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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Frankel gets ready to play politics on a national stage




















Her bags are packed. She’s found an apartment on Craigslist, and the utilities just got hooked up. And Lois Frankel, a Floridian for four decades, has a new and toasty winter coat, hat and boots.

On Tuesday, 20 years after she first hoped to move to Washington, D.C., Frankel finally will be making that journey north. Two days later, she’ll reach the pinnacle of her political career as she steps onto the floor of the U.S. House of Representatives, raises her right hand and takes the oath of office to become the newest member of Congress from Broward and Palm Beach counties.

Read the full story at Sun-Sentinel.com.








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Top 5 Kids Apps: Best Games






1. Bugs and Bubbles


Ages 3-up Overall rating: 5 out of 5 stars Why we like it: Fun, fast and good for building emerging math skills, Bugs and Bubbles contains 18 leveled sorting, classification games set in Uncle Bob’s Bubble Factory. The goal is to collect stickers by harvesting bubbles, requiring kids to apply skills of counting, sorting and remembering patterns in an elegant fashion. Need to know: The better you do, the greater the challenge, and progress can be saved over time on different devices. Watch a video review of this app here. Ease of use: 10/10 Educational: 10/10 Entertaining: 10/10 $ 2.99


Click here to view this gallery.






[More from Mashable: 7 Bad Moves That Hurt Facebook in 2012]


Chris Crowell is a veteran kindergarten teacher and contributing editor to Children’s Technology Review, a web-based archive of articles and reviews on apps, technology toys and video games. Download a free issue of CTR here.


While you’re at the grownup table this holiday season, the kids could be eating their vegetables and sitting quietly — what’s more likely is they’ll be playing on their smart devices.


[More from Mashable: 40 Digital Media Resources You May Have Missed]


So we’ve rounded up the best 5 games that were included in this year’s Top 5 Kids Apps. All these games are not only a lot of fun, they’re also educational for your kids. The top game, Bugs and Bubbles, got 5 stars out of 5 for its perfect mix of entertainment and math teaching. There’s also room for pure fun with games like Build and Play and Rush Hour.


SEE ALSO: Mobile Apps Under Scrutiny: Is Your Kid’s Privacy at Risk?


Our friends at Children’s Technology Review shared with us these 5 top apps from their comprehensive monthly database of kid-tested reviews. The site covers everything from math and counting to reading and phonics.


Check back next week for more Top Kids Apps from Children’s Technology Review


Photo via Christopher Furlong/Getty Images


This story originally published on Mashable here.


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Kim Kardashian is Expecting!

The rumors are true: Kim Kardashian is pregnant! The reality star's rep confirmed the news to ET after Kim's boyfriend Kanye West announced it Sunday night during his concert in Atlantic City.

According to the Associated Press, Kanye told the crowd of more than 5,000 at the Ovation Hall at the Revel Resort in song form: "Now you having my baby." The crowd cheered with approval, and the rapper also told the audience to congratulate his "baby mom" and that this was the "most amazing thing."


Pics: Five Years of Kim Kardashian Fashion

With the news officially out, a barrage of tweets from happy family members hit the Twitterverse Sunday night:

@KhloeKardashian: Keeping secrets is hard with so many family members! Especially when you are so freaking excited!!!!! LOVE is everything!!!!

@KrisJenner: Oh BABY BABY BABY!!

@KourtneyKardash: Been wanting to shout from the rooftops with joy and now I can! Another angel to welcome to our family. Overwhelmed with excitement!

@KendallJenner: whos excited about the KIMYE babbyyy?! :D weeee

@RealLamarOdom: I'm excited for Kanye and my sister! There's nothing like bringing life into this world! Let's keep Gods blessings coming!


Related: Kim and Kanye's Angel Ball Date Night

Reports that Kim and Kanye began dating began to swirl in March of 2012. Rumors that Kim was pregnant and experiencing morning sickness started to hit the Internet a short time ago, with some reporting that Kim was just battling the flu. Guess not! The star is reportedly about 12 weeks along.

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LI families displaced by Sandy put up in luxury apartments on Upper East Side for free








Gabriella Bass


Erin and Jim Joyce, along with their son James, were displaced from their home by Hurricane Sandy.



Hurricane Sandy moved them out — kind-hearted New Yorkers moved them on up.

Three Long Island families displaced by October’s hurricane have been put up in posh Upper East Side rentals ever since — for free.

The luxury 1-bedroom digs, which typically rent for $2,500 per month, have been a godsend to the families — whose lives were derailed by flood damage.

Surge waters flooded the first floor Long Beach home of Jerry Springer Show producer Lacy Edwards and her police officer husband, Brian.




When they heard through a friend that they could stay in a luxury rental for free, they were floored.

“It was unbelievable. We couldn’t pass it up and moved in right away... it really helped us a lot,” said Lacy. “There are really no words to describe how it made us feel. It’s overwhelming.”

They’re planning to rent a home in Long Beach next month so Lacy, who is expecting her third child in February, can be closer to her doctors.

“The stuff we lost were material things,” she said. “At the end of the day, it can all be replaced.”

Another two families stayed in the apartments only until recently, allowing them to get back on their feet.

That includes Erin Joyce, an accountant, who moved with her husband and 1-year-old son into a new Long Beach home one day before the storm — and were forced to evacuate from it the next day.

“We bought a house that didn’t need any work but within a couple of days it became a fixer-upper,” Joyce said.

And Antoinette Diamond and Anthony Borello lost all their possessions from their Long Beach basement rental in Sandy’s storm surge — including everything they were gathering for their upcoming wedding.

“It felt so good to take a hot shower and go to sleep in a bed,” Diamond said.

The pair recently moved in with Borello’s grandmother.

The apartments belong to the real estate investment firm Stone Street Properties, which was founded last year by Rob Morgenstern and Jeff Kaye.

“We talked about donating – money or clothes, but what we have are bricks, heat and water,” said Morgenstern. “All of a sudden that became a commodity.”

Kaye’s parents live in a Long Beach neighborhood that was ravaged by the flooding — which brought the plight of displaced families closer to home.

“It’s like a war zone out there. People’s homes were ripped to their foundations,” he said.










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South Florida’s biggest business stories of 2012




















For South Florida’s economy, 2012 centered on one main question: Would the recovery continue?

The answer: Yes, and slowly.

Housing values continue to climb, unemployment rates shrink, hiring grows and spending strengthens. And yet 2012 ends on the same general theme as 2011: Things are getting better, but at a slow enough pace that South Florida will have to wait at least another year for a healthy recovery to begin.





Behind the broad economic tide, news crashed onto the scene. And now it falls on Business Monday to rank their significance.

We do this each year December as a way to put the year’s business news in perspective. For the rankings, we use three criteria.

First, how important was the news for South Florida’s economy? We only have 10 slots to fill, so the news needs to be big.

Second, how unique was the news to South Florida? National events can have major impacts in South Florida, but we’re looking for news that’s particularly noteworthy to the region.

Third, how unique was the news to this year? Long-term trends can impact an economy for years, but we’re looking for stories clearly linked to 2012.

On to the rankings...

10: One Community One Goal plan released

Miami-Dade’s economic development agency, the Beacon Council, spent more than a year drawing up what’s supposed to be a blueprint for the county’s economic future. We won’t know for years whether the One Community One Goal plan will actually guide leaders’ decisions as they decide on education priorities and corporate-recruitment targets. The authors of this report boasted that they were determined not to have the latest version seen as obsolete the way the 1996 version was. But with hundreds of people involved in the forums that led to the report, One Community One Goal is sure to be cited in debates and discussion about Miami-Dade’s economy for years to come.

9. Ryder gets a new CEO

It was a tumultuous year for the Miami-Dade trucking giant, which spent the summer backing off early predictions of strong recovery for clients. In July, Ryder CEO Gregory Swienton announced companywide cost cuts to combat flat sales in a year he had originally seen as going well. That move included 60 job cuts at Ryder’s headquarters in western Miami-Dade, out of 450 across the country The end of 2012 brought another big announcement: Swienton was retiring in two weeks, and handing over the top job to his longtime deputy, Ryder COO Robert Sanchez.

Swienton, 63, said he was looking forward to getting back to Texas, where most of his grandchildren live. The board praised Swienton’s 13-year tenure, which saw Ryder stock rise from $17 a share to $50 a share.

Sanchez, 47, is only the company’s fifth CEO since its founding in the Great Depression. A Miami native, he becomes one of only three CEOs of a Fortune 500 company headquartered south of Palm Beach County. The other: AutoNation’s Mike Jackson and World Fuel Services’ Michael Kasbar.

8. Miami Marlins Buyers Remorse

The debut season of Miami’s first official Major League Baseball team brought a string of disappointments on and off the field. Promises of a revitalized Little Havana retail scene around the tax-funded stadium instead brought vacant storefronts. Attendance, a big part of the economic argument for the $635 million stadium, ended up being the worst for a new ballpark in 30 years.





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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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Michigan Passes Law to Protect Social Media Accounts






Michigan passed a bill on Friday that prohibits employers and schools from asking employees and students for login information to their personal social media accounts.


House Bill 5523, signed by Governor Rick Snyder and introduced by state Rep. Aric Nesbitt, “prohibit[s] employers and educational institutions from requiring certain individuals to grant access to, allow observation of, or disclose information that allows access to or observation of personal internet accounts.”






[More from Mashable: An Epic Walk From Beijing to London Fueled by Social Media]


This means an employer or institution cannot require that you provide them with your username or passwords for sites like Facebook and Twitter. The bill is known as the “internet privacy protection act.”


“Potential employees and students should be judged on their skills and abilities, not private online activity,” Snyder said in a press release.


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


Michigan isn’t alone in adapting laws to the changing Internet social sphere.


Earlier this year, Delaware banned public and private schools from requiring students’ social media account information. The bill passed through the House in a unanimous vote. Months earlier, Maryland introduced a similar bill that would particularly benefit student athletes.


In September, California passed a law that barred companies from asking its workers to surrender their social media account passwords.


Will bills and acts similar to these become more commonplace in our local and national legislature? Let us know your thoughts in the comments.


1. Alcohol Overload


You’re out of college, it’s not cool anymore – just ask your boss.


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Photo via iStockphoto, DNY59


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Buzzmakers: Kate Winslet's Wedding and Rider Strong's Engaged

What had ET readers buzzing this week?

1. Kate Winslet Ties the Knot!

Kate Winslet recently married her boyfriend Ned Rocknroll in a small, secret ceremony in New York.

A rep for the 37-year-old Oscar winner tells ET, "I can confirm that Kate Winslet married Ned Rock'nRoll in NY earlier this month in a private ceremony attended by her two children and a very few friends and family." The rep added that Kate and Ned got engaged over the summer.

British newspapers reported that Kate's Titanic co-star Leonardo DiCaprio gave away the bride in a ceremony so secret that not even the parents of the bride and groom were aware of it.

It is the third marriage for Kate, who split from film director Sam Mendes, the father of her son, in March 2011. She was also previously married for three years to Jim Threapleton, the father of her daughter, before splitting with him in 2001.

Ned, 34, is the nephew of British media/aerospace magnate Sir Richard Branson.

2. 'Boy Meets World' Star Rider Strong Engaged

Amid the holiday engagement rumors (Brandy, Janet Jackson...), Boy Meets World star Rider Strong confirms that he popped the question to his longtime love Alexandra Barreto -- but that's not the crazy part.

Strong, 33, told E! News that he asked Barreto to marry him with "a handmade ring he created himself!"

The actors met on set of the 2006 series Pepper Dennis, and the rest is history. "I asked on December 23, while her parents were visiting for the holidays. I took her for a walk under the redwoods on the property where I grew up in Northern California," Strong tells ETonline. "It was pouring rain, but it didn't look like it was going to stop anytime soon, so I just decided to go for it."

Meanwhile, TheInsider.com confirmed earlier this past November that Strong will not be joining the cast of Disney's Girl Meets World, a spin-off of his wildly popular teen show Boy Meets World. "Girl Meets World will be, and I think it should be, its own show. It will be about Cory and Topanga, their daughter, and a new set of characters. It's the next generation."

3. 'Glee' Creator is A New Dad!

Ryan Murphy had a very merry announcement this holiday season: he's a father!

According to E! News, Murphy and partner David Miller welcomed a son into their family recently, with the couple announcing their new addition on Christmas Eve to friends and family via email.

The announcement revealed the boy, named Logan Phineas Miller Murphy, was born December 24, 2012 9:47 a.m.

Earlier this year, Murphy opened up to Vogue about his desire to become a father. "I thought if I don't do this ... I'm 46 ... I will really, really regret it," he said, adding, "I want the kid to be bold."

4. Jessica Simpson Confirms She's Pregnant, Again!

After weeks of speculation, Jessica Simpson has confirmed that she is pregnant with her second child!

This morning she Tweeted, "Merry Christmas from my family to yours," along with a photo of daughter Maxwell sitting above a message written in the sand. It read: "Big Sis."

Simpson, who gave birth to Maxwell on May 1, has been spotted wearing lots of loose clothing in recent weeks as rumors swirled that she was pregnant again.

This will be the second child for Simpson and her fiance, Eric Johnson.

5. Lady Gaga Announces Documentary

The nearly 33 million Little Monsters who follow Lady Gaga on Twitter got a massive Christmas present this morning as the singer revealed she'll soon be coming to a theater near you!

"Merry Christmas little monsters," Gaga wrote. "Terry Richardson is making a #LadyGagaMOVIE documenting my life, the creation of ARTPOP + you!" "Thank you for being so patient waiting for my new album ARTPOP I hope this gets u excited for things to come. I love you with all my heart!" Gaga announced her fourth album on August 6, 2012 and featured several of the songs in contention for inclusion on her recent Born This Wall Ball. Although no release date is yet known, it's rumored to be due out in Spring 2013.

Gaga has previously collaborated with Richardson on countless magazine covers and 2011's Lady Gaga x Terry Richardson photobook.

Lady Gaga won't be the only major musician to be featured in a documentary next year. It was revealed on November 26 that HBO would be airing a Beyonce documentary on February 16, 2013.

The film promises extensive first-person footage -- some of it shot by Beyonce on her laptop -- in which she reflects on the realities of being a celebrity, the refuge she finds onstage and the joys of becoming a mother after giving birth to her daughter, Blue Ivy Carter, in January 2012. Watch a sneak peek below.

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Mad push a 9/11 ‘revenge’








The crazed woman who shoved a Queens immigrant to his gruesome death in front of a subway train told cops yesterday that she did so because she thought he was a Muslim, authorities said.

Erika Menendez, 31, was charged with second-degree murder as a hate crime after admitting to investigators that she pushed Sunando Sen, 46 — a Hindu — in front of a 7 train in Sunnyside on Thursday night, officials said.

She allegedly said she singled him out because of his religion.

“She is accused of committing a subway commuter’s worst nightmare — suddenly and senselessly pushed into the path of an oncoming train, shoved from behind with no chance to defend himself,” said Queens DA Richard Brown.





THE SUSPECT: Detectives lead a ranting Erika Menendez from the 112th Precinct station house in Queens last night. A tip from someone who recognized her in Brooklyn led police to apprehend her.

Michael Hicks





THE SUSPECT: Detectives lead a ranting Erika Menendez from the 112th Precinct station house in Queens last night. A tip from someone who recognized her in Brooklyn led police to apprehend her.




TRAGEDY: Busted suspect Erika Menendez allegedly told cops yesterday that hatred of Muslims over the 9/11 attacks led her to shove Sunando Sen — a Hindu — in front of a 7 train at this Queens station. Someone who answered the phone at her home said she’s bipolar.

Seth Gottfried





TRAGEDY: Busted suspect Erika Menendez allegedly told cops yesterday that hatred of Muslims over the 9/11 attacks led her to shove Sunando Sen — a Hindu — in front of a 7 train at this Queens station. Someone who answered the phone at her home said she’s bipolar.





“She told police that she pushed a Muslim off the train tracks. She said, ‘I’ve hated Hindus and Muslims since 2001, since they put down the Twin Towers. I have been beating them up since.’ ”

There were no Hindus involved in the 9/11 attacks.

Menendez faces 25 years to life in prison if found guilty.

She looked wild as she was escorted from the 112th Precinct station house.

She wailed incoherently, contorted her face into what looked like a fiendish grin, and struggled as officers forced her into an unmarked car.

She appeared equally unhinged later during her arraignment hearing in Queens Criminal Court. Menendez was laughing so hard that she was visibly shaking as Assistant District Attorney Michelle Kaszuba read the charges against her.

“You’re going to have to have your client stop laughing,” Judge Gia Morris said, scolding Menendez’s lawyer. Despite this admonishment, Menendez laughed several more times at the hearing. She’ll undergo a psychiatric test today.

Menendez was nabbed after a Brooklyn tipster had called in after recognizing her on the street from surveillance video circulated by the NYPD, sources said.

Officers from the 71st Precinct busted her in Crown Heights after spotting her wearing the same jacket seen in a surveillance video recorded near the crime scene.

Menendez was picked up at about 5 a.m. on Empire Boulevard and Bedford Avenue, the sources said. She continued mumbling in coherently as investigators questioned her — and at one point asked where the R train was, the sources added.

She was interrogated yesterday at the same Forest Hills, Queens, station house. She initially denied being at the subway station at the time of the fatal push, telling cops she was smoking pot with a pal. She later admitted committing the attack, telling cops “I’ll just plead guilty,” a prosecutor said at the arraignment hearing.










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