Mike is kickin’ class over $250M aid loss

The teachers union’s refusal to come to the negotiating table on a new rating system for its members will end up costing the city $250 million in state education aid, Mayor Bloomberg said yesterday.

Hizzoner and Schools Chancellor Dennis Walcott slammed the president of the United Federation of Teachers for ditching talks on how to meaningfully evaluate the performance of teachers — just weeks shy of a strict Jan. 17 deadline for an agreement.

“I thought we were well on the way of having productive discussions, but for some reason Mr. [Michael] Mulgrew has instructed his people to walk away from the table,” Walcott said during the mayor’s weekly radio appearance. “It’s really tough to negotiate when the UFT walks away from the table.”

Bloomberg said the city is recalculating its midyear budget with the assumption that the anticipated $250 million boost is now a bust.

“It takes weeks to figure out what we’re going to have to cut if we don’t get the money,” he said. “We can still keep negotiating, but we’re going to start assuming in our budget preparations . . . that we will not have the money.”

The rules of the deadline say the city needs to not only reach a deal before that date in order to get the funds, but it also needs to have its plan approved by the state Education Department — and implemented.

That’s why Walcott had imposed an even earlier deadline for striking a deal, but his hopeful deadline expired last night.

Mulgrew said he’s open to continuing talks with the city, but he’s insisting that officials agree to discuss the implementation of the new rating system before the two sides hammer out the details of the evaluations themselves.

He said it’s because the DOE has already botched preparations for introducing the new ratings — including a lack of training for key personnel.

“[If] the implementation and training is all messed up, then the evaluation [system] will fail — and that’s too important for the schools system,” said Mulgrew.

Gov. Cuomo insisted earlier this week that he would not extend the approaching deadline.

The city is one of just 27 districts — out of 692 in the state — that have yet to submit a plan to the state.

The rating system will include a component that judges teachers based on how well their students do on state tests — something the union had been opposing for years.

yoav.gonen@nypost.com

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Great-grandmother leads annual Miami-Dade, Monroe toy drive

Beginning in August, Bunchy Gertner puts aside her social life, her needs and even her great-grandchildren to head over to the “North Pole,” the place where she stores, wraps and distributes thousands of toys destined for foster care children in Miami-Dade and Monroe counties.

“This is top banana,” said Gertner referring to the nonstop volunteer work she has done for the past 16 years. “Every kid will get a gift and — even if it’s just for a moment — they will know that someone cares.”

It’s Gertner who dedicates her time to planning and execution of the toy drive that will distribute 3,400 gifts to the children under Our Kids, a non-profit agency that provides foster care and related services in Miami and the Florida Keys.

“She focuses solely on the toy drive and lives to match the right toy with the right child,” said Fran Alegra, Our Kids CEO. “I don’t have staff that would be able to dedicate the time that she gives to this.”

Over the years, 78-year-old Gertner has not only given every foster child a gift, but she has made sure that everyone receives a good quality, age appropriate present.

“I think I have 3,400 children,” said Gertner. “Thank God I didn’t give birth to all of them and they’ve all left the house. But I feel like they’re all mine.”

Gertner has even made it her mission to look after the children who are aging out of foster care and are considered independent living. For these teens, she prepared a gift that includes a comforter, sheets, pillow cases, hand towels, bath towels, glass wear, pillows, dishes, pots and pans.

“They have no money when they leave foster care,” said Gertner. “I give them what a mom and dad would give a child who was going off to college or going off on their own.”

In order to raise money and collect presents, Gertner has relied on about 50 sponsors, who are responsible for collecting gifts. She distributes the first names of children with their age, gender and ethnicity to provide each child with an appropriate gift.

“I became a beggar. I got down on my hands and knees and begged everyone that I met,” said Gertner. “I write letters, I make phone calls and ask if they would want to help or if they know anyone who would want to do it.”

Once she receives the gifts from the sponsors, they are taken to her North Pole, which this year is an empty store donated by Gulfstream Park.

There, she sorts the presents that come with a specific child’s name by agency and begins wrapping the gifts that she receives with no specific name.

“I couldn’t do it alone,’’ said Gertner, who refers to her helpers as elves. “If it weren’t for the people helping me wrap and the sponsors, I wouldn’t have a toy drive.’’

On any given 10-hour work day, the volunteers, which range in numbers from a handful to two dozen, show up to wrap and sing holiday songs.

“This is better than staying at home in bed all day,” said Rivly Breus, a student at Florida Atlantic University. With a little experience under her belt from wrapping at Macy’s, Breus decided to Google a way she could volunteer her talents.

“It was hard for me growing up so it’s good to be able to shine a light on others,” Breus said.

Some come with no experience, like Gonzo Gonzalez, who often has to patch the spaces where he didn’t use sufficient paper.

“I didn’t have it easy growing up, but at least I had my parents,” said Gonzalez, who wrapped about 30 footballs on a recent Sunday. “It’s good to be able to give back. The kids who don’t have parents are not expecting anything.”

Although, Gertner does not give the presents directly to the children for privacy reasons, she is satisfied with knowing that there is a child at the end of every present. She said she will continue to do it until she can’t anymore.

“I know in my heart that what I do is enough,” said Gertner. “When I go to bed I know that I have fulfilled my mission and done my job well.”

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Red Hat shares up on acquisition and 3Q results

Red Hat Inc.‘s shares jumped Friday on the software company‘s solid third-quarter results and plans to acquire cloud-based software company ManageIQ.

THE SPARK: Red Hat said late Thursday that it would buy privately held ManageIQ for $ 104 million in cash.

The Raleigh, N.C., company also reported that it earned 29 cents per share for its fiscal third quarter on an adjusted basis, up a penny from the prior year and in line with analyst expectations. Its revenue for the period increased 18 percent to $ 343.6 million, which beats the $ 338 million that analysts polled by FactSet had forecast.

THE BIG PICTURE: ManageIQ’s software helps businesses deploy and manage private clouds. Red Hat said the deal will expand the reach of its public-private cloud setups for its customers. The acquisition is expected to have no material impact to Red Hat’s revenue for its fiscal year ending in February.

THE ANALYSIS: Stifel Nicolaus analyst Brad R. Reback said that the company has been able to maintain momentum even in a difficult environment and he thinks the latest deal offers an interesting longer-term angle for its business. He thinks the company is well positioned to generate at least 15 to 20 percent billings growth in the future. He reiterated a “Buy” rating and a $ 65 price target on its shares.

SHARE ACTION: Shares gained $ 2.25, or more than 4 percent, to $ 54.86 in afternoon trading. Shares have traded between $ 39.19 and $ 62.75 in the past 52 weeks.

Linux/Open Source News Headlines – Yahoo! News

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Investors shuffling assets ahead of fiscal cliff

Some citizens aren’t waiting to find out if the White House and Republicans in Congress will be able to reach a last-minute deal to pull the country away from the “fiscal cliff.”

They are selling securities while capital gains tax rates are still low or transferring millions into trusts for the benefit of children and grandchildren before estate tax laws become more stringent. Others are getting out of the markets and parking money in less risky accounts.

Miami financial planner Cathy Pareta has been counseling her upper middle class clients — “the Johnsons, not the Rockefellers” — on whether to adjust investment portfolios, accelerate income or realize capital gains sooner than planned.

“Some people are going to get hit hard,” said John Bacci, a financial planner in Linthicum, Md., who has gone down his client list and run projections on what higher taxes would look like for them. He’s looking at tax-friendly alternatives for some clients, such as annuities or rental property.

At year’s end, the country will leap off the “fiscal cliff” unless politicians reach a compromise on mandated spending cuts and the expiration of the Bush-era tax cuts.

For most investors, the expiring cuts will mean that the tax rate for long-term capital gains will rise from 15 percent to 20 percent. Dividends also will no longer be taxed at 15 percent but treated as ordinary income, which could mean a tax rate as high as 39.6 percent. And individuals with multimillion-dollar estates will find much more of their money subject to the federal estate tax.

Estate planning lawyers say the demand is so intense that they are putting in grueling hours to set up trusts.

“It’s very stressful. We are working day and night,” said Diana Zeydel, an estate planning lawyer with Greenberg Traurig in Miami. “Were doing three times what we normally do for end-of-the-year planning.”

Zeydel said many of her clients waited until after the elections in November to gauge how the political tide would affect their future finances. This gave them little more than a month to make major decisions about their wealth.

Most observing the political jousting in Washington expect taxes will go up even if the political leaders reach a deal — they’re just not sure how much. Many aren’t taking any chances.

Jim Ludwick, a financial planner in Odenton, Md., said one client in his late 50s cashed out stock and bond funds totaling $1.7 million not long after the election and stashed the proceeds in a money market fund.

The client, anticipating a market plunge due to the “fiscal cliff” and other issues, said he spent his entire working life building up a nest egg and wouldn’t have time to wait for his portfolio to recover, according to Ludwick. The client fears it won’t be safe to re-enter the stock market for another year.

“We have a number of clients who are taking capital gains this year, expecting that if they wait until next year, they will have to pay higher taxes on those same gains,” said Daniel McHugh, president of Lombard Securities in Baltimore. Some of those clients are realizing six-figure gains but are still willing to take the tax hit now, he said.

Of course, the downside is that the stock market could take off, and these investors will miss out on even higher gains, McHugh said. But, he added: “Given the state the economy is in, that’s a very small risk.”

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North Korea says it has detained a US citizen

PYONGYANG, North Korea — North Korea said Friday that it has detained an American citizen who has confessed to unspecified crimes.

State media said in a short dispatch that someone named Bae Jun Ho entered North Korea on Nov. 3 as a tourist but was detained because of crimes.

The North said the crimes were "proven through evidence" but didn't elaborate.

Pyongyang has detained and eventually released several Americans in recent years. Some have been Christians accused of religious proselytizing.

Two journalists were also detained after crossing into the North from China while on a reporting trip but were later released.

South Korean activists have told local media in Seoul that Bae is a Korean American and was detained after entering North Korea to guide tourists. Bae operates a tourism company that specializes in North Korea, the reports said.

The North Korean dispatch said officials from the Swiss Embassy met Bae on Friday, but there were no other details about the meeting. The United States doesn't have diplomatic relations with Pyongyang so American citizens are given aid by the Swiss.

Bae is undergoing "legal treatment" according to North Korea's criminal law, the North's official Korean Central News Agency said.

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Bay of Pigs invasion veterans mark 50 years since release

In the days before Christmas 50 years ago this weekend, 1,113 Bay of Pigs fighters captured by Fidel Castro’s forces and imprisoned for 20 months were finally released to a heroes’ welcome in Miami.

The first planeload of POWs arrived at Homestead Air Force Base on Dec. 23, 1962. Gaunt and betrayed by the John F. Kennedy administration, members of the proud Brigade 2506 were bused to Miami’s Dinner Key Auditorium, where waiting relatives engulfed them with hugs at a massive reunion that made front-page news. Five days later, JFK and his wife Jackie would be at the Orange Bowl to welcome them, too.

On Saturday, the 50th anniversary of those pivotal days will be observed as surviving brigade members — now in their 70s and 80s — hold a and 11 a.m. Mass and reunion at the Bay of Pigs Museum in Little Havana.

The release of the men was the one bright spot in the disastrous April 1961 CIA-backed invasion to overthrow the two-year old Castro government. Yet the fighters’ return also sent the somber message that exiles would not reclaim Cuba. The Cuban Missile Crisis that October had set the course of U.S.-Cuba relations until today.

Back then, it was sinking in: The Cuban exile community was in Miami to stay.

A defeated Jose Andreu, now 76, the first brigade member to sign up for the invasion, was among those who arrived home that bittersweet day.

“My wife to-be was there to meet me, along with my sister and my father,” Andreu said. “I remember hugging and crying. After leaving the auditorium, I remember being so hungry I went to a Royal Castle and my girlfriend bought me, I think, 18 small cheeseburgers.”

Among the young people waiting at the auditorium that day in 1962 was a teen-aged Ninoska Perez Castellon, there with her family to welcome her brothers and uncle, all brigade members.

“I remember being in that packed auditorium ... I can truly say as a child I viewed those men as my first heroes. I still do,” said Perez-Castellon, who grew up to become one of Miami’s most influential radio personalities.

Perez and her family still have black-and-white snapshots of the joyful reunion, showing her late grandmother proudly hugging her son.

The behind-the-scenes negotiations that finally led to the release of the brigadistas 50 years ago this week were the stuff of Hollywood movies. They involved months of haggling with Castro by everyone from a former first lady to a high-profile diplomatic negotiator who led the group that finally succeeded — a group of the prisoners’ mothers, wives and fathers who made up the Cuban Families Committee.

Their effort resulted in a now-forgotten 7,857 exodus of Cuban refugees, many relatives of the brigadistas, who arrived in cargo ships at Port Everglades in Fort Lauderdale from December 1962 to July 1963.

Two women in the committee played key roles — one in Cuba, motivated by a mother’s love; the other in Miami, seeking to free her husband.

Havana socialite, Berta Barreto, whose oldest son, Alberto Oms Barreto, had been captured during the invasion, made the initial contact with Castro and promised that the ransom he had set for the men would be paid. Years later, her second son, Pablo Perez-Cisneros Barreto, wrote the definitive book on the negotiations called After the Bay of Pigs, soon to be published in Spanish. “What my mother and the others managed to do, with no experience in high-level negotiating, was extraordinary,” Perez-Cisneros Barreto said.

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Insiders steal a march in leak prone Asian markets

SINGAPORE (Reuters) – When South Korean automaker Hyundai Motor Co announced last month it had overstated the fuel efficiency levels on around one million of its cars in the United States and Canada some investors were left fuming more than others.

Some had already sold their shares before the announcement on November 2. The stock fell 4 percent on November 1 with about 2.2 million shares changing hands, the highest trading volume of the year at that point.

“This smells pretty bad,” said Robert Boxwell, director of consulting firm Opera Advisors in Kuala Lumpur who has studied insider dealing patterns.

“It would have fallen into our suspect trading category,” he added.

Boxwell spots suspect trading by looking at how much the volume diverges from the average level in the days before a market moving announcement. In the Hyundai instance, the volume was more than five standard deviations, a measure of variation, away from the daily average of 598,741 shares over the past year.

A Hyundai spokeswoman declined to comment.

Research from the Capital Markets Co-operative Research Centre (CMCRC), an academic centre in Sydney that studies financial market efficiency, found that 26 percent of price-sensitive announcements in Asia Pacific markets showed signs of leakage in the first quarter of this year, the most recent period for which data was available.

That compared with 13 percent in North American markets.

The CMCRC says it looks for suspected information leaks by examining abnormal price moves and trading volumes ahead of price-sensitive announcements.

Investors say one reason for leaks in Asia has been low enforcement rates for insider trading and breaches of disclosure rules. Enforcement in some markets is virtually non-existent.

There are also misconceptions about whether trading on non-public information is a crime.

“The idea that insider trading is wrong rather than smart is only being ingrained in the current generation of Asian players, not the older generation who are often still in the driving seat,” said Peter Douglas, founder of GFIA, a hedge fund consultancy in Singapore.

LOSS OF CONFIDENCE

Japan’s largest investment bank Nomura Holdings was embarrassed this year after regulatory investigations found it leaked information to clients ahead of three public share offerings.

Nomura has acknowledged that its employees leaked information on three share issues it underwrote in 2010. In June, it published the results of an internal investigation that found breaches of basic investment banking safeguards against leaking confidential information and announced a raft of measures to prevent recurrence.

The bank was also fined 200 million yen ($ 2.37 million) by the Tokyo Stock Exchange and 300 million yen by the Japan Securities Dealers Association.

Such leaks hurt companies’ share prices in the long run because investors put in less money if they feel they are not on a level playing field.

“It is very damaging. You may not know how much money you’ve lost but if there is not confidence that the regulators are prosecuting and enforcing the rules on this then it undermines investor confidence and liquidity,” said Jamie Allen, secretary general of the Asian Corporate Governance Association.

The issue isn’t being ignored. Many Asian markets such as Hong Kong and China have tightened their rules on insider trading over the past decade.

Indeed some investors feel that while leaks and insider dealing are unfair, regulators in the region have more serious issues they should be tackling.

“I would like to see the regulators spend more resources on investigating and prosecuting fraud against listed companies, which severely damages shareholder value,” said David Webb, a corporate governance activist in Hong Kong, arguing insider dealing as less of an impact on a company’s long-term share price.

HTC AND APPLE

A week after Hyundai’s announcement about its problems in the United States, there was an unexpected move on the Taiwan Stock Exchange.

Shares in smartphone maker HTC Corp jumped almost seven percent on Friday, November 9, hitting the daily upper trading limit. On Sunday came the surprise announcement that the company was ending its long-running patent dispute with Apple Inc , a move seen as a positive for the stock.

The Taiwan bourse announced it was investigating the trading patterns to see if there was a possible leak.

When asked for comment, HTC referred back to a November 13 statement in which the company said it had kept the Apple settlement process confidential and has strict controls on insider trading.

Michael Lin, a spokesman for the Taiwan Exchange, told Reuters on Friday that the bourse is still working with the regulator on the case.

‘ENORMOUS LOSSES’

Michael Aitken, who oversees research at the CMCRC, said many other Asian markets lack tough enough rules to force information to be released as efficiently and timely as possible, a primary reason for the prevalence of leaks.

“Poor regulation hampers enforcement efforts,” he said pointing out that few markets have the “continuous disclosure” rules used in Australia which require listed companies to release material information as soon as possible.

In Korea, when Hyundai shares started to fall, rumours began swirling that news about a problem with some of its cars was on its way, but investors say it took the company too long to disclose what exactly was happening.

“Hyundai at that time did not confirm the rumours. We suffered enormous losses because of this,” said one fund manager, who declined to be named because he was not authorised to speak to the media.

An official from Korea Exchange declined to comment on whether it was investigating this case, saying only that the exchange looks carefully into possible cases of insider trading.

Across Asia, regulators concede that many company executives and insiders still do not appreciate that leaking or trading on material, non-public information is an offence.

“People don’t even know they are engaging in insider trading, for example if their friends are talking about it on the golf course,” said Tong Daochi director-general for international affairs at the China Securities Regulatory Commission, during a regulation conference last month.

“We try to tell society, what are the criminal issues, what are the insider trading issues? For example we have held 27 press conferences to tell the public what kind of activities are involved in insider trading and to let people know that this is an active crime.” ($ 1 = 84.2600 Japanese yen) ($ 1 = 0.6147 British pounds)

(Reporting by Rachel Armstrong; additional reporting by Nishant Kumar in HONG KONG and Hyunjoo Jin in SEOUL; Editing by Emily Kaiser)

Wireless News Headlines – Yahoo! News

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Jennifer Lawrence Fashion Time Warp

"It" girl Jennifer Lawrence is getting a lot of attention this year, and with good reason! 

The recent Golden Globe nominee has proven herself worthy of the big-screen hype thanks to the box office success of The Hunger Games and Silver Linings Playbook. On top of that, the beauteous bombshell has become a fashion-forward phenomenon.

Related: Five Things You Don't Know About Jennifer Lawrence

Join us as we look back at Jennifer's best and worst looks of red carpet past.

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The Cuban government Thursday denounced what it called the “unjust and illegal” multi-million dollar fines the U.S. government slapped on two foreign banks for violating Washington’s sanctions on the island.

The U.S. actions show that its “ferocious persecution of financial and commercial transactions by Cuba and those with legitimate relations … has only changed but has hardened,” a Foreign Ministry official said in a statement.

The British-based HSBC bank agreed to pay $1.9 billion to the U.S. government last week to settle accusations that it laundered drug money through its Mexican and other branches, and violated U.S. economic sanctions on Cuba.

The next day Washington announced that Japan’s Tokyo-Mitsubishi UFJ bank had agreed to pay $8.6 million to settle what the Cuban statement called “a supposed violation of the unilateral sanctions of the United States against various countries, including Cuba.”

Under the trade embargo, banks cannot move Cuban funds through U.S. financial institutions or handle U.S. dollar deposits for Cuban entities or citizens. Cuba is subject to other sanctions as well because it is on the U.S. list of countries that support international terrorism.

The Foreign Ministry statement noted that the sanctions came one month after the U.N. General Assembly voted overwhelmingly for the 21st time to condemn the 50-year-old trade embargo against Cuba.

While the HSBC settlement was reported to be one of the largest ever, the U.S. Treasury Department has hit several other foreign banks in recent years for violating sanctions on Cuba and other countries, especially Iran.

The Netherlands’ ING bank agreed to a $619 million settlement earlier this year. Credit Suisse agreed to pay $539 million in 2009. And the Swiss UBS bank was hit with a $100 million settlement in 2004.

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Hold on, Mr. Preshident!

Veteran TV newsman Sam Donaldson was arrested on DUI charges in Delaware, police said yesterday.

Donaldson (pictured), a former White House reporter for ABC, was stopped on Dec. 1 by cops in Lewes, Del., after his car was spotted swerving onto the shoulder of the road.

Lewes is a resort town on the Chesapeake Bay, across the Delaware River from Cape May, NJ.

Donaldson allegedly failed a field-sobriety test and was arrested and taken to the local police station.

The 78-year-old newsman was later released and given an unspecified date to return for a court appearance.

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Slip-N-Slide’s Ted Lucas teams up with Miami Heat’s James Jones for All-Star Holiday weekend

Record executive Ted Lucas and Miami Heat star James Jones joined forces to bring holiday cheer to Miami Gardens kids — and motivate them to achieve academically — earlier this month

The All-Star Holiday weekend started with a toy distribution at North County K-8 Center on Dec.13

Lucas and Jones, who got good grades when growing up in Miami Gardens, got some help Santa Claus and Heat mascot Burnie to distribute bicycles, iPod Nanos and gift cards to those students who did well on their FCAT scores.

Later that evening, Miami Commissioner Michelle Spence-Jones and Miami Beach Commissioner Jonah Wolfson hosted a kick-off party at W Hotel Miami Beach. Lucas and Jones each received the key to the City of Miami Beach from Wolfson. Lucas is president of Slip-N-Slide Records, located on South Beach.

The weekend’s festivities also included a DREAM reception at Mercedes-Benz of Miami that highlighted talented local youth and honored teachers and included live performances by the Miami Norland High School drumline, DJ Elle and recording artist Sebastian Mikael.

The All-Star Holiday Weekend concluded with a special community fair at Buccaneer Park in Miami Gardens. Hundreds of residents from the surrounding area attended the free celebration for a day of games, activities, music, treats and giveaways.

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Brazilian company releases the ‘IPHONE’ after trademarking the name back in 2000

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Accelerator planned for healthcare-tech start-ups

A new start-up accelerator focused on the intersection of healthcare and technology is coming to Miami next year.

Project Lift Miami, designed to help develop young companies and prepare them for investment opportunities, is a partnership between Lift1428, an innovation design, strategy and communications firm; the Miami Innovation Center at the University of Miami Life Science & Technology Park and its developer, Wexford Science + Technology; and the UM Miller School of Medicine, said Robert Chavez, the project’s executive director. “We’re being proactive and trying to support innovative ideas and companies. … We’d like to keep them here and really help to transform the area into a healthcare innovation hub.”

The accelerator will offer entrepreneurial teams a structured 100-day program of classes, workshops and training directed by national and local healthcare experts as well as mentoring and strategic support that will continue well beyond the program, said David McDonald, CEO of Lift1428 and co-founder of Project Lift Miami.

“This meets a critical unmet need in innovation,” said Norma Kenyon, chief innovation officer at UM’s Miller School, explaining that novel ideas often don’t find appropriate mentors and funding until they are pretty far along. “Where do you go if you have a great idea that really could be transformative? This provides much-needed support for these very early-stage technologies.”

Ten to 15 start-ups will be selected for the first class, which will start in May. Each will be offered seed funding — probably $20,000 to $30,000 in cash and services in exchange for a small equity stake — and will get free office space at the research park, Chavez said. The program will run through August, closing with a Demo Day, when entrepreneurs present their businesses to potential investors.

“There’s so much regulation and there are privacy issues and other barriers to entry that are different in the healthcare industry. Having the access to the environment we have here to test your idea and prove your concept is a great advance,” said Chavez, who is also executive director of business intelligence at UM’s Miller School. “That kind of mentoring you won’t get at a general accelerator.”

If Miami’s program goes well, future Project Lift programs could be rolled out at other Wexford science and technology parks across the country, said Bill Hunter, Wexford’s regional director of leasing. “Project Lift is directly aligned with our mission to cultivate innovation in our community. You need investment in those early-stage opportunities.”

Entrepreneurs interested in applying for the inaugural 2013 class can contact Chavez at rchavez@lift1428.com or 305-345-8670, or stop by the Miami Innovation Center at the UM Life Science & Technology Park, 1951 NW Seventh Ave., Suite 300. There is also more information at www.lift1428.com/projectlift.

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Democrats ‘caving’ on Social Security

WASHINGTON — Democratic lawmakers mostly fell in line yesterday behind President Obama’s proposal to cut Social Security payments as part of a fiscal-cliff deal, despite outrage from the party’s liberal base.

Obama’s offer to change the method of calculating annual cost-of-living adjustments for federal benefits would reduce Social Security checks by about 0.3 percent a year, according to the Center for Economic and Policy Research, a liberal think tank.

“This loss would be cumulative through time so that after 10 years, the cut would be roughly 3 percent, after 20 years 6 percent,” fumed Dean Baker, the director of the center. “These benefits average less than $15,000 a year.”

AARP estimated the change would snatch $112 billion out of seniors’ pockets over the next 10 years.

“We understand the president is at the negotiating table,” said Rep. Joe Crowley (D-Queens). “We also know these [deals] can be difficult and not everything we want will be in the bill and not everything they want will be in the bill.”

Senate Majority Leader Harry Reid (D-Nev.), who previously said Social Security should be off the table, vouched for Obama’s negotiating position.

“I admire and appreciate very much the president showing the American people how reasonable he’s trying to be: significant tax increases, significant cuts,” Reid said.

Democrats’ sudden warming to Social Security reforms is a sign that a deal could be near.

Annual increases in Social Security benefits are currently indexed to the consumer price index (CPI), which measures the change in prices of consumer goods.

Under the proposed deal, the benefits would be indexed to the so-called chained consumer price index (CCPI), which takes into account how consumer buying habits change in response to rising prices and therefore reflects a slightly lower rate of inflation.

Obama and House Speaker John Boehner (R-Ohio) are locked in tough negotiations but have slowly moved toward a debt-cutting deal.

If they fail, automatic tax hikes for every American and deep spending cuts, mostly to the military, will take effect on Jan. 1. Economists predict it would trigger a recession.

Obama’s latest offer included tax hikes for those earning more than $400,000 a year and spending cuts, including to Social Security.

Boehner offered a plan to block tax hikes for all but those making more than $1 million a year.A vote on the bill could come as soon as today.

He described it as a backup plan in case a broader deal can’t be struck in time.

“It’s important that we protect as many American taxpayers as we can,” said Boehner.

Obama immediately rejected it.

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Judge admonishes defendant in Rilya Wilson murder trial

A Miami-Dade judge admonished the woman accused of killing foster child Rilya Wilson after two brief courtroom outbursts Tuesday.

At the time, Geralyn Graham’s ex-lover, Pamela Graham, was on the stand testifying under cross-examination about why she was cooperating with authorities. The two are not related.

In front of the jury, Geralyn Graham yelled at Pamela Graham to stop lying. A few minutes later, Geralyn Graham again blurted out at the witness that the last time she saw Rilya, she “was in your arms.”

Geralyn Graham, 66, is on trial on charges of murdering the foster child whose disappearance a decade ago roiled the state’s child-welfare agency and led to a series of reforms. Rilya’s body was never found.

Pamela Graham, who was Rilya’s legal guardian, has testified over two days that Geralyn Graham abused Rilya, tying her to a bed and keeping her isolated in a laundry room. She has also cast Geralyn Graham as a dominating, manipulative woman who forced her to lie that a child welfare worker took the child.

During cross-examination by defense attorney Scott Sakin, Pamela Graham admitted the early story she gave to police investigators “was all lies.”

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Instagram tests new limits in user privacy

SAN FRANCISCO (Reuters) – Instagram, which spurred suspicions this week that it would sell user photos after revising its terms of service, has sparked renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.

In forcefully establishing a new set of usage terms, Instagram, the massively popular photo-sharing service owned by Facebook Inc, has claimed some rights that have been practically unheard of among its prominent social media peers, legal experts and consumer advocates say.

Users who decline to accept Instagram’s new privacy policy have one month to delete their accounts, or they will be bound by the new terms. Another clause appears to waive the rights of minors on the service. And in the wake of a class-action settlement involving Facebook and privacy issues, Instagram has added terms to shield itself from similar litigation.

All told, the revised terms reflect a new, draconian grip over user rights, experts say.

“This is all uncharted territory,” said Jay Edelson, a partner at the Chicago law firm Edelson McGuire. “If Instagram is to encourage as many lawsuits as possible and as much backlash as possible then they succeeded.”

Instagram’s new policies, which go into effect January 16, lay the groundwork for the company to begin generating advertising revenue by giving marketers the right to display profile pictures and other personal information such as who users follow in advertisements.

The new terms, which allow an advertiser to pay Instagram “to display your username, likeness, photos (along with any associated metadata)” without compensation, triggered an outburst of complaints on the Web on Tuesday from users upset that Instagram would make money from their uploaded content.

The uproar prompted a lengthy blog post from the company to “clarify” the changes, with CEO Kevin Systrom saying the company had no current plans to incorporate photos taken by users into ads.

Instagram declined comment beyond its blog post, which failed to appease critics including National Geographic, which suspended new posts to Instagram. “We are very concerned with the direction of the proposed new terms of service and if they remain as presented we may close our account,” said National Geographic, an early Instagram adopter.

PUSHING BOUNDARIES

Consumer advocates said Facebook was using Instagram’s aggressive new terms to push the boundaries of how social media sites can make money while its own hands were tied by recent agreements with regulators and class action plaintiffs.

Under the terms of a 2011 settlement with the Federal Trade Commission, Facebook is required to get user consent before personal information is shared beyond their privacy settings. A preliminary class action lawsuit settlement with Facebook allows users to opt-out of being included in the “sponsored stories” ads that use their personal information.

Under Instagram’s new terms, users who want to opt-out must simply quit using the service.

“Instagram has given people a pretty stark choice: Take it or leave, and if you leave it you’ve got to leave the service,” said Kurt Opsahl, a senior staff attorney with the Electronic Frontier Foundation, a Internet user right’s group.

What’s more, he said, if a user initially agrees to the new terms but then has a change of mind, their information could still be used for commercial purposes.

In a post on its official blog on Tuesday, Instagram did not address another controversial provision that states that if a child under the age of 18 uses the service, then it is implied that his or her parent has tacitly agreed to Instagram’s terms.

“The notion is that minors can’t be bound to a contract. And that also means they can’t be bound to a provision that says they agree to waive the rights,” said the EFF’s Opsahl.

BLOCKING CLASS ACTION SUITS

While Facebook continues to be bogged in its own class action suit, Instagram took preventive steps to avoid a similar legal morass.

Its new terms of service require users with a legal complaint to enter arbitration, rather than take the company to court. It prohibits users from joining a class action lawsuit unless they mail a written “opt-out” statement to Facebook’s headquarters in Menlo Park within 30 days of joining Instagram.

That provision is not included in terms of service for other leading social media companies like Twitter, Google, YouTube or even Facebook itself, and it immunizes Instagram from many forms of legal liability, said Michael Rustad, a professor at Suffolk University Law School.

Rustad, who has studied the terms of services for 157 social media services, said just 10 contained provisions prohibiting class action lawsuits.

The clause effectively cripples users who want to legally challenge the company because lawyers will not likely represent an individual plaintiff, Rustad argued.

“No lawyers will take these cases,” Rustad said. “In consumer arbitration cases, everything is stacked against the consumer. It’s a pretense, it’s a legal fiction, that there are remedies.”

Instagram, which has 100 million users, allows consumers to tweak the photos they take on their smartphones and share the images with friends. Facebook acquired Instagram in September for $ 715 million.

Instagram’s take-it-or-leave-it policy pushes the envelope for how social networking companies treat user privacy issues, said Marc Rotenberg, the executive director of the Electronic Privacy Information Center.

“I think Facebook is probably using Instagram to see how far it can press this advertising model,” said Rotenberg. “If they can keep a lot of users, then all those users have agreed to have their images as part of advertising.”

(Additional reporting by Dan Levine; Editing by Jeremy Laurence)

Internet News Headlines – Yahoo! News

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Angelina Jolie to Direct Unbroken Film

Angelina Jolie is in final negotiations to direct her second film, Unbroken, based on the story of Louis Zamperini, an Olympian-turned-World War II prisoner of war, according to Deadline.

Video: Angelina Jolie Talks Kids, 'Blood and Honey'

"I was so moved by Louie Zamperini's heroic story, I immediately began to fight for the opportunity to make this film," said The Oscar-winning actress in a statement. "Louie is a true hero and a man of immense humanity, faith and courage. I am deeply honored to have the chance to tell his inspiring story."

Adapted from Seabiscuit author Laura Hillenbrand's Unbroken: A World War II Story of Survival, Resilience and Redemption, the feature film will tell the real-life tale of American Olympic distance runner Louis Zamperini, who was captured and imprisoned by the Japanese Navy during World War II.

Unbroken will be the second film directed by Jolie. The 37-year-old made her debut in 2011's In The Land Of Blood And Honey.

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iOS apps you need right now

If you’ve just gotten an iPhone 5 or an iPad Mini, you’re going to want to play with it. And if you’re looking for apps to try out on your new iOS device, these old and new favorites are perfect — not to mention cheap or free.

PHOTOTOASTER

Rating: 4.5 stars out of 5 (Outstanding)

The good: PhotoToaster is one of the best ways to add effects to your images, and features an excellent interface layout for giving your images a really cool look.

The bad: Like many apps, PhotoToaster has begun to add in-app purchases, but there are several included filters that do the job nicely.

The cost: 99 cents

The bottom line: There are tons of image editors in the App Store, but PhotoToaster is easy to recommend, with its slick and simple interface, helpful menus to get you started and extremely impressive results.

ANGRY BIRDS STAR WARS HD

Rating: 4.5 stars out of 5 (Outstanding)

The good: Angry Birds Star Wars does just enough with new worlds and new Star Wars-themed birds to add variation to an already great game mechanic.

The bad: The app is not universal to both phones and tablets, so you’ll need to purchase it twice if you want to use the game on both.

The cost: $2.99

The bottom line: With new birds, new powers andnew levels to explore set in the Star Wars universe, this is a worthy purchase, even if you’ve played the previous games.

NETFLIX for iOS

Rating: 4.5 stars out of 5 (Outstanding)

The good: Great-looking streaming shows and new interface elements make browsing through scenes easier.

The bad: The streaming library is only a fraction of the larger DVD library. You still can’t add to or change your DVD queue via the app.

The cost: Free

The bottom line: If you don’t mind the limited streaming library, the Netflix app is a great way to watch movies, and the new interface elements make it easier to use.

FIFA SOCCER 13

4.5 stars out of 5 (Outstanding)

The good: Not only the best soccer game, but the best sports game on an iOS device. New skill moves are easier to pull off, making them integral to the game. Precise controls and fast-paced action make for excellent gameplay.

The bad: Skill levels still feel too far apart. Poor camera selections make playing on an iPhone difficult, with very small players forcing you to bring your iPhone much closer than you’d like.

The cost: $6.99

The bottom line: If you want a great soccer game for iOS, FIFA 13 hits the mark on almost every level. With tons of teams, new skill moves, and online multiplayer, this is the sports game to beat on iOS.

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‘His smile was larger than life’

Andrea Peyser

IN NEWTOWN, CONN.

He looked as if he was asleep.

I thank God for that.

Jack Armistead Pinto, a little boy with a big and important name, lay in a pure white casket, eyes shut as if in slumber. He wore a small, white-and-red Jersey bearing the No. 80, for Victor Cruz, his beloved New York Giants player. In each chubby fist was a small, gray stuffed whale, along with rosary beads from which hung a tiny metal crucifix.

He cannot be gone.

If Jack had the chance to grow into a man, the small boy with the infectious grin and enormous personality might have played for the Giants one day. For Jack was a nimble and talented athlete, even at a tender age, said Wally, the dad of his best friend, J.J.

We’ll never know.

Jack was 6 when he died.

Crushing grief so great it threatened to swallow this small town washed up on the Honan Funeral Home yesterday, where hundreds of people lined up for hours to say goodbye to Jack. A child who never had a chance.

It was up to Jack’s father, Dean, to comfort the many mourners who hugged him, wordlessly, and wept into the arms of Jack’s mom, Tricia.

“Just think of our baby boy, Jack,” said Dean, tears staining his face.

“Just think of our baby boy.”

Jack’s was among the first of 26 funerals for those who died in this town, torn by senseless violence, ripped by unimaginable tragedy. Twenty of the dead are children, each just 6 or 7, who made the grievous mistake of coming to Sandy Hook Elementary on Friday.

The funeral home was adorned with flowers, letters and a white Teddy bear — along with many photos of little kids, their faces all asking an unanswerable question:

Why?

“Jack was one of Jesus’ lambs,’’ said Pastor Rob Morris of Christ the King Lutheran Church. “All of us are asking, ‘Where was God when this happened?’ ”

The pastor answered the question simply:

“He was with Jack.

“Today we weep together as Jesus wept when he was on this earth.’’

Pastor Morris’ voice broke with pain.

“He wept for everyone who went to Sandy Hook Elementary School. He wept for 20 children.

“He wept for Jack.”

But the pastor did not mention the name of the man who brought such unfathomable grief. No one, not one mourner or minister, not Jack’s grieving family, mentioned the name Adam Lanza.

This was a day to remember Jack.

A friend of the Pinto family, Mary, talked of Jack’s large personality. “From the moment Jack arrived in a room, he attracted all the attention,” she said.

He adored his big brother, Ben, too.

“He followed Ben anywhere. He was so proud you were his big brother,” said Mary.

J.J.’s dad added, “His smile was larger than life.”

The boys were inseparable.

“He and J.J. would run around the house like two wild animals,’’ Wally said. “We’d say, ‘Jack, would you like a hot dog?’

“ ‘Is J.J. having a hot dog?’ ”

“ ‘Jack, would you like to go swimming?’ ’’

“ ‘Is J.J. going swimming?’ ”

Jack was an avid wrestler at school. He once told the coach he lost a tooth, and the coach took it. Jack immediately went back to wrestle.

Eventually, his mom asked where his tooth was.

“Coach has it.”

“Now, when someone loses a tooth,” said Wally, “they call it a Pinto Break.”

Mourners’ laughter got mixed up with their tears. They celebrated a boy whom Wally called “a real ego booster.” The kind of kid who always told others, “Good job!” — whether or not they deserved it.

“Jack is a model for all of us, young and old,” Wally said.

My heart is breaking.

Jack Pinto was precious. Kind, strong and brave, he was a bright light, taken too soon.

This town will never get over his loss.

andrea.peyser@nypost.com

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Miami-Dade court program helps young inmates change their lives

It was a graduation without pomp and circumstance.

There was marching in combat boots. No gowns.

The remarks by Miami-Dade Circuit Judge Beth Bloom were full of the hallmarks common at any graduation. She spoke of goals and achievement and of the opportunity.

But were it not for the “I’m Ready” program, many of Monday’s graduates would not be anticipating their release from jail in a few short weeks.

The 13 young men in “I’m Ready’s’’ inaugural class had already been convicted of some crime and sentenced to boot camp. But each had some medical or psychological problem that made him ineligible.

Take, for example 20-year-old Franklin Robinson. After being sentenced to boot camp after he violated his probation, Robinson underwent several tests, including an EKG that showed there was difficulty pumping blood to his heart. That prevented him from being admitted to boot camp and could have meant him ending up back in jail with the general population.

Instead, he ended up at the six-month “I’m Ready’’ program, which offers youths ages 14-24 education and services. They undergo behavior modification, life skills, job training, counseling and treatment.

The day begins at 5 a.m. A routine of schooling and vocational training in automotive technology or carpentry carries them through until about 8 p.m.

“I’m Ready” participants are housed in a separate unit to accommodate program activities rather than with the general jail population. They are referred to as “students,’’ not “inmates.’’

“There is a reason why boot camp is able to reduce recidivism,” Bloom said. “It sets the tone that they are there to learn.”

It’s not so different from boot camp, said Officer Cathy Harpp, who oversees the program.

“You can’t do pushups, but you can clean the floor and the toilet bowl with a toothbrush,” Harpp said.

The hardest part was getting them to be receptive to change and adapt to the new rules, Harpp said.

“Once they knew I was not going to let up, eventually, they cave in,” she said. “Here, they’re accountable for everything.”

The idea for the program came to Bloom after she oversaw the case of an insulin dependent diabetic with a 10th-grade education.

After he was deemed unfit for boot camp because of his health condition, Bloom wanted to know what would happen to him.

Young offenders like him would have been incarcerated with the general population of inmates, where there would be no access to training and no structure.

“I’ve seen far too many youth return to the criminal justice system,” Bloom said Monday at the program’s first graduation ceremony. “All of you have met your goal. The community needs you to be the different persons that you are.”

The group of 13 will be released Dec. 28. Twenty-two new students will replace them in January.

Before the new graduates students left the room in a final marching formation, Harpp offered one lasting piece of advice: “This is where the difference begins.”

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How to turn an old Kindle Fire into a Nexus 7 with Android 4.2.1 Jelly Bean [video]

Title Post: How to turn an old Kindle Fire into a Nexus 7 with Android 4.2.1 Jelly Bean [video]
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YouTube Announces Top 10 Videos of 2012

YouTube has just released their top 10 videos of 2012 along with one dazzling video bound to become a viral sensation in its own right.

Watch the clip to see the Rewind YouTube Style video featuring the website's biggest stars acting out a parody of Gangnam Style and Call Me Maybe. The video was shot at the new YouTube Space in Los Angeles, a place for YouTube creators to come learn, collaborate, and create great content to put up on their YouTube channels.

Check out the list of 2012's greatest YouTube moments below:

1) PSY - Gangnam Style: The Korean pop music video that surprised the world is set to hit 1 billion views and has become the most viewed video of all time in just six months.

2) Walk off the Earth: This is the most-viewed cover song of 2012, attracting 140 million views this year.

3) KONY 2012: This video contained a call to action and collected 31 million views in a single day -- the most views ever for a YouTube video.

4) Call Me Maybe - Bieber, Gomez, Pena: This video, covering the song of the summer, kicked off a trend of lip sync videos that spanned from the Harvard baseball team and celebs to Olympians.

5) Epic Rap Battles - Obama vs. Romney: This episode featured well-known Obama impersonator Alphacat, and is one of the better known instances of the 2012 trend of Obama and Romney videos.

6) Dramatic Surprise: This video, featuring a mysterious sign in the middle of a Flemish square, brought in 25 million views in its first week.

7) Why You Asking All Them Questions: Comedian Emmanuel Hudson's popularity exploded this year partly from this video that garnered 39 million views -- almost half of which came from mobile devices.

8) Lindsey Stirling: Lindsey's trademark dubstep violin styles created a lot of buzz this year -- especially in the U.S., Germany and Poland. This video, which was shot by Lindsey's fellow YouTube creator Devin Graham, has over 500,000 likes and 100,000 comments.

9) Facebook Parenting: This video taught us not to mess with Dad. Bringing in 11 million views in one day, this video was the catalyst for an international discussion about parenting and Facebook.

10) Stratos Highlights: This live stream of Felix Baumgartner's free-fall from 128,000 feet shattered previous live stream records with 8 million concurrent views.

Visit youtube.com/rewind for more.

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American Airlines adds new agreements, flights in South America

In a nod to the importance of Latin America for its business, American Airlines on Monday announced new codeshare agreements with airlines in the region as well as new routes.

American has agreed to codeshare with TAM Airlines, based in Sao Paulo, and LAN Colombia, both part of LATAM Airlines Group.

The airline also said that it will add new routes in late 2013 between Miami and two destinations in Brazil: Curitiba and Porto Alegre. American also plans to add service between Dallas/Fort Worth and Bogota late next year.

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‘Chokers’ wild!

Now they’ve both been acquitted of throttling transsexuals.

Kinky FDNY hunk Taylor Murphy, who successfully fought off felony strangulation charges brought by his jealous, blond, pre-op transsexual ex-girlfriend, is now dating another woman wannabe with a far more serious strangulation on her rap sheet.

Brunette pre-op transsexual Wanda Batista, 32, was all smiling and supportive of Murphy as she walked arm-in-arm with him at Manhattan Supreme Court last week, batting her eyelashes and calling him her “giant teddy bear.”

But in December 2004, the towering Batista was tried on charges she had fatally choked her transsexual pimp — and in a bizarre karmic twist, Batista was acquitted by a Brooklyn jury, just as her beefy fireman would be in Manhattan eight years later.

Steven Hirsch

NICE PAIR: Taylor Murphy, cleared of choking one transsexual lover, leaves court with another, Wanda Batista, who was acquitted of a strangle slay.

“The motive was money,” a law-enforcement source told The Post of the 2004 case. “They went there to rob her and ended up killing her,” the source said of victim Paola Matos, 31, a post-op transsexual who was found dead in the bedroom of her Bay Ridge apartment brothel.

“Police believed she was the killer — just the jury didn’t believe it,” the source said of Batista, who was a 24-year-old admitted prostitute at the time she was charged with choking Matos with her hands in a dispute over $4,000 Batista had allegedly made turning tricks but had failed to turn over to the doomed madam.

Batista — whose first name then was Fernando — fled to Puerto Rico after the killing, but was arrested there and brought back for trial, the source said. Jurors acquitted her of murder but hung on a charge of manslaughter. The case was not retried.

Last week, in the audience at her hunky hose-handler’s own choking trial — he was acquitted of the nonfatal assault against Claudia Charriez, 31 — Batista turned ashen, then waved her hand dismissively when asked by a reporter about her old strangulation rap.

Batista — who, like Charriez, has an active escort ad online, hers under the name Vanity Bucci — declined to comment.

Murphy was acquitted Thursday of choking Charriez in their Midtown hotel-room bed, but convicted of felony criminal contempt for contacting her in more than 1,000 phone calls, texts and e-mails, in violation of an order of protection.

He is due to be sentenced Feb. 20 by Manhattan Supreme Court Justice A. Kirke Bartley, and faces anywhere from no jail time to four years in prison.

dauer@nypost.com

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Sperm whale dies off Pompano Beach coast

The carcass of a 40-foot sperm whale that apparently died as it neared the shore off of Pompano Beach on Sunday afternoon later drifted back out to sea, ending a drama that had drawn the attention of beachgoers and scientists alike.

The whale was spotted about noon offshore near the 600 block of North Ocean Boulevard, according to the Broward Sheriff’s Office.

Read the full story at Sun-Sentinel.com.

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iPad shipments could reach 100 million in 2013

Apple (AAPL) sold 42.8 million iPad tablets into channels through the first three quarters of 2012 and the most recent estimates suggest the company could ship 26 million more iPads during the holiday quarter. If Apple does manage to hit that record, total iPad shipments on the year would reach 68.8 million units. As impressive as that would be, however, DisplaySearch analyst David Hsieh thinks 2013 iPad sales could climb as high as 100 million units as iPad mini demand explodes.

[More from BGR: Has the iPhone peaked? Apple’s iPhone 4S seen outselling iPhone 5]

In 2012, Hsieh estimates that 9.7-inch iPad panel shipments — that is, shipments of iPad displays from suppliers to Apple’s manufacturing partners —  will have totaled 70 million units, including 23 million iPad 2 displays and 47 million third- and fourth-generation iPad panels. He also believes Apple’s suppliers will ship 13.6 million iPad mini displays by the end of the year.

[More from BGR: Sony’s PlayStation 4 could lose to the next Xbox before it’s even released]

Next year, however, the analyst sees Apple hitting a major milestone.

“In 2013, it is likely that Apple will adjust its product portfolio to meet the strong demand for the iPad mini,” Hsieh wrote in a post on DisplaySearch’s blog. ”We believe that Apple is targeting total iPad shipments of 100 million in 2013, half accounted for by the iPad mini, and 40 million new iPad and 10 million iPad 2, as production continues at least until the middle of 2013.”

DisplaySearch estimates that more than 170 million tablets will ship in 2013 and Apple’s iPad will account for 60% of the market.

This article was originally published by BGR

Gadgets News Headlines – Yahoo! News

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Five years after the recession, a slow recovery plods on

Five years ago this month, the Great Recession began. Which leads to this question: How much longer until South Florida can erase the damage?

Officially, the recession ended in June 2009. According to the National Bureau of Economic Research, the national economy began contracting in December 2007 and did not grow again for 19 months. Using taxable sales figures, it’s probably safe to say South Florida experienced a longer downturn. Overall spending contracted for the first time in South Florida in March 2007 and didn’t post a year-over-year gain until February 2010.

“Miami was at the forefront of the housing boom and bust,’’ said Karl Kuykendall, an economist who follows South Florida for IHS Global Insight. “It’s no surprise Miami was early into the recession and somewhat late coming out.”

But whatever the actual duration of the downturn, it doesn’t take much math to realize the economy still feels shaky. South Florida lost its first net job in more than two years in October, when a tiny decline of 300 payroll slots interrupted 26 months of consistent expansion. The upcoming November report out Friday will show whether the losing streak continues.

And while unemployment is off near-record highs set in April 2010, more than 180,000 South Floridians were listed as officially out of work in the last count. That’s almost 90 percent more than the 98,000 people listed as out of work in the first month of the recession.

Tourism posted an early recovery, particularly in Miami-Dade, where foreign visitors helped hotels shake-off a sharp drop in U.S. vacationers and business travelers. But the recession lingers in Broward’s tourism industry, which is just now retiring past records.

Housing suffered the most dramatic crash throughout the recession and was also the last of the major indicators to begin its recovery. The Case-Shiller real estate index pegs May 2006 as the peak of the bubble in South Florida. Although each neighborhood is different, the average South Florida house worth $200,000 that month would have fallen down to $97,600 by the time the market hit bottom just over a year ago, in November 2011.

Values have recovered 9 percent since then, meaning the same house should be worth just over $105,0000. That’s a loss of 47 percent over six years.

Recovering from that kind of crash takes time, and five years clearly isn’t enough. To give a hint of the progress underway, Business Monday checked into businesses and residents on the frontlines of the recovery. The reports follow:

Housing

After fending off a foreclosure and battling to get out from under an onerous option ARM mortgage, Marie and Wilson Destin recently worked out a loan modification on their 4-bedroom, 2-bathroom house near Miami Lakes.

With the help of Neighborhood Housing Services of South Florida, a nonprofit agency that helps people navigate the Byzantine home financing landscape, the Destins cut their monthly mortgage payment to $1,500 from $1,900 under a new fixed-rate loan.

In 2006, when the housing market was booming, the Haitian-American couple had taken out an option ARM loan on the property, which they had owned for several years.

“Somebody came to the house and approached me with an option ARM loan,’’ said Wilson Destin. “They said I would pay less.’’

The option ARM — which has triggered financial woes for thousands of homeowners during the downturn — allowed for flexible payments and negative amortization, practically encouraging people to defer payments.

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Beloved daughter, taken by a monster

Andrea Peyser

IN NEWTON, CONN.

Her eyes. I’ll remember those beautiful eyes as long as I breathe.

Like practically every little girl, Emilie Parker loved pink. She adored rainbows and ribbons and fishing with her daddy in the river running behind their house.

But mostly, she enjoyed doting and fussing over her two little sisters, Samantha and Madeline, who came into the world, improbably, after Emilie’s birth.

Kind and wise beyond her years, with gorgeous, long, blond hair, Emilie was like a little mommy, a close family friend told me. Yet it’s Emilie’s blue eyes, so full of joy and wonder and excitement, that will haunt me until I leave this earth.

AP

TORN APART: Alissa and Robbie Parker with daughters Samantha, Madeline and Emilie (far right).

AP

The grieving parents in shock after the massacre that left Emilie dead.

Those eyes look up at you from the side of her father, Robbie, on a Facebook page created by friends Brad Schultz and Alan Prothero. Those eyes gaze happily on her little sisters.

It’s hard to believe she is gone. For Emilie was among the littlest victims of madman Adam Lanza.

On Friday morning, Lanza, 20, shot his mother in the face, killing her in their house. He drove her car to Sandy Hook Elementary School, arriving as Emilie’s class was just settling down,

Clad in black, Lanza forced his way into the school, State Police Lt. Paul Vance revealed yesterday. He killed the principal and a staffer.

Then he strolled into the little girl’s classroom, taking aim with his mom’s guns at the small, vulnerable pupils.

And he opened fire.

When he was done, 20 children were dead, along with six adults. Plus one crazed gunman.

Before she could enjoy Christmas, or again smell the fish she so loved catching, Emilie died.

She was 6 years old.

Near Emilie’s classroom, another drama was playing out. First-grade teacher Kaitlin Roig heard the gunshots, saw the blood. She knew what was coming.

She stuffed her students into a tiny bathroom and told them to be quiet. Then she said something she’d never before uttered to her young charges.

She told them, “I love you so much.’’

Roig started to cry at the memory.

“I thought we were all going to die,” she told ABC.

“I wanted it to be the last thing they heard — not gunfire in the hall.”

But Roig’s kids didn’t die. Others were not so lucky.

Emilie’s parents, Robbie and Alissa Parker, tried for a long while to have children. “Finally, they were blessed’’ with Emilie, family friend Brooke Prothero told me. Two baby girls followed.

The Parkers had moved to Connecticut from Utah more than a year ago so Robbie could study to be a physician’s assistant.

On the day of the shooting, like so many parents, the Parkers were frantic. They waited all day for word. None came.

Brooke’s husband, Alan, received texts in Utah. “We can’t find her. We still can’t find her.”

Finally, two minutes before 3 p.m., word came. Emilie had died. Her parents already knew.

Yesterday, the Parkers were still waiting. Waiting for Emilie’s tiny remains. Waiting to find out how she died. Please, God, let it have been quick.

They also needed to figure out how to explain to two little sisters that Emilie was never coming home.

“Robbie is a fine man,” said Alan Prothero. “He’s a good father. An educated individual. He believes in God. Right now, he has the weight of the world on his shoulders.”

As for Alissa, “She’s a mom who just lost her baby. There’s not much to say.’’

In Sandy Hook, people wait for healing that may never come.

Parents, hug your children extra tight. The monsters are real.

apeyser@nypost.com

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7-year-old in critical condition after accident

Police were investigating an accident involving a 7-year-old who was struck by a vehicle in a Lauderhill neighborhood late Saturday, Lauderhill Police spokesman Rick Rocco said.

The vehicle and its driver, who has not yet been identified, remained on scene after the incident near the intersection of Northwest 27th Court and 56th Avenue.

The child was transported to Broward Health Medical Center in critical condition immediately after the incident, police said.

Details of the accident were not immediately available.

This post will be updated as we receive more information.

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U.S. gun website sued for alleged ties to slayings

CHICAGO (Reuters) – A prominent U.S. gun control group on Wednesday sued a gun auction website it says is linked to a mass shooting at a Wisconsin spa in October and the stalker slaying of a woman near Chicago in 2011.

The Brady Center to Prevent Gun Violence alleges that the design of armslist.com facilitates illegal online sales to unlawful gun buyers with no background checks, and enables users to evade laws that permit private sellers to sell guns only to residents of their own state.

“We as a nation are better than an anonymous Internet gun market where killers and criminals can easily get guns,” said Jonathan Lowy, the Brady Center’s Legal Action Project Director, in a statement.

The wrongful death lawsuit was filed in Cook County Circuit Court on behalf of the family of Jitka Vesel, 36, an immigrant from the Czech Republic who was shot and killed last year by Demetry Smirnov, a stalker.

The suit, which the Brady Center says is the first of its kind, alleges that Smirnov illegally bought the gun from a private seller he located through armslist.com.

Vesel was killed in the parking lot of the Chicago-area Czechoslovak Heritage Museum, where she was a volunteer preparing for a celebration in memory of Czech-American Chicago Mayor Anton Cermak.

Cermak was slain with a handgun during an attempted assassination of President Franklin D. Roosevelt in 1933.

A representative for website owner Armslist, LLC was not immediately available for comment. The company is based in Noble, Oklahoma, according to public records.

The website includes a “terms of use” page on which users must promise they are age 18 or older and will not use the site for illegal purposes.

The Brady Center said that the case does not infringe on the Second Amendment right to bear arms, noting that 74 percent of National Rifle Association members believe that no guns should be sold without a criminal background check.

A representative for the NRA was not immediately available for comment.

Radcliffe Haughton, who killed his estranged wife and two other women and wounded four others before killing himself in a shooting in a Milwaukee suburb on October 21, also got his weapon through armslist.com, according to Wisconsin officials.

Haughton, who was under a restraining order for domestic violence, avoided a background check through a “lethal loophole” by buying a gun through the website, according to a letter to Armslist sent by Milwaukee Mayor Tom Barrett and Wisconsin U.S. Representative Gwen Moore on October 26.

Sales conducted over the Internet also have been linked to mass killings at Virginia Tech and Northern Illinois University. In 1999 eBay announced it was prohibiting online gun sales, according to the Brady Center lawsuit.

Craigslist did the same in 2007. Amazon.com and Google AdWords also prohibits the listing of firearms for sale, the suit says.

An undercover investigation of online gun sales by New York City last year found that 62 percent of private gun sellers agreed to sell a firearm to a buyer who said he probably could not pass a background check.

(Reporting By Mary Wisniewski; Editing by Greg McCune and Xavier Briand)

Internet News Headlines – Yahoo! News

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Riveting Details Emerge from CT School Rampage

As morning turned to afternoon on Friday, further details continued to emerge from Newtown, CT, a tight-knit community shaken by a massacre at Sandy Hook Elementary School that took the lives of innocent students and teachers, in addition to the gunman, reportedly identified as Adam Lanza.

RELATED: President Fights Tears as He Addresses Nation

As President Barack Obama touched on in his tear-jerking press conference, this is not the first time the nation has witnessed a tragedy of this kind. The recent mass shooting at an Aurora, CO movie theater is just one instance of such violence. Columbine High School and Virginia Tech also resonate as prime examples.

Hollywood's biggest stars were quick to react to the news on Twitter and made an outcry for stricter gun control regulations.

Watch the video for ET's complete coverage of today's biggest headline.

RELATED: Celebs Tweet Reactions to CT School Shooting

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Miami in spotlight at AVCC, other entrepreneurship events

Entrepreneurs from around the world took the stage during this packed week of entrepreneurship events in Miami: Florida International University’s Americas Venture Capital Conference (known as AVCC), HackDay, Wayra’s Global DemoDay and Endeavor’s International Selection Panel.

The events, all part of the first Innovate MIA week, also put the spotlight on Miami as it continues to try to develop into a technology hub for the Americas.

“While I like art, I absolutely love what is happening today... The time has come to become a tech hub in Miami,” said Miami-Dade Mayor Carlos A. Gimenez, who kicked off the venture capital conference on Thursday. He told the audience of 450 investors and entrepreneurs about the county’s $1 million investment in the Launch Pad Tech Accelerator in downtown Miami.

“I have no doubt that this gathering today will produce new ideas and new business ventures that will put our community on a fast track to becoming a center for innovative, tech-driven entrepreneurship,” Gimenez said.

Brad Feld, an early-stage investor and a founder of TechStars, cautioned that won’t happen overnight. Building a startup community can take five, 10, even 15 years, and those leading the effort, who should be entrepreneurs themselves, need to take the long-term view, he told the audience via video. “You can create very powerful entrepreneurial ecosystems in any city... I’ve spent some time in Miami, I think you are off to a great start.”

Throughout the two-day AVCC at the JW Brickell Marriott, as well as the Endeavor and Wayra events, entrepreneurs from around the world pitched their companies, hoping to persuade investors to part with some of their green.

And in some cases, the entrepreneurs could win money, too. During the venture capital conference, 29 companies —including eight from South Florida such as itMD, which connects doctors, patients and imaging facilities to facilitate easy access of records — competed for more than $50,000 in cash and prizes through short “elevator’’ pitches. Each took questions from the judges, then demoed their products or services in the conference “Hot Zone,” a room adjoining the ballroom. Some companies like oLyfe, a platform to organize what people share online, are hoping to raise funds for expansion into Latin America. Others like Ideame, a trilingual crowdfunding platform, were laser focused on pan-Latin American opportunities.

Winning the grand prize of $15,000 in cash and art was Trapezoid Digital Security of Miami, which provides hardware-based security solutions for enterprise and cloud environments. Fotopigeon of Tampa, a photo-sharing and printing service targeting the military and prison niches, scored two prizes.

The conference offered opportunities to hear formal presentations on current trends — among them the surge of start-ups in Brazil; the importance of mobile apps and overheated company valuations — and informal opportunities to connect with fellow entrepreneurs.

Speakers included Gaston Legorburu of SapientNitro, Albert Santalo of CareCloud and Juan Diego Calle of .Co Internet, all South Florida entrepreneurs. Jerry Haar, executive director of FIU’s Pino Global Entrepreneurship Center, which produced the conference with a host of sponsors, said the organizers worked hard to make the conference relevant to both the local and Latin American audience, with panels on funding and recruiting for startups, for instance.

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