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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Somalia militants’ Twitter account down after hostage threat

NAIROBI (Reuters) – A Twitter account run by Somali militant group al Shabaab was unavailable on Friday, days after the al Qaeda-aligned rebels used the social media site to boast about killing a French agent and threatened to kill several Kenyan hostages.

Al Shabaab often used its Twitter account to claim responsibility for attacks on African Union and Somali government troops, as well as senior officials in the Horn of Africa nation and other bombings in the region.

But the militant group’s official Twitter account, which had 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 0930 GMT.

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.

Last week the rebel group said on its Twitter account that it had executed French agent Dennis Allex, who was held hostage since 2009, after a French commando mission to rescue him failed.

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.

(Reporting by Drazen Jorgic and George Obulutsa; Editing by Jon Boyle)

Social Media News Headlines – Yahoo! News

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Amanda Seyfried Calls Mean Girls Her Best Work

Despite being fresh off an Oscar-nominated film (Les Miserables), Amanda Seyfried apparently holds a soft spot for her breakout film Mean Girls, calling it her "best work" to date.

"I was so innocent. I was so green," reflects Seyfried in an interview with Indiewire. "I still look back at Mean Girls as my best work."

Pics: Amanda Seyfried as Porn Star Lovelace

The 27-year-old star stole the show playing the lovably ditzy Karen Smith in the 2004 comedy. Interestingly enough, Seyfried had little confidence in her on-screen work at the time.

"I look back and I’m like, 'Really, I thought I was doing a terrible job.' But it was written so well and so wonderfully directed," says the actress. "Mark Waters (the director) made me look good; he made me funny. And Tina Fey wrote the coolest script of all time."

Now, quite a bit more assured in her abilities, Seyfried is gearing up to show off her chops (and much more) as '70s porn star Linda Lovelace in the new biopic Lovelace. When asked about her reservations in taking on such a risque role, the star says she felt surprisingly comfortable disrobing and simulating sexual acts on film.

Video: SJP Talks About Replacing Demi Moore in 'Lovelace'

"I don't know why I’m comfortable. Nudity: whatever! Sex: we all do it," Seyfried explains to Indiewire. "There's a time and a place to be naked. There's no part in this movie that makes me think, 'Oh, wow, she's naked.' She's a porn star! We simulated some scenes but there's no graphic content in this movie, at all. I mean the graphic stuff is when he's raping me on my wedding night. You see my skirt go up over my head when I’m being gang raped, but it's like, so perfectly done."

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Mayor Bloomberg blasted at candidates forum

William Miller

New York City mayoral hopeful Joseph Lhota at at a Thursday forum discussion.

It looks like Mayor Bloomberg is in for a very long campaign year.

The mayor got battered last night at a forum in the East New York section of Brooklyn that featured Republican contender Joe Lhota in his first appearance with other candidates.

The former MTA chairman offered carefully constructed responses to questions that focused on affordable housing before a packed audience at the St. Paul Community Baptist Church.

But most of his Democratic rivals, as well as Republican hopeful Tom Allon, unloaded at just about every opportunity at Bloomberg.

"It's quite possible Mayor Bloomberg does not know what mold is," mocked Comptroller John Liu when the questioning turned to the city's response to super-storm Sandy.

All six candidates agreed the city hasn't done enough to help residents still struggling to recover.

"This is a city administration that wanted to run a marathon while people were just moving into shelters and unfortunately bodies were still being found," said former Comptroller Bill Thompson.

City Council Speaker Christine Quinn, who is closest the the mayor of all those running, said mold removal should have been included in the "rapid repairs" program initiated by the city after a homeowner from Gerritsen Beach said hundreds of homes there might be lost due to spreading contamination.

Bloomberg has said that he doesn't intend to respond to every single issue raised by his would-be successors.

But Deputy Mayor Howard Wolfson felt compelled to tweet last night, "Reality check-- Bloomberg at 65-23 (per cent in polls) on Hurricane Sandy performance."

The harshest attacks on the mayor came during a discussion of the Housing Authority and its embattled chairman, John Rhea.

Public Advocate Bill de Blasio charged that the agency can't function well "if the mayor doesn't care about people who live in public housing. There's an old colorful Sicilian expression that says the head stinks from the head down."

Longshot GOP hopeful Tom Allon went him one better by describing Rhea as the "Cathie Black" of housing, a stinging reference to the schools chancellor appointed by the mayor who lasted 96 days.

There's not much political downside for the Democratic candidates hammering away at Bloomberg before the primary, where the electorate tends to lean to the left and the mayor is an easy target.

The one place where Bloomberg got some credit was his ambitious program to build or rehabilitate 165,000 housing units before he leaves office, the largest such project in the nation.

Every candidate pledged to keep that pace of 15,000 added apartments a year. None explained how they'd paid for them.

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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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Last call? Iconic Keys bar closes indefinitely

One of Marathon's most iconic watering holes is closed for the foreseeable future.

Famous for its Sunday night jam sessions and waterfront Boot Key Harbor location, Dockside Bar & Grill co-owner Brian Sweeney said Monday that the business has been closed since mid-December for significant renovations.

"Basically, we're rebuilding the floor," he said. "We're going to put in new pilings and make the building safer than it was. You can't have people in a restaurant if you're concerned about the floor."

Sweeney said the repairs were a long time coming because of concrete poured improperly some 20 years before. He said he's been working with an architect and general contractor on the project.

Sweeney said it was an "owner's decision" to move forward with the remodel. He said the decision did not involve lessees Tony and Caitrin Piscetello.

"We just decided we wanted to get it done. Whatever he has planned, we'll discuss it with him," Sweeney said.

Caitrin declined to discuss specifics, but said she and her husband would not be involved with the reopening of the bar.

"We are not opening it back up; we've removed ourselves from the location," she said. "The building has needed repair for quite some time and they came in to fix it."

Dockside has undergone change in recent years. Sweeney said it was sold to L & E Entertainment "four or five years ago," L & E later defaulted on the mortgage and turned it back over to Servais, Sweeney and Johnson Property Company LLC. The Piscetellos took over one year ago.

Sweeney said he's already had several inquiries about the business, and that "you've got to kiss a lot of toads" before you find the right match.

"I've gotten a lot of interest," he said.

Sweeney added that renovations would likely carry on through the end of tourist season, so renovations won't be rushed. There is no target date to reopen, he said.

"It's just too early to tell," he said.

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SAG Awards Flashback: Helen Mirren 2007

Helen Mirren has received many accolades for her acting over the years, but no year was more special for her than 2007. The nominations and awards came crashing over the English actress for her roles as Queens Elizabeth I and II. Backstage after winning an award at the SAG Awards, Dame Mirren finds her king.

At that year's SAGs, Mirren was nominated for both of her Queen Elizabeth performances: Best Actress in a TV Movie or Miniseries for Elizabeth I and Best Lead Actress for The Queen. She had just received Golden Globes for the two acclaimed performances and was nominated for what could be her first Oscar.

It was an exciting year for Mirren, who embraces her "Woman of the Year" tag from ET's former correspondent Jann Carl but wishes that the sweetness of her success weren't so concentrated.

VIDEO: Oscars Flashback '07: Helen Mirren and Jamie Foxx

Also having a career year for his acting was Forest Whitaker, who received a Golden Globe, SAG, and an Oscar for his role in The Last King of Scotland, which was also written by The Queen writer Peter Morgan.

Although he didn't literally play a king in the film, Whitaker takes on a royal persona when congratulating Mirren backstage for her win, spoiling her with compliments and kisses.

"There's nothing like that particular role," she says of her role as Elizabeth I. "...It demanded everything you had as an actress/actor and I gave it everything that I had, everything. It means so much to me for it to be recognized here in America."

RELATED: Helen Mirren to Play the Queen Again

Her success at that year's awards season was beyond mere recognition; it bordered more on the lines of idolatry. Or fittingly: worship.

Mrs. Mirren went on to win her other award that night for The Queen and also won the Oscar a few weeks later for her role in the film.

While she has since stepped down from her royal platform, she has another opportunity to add to her SAGs collection with a nomination for her leading role as Alfred Hitchcock's wife in Hitchcock.

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It’s plenty of 20 – plus flurries

When they say it’s “too cold to snow,” don’t believe them. A dusting of 1 to 2 inches is expected when snow showers develop tomorrow afternoon and continue into the evening.

Before that we’ll get more struggling sunshine today, with temperatures peaking at 21 degrees — but icy winds feeling like only 2 degrees. Tonight’s low temperature will be about 13, forecasters said.

Tomorrow’s temps should be more of the same, with a high around 22 degrees.

The weekend will be warmer, but just a bit. Saturday’s high is expected to be 24 and Sunday’s will be 27.

Don’t expect relief until next week. Forecasters say temps will finally go above freezing and hit 36 on Monday, 40 on Tuesday and a positively balmy 48 onWednesday. Andy Soltis

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Miami Dolphins slam Norman Braman, Marlins Park deal

The Miami Dolphins ramped up their public campaign for a tax-funded stadium renovation this week, buying full-page ads against their top critic and trying to distance the plan from the unpopular Marlins deal.

The team bought an ad in Tuesday’s Miami Herald and El Nuevo Herald knocking auto magnate Norman Braman’s criticism of the Sun Life Stadium deal, which would have Florida and Miami-Dade split the costs with owner Stephen Ross for a $400 million renovation. The Dolphins would pay at least $201 million, with taxpayers using state funds and a higher Miami-Dade hotel tax to pay $199 million.

In a fact sheet sent to media Tuesday morning, the Dolphins listed ways their deal differs from the 2009 Marlins deal. First: Ross, a billionaire real estate developer, would use private dollars to fund at least 51 percent of the Sun Life effort, compared to less than 25 percent from Marlins owner Jeff Loria. Second, Sun Life helps the economy more than the Marlins park does.

“Just because the Marlins did a bad deal doesn’t mean we should oppose a good deal where at least a majority of the cost is paid from private sources and more than 4,000 local jobs are created during construction alone,” the fact sheet states. And while the Dolphins’ Miami Gardens stadium has hosted two Super Bowls since 2007 and is in the running for the 2016 game, “Marlins Stadium does not generate the ability to attract world-class sports events -- other than a World Series from time to time depending on the success of the team.”

NFL teams play eight home games a year if they don’t make the playoffs, while baseball teams have 81.

Miami and Miami-Dade built the Marlins a $640 million stadium at the site of the Dolphins’ old home at the Orange Bowl in Little Havana. The Marlins contributed about $120 million and agreed to pay between $2.5 million and $4.9 million a year for 35 years to pay back $35 million of debt the county borrowed for the stadium. As a publicly owned stadium, the Marlins ballpark pays no property taxes. Most of the public money came from Miami-Dade hotel taxes, along with $50 million of debt tied to the county’s general fund.

Sun Life is privately owned and pays $3 million a year in property taxes to Miami-Dade. It currently receives $2 million a year from Florida’ s stadium program, a subsidy tied to converting the football venue to baseball in the 1990s when the Marlins played there. The Dolphins also paid for a second full-page ad with quotes from leading hoteliers in Miami-Dade endorsing the stadium plan. Among them: Donald Trump, whose company recently purchased the Doral golf resort. “Steve Ross’ commitment to modernize Sun Life Stadium -- while covering most of the construction costs -- is the right thing for Miami-Dade,’’ the ad quotes Trump as saying.

Also on Tuesday, Ross and team CEO Mike Dee sent a letter to Miami-Dade Mayor Carlos Gimenez and county commissioners requesting negotiations over the stadium deal. The letter said the deal Ross unveiled last week is a “baseline for debate” and asked for talks. The letter also urged the commission to adopt a resolution proposed by Commissioner Barbara Jordan endorsing the state bill that would allow taxes for Sun Life. The resolution is on the agenda for Wednesday’s commission meeting.

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