Housing, jobs key to lifting S&P toward record




















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.





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Weather alert: Breezy but pleasant for New Year’s




















New Year’s revelers may have to hold on to their party hats with gusts as high as 20 mph whipping across South Florida Monday night and Tuesday.

The easterly winds are raising the risk of rip currents along the coast, according to the National Weather Service.

On New Year’s Eve, partyers can expect lows in the mid-60s. Tuesday, New Year’s Day, will see sun and a high temperature near 77, with lows overnight around 67 with partly cloudy skies.





For the rest of the week, highs are expected near 80 with a chance of thunderstorms on Thursday night and Friday.





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What to Do With Your New Android






So you got a shiny new Android for Christmas? Before showing it off to all your Apple-loving friends, the device should be fully optimized at the start. Taking a couple measures ahead of time will make for a better experience later.


If you’re a brand new Android owner, the phone’s operating system is likely Jelly Bean or Ice Cream Sandwich. You shouldn’t have to upgrade anything, but there might be newer versions of built-in apps. (We’ll get to that later.)






You’ll have to set up a Google account, which should be fairly easy if you already use Gmail. If you’re completely new to Google, consider a couple things before even setting up your phone.


SEE ALSO: Top 20 Things Every First-Time Android User Should Know

[More from Mashable: Facebook in 2013: More Growing Pains Ahead]


Switching from an older Android requires a bit more prep, but it’s not impossible. Once you have a Google account, simply log in and sync accounts to receive your email and contacts. Some of your data, like photos and apps, will not transfer as easily, but there are a few ways to get around that.


The easiest way is to purchase the MyBackup Pro app. It’ll cost you $ 4, but the app backs up data and restores it to a new device.


If you’d rather start with a clean slate, without losing old photos, store all of your data in the cloud. Apps like Dropbox will back up data, but you can manually restore specific items to the new device.


Apps will need to be re-downloaded manually on a new device. Any apps purchased on a former Android will not need to be purchased again, but you will have to download those again, too.


Get Connected


The first thing to do before playing around with your new phone is to set up a Wi-Fi connection.


Hit the Menu button, and choose Settings. Then select Wireless & Networks and connect to the proper Wi-Fi as you would anywhere with a computer.


You’ll also have the option to connect to mobile networks — those settings can be found in the same menu. Your phone runs on 3G or 4G mobile networks when there is not a Wi-Fi connection.


It’s important to connect your phone to Wi-Fi when it’s available, because running on mobile networks uses data. Each download will cost data, which can quickly run over when you first get a new phone and want to try new apps. Running over on data can be very expensive.


Apps on Apps on Apps


Now that you’re up and running, it’s time to dive into the Google Play Store and get the apps that will make your life easier and more efficient.


There are so many apps for every aspect of your life. It depends on whether you want something entertaining, educational, fun, informative, creative or navigational. Sifting through apps can feel overwhelming — trial and error is the best way to approach the task. You can always uninstall an app if you don’t want it.


If you plan on purchasing anything, you’ll need a credit card. Your information will be stored securely, so you’ll only need to enter this once. But that doesn’t mean you have to spend money — there are plenty of free apps that will help you just as effectively.


Your phone will already have built-in apps, which differ with every manufacturer. These are likely due for an update before you even log into the new device. You can update them all at once by opening the Play Store, tapping the Menu button and selecting “My Apps.”


The Google Play Store can be accessed and adjusted from your phone or a desktop when logged into your Google account. You can install, update or remove any app from your phone via the store.


Google’s native apps should already be built in the device. If you can’t function without these tools — which is likely why you went with Android — you won’t be disappointed with the mobile versions.


If you juggle more than one email address, Gmail will access multiple accounts in one device.


Google Maps is a seamless GPS system, plus the updated app gives offline maps, indoor navigation and recommendations for nearby places.


Zappos


Free


Click here to view this gallery.


Social


Facebook’s native app favors Android devices. The app closely mirrors what you’d see on a desktop, making it easy to navigate. Like any other app, it has pre-fixed settings, so you might need to adjust, depending on your preferences.


After downloading and logging in to your account, hit the Menu button and select Settings. If you don’t want to use Facebook Chat from your phone, make sure Chat Availability is off. You can also adjust notifications so they only push the updates most important to you.


If you choose to sync your Facebook friends, they will automatically appear in your contact list if they share their phone number. When you agree to use the Facebook app, it shows your phone number on your profile. If you don’t want to share your number with friends, be sure to edit your contact info so that information is only available to you. The easiest way to do so is from a desktop.


Setup for Twitter is pretty straightforward. You can adjust syncing and push notifications, just like you did for Facebook, by going to Settings from the Menu button.


There are a couple options for Twitter aside from the native app. If you’re a list person, TweetDeck or Hootsuite might be better experiences.


If there is one good thing about Google+, it’s the syncing features that come with an Android device. If you don’t use the network as a social place, it can function as an automatic storage space. For example, if you take a photo with your phone, it will save to your Google+ account, even if you delete the photo from your device.


Of course, there are plenty of other social networks, so test them out and judge for yourself. If you don’t like one (or any app, for that matter) you can always uninstall it from the Google Play Store, just as you would update it.


Music


Your new Android replaces the need to carry multiple devices, including an MP3 player. If you’re gung-ho Google, the native Music app stores all of your files in the cloud, so you can easily switch from device to computer.


There is no native iTunes app, but that’s nothing a little hack can’t work around. DoubleTwist is worth the $ 5 pricetag if you cannot live without your iPod. Also, your iTunes library syncs over Wi-Fi — no wires required.


There are other great apps for music lovers on the go. Spotify is the best service for sharing and discovering music. You can send friends songs, albums and playlists. The free service features a nearly limitless music library, or you can upgrade to premium for an unlimited, ad-free experience.


Are you and Android user? Share any advice for first-timers in the comments below.


Images courtesy of iStockphoto, by_nicholas, Flickr, JD Hancock


This story originally published on Mashable here.



Wireless News Headlines – Yahoo! News





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Man gunned down in Bronx while sitting in parking car








A man was gunned down execution-style in The Bronx this morning while sitting in a parked car, authorities said.

The 24-year-old victim was found sitting in the passenger seat of a Cadillac CTS on Boston Road near Waring Avenue at 1:40 a.m., police said.

He was shot in the head and neck and was pronounced dead at the scene, police said.

It was not immediately known if the victim, who is from upstate New York, has a criminal history, cops said.











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Tribune to leave bankruptcy after 4 years




















Tribune Co., which owns the South Florida Sun-Sentinel, announced it is emerging after more than four years of bankruptcy.

Tribune said late Sunday the reorganized media company begins Monday with new ownership – the senior creditors – and a new board of directors: Bruce Karsh, Ken Liang, Peter Murphy, Ross Levinsohn, Craig A. Jacobson, Peter Liguori, and Eddy Hartenstein.

“Tribune will emerge from the bankruptcy process as a multimedia company with a great mix of profitable assets, strong brands in major markets and a much-improved capital structure,” said Hartenstein, Tribune’s chief executive officer.





Senior creditors Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co. will control the new company. The Chicago Tribune reported late Sunday that Liguori, a former TV executive at Discovery and Fox, is expected to be named chief executive of the reorganized Tribune Co.

Tribune, which was founded in 1847, publishes some of the best-known newspapers in the U.S., including the Los Angeles Times, The Baltimore Sun and the Chicago Tribune. It also owns WGN in Chicago and 22 other television stations, as well as the WGN radio station. The Tribune’s report Sunday said that the new owners expect to sell all of the company’s assets.

Tribune Co. sought bankruptcy protection in 2008, less than a year after billionaire developer Sam Zell led an $8 billion leveraged buyout that left the company with $13 billion in debt.





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For new year, resolve to commit random acts of kindness




















Well, here we are, dear Friends and Neighbors, on the eve of another new year. So much happened to us in 2012 — some good and some bad. But through it all, by the grace of God, we made it to the end of the "old" year.

When I was a young woman, I made a new year’s resolution every year. The new year brings with it that kind of fresh-start magic.

To many of us, the new year really does mean having a second chance; a fresh start; a new beginning, another opportunity to do something that matters, to touch someone’s life in a positive way, and to do random acts of kindness.





I thought about the random-acts-of-kindness thing when, on Christmas day while in Washington, where my granddaughter Afra was appearing in My Fair Lady at the -Arena Stage Theater, I stumbled upon the perfect opportunity. Afra and I, and her mother Mary Anne, were on our way to have Christmas dinner with their longtime friends who live in Maryland. (A Radio City Music Hall Rockette since 2004, Afra had suffered with tendonitis in her right knee and decided to take this season off to let it heal.)

We got to the Metro station and found it practically empty. We headed for a bench where a man and woman were sitting and Afra motioned for me to take a seat. I spoke to the two individuals and wished them a Merry Christmas. A few minutes later, the woman who had been sitting on the bench moved away. She looked a bit uncomfortable. A few seconds later, I understood why. The young man seemed to be mentally challenged and needed to talk to someone about something that happened earlier at the facility where he lived.

Apparently there had been an argument with a caregiver at the facility, and he got upset and yelled at her. When I asked what was the matter, he started crying, "I yelled at her ... I didn’t mean to do it ... I was in a hurry to get to the station."

I touched his shoulder and tried to comfort him. "I’m sure she is not angry with you. She understood you were eager to get the train to spend Christmas with your mother." He stopped crying and told me his name was Gabriel. He asked my name. I told him and introduced him to my granddaughter and her mother, who were looking in disbelief at the two of us. Their eyes seemed to say, "Doesn’t Grandma know she is in a strange city and this man is a stranger who could be very dangerous?"

I did know. But somehow, this didn’t seem like a dangerous situation. Something in my heart said this was a chance to do a random act of kindness. I followed my heart. By the time our train came, Gabriel was smiling.

"I like you," he said. "You are a nice lady."

I reached out and offered a hug. He responded and soon my granddaughter and her mother were hugging him too. It was a wonderful feeling. Gabriel repeated our names over and over, pointing to each of us, so as not to forget them.

In a few minutes, we were at our stop. We said goodbye to our new friend and got off the train. We waved at him as the train pulled away. We didn’t say much about the incident, just smiled knowingly at each other. We knew we had just reached out to another soul who needed to be comforted and by doing so, we had spread a little Christmas cheer.

So, as I write this last column of 2012, I don’t have a list of new year resolutions. What I do have is a determination to live one day at a time, and try to live my life by reaching out to more Gabriels and offering comfort and spreading cheer and good will wherever I can. It may not be in the form of a hug. It just might be a warm smile, a "How do you do?", or "You look nice today". I learned from the Metro Station incident that it doesn’t take much to make somebody’s day. Just be kind. Make it a part of your everyday routine. No resolution is needed. Just do it.

And have a wonderful and healthy New Year!

Arts in the Gardens

Arts at St. Johns will kick off the New Year with the SALA Arts Social at 6:30 p.m. on Jan. 15 at the Miami Beach Botanical Gardens, 2000 Convention Center Dr. SALA is an acronym for Social Action, Local Arts, and is a multi-disciplinary, multi-sensory arts event featuring music, dance, the visual arts, refreshments, drinks, interactive DJ music, networking and a silent auction.

The artists include Tiffany “Hanan” Madera performing Mid-Eastern dance; DJ Madame Turk, who will mix new and old dance club music and Afro/Latin and Brazilian beats.

The visual arts will include a group show by the Artist Colony, a Miami artist collaborative. There will also be a selection of paintings, graphics and assemblages donated for the silent auction by Carol Hoffman-Guzman and her husband Robert Guzman. Carol is the founding director of Arts at St. Johns. She and her husband have been collecting local and emerging artists for over 40 years.

The event celebrates 12 years of SALA presenting performances and art at Arts at St. Johns. According to Hoffman-Guzman, SALA’s name was chosen because it is reflects Arts at St. Johns’ vision to present local artists and art forms and t use the arts to build community, nurture dialogue about social issues and seek to bring about change through the arts.

Tickets to the event are $75 each at the door or online at www.artsatstjohns.com or by calling Hoffman-Guzman at 305-613-2325.





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Nintendo’s Wii U wobbles as sales sink






According to Famitsu, Nintendo’s (NTDOY) portable 3DS console continued to see huge success during the week ahead of Christmas. It racked up sales of 433,000 units in Japan, up from 333,000 units in the prior week. But weirdly enough, the brand new and heavily promoted Wii U home console wobbled badly as its weekly sales slipped to 122,000 units from 130,000 units in the previous week. This may have been the biggest week in Japanese console market in 2012, so the stakes were high.


[More from BGR: Google names 12 best Android apps of 2012]






To put Wii U performance in context, the old PSP portable console sold 58,000 units in Japan during the same week. It is not an encouraging sign that the more than half-decade old PSP (which was displaced by the PlayStation Vita a year ago) managed to sell nearly half as many units as the brand new Wii U during the holidays. Of course, PS Vita continues to miss sales expectations dramatically — it sold only 19,000 units last week, barely more than a quarter of what its predecessor managed.


[More from BGR: Smartphones will replace keys on upcoming Hyundai cars]


Wii U performance may improve dramatically once compelling titles arrive. But during December, it did have “New Super Mario Brothers” and “Nintendo Land” to boost it in Japan. This clearly wasn’t enough. The aging PlayStation 3 sold only 30,000 units and Microsoft’s (MSFT) Xbox 360 barely cleared a thousand units, so the Wii U should have had a clear shot at strong sales performance in the Japanese home console market.


Overall, Japanese game console sales were down sharply from the week ahead of Christmas in 2011. The 3DS is a big hit in 2012 but instead of buoying the entire console market, it seems to be sapping energy from the Wii U and PS Vita.


It’s still early days for the Wii U, but Nintendo has probably started sweating a bit.


This article was originally published by BGR


Gaming News Headlines – Yahoo! News





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Al Qaeda's Yemen branch offers bounty for US ambassador








SANAA, Yemen — Al Qaeda's branch in Yemen has announced that it will pay tens of thousands of dollars to anyone who kills the US ambassador in Sanaa or an American soldier in the country.

An audio produced by the group's media arm, the al-Malahem Foundation, and posted on militant websites Saturday said it offered three kilograms of gold, worth $160,000, for killing the ambassador.

The group said it will pay 5 million Yemeni riyals ($23,000) to anyone who kills an American soldier inside Yemen.

It did not say how the bounty could be collected, but said the offer is valid for six months.



The bounties were set to "inspire and encourage our Muslim nation for jihad," the statement said.

Washington considers al Qaeda in Yemen to be the group's most dangerous branch.










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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.





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Powerline repair on 595 causes major traffic delays in Broward




















Road closures on Interstate 595 continued Friday morning to repair damage from a eastbound crane colliding with a powerline around Hiatus Road at about 5:30 p.m. the previous day.

The powerline snapped in half and came across I-595, forcing closure of the eastbound lanes, Florida Highway Patrol Sgt. Chris Fletcher said.

The lanes were reopened at 10:40 p.m. Thursday but around 6:30 a.m. Friday, Florida Power and Light closed down the 595 to State Road 84 ramp and the eastbound exit to Hiatus to replace and repair the line.





It was unknown when the repair work would be completed.

A few vehicles collided with the downed powerline but there were no reports of injuries.





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