Ft. Lauderdale, Miami Beach flooding lingers

Superstorm Sandy is gone. And the moon’s pull has diminished.

But the ocean keeps pouring over State Road A1A in Fort Lauderdale and onto Alton Road in Miami Beach, causing problems in coastal communities where flooding has now been an off-and-on phenomenon for weeks.

On Thursday and Friday, water from the Atlantic pounded parts of the Fort Lauderdale strip. The power of waves destroyed chunks of a barrier wall and forced authorities to shut down northbound traffic from Sunrise Boulevard to Northeast 20th Street. It’s the second time the road has been closed in about four weeks.

After high tide, tourists and residents straggled over to take a look at the damage. Beach shower heads lay in the sand along with palm trees, and pieces of tile from the wall littered the ground.

Art Seitz, a freelance photographer who lives in a nearby high-rise, said the beach is a “mega mess.”

“The wall was completely toppled,” he said. “I’ve lived here for 25 years and never have seen anything like these.”

The culprit: a low pressure system, high winds and, yes, the lasting impact of Sandy, the mega-storm that wrecked New York and New Jersey.

“It’s a combination of everything,” said Barry Baxter, a meteorologist with the National Weather Service in Miami.

Baxter said the system has generated northeast swells. At the same time, he said winds blowing from 15 to 20 miles-per-hour have been pushing for days now against the gulf stream, which builds up the seas over time.

Those factors pushed sea levels to eight feet in Palm Beach County, and to six feet in Miami-Dade and Broward, he said.

Friday’s convergence of wind and swells comes after the moon reached its closest point to the earth in mid-October, causing a rise in the tides. Later that month, Superstorm Sandy blew by the coast, causing a surge. Then the full moon rose.

And now, streets are flooded by tides again.

“It seems like it’s been week after week” of flooding, Baxter said. “Everything comes together.”

Baxter said erosion caused by Sandy is also contributing to issues where the Atlantic is pushing over the beach and onto streets.

In Miami Beach, the tides push Biscayne Bay water up through stormwater drains during seasonal high tides. But the problem has seemingly lingered longer than usual this year.

Flooding surfaced again Friday on Alton Road, though not nearly as widespread as they have been during the last month, or even the past week.

Still, sandbags lie outside some retail shops and city officials wonder when the problem will go away.

“We’re trying to set up a meeting with NOAA [National Oceanic and Atmospheric Administration],” said city of Miami Beach spokeswoman Nannette Rodriguez, “just to see when this is going to go away.”

Miami Herald reporters Carli Teproff and Maria Bernal contributed to this story.

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Larry Hagman Dies

Larry Hagman, best known for playing Dallas villain J.R. Ewing, died Friday morning from complications stemming from his recent battle with cancer.

He was 81 years old.

Video: Larry Hagman Talks 'Dallas', Cancer and Veganism

"Larry was back in his beloved Dallas, re-enacting the iconic role he loved most," the family said in a statement via The Dallas Morning News. "When he passed, he was surrounded by loved ones. It was a peaceful passing, just as he had wished for. The family requests privacy at this time."

Hagman's Dallas co-stars Linda Gray (who played his wife Sue Ellen) and Patrick Duffy (who played his brother Bobby) were reportedly at his bedside when he died, The Sun is reporting.

"Larry Hagman was my best friend for 35 years. He was the Pied Piper of life and brought joy to everyone he knew," Gray tells ET in a statement. "He was creative, generous, funny, loving and talented, and I will miss him enormously. He was an original and lived life to the fullest ... The world was a brighter place because of Larry Hagman."

Video: J.R. Menaces in New 'Dallas'

Hagman, who also starred as Air Force Captain Anthony Nelson in I Dream of Jeannie, was last seen on television in TNT's Dallas reboot, where he returned to play his most well-known character.

"Larry Hagman was a giant, a larger-than-life personality whose iconic performance as J.R. Ewing will endure as one of the most indelible in entertainment history," Warner Bros., Dallas executive producers Cynthia Cidre and Michael M. Robin, and the show's cast and crew said in a statement. "He truly loved portraying this globally recognized character, and he leaves a legacy of entertainment, generosity and grace. Everyone at Warner Bros. and in the Dallas family is deeply saddened by Larry's passing, and our thoughts are with his family and dear friends during this difficult time."

"It was truly an honor to share the screen with Mr. Larry Hagman," Dallas reboot star Jesse Metcalfe, who plays Christopher Ewing, said in a statement. "With piercing wit and undeniable charm he brought to life one of the most legendary television characters of all time. But to know the man, however briefly, was to know a passion and dedication for life and acting that was profoundly inspirational."

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Queens woman found dead in parked car in the Bronx

Police are investigating the death of a Queens woman found in a car parked in the Bronx this morning.

The woman, 22, was found unconscious at 4:30 a.m. inside a white Honda at the intersection of Bruckner Boulevard and Brook Avenue in Mott Haven by officers responding to a report of an assault.

EMS workers declared her dead at the scene.

Some blood was found coming from the woman’s nose, but that was the only obvious sign of trauma, police sources said.

A 40-year-old man who was with the dead woman was taken into police custody and brought to Lincoln Hospital for an injury to his left arm, authorities said.

Cops said the two knew each other, but their relationship was not immediately clear.

The medical examiner will determine the cause of the young woman’s death. Her name was not released pending family notification.

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For Miami, new cruise ships a cause for celebration

Miami’s ship has come in. And it looks more like a fleet.

The Carnival Breeze, which starts regular sailings from its new year-round home Saturday, will be joined Thursday by Oceania Cruises’ Riviera and Dec. 1 by Celebrity Reflection. All three launched earlier this year in Europe and make their U.S. debut in Miami.

After a three-year dry stretch that saw no shiny new vessels mooring in Miami’s waters — and years of efforts to draw new operators coupled with millions spent on upgrades — the port is touting its biggest expansion ever with the three new ships as well as three new cruise lines signing on for this season and next.

“You want your newest ships to have the newest facilities, and that’s what Miami has done,” said Miami cruise expert Stewart Chiron, CEO of CruiseGuy.com.

Regent Seven Seas Cruises moved its ships from Port Everglades in Fort Lauderdale to Miami, and Disney Cruise Line will sail for the first time from Miami starting in late December. Next year, MSC will bring its newest ship, Divina, to Miami after previously sailing from Fort Lauderdale.

And Miami-based Norwegian Cruise Line, which reignited the parade of new ships in 2010 with the Norwegian Epic, is bringing the 4,000-passenger Norwegian Getaway in January 2014 to Miami, where it will sail year-round.

“I never, ever would have considered going anywhere else, because we are a Miami company and we really believe that means something,” said Kevin Sheehan, Norwegian’s president and CEO.

That hasn’t always been the universal sentiment. Nearly six years ago, the port was under fire for a history of inefficiency and sub-par facilities. In late 2007, Royal Caribbean chose Port Everglades in Fort Lauderdale as homeport for Oasis and Allure of the Seas, the world’s largest cruise ships — despite having a Miami headquarters.

The presence of those giant ships has meant some other cruise lines felt the squeeze, and a couple, like Regent Seven Seas Cruises and MSC Cruises, have opted to move south.

“Once upon a time, Port Everglades was known as the boutique cruise ship port,” said Frank Del Rio, chairman and CEO of Prestige Cruise Holdings, parent company of Oceania and the luxury Regent Seven Seas. “Now Port Everglades is the megaship port. We’re the antithesis of megaships.”

But Chiron said the moves aren’t necessarily a negative for Fort Lauderdale’s port.

“These ship movements and repositionings, all it’s really doing is opening up both ports for really bright future opportunities,” he said.

Port Everglades has grown its multiday cruise passenger numbers from about 2.6 million in fiscal 2008 to an expected more than 3.6 million on 45 ships in fiscal year 2012. By comparison, PortMiami’s passenger numbers have grown from about 3.8 million in 2008 to what is expected to be more than 4 million with 26 ships at the peak for the current fiscal year.

For its part, Port Everglades continues to invest in upgrades, recently finishing the $54 million reconstruction of four cruise terminals under a 2010 agreement with Carnival Corp. for brands including Holland America Line, Seabourn and Princess Cruises.

The investments go on at PortMiami as well, where director Bill Johnson, who took the job in 2006, listened to criticism that Miami hadn’t done enough to support the cruise industry. In the last few years, the port built a pair of terminals for Carnival for about $100 million. Since those terminals opened about four years ago, the port will have spent and continues to spend $70 million more in improvements, Johnson said.

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Firefighters battle warehouse fire in Northwest Miami-Dade

Thick white smoke from a Miami-Dade warehouse could be seen for miles Friday morning.

Dozens of Miami-Dade firefighters battled the massive blaze, which started in a warehouse bay in the 5300 block of Northwest 35th Court and quickly spread.

In addition to pouring out of the warehouse doors, smoke and flames were also coming from cracks in the roof caused by the fire’s intense heat. Just after 9 a.m. a part of the roof collapsed.

There were no injuries reported. The cause of the fire has yet to be determined.

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Gabriel Aubry and Olivier Martinez Involved in Brawl

Halle Berry's ex-boyfriend Gabriel Aubry and her fiancé Olivier Martinez were involved in a Thanksgiving altercation that turned physical, with Aubry having to be transported by ambulance to the hospital due to injuries, ET confirms.

Cops responded to a 9-1-1 call at 10 a.m. at Berry's house, and according to police sources, the fight broke out when Aubry was dropping off his daughter with Berry, Nahla, 4, to her house for Thanksgiving. Aubry reportedly initiated the altercation and was arrested for misdemeanor battery.

Related: Halle Berry & Gabriel Aubry's Custody Battle Heats Up

He will be booked when/after he is released from the hospital.

Related: Berry -- My Love for Olivier Was 'Gradual'

Just Wednesday afternoon, Aubry, Berry, Martinez and Nahla were all seen together attending a pre-Thanksgiving party in Los Angeles.

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Egyptian President Mohamed Morsi called pharoah, violent protests erupt after he granted himself sweeping powers

Egyptian President Mohamed Morsi's decree that put his decisions above legal challenge until a new parliament was elected caused fury amongst his opponents on Friday who accused him of being the new Hosni Mubarak and hijacking the revolution.

Police fired tear gas in a street leading to Cairo's Tahrir Square, heart of the 2011 anti-Mubarak uprising, where thousands demanded Morsi quit and accused him of launching a "coup". There were violent protests in Alexandria, Port Said and Suez.

"The people want to bring down the regime," shouted protesters in Tahrir, echoing a chant used in the uprising that forced Mubarak to step down. "Get out, Morsi," they chanted.

REUTERS

Flames burn around a police vehicle after protesters threw a molotov cocktail at it during clashes at Tahrir square in Cairo today.

Morsi's aides said the presidential decree was to speed up a protracted transition that has been hindered by legal obstacles but Morsi's rivals were quick to condemn him as a new autocratic pharaoh who wanted to impose his Islamist vision on Egypt.

"I am for all Egyptians. I will not be biased against any son of Egypt," Morsi said on a stage outside the presidential palace, adding that he was working for social and economic stability and the rotation of power.

"Opposition in Egypt does not worry me, but it has to be real and strong," he said, seeking to placate his critics and telling Egyptians not to worry and that he was committed to the revolution. "Go forward, always forward ... to a new Egypt."

Buoyed by accolades from around the world for mediating a truce between Hamas and Israel, Morsi on Thursday ordered that an Islamist-dominated assembly writing the new constitution could not be dissolved by legal challenges.

"Morsi a 'temporary' dictator," was the headline in the independent daily Al-Masry Al-Youm.

Morsi, an Islamist whose roots are in the Muslim Brotherhood, also gave himself sweeping powers that allowed him to sack the unpopular general prosecutor and opened the door for a retrial for Mubarak and his aides.

The president's decree aimed to end the logjam and push Egypt, the Arab world's most populous nation, more quickly on its democratic path, the presidential spokesman said.

"President Morsi said we must go out of the bottleneck without breaking the bottle," Yasser Ali told Reuters.

TURBULENCE AND TURMOIL

The president's decree said any decrees he issued while no parliament sat could not be challenged, moves that consolidated his power but look set to polarize Egypt further, threatening more turbulence in a nation at the heart of the Arab Spring.

The turmoil has weighed heavily on Egypt's faltering economy that was thrown a lifeline this week when a preliminary deal was reached with the International Monetary Fund for a $4.8 billion loan. But it also means unpopular economic measures.

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Allure of Brickell, downtown Miami drives up rental rates

When Brett Smith rented a condo at Axis Brickell last year, there were still sweet deals to be found, but when the lease came up for renewal last month, he got a sour note: The rent was spiking 15 percent.

The three-bedroom, three-bath condo would cost $3,800 a month, up from $3,300.

“We actually looked around at other places, and most looked to be around the same price range,” said Smith, a 25-year-old construction project manager who shares the apartment with two friends. “We decided with the cost of moving, we would just stay.”

Smith, who loves the urban lifestyle — “It’s great, and it’s getting better,” he says — has lots of company.

In greater downtown Miami and Brickell, residential rental rates per square foot jumped 10 percent in the first nine months of 2012 from a year earlier, according to a study conducted for Miami Downtown Development Authority by Coral Gables-based Focus Real Estate Advisors.

Rents for the sizzling Brickell neighborhood leaped even more sharply. The average monthly rental rate for Brickell jumped 17 percent to $2,242 in the first nine months of 2012 from the same period in 2010, while the rent per square foot spiked 28 percent over that period, according to additional data from Focus Real Estate Advisors and MLxchange.

Fueling the price increases: Strong demand for rental units and the growing popularity of the downtown and Brickell areas as new restaurants and entertainment spots help mold an urban core that is attractive to young professionals and students but also to an increasingly diverse crowd.

“It’s become like a restaurant Mecca in Brickell,” said Denise Sicuso, sales manager for Esslinger-Wooten-Maxwell Realty’s Brickell downtown office, which handles lots of condo rentals and sales in the area.

With Brickell CitiCentre, a massive $1.05-billion mixed-use complex with retail, entertainment, office and residential, going up at 701 South Miami Avenue, “the interest in the neighborhood is only increasing,” Sicuso added. “When we get rental listings, they’re gone within a week.”

More than 95 percent of rental units in the greater downtown Miami area are occupied, according to the Downtown Development Authority study.

Demand for rental units is strong for many reasons: Tough lending standards for mortgages are making it difficult for many people to buy a home. Coming out of the recession and housing meltdown, many people have credit histories that exclude them from becoming buyers. Others simply don’t want to own.

At the same time, a steady influx of foreigners and others relocating to Miami is bolstering rental demand, as is the gradually improving economy that is enabling some young people who had moved back to the nest with their parents to get their own place.

“There is pent-up demand for rentals, not unique to the downtown or Brickell area,” said Craig Werley, president of Focus Real Estate.

Another factor: Many of the professionally managed rental apartment buildings in South Florida were converted into condominiums before the real-estate market crashed.

Professionally managed apartment buildings account for just 10 percent of Miami’s rental market, down from 20 percent in 2000, according to Werley.

While there is a major push by developers and institutional investors to build more multifamily rental units in South Florida (and around the country), the lag time before new rental units would come to market means supply will be tight for some time.

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What’s open and closed for Thanksgiving

Thursday is Thanksgiving. Here is a list of what’s open and closed for the holiday on Thursday and Friday.

Federal offices: Closed Thursday

State offices: Closed Thursday and Friday

Miami-Dade and Broward county offices: Closed Thursday and Friday

Miami-Dade and Broward courts: Closed Thursday and Friday

Public schools: Closed Thursday and Friday

Post offices: Closed Thursday

Stock markets: Closed Thursday, closing early Friday

Banks: Closed Thursday

Tri-Rail: Will run a weekend schedule Thursday

Miami-Dade and Broward transit: Will run a Sunday schedule on Thursday

Garbage collection: Normal schedule in most cities

Malls: Closed Thursday, many opening very early Friday

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Fitch cuts Sony, Panasonic debt ratings to “junk” status

TOKYO (Reuters) – Ratings agency Fitch downgraded the debt ratings of Japan’s Sony Corp and Panasonic Corp to “junk” status citing weakness in their consumer electronics and TV operations, further diminishing the luster of the once-great Japanese brands.

The cut to below investment grade, the first by a ratings firm, comes as the floundering Japanese tech giants face weak demand and fierce competition from Apple Inc and Samsung Electronics.

A strong yen and bumps in China, where growth has slowed and Japanese goods have been targeted in sometimes violent protests recently, have also weighed on their earnings.

The two companies, along with Sharp Corp, racked up combined losses of $ 20 billion last year, leading them to axe jobs, sell assets and close facilities.

“Both Sony and Panasonic are struggling to generate operating profits, but each is restructuring and I don’t envision the current situation continuing,” said Masahi Oda, Chief Investment Officer at Sumitomo Mitsui Trust Bank.

“A collapse of their core business would be a problem, but we are not at the point yet, and to me Fitch looks too negative,” Oda added.

Fitch downgraded Sony by three notches to BB-minus from BBB- minus, saying meaningful recovery will be slow. The move came after Sony, the maker of PlayStation game consoles and Vaio laptops, last week announced plans to raise 150 billion yen ($ 1.82 billion) through the sale of convertible bonds.

“Fitch believes that continuing weakness in the home entertainment and sound and mobile products and communications segments will offset the relatively stable music and pictures segments and improvement in the devices segment which makes semiconductors and components,” it said in statement.

In a separate statement, Fitch cut Panasonic to BB from BBB-minus, a two-notch downgrade, citing weakened competitiveness in its TVs and display panels as well as weak cash generation from its operations. It has a negative outlook on both the companies.

The downgrade sent Sony’s five-year credit default swaps (CDS), insurance-like contracts against debt default or restructuring, 5 basis points wider to 382.5/402.5 basis points.

Panasonic’s CDS for the same maturity were quoted at 295/315 basis points, 15 basis points wider than in Thursday morning Asian trade.

Standard & Poor’s rates the two consumer electronics makers at BBB, the second lowest of the investment grade, while Moody’s Investors Service has Baa3 on them, the lowest of the high-grade category.

With two of the three major ratings agencies still having the two companies as investment grade, institutional investors won’t face too great a pressure to cut their debt holdings in them, analysts said.

SONY SHARES TUMBLE

Sony shares shed 4.4 percent in Frankfurt on Thursday. The shares ended 1.8 percent higher at 834 yen in Tokyo before the Fitch announcement, trading not too far from their 32-year closing low of 793 yen hit on November 15. Sony stock is down 40 percent so far this year.

Panasonic shares were down 0.6 percent in Frankfurt in low volume. The stock inched up 0.7 percent to close at 407 yen in Tokyo trading, near its 34-year closing low of 385 yen reached on November 13.

Last month, Panasonic cut its forecast and warned it will lose close to $ 10 billion in the year to March, as it writes off billions of yen in tax-deferred assets and goodwill related to its mobile phone, solar panel and small lithium battery businesses.

Ahead of its earnings revision, Panasonic won $ 7.6 billion in loan commitments in October from banks including Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group, a funding backstop it says will help it avoid having to seek capital from credit markets.

Sony made a small operating profit in the July-September quarter, helped by the sale of a non-core chemicals business, and kept its forecast for a full-year profit of $ 1.63 billion.

(Additional reporting by Dominic Lau in Tokyo and Umesh Desai in Hong Kong; Editing by Muralikumar Anantharaman)

Tech News Headlines – Yahoo! News

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