VP Joe Biden sworn in for second term








AFP/Getty Images


Vice President Joe Biden, with his wife Jill Biden, holding the Biden family Bible, shakes hands with Supreme Court Justice Sonia Sotomayor after taking the oath of office at the Naval Observatory.



WASHINGTON — Formally embarking on a second term, Vice President Joe Biden took the oath of office Sunday, surrounded by family and friends in an early morning ceremony that kicked off a day of celebrations marking four more years for the Obama administration.

President Barack Obama was to be sworn in just before noon at the White House, 24 hours before re-enacting the ceremony before an expected crowd of hundreds of thousands gathered at the Capitol and across the National Mall.




Biden, following a private Mass, was sworn in at the Naval Observatory. Justice Sonia Sotomayor, appointed by Obama as the first Hispanic on the Supreme Court, administered the oath of office to Biden, who placed his hand on a Bible his family has used since 1893.

"I will support and defend the Constitution of the United states," Biden said as he recited the oath.

Among the 120 guests on hand to witness the vice president's second swearing-in were Attorney General Eric Holder, departing Interior Secretary Ken Salazar and several Democratic lawmakers.

Sunday's subdued swearing-in ceremonies are a function of the calendar and the Constitution, which says presidents automatically begin their new terms at noon on Jan. 20. Because that date fell this year on a Sunday — a day on which inaugural ceremonies historically are not held — organizers scheduled a second, public swearing-in for Monday.

A crowd of up to 800,000 people is expected to gather on the National Mall to witness that event, which will take place on the Capitol's red, white and blue bunting-draped west front. Supreme Court Chief Justice John Roberts, who famously flubbed the oath of office that Obama took in 2009, was to swear the president in both days.

Once the celebrations are over, Obama will plunge into a second-term agenda still dominated by the economy, which slowly churned out of recession during his first four years in office. The president will also try to cement his legacy with sweeping domestic changes, pledging to achieve both an immigration overhaul and stricter gun laws despite opposition from a divided Congress.

But for one weekend at least, Washington was putting politics aside. Obama called the nation's inaugural traditions "a symbol of how our democracy works and how we peacefully transfer power."

"But it should also be an affirmation that we're all in this together," he said Saturday, as he opened a weekend of inaugural activities at a Washington elementary school.

Only a small group of family members was expected to attend Obama's Sunday swearing-in, including first lady Michelle Obama and daughters Malia and Sasha. A few reporters were to witness the event.

Roberts was to administer the oath of office shortly before noon in the White House Blue Room, an oval space with majestic views of the South Lawn and the Washington Monument.

The room, named for the color of the drapes, upholstery and carpet, primarily has been a reception room as well as the site of the only presidential wedding in the White House, when President Grover Cleveland married Frances Folsum in 1886.

Obama and Biden were also to lay at a wreath at Arlington National Cemetery Sunday morning, then address supporters at an evening reception.

The president planned to save his most expansive remarks for Monday's inaugural address to the crowd gathered on the Mall and millions more watching across the country and the world. Obama started working on the speech in early December and was still tinkering with it into the weekend, aides said.

The president's address will set the stage for the policy objectives he seeks to achieve in his second term, including speeding up the economic recovery, passing comprehensive immigration and gun control measures and ending the war in Afghanistan. Aides said Obama would save the specifics of those agenda items for his Feb. 12 State of the Union address.

The president launched a weekend of inaugural activities Saturday by heading up a National Day of Service. Along with his family, Obama helped hundreds of volunteers spruce up a Washington area elementary school.

Obama wore rubber gloves, picked up a paint brush and helped volunteers stain a bookshelf.

Obama added the service event to the inaugural schedule in 2009 and is hoping it becomes a tradition followed for future presidents.

Mrs. Obama, speaking to volunteers Sunday, espoused the importance of giving back in the midst of the weekend of pomp, circumstance and celebration.

"The reason why we're here, why we're standing here, why we're able to celebrate this weekend is because a lot of people worked hard and supported us, and we've got a job to do and this is a symbol of the kind of work that we need to be doing the next four years," Michelle Obama said at Burrville Elementary.










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Investors await word from Apple




















No company today elicits such devotion and dedication among its customers and shareholders like Apple. The fervor felt by Apple fans for its products, its leaders and its business underscore the company’s technological eco-centric strategy. While that loyalty has made for rich rewards over the long term, it will mean very little to a myopic stock market when Apple reports its latest financial results Wednesday.

When a company so dominates a business like Apple does, it is subject to plenty of rumors, especially when that company, like Apple, is disciplined to not respond to speculation. There have been a series of anonymous and Wall Street analyst worries floated in the past quarter centered on the iPhone 5. First were concerns Apple couldn’t get enough supplies to build the phones fast enough. Then there were hints Apple cut its supply orders, suggesting slower sales.

Apple optimists have been quick to defend the company even as its stock has fallen from $700 to around $500 per share since September. The stock drop has come even as Apple probably sold a record number of iPhones and iPads during the holiday quarter.





No doubt Apple will trumpet its financial prowess on Wednesday. And it should. After all it generates more than $500 million dollars a day. But the short-sighted stock market has been conditioned to expect big numbers. Therein is the challenge for Apple: incubating such devotion without inflating expectations.

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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King’s son brings message to South Florida




















The past few days have kept the eldest son of Dr. Martin Luther King Jr. busy. He’s been to at least three states to carry on his father’s message: ending violence and learning from historical wrongs.

In a Fort Lauderdale Baptist church early Friday, he delivered another directive:

“A nation is judged on how we treat our most prized possession,” Martin Luther King III said. “And our most precious resource, I think, is our children.”





King served as the keynote speaker at the ninth annual Martin Luther King Jr. inspirational breakfast hosted by the YMCA of Broward County.

More than 500 gathered inside the First Baptist Church on Broward Boulevard, selling out the $2,500 per table event, to honor King’s legacy.

“My concern was that it would not be reduced to a day of relaxation,” said King III. “We have to look at this as a day on — not a day off.”

The Rev. King, a prominent civil rights leader, was born this week 84 years ago. He lead peaceful protests and bus strikes working for racial equality until his 1968 assassination.

The younger King told the South Florida audience about spending his youth at the local YMCA in Birmingham, learning to swim and working out with his dad.

“Those were wonderful experiences, experiences that I will never forget,” he said.

Like his father, King III has been a fighter for human rights, justice and non-violence in the United States and abroad. He also served as the Southern Christian Leadership Conference’s president, a position his father once held.

During his 2009 inauguration, President Barack Obama declared the holiday honoring King should be spent as a national day of service.

At Friday’s event, 15 youngsters from the Lauderhill YMCA were honored for their service to the community. The young friends managed to clean up a popular overpass and get rid of gangs who were harassing children.

They called their project “Own the Overpath.” The idea started when 14-year-old Kervens Jean-Louis was attacked by a gang on a fenced in walkway that spans the Florida Turnpike while coming from the YMCA, based at Boyd Anderson High School. But Jean-Louis didn’t back down.

He and other students mobilized and launched a campaign to clean-up the area surrounding the “overpath.” The youngsters made a formal presentation to the Lauderhill City Commission and Florida Department of Transportation officials.

Now, there is a $400,000 project in the works to install more lights on the bridge to increase visibility. The city broke ground in November.

“I learned that when you speak out loud it makes a difference,” said Jean-Louis.

For Jean-Louis, speaking loud meant going back to the bridge to warn others of the dangers of traveling across it at night.

He will spend this upcoming Saturday as a volunteer, painting and cleaning up a garden.

“Now I tell others what’s going on and how they can help out,” he said, much like the man they had all come to honor.

After the youngsters were honored, King III left the crowd to ponder a final thought: “We can either be a thermometer or a thermostat.”

A thermometer, he explained, takes the temperature while a thermostat regulates the temperature.

Despite the progress his father saw in his lifetime, and the decades since his death, there is still much work to be done, King III said.

“I always come with a heavy heart in January,” he said. “Because we have not fully realized the dream.”





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Drew Barrymore on Oprah's Next Chapter

Drew Barrymore opens up about her complicated childhood and the lessons she's learned when it comes to being a new mother on Oprah's Next Chapter, and we have a sneak peek!

Pics: Celebs and Their Cute Kids

Marking the first time cameras have ever been allowed inside her home, Drew also talks to Oprah about her new marriage to Will Kopelman, shares details about their newborn baby Olive, and reveals the story behind why her mother did not attend her wedding.

Related: Drew Barrymore's Daughter Olive Lands First Cover

Oprah's Next Chapter with Drew Barrymore airs Sunday at 9 pm ET/PT on OWN.

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Man found dead after fire in abandoned building in Queens








A man was killed in a Queens fire early today, police said.

The blaze erupted about 12:55 a.m. in an abandoned building on 120th Street near Liberty Avenue in Richmond Hill, authorities said.

The unidentified man was found in a detached garage in the back of the building at about 1:30 a.m., after the fire was extinguished.

A police source said homeless people are known to take shelter in the building.

The city medical examiner will determine the cause of death.

Sixty firefighters battled the blaze. Fire marshals are investigating the cause, according to an FDNY spokesman.











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Miami-Dade sees first hiring drop since 2010




















Miami-Dade ended 2012 with its first overall job loss in more than two years as sharp drops in construction, healthcare and government jobs wiped out other gains.

The sectors all share one key funding source — tax dollars — as ongoing squeezes in government budgets force cutbacks in hospitals, infrastructure projects and basic municipal staffing. Miami-Dade lost nearly 5,000 local government jobs in December compared to the year before. Its hospital and construction sectors were both down almost 2,000 jobs each. Miami-Dade last saw its overall payroll number decline in June 2010.

Along with a hiring loss, Miami-Dade reported a sharp increase in people describing themselves as unemployed. Miami-Dade’s unemployment rate went from 8.4 percent in November to 8.8 percent in December, the sharpest increase since the recession was still underway in 2009.





Miami-Dade’s new job numbers were easily the most discouraging data set in Florida’s latest employment report. Florida reported an unemployment rate of 8 percent for December, down from 8.1 percent in November even though hiring is down for the year. And Broward recorded its second month of job gains, up about 5,000 positions.

Construction and government hiring have been rocky for years in South Florida, but the decline in the healthcare could mark a new, disturbing milestone for Miami-Dade’s economy. Before the end of 2012, Miami-Dade hospitals hadn’t reported a net job loss for 56 months. The losses follow significant layoffs at both the University of Miami medical school and the Jackson hospital system.

Miami-Dade’s 8.8 percent unemployment rate is still significantly lower than where it was a year ago, when unemployment sat at 10.2 percent in December 2011. Monthly employment reports also subject to revisions, so the hiring picture could look much better in a month. Still, Miami-Dade’s increase of four-tenths of percentage point in the unemployment rate is the fastest growth since April 2009, two months before the 2007-09 recession officially ended.

Of all the local job markets, only Miami-Dade receives a seasonally adjusted unemployment rate on the same day as the statewide report. The smaller markets’ raw rates aren’t considered as reliable.

Broward’s raw unemployment rate was 6.7 percent in December, down from 7 percent in November.





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Sen. Marco Rubio to swear in Miami-Dade commissioner Rebeca Sosa on Friday




















Miami-Dade Commissioners Rebeca Sosa becomes Miami-Dade commission’s first Hispanic chairwoman when she is sworn in on Friday by U.S. Sen. Marco Rubio.

Also being sworn in is fellow commissioner Lynda Bell, who is now the vice chair. Miami-Dade County Judge Gladys Perez will swear in Bell

The installation ceremony will be at 11:30 a.m. ceremony at the commission chambers at the Stephen Clark Center, 111 NW First St.





First elected in 2001, Sosa represents District 6, which includes areas of Miami, Coral Gables, West Miami, Hialeah and Miami Springs, as well as unincorporated zones.

Sosa’s office explained the Florida Senator is doing the honors at the historic swearing in because the two are long-time friends.

Bell who was elected in 2010 represents District 8, which encompasses a significant area of southeastern Miami-Dade, including the municipalities of Palmetto Bay, Cutler Bay and Homestead with portions of Kendall an the Redlands.

Sosa and Bell won two-year terms in November.

The installation ceremony is open to the public.





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Selena Gomez Talks Justin Bieber to Nylon Magazine

Even before it was splashed across blogs that Selena Gomez and Justin Bieber had split, the Spring Breakers star was already playing coy as to her relationship status. In an interview with NYLON magazine, Gomez offered up her views on this "normal thing" called love.

"I'm having fun," the actress/singer, 20, said when asked about dating by the publication (via London Daily Mail). "At the end of the day, love is such a normal thing, and everyone deals with it. Just because it's a different lifestyle doesn't change the meaning of what I've been raised on, which is fairy tales."


RELATED: 10 More Shocking Celebrity Breakups

There is one relationship that is still going strong for Gomez -- the one with Taylor Swift. "We both experienced the same things at the same time," she said of her bestie. "But we've never once talked about our industry. She just became the person I'd go to for an issue with my family or boyfriend. It's so hard to trust girls, so I'm lucky to have her."


RELATED: Is Swift Writing About Ex Harry Styles?


Who do you think Gomez should date next? Let us know, below.

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New details released from Part II of Oprah's interview with Armstrong as IOC blasts TV confession








@LanceArmstrong via Twitter


Armstrong tweeted this pic of himself over the weekend.



The IOC lashed out at Lance Armstrong one day after his confession to doping aired on TV as Oprah Winfrey released new details from her sit-down with the former cycling star.

Armstrong's doping confession to Winfrey was "too little, too late" and failed to provide any new information that will help clean up the sport he tarnished through years of cheating, the vice president of the IOC said Friday.

Armstrong finally admitted to cheating his way to the top of the cycling world during a bombshell interview with the last night.





THE LYIN’ KING: Lance Armstrong keeps a stiff upper lip during his interview with Oprah Winfrey, which aired last night.

Reuters





THE LYIN’ KING: Lance Armstrong keeps a stiff upper lip during his interview with Oprah Winfrey, which aired last night.





The stone-faced liar answered “yes” four times when Winfrey asked whether he took the drugs he was accused of using.

A day after stripping Armstrong of his bronze medal from the 2000 Sydney Olympics, the IOC urged the disgraced former Tour de France champion to supply details to anti-doping authorities in order to "bring an end to this dark episode."

In an interview with The Associated Press, IOC vice president Thomas Bach said Armstrong's admission to Winfrey that he used performance-enhancing drugs — after years of vehement denials —was not enough.

"If he thinks this interview would help him get credibility back, I think this is too little, too late," said Bach, a German lawyer who leads the IOC's anti-doping investigations. "It's a first step in the right direction, but no more.

"If he really loves his sport and wants to regain at least some credibility, then he should tell the whole truth and cooperate with the relevant sports bodies."

Winfrey tonight will target Armstrong's family's reaction to his doping admission — including how his mother and son were handling the news — as well was the "arrogant" tweet of Armstrong with his jerseys.

"Was it just you being your cocky, arrogant jerk self that did the tweet with you lying with all the jerseys?" Winfrey asks the former cycling star.

The second part of interview will air tonight at 9 on OWN.

Meanwhile, Armstrong's former teammate, Tyler Hamilton, calls the cyclist's confession a "big first step" but says Armstrong must follow it up by telling authorities everything he knows about the doping programs he used to win his Tour de France titles.

Hamilton's testimony was key to the case against Armstrong. He described the doping program on Armstrong's team and the power Armstrong wielded in pressuring teammates to go along with the doping.










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Prices for Miami Beach luxury condos soar to records




















Ultra-luxury condominiums on South Beach are fetching nosebleed prices.

On Tuesday, a penthouse at the Setai Resort at 2001 Collins Avenue closed for $27 million — the highest price ever for a South Florida condominium, according to real estate agents.

“We’re definitely seeing the market turning upward,” said Jeff Miller, of Zilbert International Realty in Miami, who represented the buyer in the sale of the palatial 7,100-square-foot condominium. “We’re seeing buyers come in from all over the globe.”





Just a few weeks ago, Ohio coal mining businessman Wayne Boich Jr. completed the sale of his Icon South Beach penthouse at 450 Alton Road in the uber-trendy South of Fifth neighborhood for just under $21 million.

The 6-bedroom, 7 1/2-bath Icon condo sparked a bidding war that drove the sale $2 million above the listing price — a level that is three times the $7 million Boich paid in July 2007 in the depths of the bust. It was a record price for a Miami Beach bayside condo.

“The luxury market is on fire in South Beach — especially the South of Fifth neighborhood,” said Dora Puig, principal of PuigWerner Real Estate Services, who was the listing broker for the Icon unit. “It’s moving Miami to totally different pricing points.”

The Setai’s record may not reign for long.

Penthouse 2 in the decade-old Continuum South tower at 100 South Pointe Drive in the South of Fifth neighborhood is on the market for $39 million.

That is a record listing price for a Miami-Dade condominium, according to Puig, who also snagged that listing.

Amid the market sizzle, Puig bumped up the asking price late last summer from $35 million.

The penthouse, which has 11,000 square feet of interior space, belongs to Manhattan real estate developer Ian Bruce Eichner, who built the Continuum project at the tip of South Beach and kept the trophy for himself.

The Continuum penthouse, which has 6,000 square feet of deck and a rooftop heated pool, boasts sweeping 13 1/2-foot ceilings that give the feel of a single-family home. The floor-to-ceiling glass walls offer a 360-degree view of the Atlantic Ocean, Biscayne Bay, downtown Miami and Miami Beach from 40 stories up.

“It looks down on Fisher Island, way down,” Puig said with a smile.

The unit has a private interior elevator, of course, and stretches over two indoor levels and two largely exterior levels.

One big plus: It has a gated entrance and sits on an expansive enclave of rolling lawns and gardens adjacent to a city park at the tip of the island.

The unit comes with an additional 874-square-foot guest quarters that would delight most mortals. “The guest unit is intended for professional quarters: the maid, the nanny, the chef, the pilot,” Puig explained.

Also included is a snazzy cabana on the beach.

Eichner has used it as a vacation home and once rented it to Tom Cruise for a couple of months while he was in Miami to film Rock of Ages.

On Thursday, Puig hosted Miami’s power brokers for a look at the Continuum penthouse over champagne and hors d’oeuvres. Next week, she plans to spend three days in New York touting the property to high-end brokers.

Such palatial properties typically are paid for in cash. But what would a monthly payment be?

With a 20 percent down payment of $7.8 million, the buyer would have to finance $31.2 million.

“I don’t know that I’d be able to find anybody willing to go that high on one unit,” warned Steve Schneider, a mortgage broker who is owner and president of Abacus Lending Group in South Miami.

If a buyer could line up a 15-year fixed rate mortgage at 3.5 percent, the monthly payment for principal and interest would be $223,043.35.

“I’d hate to see the tax bill,” said Schneider.

According to Miami-Dade County Property Appraiser records, the 2012 property tax bill on the Continuum penthouse was $264,896.17. That was based on an assessed value of just $9.5 million, less than half what the Property Appraiser listed as the market value of $19.3 million. The tax break came as a result of the state law that caps increases in assessed values on non-homesteaded property at 10 percent a year.

The condo maintenance fee for Eichner’s unit runs $7,624 a month. “I think that’s low for what you get,” said Puig.





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