Fiscal cliff deal, approved by Senate, runs into opposition in House

WASHINGTON – A Senate-passed bill to keep the country from going off the fiscal cliff ran into trouble in the House today, as Majority Leader Rep. Eric Cantor came out against the deal.

"I do not support the bill,” Cantor said as he left a closed closed-door meeting of Republicans about the deal negotiated between Vice President Biden and Senate Minority Leader Mitch McConnell of Kentucky.

The Senate passed the deal by a wide margin just after 2 AM today, two hours after the country technically went over the fiscal cliff, when tax hikes and billions of spending cuts took effect.

With just hours left to try to act on the deal before financial markets open Wednesday morning, the House had yet to even schedule a vote.

“The Speaker and Leader laid out options to the members and listened to feedback,” said Boehner spokesman Brendan Buck. “The lack of spending cuts in the Senate bill was a universal concern amongst members in today’s meeting.”

“Conversations with members will continue throughout the afternoon on the path forward,” Buck said.

Rank and file Republicans complained about the deal’s lack of spending cuts.

“I’d be very surprised if the House passed what the Senate passed in the middle of the night – very surprised,” said Rep Steve King (R-Iowa) told the Post.

“I would be shocked if the bill doesn’t go back to the Senate” with spending cuts, said Rep. Spencer Bachus (R-Ala.).

Any changes made by the House would have to be matched by the Senate, and could scuttle the deal. But Republicans also cautioned against putting “poison pills” into the deal.

House Democratic Minority Leader Nancy Pelosi tried to hold House Republicans’ feet to the fire.

“Our Speaker has said when the Senate acts, we will have a vote in the House," she said. "That is what he said, that is what we expect, that is what the American people deserve…a straight up-or-down vote."

Read More..

Housing, jobs key to lifting S&P toward record

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

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

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

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

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

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

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

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

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

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

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

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

Read More..

Peeping tom suspect nabbed at Forever21 store at Sawgrass Mills mall

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

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

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

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

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

Clements admitted taping the women just before police had arrived.

Read More..

Senate Democratic aide: White House and GOP reach deal on fiscal cliff

WASHINGTON — A Democratic aide says the White House and congressional Republicans have reached an agreement to avert the so-called fiscal cliff.

The measure would extend Bush-era tax cuts for family incomes below $450,000 and briefly avert across-the-board spending cuts set to strike the Pentagon and domestic agencies this week.

Vice President Joe Biden was set to sell the agreement to Senate Democrats at a meeting at the Capitol on Monday night.

The aide required anonymity because he wasn't authorized to speak publicly.

Read More..

Florida colleges a bargain, says Kiplinger

Though Florida’s in-state tuition costs more than double what it did only a decade ago, many of the state’s public universities are still a good value, according to the latest annual “Best Values in Public Colleges” list compiled by Kiplinger’s Personal Finance.

Florida schools have long fared well in the magazine’s rankings, with this year being no exception. Six of Florida’s 12 state schools made the top 100, with two — the University of Florida and New College of Florida in Sarasota — keeping their place in the top 10, though both schools slipped slightly from their spots a year ago.

UF landed at No. 3 in this year’s rankings, down from No. 2 last year. New College, meanwhile, slipped two spots from No. 5 to No. 7.

In the case of both schools, Kiplinger’s praised what it described as a combination of strong academics and relative affordability. Though Florida’s price of tuition keeps rising, it is still among the lowest in the country — 40th out of 50 states, according to the College Board.

Kiplinger’s also noted UF’s strong retention rate.

“Students stick around, with only 5 percent leaving after freshman year,” the magazine wrote. “And although Florida is a big school — with 16 colleges, more than 150 research centers and institutes, and the largest undergraduate enrollment in our top 10 — it’s still selective, with a 43 percent admittance rate.”

New College is the complete opposite of UF in terms of size (it enrolls less than 850 students) but Kiplinger’s found it also offers “solid academics” along with the lowest total cost of attendance — $16,181 — of any of the top 10 schools. That figure combines the $6,783 annual tuition and fees with other college expenses such as room and board.

Lower in the Kiplinger’s rankings, four other Florida schools were also recognized. Florida State University came in at No. 26, the University of Central Florida landed at No. 42, the University of South Florida was No. 57 and the University of North Florida was No. 64.

Braulio Colón, executive director of the Florida College Access Network, said Florida families looking for a tuition bargain shouldn’t limit their search to state universities. Florida’s community colleges, Colón said, are high-quality, cost about half as much as state universities, and boast a guaranteed-transfer agreement that is the envy of many other parts of the country. Students who earn an associate in arts degree from a Florida community college are guaranteed admission to a state university, though it may not be to the student’s preferred school.

Long term, Colón said, Florida must overhaul its student financial aid system if it wants to maintain college affordability. The state’s largest college aid program is Bright Futures scholarships — some of which are awarded to affluent families who could afford to pay for college on their own. Helping students with demonstrated need must become more of a priority, Colón said, or college costs could eventually spiral out of reach for some families.

“We are at a turning point, right now, as a state,” Colón said.

To see the Kiplinger list go to: http://www.kiplinger.com/reports/best-college-values/

Read More..

As 500th anniversary nears, cities vie for title of Ponce de Leon’s landing spot

ST. AUGUSTINE --
— Where did that most ambitious conquistador, Juan Ponce de Leon, wade ashore five centuries ago and name his prize "La Florida?" Inquiring minds all over our state would like to know, the sooner the better, for planning purposes.

With the big day approaching — the anniversary arrives on April 3, 2013 — what east-coast beach city gets to shoot off the fireworks? If King Juan Carlos I of Spain graces us with a visit, where will he and Gov. Rick Scott shake hands? This being Florida, where communities joust like 16th-century knights for tourist dollars, it’s important.

In a perfect world, someone would step forward, bow gallantly and unroll Ponce’s original log and answer all questions. Alas, the log has been lost to historians since before Shakespeare’s time.

Grab your sharpest rapier and don your shiniest armor. Load the blunderbuss and polish the shield. In a tale fit for the Bard, brace yourself for the Ponce wars.

For our purposes, think of the northeast Florida city of St. Augustine as the Capulets. Melbourne Beach, a few hours south, can serve as the Montagues.

Without evidence everyone can accept as gospel, folks from both cities can claim Ponce celebration rights.

Cities all over Florida have streets, schools and springs named after Ponce. But no place has celebrated the Spaniard as long as St. Augustine. Founded in 1565 by another famous conquistador, Pedro Menendez de Aviles, it’s North America’s oldest continuously inhabited city. In 2011, its reputation for Spanish colonial heritage brought in $669 million in tourism.

It’s always been mad about the mysterious dude who accompanied Christopher Columbus to the Indies on his 1493 voyage, battled natives, found gold, got filthy rich, became Puerto Rico’s first governor, lost his job, but somehow stayed in the good graces of Spain’s King Ferdinand I, who encouraged Ponce to do some more exploring.

He named the island he thought he had encountered "La Florida" because it was a verdant place. It was also around Easter, the feast of flowers in Spain.

St. Augustine’s best known tourist attraction, and one of Florida’s oldest, is named for the spring supposedly sought by Ponce, the Fountain of Youth. Florida’s first grand hotel, the Ponce de Leon, built by Standard Oil magnate Henry Flagler in 1888, is now part of the Flagler College campus. Finally, no town in North America boasts as many Ponce statues, three at the present, with another to be unveiled in April.

St. Augustine will be celebrating Viva 500 all year. But on anniversary day it will hold a re-enactment and a ceremony at the Cathedral Basilica. Santiago Baeza Benavides — the mayor of Ponce’s hometown in Spain — is bringing a replica of the font in which the conquistador was baptized in 1474.

Take that, Melbourne Beach.

About a year ago, a publicist for the St. Johns County Visitor and Convention Bureau headed for New York to drum up some national media buzz. On her "come to St. Augustine in 2013" visits with newspaper and magazine travel editors, Barbara Golden brought a secret weapon.

Ponce de Leon.

His real name is Chad Light. A doctoral history student at the University of Florida, he works at the Fountain of Youth Archaeological Park in St. Augustine. In addition to serious history pursuits, he entertains tourists by playing Ponce in re-enactments. He’s 46, muscular and swash-buckling handsome, with a Spaniard’s dark hair and eyes. He dresses like Ponce and answers visitor questions as Ponce in Spanish-inflected English. For the record, he also speaks perfect Castilian Spanish, thank you.

Read More..

Kobe Bryant Finally Joins Twitter — Kind Of

Long among the sports world’s biggest Twitter holdouts, Kobe Bryant has finally joined the social network. But he hasn’t opened an account, and won’t be around for long.

Social savvy fans are being blessed with his presence thanks to Nike Basketball, which has turned over its account to Bryant since Tuesday.

[More from Mashable: Avery Johnson’s Teenage Son Unloads on Twitter After NBA Firing]

Nike Basketball, which sponsors Bryant and produces his official sneaker, announced the Kobe takeover in a Christmas Day tweet. The account’s name is now “Kobe Bryant” although its handle remains @nikebasketball. Kobe has spent the past few days tweeting about a variety of subjects using a series of hashtags that play off the theme #counton-fill-in-the-blank.

He’s tweeted about the Lakers progress as a team:

[More from Mashable: FanDuel Is Fantasy Sports With a Twist]

He’s tweeted behind-the-scenes snippets of training and treatment:

And he’s tweeted a totally normal, typical, everyday holiday family portrait:

Bryant actually joined Twitter for realsies back in 2011, but then deleted the account after racking up more than 35,000 followers in a just a few hours. He’s one of the NBA’s few stars without a Twitter presence. Nearly 90% of the league’s players are on the social network, according to Twitter.

But Bryant did become much more active on Facebook this summer, especially while traveling with the United States’ Olympic basketball team. He has nearly 15 million fans there, and reportedly writes his status updates and messages himself, with editing and actual posting done by support staff. In November he asked Facebook fans whether to join Instagram or Twitter next, and on Monday hinted in a status update that he may soon open an Instagram account.

What athletes would you most like to see get more active on social media? Let us know in the comments.

BONUS: 30 Must-Follow Twitter Accounts This NBA SEASON

1. @NBA

The NBA is arguably the world’s most engaging sports league on social media. Follow its official Twitter account for news, highlights and promotions.

Click here to view this gallery.

Thumbnail image courtesy Flickr, Keith Allison

This story originally published on Mashable here.

Social Media News Headlines – Yahoo! News

Title Post: Kobe Bryant Finally Joins Twitter — Kind Of
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Hillary Clinton Hospitalized for Blood Clot

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

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

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

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

Video: Grammys Flashback '97 -- Hillary Clinton! 

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

Read More..

Hillary Clinton admitted to hospital with blood clot following concussion

WASHINGTON — Secretary of State Hillary Rodham Clinton was admitted to a New York hospital Sunday after the discovery of a blood clot stemming from the concussion she sustained earlier this month.

Clinton’s doctors discovered the clot Sunday while performing a follow-up exam, her spokesman, Philippe Reines, said. He would not elaborate on the location of the clot but said Clinton is being treated with anti-coagulants and would remain at New York-Presbyterian Hospital for at least the next 48 hours so doctors can monitor the medication.

“Her doctors will continue to assess her condition, including other issues associated with her concussion,” Reines said in a statement. “They will determine if any further action is required.”

Clinton, 65, fell and suffered a concussion while at home alone in mid-December as she recovered from a stomach virus that left her severely dehydrated. The concussion was diagnosed Dec. 13 and Clinton was forced to cancel a trip to North Africa and the Middle East that had been planned for the next week.

The seriousness of a blood clot “depends on where it is,” said Dr. Gholam Motamedi, a neurologist at Georgetown University Medical Center who was not involved in Clinton’s care.

Clots in the legs are a common risk after someone has been bedridden, as Clinton may have been for a time after her concussion. Those are “no big deal” and are treated with six months of blood thinners to allow them to dissolve on their own and to prevent further clots from forming, he said.

A clot in a lung or the brain is more serious. Lung clots, called pulmonary embolisms, can be deadly, and a clot in the brain can cause a stroke, Motamedi said.

Keeping Clinton in the hospital for a couple of days could allow doctors to perform more tests to determine why the clot formed, and to rule out a heart problem or other condition that may have led to it, he said.

Clinton was forced to cancel Dec. 20 testimony before Congress about a scathing report into the Sept. 11 attack on the U.S. diplomatic mission in Benghazi, Libya, that killed Ambassador Chris Stevens and three other Americans. The report found that serious failures of leadership and management in two State Department bureaus were to blame for insufficient security at the facility. Clinton took responsibility for the incident before the report was released, but she was not blamed.

Some conservative commentators suggested Clinton was faking the seriousness of her illness and concussion to avoid testifying, although State Department officials vehemently denied that was the case.

Lawmakers at the hearings — including Sen. John Kerry, D-Mass., the Senate Foreign Relations Committee chairman who has been nominated by President Barack Obama to succeed Clinton — offered her their best wishes.

Last Thursday, before the discovery of the blood clot, Reines said Clinton was expected to return to work this week.

The former first lady and senator, who had always planned to step down as America’s top diplomat in January, is known for her grueling travel schedule. She is the most traveled secretary of state in history, having visited 112 countries while in the job.

Clinton is considered a front-runner for the Democratic presidential nomination in 2016, although she has not announced plans to run.

Read More..

Week brings startup launches, social media advice for 2013

Jared Kleinert, a South Florida entrepreneur, plans to soon launch Synergist, a platform that allow social entrepreneurs to meet potential co-founders online, collaborate and crowdfund their new projects. He also just launched AliveNDead, a blog about risk-taking, and he interns for a Silicon Valley startup.

And when he’s not doing all that, he’s going to class — he’s a junior at Spanish River High School in Boca Raton.

Lester Mapp is CEO and founder of the new Miami-based startup called designed by m. His team has just designed a sleek, ultra-thin aluminum iPhone bumper and launched the project on Kickstarter. After just a few days, Mapp is already more than a third of the way to his $20,000 fund-raising goal.

Read about both these entrepreneurs on The Starting Gate blog, where there’s also a post on the most pressing issues facing small businesses in the coming year — taxes, healthcare, lending and a skilled worker shortage, for starters.

And as you are ringing in the New Year, you may be resolving to beef up your business’ social media strategy. Susan Linning's guest post offers five top tips for boosting your social media effectiveness. Among them: Go beyond retweets and make your posts original, fun and personal (but not too personal.) Use visuals, too. Find this and other news, views and tools for entrepreneurs on the blog, which is at the bottom of MiamiHerald.com /business.

Follow me on Twitter @ndahlberg and Happy New Year to all.

Read More..