NY gets $27 million federal grant to hire Sandy cleanup workers

New York has gotten a $27 million federal grant that will go toward hiring people to help Superstorm Sandy cleanup efforts.

Gov. Andrew Cuomo announced the National Emergency Grant on Sunday. The money is going to go to communities that were hit hard by the storm so that they can hire people.

The state Department of Labor is administering the funds.

At an event in Brooklyn about the grant, a throng of about two dozen people were already lined up to apply for the jobs, and officials say 800 people have already applied.

The jobs are expected to last generally about six months and pay up to $15 per hour.

REUTERS

Workers clean up a flooded store in Coney Island.

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Is the electric car dying again?

A second administration of President Barack Obama will be forced to revisit the issue of subsidies for renewable energy and, with it, those for electric vehicles. Despite the millions of dollars spent on government incentives, marketing and promotion, sales of fully electric cars are well below projected targets. Investment in vehicle charging infrastructure also has fallen victim to budget cutbacks, limited usage and concern over the return on money spent.

Indeed, only last month, a leading automotive battery manufacturer, A123 Systems, was forced to declare bankruptcy. And the founder and CEO of Better Place, Shai Agassi, whose company (in which I was employed) promotes all-electric vehicles with batteries that can be both charged and replaced, was himself replaced due to low sales figures and high capital expenses arising from the deployment of battery-switching stations.

As a result, the question is now being raised: Are we again bearing witness to the death of the electric car?

Any such conclusion over the longer term may be premature. With declining costs and gradually improving technologies that can extend battery range beyond its current limitations, the electric car continues to hold promise. Rising gasoline prices and potential disruptions in oil supply favor alternative sources of energy.

To achieve mass market adoption, however, cars running on electricity — or any other alternative energy source — must satisfy the three “C’s”: cost, convenience and connectivity.

Few buyers are able or willing to pay more for a car running on clean energy unless the upfront cost of the car roughly equals or is below its carbon-powered alternative. Advertised savings over time in powering a car using alternative “fuels” so far have failed to persuade the average driver to buy. And while government subsidies play a role in reducing initial costs to consumers, such incentives so far have not been sufficient to attract large numbers of drivers to switch to electric vehicles.

Cars driven solely or partially by electricity or other alternative energies also must be at least as convenient as those powered exclusively by internal combustion engines. Drivers appear unwilling to sacrifice the expected hundreds of miles in driving range between refuelings. Likewise, drivers demand refueling times equal to what they are accustomed — about five minutes at the gasoline station.

Further, there must be adequate infrastructure in place to enable large numbers of drivers to connect to an alternative energy source before that source can be widely adopted. While a scattering of drivers simultaneously connecting to a power grid may not have much impact, large numbers of drivers doing so can cause major power outages that escalate absent the real-time balancing of energy loads across the network. Moreover, the environmental impact of the connected cycle between car and infrastructure, often referred to as the “well-to-wheel” balance, has to result in less pollution overall for alternative energy vehicles to achieve significant market traction.

Until the fully electric car can satisfy all three C’s, any assessment of projected vehicle sales must reflect a variety of energy sourcing options, both traditional and alternative, all competing for market share.

Gasoline and diesel likely will remain the predominant source of energy in the foreseeable future for new car buyers, with hybrid vehicles that run on both petroleum and alternative energy sources taking an increasingly larger share of the market. Although more costly than pure gasoline-driven cars, hybrids do offer a more environmentally friendly solution and provide the driving range demanded by car buyers.

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Miami-Dade Police: One dead, one wounded in Friday night shooting

Miami-Dade homicide detectives are investigating a Friday night shooting that killed one man and sent another to a hospital.

The shooting started about 8:11 p.m. in the area of 17th Avenue and Northwest 92nd Street in West Little River, according to police. People began arguing and then fighting, and then “several shots were fired,” according to a police statement.

One victim, a 22-year-old man, was killed at the scene of the shooting. A second, 40-year-old man was taken to Jackson Memorial Hospital’s Ryder Trauma Center, where police said he is listed in critical condition. Neither man has been identified.

Police are searching for the shooter.

Anyone with information should call Miami Dade CrimeStoppers at 305-471-8477.

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Larry Hagman Dies

Larry Hagman, best known for playing Dallas villain J.R. Ewing, died Friday morning from complications stemming from his recent battle with cancer.

He was 81 years old.

Video: Larry Hagman Talks 'Dallas', Cancer and Veganism

"Larry was back in his beloved Dallas, re-enacting the iconic role he loved most," his family said in a statement via The Dallas Morning News. "When he passed, he was surrounded by loved ones. It was a peaceful passing, just as he had wished for. The family requests privacy at this time."

Hagman's rep says the late actor will be cremated.

His Dallas co-stars Linda Gray (who played his wife Sue Ellen) and Patrick Duffy (who played his brother Bobby) were reportedly at his bedside when he died, The Sun is reporting.

"Larry Hagman was my best friend for 35 years. He was the Pied Piper of life and brought joy to everyone he knew," Gray tells ET in a statement. "He was creative, generous, funny, loving and talented, and I will miss him enormously. He was an original and lived life to the fullest ... The world was a brighter place because of Larry Hagman."

Video: J.R. Menaces in New 'Dallas'

Hagman, who also starred as Air Force Captain Anthony Nelson in I Dream of Jeannie, was last seen on television in TNT's Dallas reboot, where he returned to play his most well-known character.

"Larry Hagman was a giant, a larger-than-life personality whose iconic performance as J.R. Ewing will endure as one of the most indelible in entertainment history," Warner Bros., Dallas executive producers Cynthia Cidre and Michael M. Robin, and the show's cast and crew said in a statement. "He truly loved portraying this globally recognized character, and he leaves a legacy of entertainment, generosity and grace. Everyone at Warner Bros. and in the Dallas family is deeply saddened by Larry's passing, and our thoughts are with his family and dear friends during this difficult time."

"It was truly an honor to share the screen with Mr. Larry Hagman," Dallas reboot star Jesse Metcalfe, who plays Christopher Ewing, said in a statement. "With piercing wit and undeniable charm he brought to life one of the most legendary television characters of all time. But to know the man, however briefly, was to know a passion and dedication for life and acting that was profoundly inspirational."

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PATH service to Lower Manhattan to resume Monday

REUTERS

Floodwaters from Hurricane Sandy rush into the Port Authority Trans-Hudson's (PATH) Hoboken, New Jersey station through an elevator shaft.

TRENTON, NJ — Weekday PATH service to Lower Manhattan along the World Trade Center line will resume early Monday.

Officials say those trains will run from 5 a.m. to 10 p.m., with stops in New Jersey at Newark, Harrison, Journal Square, Grove Street and Exchange Place and in New York at the World Trade Center.

Disabled access will be available at Newark and World Trade Center.

Floodwater spawned by Superstorm Sandy inundated the World Trade Center station, covering its track bed with several feet of water. Port Authority PATH crews have since removed millions of gallons of water from the tracks and platforms and repaired or replaced damaged switching and signal systems.

The line will not operate on weekends, so crews can continue their repair work.

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For Miami, new cruise ships a cause for celebration

Miami’s ship has come in. And it looks more like a fleet.

The Carnival Breeze, which starts regular sailings from its new year-round home Saturday, will be joined Thursday by Oceania Cruises’ Riviera and Dec. 1 by Celebrity Reflection. All three launched earlier this year in Europe and make their U.S. debut in Miami.

After a three-year dry stretch that saw no shiny new vessels mooring in Miami’s waters — and years of efforts to draw new operators coupled with millions spent on upgrades — the port is touting its biggest expansion ever with the three new ships as well as three new cruise lines signing on for this season and next.

“You want your newest ships to have the newest facilities, and that’s what Miami has done,” said Miami cruise expert Stewart Chiron, CEO of CruiseGuy.com.

Regent Seven Seas Cruises moved its ships from Port Everglades in Fort Lauderdale to Miami, and Disney Cruise Line will sail for the first time from Miami starting in late December. Next year, MSC will bring its newest ship, Divina, to Miami after previously sailing from Fort Lauderdale.

And Miami-based Norwegian Cruise Line, which reignited the parade of new ships in 2010 with the Norwegian Epic, is bringing the 4,000-passenger Norwegian Getaway in January 2014 to Miami, where it will sail year-round.

“I never, ever would have considered going anywhere else, because we are a Miami company and we really believe that means something,” said Kevin Sheehan, Norwegian’s president and CEO.

That hasn’t always been the universal sentiment. Nearly six years ago, the port was under fire for a history of inefficiency and sub-par facilities. In late 2007, Royal Caribbean chose Port Everglades in Fort Lauderdale as homeport for Oasis and Allure of the Seas, the world’s largest cruise ships — despite having a Miami headquarters.

The presence of those giant ships has meant some other cruise lines felt the squeeze, and a couple, like Regent Seven Seas Cruises and MSC Cruises, have opted to move south.

“Once upon a time, Port Everglades was known as the boutique cruise ship port,” said Frank Del Rio, chairman and CEO of Prestige Cruise Holdings, parent company of Oceania and the luxury Regent Seven Seas. “Now Port Everglades is the megaship port. We’re the antithesis of megaships.”

But Chiron said the moves aren’t necessarily a negative for Fort Lauderdale’s port.

“These ship movements and repositionings, all it’s really doing is opening up both ports for really bright future opportunities,” he said.

Port Everglades has grown its multiday cruise passenger numbers from about 2.6 million in fiscal 2008 to an expected more than 3.6 million on 45 ships in fiscal year 2012. By comparison, PortMiami’s passenger numbers have grown from about 3.8 million in 2008 to what is expected to be more than 4 million with 26 ships at the peak for the current fiscal year.

For its part, Port Everglades continues to invest in upgrades, recently finishing the $54 million reconstruction of four cruise terminals under a 2010 agreement with Carnival Corp. for brands including Holland America Line, Seabourn and Princess Cruises.

The investments go on at PortMiami as well, where director Bill Johnson, who took the job in 2006, listened to criticism that Miami hadn’t done enough to support the cruise industry. In the last few years, the port built a pair of terminals for Carnival for about $100 million. Since those terminals opened about four years ago, the port will have spent and continues to spend $70 million more in improvements, Johnson said.

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Small plane makes emergency landing in Southwest Ranches

A small, ultralight airplane made an emergency landing onto an open cow pasture in Southwest Ranches on Friday. No one was injured, Broward Sheriff’s Office reported, and the airplane did not suffer any significant damage.

Two people were aboard the plane, said Dani Moschella, a BSO spokeswoman. An investigation into the cause of the emergency landing will be conducted by the Federal Aviation Administration.

The plane went down in the area of Griffin and Hancock roads.

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Fired colleague of UBS rogue trader Adoboli opens betting site

LONDON (Reuters) – A former senior trader at UBS, sacked for failing to prevent colleague Kweku Adoboli from perpetrating the biggest fraud in British history, has set up a gambling website.

In a decision likely to be seized upon by critics who say traders have often made casino-style bets, John Hughes started his gambling firm even though his website said his old job had “removed all sense of optimism from his character”.

Adoboli, his former subordinate now serving seven years in jail for running up losses of $ 2.3 billion, argued during his trial that his own behavior was the result of a risky trading culture encouraged by senior colleagues, and his lawyers alleged that Hughes had played a major role in “off-book” trading.

Hughes admitted he had known of Adoboli’s scheme to hide his giant losses and that he had booked several fictitious trades himself, but denied knowledge of some of Adoboli’s biggest multi-billion dollar trades.

Hughes said he had chosen to call his new gambling website ‘BetsofMates’, a play on the expression “Best of Mates”.

That may grate with Adoboli who complained that his colleagues, including Hughes, had “sold me down the river” after a meeting at which he said it was decided he alone would carry the can for the huge losses.

Hughes and the others said they had no memory of such a meeting.

“We’re not a standard bookie,” Hughes said of his new website, which enables users to play against each other in leagues, with each player placing bets of between two and 200 pounds.

“We facilitate competition. The emphasis is a lot more on competition than yield enhancement,” he told Reuters on Thursday.

The former senior trader on the Exchange Traded Funds desk at UBS in London said Adoboli’s conviction was “just incredibly sad”. He declined to comment further.

Despite a large salary and bonus, Adoboli was himself an avid gambler and lost 123,000 pounds ($ 200,000) on spread-betting in the year before his arrest.

One prosecutor accused him of being addicted to gambling to which Adoboli countered that spread-betting was common among City traders “like a taxi driver driving his own taxi home”.

Hughes’ profile on his new firm’s website says that “seven years in the City (had) removed all sense of optimism from his character, and made him absurdly superstitious.”

He told Reuters such feelings had arisen “sitting there watching the markets for seven years and watching different news hit the tapes and obviously the last seven years haven’t been the easiest in the financial markets.”

Britain’s Gambling Commission granted a license to his pool betting company ‘Bets of Mates Limited’, which is registered to an East London address, in September 2012, two months before Adoboli was convicted.

(Editing by Andrew Osborn)

Internet News Headlines – Yahoo! News

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Stars Pose for Ultimate Pin-up Calendar

The Pirelli Calendar is one of the most exclusive calendars in publication, featuring well-known photographers and even more famous models, and we have behind-the-scenes footage from shoots for the upcoming issue.

RELATED: Kate Moss Denies Drug & Anorexia Claims

The calendar -- famous for its limited availability -- has featured legendary models like Kate Moss and Naomi Campbell as well as Oscar-winning actresses like Penelope Cruz and Hilary Swank. But it's not just those in front of the camera that draw attention to the trade calendar. It also enlists the highly trained eye of notable fashion luminaries such as photographer Mario Sorrenti and designer/photographer Karl Lagerfeld.

The calendar is only given as a corporate gift to a restricted number of important Pirelli customers and celebrity VIPs, so an appearance in the calendar has become a mark of distinction for everyone chosen to collaborate on the project.

When the 2013 calendar releases in Rio de Janeiro, ET's Chris Jacobs will be there to cover the event and chat up the stars.

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Dow Jones Industrial Average closes above 13,000 for first time since Election Day

Stocks rallied in an abbreviated session on Wall Street.

The Dow Jones industrial average shot up 172 points to 13,009. That's the first close above 13,000 for the Dow since Election Day.

The Standard & Poor's 500 index rose 18 points to 1,409. The S&P also racked up its biggest weekly point gain of the year. The Nasdaq composite index climbed 40 to 2,966.

Traders were encouraged by economic signals out of Germany and China. It's also the first day of the traditional holiday shopping season.

Trading on Wall Street was thin, about 1.4 billion shares, in a holiday-shortened session. Advancing stocks beat decliners 5-to-1.

REUTERS

A trader works on the floor of the New York Stock Exchange today as a little girl watches.

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