Fed aims for a 6.5% jobless rate




















Six and a half percent unemployment in America would mean almost 2.1 million more people working than today. At the rate the country has been creating new jobs each month, it would take more than a year to find work for that many people.

Keep 6.5 percent in mind this week when the Federal Reserve meets Tuesday and Wednesday to talk about its efforts to push interest rates down. The hope is that the cheap cash will spur on investment leading to job creation. After all, the central bank has promised to keep its target interest rate near zero as long as more than 6.5 percent of Americans in the workforce are without work. The Fed has put other conditions on maintaining its historically low interest rate such as low inflation, but official measures remain tame. So its job growth the Fed is looking for.

It won’t have to wait long for the latest update. On Friday the first jobs report of 2013 will be released. Hiring has been a slow grind but it has been positive.





Finding work in January, though, can be tricky. Winter weather, a hangover from the holidays and seasonal work ending can slow down hiring.

It will be months, maybe even a couple of years before the U.S. unemployment rate hits 6.5 percent. There is nothing magical about that number, but as long as the Federal Reserve has it in its sights, so should we.

Tom Hudson is anchor and managing editor of Nightly Business Report, produced by NBR Worldwide and distributed nationally by American Public Television. In South Florida, the show is broadcast at 7 p.m. weekdays on Channel 2. Follow him on Twitter, @HudsonNBR.





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Former Miami Mayor Manny Diaz considering bid for governor.




















Former Miami Mayor Manny Diaz looks ready to run for governor and has spent the past three weeks lining up support from strategists, financiers and elected officials.

Diaz, who hasn’t returned calls from The Miami Herald for three weeks about his plans, finally returned a text message on Friday and said he wasn’t ready to speak about the matter, in part because he was attending a charity golf tournament.

Diaz met Friday morning with top Democratic strategist Jeff Garcia, who said he’d like the former mayor to run.





"His potential candidacy presents a unique opportunity for Democrats and Floridians to take the state in a completely new and positive direction," said Garcia, U.S. Rep. Joe Garcia’s chief of staff who met Friday morning with Diaz. "I’m excited he’s considering running. It adds something new and fresh to the field."

Diaz, mayor from 2001-2009, would be the only Democratic Hispanic candidate among those who have announced or are considering a bid to challenge Republican Gov. Rick Scott. Hispanics, the fastest-growing segment of the electorate, helped President Obama win his reelection campaign in Florida.

If elected, Diaz would be the first Democratic Hispanic governor. The state’s first Hispanic governor was a Republican, Bob Martinez.

Diaz has made no formal announcement for the election, which is still nearly two years away.

Former Democratic state Senate leader Nan Rich, of Weston, has announced her intention to run. Former state CFO and the last Democratic governor’s candidate, Alex Sink, is mulling a run as is former Gov. Charlie Crist, a former Republican, who helped President Obama’s campaign in Florida this year.

Diaz was a big help to Obama’s Florida campaign as well. In the waning days of the election when he cut a Spanish-language ad rebutting a spot from Republican Mitt Romney’s campaign, which suggested the president was a socialist.

As a past leader of the U.S. Conference of Mayors, Diaz has some close allies in top spots. He has approached Jacksonville Mayor Alvin Brown for support and wants to hire some of U.S. Sen. Bill Nelson’s campaign team.

New York Mayor and media tycoon Michael Bloomberg wrote the forward to Diaz’s book, Miami Transformed, which Diaz is promoting.

Diaz is also on good terms with former Baltimore Mayor and current Maryland Gov. Martin O’Malley, who recently stepped down as head of the Democratic Governor’s Association.

One Democratic source said the DGA is nervous about a potential Crist candidacy because of the former Republican governor’s "baggage."

But Diaz has some, too, according to his critics in Miami-Dade, home of the largest block of voters in the state.

His successor, Republican Tomas Regalado, faulted Diaz for leaving the city’s budget in bad condition.

Regalado noted that as mayor, Diaz spent more money than Miami took in, draining the reserves from $120 million at the beginning of his tenure to just $20 million by the end.

"He’s going to have a hard time explaining the way he left Miami," Regalado said.

Regalado also faulted Diaz for pushing for a new stadium for the Miami Marlins baseball team.

Diaz won’t, however, need to explain anything after recently changing his party affiliation from independent to Democrat, Regalado said.

"Thankfully, Charlie Crist has already done that," he said.

Other Miami movers and shakers, though, say Diaz did an excellent job in trying times.

"Manny is a visionary leader who has never lost his footing or his roots," Eduardo J. PadrĂ³n, Miami Dade College president, said in blurb about Diaz’s book. "He epitomizes the immigrant success story and the fruition of the American Dream."

At a recent Miami fundraiser for a Los Angeles candidate for mayor, Eric Garcetti, Diaz was introduced as "Gov. Manny Diaz." Diaz did nothing to quiet the talk, according to people in the room.





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Yandex says new mobile app is blocked by Facebook






MOSCOW (Reuters) – Russian internet company Yandex said on Friday its new experimental application to search on social networking sites from mobile devices was blocked by Facebook.


The Wonder app is a recommendation tool for devices using Apple’s iOS software that allows U.S. users of social networks to retrieve information from these sites by voice or by typing questions.






The application was released late on Thursday for users of Facebook, Instagram, Foursquare and Twitter but was blocked by Facebook three hours after the launch, a Yandex spokesman said.


He added that talks between Yandex and Facebook, aimed to establish the reason of the issue and resolve it, were to begin within hours. He gave no reason for the problem.


Facebook was not available for comment.


With the new app, Yandex wants to test the opportunities offered by social networks. If successful, the company will consider offering it to users in Russia and Turkey, he said.


Shares in Yandex, Russia’s most popular search engine, gained 0.8 percent in early trade on Friday.


(Reporting by Maria Kiselyova; Editing by Mike Nesbit)


Internet News Headlines – Yahoo! News





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Julianne Hough Talks Her Changing Style

The always stylish Julianne Hough is launching her own shoe collection with Sole Society in February, and in a candid new interview with ET, the multi-talented star dishes on her own evolving style -- which has obviously gone through a drastic transformation since she burst onto the scene on Dancing with the Stars.

"My style has completely evolved from when I was first on Dancing with the Stars," the bubbly 24-year-old laughs. "I can actually see the real color of my skin now. I think it was a lot more glitz and glamour and costume, and I think now I'm trying to be a little bit more natural and understated -- but still fun -- but definitely a bit more everyday. I don't think I could walk down the street with some ballroom shoes on, and a little glitzy outfit, and feel comfortable. I think this is way more me now," she says, gesturing to her demure Peter Pan collar sweater.

Pics: The Complete List -- 'Dancing with the Stars' Winners

Julianne acknowledges that her style has definitely become more conservative as she's grown up.

"It's funny when I was younger, it was like, the sexier the better -- you know, always trying to look older and stuff like that, and now it's opposite," she says. "You know, I've got nieces and they're 14 and I don't want them to dress how I dressed. So I think I'm definitely a little bit more conscious of it. Like, I don't wear as short of shorts now, or show my belly. I wear less padded bras, that kind of stuff."

These days, Julianne would refer to her style as "a little bit of class, and a little bit of sass."

"I do have fun opportunities to get dressed up and to find my own voice and my own style, and it's ever-evolving and ever-changing, but it's definitely different in the last couple of years actually," she reflects. "I think that I've really kind of found my own niche and what I feel comfortable with. There's a certain amount of class -- with a certain amount of sass -- to be honest."

Video: Julianne Hough Speaks About Escaping Dark Past

But now she's ready to take her fashion game to the next level, partnering with Sole Society on a new footwear collection which consists of everything from flats, heels to sandals, each available in multiple color options. Julianne Hough for Sole Society will introduce five to six styles per month for six months, with prices starting at $49.95.

"I don't know if I've always dreamed of creating shoes in particular, but I've always dreamed of creating in general, she explains. " ... In dancing, or acting or singing, I don't want to just cover somebody else's stuff -- I want to create my own.... and so I want to create my own shoes."

Check out the video to see Julianne in action, modeling her own collection. Julianne Hough for Sole Society will be available at www.solesociety.com, Nordstrom.com and in select Nordstrom stores starting February 11.

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Tina Turner on her way to Swiss citizenship

GENEVA — Tina Turner is on her way to becoming a Swiss citizen.

The American rock diva has lived in the Zurich suburb of Kuesnacht since the mid-1990s. The local Zuerichsee-Zeitung newspaper said on its Web site the local council announced its decision to grant the 73-year-old Turner citizenship in an official notice published in Friday's edition.

The decision still requires formal approval from state and federal authorities.




CONTRAST/startraksphoto.com



Tina Turner



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Economist: Euro crisis could erupt again this year




















Is the euro crisis over? A leading U.S. economist says not by a long shot.

Even as the head of the European Central Bank talked Friday of “positive contagion” in the markets and predicted an economic recovery for the recession-hit eurozone later this year, economist Barry Eichengreen warned that the debt crisis that has shaken Europe to its core could easily erupt again this year unless European leaders move faster to solve their problems.

While European governments and markets have been breathing easier in recent months after years of turmoil, it’s no time for complacency, said Eichengreen, a professor at the University of California - Berkeley who has chronicled the Great Depression and explored the consequences of a breakup of the euro currency.





“Nothing has been resolved in the eurozone, where markets have swung from undue pessimism to undue optimism,” Eichengreen told The Associated Press in an interview at the World Economic Forum in Davos, Switzerland, an annual gathering of corporate and government leaders. “They said all the right things last year … and they’ve been backtracking ever since.”

He urged eurozone leaders follow up on its proposals to steady its banking system and keep failed banks from adding to government debt through expensive bailouts.

European leaders in Davos this week are seeking to reassure investors and corporate leaders that the continent is on the mend after its punishing debt crises.

European Central Bank chief Mario Draghi on Friday forecast a recovery in the eurozone economy in the second half of the year, and spoke of “a new restored sense of relative tranquility” and “positive contagion on the financial markets.”

But he acknowledged “we don’t see this being transmitted into the real economy yet.”





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Kansas to retire jersey of Miami Heat starter Mario Chalmers




















LAWRENCE, Kan. (AP) - Miami Heat starter and former Kansas star Mario Chalmers, whose buzzer-beating 3-pointer helped the Jayhawks win the 2008 national title, will have his jersey retired next month.

Chalmers was the MVP of the Final Four when the Jayhawks beat Memphis for the national championship. But it was his 3-pointer from the top of the key to force overtime that became the defining moment of Kansas' march through the tournament.

The shot is replayed during the video montage showed before every Kansas home game, and always generates the biggest roar from the crowd in Allen Fieldhouse.





Chalmers joins 27 other men and three women to have their names hoisted to the rafters. Among them are Wilt Chamberlain, Danny Manning and Paul Pierce.





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Microsoft profit dips on lower Xbox holiday sales






SEATTLE (Reuters) – Microsoft Corp reported a dip in fiscal second-quarter profit on Thursday, as weaker sales of its Xbox game system in the holiday quarter offset a solid start for its new Windows 8 operating system.


The world’s largest software company reported profit of $ 6.4 billion, or 76 cents per share, compared to $ 6.6 billion, or 78 cents per share, in the year-ago quarter.






Overall sales rose 3 percent to $ 21.5 billion.


(Reporting by Bill Rigby; Editing by Richard Chang)


Gaming News Headlines – Yahoo! News





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How Here Comes Honey Boo Boo's Mama June and Sugar Bear Met

Mama June and Sugar Bear -- a.k.a. Honey Boo Boo's parents -- are going on almost nine years together, and in this brand new TLC clip, Mama June explains just how the two fell in love.

While for Sugar Bear it was "love at first sight," for her it was more lust at first sight!

Pics: 5 Reality Star Couples Going Strong

"Was it love at first sight? No," she admits. "Was it bed at first sight? Maybe. You gotta try the milk out before you buy the cow."

The brand-new clip is from this Sunday's Here Comes Honey Boo Boo: You Don't Know Boo! special, which will feature never-before-seen interviews and bloopers, as well as highlights from the first season. The special airs at 9 p.m. ET/PT on TLC.

Video: Honey Boo Boo Scares Mama with Mayo

Click the video to hear how Mama June and Sugar Bear met, and why Honey Boo Boo calls her father Sugar Bear.

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Te'o tells Couric 'pain' and 'sorrow' was real








AP



Notre Dame golden boy Manti Te’o appeared in an emotionally-driven interview with Katie Couric today, telling her that the feelings he had for what turned out to be a fake, online girlfriend were real and reiterated he had nothing to do with the hoax.

The All-American linebacker said he was truly sorrowful and pained.

He said he sustained tall tales about his fake, dead girlfriend to keep inspiring legions Irish football fans who saw him as the ultimate triumph-over-tragedy figure.

Te’o told Katie Couric that the story of gal pal “Lennay Kekua,” who allegedly died of cancer on Sept. 12 during the Irish football season, had taken a life of its own -- so he ran with it.




“I think for me the only thing I basked in was that I had an impact on people,” he said in an interview aired today.

“That people turned to me and for inspiration and I think that was the only thing I focused on.”

He added: “You know my story I felt was a guy who in times of hardship and in times of trial really held strong to his faith, held strong to his family and I felt that that was my story.”

Te’o led his Notre Dame football team to an undefeated regular season. His real grandmother died on Sept. 11 and Te’o said he was told Lennay died the next day.










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