Amid tragedy, we can still find peace

Dear Friends and Neighbors:

By now, we have kind of wrapped our heads around the tragedy that happened in Newtown on Dec. 14. I say, "kind of," because I am still finding it hard not to tear up when I think about the victims, and also the family of the person who did the shooting.

That this happened at a time when the world is celebrating the birth of the Prince of Peace, is terribly ironic. Still, my message to you is that we still can find space in our hearts for peace and joy and love, in spite of our loss, by having a forgiving spirit.

The 20 little angels who were taken away so suddenly and violently will never be forgotten. At this time of the year for the rest of our lives, we will remember their smiling little faces and the teachers who so bravely gave their lives to protect the children placed in their care.

So, even at this time, when the Christmas lights seem a little dimmer and the laughter of children seems a bit strained, let us remember that this is still a season of peace, and thank God for all the years that the victims brought laughter and joy to their families and loved ones.

May you find peace during this season and throughout the New Year.

Historic homes tour

On a happy note: On Saturday the Miami Springs Historical Society will have it annual tour of homes, starting at 6 p.m.

At this time of the year, Miami Springs hosts and hostesses open their lovely homes to the community in the true spirit of the holidays.

Visitors will experience what makes the homes unique and special, whether it be its rich history, the lovely decor, or the festive holiday atmosphere. The tour will end in a festive holiday party with food and drink at the home of Dr. Karen Williams and Ken Amendola, at 454 Hunting Lodge Dr. in Miami Springs.

For more information call Tom Snook, president of the Miami Springs Historical Society and Museum at 305-805-3321.

Pioneer lunch

Florida’s maritime history will be the topic of discussion at the Bea Peskoe Lunchtime Lecture series at noon, Jan. 7, at the First National Bank of South Florida’s third floor Pioneer Room, 1550 N. Krome Ave. in Homestead.

The speaker will be Ray Stewart, Florida maritime historian and enthusiast, who believes that Floridians survive, profit and die because of the sea, His extensive maritime experience began with his boating family’s home on the New England shore. He served in the U.S. Coast Guard based in Key West. One of his career highlights was rescuing crews off freighters in the North Atlantic.

Because of his upbringing and his Coast Guard experience, Stewart has a love of all things nautical, especially for the nation’s maritime service. He visits and photographs lighthouses all around the nation and has been a U.S. Power Squadron member since 1953.

The lecture is free. But an optional simple lunch will be available for $10 starting at 11:30 a.m. by reservations only. To make lunch reservations, call Barbara at 305-230-9185, before 2 p.m. on Jan. 4. Handicapped access is available and parking on the bank lot is free.

Oz Sing-A-Long

Here’s one for you diehard Wizard of Oz fans: the Miami Shores Fine Arts Commission and O Cinema Miami Shores and the Miami Theater Center will present "Sing-A-Long Wizard of Oz" at 7 p.m. on Jan. 4, at the Miami Theater Center, 9806 NE Second Ave. in Miami Shores.

If you go, the cost is only $5 per person and you are asked to dress "dress up your munchkins, click your ruby slippers and fly away ... for a boisterous Sing-A-Long.’’

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2 bombers target mobile phone firms in Nigeria

KANO, Nigeria (AP) — Authorities blame a radical Islamist sect for twin suicide car bombings targeting two major mobile phone companies, an official said Saturday, blacking out a top operator’s network in most of Nigeria‘s northern commercial hub.

A suicide bomber drove an explosive-laden car into the facilities of the Nigerian subsidiary of Bharti Airtel Ltd. of India at about 8 a.m. in the city of Kano, said Capt. Iweha Ikedichi, who speaks for a special taskforce deployed in Kano to reduce the threat of the Islamic rebels known as Boko Haram. The attack left an Airtel worker injured, authorities said. It also damaged a switch station, said James Eze, an Airtel spokesman. He said the company was still assessing how bad the damage was, but declined to comment further.

Switch stations control the regional mobile phone network and if they are seriously damaged, the entire network could go down. An Airtel staff who spoke on condition of anonymity because he is not authorized to speak to the press said the targeted switch station covered six northern states, including Kano. But while Airtel’s network appeared to be down across Kano Sunday, calls to lines in some of the other states went through.

At about the same time as the Airtel attack, another bomber targeted the facilities of the Nigerian subsidiary of South Africa-based MTN Group Ltd., about two miles (three kilometers) away. That attack was botched by security officers who shot the bomber, causing an explosion at the company’s gate, Ikedichi said.

The target of the foiled attack was MTN’s switch station, said Funmilayo Omogbenigun, spokeswoman for Nigeria’s largest cell phone network provider.

Authorities suspect the Boko Haram sect is behind the attacks. The group is held responsible for more than 770 deaths this year alone, according to figures compiled by The Associated Press. Boko Haram’s campaign of bombings and shootings has targeted mosques, churches, schools, universities and government buildings. But, four months ago, the group broadened its scope by attacking mobile phone towers for the first time.

In September, a series of attacks damaged more than 31 towers operated by all the major mobile phone providers in the country. Other attacks have occurred since then, further straining the one link Nigeria relies on for communication in a country with very few landlines. While no one claimed responsibility for the attacks, the Islamist sect had threatened mobile phone companies earlier in the year, warning that they would be targeted for cooperating with the government to flush out its members.

In Nigeria, Africa’s most populous country with more than 160 million people, mobile phones serve as a valuable lifeline in both cities and rural communities. Landlines remain almost nonexistent, as the state-run telephone company has collapsed and repeated efforts to privatize it have failed. More 87 million mobile phone lines were in use in 2009, according to estimates.

“Never would we have expected that telecommunications could be targeted,” said Damien Udeh, a spokesman for the Association of Licensed Telecommunications Operators of Nigeria. “It portends a dangerous situation for everybody, especially government.”

___

Associated Press writer Yinka Ibukun contributed to this report from Lagos, Nigeria

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Staten Island man killed in early-morning house fire

A Staten Island man was killed when an early-morning fire swept through his home, police and relatives said.

Jameek Champagne, 23, died in the third-floor attic of the home on Osgood Avenue in Clifton. His brother and grandfather escaped the blaze uninjured.

A neighbor reported the blaze after seeing flames erupt from the house at about 5:40 a.m. He banged on the door in a frantic effort to awaken its residents.

The fire was extinguished about an hour after it started, according to an FDNY spokesman. Fire marshals are investigating what caused it.

About ten cars full of grief-stricken relatives and friends came to the scene to mourn Champagne. His devastated girlfriend said that the two had a newborn girl and a 1-year-old boy.

G.N.Miller/New York Post

The Staten Island house after it was damaged by the fire

“We’re just trying to find out how this happened,” Champagne's uncle said, weeping.

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Time’s up for holiday shopping procrastinators

Last minute shoppers like Josette Tyne are in luck this year.

With a long weekend before Christmas, retailers want to make it easier for procrastinators to finish their gift buying. Macy’s for the first time is keeping all its stores open around the clock from Friday until Sunday at midnight. Toys “R” Us and Walmart Supercenters will be open non-stop until Christmas Eve.

Even those retailers skipping the all nighter still have added extended hours often as late as 11 pm or midnight. Coupled with a flurry of last minute promotions, they hope to lure shoppers, many of whom have been largely sitting on the sidelines since Black Friday.

Tyne, 33, just starting her shopping this week at Aventura Mall, armed with a list of about two dozen people and the presents they wanted. The list would have been longer if the Fort Lauderdale resident hadn’t limited it to the kids in her family.

“I’ll probably be shopping every day from now till Sunday,” said Tyne, as she wheeled the youngest of her three boys around H&M in a stroller before heading on to Game Stop, Urban Outfitters and BCBG. “Whatever catches my eye. Luckily the kids usually like everything I get. I’m the awesome Auntie.”

A Consumer Reports Poll released earlier this week found that with just five shopping days left until Christmas, a whopping 68 percent of shoppers — a projected 132 million Americans — have yet to finish their holiday shopping.

With an early Thanksgiving leaving an extra week until Christmas and a long weekend before Tuesday’s holiday, shoppers have felt little need to rush. They also haven’t found December deals to be quite as compelling as the November sales.

Based on disappointing sales trends earlier this month, ShopperTrak said Wednesday it was cutting its holiday sales forecast. The company, which counts foot traffic and its own proprietary sales numbers from 40,000 retail outlets across the country, now expects a 2.5 percent sales increase to $257.7 billion, down from the 3.3 percent growth it initially predicted. The National Retail Federation is sticking with its prediction of a 4.1 percent sales increase.

Online sales trends are more encouraging, up 13 percent to $35 billion from Nov. 1 through Dec. 16, according to comScore, an online research firm. But that pace is below the forecast of 17 percent for the season.

“It’s coming down to the wire,” said David Bassuk, managing director and co-head of the retail practice at AlixPartners, a global consulting firm. “It’s going to require retailers to be more aggressive with their promotions than they were hoping heading into the weekend.”

While the economy is certainly in a better position than it was during the recession, many consumers still feel uneasy this year about their financial future. Some are worried about the U.S. job market and others fear the stalemate between Congress and the White House over federal “fiscal cliff’’ that could lead to tax increases and less disposable income for shoppers.

That was the case for Latonya Jones, on the hunt for bargains at Aventura Mall, coupon-loaded iPad in hand.

“I wasn’t going to buy anything this year, because I wanted to save money,” said Jones, 39, of Miami Gardens, who was shopping with her daughter Richelle, 12, this week in Macy’s. “But then I changed my mind.”

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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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Guns in our households: protecting or killing us?

The Issue: America’s gun-control laws and the commercial availability of military-like weapons.

***

When our forefathers wrote our right to bear arms into the Constitution, the arms they referred to fired one bullet at a time and took a while to reload (“Adam Lanza’s Weapons,” Editorial, Dec. 18).

Our country was in its infancy and laws and civility were still being formed. In addition to personal protection, guns were used to hunt.

Protecting our constitutional rights is important, but common sense should prevail. The sale of these killing machines either legally or illegally needs to be addressed.

EPA

Anti-gun group Credo at Capitol Hill after Sandy Hook.

The need for anyone outside of the military or law enforcement to possess one is senseless.

Joseph Canevari

Lake Grove

We will use this horrific incident as a platform for a political argument, the resolution of which would, at best, be many months away.

We need immediate action to protect our children. Arguments won’t stop, God forbid, another murderer from firing bullets at our children.

An executive order that bypasses Congress banning everything from tanks to sling shots would not stop anyone from repeating this horrible incident.

It would be too logical to propose armed defense of schools. Let’s just engage in rhetoric for months on end and allow another Sandy Hook to take place, God please forbid.Barney Rinaldi

North Kingstown, RI

When the Second Amendment was written the modern weapon at that time, the musket, could fire maybe two rounds in one minute.

Now that we have weapons like the AR-15 that can fire over 400 rounds per minute, might it be time to stop hiding behind the right to bear arms and have a real discussion on gun control?Brian Rathjen

Rockville Centre

Schools are gun-free zones, which make them targets for the insane.

The only way to stop lunatics is trained, qualified citizens with concealed-carry permits afforded these rights on school grounds. The police will never arrive in time to end it, obviously.

Lou D’Agostino

Queens

We are seeing more of these large-scale shootings by sick individuals with easy access to firearms designed for warfare. It is past time for our leaders to take charge of this catastrophic situation and do something about it.

A ban on private ownership of automatic and semiautomatic weapons would be a good place to start. No one has any need to own weapons designed to kill so many people except police officers and the military.

The Second Amendment just does not apply anymore and needs to be changed or rescinded. We are not living in the 1700s. Wake up, America. Innocent people are needlessly dying.

Robin Wieder

East Rockaway

Once again, the rhetoric in the wake of another mass murder turns to political showmanship. In each one, the shooter is armed with military/law-enforcement grade weapons.

Why was a single suburban mother allowed to buy and own a Bushmaster and a Berretta?

Those weapons are designed and manufactured with one target in mind: people.

Peter Seymour

Pleasantville

I was crushed to read that the editors of The Post decided that it is they, and not the Constitution, who should decide what has “no legitimate place in American society.”

I look forward to the next editorial telling us that our government’s attempt to wipe out the Indians, slavery, and the Japanese internment weren’t really government tyranny, and we don’t ever have to worry that any of that will ever happen again.

John Dumary Jr.

Duanesburg

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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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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 feeling 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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North Korean Video Game Has Western Ties

Video games represent a true luxury for most North Koreans living in a country where even the elite have only hours of electricity each day. That has not stopped a Western company in the capital city of Pyonyang from creating what may be the first North Korean game widely available online.

The game, called “Pyongyang Racer,” is a simple Web browser game that allows players to drive a car around North Korea’s capitol city of Pyongyang, according to Beijing Cream. Players must avoid hitting cars and collect gasoline in the form of petrol barrels to keep their run going as long as possible — all while getting warnings from one of Pyongyang’s famously picturesque traffic girls.

“Pyongyang Racer” has an unusual development history as a video game. The North Korean programmers who made the game work for Nosotek, a Western company that describes itself as the “first western IT venture” in North Korea.

Nosotek’s North Korean programmers previously made mobile-phone games based on the Hollywood films “The Big Lebowski” and “Men in Black.” Those games ended up getting published through a subsidiary of Rupert Murdoch‘s News Corp (owner of Fox News), according to Bloomberg News.

Nosotek claims to have “attracted the cream of local talent as the only company in Pyongyang offering Western working conditions and Internet access.” That would likely be true in North Korea, given the nuclear-armed country’s pariah status among Western countries and businesses.

The Nosotek website also praises the advantages of working in North Korea because “IP secrecy and minimum employee churn rate are structurally guaranteed.” Translation: North Korean programmers would likely never leave Nosotek with the company’s intellectual property secrets because they have practically no other employment options.

Nosotek built the game for Koryo Tours, a company based in Beijing, China, to distribute “Pyongyang Racer” through the Koryo Tours website. Koryo Tours is currently the leading company that runs tours of secretive North Korea for Westerners and other foreigners.

“This game was developed in 2012 and is not intended to be a high-end technological wonder hit game of the 21st century, but more a fun race game (arcade style) where you drive around in Pyongyang and learn more about the sites and get a glimpse of Pyongyang,” Koryo Tours said on the game’s website.

This story was provided by TechNewsDaily, a sister site to LiveScience. You can follow TechNewsDaily Senior Writer Jeremy Hsu on Twitter @jeremyhsu. Follow TechNewsDaily on Twitter @TechNewsDaily, or on Facebook.

Copyright 2012 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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B’Berry users decline for first time, to 79M

Research in Motion shed BlackBerry users for the first time ever last quarter, the company reported yesterday.

The number of BlackBerry users dipped to 79 million in the three months ended Dec. 1 from 80 million the previous quarter, it said.

Despite losing an average of 11,000 users a day in the period, the Waterloo, Ont.0, company’s results topped analyst forecasts and it expanded its cash holdings, staying on stable footing ahead of the launch of new BlackBerry 10 devices early next year.

“RIM continued to execute on its product road map plans and to deliver on key financial metrics as it gets set for the global launch of BlackBerry 10,” Chief Executive Thorsten Heins said in a statement after the market closed.

RIM shares fell more than 8 percent in extended trading, to $12.95, after rising 3.6 percent during normal trading hours.

Wall Street has poured back into RIM’s stock in the past three months ahead of the launch its new phones, seeing a silver-lining of potential for the revamped platform.

In the past three months, RIM shares are up more than 100 percent — while the stock of rival Apple, which devastated the BlackBerry with its iPhone — are down more than 25 percent.

In the latest quarter, Wall Street expected a 32 cents loss per share, but RIM posted an adjusted loss of 22 cents compared with a profit of $265 million in the same period a year ago.

Without counting onetime costs related to restructuring, RIM posted a profit of $9 million in the latest quarter.

Revenue of $2.73 billion also topped analyst estimates of $2.7 billion.

RIM’s business has struggled to maintain customers who are leaving the BlackBerry’s for more advanced Apple and Google platforms.

Its subscriber base has held up better than most analysts expected, and only started seeing its first user losses this quarter, its last before launching its next-generation BlackBerry 10 phones.

Plus, RIM has not burned through money as it had in quarters past — increasing its cash $600 million this quarter to $2.9 billion.

“Looking forward to the launch of BB10, the more cash they have the better it is for them,” Neeraj Monga, an analyst with Veritas Investment Research, told Bloomberg.

gsloane@nypost.com

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John Fumagalli succeeds Sheldon Anderson at Northern Trust Florida

Northern Trust has named John Fumagalli President of Northern Trust in Florida. Fumagalli succeeds well-known banker Sheldon Anderson, who announced his retirement earlier this year.

A Northern Trust veteran, Fumagalli joined Northern Trust in Chicago in 1989. In the years since he was served as President and CEO of Northern Trust in Missouri, President and CEO for the Southwest Florida region and regional head of West Florida. In his new position, he oversees Northern Trust’s 22 offices across the state.

Anderson, who has served as Chairman and CEO of Northern Trust’s Southeast Region since 2009, will retire on December 31, 2012. He will continue in a new capacity as Chairman of Northern Trust’s Florida Advisory Board.

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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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Kodak in $525 million patent deal, eyes bankruptcy end

(Reuters) – Eastman Kodak Co agreed to sell its digital imaging patents for about $ 525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013.

The deal for the 1,100 patents allows Kodak to fulfill a condition for securing $ 830 million in financing.

The patent deal was reached with a consortium led by Intellectual Ventures and RPX Corp, and which includes some of the world’s biggest technology companies, which will license or acquire the patents.

Those companies are Adobe Systems Inc, Amazon.com Inc, Apple Inc, Facebook Inc, Fujifilm, Google Inc, Huawei Technologies Co Ltd, HTC Corp, Microsoft Corp, Research In Motion Ltd, Samsung Electronics Co Ltd and Shutterfly Inc, according to court documents.

Kodak still must sell its personalized and document-imaging businesses as part of the financing package, and also has to resolve its UK pension obligation.

Kodak said the patent deal puts it on a path to emerge from Chapter 11 in the first half of 2013.

“Our progress has accelerated over the past several weeks as we prepare to emerge as a strong, sustainable company,” said Antonio Perez, chairman and chief executive of the Rochester, New York-based company.

The patent portfolio was expected to be a major asset for Kodak when it filed for bankruptcy in January. An outside firm had estimated the patents could be worth as much as $ 2.6 billion.

Kodak’s patents hit the market as intellectual property values have soared and technology companies have plowed money into patent-related litigation.

For example, last year Nortel Networks sold 6,000 wireless patents in a bankruptcy auction for $ 4.5 billion and earlier this year Google spent $ 12.5 billion for patent-rich Motorola Mobility.

But Kodak’s patent auction dragged on beyond the initial expectation that it would be wrapped up in August. One patent specialist blamed those early, overly optimistic valuations, which he said encouraged Kodak’s team to set their sights too high.

“Unfortunately (Kodak management) was misled into thinking it was worth billions of dollars and it wasn’t,” said Alex Poltorak, chairman of General Patent Corp, a patent licensing firm. “I think they sold them at a very good price.”

He said after Google acquired Motorola, the search engine company no longer needed patents at any price, deflating the intellectual property market.

Kodak traces its roots to the 19th century and invented the handheld camera. But it has been unable to successfully shift to digital imaging.

It will likely be a different company when it exits bankruptcy, out of the consumer business and focused instead on providing products and services to the commercial imaging market.

The patent sale is subject to approval by the U.S. Bankruptcy Court in Manhattan.

The Kodak bankruptcy case is in Re: Eastman Kodak Co. et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-10202.

(Reporting by Tom Hals in Wilmington, Delaware and Sruthi Ramakrishnan in Bangalore; Editing by Nick Zieminski,; John Wallace and Peter Galloway)

Tech News Headlines – Yahoo! News

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Tappan Zee mystery

Nicole Gelinas

In the runup to Christmas, Gov. Cuomo just presented a great bargain for New York “shoppers”: The state Thruway Authority will build the new Tappan Zee Bridge by 2018 for $3.1 billion, plus $500 million to $800 million in a reserve for financing and unexpected costs — when the pricetag as recently as this summer was at least $5.3 billion.

But as with everything else in Albany, what could trip Cuomo up is where, when and how to get the cash.

The governor deserves huge credit for announcing this cost underrun — unusual even at this early stage for a mega-project. If (and only if) he sticks to time and budget, it could be a model for other projects in New York and around the country.

A bargain, but: The winning proposal for a new Tappan Zee Bridge carries a surprisingly cheap pricetag — but there’s still no cash to pay for it.

Why the savings?

Technical reasons, partly: A lighter structure made of steel, not concrete, will require less dredging and thus take less time (without costing more down the road).

And workers will assemble much of the steel off-site, allowing them to work longer hours without disrupting commutes and nearby residents’ sleep. That, too, saves time and money.

Plus, the governor got Albany to pass new legislation governing construction contracts. The winning contractors — American Bridge Co. and Fluor — will be financially responsible for constructing the project they’ve drawn up themselves.

That’s a departure from normal New York practice: Usually, one architectural firm produces a design, then the state hires other contractors to build the thing.

That disconnect can cause huge cost overruns. Just think: If the designers who came up with the “soaring” Calatrava PATH station downtown knew they actually had to build it, they’d have stuck to basics in their drawings.

(Of course, no contracting structure can completely control for government incompetence. If the governor decides to change the bridge specs halfway through, taxpayers would still have to pay for the overruns.)

Most important, though, is that Cuomo (unlike his three predecessors) made clear to everyone — Thruway honchos and bidders included — that he cares about getting the Tappan Zee done.

Putting political capital behind the project reduced the political risk that the bidders had to take — that is, the risk that he’d suddenly cancel it.

That encouraged three separate bidders to submit thoughtful proposals, without having to worry that they were wasting their money. Competition is (almost) always good for costs.

Good so far — so let’s see if it works on the ground.

Now the bad news: Behind the mockups of a shiny new bridge, there are already some seriously rusty finances.

Even at the low end, $3.6 billion is a lot of money. Assume the Thruway can borrow at around 4.5 percent for 30 years, and that the state gets a federal loan for the project. The debt then would cost about $200 million a year, plus a little extra to keep bond analysts happy.

But the Tappan Zee — with its current $4.75 round-trip toll — only takes in about $130 million a year. Yes, expenses may fall on the new bridge. Still, raking in close to $200 million more would require more than doubling the toll, bringing it to $11 or so.

So you’d think the governor would be easing some toll hikes in now, to build up some cash and avoid an abrupt hike. Instead, Cuomo said clearly over the summer that he doesn’t want bridge tolls going up much — and he didn’t say much at all on the subject this week.

In fact, on the rest of the Thruway system, the governor is going in the wrong direction. Monday, the Thruway announced “a new cost-saving plan that does not include any toll hike.”

Doing more for less, part of the governor’s plan, is fine. But a big reason the Thruway won’t hike tolls this year is that Cuomo has decided to give the public authority some money out of the general state budget.

The state will start reimbursing the Thruway for state-police costs as well as other operating costs, totaling $85 million a year. That’s not a real “savings,” though — it’s just hoping that taxpayers won’t notice the cost and scream, where tollpayers would have.

The governor’s stand on Tappan Zee tolls shows one thing: Nobody ever likes to raise tolls — and that probably won’t change in the next few years.

But we’re still waiting to see what legerdemain he’ll come up with to pay for the new Tappan Zee. Expect the financial engineering on the bridge to be far more complicated than the actual engineering.

Nicole Gelinas is a contributing editor to the Manhattan Institute’s
City Journal.

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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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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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Nielsen to buy Arbitron for about $1.26B

NEW YORK (AP) — Nielsen, the dominant source of TV ratings, on Tuesday said it had agreed to buy Arbitron for about $ 1.26 billion to expand into radio measurement.

Arbitron pays 70,000 people to carry around gadgets that register what stations they’re listening to. Since Nielsen also collects cash register data, CEO David Calhoun said buying Arbitron will let Nielsen be a one-stop shop for advertisers who want to know how the radio advertising they buy affects product sales.

The acquisition will let Nielsen expand the amount of media consumption it tracks by about 2 hours per person per day to 7 hours, Calhoun said in an interview.

“You don’t find many mediums that allow for that kind of increase,” Calhoun said.

Arbitron’s operations are mainly in the U.S., while Nielsen operates globally. Calhoun said another major driver for the deal is that Nielsen wants to spread Arbitron’s tracking technology to other countries.

Evercore Partners analyst Douglas Arthur said Nielsen doesn’t need traditional radio measurement to grow, but Arbitron seemed like a willing seller, and it will be a “nice complementary but not ‘must have’ platform.”

Nielsen Holdings N.V. said it will pay $ 48 per share, which is a 26 percent premium to Arbitron’s Monday closing price of $ 38.04. Shares of Arbitron, which is based in Columbia, Md., jumped $ 8.99, or 23.6 percent, to close at $ 47.03.

Nielsen, which went public in January 2011, has headquarters in the Netherlands and New York. Its stock added $ 1.30, or 4.4 percent, to close at $ 30.92.

Nielsen said it expects the deal to add about 13 cents per share to its adjusted earnings a year after closing and about 19 cents per share to adjusted earnings two years after closing.

Abitron’s chief operating officer, Sean Creamer, is set to take over as CEO from William Kerr on Jan. 1. Calhoun said he hoped Creamer would remain with Nielsen after the deal closes.

Nielsen said it has a financing commitment for the transaction.

Nielsen was the prime source of audience ratings in the early days of radio, thanks to a device similar to Arbitron’s People Meter. The Audimeter was attached to the radio set. The company’s focus shifted to TV measurement in the 1950s.

On Monday, Nielsen announced a deal with Twitter to measure how much U.S. TV watchers tweet about the shows they’re watching. The “Nielsen Twitter TV Rating” will debut in the fall.

Gadgets News Headlines – Yahoo! News

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The Voice Crowns a Winner

Cassadee Pope, Nicholas David and Terry McDermott sang their hearts out this season, but only one would take home the top prize Tuesday night on The Voice.

Following a star-studded live finale with special appearances by Smokey Robinson, Rihanna, The Killers, Avril Lavigne, Peter Frampton, Bruno Mars and Kelly Clarkson as well performances from contestants past, 23-year-old Cassadee Pope was crowned the winner of season three in the presence of the singer's friends and family.

Video: 'The Voice' Coaches Impersonate Each Other

"I'm feeling amazing. Thank you to everyone who voted for me," said a shell-shocked Pope after bringing in a second win for Team Blake. Last season, Shelton's mentee Jermaine Paul was also declared a winner.

Terry McDermott, 35, also of Team Blake, placed third and Nicholas David, 31, of Cee Lo Green's team took the third spot.

Video: 'The Voice' Pays Tribute to Sandy Hook Victims

Pope's big win brings her $100,000 and a record deal with Universal Music Group.

Season four will premiere next spring. Shakira and Usher will take a seat alongside Shelton and Levine in Christina Aguilera and Cee Lo Green's absence. Check out the very first promo here!

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A postal pickle

The Postal Service works efficiently delivering the mail (“Postal Dis-Service, Editorial, Nov. 24).

80 percent of the red ink results not from postal operations, but from a 2006 congressional mandate compelling the agency to pay billions of dollars a year to pre-fund retiree health benefits 75 years into the future. No other agency or company is required to do anything like that.

Using no taxpayer money, the Postal Service provides the world’s most affordable delivery service. It is the centerpiece of a $1.3 trillion national mailing industry with 7.5 million private-sector employees, including 598,349 New Yorkers. Its Saturday delivery is critical to New York’s hundreds of thousands of small businesses.

The Post touts privatization, but doesn’t mention that federal mail delivery derives from the Constitution. If Congress addresses the pre-funding fiasco, the Postal Service can do what it’s done for 200 years — adapt to an evolving society.

Fredric Rolando

President

National Association of

Letter Carriers

Washington, DC

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Stocking stuffers and last-minute gift ideas

In the portable electronic world, stocking stuffers are easy to find. Here are some for those last-minute holiday gifts on everyone’s list.

•  WATER-POWERED CLOCK: Aside from telling time, the eco-friendly Bedol Water Clock is a portable alarm that is also waterproof in the event you feel like standing in a rain storm or showering with it.

It’s battery-free so all you do to keep the clock running indefinitely is just fill it with water.

A natural chemical reaction between two of its internal metallic plates generates enough power to keep it running indefinitely.

Details: www.bedolwhatsnext.com $17

•  CHAT OR SCROLL: Logitech’s Apple-friendly Broadcaster Wi-Fi webcam is great for online chatting and its wireless functionality makes it a great companion as a second angled video camera beyond what your computer, iPhone or iPad’s camera will do.

The camera has an internal battery, which is charged via USB for 2 hours of life and has a built-in mono microphone along with a port to add an external mic.

Video is captured in HD 720p and can be moved to any angle since it’s wireless.

Logitech has designed the camera to let users press a button to switch to the camera, giving your chatting partner a different angle.

The Broadcaster ($199.99) works with Mac video applications including QuickTime, Photo Booth, iMovie, Final Cut Pro or chatting with FaceTime, iChat or Skype.

• Logitech also has a few cool high tech-looking Windows 8 friendly mice with the t400 and t620.

The Logitech Zone Touch Mouse t400 ($39) has the functionality of a traditional mouse along with a touch strip to support horizontal and vertical scrolling.

Just click on the top of the touch zone for instant access the Windows 8 Start Screen and clicking on the bottom of the touch zone will scroll you through all your open applications.

The Touch Mouse t620 ($49) features a full touch surface letting you scroll horizontally and vertically from anywhere on the mouse, and to access the Windows 8 start screen you just swipe the edges of the mouse.

Details: www.Logitech.com

•  EARBUDS WITH A MIC: iFrogz EarPollution Plugz with Mic noise isolating earbuds are as simple as they get and work just fine.

You get three sizes of ear pieces to get the right fit along with an in-line microphone for cellphone use and most any portable electronic device.

The sound is decent and it makes a great hands-free choice.

Details: www.iFrogz.com $9.99 — in a big selection of colors.

•  TRAVEL POWER: Bracketron’s Universal USB Travel Power Kit ($26) includes an Apple 30-pin and Micro USB connections 3-foot cable for charging just about any device on the go.

The cable can be connected to a computer or the included USB AC adapter for 2.1 Amp charging, which includes power hungry tablets.

A 12V car charging USB adapter is also included.

Bracketron’s MetalDock ($18.91) is a contemporary-looking charging dock for the iPhone 4/4S, built with heavy-duty metal construction resulting in a lightweight and portable design.

It connects to any USB port for charging/syncing with its embedded 3-foot cable and works in landscape or portrait modes.

A company representative has emailed me that Dec. 12-17 everything on the Bracketron site is 40 percent off.

Details: www.Bracketron.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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Hillary Clinton’s head fake

Secretary of State Hillary Clinton was set to face a grilling from Congress this week over the terrorist attacks in Benghazi when she started channeling the late poet Shel Silverstein.

“I have the measles and the mumps / A gash, a rash and purple bumps,” said Clinton, in effect, informing the House and Senate (with regrets!) that she was suffering too many maladies to testify as expected about the Sept. 11 attack in Libya.

America’s top diplomat was to provide her first public answers regarding the murder of US Ambassador Chris Stevens.

Now that won’t happen.

Hillary Clinton

Clinton’s story beggars belief: While traveling in Europe, she contracted a stomach virus . . . which made her dehydrated . . . which made her faint at home . . . which caused her to fall and hit her head . . . which gave her a nasty concussion.

So Clinton’s deputies will appear in her stead before the House Foreign Affairs Committee and the Senate Foreign Relations Committee on Thursday to explain the State Department’s failures.

That is not nearly enough.

We’ve chided the Obama administration in the past for its lack of transparency — but this looks like one of the most transparent dodges in the history of diplomacy.

And if Congress allows the secretary of state to wriggle free from scrutiny in the last days of her tenure (she may be gone from Foggy Bottom before the next round of congressional hearings in 2013), it will be a shame on that body as well.

So it’s clear that Clinton needs to testify.

And the Republicans, at least, seem to realize it.

“We still don’t have information from the Obama administration on what went so tragically wrong in Benghazi that resulted in the deaths of four patriotic Americans,” said Rep. Ileana Ros-Lehtinen, who chairs the Foreign Affairs Committee, when Clinton reported her noggin-bump. “This requires a public appearance by the secretary of state herself.”

Thursday’s hearing covers the State Department’s Accountability Review Board, the squad of DC luminaries who’ve been investigating the attack since October and who delivered their findings to Clinton yesterday.

The report may shed some light on the attack, but it behooves Clinton to explain why the administration spent weeks misleading the public by pinning blame for the strike on an obscure YouTube video.

No, she owes the public true accountability — not a paper press release from some former bureaucrats.

And that requires her to testify before Congress, before the public.

Nothing else will suffice.

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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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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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SNL Pays Somber Tribute to Sandy Hook Victims

Saturday Night Live forwent their usual comedic cold open last night to pay their respects to the innocent lives lost at Sandy Hook Elementary School on Friday.

Related: President Fights Tears as He Addresses Nation

The New York Children's Chorus sang Silent Night in memory of the 20 children and six teachers and administrators shot and killed by a gunman who opened fire, and later shot himself dead, at the school in Newtown, Connecticut.

The night's musical guest, Sir Paul McCartney, later joined the young choir onstage to perform Wonderful Christmas Time.

Video: Riveting Details Emerge from CT School Rampage

Watch the emotional video in the player above.

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Losing by Winning?

Amir Taheri

With the first leg of Egypt’s constitutional referendum completed, it looks as if President Muhammad Morsi has secured the victory he had hoped for. Yet it may prove to be a hollow victory, if not the first step toward the derailment of Morsi’s troubled presidency.

On Saturday, half of Egypt’s provinces, including Cairo and Alexandria, went to the polls. The second leg takes place next Saturday, with people in the more rural provinces casting their votes.

Voting was organized in two stages because the government couldn’t persuade enough judicial personnel to supervise the referendum, as demanded by law.

Reuters

Uneasy lies the head: Riot police pass by tanks helping guard Egypt’s Presidential Palace, as President Morsi faces growing public rage over his power grabs.

An estimated 55 million Egyptians are qualified to vote, and almost 51 million registered to do so, the government reports. Half of those who could turned up on Saturday; if a similar percentage goes to the polls next weekend, the total turnout would be larger than in any parliamentary and presidential election since President Hosni Mubarak’s fall.

The government hasn’t announced official results of the first leg; it says it doesn’t want to influence voters in the second leg. But even opposition parties campaigning for a “no” admit that Morsi’s draft constitution is near-certain to pass. Estimates show that in the first leg around 54 percent voted for the draft — higher than the percentage of votes that swept Morsi to the presidency.

Yet what at first glance seems a major victory for Morsi may prove much less — and possibly his undoing.

First, the way the referendum was railroaded has reduced its credibility compared to the Post-Mubarak parliamentary and presidential elections, which took place under army supervision.

Only a quarter of those supervising the election had the legal qualifications required. More than a third hadn’t signed key documents required by electoral law.

Worse, the Interior Minisitry issued tens of thousands of badges to dubious nongovernmental groups for their members to serve as “election observers.” At some polling stations, the presence of these observers had an intimidating effect on voters. There is anecdotal evidence that some “observers” led illiterate voters into voting “yes.”

Another questionable tactic was the slowing down of voting in areas believed to favor the “no” campaign. This was especially true in Coptic Christian neighborhoods, where voters had to wait in line for hours, the official excuse being delays in the arrival of additional ballot papers.

More important, not enough time was given for the proposed draft to be debated in public and understood by the voters. This is a long document with over 200 articles, some in complicated legalese.

The opposition made the mistake of first calling for a straight boycott and thus did not spend enough time explaining why the draft may harm Egypt’s hopes for democracy. Then, less than a week before the first leg of polling, the opposition opted to take part and started campaigning for a “no” vote.

This reversal of gears confused many voters, while leaving little time to justify a “no” vote.

A simple majority is enough to pass most laws, but a constitution requires a larger consensus. It is a document designed to unite a nation around a set of fundamental rules to regulate the public space and protect the rights of citizens.

However, rather than unite Egyptians, Morsi’s draft has divided them into two camps of roughly the same size. And even the narrow majority that Morsi seems set to secure comes at the cost of a loss in the goodwill he won in the first months of his presidency.

The constitutional duel may transform Morsi into a factional leader rather than a unifying figure, while increasing his dependence on his Muslim Brotherhood base. And that would be bad news for Morsi and for Egypt.

Have a comment on this PostOpinion column? Send it in to LETTERS@NYPOST.COM!

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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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