CrimeWatch: Two email scams you shouldn’t fall for

This week I am going to share with you some scam emails that are going around. People are falling for them, but many could have been avoided with some common sense. If you get an email like the one below, please call the person before sending cash, which many have done and have lost their money.

Caught out of the country

Omg!! I’m writing this with tears in my eyes, my family and I came down here to Perth, Scotland, in United Kingdom for a short vacation unfortunately we were mugged at the park of the hotel where we stayed, all cash, credit card and cell were stolen off us but luckily for us we still have our passports with us. We’ve been to the embassy and the police here but they’re not helping issues at all and our flight leaves in less than 19 hours from now, but we’re having problems settling the hotel bills and the hotel manager won’t let us leave until we settle the bills, I’m freaked out at the moment.

Sandy scams

Dear Friend, in light of what happened in the Northeast, here is a great opportunity for you to help and make some money. FEMA needs clean-up crews for South Jersey. It’s $1,000 for seven days, hotel and food included. Call this number... [The fraudster’s number would be here.] We will contact you as soon as possible. Thank you for applying.

The latter is a scam that is truly deplorable, but due to the kind hearts of many, they have fallen for it and have given their social security number, date of birth and other information that probably will be used in identity theft. Here the first thing one should have done is gone to the FEMA sight to see if it’s true.

The above scams were emailed to me from several readers, so please be careful, and as I always say, learn to use the “delete” key because if it involves money you have to dish out, it’s a scam.

Assault weapons

Now on to a subject that we should all be adamant about, and that is the murders that have been caused by assault weapons this past year.

On Sept. 13, 2004, the federal assault weapons ban expired. This ban was put in place in 1994, and outlawed 19 types of military-style assault weapons. A clause directed that the ban expire unless Congress specifically reauthorized it, and our congressional leaders did not. Shame on them! These are the consequences we are now seeing across the country. As stated by many in the law-enforcement community, these weapons are nothing more than “cop-killer guns”.

I always tell you that we need to get involved, we need to be part of our community, and we must demand that our community be a safe place to live. Therefore I ask you to please contact your representatives in Congress and ask them to support this ban. I truly believe that the killing of 20 little children should be sufficient for our congressional leaders to take the appropriate action. If you don’t know who your House member is, go to www.house.gov/representatives/find and you can find your representative.

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Monti, in Twitter Q&A, says new voting law priority for Italy

ROME (Reuters) – Outgoing Italian Prime Minister Mario Monti said on Saturday if he wins February’s parliamentary election one of his first acts would be to overhaul the voting law to improve democracy and government stability.

Monti, 69, who last week confirmed he would lead a centrist coalition in the February 24-25 vote, called himself a “bit of a pioneer” in politics during nearly 2 hours of #MontiLive tweets.

The electoral law is unpopular because party leaders select candidates and voters cannot choose their representatives. For technical reasons, it also makes forming a stable majority more difficult, leading to broad and unwieldy coalitions.

“This electoral law is not worthy of a country like Italy,” said Monti of the 2005 legislation passed when centre-right rival Silvio Berlusconi was in power.

Monti and Berlusconi trail the centre-left in opinion polls and have made multiple appearances, mainly on TV, over the past week as they seek to recoup support and motivate voters who have said they do not intend to vote.

A poll by the Tecne research institute released on SkyTG24 on Friday showed Monti’s grouping would likely attract slightly more than 12 percent of the vote.

That compared with 40 percent for the centre-left bloc led by Pier Luigi Bersani’s Democratic Party (PD); and 25 percent for the most likely centre-right coalition of Berlusconi’s People of Freedom (PDL) and the Northern League.

In a separate tweet, Monti indicated he would “dialogue” with anyone after the vote whether he wins or not, as long as they are “reformists”.

BERLUSCONI BROADSIDE

Speaking at the same time in a live interview on the website of Corriere della Sera newspaper, Berlusconi said he would never again ally himself with Monti even though he offered him the leadership of the centre-right just a few weeks ago.

“All Italian citizens, in one way or another, are suffering” as a result of Monti’s 13 months in power, said Berlusconi, who says austerity has led the country into a recessionary spiral.

Monti took over in November 2011 when Italy was scrambling to avert a financial crisis and after Berlusconi, besieged by a sex scandal involving an underage prostitute, stepped down.

Berlusconi repeated on Saturday that his resignation was the result of an international plot to oust him and denied having made mistakes during his more than nine years in power.

“My only error is that I have not been able to explain what I have done for the country,” Berlusconi said.

“By now (Monti’s) image has become that of a person with whom I could not possibly collaborate,” Berlusconi said, calling the prime minister’s new alliance with two of Berlusconi’s former allies a “triple disaster”.

Berlusconi said a renewed accord with the Northern League may be finalized on Sunday. The Northern League has said the 76-year-old billionaire must not be the bloc’s prime ministerial candidate for a sixth time.

“Monti is an enemy of the north, and stopping him from returning to government is a categorical priority for us. Who is against Monti is an ally of the League,” Northern League leader Roberto Maroni tweeted on Saturday.

(Editing by Janet Lawrence)

Internet News Headlines – Yahoo! News

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Cher Signs Development Deal with Logo

Logo just announced at The Television Critics Association in Pasadena, CA that the network has signed a development deal with the ultimate gay icon, Cher.

AUDIO - Listen to Cher's New Song

The show, which is in its earliest stages of development, would mark Cher's first regular TV gig since The Sonny and Cher Show ended in 1977.

While this could change before the show hits the air (if it actually does), Cher's Logo show is set to revolve around Hollywood in the 1960s. It's unknown what Cher's on-screen participation will be like at this time. 

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That’s hypocritic-Al

Michael Goodwin

As Oscar Wilde said, “The only way to get rid of temptation is to yield to it.” In that spirit, I give up resisting the urge to shout “HYPOCRITE.”

Not once, but a thousand times.

Start with Al Gore, the low-hanging fruit in the “say one thing, do another” culture. With his sale of Current TV to Al Jazeera, the almost-president instantly doubled his charlatan quotient.

The blowhard who often proclaims the end of the world is nigh because of fossil fuels sold his TV business to the emir of Qatar, king of the oil patch. But Gore’s scheming didn’t stop there. He also reportedly wanted to finalize the deal before the end of the year so his $100 million windfall wouldn’t be subject to new higher tax rates he zealously supported.

He’s not alone in urging tax hikes he tried to avoid. From the Washington Post to Costco to Warren Buffett to Hollywood, the woods are full of devotees to that Sage of Selfishness, Leona Helmsley. The Queen of Mean insisted that “We don’t pay taxes. Only the little people pay taxes,” just before she was marched off to prison for tax evasion.

Her acolytes are hypocrites, but not felonious. President Obama’s Tinseltown pals got lucrative tax breaks and, after declaring themselves eager to pay their fair share, the Post and Costco pushed 2013 dividends into 2012 so higher taxes this year wouldn’t hit their wallets. Sharpies for sure, especially Buffett, who is on the Post board and is a big stockholder. He made himself the poster boy for soaking the rich, though “Taxes for thee, but not for me” is his real creed.

There’s no telling how many wealthy Obama supporters helped fuel the surge of apartment sales in deep-blue Manhattan, but brokers say the coming hikes played a role. With capital-gains taxes going from 15 percent to 23.8 percent, including an ObamaCare hit, sellers took the money and ran. A friend tells of a rich liberal who did exactly that — sold before the ball dropped and moved to Connecticut to avoid New York City and state taxes as well.

Liberals, of course, don’t have a monopoly on failing to practice what they preach. Republican Gov. Chris Christie is famous for insisting that New Jersey live within its means, and good for him for showing it can be done. But when he gets to the federal trough, he eats with both hands.

Christie, along with Long Island Republican Congressman Pete King, leveled savage attacks on House Speaker John Boehner. Boehner’s “crime” was not instantly approving every penny of the $60 billion of aid New York, New Jersey and Connecticut demanded after Hurricane Sandy.

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Billionaire Phillip Frost an ‘entrepreneur’s entrepreneur’

For that blind first date, a half-century ago, the young doctor, Phillip Frost, showed up at Patricia Orr’s family house in suburban New York, with an unusual gift: a miniature mushroom garden.

In the 50 years since, Frost, the son of a shoe store owner, has gone on to amass a fortune of $2.4 billion, according to Forbes magazine, becoming the 188th wealthiest man in the United States by developing and selling pharmaceutical companies. Along the way, he and Patricia have become major philanthropists in Miami-Dade County and they’ve signed a pledge to give away at least $1 billion more.

“He’s a relentless guy,” says Miami banker Bill Allen, who’s know him for more than 40 years. “He’s not afraid to take risks. ... He knows the intimate details of the chemistry of products, and he’s the kind of guy who can examine 50 deals while eating a sandwich.”

CNBC’s Jim Cramer recently praised Frost’s “incredible track record” for developing companies, calling Frost’s latest endeavor, OPKO Health, a “very risky” investment while noting it could offer huge gains under Obamacare.

But back in 1962, Patricia’s first impression was that Phil Frost was a bit of a nerd, finishing his medical internship with a strong interest in research — including mushrooms. She figured an academic career loomed.

“My mother was very impressed,” recalls Patricia, not so much by the M.D. behind Frost’s name but by the gift, something more serious than the usual flowers or candy. Serious was fine with Patricia, who was living at home while working toward a master’s degree in education at Columbia University. For their first date, they listened to a classical music concert.

Frost’s rise to riches may seem highly distinctive, but in an odd coincidence he has much in common with another prominent Miamian. Frost, 76, and car dealer Norman Braman, 80, both frequently appear on the Forbes list of wealthiest Americans. Both grew up in Philadelphia — Frost the son of a man who sold shoes, Braman son of a barber. Both are Jewish, well-known art collectors and philanthropists.

“He’s an entrepreneur’s entrepreneur,” says Braman. “We have a lot in common, coming from very poor families. But he went to Central High (a public school for exceptional students) and I was not qualified to go there.”

There are other differences. While Braman is voluble and highly visible in the causes he supports, Frost tends to be a reticent, almost shy speaker, given to careful pauses.

‘Lucky chances’

Told that a former colleague had called Frost “lucky,” Frost thought for a long moment. He could have cited many national business stories about his business acumen. Instead, he responded crisply: “I’ll be satisfied with lucky. I benefited from chance meetings.”

Frost spent his first years living above the shoe shop within an Italian market in South Philly. His two brothers were 15 and 16 years older. “I was an afterthought.”

The family was religiously observant, and Frost recalls his father singing him songs in Yiddish when he was small. He lived at home while attending the University of Pennsylvania, except for a year abroad in France. He took many science courses, but his major was French literature.

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In Miami’s Wynwood district, the party has overtaken the art

First there was the woman who sat down in the middle of the gallery and spilled her drink on the floor. Then there was another woman who snuck into the gallery’s parking garage, her pants halfway pulled down, desperately looking for a bathroom.

But what made Pan American Art Projects Director Janda Wetherington decide to stop participating in Wynwood’s Second Saturday Art Walks was when someone spilled wine onto a $15,000 painting, then bailed before anyone noticed.

“By that point, we had already stopped offering wine or water to people who came into the gallery, and we even had someone guarding the door to make sure no one brought any food or drink inside,” Wetherington said. But even that tactic failed. “That’s when we started opening earlier in the afternoon on Second Saturdays and close by 8 p.m. at the latest.”

The monthly art walks, which are held the second Saturday of each month, draw thousands of young people and usually wind up as boisterous block parties. On Tuesday, ARTtuesdays/MIAMI will present a panel discussion titled “What’s Next for the Wynwood Art Galleries?” at Books & Books in Coral Gables to explore whether the neighborhood’s increasingly bustling nightlife, combined with the large number of empty warehouse spaces and a lack of a geographical center, may have a negative impact on the galleries.

“Wynwood now has an international profile,” says Helen Kohen, the art historian and critic who will moderate the panel. “It’s been written about a lot. All the people who come to Art Basel have been to Wynwood for various reasons. So here Miami finally has developed a viable arts center, and it seems to be imploding.”

Wedged between 20th and 36th streets, just east of I-95, Wynwood’s Art District is currently home to more than 70 museums, galleries and collections. One of the neighborhood’s most popular attractions are the Wynwood Walls, giant murals that line the streets painted by renowned graffiti artists. There is even a movie theater, O Cinema, that specializes in art film fare.

But the neighborhood is also dotted by vacant warehouses, industrial businesses and eyesore buildings that get in the way of the intended art village vibe.

Fredric Snitzer, one of the few Miami gallerists invited to exhibit at Art Basel Miami Beach, says he doesn’t even bother to open on Second Saturdays any more. He is also pessimistic about the future of Wynwood as a thriving art district, even though he was one of the area’s pioneers (his gallery opened in 1977).

“I don’t know what is going to happen here,” he says. “One of the initial aspirations I had for the neighborhood is that there were so many beautiful kinds of raw spaces that perhaps serious galleries from out-of-town would come in and there would be a Chelsea or SoHo feel — a cluster of galleries showing solid work.

“But there are too many buildings spread out over too large of an area. The neighborhood is sprawling and it still has quite a bit of a crime problem. If it was smaller, the city could control it. But now, there’s a gallery over here and a restaurant a mile away over there. I don’t have the aspirations I used to have about the neighborhood any more.’’

Susan P. Kelley, director of the Kelley Roy Gallery, says that because her gallery is not located on NW Second Avenue — ground zero for the Second Saturday parties — she has been spared a lot of the chaos.

“We don’t get the herds; we get to cultivate our audience to come to us,” she says. “But the tide has shifted dramatically. We used to serve wine, and we stopped that two years ago because kids would come in, pick up the glasses of wine and leave. One of the purposes of a gallery is to provide entertainment to people. Not everyone is a buyer. But you still want them to come to enjoy the art and learn and have their minds expanded. Just not to the point where it isn’t respected.’’

Kelley says that “very little” art is sold on Second Saturdays, and points out that an increasing number of art dealers are holding their openings via invitation on Thursday or Friday nights instead.

But other gallery owners say Second Saturdays are an effective way to entice younger people to pay attention to art.

“People in the art world are constantly complaining that contemporary art doesn’t have a modern audience, and this is one way to fix that,” says Nina Johnson-Milweski, director of Gallery Diet. On Second Saturdays, she extends opening hours to 9 p.m. from her usual 5 p.m. closing time.

“Part of my interest in running a gallery isn’t just for the business: It’s also for the cultural benefit of the city as a whole. A lot of people who live in Miami aren’t even aware of the art scene here.”

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New Jersey man accused of trying to hire “cannibal cop” to kidnap woman

NEW YORK (Reuters) – A New Jersey man offered to pay $ 5,000 to the so-called “cannibal cop” to kidnap a woman and deliver her to be raped, U.S. officials alleged on Friday.

Federal authorities arrested Michael Vanhise, 23, and charged him with conspiracy to commit kidnapping with Gilberto Valle III, a New York police officer who was arrested in October and charged with conspiring to kidnap, torture, cook and eat women.

In a series of emails last year, Vanhise tried to bargain down the kidnapping fee and urged the police officer to “just make sure she doesn’t die before I get her,” according to a criminal complaint unsealed Friday.

“No need to worry,” Valle replied in an email, prosecutors allege. “She will be alive. It’s a short drive to you.”

Vanhise admitted to investigators he sent the emails, prosecutors said.

Valle, nicknamed the “cannibal cop” by New York media, was accused of targeting women whose names were discovered in a file on his computer.

In November, Valle pleaded not guilty and said he was merely engaged in online fantasy role play.

Vanhise was charged with one count of conspiracy to commit kidnapping. He was expected to appear in court Friday afternoon. His attorney, Alice Fontier, did not immediately return a call for comment.

The emails between the two men “read like a script from a bad horror film,” Manhattan federal prosecutor Preet Bharara said Friday in a statement.

Vanhise was also accused of emailing photos and the home address of a girl from his Hamilton, New Jersey neighborhood to two unnamed people, according to a criminal complaint, which said Vanhise solicited the girl’s kidnapping.

Prosecutors said Vanhise tried to bargain down the price for the kidnapping to $ 4,000.

“Could we do 4?” Vanhise asked Valle in an email last February, according to the complaint.

“I am putting my neck on the line here … $ 5,000 and you need to make sure that she is not found,” Valle responded. “She will definitely make news.”

Valle’s estranged wife tipped off authorities after she discovered a disturbing file on his computer, a law enforcement official said at the time.

The file, called “Abducting and Cooking: A Blueprint,” contained the names and pictures of at least 100 women, and the addresses and physical descriptions of some of them, according to court documents.

Authorities charged last fall that Valle had undertaken surveillance of some of the women at their places of employment and their homes.

Valle was denied bail by a judge who called the charges “profoundly disturbing.”

Both men face a maximum sentence of life in prison if convicted. The case has disturbed even veteran criminal investigators.

“No effort to characterize the defendant’s actions is necessary,” said FBI Assistant Director-in-Charge George Venizelos in a statement. “The factual allegations more than suffice to convey the depravity of the offense.”

(Reporting by Chris Francescani; Editing by Daniel Trotta and Alden Bentley)

Internet News Headlines – Yahoo! News

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Rare Photo Of Teenage Princess Diana

A never-before-seen photograph featuring the late Princess Diana has been made public in the weeks before the rare pic is set to go up for auction.

The black-and-white snapshot displaying a "not to be published" marking shows a teenage Diana lounging next to an until-now mystery pal, reportedly dating back to 1981.

Pics: Remembering Diana 15 Years After Her Death

"The young man was Adam Russell, the great-grandson of former prime minister Stanley Baldwin," Andrew Morton, Diana's biographer, revealed to the U.K.'s Guardian. Through his investigation, the writer discovered the context of the photograph was not intimate, as it appears at first glance. Apparently the twosome had been injured while skiing and simply kept each other company for the afternoon.

Now that's not to say the young man didn't escape Diana's charms.

Related: Naomi Watts Talks Princess Diana Movie - Exclusive

"Adam was somewhat smitten," adds Morton. "But absolutely nothing happened."

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Oscars in ‘Bond’age

LOS ANGELES — This year’s Academy Awards will feature a celebration of Bond, James Bond.

Producers Craig Zadan and Neil Meron announced yesterday that the show will pay tribute to the 50th anniversary of the James Bond franchise, which they describe as “a beloved global phenomenon.”

The most recent Bond film, “Skyfall,” was released in November and has made more than $1 billion.

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Needle reaches the inner groove for Spec’s

In the end, even the almighty Adele and Taylor Swift could not hold back the inevitable.

Spec’s, one of the last great record stores, will close its flagship location in Coral Gables on U.S.1, thus joining once-favored chains like Virgin, Tower and Peaches, locally and abroad, that have withered from Internet shopping.

With the closing, sometime in January after the merchandise is liquidated, 64 years of history becomes memory for countless people who discovered a love of music in the home Martin “Mike” Spector built in 1948 when U.S.1 was but a two-lane road.

The original store, which sold cameras alongside 78-rpm records, was a few blocks south on the highway in South Miami and is now an Einstein’s bagel spot. The present location, opened in 1953 in Coral Gables, lived through the bobby sox era, Beatlemania, disco, punk, hip hop/rap, grunge, electronic dance music and all the format changes including 12-inch vinyl, 45-rpm, reel to reel, 8-track, cassette, compact disc and mp3.

After the first music industry recession in the late 1970s, Spec’s still managed to double in size by breaking through the walls of two restaurants in 1980 on its north side. The original room on the south side of the building would house, first, Spec’s’ VHS movie rentals and sales — Saturday Night at Spec’s! — and, later, one of the most expansive collections of classical music in town.

“It’s the soundtrack of our lives,” said store manager Lennie Rohrbacher, who spent 23 years of his life working at Spec’s, from Clearwater to Coral Gables

Music sales

At its peak, the Spec’s chain grew to some 80 stores in Florida and Puerto Rico. In 1993, annual sales exceeded $70 million. Spec’s went public in 1985 and, in 1998, the Spectors sold to Camelot Music Group, which was acquired by Trans World Entertainment Corp.

Trans World, which did not return several telephone messages, shrewdly kept the Spec’s name attached to the flagship store as goodwill even though, technically, it operated under the company’s retail subsidiary, F.Y.E. (For Your Entertainment).

But those are the cold, hard business facts.

Spec’s was “not like another Eckerd’s,” a drug store chain that also slipped into oblivion amid changing times, said Rohrbacher. “This was part of the community, part of my life. It’s not another store going under.”

Indeed, Spec’s was, first and foremost, a community gathering spot to share a love of music. In the ‘70s and ‘80s Spec’s resembled a makeshift camp site where people would sleep overnight in the parking lot to get the best shot at concert tickets in a pre-Internet world. Spec’s, a hop-skip from the University of Miami’s music school, served as its own music education outlet thanks to a knowledgeable sales staff.

Music education

“The proximity to the UM is prime real estate. Not to have it there will really be different. Even if they didn’t have what I was looking for, the staff was knowledgeable and you were sort of tapping into this knowledge base of people who could turn you on to new music. That’s what I’ll miss about it and the community around the store,” said Margot Winick, an employee at the Coral Gables Spec’s in the mid-1980s when she was a freshman at the UM.

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Requests for gun permits spikes in Florida

Nearly 800,000 people requested background checks so they could buy guns in Florida in 2012 — far more than in any recent year.

Statistics from the Florida Department of Law Enforcement show 797,970 background checks were requested last year — nearly 200,000 more than were requested in 2011 and more than double the number for 2004, the earliest year for which statistics were provided.

The numbers were already higher than usual in the first 10 months of 2012, but surged after President Barack Obama won re-election in November and skyrocketed in the days after the Dec. 14 mass shooting in Newtown, Conn., that killed 20 children and six adults.

The dramatic spike is likely fueled by fear that greater gun control laws may be passed after the Connecticut shooting.

“I don’t think it has anything to do with the national tragedy. It’s not the direct cause,” said Marion Hammer, the chief lobbyist for the National Rifle Association in Florida. “The direct cause is when politicians call for gun bans, that creates fear.”

In December alone, there were 131,103 background checks requested through the FDLE — the highest number the agency has recorded in any single month. That beat the previous record, set only a month earlier, when 84,745 background check requests were submitted in the same month that Obama was re-elected.

“The White House has made it clear that they’re going to push for gun bans,” Hammer said. “As long as people have money and guns are available, I would imagine people are going to keep buying.”

Whatever the exact cause, the most recent presidential election years do seem to have stoked fears of new restrictions on gun purchases.

FDLE numbers show that the number of gun background checks spiked significantly in November and December of 2008 as well, with nearly 64,000 requests during each of those months.

In 2007, the numbers were far less — 36,948 in November and 48,416 in December.

But the most recent numbers appear to show gun sales at an all-time high.

“The NRA is hard at work frightening people that Obama is going to take their guns,” said Art C. Hayhoe, executive director of the Florida Coalition to Stop Gun Violence. “Why would you think these guns won’t ultimately be a problem? If you’re going to have a place saturated with guns, why would anybody be surprised if there’s more gun violence?”

Pinellas County Sheriff Bob Gualtieri said he doesn’t believe the increased sales are necessarily a cause for concern.

“I don’t know of any incidents that have taken place because of law-abiding citizens and responsible gun owners that have created a problem for us,” Gualtieri said.

The sheriff noted that most of the firearm-related crimes his agency deals with have to do with felons who have guns or guns that have been obtained illegally. Most gun owners are responsible with their weapons and purchase them through legal means, he said.

What would be of concern, the sheriff said, is if the surge in gun purchases is for assault rifles, and weapons bearing more power than what one might require for sporting or personal security. Some gun sellers have reported an uptick in sales of such high-powered weapons after the Connecticut shooting, but whether those sales are widespread is unclear.

“I think there is room for a good, solid discussion about what measures are appropriate and what policies we should set,” Gualtieri said. “This is a tough issue, and it’s an important issue.”

Dan Sullivan can be reached at dsullivan@tampabay.com or 727-893-8321.

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Facebook updates Messenger app to support voice messages

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Diane Keaton Fashion Through The Years

From Annie Hall to Morning Glory, Diane Keaton has fascinated fans for decades with her quirky, wonderful characters. Off screen, the 66-year-old legend elicits her charms with a revolutionary style all her own. 

Pics: Worn Out? Stars Step Out in Same Style

Join us as we look back at Diane's best and most iconic looks over the years!

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Statement by NYPD Commissioner Ray Kelly

At 7:32 p.m., a lieutenant and three police officers assigned to Transit District 34 were in plainclothes on patrol in two separate cars of a Manhattan-bound ‘N’ train here in Brooklyn. Officers Michael Levay and Lukasz Kozicki observed an individual moving from the second car to the third in violation of transit regulations.

As the train approached the Fort Hamilton Parkway station at 62nd Street, the subject sat down toward the front of the third car. The officers approached, and asked him for identification with the intention of removing him from the train as it came to a stop. The male stood up as if to comply with the officers, and appeared to reach for his wallet.

Paul Martinka

NYPD Commissioner Ray Kelly responds after three officers were injured Thursday.

Instead, he pulled a 9-millimeter Taurus handgun from his waistband and opened fire. Officer Kozicki, 32, was struck three times; once in each of his upper thighs and once in the groin.

A witness said that the gunman appeared to notice the officer’s bullet-resistant vest, and, as a result, aimed low before he fired.

Although shot in the lower back protected by his vest, Officer Levay, 27, returned fire, striking his assailant, killing him.

A passenger on the same car sustained a graze wound to the leg during the gun fight.

Fortunately no one else was injured, as passengers ran onto the platform when the gunfire erupted.

An hour earlier in the Bronx, as the Mayor said, at 6:30 p.m., Police Officer Juan Pichardo was working off-duty at his family’s car dealership when two men, one of them armed with a Bryco .380 handgun, entered the location. Two accomplices waited outside in a getaway car.

After the two feigned interest in buying a red Altima that was parked near the dealership office, one of them produced the gun and forced Officer Pichardo and a second dealership employee on to the floor in the small back office. They began to ransack the office, looking for cash and the safe, all the while brandishing the weapon in Officer Pichardo’s face.

A few minutes after the robbery, Officer Pichardo stood up and grabbed the gunman, who fired, striking the officer in the right thigh. Despite being wounded, Officer Pichardo and the other employee wrestled the gunman to the ground and disarmed him. The gunman’s accomplice fled with the two others in the getaway car, a white Impala with Oregon license plates.

Officer Pichardo held the gunman for responding officers, who recognized the gunman as a member of a Bronx robbery crew who they had been looking for. A short distance away, at 183rd Street and Katonah Avenue, police stopped the getaway car and its three occupants, placing them under arrest.

As both of these incidents illustrate, the historic crime reductions that New Yorkers enjoy come at a price. As the Mayor said, a dozen police officers were shot last year. And now three more, in the first three days of the new year. So thank God, that the doctors at Lutheran and Jacobi did their usual work, and all of these officers will recover.

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The return of the cranes: Miami-Dade construction projects on the horizon in 2013

The cranes are coming back to Miami.

The battered construction industry is going higher in the new year after showing strong signs of life in 2012. Will Miami feel more like Manhattan in a few years? It just might.

So far, there has been more talk than action, fewer shovels in the ground than grand announcements. Even so, construction is underway on a dozen new condominiums in Miami-Dade County — something that seemed beyond the realm of possibility not so long ago.

Commercial building is picking up, too, particularly in Miami’s hot new urban core.

The construction sector, which posted 62 consecutive months of job losses in Miami-Dade as of November 2012, is expected to finally begin adding jobs in 2013.

By far the centerpiece project to date is Brickell CityCentre, a $1.05 billion shopping and mixed-use project that broke ground in June 2012 and will span three blocks just west of Brickell Avenue to the south of the Miami River.

The 5-million-square-foot mega-project by developer Swire Properties will include a department store, luxury shops, restaurants, a hotel, office towers and condominiums. It is expected to be connected with bridges and covered walkways and to cement downtown Miami’s emerging image as a trendy place to work, live and play.

In Brickell alone, three new condominium projects already are under construction: Jorge Perez’s Related Group is building Millecento, a 42-story tower with 382 units, and MyBrickell, a smaller project with 28 stories and 192 units shoehorned onto a 0.4-acre site. Newgard Development Group is building BrickellHouse, a 46-story, 374-unit project.

More building, much more, is coming.

“We’re going to see a lot of cranes popping up in the first and second quarter, and a year from now, we’re going to see cranes all over the skyline,” said Tom Murphy Jr., chairman and CEO of Coastal Construction, a large Miami builder that is involved in various projects, from hotels to condominiums. “I believe we as a community — South Florida, especially Miami — will build more in the next 10 years than we did in the last 15.”

Among a long roster of projects, Coastal was tapped by developer DACRA for a major renovation project in the Design District, which in 2012 marked the arrival of luxury fashion retailers such as Cartier, Hermes, Louis Vuitton, Celine, Christian Dior and Prada, adding a new dimension to an area already known for home furnishings and restaurants.

DACRA president and CEO Craig Robins has a broader plan to bring in 40 to 50 luxury brands to the Design District by 2014. The area will have a pedestrian promenade, rooftop gardens and public plazas, in keeping with Miami’s emerging urban scene.

The focus on commercial development in Miami’s urban core, is all about providing more services to cater to the new residents who want everything within walking distance.

Spanish developer Espacio USA will break ground in 2013 on the first phase of a $412 million mixed-use project at 1400 Biscayne Boulevard. Starting with one 103,000-square foot office tower, the project will eventually include retail shops and residential units.

“It’s becoming much more of a New York lifestyle, and we’ll continue to see that,” said Ron Shuffield, president of Esslinger-Wooten-Maxwell Realtors in Coral Gables.

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New Year is a good time to count your blessings

The new year is a great time to look back and consider how blessed you are. I try to do that every day, but often in my life I am overwhelmed at the enormous blessings the Lord has bestowed on me.

No, I didn’t get a great big financial windfall last year. And I walk with a cane, because of painful arthritis in one of my knees. Still, I am blessed. I can still walk.

A few years ago, I was told by two doctors that I was going blind. But today, I can see without eyeglasses. So, every time I pass a patch of flowering weeds along the road, I say a silent "Thank you," to the Lord for allowing me to see His beautiful handiwork. I even get excited when I see my mango tree heavy with new blossoms, signifying a bumper crop (hopefully) of mangoes this season. And when I see a momma bird caring for her young, it brings a smile to my face.

Yes, I have a lot to be thankful for as I go into this new year. And so do you. This is even more evident in a letter I received a few months ago from local gospel recording artist Pat Jackson. She briefly told her touching story of survival and blessings and wanted to know if I wanted to interview her. I did, and still do. However, Jackson’s email doesn’t seem to work and the number she enclosed in her letter was missing one digit.

Jackson said she is a survivor of thyroid cancer. Her story is so touching for this and any time of the year, that I will share with you what she shared with me in her letter.

Jackson, 50, has been plagued with serious health issues nearly all her life, that included multiple cysts, benign tumors, diverticulitis, ruptured intestines, four major surgeries, during one of which she nearly bled to death, survived six car accidents and a stray bullet that came through her sister’s home.

She never knew her biological mother or father and spent her entire childhood as a foster child. "I was very fortunate and was able to live in the same [foster] home until I became an adult," she said.

"But," she added, "Today, I am cancer-free, even though doctors doubted that I would ever be able to speak or sing again. To God be the glory, for allowing me life and a second chance," she wrote. She has an album titled, Lord, I’m Still Standing.

What’s your "I am thankful for another year" story? Tell me in a few words and I may use them in a future column.

Email them to me at: bea.hines@gmail.com, or write to me at: Bea L. Hines, c/o The Miami Herald, 2000 NW 150th Ave., Suite 1105, Pembroke Pines, FL 33028.

‘Jews of Asia and Africa’

If you want to be in the class, "Jews of Asia and Africa," to be offered at the Jewish Museum of Florida-FIU, Jan. 9-April 17, you have until Jan. 9, to register.

The class will be taught by FIU research professors Nathan Katz and Tudor Parfitt, and is open to both degree-seeking FIU students and community members interested in taking the class on a auditing basis.

Community members interested in auditing the class may enroll through the Center for the Advancement of Jewish Education at 305-576-4030, ext. 128, or carlaspector@cajemiami.org. The cost is $295. Students seeking credit may enroll in course REL 4312 through FIU.

The 12-week course will look at the Jewish experience beyond Florida, which has been the traditional focus of the museum. The class will also feature guest speakers to include a visiting member of Zimbabwe’s Lemba Jewish community, and will employ different methodologies, from genetic anthropology to participant/observation findings.

For more information, contact Katz at nathan.katz@fiu.edu.

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Apple may have sold up to 4 million iPhones to businesses in Q4

As we’ve mentioned countless times, it’s a good thing that RIM (RIMM) will release BlackBerry 10 soon, because otherwise Apple (AAPL) and Android will continue to wreck its market share among enterprise users. Benzinga reports that Trip Chowdhry, a managing director at Global Equities Research, has put out a research note estimating that Apple sold between 3 million and 4 million iPhones to businesses over the past quarter, some of whom have switched over from BlackBerry.

[More from BGR: ‘iPhone 5S’ to reportedly launch by June with multiple color options and two different display sizes]

“This figure emerges from a combination of new purchase of iPhones and users switching to iPhones from Blackberry,” Chowdhry writes. “After the two-year contract expiration on Apple iPhone[s], [the] majority of the enterprises have replaced their employees’ current phones with the new iPhone 5.”

[More from BGR: Nokia predicted to abandon mobile business, sell assets to Microsoft and Huawei in 2013]

As for reasons why more companies are switching to the iPhone, Chowdhry says that salespeople for key enterprise apps such as Salesforce, Workday and VMware are increasingly “demonstrating their enterprise offering on iPhones, which is also acting as a trigger for enterprises to purchase iPhones for their employees.” Chowdhry also thinks that the advent of mobile device management software has boosted the iPhone’s security capabilities and has made it less risky for companies to adopt.

This article was originally published by BGR

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Celebrity Weight Loss Secrets

Which celebs are triumphing over the battle of the bulge?

Related: Five Celebrity Diet Tips for 2013 Resolutions

From Christina Aguilera to Kirstie Alley, ET breaks down the stars who are staying trim during the holidays.

Also Thursday, Julianne Hough reveals physical and mental abuse as a child. Plus, an exclusive first look at Jennifer Lopez's sexy spread in Bazaar magazine.

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Obama signs cliff deal, $633B defense bill

HONOLULU — President Obama has signed a bill that boosts taxes on the wealthiest Americans, while preserving tax cuts for most American households.

The bill, which averts a looming fiscal cliff that had threatened to plunge the nation back into recession, also extends expiring jobless benefits, prevents cuts in Medicare reimbursements to doctors and delays for two months billions of dollars in across-the-board spending cuts in defense and domestic programs.

The GOP-run House approved the measure by a 257-167 vote late Tuesday, nearly 24 hours after the Democratic-led Senate passed it 89-8.

Obama also signed a $633 billion defense bill for next year that tightens penalties on Iran and bolsters security at diplomatic missions worldwide after the deadly attack in Benghazi, Libya.

Obama had threatened to veto the measure because of a number of concerns, including limits on his authority to transfer terrorist suspects from the US military prison at Guantanamo Bay, Cuba, for one year.

But Obama said that although he continued to oppose certain sections of the bill, "the need to renew critical defense authorities and funding was too great to ignore."

The bill includes cuts in defense spending that the president and congressional Republicans agreed to in August 2011, along with the end of the war in Iraq and the drawdown of American forces in Afghanistan.

Obama, who is vacationing in Hawaii, signed the bills using an autopen, a mechanical device that copies his signature.

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Portion of Macy’s Flagler Street property in downtown Miami sold

A New York firm bought part of the Macy’s building in downtown Miami and is expected to acquire the rest. The next priority is negotiating a new lease to keep Macy’s as a tenant.

In a deal that could have implications for the future of downtown Miami’s anchor retail tenant, a New York real estate investment firm paid $15.55 million to acquire more than half the property that now houses Macy’s Flagler Street store.

The acquisition by Aetna Realty Group includes the 48,000 square feet of land that was leased to R.W. Burdine in 1917. Until the recent sale, the property was owned by 23 heirs of Richard and Harriet Ashby, who signed the initial 99-year lease with Burdine. The lease expires in 2016.

The Ashby family began taking steps to prepare the property at the intersection of Miami Avenue and Flagler Street for sale nearly four years ago, said Lewis R. Cohen, a GrayRobinson lawyer who represented the Ashby family in the transaction that closed on New Year’s Eve.

Over the years, Macy’s and its predecessor, Burdines, grew the site’s downtown presence well beyond the Ashby land, and the current building now extends another 30,000 square feet of land. Aetna has also made a commitment to purchase the remaining portion of the building, that is currently owned by Macy’s, Cohen said. But that deal hasn’t closed yet.

“That deal is a sure thing,” Cohen said. “They could not have closed with us without having an agreement with Macy’s completely nailed down.”

When Macy’s decided not to purchase the Ashby land itself, the owners soughta third-party that could control both pieces. The reason: Improvements made to the store over the years straddled both properties, such as elevators and escalators starting on one parcel and ending on another.

“Between the engineering difficulties of severing the properties and the legal issues involved, it would have been somewhere between extremely expensive and impossible” for different entities to share control, Cohen said.

Aetna was one of three bidders interested in the site, Cohen said. One of the other players was the Barlington Group, a Miami developer that in 2011 signed a deal with Macy’s to sub-lease 20,000 square feet of empty ground-floor space for a mix of restaurants and cafes.

Macy’s spokesman Jim Sluzewski said this transaction doesn’t impact Macy’s current lease. He declined to comment on any other pending transaction regarding the property the retailer owns in downtown Miami.

“It’s business as usual,” said Sluzewski, who also would not discuss Macy’s long-term plans for downtown Miami beyond the expiration of its lease. The company’s roots in downtown Miami date to 1898, when the first Burdines opened in a nearby downtown location.

Aetna and its local attorneys did not respond to calls Wednesday for comments.

But Cohen said Macy’s is in the process of finalizing a short-term deal with the new owners.

“They intend to stay for at least the foreseeable future,” Cohen said. “For a minimum of five years they’ll be there and possibly longer.”

Downtown scene

Macy’s long-term future on Flagler Street has been in doubt since 2007, when Macy’s Florida then-Chairwoman Julie Greiner took city leaders to task for the deplorable conditions in downtown and threatened that the retailer might leave.

Read More..

Man grazed by stray bullet in Miami on New Year’s Eve

A stray bullet fired into the air just after midnight on New Year’s Eve struck a man as he celebrated at a party in Miami, according to police.

The bullet grazed the man’s upper left shoulder. Paramedics treated him outside the Allapattah home at Northwest 25th Avenue and 32nd Street. The man, who was not identified, wasn’t taken to a hospital.

Miami police spokesman Detective Willie Moreno confirmed that the victim was struck by a stray bullet.

Homeowner Randy Ruiz said the injured man was a friend of a friend who was visiting his home on New Year’s Eve.

“We had a lot of friends and family in my yard, and fireworks were being fired off,” Ruiz said. “Just after midnight, one of the guests complained of blood on his shirt. So we quickly ran over to see what was going on and saw there was blood on his left arm.”

Neighbor Barbara Jimeno, who has three grandchildren between the ages of one and four, said she was alarmed by what happened.

“It could happen to me or my grandchildren, who live around the block,” she said.

The injury followed a series of warnings from the Miami mayor, Miami police and activists about the dangers of firing bullets into the air on New Years Eve.

Read More..

7 Apps for Creepers

1. Sneakypix

Ever been waiting on the train platform, minding your business, only to glance to your left and find yourself face-to-face with a grown-up nose picker? In this day and age, our first inclination is to snap a discreet photo. Sneakypix makes it appear as if you’re on a phone call, but instead, aim your camera lens at the nasal aficionado and the app will fire off a series of stealth photos or video. Price: $ 0.99

Click here to view this gallery.

[More from Mashable: Mom Gives Son a Christmas iPhone — With Strings Attached]

Do you have a smartphone? Then chances are you’ve been a creeper.

Now don’t get all defensive, just yet. How many times have you snapped a photo of some hipster’s pink beard on the subway? How often do you send racy pictures to your husband during his business trips? How many times have you wondered whether your teenager was smoking pot on the Williamsburg Bridge or visiting his grandma in Queens?

[More from Mashable: 9 Apps to Fast-Track Your New Years’ Resolutions]

While we’re not advocating sinister, paranoid behavior (take a hike, stalkers), sometimes it’s helpful and downright fun to act like James Bond. And it turns out, you don’t need all the slick gadgets to do it.

These seven iPhone and Android apps will get you started, secret agent-style.

But seriously, for the love of Carl, don’t do anything illegal. Mmm-kay?

Image courtesy of iStockphoto, klosfoto

This story originally published on Mashable here.

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Taylor Swift Harry Styles New Years Eve Kiss

Taylor Swift and Harry Styles had equally amazing 2012's, and they kissed good-bye to the preceding 365 days together in Times Square last night.

After singing on ABC's New Year's Rocking Eve, Swift and Styles braved the crowds to watch the ball drop. And to the hordes of fans who'd gathered to count down to midnight, "Haylor's" ensuing smooch ended up being more captivating than all the twinkling lights in the sky.

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NY area lawmakers blame House GOP for scrapping vote on Sandy aid

WASHINGTON — New York area-lawmakers in both parties are erupting in anger, saying the House Republican leadership has decided to let Congress adjourn without holding a vote on aid for victims of Superstorm Sandy.

There is no immediate comment from either Speaker John Boehner or Majority Leader Eric Cantor, who sets the floor schedule.

In remarks on the House floor, Republican Rep. Peter King called the decision absolutely indefensible, while Democratic Rep. Nita Lowey said she felt betrayed.

The Senate approved a $60.4 billion measure Friday to help with recovery from the October storm that devastated parts of New York, New Jersey and nearby states. The House Appropriations Committee has drafted a smaller, $27 billion measure, and a vote had been expected before Congress' term ends Thursday at noon.

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Housing, jobs key to lifting S&P toward record

NEW YORK --
With it appearing that Washington lawmakers are working their way past the “fiscal cliff,” many analysts say that the outlook for stocks in 2013 is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.

Reasonable returns in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October 2007.

A mid-year rally in 2012 pushed stocks to their highest in more than four years. Both the Standard & Poor’s 500 and the Dow Jones industrial average posted strong gains in 2012. Those advances came despite uncertainty about the outcome of the presidential election and bouts of turmoil from Europe, where policy makers finally appear to be getting a grip on the region’s debt crisis.

“As you remove little bits of uncertainty, investors can then once again return to focusing on the fundamentals,” says Joseph Tanious, a global market strategist at J.P. Morgan Funds. “Corporate America is actually doing quite well.”

Although earnings growth of S&P 500 listed companies dipped as low as 0.8 percent in the summer, analysts are predicting that it will rebound to average 9.5 percent for 2013, according to data from S&P Capital IQ. Companies have also been hoarding cash. The amount of cash and cash-equivalents being held by companies listed in the S&P 500 climbed to an all-time high $1 trillion at the end of September, 65 percent more than five years ago, according to S&P Dow Jones Indices.

Assuming a budget deal is reached in a reasonable amount of time, investors will be more comfortable owning stocks in 2013, allowing valuations to rise, says Tanious.

Stocks in the S&P 500 index are currently trading on a price-to-earnings multiple of about 13.5, compared with the average of 17.9 since 1988, according to S&P Capital IQ data. The ratio rises when investors are willing to pay more for a stock’s future earnings potential.

The stock market will also likely face less drag from the European debt crisis this year, said Steven Bulko, the chief investment officer at Lombard Odier Investment Managers. While policy makers in Europe have yet to come up with a comprehensive solution to the region’s woes, they appear to have a better handle on the region’s problems than they have for quite some time.

Stocks fell in the second quarter of 2012 as investors fretted that the euro region’s government debt crisis was about to engulf Spain and possibly Italy, increasing the chances of a dramatic slowdown in global economic growth.

“There is still some heavy lifting that needs to be done in Europe,” said Bulko. Now, though, “we are dealing with much more manageable risk than we have had in the past few years.”

Next year may also see an increase in mergers and acquisitions as companies seeks to make use of the cash on their balance sheets, says Jarred Kessler, global head of equities at broker Cantor Fitzgerald.

While the number of M&A deals has gradually crept higher in the past four years, the dollar value of the deals remains well short of the total reached five years ago. U.S. targeted acquisitions totaled $964 billion through Dec. 27, according to data tracking firm Dealogic. That’s slightly down from last year’s total of $1 trillion and about 40 percent lower than in 2007, when deals worth $1.6 trillion were struck.

Read More..

Peeping tom suspect nabbed at Forever21 store at Sawgrass Mills mall

A suspected “peeping tom” was arrested Sunday after he was caught with video of women trying on clothes at the Forever21 store at the Sawgrass Mills mall.

Andre Clements, 30, has been charged with video voyeurism and disorderly conduct, Sunrise police said.

A manager at the store became suspicious when Clements, 30, was caught loitering in the dressing rooms. Customers also complained about Clements.

The manager alerted mall security, who called Sunrise police. When police arrived, the manager found several large slits in the curtain which separated the fitting room Clements was in and the adjoining fitting room.

In Clements possession police found a Sony camcorder with videos of young women changing clothes.

Clements admitted taping the women just before police had arrived.

Read More..

This Is 2012 Summed Up in One Image

Hey girl — it’s been a good year. No need to panic if you missed something along the way, though. Just look at the picture above.

[More from Mashable: 20 WTF New Year’s Resolutions]

Reddit user SellingIsSoExciting mashed together some of 2012′s biggest Internet moments into one masterfully crafted photo. It’s a grumpy, Gangnam-styling, Path to Prosperity-pumping collection of awesomeness.

[More from Mashable: Dying Trekkie Gets Private ‘Into Darkness’ Screening]

Any 2012 moments that should have made the photo? Let us know what you think below. And here’s to a meme-tastic and eventful 2013! Because, you know, YOLO.

BONUS: Top 12 Memes of 2012

12. Photobombing Stingray

Five years ago, three college girls on a Caribbean vacation got a serious case of the heebeejeebies when a stingray photobombed their “say cheese” moment. The hilarious photograph could have ended up as just a fond vacay memory if it weren’t for a friend, who shared the image on Reddit in September of this year.

Click here to view this gallery.

Image courtesy of Reddit, SellingIsSoExciting

This story originally published on Mashable here.

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Hugh Hefner Ties the Knot!

It's official! Hugh Hefner married Crystal Harris in an intimate ceremony on New Year's Eve...

ET confirms that the 86-year-old Playboy founder and his 26-year-old model girlfriend were married at the Playboy Mansion in Los Angeles.

Related: Hugh Hefner's Fiancee Shows Off Engagement Ring

Harris was nicknamed the "Runaway Bride" for calling off the couple's first attempt at a wedding just days before the ceremony in June of 2011. The couple announced their engagement in December 2010.

This is the third marriage for the Playboy mogul, who first married Mildred Williams in 1949 and then wed Kimberley Conrad in 1989.

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Pushed to tears

He was killed by hate — but he spent his life working for peace and love.

Subway-push victim Sunando Sen — who was shoved to his death in front of a 7 train last week, allegedly by madwoman Erika Menendez — was remembered at a small memorial service yesterday as a gentle intellectual who fought for human rights in his native Bangladesh.

“He had a quiet strength,” said pal Lorcan Otway, noting that Sen years ago had escaped oppression in the South Asian country and had recently worked to help his fellow Hindus in New York.

“He was an Indian Gregory Peck,” Otway said, comparing Sen, 36, to the humanitarian Oscar winner. “He didn’t have a hateful bone in his body,”

SUNANDO SEN


“Had a quiet strength.”

His alleged killer, Menendez, 31, has told investigators she pushed Sen because she believed he was Muslim.

During the ceremony at Coppola-Migliore funeral home in Flushing, Sen’s body was wrapped in cloth and covered with flowers. It lay in a blue-gray casket as mourners recited traditional prayers and burned incense.

Sen had no relatives here, and his parents have died. But he fashioned a family with the friends he made in New York.

“I feel like I lost a family member. The neighborhood, the shop, was his family,” said Bidyt Sarker, Sen’s boss at the Manhattan print shop where he’d worked for 15 years.

“Customers are coming in and crying.”

Sen’s body was cremated at a cemetery after the ceremony.

Meanwhile, NYPD Commissioner Ray Kelly said yesterday that the troubled Menendez’s family called police at least five times since 2005 for the mentally ill woman. In each incident, Kelly said, “It appeared she had not taken her medication.”

Additional reporting by Doug Auer

Read More..

Housing, jobs key to lifting S&P toward record

NEW YORK --
With it appearing that Washington lawmakers are working their way past the “fiscal cliff,” many analysts say that the outlook for stocks in 2013 is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.

Reasonable returns in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October 2007.

A mid-year rally in 2012 pushed stocks to their highest in more than four years. Both the Standard & Poor’s 500 and the Dow Jones industrial average posted strong gains in 2012. Those advances came despite uncertainty about the outcome of the presidential election and bouts of turmoil from Europe, where policy makers finally appear to be getting a grip on the region’s debt crisis.

“As you remove little bits of uncertainty, investors can then once again return to focusing on the fundamentals,” says Joseph Tanious, a global market strategist at J.P. Morgan Funds. “Corporate America is actually doing quite well.”

Although earnings growth of S&P 500 listed companies dipped as low as 0.8 percent in the summer, analysts are predicting that it will rebound to average 9.5 percent for 2013, according to data from S&P Capital IQ. Companies have also been hoarding cash. The amount of cash and cash-equivalents being held by companies listed in the S&P 500 climbed to an all-time high $1 trillion at the end of September, 65 percent more than five years ago, according to S&P Dow Jones Indices.

Assuming a budget deal is reached in a reasonable amount of time, investors will be more comfortable owning stocks in 2013, allowing valuations to rise, says Tanious.

Stocks in the S&P 500 index are currently trading on a price-to-earnings multiple of about 13.5, compared with the average of 17.9 since 1988, according to S&P Capital IQ data. The ratio rises when investors are willing to pay more for a stock’s future earnings potential.

The stock market will also likely face less drag from the European debt crisis this year, said Steven Bulko, the chief investment officer at Lombard Odier Investment Managers. While policy makers in Europe have yet to come up with a comprehensive solution to the region’s woes, they appear to have a better handle on the region’s problems than they have for quite some time.

Stocks fell in the second quarter of 2012 as investors fretted that the euro region’s government debt crisis was about to engulf Spain and possibly Italy, increasing the chances of a dramatic slowdown in global economic growth.

“There is still some heavy lifting that needs to be done in Europe,” said Bulko. Now, though, “we are dealing with much more manageable risk than we have had in the past few years.”

Next year may also see an increase in mergers and acquisitions as companies seeks to make use of the cash on their balance sheets, says Jarred Kessler, global head of equities at broker Cantor Fitzgerald.

While the number of M&A deals has gradually crept higher in the past four years, the dollar value of the deals remains well short of the total reached five years ago. U.S. targeted acquisitions totaled $964 billion through Dec. 27, according to data tracking firm Dealogic. That’s slightly down from last year’s total of $1 trillion and about 40 percent lower than in 2007, when deals worth $1.6 trillion were struck.

Read More..

Frankel gets ready to play politics on a national stage

Her bags are packed. She’s found an apartment on Craigslist, and the utilities just got hooked up. And Lois Frankel, a Floridian for four decades, has a new and toasty winter coat, hat and boots.

On Tuesday, 20 years after she first hoped to move to Washington, D.C., Frankel finally will be making that journey north. Two days later, she’ll reach the pinnacle of her political career as she steps onto the floor of the U.S. House of Representatives, raises her right hand and takes the oath of office to become the newest member of Congress from Broward and Palm Beach counties.

Read the full story at Sun-Sentinel.com.

Read More..

Hillary Clinton Hospitalized for Blood Clot

Hillary Clinton was hospitalized in New York on Sunday after doctors discovered a blood clot.

Pics: From the White House to the Altar: Chelsea Clinton Through the Years

The 65-year-old Secretary of State's spokesman said the clot was found during a follow-up exam related to the concussion she sustained earlier this month when she fainted due to dehydration; Clinton was suffering from a stomach virus and has been sidelined from work for the last three weeks.

Clinton is expected to remain at New York Presbyterian Hospital for the next two days so physicians can treat her with anti-coagulants and keep an eye on her.

Video: Grammys Flashback '97 -- Hillary Clinton! 

Philippe Reines, deputy assistant secretary of state, said in a statement, "In the course of a follow-up exam today, Secretary Clinton's doctors discovered a blood clot had formed, stemming from the concussion she sustained several weeks ago. She is being treated with anti-coagulants and is at New York Presbyterian Hospital so that they can monitor the medication over the next 48 hours. Her doctors will continue to assess her condition, including other issues associated with her concussion. They will determine if any further action is required."

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Chill factor

Most popular songs

1. Locked Out of Heaven, Bruno Mars

2. I Knew You Were Trouble, Taylor Swift

3. Gangnam Style, PSY

4. Ho Hey, The Lumineers

5. Scream and Shout, Will.I.Am

6. Diamonds, Rihanna

7. Thrift Shop, Macklemore, Ryan Lewis

8. Beauty and a Beat, Justin Bieber

9. Cry (The Voice Performance), Cassadee Pope

10. Home, Phillip Phillips

TiVo favorites

1. NFL Football: 49ers vs. Seahawks

2. NFL Football: Giants vs. Ravens

3. The Big Bang Theory

4. NBC Nightly News, Thurs.

5. NBC Nightly News, Wed.

Top video downloads

1. Dashboard cam films Moscow plane crash

AP

Cassadee Pope

AP

Carmen Electra

2. Puppy’s first Christmas

3. Collison’s incredible game-tying 3-pointer

Google trends

1. UFC 155

2. Case McCoy

3. Norman Schwarzkopf

NY Post hot topics

1. Bethenny Frankel: Gimme your lawyer

2. Sex secrets of NYC’s men

3. Holiday apart for Carmen Electra

4. Gallery owner’s suicide manifesto

Read More..

South Florida’s biggest business stories of 2012

For South Florida’s economy, 2012 centered on one main question: Would the recovery continue?

The answer: Yes, and slowly.

Housing values continue to climb, unemployment rates shrink, hiring grows and spending strengthens. And yet 2012 ends on the same general theme as 2011: Things are getting better, but at a slow enough pace that South Florida will have to wait at least another year for a healthy recovery to begin.

Behind the broad economic tide, news crashed onto the scene. And now it falls on Business Monday to rank their significance.

We do this each year December as a way to put the year’s business news in perspective. For the rankings, we use three criteria.

First, how important was the news for South Florida’s economy? We only have 10 slots to fill, so the news needs to be big.

Second, how unique was the news to South Florida? National events can have major impacts in South Florida, but we’re looking for news that’s particularly noteworthy to the region.

Third, how unique was the news to this year? Long-term trends can impact an economy for years, but we’re looking for stories clearly linked to 2012.

On to the rankings...

10: One Community One Goal plan released

Miami-Dade’s economic development agency, the Beacon Council, spent more than a year drawing up what’s supposed to be a blueprint for the county’s economic future. We won’t know for years whether the One Community One Goal plan will actually guide leaders’ decisions as they decide on education priorities and corporate-recruitment targets. The authors of this report boasted that they were determined not to have the latest version seen as obsolete the way the 1996 version was. But with hundreds of people involved in the forums that led to the report, One Community One Goal is sure to be cited in debates and discussion about Miami-Dade’s economy for years to come.

9. Ryder gets a new CEO

It was a tumultuous year for the Miami-Dade trucking giant, which spent the summer backing off early predictions of strong recovery for clients. In July, Ryder CEO Gregory Swienton announced companywide cost cuts to combat flat sales in a year he had originally seen as going well. That move included 60 job cuts at Ryder’s headquarters in western Miami-Dade, out of 450 across the country The end of 2012 brought another big announcement: Swienton was retiring in two weeks, and handing over the top job to his longtime deputy, Ryder COO Robert Sanchez.

Swienton, 63, said he was looking forward to getting back to Texas, where most of his grandchildren live. The board praised Swienton’s 13-year tenure, which saw Ryder stock rise from $17 a share to $50 a share.

Sanchez, 47, is only the company’s fifth CEO since its founding in the Great Depression. A Miami native, he becomes one of only three CEOs of a Fortune 500 company headquartered south of Palm Beach County. The other: AutoNation’s Mike Jackson and World Fuel Services’ Michael Kasbar.

8. Miami Marlins Buyers Remorse

The debut season of Miami’s first official Major League Baseball team brought a string of disappointments on and off the field. Promises of a revitalized Little Havana retail scene around the tax-funded stadium instead brought vacant storefronts. Attendance, a big part of the economic argument for the $635 million stadium, ended up being the worst for a new ballpark in 30 years.

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