Miami City Commissioner Francis Suarez: I’m running for mayor

It’s official: Miami City Commissioner Francis Suarez is running for mayor.

The 35-year-old son of former Mayor Xavier Suarez will make the formal announcement Tuesday at a press conference at his Coral Gate home.

Suarez’s candidacy has long been the subject of speculation around City Hall. The chatter intensified late last week, when campaign finance reports showed that in the last three months of 2012 he raised $460,000 through his “political communications organization.”

Suarez, in an interview Monday with The Miami Herald and El Nuevo Herald, outlined his vision for the city. It includes replenishing rainy-day funds, promoting small business, beefing up the police department and making the mayor a player on the national stage.

“It starts with having a stable government that is forward-thinking and innovative,” he said.

Despite having flush campaign coffers and key allies, Suarez faces a tough road to the Nov. 5 election. Incumbent Mayor Tomás Regalado has already launched his bid for reelection, and observers say his popularity remains high among likely voters.

“It is going to be a competitive race,” said Barry University political science professor Sean Foreman.

Suarez, a real estate attorney, first ran for the City Commission in 2009. He was elected to represent District 4, which includes Flagami and stretches to the city’s western edge, and was previously held by Regalado.

Early on, Suarez and Regalado often appeared in public together. The mayor asked Suarez to serve as City Commission chairman in late 2011.

But the relationship soured last summer, when Suarez grew increasingly critical of Regalado’s administration. He voiced concerns about the high turnover among top staffers and questioned the finance department’s ability to balance the $500 million budget on time.

Suarez said those frustrations prompted his decision to run for mayor.

“I fundamentally believe that the administration is not being run professionally,” he said. “I have concerns about what will happen if nothing is done about it.”

Suarez said he has already proven his leadership abilities. He points to a pair of controversial motions he made, both of which passed the commission: one to cut employee salaries and another to fire then-Police Chief Miguel Exposito, who was feuding with the mayor at the time.

“I’ve taken the lead on very difficult positions,” he said.

During his three years in office, Suarez has had mixed results passing policy. In 2011, he championed changes to the city zoning code that made it easier to build affordable housing. But his biggest legislative push to date — an effort to create a strong-mayor form of government — failed to find support.

Suarez said he has a couple of new proposals to pitch, including a measure that would reduce permit fees for home repairs that cost less than $2,500. He also said he has ideas for using technology to make city departments run more smoothly.

If campaign contributions are any indication, Suarez will have the support of key business leaders, including Jackson Health System CEO and former city manager Carlos A. Migoya and former Mayor Manny Diaz.

Regalado, who has raised about $160,000 for his campaign and enjoys popularity in neighborhoods like Little Havana and Flagami, said he welcomed the competition.

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Apple shares fall on reports of cuts to iPhone parts orders

(Reuters) – Shares in Apple Inc dipped below $ 500 for the first time in almost one year after reports it is slashing orders for screens and other components from its Asian supplier as intensifying competition erodes demand for its latest iPhone.

Japan‘s Nikkei reported on Monday that the world’s largest technology corporation began sharply reducing buying of liquid crystal displays about a month ago from suppliers like Japan Display Inc and Sharp Corp.

Sharp’s stock dipped as much as 7 percent in early trading on Tuesday and shares in South Korean Apple suppliers such as LG Display also fell.

“We can’t comment on individual clients,” said Miyuki Nakayama, a spokeswoman for Sharp, which builds iPhone 5 screens at its Kameyama plant in central Japan. Japan Display, a state-run business formed from the small LCD units of Sony Corp, Toshiba Corp and Hitachi Ltd also declined to discuss its orders.

The Nikkei report, later matched by the Wall Street Journal, comes as hard-charging rivals like Samsung Electronics, which makes phones based on Google Inc’s popular Android software, continue to expand market share globally.

Apple stock slid more than 4 percent to an intraday low of $ 498.51 — a level not seen since February 16, 2012 — before bouncing back to trade just above $ 500 at midday. The news also hurt shares of suppliers such as Cirrus Logic Inc, which dived 9 percent.

Some analysts argued that Apple and its manufacturing partners had struggled with quality issues that might have curtailed production times.

Dogged by low production yields, Sharp last year fell behind schedule for iPhone 5 screen shipments in the run-up to the phone’s launch in September. Sharp has yet to acknowledge that Apple is a customer.

“Our checks with supply chain contacts close to the situation identified a very different cause: a slower ramp in the manufacturing of iPhones and iPads (reflecting some quality control issues) and insufficient production lines,” said JoAnne Feeney of Longbow Research.

“Rather than ordering more components and having inventory build up further, Apple put component suppliers on notice to hold off, for the time being, on further shipments until it expanded its production lines – which it plans to complete by the end of the quarter.”

By some estimates, the holiday quarter may have been the worst for U.S. retailers since the 2008 financial crisis, with sales growth far below expectations. Other data yields a more mixed picture of holiday season demand.

Apple was not immediately available for comment. No one at Sharp was immediately available to comment on Monday – a national holiday in Japan – and parts suppliers to Apple in Taiwan declined to comment.

CUTBACKS

Apple has asked Japan Display, Sharp and LG Display Co Ltd to roughly halve supplies of LCD panels from an initial plan for about 65 million screens in January-March, the Nikkei cited people familiar with the situation as saying.

Japan Display’s plant in southwest Japan, where Apple has invested heavily, is expected to temporarily reduce output by up to 80 percent from October-December levels, the Nikkei reported, while Sharp’s dedicated facility for iPhone 5 LCDs will trim production in January-February by about 40 percent.

The move, if confirmed, would tally with analysts saying that sales of the new iPhone 5, which was released in September, have not been as strong as anticipated.

Apple has lost ground gradually to South Korean rival Samsung, as well as smaller, fast-growing rivals such as China’s Huawei Technologies Co Ltd and ZTE Corp.

Samsung overtook Apple in 2012 to become the world’s biggest seller of smartphones, helped in part by the popularity of its Galaxy Note II phone-cum-tablet and a vastly wider range of low- to high-end devices that appeal to a broad swath of consumers. Apple rolled out a single new smartphone last year.

Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the January-March quarter on December 14, saying that the technology company had started cutting orders to suppliers to balance excess inventory.

Apple also cut its orders for memory chips for its new iPhone from its main supplier and competitor Samsung, Reuters reported in September, quoting sources with direct knowledge of the matter.

The company has been cutting back its orders from Samsung as it seeks to diversify its memory chip supply lines.

Samsung said on Monday that global sales of its flagship Galaxy S smartphones had topped 100 million since the first model was launched in May 2010. The Galaxy S3, launched last May, sold more than 40 million in seven months.

The Galaxy S IV is expected within months and may sport an unbreakable screen, full high-definition quality resolution of 440 pixels per inch, and a more powerful processor.

It’s expected to increase its smartphone sales by more than a third this year and widen its lead over Apple, according to researcher Strategy Analytics. It forecast Samsung will sell 290 million smartphones in 2013 versus iPhone sales of 180 million.

Kim Sung-in, an analyst at Kiwoom Securities in Seoul, sees Samsung shipping 320 million smartphones this year and doubling sales of its tablets to 32 million.

(Reporting by Tokyo bureau, Avik Das and Sayantani Ghosh in Bangalore, Clare Jim in Taipei and Tim Kelly in Tokyo; Editing by Supriya Kurane, Andrew Hay and Alex Richardson)

Tech News Headlines – Yahoo! News

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Nicki Minaj Cannot Trust Herself on American Idol

On tomorrow's episode of The Ellen DeGeneres Show, American Idol judge Nicki Minaj confesses that she's worried about looking like 'a crazy psycho again' on the popular singing competition.

"I am not really a crazy psycho you guys," Nicki says, referring to the infamous web video that showed the singer/rapper launching into a tirade during Idol auditions. "No, I am serious. I am really not."

Nicki calls the outburst a defense mechanism, explaining that she began to suspect that fellow judge Mariah Carey was displeased with her being on the panel.

VIDEO: Nicki Minaj on Idol Drama: There is No Feud!

With the incident still fresh in her mind, Nicki admits that she is "not looking forward to live shows" because she "cannot trust [herself]."

"Just, like, if there's a slick comment being made..." Nicki says before catching herself. "I just want it to go well. It's about the contestants."

Watch the entire interview on The Ellen DeGeneres Show Tuesday, January 15. Check your local listings.

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Herbalife shares bounce back, to Loeb’s advantage

The bull is now beating the bear.

For the first time since brazenly challenging his fellow hedgie’s theory that shares of nutritional supplement distributor Herbalife were toast, Dan Loeb’s high-stakes bet is worth more.

A 10.1 percent spike in Herbalife’s shares yesterday put estimates of Loeb’s profit on his $285 million bet at $108 million.

Bill Ackman, who on Dec. 19 trashed Herbalife as a pyramid scheme worthy of a regulatory beat down, placed a $1 billion short bet on the company’s stock.

Ackman’s investment — a short of more than 20 million shares — is now just $85 million on the good side, according to estimates, after Herbalife shares are up 69 percent since Christmas.

Reuters

Dan Loeb (above), who has a $285 million long position in Herbalife, nowhas profited more than Bill Ackman, who has a $1 billion short on shares of the nutritional supplement company.

The rise in Herbalife’s shares yesterday was tied to analyst reports that the company would pre-announce strong earnings this week, moving it closer to an ambitious stock buyback program.

Such a buyback could create an enormous short squeeze of Ackman and his Pershing Square hedge fund.

Herbalife shares closed at $42.50 on Dec. 18, the night before Ackman attacked.

Following the assault, the shares quickly fell 40 percent, bottoming at $26 on Christmas Eve.

Ackman likely paid an average price of $50 on shares that he borrowed, said analyst Tim Ramey of DA Davidson.

Herbalife closed yesterday at $44.08, giving Ackman an estimated gross profit, so far, of roughly $120 million.

But Ramey estimated his expenses totaled $35 million — including $25 million paid to the Ira Sohn Foundation to host the three-and-a-half-hour meeting where Ackman expanded on his pyramid attack.

Loeb bought his 8.9 million shares at an average price of $32.

“The stock is now higher than before Ackman opened his mouth on Dec. 19,” said hedgie Robert Chapman, whose Dec. 31 bullish thesis helped spur the stock. “I’m actually starting to feel sorry for him.”

Ackman did not return calls, and Loeb declined to comment.

mcelarier@nypost.com

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.CO sets sights on changing ‘the fabric of the Internet’

For the millions of people who equate the Web with .com, . CO Internet is out to change that mindset.

The Miami company that manages and markets the .co domain is already making impressive gains — more than 1.4 million in 200 countries have hung their businesses, blogs, personal projects or dreams on a .co virtual shingle. Still, that’s just a tiny fraction of industry titan VeriSign’s 105 million .com registrants.

“We want to change the fabric of the Internet,” Juan Diego Calle, founder and CEO of .CO Internet, said during an interview in .CO’s Brickell office. “We can only make that happen not by changing what happened in the last 25 years of the Web, which is owned by .com. We want to change the next 25.”

About 2½ years after the launch of .CO Internet, .co — the country code of Colombia — continues to be one of the fastest-growing Internet domains in the world and grew by 24 percent in 2012. .CO Internet is profitable and is projecting to bring in more than $25 million in revenues this year, the company said. The early success of .CO Internet, with operations in Miami and Colombia, is powered by passion and perseverance.

Calle moved to Miami from Colombia at age 15 with his family. He started several businesses, including one he sold in 2005 providing seed capital for what would come next. “I can’t say I ever sat still.” When he learned Colombia would be commercializing the country's .co domain extension in late 2006, he said it hit him like a lightning bolt.

With the right strategy and by “marketing the hell out of it,” the entrepreneur believed .co could solve a huge problem in the market — vanishing Internet domain names. If you’ve tried to nab a new .com address lately, you can relate — it’s difficult to find one that hasn’t been snatched up.

Calle thought that by appealing to the hearts and minds of the entrepreneur, .co could go where .info, .biz, .net or .me had never gone before. But first he needed the right team.

One of this first stops: The Big Apple, to visit Nicolai Bezsonoff, who had been an advisor and shareholder in Calle’s TeRespondo.com, a sort of Ask Jeeves for the Latin American market that was sold to Yahoo in 2005. At the time, Bezsonoff was the director of technology and operations at Citigroup.

“We went out for coffee, he started pitching me on a napkin. I said ‘really dude you want me to leave a big job at Citigroup for this?’ ” said Bezsonoff. “But he kept showing me the numbers … Later, that napkin was on my desk and it was one of those boring days and I kept looking at it and thought maybe I should.” He would become .CO’s chief operating officer.

Lori Anne Wardi, a lawyer and serial entrepreneur who was working at a venture capital firm at the time, became vice president in charge of brand strategy, business development and global communications. “She’s the heart and soul of the company,” said Calle. Eduardo Santoyo, based in Bogota, would become corporate vice president over policy and be the liaison with the Colombian government. “Some would say it was overkill talent but I needed the best. ... When you have a big dream, you have to think big and hire the right people,” Calle said.

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SunPass coming to Rickenbacker, Venetian causeways in 2014

The introduction of SunPass on two Miami-Dade causeways is the latest in a series of initiatives to expand use of Florida’s electronic toll-collection system beyond state highways.

“We are hoping that a year from now, in 2014, the new system will be in place on both the Rickenbacker and then the Venetian Causeway,” said Michael R. Bauman, chief of the Miami-Dade public works and waste management department’s causeways division.

Originally, the county had planned to activate SunPass on the causeways in 2012, but the project was delayed because of contractor issues and efforts by all Florida tolling agencies to centralize back-office operations that include billing and other customer services, Bauman said.

Conversion of causeways’ C-Pass system to SunPass transponders will be one of the most significant changes in the history of the storied roads that carry tens of thousands of commuters every day to and from the mainland.

The 5.4-mile Rickenbacker, the longer of the two causeways, is also the newest. It opened in 1947. The 2.8-mile Venetian opened in 1925.

Tolls have been charged on both causeways for decades. The Rickenbacker was the first to adopt electronic tolling in 1997 with the C-Pass system, followed by the Venetian shortly after.

Both causeways still take cash at some toll plaza lanes.

While the plan is to eliminate cash tolls, Bauman said details are more advanced for the Rickenbacker than for the Venetian.

As a result, he said in an interview, details of how SunPass will operate on the Venetian remain undecided.

On the Rickenbacker, however, he said the toll plaza will be removed and its eight lanes will be reconfigured into four lanes with electronic gantries. Cash will no longer be accepted.

In both cases, said Bauman, lower annual tolls paid by residents and commuters served by the Rickenbacker and Venetian will be preserved under the SunPass arrangement.

The vehicles of residents and commuters already registered with causeway systems will be recognized by SunPass, and no additional toll charges will be made, Bauman said.

The current cash toll price on both causeways is $1.50. Whether that rate will remain once SunPass kicks in is still under discussion, Bauman said.

On the Rickenbacker and Venetian, residents with C-Pass transponders pay a flat $24 per year. Nonresidents who drive the Rickenbacker pay $60 per year and Venetian commuters pay $90.

Registration will continue, but it will be done online.

Drivers who don’t have SunPass will still be allowed to use the causeways. They will be billed later via Toll-by-Plate, Bauman said.

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Iowa man, sister reunite thanks to boy, Facebook

DAVENPORT, Iowa (AP) — An Iowa man and his sister have reunited 65 years after being separated in foster care thanks to a 7-year-old friend’s Facebook search.

Clifford Boyson of Davenport met his sibling, Betty Billadeau, in person Saturday. Billadeau drove up from her home in Florissant, Mo., with her daughter and granddaughter for the reunion at a hotel in Davenport.

Boyson, 66, and Billadeau, 70, both tried to find each other for years without success. They were placed in different foster homes in Chicago when they were children.

Then 7-year-old Eddie Hanzelin, who is the son of Boyson‘s landlord, got involved.

Eddie managed to find Billadeau by searching his mom’s Facebook account with Billadeau’s maiden name. He recognized the family resemblance when he saw her picture.

“Oh, my God,” Boyson said when he saw and hugged Billadeau.

“You do have a sister,” Billadeau said.

“You’re about the same height Mom was,” Boyson said.

Billadeau’s daughter, Sarah Billadeau, 42, and granddaughter, Megan Billadeau, 27, both wiped away tears and smiled during the reunion.

“He didn’t have any women in his life,” Sarah said. “We’re going to get that straightened out real fast.”

Boyson said he’s looking forward to visiting Billadeau near St. Louis and meeting more family.

“I’m hoping I can go and spend a week or two,” he said. “I want to meet the whole congregation. I never knew I had a big family.”

Eddie, who enjoys messing around with his family’s iPad, said he’s glad he was able to assist in making the reunion happen and that he learned about helping others at school.

“Clifford did not have any family, and family’s important,” the boy said.

Near the end of their tearful reunion Boyson and Billadeau presented Eddie with a $ 125 check in appreciation of his detective work.

Social Media News Headlines – Yahoo! News

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Stars Hit Up ET's Golden Globe Platform

While overt competition is usually camouflaged during awards season, ET's Nancy O'Dell may have started a Tinseltown rivalry on the Golden Globes red carpet.

VIDEO: Jodie Foster's Moving Golden Globes Speech

While Richard Gere enthralled Nancy and Rob Marciano in a story of how he and Nancy became pals, ET's gal in blue was called over to interview Denzel Washington. As a joke, Gere followed Nancy in feigned rage, confronting the Flight star over what just happened.

"I'm talking to this lady and she says 'Oh no, I gotta go over to Denzel now,'" Gere told Washington. "I was in mid-telling of a story ... Thanks a lot, man."

After laughing off the incident, Washington was proud to introduce his daughter Olivia, a budding actress who was walking the Golden Globe carpet for the first time.

RELATED: Best Golden Globe Award Zingers

President and CEO of CBS Corp. Leslie Moonves also had plenty to be proud of as Homeland took home three statuettes, including Best TV Drama.

"We got a lot of nominations at Showtime and CBS and CBS Films broke through this year, so we're looking forward to it," said Moonves. "Everybody loves Homeland and hopefully Claire [Danes] and Damian [Lewis] also win tonight." Danes and Lewis both won awards for Best Actress and Actor in a TV Drama.

Nancy O'Dell's personal favorite moment of the night involved her assistant and heartthrob Bradley Cooper. Watch the video to find out which lady Bradley could be linked to next.

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Whole new nightmare for teen molest ‘victim’

Andrea Peyser

He JUST wants justice for his son.

It may never come.

In the 2 1/2 years since Mordechai Jungreis’ boy revealed the awful truth — the mentally disabled teen was allegedly molested in a Jewish ritual bathhouse — Jungreis (pictured) has turned from a respected member of the Hasidic community into a leper. A nobody.

Pond scum.

Jungreis, his wife and four children were kicked out of their apartment in Williamsburg, Brooklyn, and forced to move to the community’s outskirts. They found a new synagogue that would accept them.

His son, “badly damaged” by the alleged abuse, was targeted a second time, he said, expelled from two yeshivas. Summer camp, too.

Paul Martinka

People on the street crossed to the other side when Jungreis walked by. Words of abuse were hurled anonymously into the telephone. Or on the street.

As a Jew, I’m horrified that, in 2013, Jungreis, 38, could be punished, vilified and treated worse than a criminal. All for publicly accusing a fellow Jew of a heinous crime?

Finally, tomorrow, Meir Dascalowitz, 29, the man charged in 2010 with molesting the teen, is scheduled for a pretrial hearing in a crime that, Jungreis says, he discovered after finding blood on his boy’s underwear. Jungreis hopes this exercise in jurisprudence will put his nightmare to rest.

He expects nothing.

“I went through hell,” Jungreis, who once considered himself a member of the Bobov ultra-Orthodox community, told me.

“We used to pray in the park, because I wasn’t allowed in the synagogue. My son is not in school.’’

And now, Dascalowitz has the full support of Jungreis’ neighbors.

“Everyone is running away from my child,’’ said Jungreis, whose son is afflicted with learning disabilities and a low IQ. The boy, now 17, is tested regularly for HIV.

“What about my child? This is a disabled child. And they’re screaming at me in the street!”

The ugly cloak of secrecy that has long ruled the Jews of Williamsburg was ripped to shreds last month. A Brooklyn jury convicted Satmar Nechemya Weberman of 59 counts for sexually abusing a now-18-year-old woman from the time she was 12.

The parallels with Jungreis’ case are inescapable. Weberman’s victim contends she was maimed again by her fellow Jews after she came forward. As Weberman, 54, prepares to be sentenced next week, one question remains:

Have things changed?

“On the one hand, advocates and victims feel empowered” by Weberman’s conviction, said Ben Hirsch, spokesman for Survivors for Justice, which supports sex-abuse victims.

But “the courageous victim in the Weberman case has been publicly vilified by the grand rabbi of Satmar, and thousands of Hasidim have publicly supported Weberman.” Hirsch accused Brooklyn District Attorney Charles Hynes of lacking the guts to fight Jewish leaders who intimidate victims.

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Miami Dolphins worry Marlins stand between them and a tax-funded redo for Sun Life Stadium

The Miami Dolphins are reviving their failed bid to win tax dollars for a football stadium. But team executives want no comparisons to a successful bid to win tax dollars for a baseball stadium.

Dolphins owner Stephen Ross has called a press conference for Monday to unveil a plan for an improved Sun Life Stadium. Sources say the plan will include asking state and local governments to help pay for a $400 million renovation of the 1987 facility.

State lawmakers in recent years rebuffed the Dolphins when the team asked for help on a less-expensive renovation. And while the economy and state finances are more favorable this time around, Dolphin executives see a bigger challenge now from lingering backlash against the $639 million ballpark taxpayers built for the Miami Marlins in order to move the baseball team from their old home in Sun Life. .

“It can’t be anything close to what the Marlins did,’’ said state Sen. Oscar Braynon, a Democrat whose Miami Gardens district includes Sun Life Stadium and who sponsored a 2011 bill to raise hotel taxes to fund the Dolphins renovation plan. “Unless you do something totally counter to what the Marlins did, nobody is going to vote for it.”

Both the Marlins and the Dolphins declined to comment for this story. The Dolphins have not released details of how they want to pay for the renovation, or what they want to do the stadium. But sources close to the team describe an extensive renovation of Sun Life, including adding a partial roof, a redesign of the seating configuration to improve views of the field, and shifting capacity from the low-priced seats in the upper deck to the more expensive seating closer to the sidelines. Without the space demands of a baseball field, the front row will move 18 feet closer to the field, according to a person briefed on the plans.

Polls showed Miami and Miami-Dade’s 2009 votes to build the baseball stadium with 75 percent public money were never popular. But the Marlins’ recent stripping of star players from their payroll has made the new Little Havana park Topic A when it comes to plotting a Dolphins’ victory for winning tax dollars themselves.

Dolphins executives plan to pursue two funding sources from state and local government, according to several people familiar with the team’s plans. For the first funding stream, the Dolphins plan to ask Miami-Dade to raise taxes charged mainland hotels from 6 percent to 7 percent and earmark the extra money for the stadium. The Dolphins also plan to ask Florida for an additional $2 million rebate on sales taxes on top of the $2 million the stadium already receives from the state each year under a special subsidy for professional sports teams.

Ross is expected to pledge a significant amount of the renovation money himself. Sources who have been briefed on the Dolphins’ proposal say the total pricetag for the project is $400 million. That’s almost double the renovation budget the Dolphins proposed when the team last went to the Legislature for money in 2011.

Staying competitive

At the time, the Dolphins unveiled a $225 million redo of Sun Life with expanded sideline seating, high-definition lighting and a partial roof that would both shade seats during hot games and shield spectators from the kind of downpour that drenched the stands during the 2007 Super Bowl in Miami Gardens. The Dolphins, top executives at the NFL and some community leaders have warned that without upgrades to Sun Life, South Florida risks losing its standing as one of the nation’s top venues for the Super Bowl and college football championships.

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