Time’s up for holiday shopping procrastinators

Last minute shoppers like Josette Tyne are in luck this year.

With a long weekend before Christmas, retailers want to make it easier for procrastinators to finish their gift buying. Macy’s for the first time is keeping all its stores open around the clock from Friday until Sunday at midnight. Toys “R” Us and Walmart Supercenters will be open non-stop until Christmas Eve.

Even those retailers skipping the all nighter still have added extended hours often as late as 11 pm or midnight. Coupled with a flurry of last minute promotions, they hope to lure shoppers, many of whom have been largely sitting on the sidelines since Black Friday.

Tyne, 33, just starting her shopping this week at Aventura Mall, armed with a list of about two dozen people and the presents they wanted. The list would have been longer if the Fort Lauderdale resident hadn’t limited it to the kids in her family.

“I’ll probably be shopping every day from now till Sunday,” said Tyne, as she wheeled the youngest of her three boys around H&M in a stroller before heading on to Game Stop, Urban Outfitters and BCBG. “Whatever catches my eye. Luckily the kids usually like everything I get. I’m the awesome Auntie.”

A Consumer Reports Poll released earlier this week found that with just five shopping days left until Christmas, a whopping 68 percent of shoppers — a projected 132 million Americans — have yet to finish their holiday shopping.

With an early Thanksgiving leaving an extra week until Christmas and a long weekend before Tuesday’s holiday, shoppers have felt little need to rush. They also haven’t found December deals to be quite as compelling as the November sales.

Based on disappointing sales trends earlier this month, ShopperTrak said Wednesday it was cutting its holiday sales forecast. The company, which counts foot traffic and its own proprietary sales numbers from 40,000 retail outlets across the country, now expects a 2.5 percent sales increase to $257.7 billion, down from the 3.3 percent growth it initially predicted. The National Retail Federation is sticking with its prediction of a 4.1 percent sales increase.

Online sales trends are more encouraging, up 13 percent to $35 billion from Nov. 1 through Dec. 16, according to comScore, an online research firm. But that pace is below the forecast of 17 percent for the season.

“It’s coming down to the wire,” said David Bassuk, managing director and co-head of the retail practice at AlixPartners, a global consulting firm. “It’s going to require retailers to be more aggressive with their promotions than they were hoping heading into the weekend.”

While the economy is certainly in a better position than it was during the recession, many consumers still feel uneasy this year about their financial future. Some are worried about the U.S. job market and others fear the stalemate between Congress and the White House over federal “fiscal cliff’’ that could lead to tax increases and less disposable income for shoppers.

That was the case for Latonya Jones, on the hunt for bargains at Aventura Mall, coupon-loaded iPad in hand.

“I wasn’t going to buy anything this year, because I wanted to save money,” said Jones, 39, of Miami Gardens, who was shopping with her daughter Richelle, 12, this week in Macy’s. “But then I changed my mind.”

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Great-grandmother leads annual Miami-Dade, Monroe toy drive

Beginning in August, Bunchy Gertner puts aside her social life, her needs and even her great-grandchildren to head over to the “North Pole,” the place where she stores, wraps and distributes thousands of toys destined for foster care children in Miami-Dade and Monroe counties.

“This is top banana,” said Gertner referring to the nonstop volunteer work she has done for the past 16 years. “Every kid will get a gift and — even if it’s just for a moment — they will know that someone cares.”

It’s Gertner who dedicates her time to planning and execution of the toy drive that will distribute 3,400 gifts to the children under Our Kids, a non-profit agency that provides foster care and related services in Miami and the Florida Keys.

“She focuses solely on the toy drive and lives to match the right toy with the right child,” said Fran Alegra, Our Kids CEO. “I don’t have staff that would be able to dedicate the time that she gives to this.”

Over the years, 78-year-old Gertner has not only given every foster child a gift, but she has made sure that everyone receives a good quality, age appropriate present.

“I think I have 3,400 children,” said Gertner. “Thank God I didn’t give birth to all of them and they’ve all left the house. But I feel like they’re all mine.”

Gertner has even made it her mission to look after the children who are aging out of foster care and are considered independent living. For these teens, she prepared a gift that includes a comforter, sheets, pillow cases, hand towels, bath towels, glass wear, pillows, dishes, pots and pans.

“They have no money when they leave foster care,” said Gertner. “I give them what a mom and dad would give a child who was going off to college or going off on their own.”

In order to raise money and collect presents, Gertner has relied on about 50 sponsors, who are responsible for collecting gifts. She distributes the first names of children with their age, gender and ethnicity to provide each child with an appropriate gift.

“I became a beggar. I got down on my hands and knees and begged everyone that I met,” said Gertner. “I write letters, I make phone calls and ask if they would want to help or if they know anyone who would want to do it.”

Once she receives the gifts from the sponsors, they are taken to her North Pole, which this year is an empty store donated by Gulfstream Park.

There, she sorts the presents that come with a specific child’s name by agency and begins wrapping the gifts that she receives with no specific name.

“I couldn’t do it alone,’’ said Gertner, who refers to her helpers as elves. “If it weren’t for the people helping me wrap and the sponsors, I wouldn’t have a toy drive.’’

On any given 10-hour work day, the volunteers, which range in numbers from a handful to two dozen, show up to wrap and sing holiday songs.

“This is better than staying at home in bed all day,” said Rivly Breus, a student at Florida Atlantic University. With a little experience under her belt from wrapping at Macy’s, Breus decided to Google a way she could volunteer her talents.

“It was hard for me growing up so it’s good to be able to shine a light on others,” Breus said.

Some come with no experience, like Gonzo Gonzalez, who often has to patch the spaces where he didn’t use sufficient paper.

“I didn’t have it easy growing up, but at least I had my parents,” said Gonzalez, who wrapped about 30 footballs on a recent Sunday. “It’s good to be able to give back. The kids who don’t have parents are not expecting anything.”

Although, Gertner does not give the presents directly to the children for privacy reasons, she is satisfied with knowing that there is a child at the end of every present. She said she will continue to do it until she can’t anymore.

“I know in my heart that what I do is enough,” said Gertner. “When I go to bed I know that I have fulfilled my mission and done my job well.”

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Google working on “X Phone”, “X” tablet to take on rivals – WSJ

(Reuters) – Google Inc is working with recently acquired Motorola on a handset codenamed “X-phone”, aimed at grabbing market share from Apple Inc and Samsung Electronics Co Ltd, the Wall Street Journal said, citing people familiar with the matter.

Google acquired Motorola in May for $ 12.5 billion to bolster its patent portfolio as its Android mobile operating system competes with rivals such as Apple and Samsung.

The Journal quoted the people saying that Motorola is working on two fronts: devices that will be sold by carrier partner Verizon Wireless, and on the X phone.

Motorola plans to enhance the X Phone with its recent acquisition of Viewdle, an imaging and gesture-recognition software developer. The new handset is due out sometime next year, the business daily said, citing a person familiar with the plans.

Motorola is also expected to work on an “X” tablet after the phone. Google Chief Executive Larry Page is said to have promised a significant marketing budget for the unit, the newspaper said quoting the persons.

Google was not immediately reachable for comments outside regular U.S. business hours.

(Reporting by Balaji Sridharan in Bangalore; Editing by Richard Chang)

Tech News Headlines – Yahoo! News

Title Post: Google working on “X Phone”, “X” tablet to take on rivals – WSJ
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Goon beats & robs lady

A thug savagely beat a Bronx woman in her building elevator and fled with her purse, cops said yesterday.

The robber followed his petite 57-year-old victim into the elevator of her Washington Avenue building Thursday morning and jumped her when the elevator reached her floor, cops said.

Surveillance video released by the police shows the goon throwing her to the floor and pummeling her face before fleeing.

Cops described the punk as a black male in his late teens about 5-foot-11 with a black Polo jacket and black sweat pants.

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Investors shuffling assets ahead of fiscal cliff

Some citizens aren’t waiting to find out if the White House and Republicans in Congress will be able to reach a last-minute deal to pull the country away from the “fiscal cliff.”

They are selling securities while capital gains tax rates are still low or transferring millions into trusts for the benefit of children and grandchildren before estate tax laws become more stringent. Others are getting out of the markets and parking money in less risky accounts.

Miami financial planner Cathy Pareta has been counseling her upper middle class clients — “the Johnsons, not the Rockefellers” — on whether to adjust investment portfolios, accelerate income or realize capital gains sooner than planned.

“Some people are going to get hit hard,” said John Bacci, a financial planner in Linthicum, Md., who has gone down his client list and run projections on what higher taxes would look like for them. He’s looking at tax-friendly alternatives for some clients, such as annuities or rental property.

At year’s end, the country will leap off the “fiscal cliff” unless politicians reach a compromise on mandated spending cuts and the expiration of the Bush-era tax cuts.

For most investors, the expiring cuts will mean that the tax rate for long-term capital gains will rise from 15 percent to 20 percent. Dividends also will no longer be taxed at 15 percent but treated as ordinary income, which could mean a tax rate as high as 39.6 percent. And individuals with multimillion-dollar estates will find much more of their money subject to the federal estate tax.

Estate planning lawyers say the demand is so intense that they are putting in grueling hours to set up trusts.

“It’s very stressful. We are working day and night,” said Diana Zeydel, an estate planning lawyer with Greenberg Traurig in Miami. “Were doing three times what we normally do for end-of-the-year planning.”

Zeydel said many of her clients waited until after the elections in November to gauge how the political tide would affect their future finances. This gave them little more than a month to make major decisions about their wealth.

Most observing the political jousting in Washington expect taxes will go up even if the political leaders reach a deal — they’re just not sure how much. Many aren’t taking any chances.

Jim Ludwick, a financial planner in Odenton, Md., said one client in his late 50s cashed out stock and bond funds totaling $1.7 million not long after the election and stashed the proceeds in a money market fund.

The client, anticipating a market plunge due to the “fiscal cliff” and other issues, said he spent his entire working life building up a nest egg and wouldn’t have time to wait for his portfolio to recover, according to Ludwick. The client fears it won’t be safe to re-enter the stock market for another year.

“We have a number of clients who are taking capital gains this year, expecting that if they wait until next year, they will have to pay higher taxes on those same gains,” said Daniel McHugh, president of Lombard Securities in Baltimore. Some of those clients are realizing six-figure gains but are still willing to take the tax hit now, he said.

Of course, the downside is that the stock market could take off, and these investors will miss out on even higher gains, McHugh said. But, he added: “Given the state the economy is in, that’s a very small risk.”

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Bay of Pigs invasion veterans mark 50 years since release

In the days before Christmas 50 years ago this weekend, 1,113 Bay of Pigs fighters captured by Fidel Castro’s forces and imprisoned for 20 months were finally released to a heroes’ welcome in Miami.

The first planeload of POWs arrived at Homestead Air Force Base on Dec. 23, 1962. Gaunt and betrayed by the John F. Kennedy administration, members of the proud Brigade 2506 were bused to Miami’s Dinner Key Auditorium, where waiting relatives engulfed them with hugs at a massive reunion that made front-page news. Five days later, JFK and his wife Jackie would be at the Orange Bowl to welcome them, too.

On Saturday, the 50th anniversary of those pivotal days will be observed as surviving brigade members — now in their 70s and 80s — hold a and 11 a.m. Mass and reunion at the Bay of Pigs Museum in Little Havana.

The release of the men was the one bright spot in the disastrous April 1961 CIA-backed invasion to overthrow the two-year old Castro government. Yet the fighters’ return also sent the somber message that exiles would not reclaim Cuba. The Cuban Missile Crisis that October had set the course of U.S.-Cuba relations until today.

Back then, it was sinking in: The Cuban exile community was in Miami to stay.

A defeated Jose Andreu, now 76, the first brigade member to sign up for the invasion, was among those who arrived home that bittersweet day.

“My wife to-be was there to meet me, along with my sister and my father,” Andreu said. “I remember hugging and crying. After leaving the auditorium, I remember being so hungry I went to a Royal Castle and my girlfriend bought me, I think, 18 small cheeseburgers.”

Among the young people waiting at the auditorium that day in 1962 was a teen-aged Ninoska Perez Castellon, there with her family to welcome her brothers and uncle, all brigade members.

“I remember being in that packed auditorium ... I can truly say as a child I viewed those men as my first heroes. I still do,” said Perez-Castellon, who grew up to become one of Miami’s most influential radio personalities.

Perez and her family still have black-and-white snapshots of the joyful reunion, showing her late grandmother proudly hugging her son.

The behind-the-scenes negotiations that finally led to the release of the brigadistas 50 years ago this week were the stuff of Hollywood movies. They involved months of haggling with Castro by everyone from a former first lady to a high-profile diplomatic negotiator who led the group that finally succeeded — a group of the prisoners’ mothers, wives and fathers who made up the Cuban Families Committee.

Their effort resulted in a now-forgotten 7,857 exodus of Cuban refugees, many relatives of the brigadistas, who arrived in cargo ships at Port Everglades in Fort Lauderdale from December 1962 to July 1963.

Two women in the committee played key roles — one in Cuba, motivated by a mother’s love; the other in Miami, seeking to free her husband.

Havana socialite, Berta Barreto, whose oldest son, Alberto Oms Barreto, had been captured during the invasion, made the initial contact with Castro and promised that the ransom he had set for the men would be paid. Years later, her second son, Pablo Perez-Cisneros Barreto, wrote the definitive book on the negotiations called After the Bay of Pigs, soon to be published in Spanish. “What my mother and the others managed to do, with no experience in high-level negotiating, was extraordinary,” Perez-Cisneros Barreto said.

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Reacting to users’ outcry, Facebook’s Instagram reverts to prior policy on advertising

SAN FRANCISCO – Instagram has abandoned wording in its new terms-of-service agreement that sparked outcry from users concerned it meant their photos could appear in advertisements.

In a blog post late Thursday, the popular mobile photo-sharing service says it has reverted to language in the advertising section of its terms of service that appeared when it was launched in October 2010.

Instagram is now owned by Facebook Inc. and maintains that it would like to experiment with different forms of advertising to make money.

Its blog post says that it will now ask users’ permission to introduce possible ad products only after they are fully developed.

The outcry to the changes announced earlier this week led the company to clarify that it has no plans to put users’ photos in ads.

Social Media News Headlines – Yahoo! News

Title Post: Reacting to users’ outcry, Facebook’s Instagram reverts to prior policy on advertising
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Jennifer Lawrence Fashion Time Warp

"It" girl Jennifer Lawrence is getting a lot of attention this year, and with good reason! 

The recent Golden Globe nominee has proven herself worthy of the big-screen hype thanks to the box office success of The Hunger Games and Silver Linings Playbook. On top of that, the beauteous bombshell has become a fashion-forward phenomenon.

Related: Five Things You Don't Know About Jennifer Lawrence

Join us as we look back at Jennifer's best and worst looks of red carpet past.

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Former Gov. Patterson canned from radio hosting gig

William C Lopez

Former Gov. David Patterson is out of work once again.

Former Gov. David Paterson is looking for a new job — again.

Clear Channel canned him yesterday as the 4-6 p.m. weekday talk show host on WOR-AM 710 radio – less than two years after he was out of work following his tumultuous and abbreviated tenure at the state’s helm.

“As governor, he was oftentimes in position to dish it out, so he is certainly someone who can take it,” Paterson spokesman Sean Darcy said, adding the state’s first black chief exec “has been exploring a number of different options both in and out of the media.”

Paterson decided against running for governor in 2010 after ascending to the job when former Gov. Eliot Spitzer quit in March 2008 over a hooker scandal.

He landed the WOR gig in September 2011, but Clear Channel bought the station earlier this year and the conglomerate began layoffs this week.

Paterson had told Post columnist Fredric U. Dicker on his own radio show on Albany’s Talk 1300 AM recently that his job wasn’t a sure thing.

Paterson’s face and name were gone from the WOR web site’s “personalities” section yesterday, and the site’s schedule had no listing for his normal show time.

Execs for the station and Clear Channel could not be reached for comment.

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The Cuban government Thursday denounced what it called the “unjust and illegal” multi-million dollar fines the U.S. government slapped on two foreign banks for violating Washington’s sanctions on the island.

The U.S. actions show that its “ferocious persecution of financial and commercial transactions by Cuba and those with legitimate relations … has only changed but has hardened,” a Foreign Ministry official said in a statement.

The British-based HSBC bank agreed to pay $1.9 billion to the U.S. government last week to settle accusations that it laundered drug money through its Mexican and other branches, and violated U.S. economic sanctions on Cuba.

The next day Washington announced that Japan’s Tokyo-Mitsubishi UFJ bank had agreed to pay $8.6 million to settle what the Cuban statement called “a supposed violation of the unilateral sanctions of the United States against various countries, including Cuba.”

Under the trade embargo, banks cannot move Cuban funds through U.S. financial institutions or handle U.S. dollar deposits for Cuban entities or citizens. Cuba is subject to other sanctions as well because it is on the U.S. list of countries that support international terrorism.

The Foreign Ministry statement noted that the sanctions came one month after the U.N. General Assembly voted overwhelmingly for the 21st time to condemn the 50-year-old trade embargo against Cuba.

While the HSBC settlement was reported to be one of the largest ever, the U.S. Treasury Department has hit several other foreign banks in recent years for violating sanctions on Cuba and other countries, especially Iran.

The Netherlands’ ING bank agreed to a $619 million settlement earlier this year. Credit Suisse agreed to pay $539 million in 2009. And the Swiss UBS bank was hit with a $100 million settlement in 2004.

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