Bicyclist struck, killed near Aqueduct Racetrack
Label: HealthKendall Rodriguez
A man was killed Friday night while riding a bicycle near Aqueduct Racetrack, police said.
The unidentified man was struck by a horse trailer in the racetrack parking lot near 114th Street and 150th Avenue in Queens at around 5:20 p.m., police sources said. The victim was pronounced dead at the scene.
The trailer, which had “Belmont Park” and “Saratoga” written on its side, could be seen several feet from the man’s body, meaning the trailer likely struck the man without immediately stopping, sources said.
Police do not suspect criminality.
Events showcase Miami’s growth as tech center
Label: Business
One by one, representatives from six startup companies walked onto the wooden stage and presented their products or services to a full house of about 200 investors, mentors, and other supporters Thursday at Incubate Miami’s DemoDay in the loft-like Grand Central in downtown Miami. With a large screen behind them projecting their graphs and charts, they set out to persuade the funders in the room to part with some of their green and support the tech community.
Just 24 hours later, from an elaborate “dojo stage,” a drummer warmed up the crowd of several hundred before a “Council of Elders” entered the ring to share wisdom as the all-day free event opened. Called TekFight, part education, part inspiration, and part entertainment, the tournament-style program challenged entrepreneurs to earn points to “belt up” throughout the day to meet with the “masters” of the tech community.
The two events, which kicked off Innovate MIA week, couldn’t be more different. But in their own ways, like a one-two punch, they exuded the spirit and energy growing in the startup community.
One of the goals of the TekFight event was to introduce young entrepreneurs and students to the tech community, because not everyone has found it yet and it’s hard to know where to start, said Saif Ishoof, the executive director of City Year Miami who co-founded TekFight as a personal project. And throughout the event, he and co-founder Jose Antonio Hernandez-Solaun, as well as Binsen J. Gonzalez and Jeff Goudie, wanted to find creative, engaging ways to offer participants access to some of the community’s most successful leaders.
That would include Alberto Dosal, chairman of CompuQuip Technologies; Albert Santalo, founder and CEO of CareCloud; Jorge Plasencia, chairman and CEO of Republica; Jaret Davis, co-managing shareholder of Greenberg Traurig; and more than two dozen other business and community leaders who shared their war stories and offered advice. Throughout the day, the event was live-streamed on the Web, a TekFight app created by local entrepreneur and UM student Tyler McIntyre kept everyone involved in the tournament and tweets were flying — with #TekFight trending No. 1 in the Miami area for parts of the day. “Next time Art Basel will know not to try to compete with TekFight,” Ishoof quipped.
‘Miami is a hotbed’
After a pair of Chinese dragons danced through the audience, Andre J. Gudger, director for the U.S. Department of Defense Office of Small Business Programs, entered the ring. “I’ve never experienced an event like this,” Gudger remarked. “Miami is a hotbed for technology but nobody knew it.”
Gudger shared humorous stories and practical advice on ways to get technology ideas heard at the highest levels of the federal government. “Every federal agency has a director over small business — find out who they are,” he said. He has had plenty of experience in the private sector: Gudger, who wrote his first computer program on his neighbor’s computer at the age of 12, took one of his former companies from one to 1,300 employees.
There were several rounds that pitted an entrepreneur against an investor, such as Richard Grundy, of the tech startup Flomio, vs. Jonathan Kislak, of Antares Capital, who asked Grundy, “why should I give you money?”
Driver of fatal MIA bus crash that killed two offers his “deepest sympathy.”
Label: World
The driver behind the wheel of a bus that rammed into an overpass at Miami International Airport — killing two passengers and leaving many more injured — expressed his sympathies Thursday to those affected, while a group of survivors began speaking with a lawyer.
On Thursday, a relative sent out a short statement in Spanish from driver Ramon Ferreiro. In it, Ferreiro extended his “deepest sympathy” to the families of those killed in “the terrible accident.”
“I know there are no words of comfort for what happened, but my family and I are praying for all those affected and their loved ones,” he wrote in Spanish. “I’m emotionally and physically very shocked by what happened, and for this reason I ask you to respect my family’s privacy during this difficult time.”
The crash happened a few minutes before 7:30 a.m. Saturday. The bus carried members of a Jehovah’s Witness congregation on their way to the annual general assembly meeting in West Palm Beach.
Ferreiro, 47, took a wrong turn on Le Jeune Road. He sped past multiple signs warning of the low clearance at the airport’s arrival concourse, smashing the 11-foot-tall bus into an overpass.
Two people sitting in the front were killed; the remaining 30 passengers went to hospitals for examinations and treatment.
As of Thursday, four people from the crash remained at Jackson Memorial Hospital, spokeswoman Lidia Amoretti said. Of the group, three were in good condition and one was in critical.
Another eight people admitted after the crash already had been discharged.
And some of the survivors have begun speaking with West Palm Beach lawyer Patrick Cousins.
Cousins, who also is Jehovah’s Witness, said that members of his religion tend to shy away from legal battles, and that’s why he hopes to settle the matter with the bus service’s insurance company out of court.
The goal, he said, would be to get compensation for costs such as their hospital bills.
“We are not the type of people to create problems or issues,” Cousins said. “But this is not something we really created. We just want to make sure everybody gets their compensation.”
Saturday’s accident appears to be the first blemish on the record of both the driver and the bus company, Miami Bus Service Corp., which is owned by Mayling and Alberto Hernandez.
Ferreiro has a valid commercial driver’s license with the proper endorsement to carry passengers, according to records from the Florida Department of Highway Safety and Motor Vehicles.
New equity options exchange owned by Miami company starts trading on Friday
Label: Business
MIAX Options Exchange, a new fully electronic, equity options trading exchange, said it will begin trading on Friday.
MIAX Options Exchange is based in Princeton, N.J., but its parent company is Miami International Holdings. While MIAX’s executive offices, technology development center and national operations center are based in Princeton, additional executive offices, and a multi-purpose training, meeting and conference center will be located in Miami, the company said.
MIAX Options Exchange’s trading platform has been developed in-house and designed for the functional and performance demands of derivatives trading, the company said.
INA PAIVA CORDLE
To win in 2014, Florida Democrats must build on momentum
Label: World
Democrats just concluded their most successful Florida election cycle in more than three decades, not just delivering the state to President Barack Obama and re-electing Sen. Bill Nelson, but also picking up state House, state Senate, and Congressional seats.
But don’t get cocky, Florida Democrats. In many respects, 2014 is more important for the vitality of the party than 2012.
As you prepare to elect a new state party chairman there’s every reason to worry heading into the new election cycle, even against vulnerable Republican Gov. Rick Scott.
You won’t have the massive Obama grassroots machine registering and turning out tens of thousands of new voters. Or a lavishly funded TV campaign like Obama’s. And if past is prologue, Florida Republicans will have far stronger turnout than Democrats.
“Democrats have a long history of not coming out to vote in the non-presidential election years. We’ve seen that four times in a row,” Alex Sink, the 2010 Democratic nominee for governor and potential 2014 candidate, said in a Political Connections interview on Bay News 9.
“The big question I believe for Democrats in the next election is how much of that energy and enthusiasm that we had during this presidential election can carry on to the 2014 races,” Sink said. “I think it’s probably going to be unfortunately very difficult.”
On Jan. 26 in Orlando, Democratic Party leaders will elect a new leader to succeed former state Sen. Rod Smith of Alachua, who took the helm of the state party after a GOP wave left Democrats holding just one of Florida’s six statewide offices, Nelson’s Senate seat.
Against that change of leadership, there is no more important question facing the party than whether it can take advantage of demographic changes in Florida and come even close to following the model set by the Obama campaign.
“We’re at the threshold of a new Florida, and we’ve got to seize that opportunity,” said Alan Clendenin, an air-traffic controller and union organizer in Tampa running for party chairman against Annette Taddeo-Goldstein, a Miami-Dade County businesswoman and former candidate for Congress and County Commission.
“Demographics are on our side, the issues are on our side, the wind is at our back, and we just can’t screw it up,” said Clendenin, 53, whose extensive “Rebrand, Rebuild, Recruit” plan for the state party includes decentralizing to create at least five “regional hubs,” more emphasis on low-dollar fundraising, and a “bottom-up” structure for grassroots organizing.
A key to Obama winning Florida’s 29 electoral votes was his strong performance among African-Americans, Hispanics, and voters under 30 — overwhelmingly Democratic groups that tend to show up in much lower numbers during off-year elections.
“The question is how do we take what is the Obama coalition and translate that to a Democratic coalition that outlasts Obama,” said outgoing party chairman Smith.
Consider that in 2008 the Florida electorate was 42 percent Democratic and 39 percent Republican. Two years later, when Scott narrowly beat Sink, it was 45 percent Republican and 39 percent Democratic.
In non-presidential years, the Florida electorate is invariably older, whiter, and much more Republican.
Apple’s shares swallow biggest loss in four years
Label: TechnologyNEW YORK/SAN FRANCISCO (Reuters) – Apple Inc shares tumbled more than 6 percent on Wednesday, chalking up their biggest single-day loss in four years as fears grow about intensifying competition in the mobile device market.
Investors and analysts blamed the sell-off on a mix of factors, including a forecast by an influential research firm that the iPad maker is continuing to cede ground to rival Google Inc’s Android gadgets, and unconfirmed reports that at least one major stock-clearing house was raising margin requirements on Apple stock trades.
Analysts also cited fears about a hike in the capital gains tax in 2013 in the event that ongoing Washington fiscal negotiations fail, as well as news that Nokia had beat Apple to the punch by striking a deal to sell its flagship Lumia through China Mobile, that country’s largest wireless carrier.
Wednesday’s drop rounded off a bleak 10 weeks for the most valuable U.S. company.
The stock was one of the day’s biggest percentage losers on the S&P 500, shedding $ 35 billion of market value as more than 37 million shares changed hands — blowing past the company’s average daily volume over 50 days of 21 million.
Apple‘s shares, once among the most desirable of portfolio holdings, have headed steadily lower since September on growing uncertainty about the company’s ability to fend off unprecedented competition. This year saw a surge in sales of Amazon.com Inc’s cheaper Kindle Fire and Microsoft Corp’s first foray into the tablet market with its Surface.
Meanwhile, Samsung Electronics continues to chip away at the iPad‘s dominance with its Galaxy line.
The assault on Apple‘s consumer-electronics home turf presents a stiff challenge for CEO Tim Cook, who was elevated shortly before the death of Silicon Valley legend Steve Jobs and is now charged with keeping the world’s largest technology company humming.
“This is not going to be a short-term trend. This is a management test, of how well they can perform without Steve Jobs,” said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. Referring to Apple‘s new iPad mini, which is only a smaller version of the existing iPad, Battle said the company needs “another home run” for shares to return to levels around $ 700.
“They need another new product that hits it out of the park. Without that, they could get a gradual grind-down in confidence,” he said.
On Wednesday, research firm International Data Corp said Apple most likely shed market share in the tablet computer space in 2012. Its worldwide tablet market share will slip to 53.8 percent in 2012 from 56.3 percent in 2011, while Android products would increase their share to 42.7 percent from 39.8 percent, IDC said.
Concerns that tax rates on dividends and capital gains may rise next year were also cited as contributing to the Apple sell-off.
The stock’s massive market value meant Apple was almost single-handedly responsible for Wednesday’s 1.1 percent decline in the Nasdaq 100 Index.
Apple is still up 33 percent this year, but is down nearly 24 percent from its record high of $ 705.07, hit on September 21. The stock slid more than 6.4 percent on Wednesday to close at $ 538.7923.
BEFUDDLING SLIDE
Some analysts were perplexed at the fall from favor in Apple stock, which has been a staple in almost all growth portfolios. The company is expected to deliver reliably high revenue and earnings expansion for years to come, and one in two tablets sold globally remains an iPad.
It is now gearing up for the introduction of its latest iPhone 5 and iPad mini in international markets. It will begin selling the iPhone 5 in 50 countries in December, including China and South Korea.
“Apple stock is significantly more volatile than its earnings and innovation stream,” said Daniel Ernst, analyst with Hudson Square Research. “And yet the wind blows slightly from the south instead of the east one particular morning, and the stock is down 6 percent.”
“It makes no sense. There are lines around the block for their products all around the world,” he added. “No other company has that.”
Separately, Nokia said it will partner with China Mobile, in a sales deal that will give the Finnish company an opportunity to win back Chinese market share from Apple‘s iPhone.
But some analysts continue to believe the dominant carrier in the world’s largest cellular market will eventually embrace the iPhone as well.
“China Mobile already carries multiple smartphones from multiple vendors. We continue to expect China Mobile to add the iPhone in the back half of 2013,” Piper Jaffray’s Gene Munster wrote in a research note.
While lines for the latest iPad model appeared lighter than usual when it hit stores in November, Apple said at the time that demand was so strong that it “practically sold out of iPad minis.” It sold 3 million of the new iPads — including the full-sized version — in the first three days on the market.
Some analysts suggested that investors also sold shares of Apple amid uncertainty over ongoing fiscal negotiations in Washington. If no agreement is reached on the issue, higher tax rates on dividends and capital gains are possible in 2013.
Investors who had hoped for a special dividend this year, as many other corporations have announced on expectations of higher tax rates next year, may be disappointed as time is running out.
“If you were expecting a special dividend by year end, that’s less likely to happen because its December 5,” said Colin Gillis, an analyst with BGC Partners.
The fear of higher taxes on capital gains also has prompted some investors to lock in profits now, particularly on a stock like Apple, which has posted gains of at least 25 percent for four consecutive years.
“Depending on what happens with the (U.S. fiscal negotiations), rates could rise next year or they could stay the same,” said Battle, of Performance Trust Capital. “They will not be lower, so if you’re an investor who has seen gains in Apple, it is better to take those gains this year rather than next.”
Tax selling “can take a life of its own,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
“Some taxable investors take the gains, that creates some negative momentum, institutional investors are heavily weighted the stock and reduce exposure.”
Some market participants also cited reports by media including CNBC, which Reuters could not confirm, that margin requirements on the trading of Apple stock had been raised by at least one clearing firm.
(Additional reporting by Charles Mikolajczak in New York and Doris Frankel in Chicago; Editing by Bernadette Baum, Andrew Hay, Leslie Adler and Ken Wills)
Gadgets News Headlines – Yahoo! News
Dancing with the Stars Partners Reunite on Big Screen
Label: LifestyleDancing with the Stars pro Karina Smirnoff is joining her Season 12 partner Ralph Macchio in a new movie, Us Weekly reports.
RELATED: Ralph Macchio Gets 'Happily Divorced'
According to the news source, the 34-year-old dancer plays a woman who becomes the object of a 10-year-old boy's fascination when he sees her dancing in a neighboring house.
"It is a dream come true to have this opportunity in working with Ralph again," she says of her former dance partner who writes and directs the film. "He wrote such an inspiring script, and I'm grateful to be a part of it. The story is sweet but profound, and my character is very compelling. I'm loving the process!"
This is Smirnoff's first movie role but she gave her acting qualifications, saying, "I feel like I've always acted within a dance ... Now I get to just act, and I'm extremely excited for the opportunity."
2 tenants, 80 stories
Label: HealthDeveloper Larry Silverstein has formal proposals from two potential tenants for 3 World Trade Center, which if accepted would allow the developer to build the skyscraper to its full 80 stories, sources said.
Group M, a division of UK ad giant WPP, and law firm White & Case have sent statements saying they are interested in taking as much as 1.1 million square feet at the tower, said the sources, adding no terms have been agreed upon. A Silverstein spokesman,declined to comment.
Innovate MIA puts spotlight on startup community
Label: Business
If you think the next week is all about art, you may be surprised to learn there are also six entrepreneurship events vying for your time.
And that is all by design.
In much the way that Art Basel helped put Miami’s arts community on the international map, organizers of the first Innovate MIA hope their weeklong grouping of events will shine a light on the city’s growing tech startup community and its position as the gateway to Latin America.
Many of the events — ending with Florida International University’s Americas Venture Capital Conference — are after Art Basel. That’s also why the third annual AVCC was moved to Dec. 13-14 from its previous mid-November dates.
“Our message is come for Art Basel, and stay for AVCC,” said Juan Pablo Cappello, a lawyer, entrepreneur and investor who is on the steering committee of the venture capital conference and several other Innovate MIA events. And all week, there will be plenty of opportunities for Miami’s entrepreneurs, creatives and investors to mingle with their counterparts from all over the Americas and beyond.
In addition to the AVCC, there’s Incubate Miami’s DemoDay, where its class of startups present their companies, the martial arts-inspired TekFight and HackDay, which dangles a $50,000 cash prize. Endeavor, the global nonprofit that promotes high-impact entrepreneurship in emerging economies, is bringing its two-day International Selection Panel to Miami, and Wayra, an international accelerator, is holding a one-day event to showcase its promising startups from Latin America and Spain. It’s all part of Innovate MIA week: “I don’t think anything like it has ever been organized here in South Florida,” Cappello said.
The AVCC will be the big draw, with about 300 people expected to attend the two-day event at the JW Marriott Brickell. The conference, themed “Data, Design & Dollars,” will feature thought leaders from all over the world, particularly Latin America, and presentations by 29 selected companies. This year, the format has been overhauled and energized, with lots of short talks and more time for question-and-answer sessions and networking, said Jerry Haar, associate dean of FIU’s College of Business, director of the Pino Global Entrepreneurship Center and AVCC co-chair.
The AVCC’s 36 speakers include Martin Varsavsky, Argentine tech entrepreneur, investor and founder of Viatel, Ya.com, Jazztel and FON; Hernan J. Kazah, co-founder and managing partner at Kaszek Ventures and co-founder of Mercadolibre; and Jason L. Baptiste, CEO and co-founder of Onswipe. There’s also Michael Jackson, former COO of Skype and now a venture capitalist; Albert Santalo, founder and CEO of Miami-based CareCloud; and Bedy Yang of 500 Startups.
Chosen from more than 100 applicants, the 29 presenting companies hailing from all over the Americas will be giving either two-minute or five-minute pitches, fielding questions from a panel of judges and competing for prize packages valued at about $50,000. Eight of the startups are from South Florida: itMD, Kairos, Trapezoid Digital Security, Esenem, LiveNinja, OnTrade, Rokk3r Labs and Zavee.
The presenting companies have “proven innovation, proven management teams and the ability to scale well and be a pan-regional player,” said Faquiry Diaz Cala, president of Tres Mares Group and co-chair of AVCC. “The word is out this is a great place to come and pitch to great investors in addition to potentially being one of the prize winners.”
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