Panama Canal’s $5 billion makeover could be boon for South Florida

PANAMA CITY, Panama --
Huge yellow dump trucks resemble Tonka toys in a sand pile as they haul tons of rust-colored dirt and basalt rock from a 56-foot gash in the earth that will become a new access channel in the $5.25 billion expansion of the Panama Canal.

The trucks keep rumbling up muddy terraced slopes as a quick-moving storm blurs the horizon. The rain chases away workers pouring concrete for a mammoth set of locks that will lift super-size ships for their transit across the narrow Isthmus of Panama, but the crews are back in the pit as soon as the sun returns.

By April 2015, it will all be under water — ready for the ever-bigger vessels revolutionizing international trade. The expansion is expected to double the canal’s capacity.

The 2015 target is about six months behind schedule, but U.S. ports are still scrambling to ready their channels for so-called post-Panamax ships and some say they welcome the reprieve. At this point, Baltimore and Norfolk, Va. are the only ports along the Eastern Seaboard with channels deep enough to handle the vessels when they’re fully loaded.

Call it the race for deep water as ports up and down the East Coast, including PortMiami and Port Everglades, and along the Gulf of Mexico make plans to dredge their channels, shore up their docks or rustle up funding for renovations to receive the big ships. Many won’t be ready by the time water floods the new locks.

PortMiami in position to cash in

PortMiami is further along than most and is hoping that early advantage and its position as the first major U.S. port north of Panama will make it a preferred port of call for post-Panamax ships.

Latin American and Caribbean ports also are trying to figure out how to capitalize on the expansion.

As this new phase of canal construction nears completion with 13,000 people working around the clock, there is renewed interest in preserving the history of the old Panama Canal Zone as well as the legacy of those who worked and died building the canal.

While the 50-mile-long Panama Canal has provided a maritime shortcut between the Atlantic and Pacific for the past 98 years, it’s just about maxed out.

This year vessels from the four corners of the globe — car carriers from Japan, bulk carriers loaded with soybeans and wheat from the U.S. heartland, oil tankers, towering container ships carrying the output of Chinese factories to U.S. retailers — are expected to move a record 332 million tons of cargo through the waterway, said Jorge L. Quijano, chief executive of the Panama Canal Authority.

That’s only about 20 million tons short of the canal’s capacity, he said. The canal is also popular with cruise lines and dozens of cruise ships are being built that exceed the size limits of the current canal.

But the more immediate problem is that the huge cargo ships increasingly favored for trade with Asia are too wide, too long and too heavy for the current canal.

With a growing number of ships in the post-Panamax category — exceeding the specifications for the largest ship that can fit through the existing locks — the Panama Canal must expand or risk losing market share.

And post-Panamax vessels aren’t even the biggest on the high seas. Post-Panamax Plus ships, such as most U.S. tankers that carry liquefied natural gas bound for Asia, are five times too big for the Panama Canal.

Read More..

As feds probe police shootings, Miami department makes changes

One year after launching a civil-rights investigation, the U.S. Department of Justice has yet to announce its conclusions about the seven deadly police shootings of black men that rocked Miami in 2010 and 2011. But Miami Police Chief Manuel Orosa has submitted an action plan designed to head off court-enforced reforms from the federal government.

Orosa’s nine-page memo proposes more than a dozen organizational and procedural changes to the Miami department, including:

• Creating a major case squad from within the homicide bureau to investigate police shootings and other high-profile cases;

• Establishing a three-member board to review police shootings, SWAT missions and car chases;

• Increasing the number of officers assigned to Internal Affairs, and having them analyze potential patterns in complaints from the public;

• Forbidding officers involved in a shooting from returning to duty without permission from the chief.

Orosa declined to be interviewed by The Miami Herald, saying he would not speak on the matter until the Justice Department issues recommendations from its review, which will determine whether Miami police engage in patterns or practices of violating constitutional rights or federal law.

In his memo, submitted over the summer, Orosa wrote that his proposed changes were intended to be “lasting and sustainable.”

“The chief of police and his management team are amenable to any meaningful proposals which would allow the Miami Police Department to improve the quality of its services and ensure that all individuals receive fair, professional and equitable treatment,” he wrote.

Some community leaders hope the Justice Department will require that more stringent measures be put into place.

“We’re not letting the police department off the hook,” said Nathaniel Wilcox, executive director of People United to Lead the Struggle for Equality, or PULSE. “We want to make sure that we have qualified people at the police department who are treating people right and not going around murdering people behind the badge.”

The shootings, five of which involved unarmed subjects, took place over a seven-month span beginning in July 2010, and escalated racial tensions in the city. At the time, Chief Miguel Exposito was at the helm of the department. Exposito took heat for deploying plainclothes units that were routinely criticized for being too aggressive.

The Miami-Dade State Attorney’s Office has cleared the police officers involved in five of the shootings of any criminal wrongdoing. Two investigations are pending. The Justice Department’s probe is civil, not criminal.

Justice spokeswoman Dena Iverson declined to comment, saying only that the investigation is ongoing.

But U.S. Rep. Frederica Wilson said she asked for a status update last week, and was assured that the department is working “expeditiously” to wrap up its probe.

“The interim status is that there are boots on the ground,” said Wilson, who was among the first to call for an independent review of police procedures in the wake of the shootings. “They have dedicated resources. That satisfies me quite well, so long as I know that they are investigating and taking precious time to look into each case and look at all of the evidence.”

Read More..

Google Considering Wireless Network [REPORT]

Google is looking to cut out the middleman for its Android mobile devices and begin offering wireless service itself, according to a report.

The search giant met with reps from Dish Network to partner on a wireless service “that would rival” wireless networks like AT&T and Verizon, according to The Wall Street Journal, which cited “people familiar with the discussions.” The talks, however, could amount to nothing, the article notes.

[More from Mashable: Google Updates Blogger Mobile Apps to Version 2.0]

Dish bought wireless spectrum in 2008 that it plans to build out into such a network. The company has met with other, unnamed companies aside from Google, according to the report. In an interview this week, Dish Chairman Charlie Ergen said potential partners include companies “who would like to be in the industry” and don’t offer wireless service. He did not name Google or any other of the companies. Despite the talk, there’s speculation that AT&T might partner with Dish on the spectrum offering.

Google bid on wireless spectrum in 2008, but lost to Verizon and AT&T. Google also took a $ 500 million stake in mobile broadband firm Clearwire, which it sold this year for $ 66.5 million.

[More from Mashable: Google Launches Mobile Game You Play in Real Life]

Despite being shut out of wireless for now, Google is offering wired broadband service in Kansas City. The company also diversified into the wireless handset business last year with its $ 12.5 billion purchase of Motorola.

Bonus Gallery: Hands-On: Verizon’s Droid DNA Wows With High-Def Display

Verizon’s Droid DNA

Click here to view this gallery.

This story originally published on Mashable here.

Wireless News Headlines – Yahoo! News

Read More..

Buzzmakers: Lindsay Lohan Comes Clean & Janeane Marries

What had ET readers buzzing this week?

1. Janeane Garofalo: I Didn't Know I was Married!

Sometimes what happens in Vegas actually does stay in Vegas -- at least for two decades. Funny girl Janeane Garofalo is claiming she's been married for 20 years, and didn't even know it!

The Reality Bites actress told the New York Post that she and Big Bang Theory producer Rob Cohen decided to wed at a Las Vegas drive-thru chapel but never thought it would stick. "Rob and I got married, for real, which we had to have a notary dissolve not 30 minutes before we got here tonight," Garofalo said at the New York Comedy Festival reunion for The Ben Stiller Show. "We were married for 20 years until this evening."

Garofalo, 48, further explained, "We got married drunk in Vegas. ... We dated for a year, and we got married at a drive-through chapel in a cab. [We thought], 'You have to go down to the courthouse and sign papers and stuff.' So, who knew? We were married, and apparently now that [Rob] is getting married for real, his lawyer dug up something." Cohen, 63, joked, "I'm gonna get all of that Reality Bites money!"

2. Miley Cyrus: My Dad Knows Nothing

In speaking with ET's Christina McLarty, Miley Cyrus cleared up rumors that she and fiance Liam Hemsworth were planning multiple weddings, started by her dad.

According to Miley, she hasn't even set one wedding date, let alone the three ceremonies that Billy Ray told Us Weekly were going to take place.

"My dad knows nothing," Miley says, pointblank. "I think he's getting cabin fever from [Superstorm Sandy]. He got stuck in his hotel and now he's making up crazy things." Billy Ray has been in NYC, performing in a Broadway production of Chicago.

The 19-year-old singer/actress goes on to admit that the apple doesn't fall far from the tree.

"He does what I do: When he's sitting in a press thing, he's like, 'Let's make this fun. Let's make some stuff up,'" Miley says.

Even with this recent flub, Miley does thank her parents for doing a good job of raising her, saying, "My parents have never been super strict, and people could think that's bad or good, but people that judge me or say that I'm, like, crazy -- they don't know half the stuff their kids are doing."

3. Stephanie Bongiovi Drug Charges Dropped

Stephanie Bongiovi, Jon Bon Jovi's 19-year-old daughter, will not be charged after reportedly overdosing on heroin in her dorm at Hamilton College in New York.

According to a statement from the Kirkland Town Police Department, a female [presumably Bongiovi] was found unresponsive by an ambulance crew sent to the college early Wednesday, after a report that a female had apparently overdosed in the school's largest dorm.

Although Bongiovi and 21-year-old Ian Grant were charged with drug possession, the charges have now been dropped.

Citing section 220.78 titled "Witness or victim of drug or alcohol overdose" of New York State Penal Law -- which states that a person who seeks health care for someone who is experiencing a drug or alcohol overdose or other life threatening medical emergency, as well as the individual who has overdosed or who was experiencing such life threatening medical emergency, can't be prosecuted for the possession of heroin weighing less than 8 ounces or possession of any amount of marijuana -- police said that neither Bongiovi or Grant can be charged.

There has been no statement from Jon Bon Jovi at this time.

4. Dina Lohan Addresses Cocaine Accusation

Did Lindsay Lohan lie about her mother having an alleged cocaine problem? Dina Lohan sets the record straight for ET's Christina McLarty.

"Absolutely lied. We were having an argument, it escalated," explains Dina of their October altercation which was recorded by her father, Michael Lohan. "She just wanted to hurt me at that moment. You know, mothers [and] daughters, we fight."

Dina tells Christina that it pained her to see that private family moment "go public and viral." As for accusations that she uses cocaine, Dina replies, "I hate cocaine. I don't do cocaine."

After Lindsay proclaimed that she was not being truthful about her accusations against her mother about cocaine use, Dina says, "I'm so proud of her for telling the truth because it destroyed me. I mean, I cried for weeks. It just hurt me so bad and she knew how horrible that was, and she came clean and told the truth that she lied. I'm very proud of her for that, which is very difficult to have to do."

Dina adds, "There's so much more to the story than the public sees, and it takes its toll on my children and myself, and we're just trying to move forward." Watch ET for more with our exclusive Dina Lohan interview.

5. Big Bang Cast Leads Call Me Maybe Flash Mob

Fans of The Big Bang Theory might logically assume that the cast of the hit CBS comedy has as many laughs on-screen as off. But now there is concrete proof as Kaley Cuoco just revealed in this clip of cast and crew members surprising showrunners with a flash mob of Carly Rae Jepsen's viral hit Call Me Maybe!

Kaley explains on The Big Bang Theory's Facebook page that the idea was hers and that she recruited her sister Bri to choreograph the impromptu number, which occurred during a taping on October 23 in front of a live audience.

The clip shows how the prank was carried out with secrecy and precision, with the cast re-assembling on the set immediately after the flash mob to resume taping and to hear star Jim Parsons sum up the event with one of his character Sheldon Cooper's favorite words, "Bazinga!"

Read More..

Chemicals used to make explosives found in NJ doc's home

Prosecutors say large amounts of chemicals commonly used for making bombs and explosive devices have been found at the home of an unemployed northern New Jersey doctor.

Sixty-year-old Roberto Rivera, of Ridgewood, faces several charges, including possession of a destructive device and recklessly creating a risk of widespread injury. His bail was set at $1 million cash. It wasn’t known Saturday if he had retained a lawyer.

Bergen County Prosecutor John Molinelli says investigators also found several assault rifles and other weapons when they searched Rivera’s home Friday night. Ridgewood police had initially responded to the home after receiving a report that potentially hazardous materials might be at the residence.

Prosecutors say Rivera is unemployed but has a license to practice medicine in New York.

Read More..

Strategies for stretching your holiday shopping dollars

Want to save some cash on your holiday shopping? Four money-saving experts, all South Florida moms who run websites about frugal living and smart shopping, have plenty of advice for you.

Their first tip: Start now.

“Retailers have been starting their sales earlier every year, so planning ahead is very important,” said Melissa Cid, who runs www.savingmomsmoney.com. “Making a list is the best way to stay on track and keeps you from splurging on unnecessary items.”

Know everyday store prices of items on your list so you can spot a good deal when the sale ads show up at your door, said Cid, a Miami Lakes mom of two.

“Some retailers try to trick consumers by marking up prices and then advertising a discount,” she said. “Knowing the everyday price of an item will make you a smarter consumer.”

Save in stores

Check out Black Friday ads early at sites like www.bfads.net, Cid said. “Use these sites to your advantage to plan early and compare prices,” she said.

Look for sales that offer bonuses with purchase, said Mary Pat Pankoke, of www.couponclasses.com. Stores like Target and Best Buy frequently offer a gift card bonus when you purchase a particular item, she said. Search online for printable coupons you can use in-store, Pankoke said. “Use layaway plans offered by stores like Walmart and Kmart to buy items on sale, then pay for them over time with no interest, picking them up in time for holiday gift giving,” she said.

Familiarize yourself with a store’s couponing and price matching policy, which allows you to bring in a competitor’s ad and have a lower price matched, Cid said. Pay attention to stores that alter their price-matching policies during the holidays, Pankoke said. For example, Walmart will match the prices found in competitor’s print ads, but not online pricing — including pricing on their own website, she said. Target offers price matching, but has exclusions on Black Friday through Cyber Monday deals.

“Sign up for store reward programs. Certain stores will let you redeem those loyalty points or dollars for future purchases,” said Whitney Zimet of www.iamthemaven.com. “This is especially nice at toy stores where you can easily spend major bucks, and where you know you’ll need to return again and again for future purchases.”

Some retailers offer store credit cards with a percentage off a first purchase, or all purchases discounted, said Zimet, a Coral Gables mom of two. One example is Target’s store card, which offers five percent off all purchases.

“Just be careful with these,” Zimet said. “Pay off those cards each month because the interest rates are huge.” Also ask the store when they have customer appreciation days — usually a percentage off storewide — or if they offer free gift wrapping.

Stick to your list and don’t buy items you don’t need, said Leanette Fernandez of www.teachme2save.com. “Check the clearance aisles for really good deals and pricing,” she said.

Don’t forget to use your smart phone for on-the-spot price checking, Cid said. “And hold on to your receipt in case you come across a better deal at another store,” she said.

Clip coupons

Look for extra holiday coupons in the Sunday newspaper and on sites like www.coupons.com, Cid said, “but also keep your eyes peeled for in-store holiday coupon books at grocery stores, drug stores and retailers like Target. Know the store’s coupon policies before you shop to prevent problems at the register, because lines can be very long this time of year.”

Read More..

Second local case of dengue reported in Miami-Dade

The second locally acquired case of dengue fever this year has been reported in Miami-Dade County, health officials said Friday.

An 82-year-old man has acquired the mosquito-borne illness, Miami-Dade County Health Department Administrator Lillian Rivera said.

In the previous case, reported in September, a woman in her 60s was infected.

Symptoms of dengue fever may include headache, fever, fatigue, dizziness, weakness, pain behind the eyes, joint pain and confusion, the health department said. It urged residents to “drain and cover” — removing any standing water and covering skin with clothing or repellant.

— Amy Driscoll

Read More..

Chad Lowe Welcomes Second Daughter

Chad Lowe has a new family member to share Thanksgiving with. His wife Kim gave birth to their second daughter on November 15, the proud papa tweeted Friday afternoon.

"It's a girl!!! And she's as beautiful as her mommy (@ikimlowe) & big sister Mabel!! We are blessed!," the obviously overjoyed dad posted with many exclamation points.

On the day she went into labor, Kim tweeted, "If I get sucker-punched in the ribs one more time, I may start fighting back. Holy Toledo...Ouch!!!! (ninja growing in there for sure)!!!" A few days prior, the mom-to-be posted, "Please clear the way for the pregnant pant-less wonder waddling by. My hands were full. Couldn't do anything about the pants falling down :)"

Born in Los Angeles, the healthy little girl joins three-year-old big sister Mabel. The Pretty Little Liars star told Us Weekly earlier this week, "It's a very special time. I'm excited and Mabel is super excited. We've been waiting for this! [Mabel] knows she's got a big job. She's got a lot of things to teach her sibling."

First Look: 'PLL's' 2013 Return

Congratulations to the expanding family!

Read More..

BoNY wants out of Elliott’s battle with Argentina

Leave us out of it!

Caught in a legal crossfire, Bank of New York Mellon is arguing that it should not be forced to help Paul Singer’s Elliott Management collect as much as $1.3 billion from Argentina.

An appeals court recently upheld a ruling requiring Argentina to pay the New York hedge fund each time it pays other bondholders, which, unlike Elliott, agreed to a debt restructuring several years ago.

Judge Thomas Griesa ruled that all agents of Argentina are also bound by the order, and Elliott named Bank of New York as one of them.

As trustee, BoNY is responsible for making Argentina’s payments to investors who agreed to the restructuring. But the bank will argue that it is not an agent of Argentina and has an “arms-length” relationship with the country in a brief it plans to file later today, sources told The Post.

BoNY will argue that its sole responsibility is to the vast majority of bondholders who agreed to take a haircut after Argentina defaulted on $100 billion of debt in 2002. The bank receives payments from Argentina and holds that money in trust for those investors.

Argentina has rejected the court order and insists it will not pay Elliott, which is demanding to be repaid in full. At the same time, the country said it will continue to pay the other bondholders.

Nonetheless, those bonds have tanked since the appeals court ruled in Elliott’s favor on fears that the court would tie BoNY’s hands. If BoNY were unable to pay those bondholders without violating a court order, Argentina could be forced into a second default.

More than $3 billion in payments to those bondholders is due in December, unless Argentina’s stay is extended beyond then.

To pay Elliott, Griesa suggested BoNY take money out of funds slated for the exchange bondholders to pay Elliott.

“Some money is due to the plaintiffs out of those December payments,” Griesa said during a court hearing last week.

As a result, those bond investors are also lining up to oppose the order. Brevan Howard, the powerful UK hedge fund, and MFS Investment Management, a big Massachusetts money manager, have joined with hedge fund Gramercy in opposing the order, The Post has learned.

“Exchange bondholders not only are not getting adequate time, but their property is being taken unlawfully,” said Sean O’Shea, the attorney for these investors, who collectively own more than $1 billion worth of Argentinan bonds.

The prominent law firm of David Boies has teamed with O’Shea to represent these bondholders, and more institutions are expect to file briefs with the court next week to oppose the order.

mcelarier@nypost.com

Read More..

Jolly holiday shopping season already underway

Lilian Stoppa and Renata Rosa stepped out of Target in Midtown Miami with a cart piled high with holiday gifts.

Landing in Miami on Thursday morning for a five-day shopping spree, they already had spent $800 by mid-afternoon on presents for family members: toys for Rosa’s daughter, beauty items for Stoppa’s mother, plus lots of other stuff.

“This is just the start,” giggled Stoppa, 30, who works with Rosa, also 30, at a Sao Paulo telecom company. Their next stops: Sawgrass Mills, Aventura Mall and Bal Harbour Shops, if their money holds out. “We came to Miami to shop because it’s very much cheaper than in Brazil.”

Tourists like Stoppa and Rosa are exactly the reason retail experts predict Florida’s holiday shopping season will see its highest increase since the recession.

Across South Florida, stores are getting a head start on the holidays in hopes of cashing in. Sales are already underway everywhere from Neiman Marcus and Nordstrom, to Macy’s, Toys“R”Us and Anthropologie.

The Florida Retail Federation forecasts that Florida will see a 5.2 percent jump in holiday spending from $55 billion in 2011 to $58 billion this year, marking the highest percentage growth predicted since the economic slump began. Pre-recession, retail sales peaked at $54.3 billion in 2006.

“All of the indicators point to what we believe will be a very robust holiday shopping season,” said Florida Retail Federation President and Chief Executive Rick McAllister.

That also translates into more than 42,000 new retail jobs, he said.

Buoyed in large part by tourists and snowbirds, Florida is expected to outpace the nation in spending for the holiday season, as it did before the recession.

This year, the National Retail Federation is predicting holiday spending nationwide to rise 4.1 percent. On average, consumers are expected to spend about $750 each.

Economists point to strong consumer confidence as a major factor contributing to a stronger shopping season.

“By and large the consumer is very confident right now, and that usually leads to spending,” McAllister said.

Other indicators also point to a healthy season. ICSC, a trade association for the shopping center industry, this week released its ICSC-Goldman Sachs 2012 Holiday Spending Intentions Survey, which found that 19 percent of consumers plan to spend more, and 5 percent substantially more, on holiday gifts this year versus last year. It was the highest percentage of consumers reporting they intend to increase spending over the previous holiday season since ICSC began asking the question in 2004.

Retailers like West Elm are ready, beckoning gift givers. Stores are decked out with sparkly, eye-catching displays of items like candlesticks, ornaments and crystal paperweights.

“We’ve had lots of people shopping early, for several weeks,” said Ana Meza, an assistant manager at West Elm in Midtown Miami.

Without question, the holiday season is critical for retailers, a period when they typically generate 20 percent to 40 percent of the full year’s revenue.

This year brings an added bonus. With Thanksgiving falling early, the shopping season is stretched to 32 days, giving retailers more valuable time to rack up sales.

Shoppers like Jose Hernandez aren’t waiting for the last minute. Hernandez, who works as a civilian supervisor at the Naval Construction Battalion Center in Gulfport, Miss., and spends every other three months home in Miami, started his holiday shopping this week. He figures he spent $2,000 at Carter’s, GUESS, Marshalls and Target in Midtown, and plans to spend a total of $5,000 — up 40 percent from last year — before Christmas Day.

“The economy is going up,” said Hernandez, 44.

Yet experts say that many holiday revelers will avoid the stores all together, opting instead for online purchases.

Retail experts expect e-commerce to continue to post a dramatic increase this holiday season, up 15 percent. Though it still represents only about 5 percent of all shopping, online buying is the fastest-growing segment of the retail industry, McAllister said.

Many online sites are offering percentage discounts starting this weekend. Disney Store will offer a selection of “Magical Friday” deals on sale beginning Monday, at DisneyStore.com. Kohl’s is letting customers shop more than 500 “Early Bird specials” on Kohls.com starting Wednesday.

While apparel is expected to be the top category for purchases, gift cards are again projected to outsell any single article of merchandise. The National Retail Federation’s 2012 holiday consumer spending survey showed that 81.1 percent of shoppers will purchase at least one gift card, spending an average of $156.86 on them.

“Gift cards are the best invention ever,” said Jennifer Mayer, 44, a drug representative who has three daughters and lives in Miami Beach. “It’s not for everyone, but it’s great for those you don’t intimately know.”

This year, Mayer plans to buy gift cards at places like Starbucks, H&M, Forever 21 and Barnes & Noble.

“They’re great for bosses. They’re great for teenagers,” she said. “They’re a lifesaver.”

Read More..