Fed aims for a 6.5% jobless rate




















Six and a half percent unemployment in America would mean almost 2.1 million more people working than today. At the rate the country has been creating new jobs each month, it would take more than a year to find work for that many people.

Keep 6.5 percent in mind this week when the Federal Reserve meets Tuesday and Wednesday to talk about its efforts to push interest rates down. The hope is that the cheap cash will spur on investment leading to job creation. After all, the central bank has promised to keep its target interest rate near zero as long as more than 6.5 percent of Americans in the workforce are without work. The Fed has put other conditions on maintaining its historically low interest rate such as low inflation, but official measures remain tame. So its job growth the Fed is looking for.

It won’t have to wait long for the latest update. On Friday the first jobs report of 2013 will be released. Hiring has been a slow grind but it has been positive.





Finding work in January, though, can be tricky. Winter weather, a hangover from the holidays and seasonal work ending can slow down hiring.

It will be months, maybe even a couple of years before the U.S. unemployment rate hits 6.5 percent. There is nothing magical about that number, but as long as the Federal Reserve has it in its sights, so should we.

Tom Hudson is anchor and managing editor of Nightly Business Report, produced by NBR Worldwide and distributed nationally by American Public Television. In South Florida, the show is broadcast at 7 p.m. weekdays on Channel 2. Follow him on Twitter, @HudsonNBR.





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Broward contractor accused of accepting bribe for Florida Keys roadwork




















A Pompano Beach contractor has been charged by federal authorities with bribery for accepting money to steer a state Department of Transportation contract to a subcontractor working on traffic signals in the Florida Keys, the U.S. Attorney's Office said.

Ron Capobianco Jr., 40, is charged with committing bribery in connection with programs receiving federal funds. If convicted, he could get 10 years in prison. He had his first appearance before U.S. Magistrate Judge Barry Seltzer Wednesday morning.

He is accused of accepting $4,000 for steering a $25,000 contract to a subcontractor. Prosecutors did not say who that subcontractor is or whether the subcontractor approached authorities or they approached the subcontractor.





Prosecutors say Capobianco worked as an engineering and inspection consultant at Miami's Metric Engineering Inc. DOT contracted with Metric to provide services including designing, inspecting and troubleshooting construction of roads, signs and traffic signals.

DOT considered Capobianco an expert on signalization and lighting construction, including the use of video cameras for traffic signalization and control. Prosecutors say that around 2009, DOT began its work in Marathon to improve traffic flow.

They say that around May 2009, an agent of the subcontractor offered to pay Capobianco $5,000 if the subcontractor could receive at least $25,000 to install video detection equipment. Capobianco reportedly agreed to the deal, enabling the subcontractor to make a significant profit.

The subcontractor's estimate was approved and subsequently paid by the state after the equipment was installed. Then around May 2009, Capobianco reportedly met with an agent of the subcontractor in Plantation in Broward County and was paid $4,000 in cash for his help getting the subcontractor the work.





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Al Shabaab says enemies closed its Twitter account






MOGADISHU (Reuters) – Al Shabaab on Friday said its Christian enemies had closed its Twitter account, which the Somali militant group used to parade hostages, mock rivals and claim responsibility for bombings and assassinations.


The group’s official Twitter account, which has thousands of followers, was offline on Friday with a message saying “Sorry, that user is suspended”.






It was not immediately clear why the account, which was created in 2011 under the HSM PRESS Twitter handle, was suspended. The account was still unavailable as of 1233 GMT.


On Wednesday the al Qaeda-aligned rebels used the social media site to threaten to kill several Kenyan hostages and on January 17 announced the execution of a captive French agent after a French commando mission to rescue him failed.


“The enemies have shut down our Twitter account,” al Shabaab‘s most senior media officer, who refused to be named, told Reuters.


“They shut it down because our account overpowered all the Christians’ mass media and they could not tolerate the grief and the failure of the Christians we always displayed (online).”


Al Shabaab wants to impose their strict version of sharia, or Islamic law, across Somalia. However, it has lost significant territory in the southern and central parts of the country in the face of an offensive by African Union troops.


Twitter said it does not comment on individual accounts and the Kenyan government denied it had filed any request for the account to be taken down.


“It’s an emphatic no. We would not try to negotiate or have anything to do with the Al Shabaab. We didn’t even know the account was suspended,” said government spokesman Muthui Kariuki.


Al Shabaab posted on the account on Wednesday a link to a video of two Kenyan civil servants held hostage in Somalia, telling the Kenyan government their lives were in danger unless it released all Muslims held on “so-called terrorism charges” in the country.


“Kenyan government has three weeks, starting midnight 24/01/2013 to respond to the demands of HSM if the prisoners are to remain alive,” the group said.


Despite the closure of the Twitter account, al Shabaab said it would continue to “display the loss and grief of Christians no matter what means we use,” al Shabaab’s spokesman said.


Internet News Headlines – Yahoo! News





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Adorable Tots: Celebs and their Cute Kids!



Isla Fisher





January 25, 2013




Isla Fisher took her two adorable daughters with Sacha Baron Cohen, Olive, 5, and Elula, 2, to lunch at Terroni restaurant in Los Angeles on January 23, 2013.





ALSO IN THIS GALLERY:


















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Hasbro to cut 10 percent of workforce after fourth-quarter revenue misses expectations








Toy maker Hasbro said Friday that its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays. It plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses.

The stock dropped more than 4 percent in morning trading.

Pawtucket, R.I.-based Hasbro, whose brands include Monopoly and Nerf, has about 5,500 employees worldwide. A 10 percent workforce cut would put about 550 people out of work.

While Hasbro said consumer demand was softer than it expected over the holidays, the season was expected to be tough. This was in part because retailers were ordering inventory more cautiously.




In addition, stores such as Wal-Mart, Kmart and Toys R Us beefed up their layaway and reservation services to encourage shoppers to buy toys early in the season, which meant items may have been scarce later on.

The November and December holiday selling period is critical for toy makers because it can make up as much as 40 percent of their annual revenue.

Spokesman Wayne Charness said that the job cuts will all be this year and will occur globally. He said that the facility consolidations could result in some closures but was not specific about which plants would be affected.

CEO Brian Goldner said in a statement that Hasbro created a plan during its fourth quarter to deliver $100 million in annual cost savings by 2015.

The company expects charges of about $37 million in 2012 and an additional $20 million to $30 million in estimated charges in 2013 related to its cost-cutting efforts.

Hasbro Inc. anticipates fourth-quarter revenue of about $1.28 billion. Analysts polled by FactSet predicted revenue of $1.4 billion. Unfavorable foreign currency exchange rates lowered results by $8 million.

Goldner said that demand over much of the holiday season was weaker than expected in the U.S. and some international markets.

For 2012, Hasbro expects adjusted earnings between $2.89 and $2.91 per share on revenue of approximately $4.09 billion. Unfavorable foreign currency exchange rates lowered revenue by $99 million.

Wall Street forecast earnings of $2.84 per share on revenue of $4.2 billion.

The company will report its fourth-quarter and full-year financial results on Feb. 7.

Its stock fell $1.72, or 4.5 percent, to $36.73 in morning trading. Its shares have traded in a 52-week range of $32 to $39.98.










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Lennar design accommodates multigenerational families




















In some cases, it may be Grandma moving in with the family. Other times, it may be a recent college graduate returning to the nest.

For all sorts of reasons — financial, medical, personal — a rising number of Americans are moving into extended family households.

Spotting a niche in the growing trend, Lennar Corp. has launched a new concept tailor-made for multigenerational family living.





It’s basically a house within a house: a smaller living unit next to the main home designed to provide independence but also access to the rest of the family household.

“People are really loving the whole concept,” said Carlos Gonzalez, president of the southeast Florida division of Lennar, a Miami-based home-building giant. “We adapted to the market from a design standpoint.”

In Miami-Dade County, Lennar is selling various versions of multigenerational homes in three new developments in Doral, Kendall and Homestead.

Louis Moreno of Kendall and his wife, Danilza Velez, signed a contract for a large NextGen home in The Vineyards development in Homestead last October — even before the models had been built.

“We loved it,” said Moreno, a 45-year-old engineer.

Moreno said his mother-in-law will be able to use the new suite when she visits, as will his family members who frequently come to town from Puerto Rico. “This will provide them with more comfortable space and more privacy,” he said. He also plans to use it as a game room and entertainment area.

The two-story Zinfandel home Moreno picked has three bedrooms and 2 1/2 bathrooms in the main home with a family room and two-car garage. In addition, it has an ample 789-square-foot suite with two bedrooms, a bathroom and a kitchenette. The suite has its own garage, a separate front entrance and an internal door connecting to the main home.

The Zinfandel, which has 2,249 square feet of air-conditioned space in the main house, starts at $283,990 in the Homestead community at 128 SE 28th Ter., but a similar home in Kendall would run about $100,000 more, primarily because of higher land costs, Fernandez said. (In Doral, there is a NextGen home priced at $677,990.)

Some multigenerational models have suites as small as 489 square feet, but all have a separate entrance, a bedroom, a bathroom and some sort of kitchen space.

The idea takes various shapes. One option at the Kendall Square development at 16950 SW 90th St. is a Granny unit above a detached garage.

“Independence is the key word,” said Frank Fernandez, director of sales and marketing for the southeast Florida division.

Depending on local zoning rules, some homes can have full kitchens, others are restricted to kitchenettes with a microwave but no stove. Similarly, some municipalities permit the space to be used as a rental, others prohibit it.

The choice is proving popular. Fernandez said in The Vineyards development in Homestead, 10 of the 14 homes sold to date are NextGen. At Kendall Square, 35 of 107 sales are multigenerational, and at the Isles at Grand Bay development at 11301 NW 74th Street in Doral, five of 48 houses are.

Adapting homes for special needs, such as wheelchairs and safety railings, is done at cost, Fernandez said: “That is company policy.”

As one of the nation’s largest home builders, Lennar has been rebounding strongly from the housing crash. Last week, the builder, whose shares trade on the New York Stock Exchange, posted better than expected earnings for the fourth quarter and fiscal year ended Nov. 30, 2012.





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Jury deliberating fate of caretaker in Rilya Wilson murder case




















Jurors on Thursday morning began deliberating in the Rilya Wilson murder case.

Twelve jurors will decide whether caretaker Geralyn Graham is guilty of killing the 4-year-old foster child, then telling a slew of lies to cover-up the child’s demise.

Graham, 67, is charged with aggravated child abuse, kidnapping and first degree murder. She faces life in prison. Jurors retired to begin deliberating at 10:45 a.m.





Defense lawyer Michael Matters, in his final argument Wednesday, ripped the state’s key witness, Robin Lunceford, a convicted armed robber who testified that Graham confessed in jail to smothering the girl with a pillow.

“Every bit of the story she concocted about my client is absolutely unbelievable,” Matters told jurors. “She graduated from prison life with a master in manipulation and a doctorate in deceit.”

Lunceford, an eccentric con who was doing life in prison, testified in exchange for a 10-year plea deal on armed robbery case.

The body of Rilya, whose disappearance sparked turmoil at the Florida Department of Children and Families, has never been found.

Miami-Dade prosecutor Sally Weintraub said Lunceford learned intimate details known only to a few people. That included an episode — backed up by other witness testimony — in which Graham grew angry because Rilya wanted to dress as Cleopatra, not an angel, for Halloween.

“Robin Lunceford is big, loud, aggressive, obscene, in-your-face, unpleasant. The kind of person you might just write off,” Weintraub told jurors. “How you feel about her is not what you have to consider … what the testimony is, the defendant’s words, that’s what you must consider.”





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Samsung’s iPad mini rival, the Galaxy Note 8.0 tablet, revealed in leaked images







While Samsung (005930) has had tremendous success over the past year with its Galaxy brand of smartphones, the company hasn’t been able to generated the same amount of buzz for its Galaxy tablet line just yet. But now SamMobile points us to the first leaked pictures of Samsung’s new Galaxy Note 8.0 that the company hopes will become its flagship tablet in 2013. The pictures, posted on Italian website DDAY, show an 8-inch white tablet that looks like a large Galaxy S III and features thicker side bezels than Apple’s (AAPL) recently released iPad mini. The pictures also show off the new tablet display’s 16:10 aspect ratio with a resolution of 1280 x 800 pixels, which packs more pixels per inch than the iPad mini display and its 1,024 x 768 resolution. We’ll get our first official glimpse of the Galaxy Note 8.0 when Samsung shows it off at Mobile World Congress next month.


[More from BGR: The ultimate humiliation: Dell now getting advice from the ‘Dell Dude’ on how to fix company]






This article was originally published on BGR.com


Gadgets News Headlines – Yahoo! News




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Lance Armstrong Sued Over Book Claims Following Confession

Trouble is still finding Lance Armstrong as two men who bought the cyclist's book prior to his doping confession to Oprah Winfrey are suing Armstrong, saying they "would not have purchased the books had they known the true facts concerning Armstrong’s misconduct and his admitted involvement in a sports doping scandal."

A Republican political consultant in Sacramento, Rob Stutzman, and a professional chef, Jonathan Wheeler, filed a federal class-action lawsuit in California on Tuesday against the 41-year-old athlete, who was stripped of his seven Tour de France titles late last year, the Los Angeles Times reports. "Stutzman bought the book in California and read it cover to cover. Although Stutzman does not buy or read many books, he found Armstrong’s book incredibly compelling and recommended the book to several friends," the lawsuit reads (via LA Times).


RELATED: Bradley Cooper Wants to Play Armstrong In Movie

Stutzman even met Armstrong while serving with former California governor Arnold Schwarzenegger in 2005, and reportedly thanked the cyclist for being an inspiration. Wheeler was also "so impressed" with Armstrong's book that he bought the second one.


RELATED: How Did Sheryl Crow React to Armstrong's Confession?

Armstrong currently has two books out titled It's Not About the Bike and Every Second Counts.


What do you think? Do these men have a case?

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Trial begins for 2 in shooting of NYPD officer









Slain cop Peter Figoski



Two men accused of shooting a New York City police officer to death in a botched Brooklyn robbery are on trial for murder.

Lamont Pride and Michael Velez have pleaded not guilty to first-degree murder in the death of longtime NYPD officer Peter Figoski. Their trial began Thursday.

Two others will be tried later. A fifth has pleaded guilty in a deal to testify in exchange for a reduced sentence.

The 47-year old Figoski was among officers responding to a December 2011 home invasion. Prosecutors say he was ambushed by Pride and others who were hiding in an unfinished part of the basement apartment.



Figoski was an officer for 22 years. He was posthumously promoted to detective.










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