Fed aims for a 6.5% jobless rate

Six and a half percent unemployment in America would mean almost 2.1 million more people working than today. At the rate the country has been creating new jobs each month, it would take more than a year to find work for that many people.

Keep 6.5 percent in mind this week when the Federal Reserve meets Tuesday and Wednesday to talk about its efforts to push interest rates down. The hope is that the cheap cash will spur on investment leading to job creation. After all, the central bank has promised to keep its target interest rate near zero as long as more than 6.5 percent of Americans in the workforce are without work. The Fed has put other conditions on maintaining its historically low interest rate such as low inflation, but official measures remain tame. So its job growth the Fed is looking for.

It won’t have to wait long for the latest update. On Friday the first jobs report of 2013 will be released. Hiring has been a slow grind but it has been positive.

Finding work in January, though, can be tricky. Winter weather, a hangover from the holidays and seasonal work ending can slow down hiring.

It will be months, maybe even a couple of years before the U.S. unemployment rate hits 6.5 percent. There is nothing magical about that number, but as long as the Federal Reserve has it in its sights, so should we.

Tom Hudson is anchor and managing editor of Nightly Business Report, produced by NBR Worldwide and distributed nationally by American Public Television. In South Florida, the show is broadcast at 7 p.m. weekdays on Channel 2. Follow him on Twitter, @HudsonNBR.

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Broward contractor accused of accepting bribe for Florida Keys roadwork

A Pompano Beach contractor has been charged by federal authorities with bribery for accepting money to steer a state Department of Transportation contract to a subcontractor working on traffic signals in the Florida Keys, the U.S. Attorney's Office said.

Ron Capobianco Jr., 40, is charged with committing bribery in connection with programs receiving federal funds. If convicted, he could get 10 years in prison. He had his first appearance before U.S. Magistrate Judge Barry Seltzer Wednesday morning.

He is accused of accepting $4,000 for steering a $25,000 contract to a subcontractor. Prosecutors did not say who that subcontractor is or whether the subcontractor approached authorities or they approached the subcontractor.

Prosecutors say Capobianco worked as an engineering and inspection consultant at Miami's Metric Engineering Inc. DOT contracted with Metric to provide services including designing, inspecting and troubleshooting construction of roads, signs and traffic signals.

DOT considered Capobianco an expert on signalization and lighting construction, including the use of video cameras for traffic signalization and control. Prosecutors say that around 2009, DOT began its work in Marathon to improve traffic flow.

They say that around May 2009, an agent of the subcontractor offered to pay Capobianco $5,000 if the subcontractor could receive at least $25,000 to install video detection equipment. Capobianco reportedly agreed to the deal, enabling the subcontractor to make a significant profit.

The subcontractor's estimate was approved and subsequently paid by the state after the equipment was installed. Then around May 2009, Capobianco reportedly met with an agent of the subcontractor in Plantation in Broward County and was paid $4,000 in cash for his help getting the subcontractor the work.

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James Franco, Rachel Weisz Oz The Great and Powerful Posters

Oh My!

The release of Oz the Great and Powerful is just over a month
away, and in anticipation for the return of this famous story to the big
screen (there is a twist of course), Disney released some rather
telling character posters. One of which shows Rachel Weisz (Evanora) in
her best witch wear, and in the other, we see James Franco (Oz) giving a
greeting with his top hat. Also starring Michelle Williams and Mila
Kunis, the new Oz film, out March 8th, is about a Kansas
con-artist who is swept into a magical land where he must fight an evil
sorceress. Click the pics for a closer looks at the fun film posters.

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Al Shabaab says enemies closed its Twitter account

MOGADISHU (Reuters) – Al Shabaab on Friday said its Christian enemies had closed its Twitter account, which the Somali militant group used to parade hostages, mock rivals and claim responsibility for bombings and assassinations.

The group’s official Twitter account, which has thousands of followers, was offline on Friday with a message saying “Sorry, that user is suspended”.

It was not immediately clear why the account, which was created in 2011 under the HSM PRESS Twitter handle, was suspended. The account was still unavailable as of 1233 GMT.

On Wednesday the al Qaeda-aligned rebels used the social media site to threaten to kill several Kenyan hostages and on January 17 announced the execution of a captive French agent after a French commando mission to rescue him failed.

“The enemies have shut down our Twitter account,” al Shabaab‘s most senior media officer, who refused to be named, told Reuters.

“They shut it down because our account overpowered all the Christians’ mass media and they could not tolerate the grief and the failure of the Christians we always displayed (online).”

Al Shabaab wants to impose their strict version of sharia, or Islamic law, across Somalia. However, it has lost significant territory in the southern and central parts of the country in the face of an offensive by African Union troops.

Twitter said it does not comment on individual accounts and the Kenyan government denied it had filed any request for the account to be taken down.

“It’s an emphatic no. We would not try to negotiate or have anything to do with the Al Shabaab. We didn’t even know the account was suspended,” said government spokesman Muthui Kariuki.

Al Shabaab posted on the account on Wednesday a link to a video of two Kenyan civil servants held hostage in Somalia, telling the Kenyan government their lives were in danger unless it released all Muslims held on “so-called terrorism charges” in the country.

“Kenyan government has three weeks, starting midnight 24/01/2013 to respond to the demands of HSM if the prisoners are to remain alive,” the group said.

Despite the closure of the Twitter account, al Shabaab said it would continue to “display the loss and grief of Christians no matter what means we use,” al Shabaab’s spokesman said.

Internet News Headlines – Yahoo! News

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Bloomberg on micro living: I did it for 10 years

He invented the industry-shattering "Bloomberg Box," but young Mike Bloomberg was a flop when it came to putting up a single bookshelf.

The billionaire mayor, one of the wealthiest men in the US, got to reminiscing about his about his early days in New York in the '60s when the discussion on his weekly WOR radio show turned to the 55 "micro" apartments of 250 to 370 square feet that are planned near Bellevue Hospital.

"It's bigger than the apartment I lived in for 10 years, or roughly the same size," Bloomberg recalled, referring to a 325-square-foot fitted-out model at the Museum of the City of New York, where the micros were debuted.

Getty Images

Mayor Bloomberg

"I used to sleep on a couch sometimes, where you'd open the couch up and it was a pain to take the pillows off and everything and then open it up and make the bed."

The mayor said all his furniture came from the Door Store or Alexander's -- the East Side department store that closed in 1992 -- and when he tried his hand at self-made furnishings the results were laughable.

"I made my own shelves and then I stained them and then the shelves warped," Bloomberg said. "For 10 years, my books rocked back and forth. I was so annoyed with myself. I should have thought of that."

Records show Bloomberg, who made a king's fortune from Bloomberg terminals that provide financial data, now holds title to 11 homes around the world.

On another housing issue, the mayor said he sympathizes with homeowners in Sandy-damaged districts who have no heat and won't re-locate.

"If it were me, I might very well stay at home," he said. "Cold showers are not fun and living with lots of clothing is not fun. But, you know, it's your home. I don't know what I would do. I certainly would not rule out staying at home."

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Lennar design accommodates multigenerational families

In some cases, it may be Grandma moving in with the family. Other times, it may be a recent college graduate returning to the nest.

For all sorts of reasons — financial, medical, personal — a rising number of Americans are moving into extended family households.

Spotting a niche in the growing trend, Lennar Corp. has launched a new concept tailor-made for multigenerational family living.

It’s basically a house within a house: a smaller living unit next to the main home designed to provide independence but also access to the rest of the family household.

“People are really loving the whole concept,” said Carlos Gonzalez, president of the southeast Florida division of Lennar, a Miami-based home-building giant. “We adapted to the market from a design standpoint.”

In Miami-Dade County, Lennar is selling various versions of multigenerational homes in three new developments in Doral, Kendall and Homestead.

Louis Moreno of Kendall and his wife, Danilza Velez, signed a contract for a large NextGen home in The Vineyards development in Homestead last October — even before the models had been built.

“We loved it,” said Moreno, a 45-year-old engineer.

Moreno said his mother-in-law will be able to use the new suite when she visits, as will his family members who frequently come to town from Puerto Rico. “This will provide them with more comfortable space and more privacy,” he said. He also plans to use it as a game room and entertainment area.

The two-story Zinfandel home Moreno picked has three bedrooms and 2 1/2 bathrooms in the main home with a family room and two-car garage. In addition, it has an ample 789-square-foot suite with two bedrooms, a bathroom and a kitchenette. The suite has its own garage, a separate front entrance and an internal door connecting to the main home.

The Zinfandel, which has 2,249 square feet of air-conditioned space in the main house, starts at $283,990 in the Homestead community at 128 SE 28th Ter., but a similar home in Kendall would run about $100,000 more, primarily because of higher land costs, Fernandez said. (In Doral, there is a NextGen home priced at $677,990.)

Some multigenerational models have suites as small as 489 square feet, but all have a separate entrance, a bedroom, a bathroom and some sort of kitchen space.

The idea takes various shapes. One option at the Kendall Square development at 16950 SW 90th St. is a Granny unit above a detached garage.

“Independence is the key word,” said Frank Fernandez, director of sales and marketing for the southeast Florida division.

Depending on local zoning rules, some homes can have full kitchens, others are restricted to kitchenettes with a microwave but no stove. Similarly, some municipalities permit the space to be used as a rental, others prohibit it.

The choice is proving popular. Fernandez said in The Vineyards development in Homestead, 10 of the 14 homes sold to date are NextGen. At Kendall Square, 35 of 107 sales are multigenerational, and at the Isles at Grand Bay development at 11301 NW 74th Street in Doral, five of 48 houses are.

Adapting homes for special needs, such as wheelchairs and safety railings, is done at cost, Fernandez said: “That is company policy.”

As one of the nation’s largest home builders, Lennar has been rebounding strongly from the housing crash. Last week, the builder, whose shares trade on the New York Stock Exchange, posted better than expected earnings for the fourth quarter and fiscal year ended Nov. 30, 2012.

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Miami-Dade County Commission helps Miami Dolphins more than voters

If deceptive inconsistency were currency, the Miami-Dade County Commission could make a mint.

And the Miami Dolphins would be happy for it. That way, the county commission could simply give the money away to help cover the football club’s $400 million stadium renovation plan.

Unable to do that, the commission Wednesday urged the Legislature to give the county the authority to raise hotel taxes and give the Dolphins an additional $3 million annual state subsidy.

The plan has the slimmest of chances in the Florida Legislature. It’s controlled by Republicans, many of whom can’t afford to run in a GOP primary where they can be accused of voting to raise taxes or of doling out corporate welfare or both.

But the county commission asked anyway. Despite the long odds.

Is this the same county commission that decided not to ask the Florida Legislature to reinstate 14 early voting days because of the long odds in Tallahassee?

Why yes, yes it is.

“I’m not sure that you’re going to get 14 days out of the state Legislature,” Miami-Dade Mayor Carlos Gimenez said Dec. 14 when a county election advisory group reviewed Election Supervisor Penelope Townsley’s proposal for two full weeks of early voting.

So the commission essentially negotiated with itself and asked for nine days of early voting. That’s just one more than the current eight days, which (coupled with county bumbling over precincts and early voting sites) helped lead to exceedingly long and embarrassing voting lines. The lines stretched for more than eight hours in some places, and made Florida and Miami a national elections embarrassment.

Again.

Even Gov. Rick Scott, who signed the early voting cutback and refused to extend early voting days, realized what a politically bad idea eight days of early voting is. Scott recently proposed a return to 14. That’s not a guarantee it’ll return to 14 days, but it’s a good indication of strong support.

So the commission didn’t ask. Despite the short odds.

The argument was bogus at the time. The commission often urges the Legislature to do things it might not do.

At best, it’s inconsistent. At worst, it’s deceptive. In reality, it’s both. Whether the commissioners are self-deceived or not will take some figuring.

But it’s a good idea of where their priorities are.

More early voting? Well, let’s not ask too much.

Money for a football stadium? Hell, let’s ask for $200 million from taxpayers.

But not every commissioner is to blame.

County Commissioner Esteban “Steve” Bovo, who incidentally supported nine days of early voting, was at least consistent and was one of four commissioners to oppose the Dolphins deal as well. Bovo was a state legislator and said his former colleagues won’t go along with the idea. Also, he said, the last stadium deal from the county was a stinker.

Said Bovo: “The stench of the Marlins deal is in the pores of everything this is about.”

That ain’t the only thing that stinks.

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Samsung’s iPad mini rival, the Galaxy Note 8.0 tablet, revealed in leaked images

While Samsung (005930) has had tremendous success over the past year with its Galaxy brand of smartphones, the company hasn’t been able to generated the same amount of buzz for its Galaxy tablet line just yet. But now SamMobile points us to the first leaked pictures of Samsung’s new Galaxy Note 8.0 that the company hopes will become its flagship tablet in 2013. The pictures, posted on Italian website DDAY, show an 8-inch white tablet that looks like a large Galaxy S III and features thicker side bezels than Apple’s (AAPL) recently released iPad mini. The pictures also show off the new tablet display’s 16:10 aspect ratio with a resolution of 1280 x 800 pixels, which packs more pixels per inch than the iPad mini display and its 1,024 x 768 resolution. We’ll get our first official glimpse of the Galaxy Note 8.0 when Samsung shows it off at Mobile World Congress next month.

[More from BGR: The ultimate humiliation: Dell now getting advice from the ‘Dell Dude’ on how to fix company]

This article was originally published on BGR.com

Gadgets News Headlines – Yahoo! News

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Allison Williams Impersonates Dad Brian Williams

Allison Williams admits that when your dad is NBC Nightly News anchor Brian Williams, the man who knows "a lot about a lot," it's hard to tell him anything he doesn't already know. But as his daughter, the Girls star shares with Jimmy Kimmel some inside embarrassing information about the news man and does an impression of her father reading her obituary. It's not as eerie as it sounds!

"I have never once in my entire life broken something down for my dad," Allison said on Wednesday night's Jimmy Kimmel Live! "He's been eight months ahead of me music-wise forever."

In fact, it was her 53-year-old father that first introduced her to Hanson when the brother band was coming up. "Let's just put that out there. He was a fan of Hanson," she revealed.

RELATED: Allison Williams: My Grandparents Saw My Solo Sex Scene

When asked about her dad's reporting, the actress did admit that she wonders how he'd read her obit if ever she were to die. Of how he would announce the death on Nightly News, she joked, "And then he would pause and just sort of look down and say, 'She will be missed. We'll be right back with more news on how you can save on your hard medication.'"

RELATED: Lena Dunham: Brian Williams Is Always On Set

The laughs didn't stop there! Check out Allison and Jimmy's impersonation of royal couple Kate Middleton and Prince William:

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WATCH: Te'o and Couric on his phone calls with 'Lennay Kekua'

Manti Te'o remains doubtful that accused hoaxer Ronaiah Tuiasosopo was the voice he spent hours talking and listening to over the phone, according to a new preview of his interview with Katie Couric, which is set to air in full today.

Te'o reportedly had 1,000 calls with someone he thought was "Lennay Kekua," including one in which he claims to have heard her come out of her coma.

WATCH: TE'O 'HOAXER' IN AWKWARD HUG WITH GRIDDER AFTER USC GAME

Te'o told Couric that he heard breathing followed by her whispering his name.

Couric said Te'o told her, when asked whether he thought it could have been Tuiasosopo, or a man, on the phone, "It didn't sound like a man; it sounded like a woman. If he somehow made that voice, that's incredible. It's an incredible talent to do that, especially every day."

Couric, who's heard the voicemails, said the voice sounded like a woman to her, too.

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