NY area lawmakers furious after House GOP scraps vote on Sandy aid








WASHINGTON — New York area-lawmakers in both parties erupted in anger late Tuesday night after learning the House Republican leadership decided to allow the current term of Congress to end without holding a vote on aid for victims of Superstorm Sandy.

Rep. Peter King, R-N.Y., said he was told by the office of Majority Leader Eric Cantor of Virginia that Speaker John Boehner of Ohio had decided to abandon a vote this session.

Cantor, who sets the House schedule, did not immediately comment. House Democratic Whip Steny Hoyer of Maryland told reporters that just before Tuesday evening's vote on "fiscal cliff" legislation, Cantor told him that he was "99.9 percent confident that this bill would be on the floor, and that's what he wanted."




A spokesman for Boehner, Michael Steel said, "The speaker is committed to getting this bill passed this month."

In remarks on the House floor, King called the decision "absolutely inexcusable, absolutely indefensible. We cannot just walk away from our responsibilities."

The Senate approved a $60.4 billion measure Friday to help with recovery from the October storm that devastated parts of New York, New Jersey and nearby states. The House Appropriations Committee has drafted a smaller, $27 billion measure, and a vote had been expected before Congress' term ends Thursday at noon.

More than $2 billion in federal funds has been spent so far on relief efforts for 11 states and the District of Columbia struck by the storm, one of the worst ever to hit the Northeast. The Federal Emergency Management Agency's disaster relief fund still has about $4.3 billion, enough to pay for recovery efforts into early spring, according to officials. The unspent FEMA money can only be used for emergency services, said Rep. Frank Pallone Jr., D-N.J.

New York, New Jersey, Connecticut, District of Columbia, West Virginia, Virginia, Maryland, New Hampshire, Delaware, Rhode Island, Pennsylvania and Massachusetts are receiving federal aid.

Sandy was blamed for at least 120 deaths and battered coastline areas from North Carolina to Maine. New York, New Jersey and Connecticut were the hardest hit states and suffered high winds, flooding and storm surges. The storm damaged or destroyed more than 72,000 homes and businesses in New Jersey. In New York, 305,000 housing units were damaged or destroyed and more than 265,000 businesses were affected.

"This is an absolute disgrace and the speaker should hang his head in shame," said Rep. Eliot Engel, D-N.Y.

"I'm here tonight saying to myself for the first time that I'm not proud of the decision my team has made," said Rep. Michael Grimm, R-N.Y. "It is the wrong decision, and I' m going to be respectful and ask that the speaker reconsider his decision. Because it's not about politics, it's about human lives."

"I truly feel betrayed this evening," said Rep. Nita Lowey, D-N.Y.

"We need to be there for all those in need now after Hurricane Sandy," said Rep. Gregory Meeks, D-N.Y.

The House Democratic leader, Rep. Nancy Pelosi of California, said she didn't know whether a decision has been made and added, "We cannot leave here doing nothing. That would be a disgrace."










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Housing, jobs key to lifting S&P toward record




















With it appearing that Washington lawmakers are working their way past the “fiscal cliff,” many analysts say that the outlook for stocks in 2013 is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.

Reasonable returns in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October 2007.

A mid-year rally in 2012 pushed stocks to their highest in more than four years. Both the Standard & Poor’s 500 and the Dow Jones industrial average posted strong gains in 2012. Those advances came despite uncertainty about the outcome of the presidential election and bouts of turmoil from Europe, where policy makers finally appear to be getting a grip on the region’s debt crisis.





“As you remove little bits of uncertainty, investors can then once again return to focusing on the fundamentals,” says Joseph Tanious, a global market strategist at J.P. Morgan Funds. “Corporate America is actually doing quite well.”

Although earnings growth of S&P 500 listed companies dipped as low as 0.8 percent in the summer, analysts are predicting that it will rebound to average 9.5 percent for 2013, according to data from S&P Capital IQ. Companies have also been hoarding cash. The amount of cash and cash-equivalents being held by companies listed in the S&P 500 climbed to an all-time high $1 trillion at the end of September, 65 percent more than five years ago, according to S&P Dow Jones Indices.

Assuming a budget deal is reached in a reasonable amount of time, investors will be more comfortable owning stocks in 2013, allowing valuations to rise, says Tanious.

Stocks in the S&P 500 index are currently trading on a price-to-earnings multiple of about 13.5, compared with the average of 17.9 since 1988, according to S&P Capital IQ data. The ratio rises when investors are willing to pay more for a stock’s future earnings potential.

The stock market will also likely face less drag from the European debt crisis this year, said Steven Bulko, the chief investment officer at Lombard Odier Investment Managers. While policy makers in Europe have yet to come up with a comprehensive solution to the region’s woes, they appear to have a better handle on the region’s problems than they have for quite some time.

Stocks fell in the second quarter of 2012 as investors fretted that the euro region’s government debt crisis was about to engulf Spain and possibly Italy, increasing the chances of a dramatic slowdown in global economic growth.

“There is still some heavy lifting that needs to be done in Europe,” said Bulko. Now, though, “we are dealing with much more manageable risk than we have had in the past few years.”

Next year may also see an increase in mergers and acquisitions as companies seeks to make use of the cash on their balance sheets, says Jarred Kessler, global head of equities at broker Cantor Fitzgerald.

While the number of M&A deals has gradually crept higher in the past four years, the dollar value of the deals remains well short of the total reached five years ago. U.S. targeted acquisitions totaled $964 billion through Dec. 27, according to data tracking firm Dealogic. That’s slightly down from last year’s total of $1 trillion and about 40 percent lower than in 2007, when deals worth $1.6 trillion were struck.





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Peeping tom suspect nabbed at Forever21 store at Sawgrass Mills mall




















A suspected “peeping tom” was arrested Sunday after he was caught with video of women trying on clothes at the Forever21 store at the Sawgrass Mills mall.

Andre Clements, 30, has been charged with video voyeurism and disorderly conduct, Sunrise police said.

A manager at the store became suspicious when Clements, 30, was caught loitering in the dressing rooms. Customers also complained about Clements.





The manager alerted mall security, who called Sunrise police. When police arrived, the manager found several large slits in the curtain which separated the fitting room Clements was in and the adjoining fitting room.

In Clements possession police found a Sony camcorder with videos of young women changing clothes.

Clements admitted taping the women just before police had arrived.





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This Is 2012 Summed Up in One Image






Hey girl — it’s been a good year. No need to panic if you missed something along the way, though. Just look at the picture above.


[More from Mashable: 20 WTF New Year’s Resolutions]






Reddit user SellingIsSoExciting mashed together some of 2012′s biggest Internet moments into one masterfully crafted photo. It’s a grumpy, Gangnam-styling, Path to Prosperity-pumping collection of awesomeness.


[More from Mashable: Dying Trekkie Gets Private ‘Into Darkness’ Screening]


Any 2012 moments that should have made the photo? Let us know what you think below. And here’s to a meme-tastic and eventful 2013! Because, you know, YOLO.


BONUS: Top 12 Memes of 2012


12. Photobombing Stingray


Five years ago, three college girls on a Caribbean vacation got a serious case of the heebeejeebies when a stingray photobombed their “say cheese” moment. The hilarious photograph could have ended up as just a fond vacay memory if it weren’t for a friend, who shared the image on Reddit in September of this year.


Click here to view this gallery.


Image courtesy of Reddit, SellingIsSoExciting


This story originally published on Mashable here.


Tech News Headlines – Yahoo! News





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Hugh Hefner Ties the Knot!

It's official! Hugh Hefner married Crystal Harris in an intimate ceremony on New Year's Eve...

ET confirms that the 86-year-old Playboy founder and his 26-year-old model girlfriend were married at the Playboy Mansion in Los Angeles.


Related: Hugh Hefner's Fiancee Shows Off Engagement Ring

Harris was nicknamed the "Runaway Bride" for calling off the couple's first attempt at a wedding just days before the ceremony in June of 2011. The couple announced their engagement in December 2010.

This is the third marriage for the Playboy mogul, who first married Mildred Williams in 1949 and then wed Kimberley Conrad in 1989.

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Weird but true








Jet Pack weddings! Courtroom Muppets! Elementary school kids running gambling schemes!? Well, 2012 might not have been the year of the Mayan apocalypse, but was a plenty weird and wild 12 months nonetheless. Here is a compilation of the funniest, wackiest and most amazing stories of the past year from The Post’s Weird but True column.

If you ever want to get a Jesus tramp stamp, a church in Flint, Mich., is the place to go.

In January, the Bridge Church opened up a licensed tattoo parlor in its building as part of an effort to attract new members.





AP



They brokeaworld record in Panama City, Fla., in March by more than the bare minimum—thanks to 450 bikiniwearing beauties. The townsmashed the Guinness record for the longest bikini beach parade ever, which had been held by Surfers Paradise Beach in Australia, where357 women marched in 2011. “It wasexhausting, but it wasexciting,” said one of the new champs.




AP



Forget courtroom sketches — a TV station in Cleveland created a courtroom puppet show. WOIO used Muppetlike puppets to reenact a local official’s corruption trial because the federal court did not allow cameras inside. The performances included colorful puppet versions of the judge, the suspect, jurors and witnesses reciting lines directly from the court transcripts.





VirginsWanted.com.au/Rex / Rex U



Fans ofWeirdbut True will recall an item aboutagorgeous 20yearold Brazilian woman named Catarina Migliorini (left) who planned to auction off her virginity to raise money for charity. The auction took place in October—and the high bid wasawhopping $780,000, placed by a Japanese man known only as Natsu.





Whether God approves is another story.

***

You can call this new drink a Barkweiser.

A pet-friendly pub in Britain brewed up a new beer especially for dogs. The nonalcoholic beverage — simply called Dog Beer — is flavored to taste like beef.

To go along with the beer, The Branding Villa in Newcastle serves canine guests a roast with what they say is a “cat-flavored” gravy.

***

In February, a Fort Lauderdale, Fla., judge sentenced a man who’d had an altercation with his wife to take her out on a “date’’ that included elegant dining at the local Red Lobster followed by a night of bowling.

Judge John Hurley also ordered defendant Joseph Bray “to stop somewhere and get some flowers’’ for his wife.

***

Talk about getting stuck in traffic!

A man trying to get around a bottleneck in San Francisco in February drove his Porsche sports car into an empty lane — without trying to figure out why it was empty.

It turns out the lane had just been repaved — and the cement hadn’t dried.

A team of workers had to quickly dig him out — before the concrete set, trapping the $120,000 vehicle.

***

A California man built a museum-worthy doghouse.

Jim Berger, 68, was a precocious 12-year-old when he wrote to architect Frank Lloyd Wright, asking him to design a home for the family dog.

Wright kindly drew up a pooch palace, but Berger didn’t get around to building it until last year. The doghouse is now featured in a documentary on Wright, “Romanza.”

***

March Madness got 11-year-old Max Kohl in hot water when he started an NCAA basketball gambling pool — in elementary school.

Max was caught selling $5 brackets to fellow students, and the principal ratted him out to his mother.

***

Most guys would be phoning their friends, not 911, about this.

A man in Berlin, Germany, called cops to whine that the woman he took home for a one-night stand was demanding too much sex!

He said he had to lock himself on an apartment balcony to avoid her amorous advances — until amused officers showed up to save him from his predicament.










Read More..

Housing, jobs key to lifting S&P toward record




















With it appearing that Washington lawmakers are working their way past the “fiscal cliff,” many analysts say that the outlook for stocks in 2013 is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.

Reasonable returns in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October 2007.

A mid-year rally in 2012 pushed stocks to their highest in more than four years. Both the Standard & Poor’s 500 and the Dow Jones industrial average posted strong gains in 2012. Those advances came despite uncertainty about the outcome of the presidential election and bouts of turmoil from Europe, where policy makers finally appear to be getting a grip on the region’s debt crisis.





“As you remove little bits of uncertainty, investors can then once again return to focusing on the fundamentals,” says Joseph Tanious, a global market strategist at J.P. Morgan Funds. “Corporate America is actually doing quite well.”

Although earnings growth of S&P 500 listed companies dipped as low as 0.8 percent in the summer, analysts are predicting that it will rebound to average 9.5 percent for 2013, according to data from S&P Capital IQ. Companies have also been hoarding cash. The amount of cash and cash-equivalents being held by companies listed in the S&P 500 climbed to an all-time high $1 trillion at the end of September, 65 percent more than five years ago, according to S&P Dow Jones Indices.

Assuming a budget deal is reached in a reasonable amount of time, investors will be more comfortable owning stocks in 2013, allowing valuations to rise, says Tanious.

Stocks in the S&P 500 index are currently trading on a price-to-earnings multiple of about 13.5, compared with the average of 17.9 since 1988, according to S&P Capital IQ data. The ratio rises when investors are willing to pay more for a stock’s future earnings potential.

The stock market will also likely face less drag from the European debt crisis this year, said Steven Bulko, the chief investment officer at Lombard Odier Investment Managers. While policy makers in Europe have yet to come up with a comprehensive solution to the region’s woes, they appear to have a better handle on the region’s problems than they have for quite some time.

Stocks fell in the second quarter of 2012 as investors fretted that the euro region’s government debt crisis was about to engulf Spain and possibly Italy, increasing the chances of a dramatic slowdown in global economic growth.

“There is still some heavy lifting that needs to be done in Europe,” said Bulko. Now, though, “we are dealing with much more manageable risk than we have had in the past few years.”

Next year may also see an increase in mergers and acquisitions as companies seeks to make use of the cash on their balance sheets, says Jarred Kessler, global head of equities at broker Cantor Fitzgerald.

While the number of M&A deals has gradually crept higher in the past four years, the dollar value of the deals remains well short of the total reached five years ago. U.S. targeted acquisitions totaled $964 billion through Dec. 27, according to data tracking firm Dealogic. That’s slightly down from last year’s total of $1 trillion and about 40 percent lower than in 2007, when deals worth $1.6 trillion were struck.





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Frankel gets ready to play politics on a national stage




















Her bags are packed. She’s found an apartment on Craigslist, and the utilities just got hooked up. And Lois Frankel, a Floridian for four decades, has a new and toasty winter coat, hat and boots.

On Tuesday, 20 years after she first hoped to move to Washington, D.C., Frankel finally will be making that journey north. Two days later, she’ll reach the pinnacle of her political career as she steps onto the floor of the U.S. House of Representatives, raises her right hand and takes the oath of office to become the newest member of Congress from Broward and Palm Beach counties.

Read the full story at Sun-Sentinel.com.








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14 Solutions to Your New Year’s Midnight Kiss






Find a Baby


There’s got to be one crawling around somewhere. What’s cuter than kissing a baby’s fat cheek? Photo by Win McNamee/Getty Images


Click here to view this gallery.






[More from Mashable: Here’s a Depressing Look at Man’s Impact on Earth]


Do you find yourself in a panic every New Year’s Eve because everyone’s counting down and Billy Crystal has yet to explain all of the reasons why he’s madly in love with you?


No? Oh okay — me neither.


[More from Mashable: Watch the Scariest Skiing Lesson of All Time]


But the final holiday of the year can put a lot of unnecessary pressure on people. We want to end and begin each year with a bang — this often means the perfect outfit, an amazing soiree and the midnight kiss that will sweep you off your feet.


Instead of starting 2013 in a state of panic, then promising to be better later, enjoy New Year’s Eve and stop worrying about a silly superstition. We’ve come up with a couple solutions to the big smooch at the end of the night.


Photo by Ian Gavan/Getty Images


This story originally published on Mashable here.


Tech News Headlines – Yahoo! News





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Kim Kardashian is Expecting!

The rumors are true: Kim Kardashian is pregnant! The reality star's rep confirmed the news to ET after Kim's boyfriend Kanye West announced it Sunday night during his concert in Atlantic City.

According to the Associated Press, Kanye told the crowd of more than 5,000 at the Ovation Hall at the Revel Resort in song form: "Now you having my baby." The crowd cheered with approval, and the rapper also told the audience to congratulate his "baby mom" and that this was the "most amazing thing."


Pics: Five Years of Kim Kardashian Fashion

With the news officially out, a barrage of tweets from happy family members hit the Twitterverse Sunday night:

@KhloeKardashian: Keeping secrets is hard with so many family members! Especially when you are so freaking excited!!!!! LOVE is everything!!!!

@KrisJenner: Oh BABY BABY BABY!!

@KourtneyKardash: Been wanting to shout from the rooftops with joy and now I can! Another angel to welcome to our family. Overwhelmed with excitement!

@KendallJenner: whos excited about the KIMYE babbyyy?! :D weeee

@RealLamarOdom: I'm excited for Kanye and my sister! There's nothing like bringing life into this world! Let's keep Gods blessings coming!


Related: Kim and Kanye's Angel Ball Date Night

Reports that Kim and Kanye began dating began to swirl in March of 2012. Rumors that Kim was pregnant and experiencing morning sickness started to hit the Internet a short time ago, with some reporting that Kim was just battling the flu. Guess not! The star is reportedly about 12 weeks along.

Read More..