blades he uses to walk and run gave him an advantage in races, Pistorius was granted the right to compete in the London 2012 Olympic Games.


South Africa has one of the world's highest rates of murder and violent crime, and many South Africans keep guns at home to guard against intruders.


The Afrikaans-language newspaper Beeld suggested that Pistorius mistook his girlfriend for a burglar and killed her accidentally.


However, a police spokeswoman, Brig. Denise Beukes, said police were “surprised” at reports the killing was accidental, adding that that version hadn’t come from police, according to the South African Press Assn.


"I confirm there had been previous incidents of a domestic nature at his place,” said Beukes, adding that police couldn’t comment on the decision to oppose bail.


Beukes said police had interviewed neighbors who heard sounds at Pistorius’ home earlier in the evening, and also at the time the incident reportedly took place.


Pistorius’ father, Henke Pistorius, said his son was sad. But the older Pistorius said he didn’t know the facts.


“I don’t know nothing. It will be extremely obnoxious and rude to speculate,” he said in a radio interview. “If anyone makes a statement, it will have to be Oscar.”


An advertisement for Nike, one of Pistorius’ major sponsors, was removed from his official website Thursday. It had shown the athlete in a green lycra athletic suit and the slogan, “I am the bullet in the chamber."


ALSO:


Six arrested in Acapulco rape case


Iranian general reportedly assassinated while traveling from Syria


British case of new virus suggests person-to-person transmission





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Animals' Love Lives Look a Lot Like Ours

For most of the 20th century, animals weren’t allowed to have emotions. Your dog didn’t actually love you—it (and it was an “it” back then) was just a stimulus–response machine conditioned to act a specific way in a specific situation. Scientists who said otherwise—that animals actually had minds capable of thoughts and emotions—were accused of “anthropomorphizing” and ridiculed by their peers. Even researchers as famous as chimp specialist Jane Goodall spent years sitting on evidence that animals could do more than just salivate at the sound of a bell.


But over time, that bias waned. Just consider the first sentence (and the title) of Virginia Morell’s new book, Animal Wise: The Thoughts and Emotions of Our Fellow Creatures: “Animals have minds.”


“Not so long ago,” she writes later, “I would have hedged these statements.” After six years of reporting in 11 different countries, the longtime science journalist arrived at the same conclusion that scientists like Goodall have known for a long while: that animals feel. And strongly, it turns out.


But how complex are these emotions? Fear and panic are one thing; but do animals lust, even love? We went to Morell for some answers. Animals might not celebrate Valentine’s Day, but their relationships still look a lot like ours. Here are some of her favorite examples.




Parrot porn, anyone? That’s what Morell was treated to in Venezuela, where scientists are studying the calls of green-rumped parrotlets. One of their racier findings? Little birds be bangin’ like mammals: pushing, clawing, clutching, thrusting. But that’s not all. These parrots lead soap opera–ready lives.


“They were very, very fun to watch,” Morell said.


In one of her favorite stories, a parrot widow gets remarried to a neighbor, only to have her new husband leave her a day later for his first wife. Bad General Parrotreus! All that drama is meticulously documented in a field log, which Morell calls “a parrotlet version of Desperate Housewives.”

Photo: Male (right) and female (left) green-rumped parrotlets. Ninoska Zamora/Flickr.

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Actor Steve Martin is first-time dad at age 67






LOS ANGELES (Reuters) – Actor, writer and comedian Steve Martin has become a dad for the first time at age 67 – and managed to keep it secret from the media for more than a month.


Martin and his second wife, Anne Stringfield, 41, “are new parents and recently welcomed a child,” a spokeswoman for the actor said on Wednesday.






The spokeswoman gave no details, including the sex of the child or the date of birth. But the New York Post cited unidentified sources as saying the baby arrived in December.


The multi-talented Martin, whose career as a writer and performer dates back more than 45 years, has played a father in movies such as “Parenthood,” Cheaper by the Dozen,” and “Father of the Bride.”


Martin, who has hosted the Oscars ceremony three times, married Stringfield, a former writer at the New Yorker magazine, in 2007. His eight-year marriage to British actress Victoria Tennant ended in divorce in 1994.


(Reporting by Eric Kelsey: Editing by Jill Serjeant and Peter Cooney)


Celebrity News Headlines – Yahoo! News





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U.S. Approves First Method to Give the Blind Limited Vision




The F.D.A. Approves a Bionic Eye:
The Argus II allows Barbara Campbell, who lost her sight 20 years ago, to see the world through patterns of light. Scientists hope it is the beginning of even more treatments.







The Food and Drug Administration on Thursday approved the first treatment to give limited vision to people who are blind, involving a technology called the “artificial retina.”




With it, people with certain types of blindness can detect crosswalks on the street, burners on a stove, the presence of people or cars, and sometimes even oversized numbers or letters.


The artificial retina is a sheet of electrodes surgically implanted in the eye. The patient is also outfitted with a pair of glasses with an attached camera and a portable video processor. These elements together allow visual signals to bypass the damaged portion of the retina and be transmitted to the brain. The F.D.A. approval covers this integrated system, which the manufacturer calls Argus II.


The approval marks the first milestone in a new frontier in vision research, a field in which scientists are making strides with gene therapy, optogenetics, stem cells and other strategies.


“This is just the beginning,” said Grace Shen, director of the retinal diseases program at the National Eye Institute, which helped finance the artificial retina research and is supporting many other blindness therapy projects. “We have a lot of exciting things sitting in the wings, multiple approaches being developed now to address this.”


With the artificial retina or retinal prosthesis, a blind person cannot see in the conventional sense, but can identify outlines and boundaries of objects, especially when there is contrast between light and dark — fireworks against a night sky or black socks mixed with white ones in the laundry.


“Without the system, I wouldn’t be able to see anything at all, and if you were in front of me and you moved left and right, I’m not going to realize any of this,” said Elias Konstantopolous, 74, a retired electrician in Baltimore, one of about 50 Americans and Europeans who have been using the device in clinical trials for several years. He said it helps him differentiate curbs from asphalt roads, and detect contours, but not details, of cars, trees and people. “When you don’t have nothing, this is something. It’s a lot.”


The F.D.A. approved Argus II, made by Second Sight Medical Products, to treat people with severe retinitis pigmentosa, a group of inherited diseases in which photoreceptor cells, which take in light, deteriorate.


The first version of the implant had a sheet of 16 electrodes, but the current version has 60. A tiny camera mounted on eyeglasses captures images, and the video processor, worn on a belt, translates those images into pixelized patterns of light and dark. The processor transmits those signals to the electrodes, which send them along the optic nerve to the brain.


About 100,000 Americans have retinitis pigmentosa, but initially between 10,000 and 15,000 will likely qualify for the Argus II, according to the company. The F.D.A. says that up to 4,000 people a year can be treated with the device. That number represents people who are older than 25, who once had useful vision, have evidence of an intact inner retinal layer, have at best very limited light perception in the retina, and are so visually impaired that the device would prove an improvement. Second Sight will begin making Argus II available later this year.


But experts said the technology holds promise for other people who are blind, especially those with advanced age-related macular degeneration, the major cause of vision loss in older people, affecting about two million Americans. About 50,000 of them are currently severely impaired enough that the artificial retina would be helpful, said Dr. Robert Greenberg, Second Sight’s president and chief executive.


In Europe, Argus II received approval in 2011 to treat a broader group of people, those with severe blindness caused by any type of outer retinal degeneration, not just retinitis pigmentosa, although it is currently only marketed in Europe for that condition. In the U.S., additional clinical trials need to be completed before the company can seek broader FDA approval.


Eventually, Dr. Greenberg said, the plan is to implant electrodes not in the eye, but directly into the brain’s visual cortex. “That would allow us to address blindness from all causes,” he said.


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Judge Clears Transocean Plea in Gulf Spill





HOUSTON – A federal judge in New Orleans approved on Thursday Transocean’s agreement with prosecutors to plead guilty to a misdemeanor charge and pay $400 million in criminal penalties for its role in the 2010 Gulf of Mexico oil well blowout that left 11 workers dead and resulted in a yearlong moratorium on deepwater drilling.




The Switzerland-based owner and operator of the ill-fated Deepwater Horizon oil rig was charged with negligently discharging oil into the gulf.


“I believe the plea agreement is reasonable and is accepted,” said United States District Judge Jane Triche Milazzo. No witnesses came to court to object to the agreement, and Judge Milazzo said she received no letters of opposition.


Transocean’s criminal fine is the second highest assessed for an environmental disaster, but it pales in comparison with the $1.26 billion in criminal fines that BP was assessed for the same accident that spewed millions of barrels of crude oil into the gulf, soiling hundreds of miles of beaches in Louisiana, Mississippi and Alabama.


Various government and independent reports have concluded that Transocean’s crew was negligent in interpreting pressure tests that might otherwise have made certain that the well casing and cement would not have leaked oil and gas. In court filings, the government reiterated its contention that BP supervisors had ultimate responsibility for supervising the testing.


In a statement made when the agreement was reached last month, Transocean said it represented a “a positive step forward” and company lawyers in a filing said Transocean “accepts responsibility” for criminal conduct.


The company has also agreed to pay $1 billion in civil penalties, and will be on probation for five years. Much of the money Transocean has agreed to pay will go toward research for oil spill prevention and response and to restoration of coastal natural habitat including the restitution of barrier islands off the coast of Louisiana.


Now, the long legal process surrounding the 2010 accident will focus again on BP.


BP, which has already pleaded guilty to 11 counts of felony manslaughter and other charges and agreed to pay a total of $4.5 billion in fines and penalties, is scheduled to return to court again on Feb. 25. Unless it reaches a settlement before then with the Justice Department, it faces as much as $21 billion in civil fines for what the government claims was gross negligence for the discharge of an estimated 4.9 million barrels of oil over 87 days.


BP has so far strongly contested the claim that it was grossly negligent and it maintains that the government’s estimates for the amount of oil spilled has been exaggerated. BP executives have publicly and privately said they do not expect to settle out of court, and government rhetoric describing the company’s responsibilities has become more heated in recent months.


BP is also facing potential damages of more than $30 billion from claims made by the gulf states and local governments for property and economic damages. The company has already been forced to divest roughly $38 billion of assets to survive its long legal saga.


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Dorner manhunt: Investigators work to ID charred human remains









After what LAPD Chief Charlie Beck called "a bittersweet night," investigators Wednesday were in the process of identifying the human remains found in the charred cabin where fugitive ex-cop Christopher Dorner was believed to have been holed up after trading gunfire with officers, authorities said.


If the body is identified as Dorner’s, the standoff would end a weeklong manhunt for the ex-LAPD officer and Navy Reserve lieutenant suspected in a string of shootings following his firing by the Los Angeles Police Department several years ago. Four people have died in the case, allegedly at Dorner’s hands.


Beck said he would not consider the manhunt over until the body was identified as Dorner. Police remained on tactical alert and were conducting themselves as if nothing had changed in the case, officials said.








PHOTOS: Manhunt for ex-LAPD officer


The latest burst of gunfire came Tuesday after the suspect, attempting to flee law enforcement officials, fatally shot a San Bernardino County sheriff’s deputy and seriously injured another, officials said. He then barricaded himself in a wooden cabin outside Big Bear, not far from ski resorts in the snow-capped San Bernardino Mountains east of Los Angeles, according to police.


"This could have ended much better, it could have ended worse," said Beck as he drove to the hospital where the injured deputy was located. "I feel for the family of the deputy who lost his life."


The injured deputy is expected to survive but it is anticipated he will need several surgeries. The names of the two deputies have not been released.


TIMELINE: Manhunt for ex-LAPD officer


Just before 5 p.m., authorities smashed the cabin's windows, pumped in tear gas and called for the suspect to surrender, officials said. They got no response. Then, using a demolition vehicle, they tore down the cabin's walls one by one. When they reached the last wall, they heard a gunshot. Then the cabin burst into flames, officials said.


Last week, authorities said they had tracked Dorner to a wooded area near Big Bear Lake. They found his torched gray Nissan Titan with several weapons inside, the said, and the only trace of Dorner was a short trail of footprints in newly fallen snow.


According to a manifesto that officials say Dorner posted on Facebook, he felt the LAPD unjustly fired him several years ago, when a disciplinary panel determined that he lied in accusing his training officer of kicking a mentally ill man during an arrest. Beck has promised to review the case.

DOCUMENT: Read the manifesto


The manifesto vows "unconventional and asymmetrical warfare" against law enforcement officers and their families. "Self-preservation is no longer important to me. I do not fear death as I died long ago," it said.


On Tuesday morning, two maids entered a cabin in the 1200 block of Club View Drive and ran into a man who they said resembled the fugitive, a law enforcement official said. The cabin was not far from where Dorner's singed truck had been found and where police had been holding news conferences about the manhunt.


The man tied up the maids, and he took off in a purple Nissan parked near the cabin, the official said. About 12:20 p.m., one of the maids broke free and called police.


FULL COVERAGE: Sweeping manhunt for ex-cop


Nearly half an hour later, officers with the California Department of Fish and Wildlife spotted the stolen vehicle and called for backup, authorities said. The suspect turned down a side road in an attempt to elude the officers but crashed the vehicle, police said.


A short time later, authorities said, the suspect carjacked a light-colored pickup truck. Allan Laframboise said the truck belonged to his friend Rick Heltebrake, who works at a nearby Boy Scout camp.


Heltebrake was driving on Glass Road with his Dalmatian, Suni, when a hulking African American man stepped into the road, Laframboise said. Heltebrake stopped. The man told him to get out of the truck.


INTERACTIVE MAP: Searching for suspected shooter


"Can I take my dog?" Heltebrake asked, according to his friend.





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DC Comics Under Fire for Hiring Anti-Gay Author Orson Scott Card to Write <em>Superman</em>



Ahead of the release of this summer’s Superman film Man of Steel, DC Entertainment is launching a new digital anthology of short comics starring the last son of Krypton entitled Adventures of Superman. Unfortunately, the series is being launched with a story written by Ender’s Game author and outspoken homophobe Orson Scott Card, leading to an online backlash against both the project and the publisher. After all, doesn’t Superman stand against such bigotry?


News of Adventures of Superman broke last Wednesday, with Card listed as co-writer on the first two installments (Aaron Johnston, who has previously worked with Card on Marvel’s Ender’s Game comics as well as a number of science fiction novels, is the other writer, with Chris Sprouse and Karl Story illustrating). Almost immediately, internet reaction condemned Card’s involvement in the title, suggesting that it was tantamount to DC supporting his views on homosexuality.


Card, who is a board member of the National Organization of Marriage, a political non-profit that works against the legalization of same-sex marriage, has been outspoken about his homophobic views for decades. In 1990, Card argued that “laws against homosexual behavior should remain on the books … used when necessary to send a clear message that those who flagrantly violate society’s regulation of sexual behavior cannot be permitted to remain as acceptable, equal citizens within that society.” In 2004, he wrote that equal marriage rights for
gay people could “strike a death blow against the well-earned protected status of [my], and every other, real marriage” as well as American civilization itself.


In the same essay, Card asserts that “the dark secret of homosexual society — the one that dares not speak its name — is how many homosexuals first entered into that world through a disturbing seduction or rape or molestation or abuse.” This conflation of homosexuality with rape and sexual abuse would surface again later in 2011 after the republication of Card’s novella Hamlet’s Father, which recasts the dead King in Shakespeare’s famous play as a gay pedophile who abused Horatio, Laertes, Rosencrantz and Guildenstern. Several critics have asserted that the book implies those characters become gay as a result of the abuse, although Card disputes that interpretation.


These beliefs also align with Card’s larger, fiercely conservative worldview, which has also inspired essays arguing that President Barack Obama was reelected last year because the media conspired to help him win a second term and that America’s public school system is “brainwashing” children through selective history lessons in order to create an army of Democratic Party voters – or as he calls them, the “Leftaliban.”


In response to Card’s involvement with the series, All Out, an international campaign for LGBT equality, has created an online petition calling for the writer’s removal from the title that has already surpassed its first target of 5,000 signatures and is now aiming for 10,000. This has, in turn, been seen as unjust censorship by some, with Kick-Ass creator Mark Millar going so far as to describe it as “fascistic,” suggesting that he may have some problems with the meaning of the term. (Hint: A public petition asking a company to do something may not actually fall under the dictionary definition of fascism).


Whether or not the protests or petition will have any effect remains to be seen. The issue has already bled from internet fandom into mainstream news outlets, with reports appearing in The Huffington Post, NPR, USA Today and The Guardian, which may help push DC into taking action. The publisher has recently shown itself as willing to reverse unpopular decisions based on fan reaction, after all.


When contacted for comment on the matter, DC Entertainment’s Courtney Simmons gave Wired following statement: “As content creators we steadfastly support freedom of expression. However, the personal views of individuals associated with DC Comics are just that — personal views — and not those of the company itself.”


Adventures of Superman launches digitally in April, with a print edition following in May.


Image courtesy of DC Comics


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Beyonce shows marriage, miscarriage and Blue Ivy in documentary






LOS ANGELES (Reuters) – Beyonce is letting fans into her charmed life, introducing daughter Blue Ivy to the world and talking about motherhood, marriage and miscarriage in a new documentary.


The 31-year-old pop singer and her rapper husband, Jay-Z, 43, one of music’s most influential couples, have been guarded about their private life.






But in “Life is But a Dream,” airing on Saturday on cable channel HBO, Beyonce gives fans a glimpse of her working life and even a peek at baby Blue Ivy, who has been fiercely shielded from paparazzi since her birth in January 2012.


The “Crazy in Love” singer addresses the widely reported claim from 2011 that she was faking her pregnancy, calling it “the most ridiculous rumor I’ve ever heard of me.”


“To think that I’d be that vain … especially after losing a child. The pain and trauma from that just makes it mean so much more to get an opportunity to bring life into the world,” she says in the documentary.


The Grammy-winning singer shows footage of a sonogram, her growing bump and grainy video of herself posing nude as she neared her due date.


The HBO film, which Beyonce co-directed, is part of a return to performing by the singer, who took a year off after her first child was born.


The arrival last year of Blue Ivy Carter gained worldwide media attention and prompted Beyonce to share more with her fans, launching a Tumblr page with snapshots that showed glimpses of her family life, including the baby.


Her miscarriage had been kept secret from the public until Jay-Z referred to it in his song “Glory,” that he released following the birth of Blue Ivy.


In the documentary, Beyonce touched on the topic briefly, saying, “It was the saddest thing I’ve ever been through.”


“My life is a journey. … I had to go through my miscarriage, I believe I had to go through owning my company and managing myself … ultimately your independence comes from knowing who you are and you being happy with yourself,” she said.


“Life is But a Dream” serves as a coming-of-age for the star as she entered motherhood.


She gives audiences a peek into her four-year marriage to Jay-Z, showing footage of the couple singing Coldplay’s “Yellow” to each other.


“This baby has made me love him more than I ever thought I could love another human being,” she says.


The documentary shows Beyonce putting herself and her team through grueling choreography rehearsals in 2011 and planning every second of her performances at big awards shows that year.


Beyonce began her comeback with a controversial lip-synched performance of the national anthem at President Barack Obama’s inauguration in January, followed by a live performance at the Super Bowl halftime show that wowed critics.


She has also announced a new album for this year. “The Mrs Carter Show World Tour” – Jay-Z’s real name is Shawn Carter – will kick off in April with more than 40 performances in Europe and North America.


“Life is But a Dream” airs on HBO on Saturday, the same day as Beyonce’s interview with Oprah Winfrey on the OWN cable channel.


(This version of the story corrects the spelling of Shawn Carter to “Shawn” from “Sean” Carter in paragraph 17.)


(Reporting By Piya Sinha-Roy, editing by Jill Serjeant and Doina Chiacu)


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Well: Straining to Hear and Fend Off Dementia

At a party the other night, a fund-raiser for a literary magazine, I found myself in conversation with a well-known author whose work I greatly admire. I use the term “conversation” loosely. I couldn’t hear a word he said. But worse, the effort I was making to hear was using up so much brain power that I completely forgot the titles of his books.

A senior moment? Maybe. (I’m 65.) But for me, it’s complicated by the fact that I have severe hearing loss, only somewhat eased by a hearing aid and cochlear implant.

Dr. Frank Lin, an otolaryngologist and epidemiologist at Johns Hopkins School of Medicine, describes this phenomenon as “cognitive load.” Cognitive overload is the way it feels. Essentially, the brain is so preoccupied with translating the sounds into words that it seems to have no processing power left to search through the storerooms of memory for a response.


Katherine Bouton speaks about her own experience with hearing loss.


A transcript of this interview can be found here.


Over the past few years, Dr. Lin has delivered unwelcome news to those of us with hearing loss. His work looks “at the interface of hearing loss, gerontology and public health,” as he writes on his Web site. The most significant issue is the relation between hearing loss and dementia.

In a 2011 paper in The Archives of Neurology, Dr. Lin and colleagues found a strong association between the two. The researchers looked at 639 subjects, ranging in age at the beginning of the study from 36 to 90 (with the majority between 60 and 80). The subjects were part of the Baltimore Longitudinal Study of Aging. None had cognitive impairment at the beginning of the study, which followed subjects for 18 years; some had hearing loss.

“Compared to individuals with normal hearing, those individuals with a mild, moderate, and severe hearing loss, respectively, had a 2-, 3- and 5-fold increased risk of developing dementia over the course of the study,” Dr. Lin wrote in an e-mail summarizing the results. The worse the hearing loss, the greater the risk of developing dementia. The correlation remained true even when age, diabetes and hypertension — other conditions associated with dementia — were ruled out.

In an interview, Dr. Lin discussed some possible explanations for the association. The first is social isolation, which may come with hearing loss, a known risk factor for dementia. Another possibility is cognitive load, and a third is some pathological process that causes both hearing loss and dementia.

In a study last month, Dr. Lin and colleagues looked at 1,984 older adults beginning in 1997-8, again using a well-established database. Their findings reinforced those of the 2011 study, but also found that those with hearing loss had a “30 to 40 percent faster rate of loss of thinking and memory abilities” over a six-year period compared with people with normal hearing. Again, the worse the hearing loss, the worse the rate of cognitive decline.

Both studies also found, somewhat surprisingly, that hearing aids were “not significantly associated with lower risk” for cognitive impairment. But self-reporting of hearing-aid use is unreliable, and Dr. Lin’s next study will focus specifically on the way hearing aids are used: for how long, how frequently, how well they have been fitted, what kind of counseling the user received, what other technologies they used to supplement hearing-aid use.

What about the notion of a common pathological process? In a recent paper in the journal Neurology, John Gallacher and colleagues at Cardiff University suggested the possibility of a genetic or environmental factor that could be causing both hearing loss and dementia — and perhaps not in that order. In a phenomenon called reverse causation, a degenerative pathology that leads to early dementia might prove to be a cause of hearing loss.

The work of John T. Cacioppo, director of the Social Neuroscience Laboratory at the University of Chicago, also offers a clue to a pathological link. His multidisciplinary studies on isolation have shown that perceived isolation, or loneliness, is “a more important predictor of a variety of adverse health outcomes than is objective social isolation.” Those with hearing loss, who may sit through a dinner party and not hear a word, frequently experience perceived isolation.

Other research, including the Framingham Heart Study, has found an association between hearing loss and another unexpected condition: cardiovascular disease. Again, the evidence suggests a common pathological cause. Dr. David R. Friedland, a professor of otolaryngology at the Medical College of Wisconsin in Milwaukee, hypothesized in a 2009 paper delivered at a conference that low-frequency loss could be an early indication that a patient has vascular problems: the inner ear is “so sensitive to blood flow” that any vascular abnormalities “could be noted earlier here than in other parts of the body.”

A common pathological cause might help explain why hearing aids do not seem to reduce the risk of dementia. But those of us with hearing loss hope that is not the case; common sense suggests that if you don’t have to work so hard to hear, you have greater cognitive power to listen and understand — and remember. And the sense of perceived isolation, another risk for dementia, is reduced.

A critical factor may be the way hearing aids are used. A user must practice to maximize their effectiveness and they may need reprogramming by an audiologist. Additional assistive technologies like looping and FM systems may also be required. And people with progressive hearing loss may need new aids every few years.

Increasingly, people buy hearing aids online or from big-box stores like Costco, making it hard for the user to follow up. In the first year I had hearing aids, I saw my audiologist initially every two weeks for reprocessing and then every three months.

In one study, Dr. Lin and his colleague Wade Chien found that only one in seven adults who could benefit from hearing aids used them. One deterrent is cost ($2,000 to $6,000 per ear), seldom covered by insurance. Another is the stigma of old age.

Hearing loss is a natural part of aging. But for most people with hearing loss, according to the National Institute on Deafness and Other Communication Disorders, the condition begins long before they get old. Almost two-thirds of men with hearing loss began to lose their hearing before age 44. My hearing loss began when I was 30.

Forty-eight million Americans suffer from some degree of hearing loss. If it can be proved in a clinical trial that hearing aids help delay or offset dementia, the benefits would be immeasurable.

“Could we do something to reduce cognitive decline and delay the onset of dementia?” he asked. “It’s hugely important, because by 2050, 1 in 30 Americans will have dementia.

“If we could delay the onset by even one year, the prevalence of dementia drops by 15 percent down the road. You’re talking about billions of dollars in health care savings.”

Should studies establish definitively that correcting hearing loss decreases the potential for early-onset dementia, we might finally overcome the stigma of hearing loss. Get your hearing tested, get it corrected, and enjoy a longer cognitively active life. Establishing the dangers of uncorrected hearing might even convince private insurers and Medicare that covering the cost of hearing aids is a small price to pay to offset the cost of dementia.


Katherine Bouton is the author of the new book, “Shouting Won’t Help: Why I — and 50 Million Other Americans — Can’t Hear You,” from which this essay is adapted.


This post has been revised to reflect the following correction:

Correction: February 12, 2013

An earlier version of this article misstated the location of the Medical College of Wisconsin. It is in Milwaukee, not Madison.

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