DealBook: Amid Bank's Legal Problems, Barclays Chief Gives Up Bonus

Antony P. Jenkins, the new chief executive of Barclays, said on Friday that he would forgo his bonus as the British bank struggled to rebuild its reputation after recent missteps.

British regulators are investigating new accusations that Barclays failed to properly disclose to shareholders a loan to a group of Qatari investors that gave the British bank a cash infusion during the financial crisis, according to a person with direct knowledge of the matter.

Last year, the bank disclosed that British and American authorities were investigating the legality of the payments related to the $7.1 billion cash injection to Qatar Holding, the sovereign wealth fund.

Mr. Jenkins is dealing with a series of legal headaches.

In June, Barclays agreed to pay a $450 million settlement with United States and British regulators over rate manipulation. The scandal forced a number of the bank’s top executives to resign, including the chief executive at the time, Robert E. Diamond Jr.

The British firm has also set aside $3.2 billion to cover legal costs related to the inappropriate selling of insurance to consumers. British authorities recently told the bank that it must review the sale of certain interest rate hedging products after 90 percent of a sample of the complex instruments were found to have been sold improperly. Analysts say the investigation may lead to millions of dollars of new legal costs.

With the controversy surrounding the bank, Mr. Jenkins said he did not want to be considered for a bonus that could have totaled up to $4.3 million, adding that many of the problems engulfing the bank were of its own making. The Barclays chief’s annual salary is $1.7 million.

“I think it only right that I bear an appropriate degree of accountability for those matters,” Mr. Jenkins said in a statement. “It would be wrong for me to receive a bonus for 2012.”

A spokesman for Barclays declined to comment about the investigation into potential wrongdoing connected to the loan to Qatari investors.

By giving up his bonus, Mr. Jenkins contrasts with his predecessor. Mr. Diamond was in line for a $4.3 million bonus for 2011 despite criticism about the bank’s performance. Faced with mounting opposition, Mr. Diamond and Chris Lucas, the bank’s finance director, eventually agreed to forgo half of the deferred stock payout if the British bank failed to reach a number of its financial targets.

Barclays, which will disclose details of a major overhaul of its operations when it reports earnings on Feb. 12, is expected to cut up to 2,000 jobs in its investment bank in an effort to reduce its exposure to risky trading activity, according to two people with direct knowledge of the matter.

Mr. Jenkins, who previously ran Barclays’ consumer banking business, told employees in January that they should leave the bank if they were not willing to help rebuild the firm’s reputation.

“My message to those people is simple,” Mr. Jenkins wrote in an internal note obtained by The New York Times. “Barclays is not the place for you. The rules have changed.”

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This post has been revised to reflect the following correction:

Correction: February 1, 2013

An earlier version of this article indicated that the Barclays chief executive told employees earlier this month that they should leave the bank if they were not willing to help rebuild the firm’s reputation. He told them in January.

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Senate Democrats huddle on gun measures

WASHINGTON – Vice President Joe Biden met Thursday with Senate Democrats to brief the caucus about the rationale behind the administration’s recommendations on guns, arguing that, in the wake of the Newtown, Conn., shooting, the nation “will not understand if we don’t act.”

Biden seemed intent to emphasize that the most politically challenging of the initiatives he has  recommended – an assault weapons ban – was still a priority for the administration, mentioning it first in remarks to reporters afterward.

“My message was to lay out for my colleagues what our game plan was, what we thought needed to be done,” Biden said after the more than hourlong meeting. “I made the case for not only assault weapons but for the entire set of recommendations the president laid out.”

Biden said he also asked to sit down with the key parties on Capitol Hill to plot strategy going forward.

All 23 of President Obama's gun policy proposals

A day after the Senate Judiciary Committee held its first hearing on guns, the vice president said there has been a “sea change” in public opinion since the Sandy Hook Elementary School shooting, calling it the “straw that broke the camel’s back” to get the public behind gun measures for the first time in decades.

“I’m not saying there’s an absolute consensus on all these things,” he said. “But there is a sea change in attitudes of the American people. And I believe that the American people will not understand – and I know everyone in that caucus agrees with me – will not understand if we don’t act.”

Participants in the meeting said the vice president indicated he will continue to travel to make the administration’s case, as will the president. A week ago Biden traveled to Richmond, Va., to focus on the call for universal background checks, which is seen as the most likely of the slate of proposals to pass.

PHOTOS: President Obama’s past

At that time, Biden did not mention the assault weapons ban in remarks to reporters afterward, though aides said it did come up in the private discussion with officials present.

Sen. Barbara Boxer (D-Calif.) said Biden told the caucus Thursday that the administration is still behind the ban, a priority of her California colleague, Democratic Sen. Dianne Feinstein.

“He said this is something that they support. And that the reports that he’s seen have shown that it did make a difference,” Boxer said.

That remains a challenge though, even in the Democratic-controlled Senate because the Democrats must defend 21 seats in 2014.

“Until I see the bills and the language, the only thing I’m going to say is I’m a strong supporter of the 2nd Amendment. We’ve got to find a balanced approach, and I will take each amendment and bill as it comes,” said Sen. Mary Landrieu (D-La.), who will be seeking reelection next year in a deeply Republican state.

Biden maintained that while there is no way to eliminate the possibility of another mass shooting, “there are things that we can do … that have virtually zero impact on your 2nd Amendment right to own a weapon for both self-defense and recreation that can save some lives.”

“I’ve always been confident we can reach a consensus on a broad cross-section of issues that can reduce some of this violence, even knowing it will be imperfect,” said Sen. Bob Casey (D-Pa.).

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Is PlayStation 4 Nearly Here? Sony Plans Mysterious Feb. 20 Press Conference

Is the next next-generation console almost here? Wired just received an invitation to “PlayStation Meeting 2013,” a press briefing to be held in New York City on February 20, beginning at 6 p.m. Eastern time. It was accompanied by the cryptic video above and contained no further information.

With Sony heavily rumored to be announcing (and possibly releasing) its next-generation game machine this year, and with absolutely no details being offered on this out-of-the-ordinary press conference, it seems quite likely that Sony is about to debut PlayStation 4. But of course, we won’t know for sure until the day of the show.

“Sony is inviting investors and media to the Feb 20 event; that means console announcement,” wrote Wedbush game industry analyst Michael Pachter on Twitter immediately following the news.

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Tom Hardy, Noomi Rapace in talks for Soviet thriller

NEW YORK (TheWrap.com) – Tom Hardy and Noomi Rapace are in talks to star in “Child 44,” a thriller that Ridley Scott and Michael Costigan are producing for Scott Free Productions, individuals with knowledge of the deal told TheWrap. “Safe House” filmmaker Daniel Espinosa will direct from a script by Richard Price, who is adapting Tom Rob Smith‘s novel.

Set in Josef Stalin‘s Soviet Union, the story follows Leo Demidov, a disgraced intelligence agent investigating a series of child murders. The paranoid Soviet government then becomes suspicious of his investigation.

The book, the first in a trilogy, is based on the true story of Ukrainian serial killer Andrei Chikatilo.

Hardy will play the officer and Rapace his wife.

The actors will first shoot “Animal Rescue,” a drama that Michael Roskam is directing for Fox Searchlight. Hardy, fresh off a year in big films such as ‘The Dark Knight Rises,” just wrapped “Mad Max: Fury Road.” Rapace, who appeared in 2012′s “Prometheus,” will next be seen in “Dead Man Down.”

Movies News Headlines – Yahoo! News

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Well: Waiting for Alzheimer's to Begin

My gray matter might be waning. Then again, it might not be. But I swear that I can feel memories — as I’m making them — slide off a neuron and into a tangle of plaque. I steel myself for those moments to come when I won’t remember what just went into my head.

I’m not losing track of my car keys, which is pretty standard in aging minds. Nor have I ever forgotten to turn off the oven after use, common in menopausal women. I can always find my car in the parking lot, although lots of “normal” folk can’t.

Rather, I suddenly can’t remember the name of someone with whom I’ve worked for years. I cover by saying “sir” or “madam” like the Southerner I am, even though I live in Vermont and grown people here don’t use such terms. Better to think I’m quirky than losing my faculties. Sometimes I’ll send myself an e-mail to-do reminder and then, seconds later, find myself thrilled to see a new entry pop into my inbox. Oops, it’s from me. Worse yet, a massage therapist kicked me out of her practice for missing three appointments. I didn’t recall making any of them. There must another Nancy.

Am I losing track of me?

Equally worrisome are the memories increasingly coming to the fore. Magically, these random recollections manage to circumnavigate my imagined build-up of beta-amyloid en route to delivering vivid images of my father’s first steps down his path of forgetting. He was the same age I am now, which is 46.

“How old are you?” I recall him asking me back then. Some years later, he began calling me every Dec. 28 to say, “Happy birthday,” instead of on the correct date, Dec. 27. The 28th had been his grandmother’s birthday.

The chasms were small at first. Explainable. Dismissible. When he crossed the street without looking both ways, we chalked it up to his well-cultivated, absent-minded professor persona. But the chasms grew into sinkholes, and eventually quicksand. When we took him to get new pants one day, he kept trying on the same ones he wore to the store.

“I like these slacks,” he’d say, over and over again, as he repeatedly pulled his pair up and down.

My dad died of Alzheimer’s last April at age 73 — the same age at which his father succumbed to the same disease. My dad ended up choosing neurology as his profession after witnessing the very beginning of his own dad’s forgetting.

Decades later, grandfather’s atrophied brain found its way into a jar on my father’s office desk. Was it meant to be an ever-present reminder of Alzheimer’s effect? Or was it a crystal ball sent to warn of genetic fate? My father the doctor never said, nor did he ever mention, that it was his father’s gray matter floating in that pool of formaldehyde.

Using the jarred brain as a teaching tool, my dad showed my 8-year-old self the difference between frontal and temporal lobes. He also pointed out how brains with Alzheimer’s disease become smaller, and how wide grooves develop in the cerebral cortex. But only after his death — and my mother’s confession about whose brain occupied that jar — did I figure out that my father was quite literally demonstrating how this disease runs through our heads.

Has my forgetting begun?

I called my dad’s neurologist. To find out if I was in the earliest stages of Alzheimer’s, he would have to look for proteins in my blood or spinal fluid and employ expensive neuroimaging tests. If he found any indication of onset, the only option would be experimental trials.

But documented confirmation of a diseased brain would break my still hopeful heart. I’d walk around with the scarlet letter “A” etched on the inside of my forehead — obstructing how I view every situation instead of the intermittent clouding I currently experience.

“You’re still grieving your father,” the doctor said at the end of our call. “Sadness and depression affect the memory, too. Let’s wait and see.”

It certainly didn’t help matters that two people at my father’s funeral made some insensitive remarks.

“Nancy, you must be scared to death.”

“Is it hard knowing the same thing probably will happen to you?”

Maybe the real question is what to do when the forgetting begins. My dad started taking 70 supplements a day in hopes of saving his mind. He begged me to kill him if he wound up like his father. He retired from his practice and spent all day in a chair doing puzzles. He stopped making new memories in an all-out effort to preserve the ones he already had.

Maybe his approach wasn’t the answer.

Just before his death — his brain a fraction of its former self — my father managed to offer up a final lesson. I was visiting him in the memory-care center when he got a strange look on his face. I figured it was gas. But then his eyes lit up and a big grin overtook him, and he looked right at me and said, “Funny how things turn out.”

An unforgettable moment?

I can only hope.

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Nancy Stearns Bercaw is a writer in Vermont. Her book, “Brain in a Jar: A Daughter’s Journey Through Her Father’s Memory,” will be published in April 2013 by Broadstone.

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DealBook: Deutsche Bank Posts Surprise $3 Billion Loss

FRANKFURT — Deutsche Bank, Germany’s largest lender, reported a surprise quarterly net loss of $3 billion on Thursday, as new management tallied the cost of past mistakes and tried to draw a line under the bank’s troubled past.

The fourth-quarter loss of 2.2 billion euros included about 1 billion euros the bank set aside to cover legal proceedings and investigations, including accusations that Deutsche Bank was among institutions that rigged global benchmarks used to set rates on trillions in loans. The bank also booked losses in recognition of the diminished value of acquisitions going as far back as its purchase of Bankers Trust in the United States in 1998.

While the loss partly reflected problems peculiar to Deutsche Bank, it was a reminder of the weak state of European banking more than four years after the beginning of the financial crisis. Deutsche Bank is considered relatively healthy by European standards. Hesitant action by national regulators means that many other banks have not yet been forced to recognize the full scope of bad investments and depend on the European Central Bank for cash they need to operate.

The loss at Deutsche Bank contrasts with strong earnings recently by competitors like JPMorgan Chase. Still, its shares rose 2.9 percent in Frankfurt trading as investors apparently concluded that the German bank’s relatively new co-chief executives, Jürgen Fitschen and Anshu Jain, were front-loading the bad news. Investors were also rewarding the bank’s efforts to increase the size of the reserves it holds as insurance against losses.

The two men took over the reins less than seven months ago and have declared their intention to deal more severely with the legacy of the financial crisis. The new approach includes raising the amount of capital the bank keeps in reserve compared with the amount of money it lends to customers or otherwise puts at risk. Deutsche Bank has suffered from the perception that it is among the most highly leveraged banks in Europe.

The bank said on Thursday that it had raised its so-called core Tier 1 capital ratio, a measure of the size of the reserves in relation to the amount of money at risk, to 8 percent from less than 6 percent a year ago. Some analysts questioned whether the bank really had become safer or whether the improved ratio simply reflected changes in the way the bank calculates risk.

For now, though, investors are willing to give Deutsche Bank the benefit of the doubt, analysts said.

“The new management under co-C.E.O. Anshu Jain is starting to deal with D.B.’s legacy issues,” analysts at JPMorgan Cazenove said in a note to clients.

Capital is also an issue for Deutsche Bank in the United States, where the Federal Reserve is proposing that foreign banks hold more capital at their local operating units. Stefan Krause, the bank’s chief financial officer, said in a call with analysts that Deutsche Bank was prepared to allocate more capital to the United States in 2015, adding that the rules “were really not very helpful in terms of helping global financial markets.”

The quarterly results showed the bank was clearing its books of bad assets and reducing risk, its executives said. Late last year Deutsche Bank created a “noncore operations unit” to dispose of bad investments or holdings that did not produce an adequate return.

“We are willing to take pain,” Mr. Jain said at a news conference. “That is the real story of the fourth quarter. We are willing to take losses.”

Deutsche Bank said revenue in the fourth quarter rose 14 percent, to 7.9 billion euros, from the period a year earlier. The bank warned in December that it would incur major charges in the quarter, but most analysts had not expected the loss to be nearly so big. Before taxes, the loss was 2.6 billion euros.

For the full year, Deutsche Bank reported a net profit of 665 million euros after subtracting 3.5 billion euros related to legal problems or diminished value of assets.

The bank’s problems are far from over. Deutsche Bank continues to cope with the consequences of behavior by some employees, including a tax evasion inquiry that led to a raid on company headquarters last month involving hundreds of police officers. Executives acknowledged on Thursday that the bank could face additional lawsuits related to its sale of securities tied to the United States subprime mortgage market.

“Although they have taken some chunky provisions, litigation is an ongoing drag on the industry,” said Jon Peace, a bank analyst with Nomura in London. “There is probably going to be more litigation drag in 2013.”

Deutsche Bank is among institutions accused of helping to manipulate the London interbank offered rate, or Libor, which is used to set rates on trillions of dollars of mortgages and other debt. Mr. Jain said on Thursday that during the World Economic Forum in Davos, Switzerland, last week, he and other bankers discussed whether it would be possible to work out a global settlement with authorities and complainants. While the bankers did not make any decisions, Mr. Jain said, they agreed that a comprehensive settlement might make sense and would discuss it further.

In response to lapses of the past, executive bonuses have been curtailed, and employees have undergone mandatory ethics training which stresses integrity in trading and dealing with clients, Mr. Fitschen said.

“If you cannot commit yourself to those values without reservation,” he said, “Deutsche Bank is not the place for you.”

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China's ethnic Manchus rediscovering their roots

BEIJING — Nobody would suspect that this impish toddler is of noble lineage. Yiyi has the same buzz cut as other 3-year-old Chinese boys, the familiar habit of scattering his fleet of toy cars across the living room rug.

But his family name gives him away: Yehenala, a famous Manchurian clan that once ruled China.

When Yiyi was born, his father and grandfather made the unusual decision to give him the old Manchu name. Generations earlier, the family had shortened the name to Ye to disguise the fact that they were aristocrats in a communist country founded on the principle of overturning feudalism.

"We are proud of our royal blood," said the boy's father, Ye Jia, a 40-year-old state company employee who says he would change his name too if the bureaucracy wasn't so complicated.

The name is a mouthful in a country where almost all family names are written by a single character and pronounced with a single syllable. Yiyi is the only child with such an exotic name in his Beijing preschool class.

But his father thinks it will serve him well in the long run. "Even his teacher says he's special," Ye said.

Descended from a horse-riding nomadic people of northeastern China, the Manchus were the last imperial rulers of the country, establishing the Qing Dynasty, which lasted from 1644 until 1912. After the abdication of the last emperor, Pu Yi, his clan changed its name to Jin. The Yehenalas, related to Cixi, the empress dowager who was de facto ruler in the late 19th century, became Ye or Na.

A century later, ethnic Manchus are rediscovering their roots.

A few universities have revived the study of the nearly extinct Manchu language, which is more like Mongolian than Chinese. There are culture seminars to study the dance, food and music of Manchuria, even Internet forums. Many people have also begun using their Manchu family names, even if few are legally registered like little Yehenala Yiyi.

Although aristocracy is no longer a dirty word in China (daytime television is full of historical dramas about imperial times and luxury goods are advertised as fit for royalty), China's imperial kin continue to live modestly, not flaunting their lineage like European nobility.

The Ye family has faded black-and-white photographs of Cixi and other illustrious relatives in their brocaded costumes of old, but they are kept tucked away in a folder.

During the Cultural Revolution, Mao Tse-tung's decade-long purge of the elites, the stigma attached to being a member of the old aristocracy was so great that many imperial descedents were unaware of their own lineage. Ye Longpei, Yiyi's 70-year-old grandfather, didn't find out until he was an adult that his own grandfather had been the youngest brother of the empress Cixi.

His father, who was then close to dying, confided the family secret in 1975, in the waning days of the Cultural Revolution, during a walk to the Summer Palace, Cixi's retreat in northwest Beijing.

"That's how shameful it was to be part of the royal family. This is something that nobody would brag about," said Ye, a retired schoolteacher who lives with his son's family in a comfortable but nondescript two-bedroom walk-up apartment south of downtown Beijing.

Chinese history deals harshly with the Qing Dynasty. Pu Yi is still despised as a collaborator for having headed the puppet state of Manchuko, which was established by Japanese occupiers during the 1930s. Some memoirs about Cixi describe an insatiable sexual appetite and cruelty, although her relatives say the stories are fabricated.

"Cixi became the scapegoat for everything that was wrong with old China," said Na Genzheng, a 61-year-old descendant of one of the empress' brothers. One of the more outspoken family representatives, he keeps a photograph of Cixi flanked by tall vases, shrine-like, in a niche in his living room. He specializes in Manchu script, producing loopy calligraphy that looks a little like Arabic written vertically.

"People don't appreciate her contribution and the family's to Chinese culture," he said.

His illustrious ancestor, he said, "lived in a period of transition and promoted reforms learned from Western countries." Cixi's descendants held a large family reunion in 2008 on the 100th anniversary of her death and are trying to salvage her reputation.

Some things Manchu have been incorporated seamlessly into Beijing culture, such as the popular pastry saqima and the figure-hugging dresses known as cheongsam. Like the Yiddish woven into New York slang, Beijingers use Manchu-derived insults such as "moceng," meaning "slow," and "mama huhu," meaning "mediocre" or "careless."

Not all Manchus can trace their lineage to emperors, but many have ties to the former imperial bureaucracy. (In fact, a large number of descendants found jobs in the civil service or in state-owned companies, many joining the Communist Party.) In far western China, near the Kazakhstan border, descendants of a garrison of Qing soldiers still speak a dialect of Manchu, among the few native speakers left in China.

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There's No Place for Fear When Riding a 100-Foot Wave

Garrett McNamara felt many things as the monster wave approached. Excitement. Awe. Joy. The one thing he did not feel, however, is fear.

That might seem unusual, given that he was about to ride what is believed to have been a 100-foot wave on Monday. But there was no place in his heart, or mind, for such things. He was focused utterly on the moment.

“If you have fear then it means you are not living in the moment,” McNamara told Wired by e-mail from Nazaré, Portugal. “You are either stuck in the past or worrying about the future. It is important to not think and just do! Follow your heart and fear does not exist.”

The folks at Guinness still have to confirm the height of the wave, but McNamara is believed to have set a new record for the biggest wave ever ridden by a surfer. He holds the current record of 78 feet. It takes a lot of time and preparation for such a feat, and McNamara didn’t just roll up to the beach and paddle out to the perfect wave. He monitored the storm for about a week before even flying to Portugal from Hawaii. He’s been surfing the Nazaré area since 2010 and has never seen predictions like he saw for Monday. So he called his friends Kealii Mamala and Kamaki Worthington to keep an eye on him for safety’s sake and catch some waves of their own.

Nazaré is where McNamara set his previous record, eclipsing a benchmark Mike Parson held since riding a 77-foot wave at Cortez Bank in 2001. At the time, McNamara was believed to have ridden a 90-footer, but careful analysis of videos and photos revealed it was 77.7559 feet. We’ll have to wait to know the actual height of Monday’s ride, but calculations won’t take away from this accomplishment.

Nazaré has unique and perfect conditions for big-wave surfing thanks to the Nazaré Canyon, an underwater canyon that is 1,000 feet deep, three miles wide and 105 miles long that funnels Atlantic swells through and creates monster waves.

McNamara’s gave a big shout-out to his friends, fans and support team for helping prepare mentally and emotionally for the ride.

“To ride big waves you have to be ready mentally, physically and spiritually,” McNamara said. “All these waves are just so fun to ride and are normal to me. This one was the longest drop of my life though.”

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Despite previous beating, Rihanna back with Chris Brown

NEW YORK (Reuters) – It’s official: R&B diva Rihanna says she is back together with Chris Brown, who is still on probation for assaulting her in 2009, saying “It’s different now.”

“I decided it was more important for me to be happy,” Rihanna told Rolling Stone magazine in an interview published on Wednesday on its website.

“I wasn’t going to let anybody’s opinion get in the way of that. Even if it’s a mistake, it’s my mistake,” she said of her renewed romance with singer Brown, 23, that has prompted consternation from fans and celebrity media because of their history.

“After being tormented for so many years, being angry and dark, I’d rather just live my truth and take the backlash,” said Rihanna, 24, adding, “I can handle it.”

The couple’s reconciliation had been rumored for months, even before the pair unveiled a duet, “Nobody’s Business,” in November. That track was included on Rihanna’s latest album “Unapologetic.”

Brown pleaded guilty in 2009 to beating and punching Rihanna. He was sentenced to community service, anger management classes, given a restraining order and is still on probation.

The Barbadian singer told Oprah Winfrey in an emotional interview in August that she and Brown now had a “very close friendship,” and that she still loved him.

“When you add up the pieces from the outside, it’s not the cutest puzzle in the world,” Rihanna admitted to Rolling Stone, which hits newsstands this week with her gracing the cover above the headline, “Rihanna Crazy In Love.”

“You see us walking somewhere … and you think you know. But it’s different now. We don’t have those types of arguments anymore. We talk,” she said. “We value each other.”

But she noted that Brown is on probation with her as well, saying, “He doesn’t have the luxury of (messing) up again.”

“That’s just not an option … And I wouldn’t have gone this far if I ever thought that was a possibility.”

The interview was published three days after Brown’s latest dustup, which involved fellow musician Frank Ocean, over a parking space at a West Hollywood recording studio. Ocean has said he wants Brown prosecuted following the Sunday brawl.

In 2012 Rihanna was rated by Time and Forbes magazines as among the world’s and celebrity arena’s most powerful people.

(Reporting by Chris Michaud; Editing by Jill Serjeant and Philip Barbara)

Celebrity News Headlines – Yahoo! News

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Illness Walks the Runway

A top fashion designer quarantines a sneezing underling, forcing her to work in a closet. An industry P.R. executive makes colleagues douse their hands with Purell. Germ-phobic magazine editors are powerblasting offices with antiseptic wipes and Lysol.

Such is the dread gripping the fashion world as it prepares for New York Fashion Week, beginning Feb. 7, with a killer flu and a stomach-bug norovirus on the loose.

The eight-day event, when fashionistas from around the world pack into small spaces to attend runway shows and parties — only to cram onto the same flights and repeat the process in London, Milan and Paris — is always an occasion for sickness paranoia. In past years, sniffles in the front row could prompt icy stares and social ostracism.

But with this season’s flu panic, the fear is approaching hysteria. Stressed-out designers recoil in horror if someone coughs within earshot. Frail models shiver their way between fittings, terrified someone will spy their runny noses. And frenemies everywhere are reconsidering the wisdom of the double-cheek kiss, the standard greeting of the global fashion tribe. Air kissing seems safe for now.

“This will be the season where everyone in fashion becomes mysteriously nonaffectionate,” said Laura Brown, executive editor of Harper’s Bazaar. Staff members in her West 57th Street offices, she added, have been scouring doorknobs with sanitizing wipes. “We can give a nudge and a wink instead.”

To be fair, much of the paranoia is founded. According to the Centers for Disease Control and Prevention, deaths from the current flu season reached “epidemic” levels, in part because of an unusually severe flu strain. Adding to the flulike epidemic is a surging new strain of norovirus, which can cause sudden diarrhea and projectile vomiting, and the worst whooping cough outbreak in 60 years.

And while there is some evidence that the flu season has peaked almost everywhere in the country, except for the West Coast, flu activity continued to be high in New York through the week ending Jan. 19, as tracked by the C.D.C., and on the rise in parts of Europe including Italy. (Milan hosts a fashion week starting Feb. 20.)

Norovirus also seems to be surging abroad; it has reached epidemic levels in France, according to the latest report from the country’s doctor network Réseau Sentinelles, with more than one million French people visiting doctors for it in the past five weeks.

Yet even as flu season appears to be ebbing in New York, it remains a worry inside the fashion bubble. With sleep-deprived colleagues huddled in close quarters day and night, things can go viral quickly, especially in the petri dish that is Fashion Week.

“Fashion people are at risk for a variety of viral syndromes because they work long hours and they move in a pack,” said Dr. Robert Glatter, known in fashion circles for making house (or studio) calls.

Dr. Barry Cohen, whose primary-care office on Spring Street faces Marc Jacobs’s studios, says he has been bombarded with rheumy-eyed industry divas begging for quick fixes. “Fashion people touch each other all day, so they get exposed over and over,” he said.

And when the pack is moving fast and furious, it can’t slow down for the weak. “Fashion Week season is a nonstop assault on the immune system,” said Derek Blasberg, an editor at large for Harper’s Bazaar. “Early shows, late dinners, crammed into tents and airplanes: you don’t want to sit next to anyone coughing, because if you get sick, you’re screwed.”

The viral assault does not end with New York. “By the time we finish the New York shows, we’re already a wreck, because New York simply has too many shows,” said Mickey Boardman, editorial director of Paper magazine. “Then you get on a plane and hit the ground running in London, where there’s always fun parties. You’re eating French fries for dinner and drinking Cokes from your minibar, and your sleep patterns are messed up.”

“You’re putting your life at risk,” he added.

WHILE KEEPING THE WORLD trendy has its hazards, fashionistas have developed stylish tactics to avoid getting the bug. Many have dutifully gotten their flu shots. (It’s not too late, though it takes about two weeks to build up immunity — just in time for London Fashion Week.)

Others follow variations of what could be called the standard fashion-world starvation diet, whether it’s drinking large quantities of SmartWater fortified with packets of the vitamin supplement Emergen-C, or force-feeding themselves nothing but raw greens, like koalas munching eucalyptus leaves. Dr. Glatter says he has even treated some fashion people for diarrhea from eating too much kale.

Then there are the juicers. The designer Cynthia Rowley swears by Juice Press, the three-year-old Manhattan chain popular with fashion insiders for its 17-ounce $10 bottles of cold-pressed fruits and vegetables. “I’m addicted,” said Ms. Rowley, who added that she chugged the stuff with staff members when they were not taking spin classes en masse at SoulCycle.

“Nobody’s sick at my office,” she bragged dangerously. “We work in one room, so if one person drops, they take down the whole team.”

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