Prices for Miami Beach luxury condos soar to records

Ultra-luxury condominiums on South Beach are fetching nosebleed prices.On Tuesday, a penthouse at the Setai Resort at 2001 Collins Avenue closed for $27 million — the highest price ever for a South Florida condominium, according to real estate agents. “We’re definitely seeing the market turning upward,” said Jeff Miller, of Zilbert International Realty in Miami, who represented...

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Judge throws out Taliban terror case against Margate imam

A federal judge threw out the terrorism charges against a young Muslim cleric from Broward County in a trial where he and his father, an imam in Miami, are accused of providing financial support to the Pakistani Taliban terrorist organization.Izhar Khan, the imam of a mosque in Margate, will be a free man later Thursday after U.S. District Judge Robert Scola issued a verdict...

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Bloomberg calls NRA ad 'dumb PR'

New York City Mayor Michael Bloomberg says a new NRA Web video that labels President Barack Obama an "elitist hypocrite" is "dumb PR."In an appearance Thursday on "CBS This Morning," the mayor said: "You have to be stupid to do that."The video's narrator asks why Obama is skeptical of putting armed security in schools when his daughters are protected by...

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Florida led nation in 2012 foreclosure activity

Florida posted the highest foreclosure rate in the nation in 2012, eclipsing Nevada for the first time, according to RealtyTrac. In Florida, 3.11 percent, or one in every 32 homes, received some sort of foreclosure filing last year, the California-based data firm said. Much of the rising foreclosure activity represents loans that soured a long time ago, rather than a major...

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Driver in Rickenbacker Causeway cyclist death to be sentenced

A motorist who killed cyclist Aaron Cohen in a hit-and-run crash on the Rickenbacker Causeway will learn his fate Wednesday.A Miami-Dade judge on Wednesday afternoon will sentence Michele Traverso, 26, who earlier pleaded guilty for the crash that killed Cohen last February.The fatality, and a similar hit-and-run wreck in 2010, has renewed calls for increased safety for cyclists...

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iPhone demand said to be ‘robust,’ recent cuts don’t reflect weak demand

Following recent reports from Nikkei and The Wall Street Journal that suggested Apple (AAPL) slashed iPhone 5 component orders in half due to weak demand,  the company’s stock fell significantly and opened below $ 500 for the first time in nearly a year. The reports have been called into question, however, with many believing they do not...

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Victim 'rolled like a bowling ball': accused subway shover

A homeless suspect charged with killing a stranger by pushing him into the path of a New York City subway train told investigators his victim "rolled like a bowling ball" after he landed on the tracks, according to court papers.In written and videotaped statements, Naeem Davis admitted watching as Ki-Suck Han tried in vain to climb off the tracks before...

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Miami Dolphins bill would bring state money to aging stadiums

A bill drafted by the Miami Dolphins would give Florida sports teams $3 million a year in state money to improve older stadiums, provided the owner pays for at least half the cost of a major renovation. Under the law, the stadium would need to be 20 years old and the team willing to put in at least $125 million for a $250 million renovation. That’s less than the $400 million...

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Wedgie-spree at Florida theater lands prankster in jail

Authorities say that Charles Ross is known to go around Manatee County and create situations in order to harass and annoy people while filming their reaction for You Tube.Last weekend, Ross, 18, of Bradenton, ended up in jail after police say he went on a wedgie spree at a theater.Deputies say Ross was at Royal Palm Theater Sunday night with a friend and began grabbing people...

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The Golden Globes, Starring Tina Fey and Amy Poehler and Nobody Else

We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  RELATED: The Way the World Could Have EndedNow, we know what you’re thinking. Forget the rest of the...

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