New equity options exchange owned by Miami company starts trading on Friday

MIAX Options Exchange, a new fully electronic, equity options trading exchange, said it will begin trading on Friday.

MIAX Options Exchange is based in Princeton, N.J., but its parent company is Miami International Holdings. While MIAX’s executive offices, technology development center and national operations center are based in Princeton, additional executive offices, and a multi-purpose training, meeting and conference center will be located in Miami, the company said.

MIAX Options Exchange’s trading platform has been developed in-house and designed for the functional and performance demands of derivatives trading, the company said.

INA PAIVA CORDLE

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State lawmakers cautious about projected $437 million budget surplus

TALLAHASSEE --
Initial, positive indications about Florida’s budget for the coming fiscal year could be overtaken by events if the Florida Supreme Court strikes down changes to state employees or the nation plunges over the fiscal cliff, the state’s top economist warned Wednesday.

Speaking to the first meeting of the Senate Appropriations Committee, Amy Baker — coordinator of the Legislature’s Office of Economic and Demographic Research — told lawmakers that the current projection of a $436.8 million budget surplus could still change.

"I think the message is that this is not a large cushion," Baker said. "It could evaporate on you if economic circumstances turn against us."

Lawmakers have long watched a decision in the case challenging a 2011 law that required employees to contribute 3 percent of their income to their retirement funds, along with other changes. It could cost the state around $2 billion if the Supreme Court strikes down the law.

A Leon County circuit court judge voided the changes for employees hired before July 1, 2011; justices seemed hesitant about upholding that ruling at oral arguments earlier this year.

But Baker said the so-called "fiscal cliff," a package of federal spending cuts and tax increases set to take effect on Jan. 1 unless Congress and President Barack Obama can reach agreement, also looms large.

If there is a long delay in reaching a deal — one that stretches past January and into March — it could cost the state as much as $375 million, Baker said, comparing it to the debt-ceiling fight in August 2011 that dragged down the state economy.

Even if there is an agreement, it is likely to include some measures that will reduce estimated state income by hundreds of millions of dollars, Baker said.

"There is no likelihood that Florida will escape from the final decision with no changes to our budget," Baker said.

The uncertainty has pushed lawmakers who are optimistic about the numbers to nonetheless urge caution. Senate Appropriations Chairman Joe Negron, R-Stuart, told the committee that he wanted to boost the budget stabilization fund, one of the state’s reserves, to $1.5 billion. That’s at least $500 million over where the fund is projected to be, Negron said.

After the meeting, Negron told reporters that might be as much as the Legislature can do.

"You can never have too much in a reserve, but realistically I think $1.5 billion is a reasonable target to shoot for," he said.

Sen. John Thrasher, R-St. Augustine, said the situation should send a message to advocates for various state agencies in the audience.

"They need to be on notice that there is a lot of uncertainty out there and that this budget if these two things come to fruition is going to be very, very difficult to put together," Thrasher said. "And I think either one of them could devastating to us."

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Jessica Biel on the Best Part of Being a Newlywed

With people still buzzing about Hitchcock star Jessica Biel's October wedding to Justin Timberlake, Jessica's revealing to Elle magazine the best part of being a newlywed, her buzzed-about pink wedding dress and Justin's unexpected domestic side.

On what it means to be married, Jessica says it's all about now having a constant companion.

"It means always having someone there to open the pickle jar…to share the ups and downs with, have adventures with. Someone to go swimming naked with. That kind of thing … Honeymooning is the best thing about being a newlywed. I wish I could honeymoon forever," she says.

Pics: Justin Timberlake & Jessica Biel's Most Romantic Moments

Jessica's unique pink Giambattista Valli wedding dress was one of the most-talked about aspects of the A-list couple's romantic Italian ceremony, and she reveals her inspiration behind the choice.

"I wanted the dress to be very romantic and feminine and a shape that I very rarely wear. I have never been crazy about all-white wedding dresses, for me at least," she dishes. "[Giambattista Valli] had created that same fabric in a fuchsia-and-pink combination for a dress in a previous collection, and I asked him if he could create that same pattern in a white combination, and he suggested pink. It was a bit of a leap of faith at the time, but it turned out better than I could have ever imagined. [Putting it on], I felt like I had made the right choice. I felt elegant. And it moved like a dream."

And what's one thing people don't know about her multi-talented husband?

According to Jessica, he makes a mean pie.

"He bakes pies. He’s Southern, so he's got all this influence from his grandma. He does a three-layer pie…and blueberry crunch cake, which is pretty unbelievable," she surprisingly reveals. "It doesn't happen all that often, thank God. Otherwise, it would be a big problem."

Related: First Photo -- Justin & Jessica's Wedding!

Elle's January issue hits newsstands December 18.

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Mayor Bloomberg says NYC working on being better prepared for extreme weather like Sandy

The city will work on upgrading building codes and evacuation-zone maps, hardening power and transportation networks and making sure hospitals are better prepared for extreme weather after Superstorm Sandy, Mayor Michael Bloomberg said Thursday.

As a start, utility Consolidated Edison has agreed to spend $250 million to get its electrical, steam and gas systems in shape to withstand a Category 2 hurricane, Bloomberg said. City officials, meanwhile, will work on more comprehensive plans to help Sandy-ravaged areas recover and prepare the city for future weather disasters. That will include examining the pros and cons of building berms, dunes, levees and other coast-protection structures, Bloomberg said, though he remains cool to the idea of massive sea walls.

"Let me be clear: We are not going to abandon the waterfront," the mayor said in a speech Thursday at a meeting sponsored by the Regional Plan Association and the League of Conservation Voters. But "we have to build smarter and stronger and more sustainable."

The city is still focused on recovering from the Oct. 29 storm, but officials have started to think about preparing for natural disasters, in light of the prospect of more extreme weather and higher seas because of global warming, Bloomberg said. He has long been outspoken about the risks of climate change, teaming up at times on environmental and anti-global-warming initiatives with former Vice President Al Gore, who praised Bloomberg's efforts before his speech Thursday.

While Gore said Sandy "was related to climate change," Bloomberg was less explicit in drawing a connection.

"Whether or not one storm is related to climate change or is not, we have to manage for risks," he said, noting that severe storms, rainfalls and heat waves in recent years show "that the dangers from extreme weather are already here."

Before Sandy, the city had already made and touted its efforts to prepare for climate change and storms, through measures ranging from studying coast-protection strategies to changing construction laws. But Sandy's storm surge, a modern record, flooded beyond the area officials had expected and made it clear that utilities, hospitals, and transit systems need to be prepared for worse inundation than they were.

Bloomberg says officials also will revisit its construction laws, particularly height restrictions that could discourage people from elevating their homes.

And he has instructed economic development and planning officials to assess what it will take to make power grids, transportation networks and hospitals able to handle a Category 2 hurricane, record-breaking heat wave or other natural disaster.

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Art Basel brings full rooms, high rates to Miami Beach hotels

Hotels in Miami-Dade are full this week — of guests, art and events.

In some cases, they’re even being taken over. See: Lords South Beach at 1120 Collins Avenue, which has been turned from a sunny hotel into an intimidating, super-sized, crowd-interacting black dog.

“At night, when it’s talking, it’s so funny to watch people walk by and do the double take,” said Brian Gorman, the hotel’s founder.

The installation by Desi Santiago, formally called Perrier Presents: The Black Lords at Lords South Beach, shows how local hotels have embraced the week surrounding Art Basel Miami Beach as more than an opportunity to fill rooms.

Though they do that as well.

George Cozonis, general manager of W South Beach, said many guests have been staying at the hotel for Art Basel week since it opened in 2009.

“And they know what their favorite room is and they have gotten to know the staff, so one of the things they do before they leave is say, ‘I’d like to get the same room for next year,’ ” he said. “Many of our bookings happen during or right after [Art Basel]. By July, everything is booked.”

By midweek, only a few rooms remained for Saturday night with weeknights sold out at rates that started at $1,209 and topped out at $9,500 a night.

Hotels countywide are reporting about 90 percent occupancy, according to a preliminary survey by the Greater Miami Convention & Visitors Bureau. That’s a slight increase from last year’s 89 percent occupancy.

Nicholas Christopher, president and owner of official Art Basel travel agency Turon Travel, said rates in general are slightly higher than last year. He said most of the visitors are booked through Friday or Saturday, so some availability (and lower prices) could return by the weekend.

The hotels getting the most buzz are recently relaunched properties such as the SLS and James Royal Palm, he said. Both properties say they are sold out, with average rates over $1,000 a night at SLS and rooms going for $700-$3,500 at the James Royal Palm, which opened in early November.

The 87-room Gale South Beach & Regent Hotel cut it even closer, opening Tuesday.

“We knew we were going to be on schedule,” said Jared Galbut, managing principal of Menin Hotels, which also includes the sold-out Shelborne, Sanctuary and Bentley hotels. “We knew we had reservations; we made it clear to the contractor that it’s not an option to not be open.”

Opening-week prices at the hotel range from $500 to $800, Galbut said, about $150 more than what will be normal for the season.

At the other end of the price spectrum, Freehand Miami, an upscale hostel at 2727 Indian Creek Drive that opened this week, is also sold out with prices that start around $50 to $75 a night per person. Andrew Zobler, CEO of Freehand owner Sydell Group, said many guests are members of the press and artists.

“It’s really perfect for something like Basel where there’s so much going on,” he said. “They’re coming down for three days and probably sleeping four hours a night.”

Like many other properties, the hostel is hosting events every night, presenting almost unlimited options for out-of-towners after the art fairs close.

Mandarin Oriental, Miami on Brickell Key debuts an exhibition of contemporary Asian art in the lobby Thursday night. The Gale South Beach is hosting some events that don’t start until midnight.

At Dream South Beach, 1111 Collins Avenue, rock and jazz photography from the Morrison Hotel Gallery will be featured at the hotel, which also hosts events Thursday and Friday.

Brendan McNamara, senior vice president of brand development for Dream Hotels, said it’s important for lifestyle hotels to embrace major happenings like Art Basel and join the creative buzz. He praised the installation at the nearby Lords South Beach as well as a project called “Plane Text,” featuring a plane trailing messages, put on by Delano owner Morgans Hotel Group.

“It’s almost less competitive and it becomes this love fest of art,” he said.

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HOLIDAY LIGHTS

It’s that time of year to decorate your home and tell us how wonderful it looks!

We’re seeking all entries for our annual Holiday Lights showcase. Tell us about your home, your decorations and where you live. Send this information to Lidia at ltzdinkova@gmail.com. by Monday, Dec. 10 or to Joan Chrissos, Holiday Lights, Miami Herald, 1 Herald Plaza, Miami, Fl., 33132. Please include a daytime phone number.

We will feature the homes in Neigbors on Sunday, Dec. 16.

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Pink Girl on Fire Acoustic Performance

With her album tearing up the charts, her singles dominating radio and a looming tour that is destined to sell out instantaneously given the sensational show she always stages, you could say Pink is on fire right now.

VIDEO - Behind the Scenes of Pink's Covergirl Shoot

Actually, you'd have to say that because Pink tackled Alicia Keys' Girl on Fire when she stopped by BBC Radio 1 Live Lounge on December 5.

VIDEO - The Empire State Building Honors Alicia's Fire

And while her live performances and music videos are always eye-catching, focusing solely on Pink's voice reminds you why she's been blazing up the industry since 2000.

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LI man shoots girlfriend in fight over zombies: cops

Police say an argument over the TV show "The Walking Dead" led a man to shoot his girlfriend in the back.

Jared Gurman of Williston Park, on Long Island, was ordered held without bail Tuesday. He is charged with attempted murder.

Police say Gurman fired one shot from a .22 caliber rifle. Officers say the bullet pierced the unidentified woman's lung and diaphragm and shattered her ribs.

Gurman took her to a hospital.

Police said the two were arguing about the show that features zombies in a post-apocalyptic world.

Gurman's attorney tells Newsday the rifle went off accidentally.

Jared Gurman

The attorney, Edward L. Lieberman, declined to comment about specifics of the argument.

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iPad’sdominance limits apps for other tablets

Q. When are companies going to start writing applications for tablet computers other than the iPad? I own a Pandigital tablet, and when I try to download apps, I’m told they’re either for the iPad or iPhone.

LeRoy Hilton,

Oro Valley, Ariz.

You can expect more apps for non-Apple tablet computers when those devices gain more market share. How soon, or if, that will happen is anyone’s guess.

People who write apps are motivated by the revenue they’re likely to get. They can maximize that revenue by focusing on the tablet computer that is owned by the largest number of people.

Right now, the best opportunity for app writers is the iPad, which in the first three months of 2012 accounted for 68 percent of the 17.4 million tablet computers sold worldwide, according to market research firm IDC. The iPad’s chief competitors, in order of market share, are tablets made by Samsung, Amazon, Lenovo and Barnes & Noble. Pandigital is further down the list.Q. I recently bought a Kindle Fire tablet computer, and I’m disappointed that it cannot be read in the sunshine as other Kindle devices can. Is there anything I can do to make the screen more readable outdoors, such as buying an anti-glare screen protector?

Mary Jo Ready,

Shoreview, Minn.

An anti-glare protector won’t help. The issue is that your Kindle Fire’s LCD, or liquid crystal display, screen is lit from inside, but isn’t bright enough to compete with sunlight. Your only outdoor options are to raise the screen brightness and find some shade. A video that explains how to adjust screen brightness can be found on Amazon’s help pages, at http://www.tinyurl.com/7289vlo. Q. My Windows task bar was always at the bottom of my screen, but the other day it went to the top for some reason. How can I get it back to the bottom of the screen?

Kathleen Gignac,

Bartow, Fla.

The task bar can be dragged to a new location using your mouse. Left-click a blank space on the task bar and, while holding down the mouse button, drag the bar to the bottom of the screen.

You can skip this manual process if you are using Windows XP or Windows Vista. Just go to http://www.tinyurl.com/c7qwp8 and click the automatic “fix it” button. That will return the task bar to its default position at the bottom of the screen.

If you have problems with either of these techniques, the task bar may have become “locked” in its current position. There are directions on the same Web page that explain how to “unlock” the tool bar’s location so it can be moved.

Contact Steve Alexander at Tech Q&A, 425 Portland Ave. S., Minneapolis, Minn. 55488-0002; e-mail steve.j.alexander@gmail.com.

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Son of slain Miami Gardens car wash owner: ‘He put his own life before someone else’

When Dameion Peart got the phone call from his uncle, he didn’t believe it. He drove to his father’s Miami Gardens car wash to see for himself. He hoped the news wouldn’t be too bad, or maybe the shooting happened someplace else.

He pulled up, saw flashing lights and police tape, and knew it was true.

His father, Errold Peart, had been trying to protect a customer Sunday afternoon from armed robbers at the car wash he ran at Northwest 191st Street and First Place.

The robbers turned their gun on Peart, killing him.

“He put his own life before someone else,” his son said.

Now, Peart’s family began the unexpected task of planning a memorial. He was five days away from his 60th birthday.

He won’t get to see his daughter, Mishka Peart, 23, graduate from the University of Miami’s medical school.

“It’s just sad,” Dameion Peart said. “It was unnecessary.”

When the community heard of the shooting, they started dropping by the scene. They were the ones who lived nearby, longtime customers and friends, each with their own tale of how his father had helped them through the years.

They talked about the times Peart, 59, didn’t charge for carwashes to people short on money. They told Dameion Peart, 32, how his father would give money to people who needed help paying for water and electricity, never asking for the money back.

They shared stories about people who couldn’t get jobs because they had convictions — until Peart gave them work.

One of the younger employees told him it was Errold Peart who convinced her to go back to school.

“He was a very good, kindhearted person and a good father at the same time,” Dameion Peart said. “The community where his business is located, he really helped them out here.”

Errold Peart hailed from Jamaica, where he played cricket and worked at one point at a school for problem children, his son said. He eventually came to the United States, where he continued to play cricket for the USA national team.

Peart represented the USA in five matches at the 1990 International Cricket Council Trophy in the Netherlands, where the batsman was the team’s leading scorer, ESPN reported. The USA made it through the first round that year before losing in the second, according to ESPN.

At first, Peart worked with an airline, his son said, but later decided to open his own business.

He started the car wash more than a decade ago, his son said. He chose the location because it was near a busy stretch of U.S. 441 and near Florida’s Turnpike, the Palmetto Expressway and Interstate 95.

“It was like a landmark,” Dameion Peart said. “Everyone knew him.”

But Peart worried about safety.

“He didn’t like guns. But every year, around this time, for the past three years he got held up at gunpoint and people tried to rob him,” Dameion Peart said. “The last time they even followed him home.”

So Errold Peart got a concealed weapons permit.

On Sunday afternoon, he noticed a pair of young men trying to rob a customer. Errold Peart went out to try and stop it, his son said, only to be shot himself.

The men ran away, leaving behind the customer and a bleeding Peart.

Miami Gardens Police still were looking for the suspects on Monday.

Anyone with information is asked to call Miami-Dade Crime Stoppers at 305-471-8477.

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