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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Thank You to the OpenStack Members Who Voted in the Individual Director Election

HP Cloud Services would like to thank all of the OpenStack® Foundation member/electors who participated in the recent Individual Director election.

The OpenStack Foundation regularly conducts elections for Individual Directors of the Foundation’s Board.  This process is very important for the legitimacy of the Foundation and for the health of the project. These directors represent the voices and interests of the developers and contributors to the OpenStack project as a whole, and of the operators of OpenStack-based clouds. Read more about Thank You to the OpenStack Members Who Voted in the Individual Director Election »

Linux/Open Source News Headlines – Yahoo! News

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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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Arrest made in death of Amityville boy, 4

Frank Eltman

Police investigate the death of an Amityville child's death.

AMITYVILLE — An arrest has been made in the slaying of a 4-year-old boy found alone inside a Long Island apartment after an anonymous 911 call, police said Saturday.

Jonathan Thompson, 31, was charged with second-degree murder in the death of Adonis Reed, Suffolk County police said in a news release.

Adonis was found unconscious on a couch in an apartment in a private house on a quiet Amityville street on Wednesday afternoon. He was pronounced dead at a hospital, and his death was classified as a homicide. Detectives said he showed signs of being assaulted.

Suffolk County police Lt. Jack Fitzpatrick told reporters Wednesday night that Adonis was "a victim of violence."

Thompson's home address is the same as the residence where the boy was found. He was arrested in Brooklyn with the help of the U.S. Marshals Service.

Thompson was in custody Saturday and not immediately available for comment. He is scheduled to be arraigned later in the day.

Neighbor Eric Erath told reporters on Thursday that he used to see the little boy and his 6-year-old sister occasionally playing around the house, but he couldn't recall the last time. "Every time I used to see them, they were both very cheerful," said Erath, who lives next door.

He said he never saw any signs of abuse. "I do not believe anything like that happened," he said.

The boy's sister was in the custody of county child welfare officials, police said. It wasn't clear if the children lived at the apartment.

The apartment house where the boy's body was found is in a middle-class neighborhood with a hodgepodge of old and new architecture. The apartment is in a two-story Victorian-style house with yellow shingles.

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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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Mo. lawmaker wants tax on violent video games

JEFFERSON CITY, Mo. (AP) — A Republican lawmaker from rural Missouri bucked her party’s anti-tax bent on Tuesday and called for a sales tax on violent video games in response to a deadly Connecticut school shooting.

Rep. Diane Franklin, of Camdenton, said the proposed 1 percent sales tax would help pay for mental health programs and law enforcement measures aimed at preventing mass shootings. The tax would be levied on video games rated “teen,” ”mature” and “adult-only” by the Entertainment Software Rating Board, the organization in charge of rating video games.

The rating board classifies games as “teen” if they contain violence, suggestive themes and crude humor. The popular music game “Guitar Hero” has a teen rating and would be taxed under Franklin’s plan. Another popular title, “Call of Duty,” has a mature rating and also would be subject to the sales tax. “Mature” games are deemed suitable for people 17 and older and may contain intense violence and gore.

“History shows there is a mental health component to these shootings,” Franklin said, referring to the Sandy Hook Elementary School shooting that killed 20 students and six adults in Newtown, Conn., and the Aurora, Colo., movie theater shooting that left 14 dead.

Franklin’s plan is the latest in a string of measures proposed in response to recent mass shootings. Another Missouri Republican has filed a measure that would allow teachers to carry guns in the classroom. On the national level, Vice President Joe Biden is leading an effort to reduce gun violence and is expected to reveal recommendations Wednesday that include steps to improve school safety and mental health care, as well as address violence in entertainment and video games.

Franklin’s proposal already faces opposition from the Entertainment Software Association, which represents companies that publish computer and video games.

“Taxing First Amendment protected speech based on its content is not only wrong, but will end up costing Missouri taxpayers,” the association said in a written statement.

Tax increases typically are a hard sell in Missouri. This past November, voters rejected a proposed tobacco tax increase for the third time in a decade, choosing instead to leave the state’s cigarette tax at the lowest level in the nation. Republican legislative leaders and Democratic Gov. Jay Nixon both have taken stands against tax increases.

Other proposals to tax violent video games failed in Oklahoma in 2012 and New Mexico in 2008. In Oklahoma, Republican state Rep. William Fourkiller had proposed a violent video games tax to combat childhood obesity and school bullying, but his plan failed to make it out of a committee.

Other non-tax efforts to curb the effect of violent video games also have fallen short. U.S. Sen. Jay Rockefeller, D-W. Va., put forward a measure last year for the study of the impact of violent video games on children, but it failed. A California law banning the sale of violent games to minors was struck down by the U.S. Supreme Court in 2011.

The Entertainment Merchant’s Association sent a letter to Biden last week urging him to look elsewhere when it comes to his plans on gun violence.

“Make no mistake: blaming movies and video games is an attempt to distract the attention of the public and the media from meaningful action that will keep our children safer,” wrote the merchant’s association, a lobbying group for the home entertainment industry.

Others, however, have criticized the video game industry and its role in mass shootings.

“There exists in this country a callous, corrupt and corrupting shadow industry that sells, and sows, violence against its own people,” National Rifle Association Executive Vice President Wayne LaPierre said at a December news conference.

Franklin said she hopes her bill will “start a discussion” on the relationship between violent games and mental illness. Franklin, who has a granddaughter in kindergarten, added she is concerned about the safety of schools and universities in the state.

In 2008, there were 298 million video games sold in the U.S., generating $ 11.7 billion in revenue. Six of the 10 best-selling games included violence, and four carried a “mature” rating.

Franklin’s bill was formally introduced Monday and must be referred and approved by a committee before being considered on the House floor.

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Catfish Creator Talks Manti Teo and Kekua

The story of Notre Dame All-American linebacker Manti Te'o, and the hoax he reportedly perpetuated, has captivated both sports-lovers and novices alike. In short, Te'o had started an online relationship with a woman who used the phony name Lennay Kekua, and fooled the athlete into believing she died of leukemia in September. Te'o was vocal about Kekua's battle, further endearing him to the Football nation.

RELATED - 2012's Most Amazing Couples

But on Wednesday, Te'o's story was exposed as a lie in the press, 10 days after he reportedly learned of the hoax himself. The rub is that, despite learning that Kekua was a fraud on December 6, he continued to talk about her battle with leukemia in interviews on December 8 and again in a newspaper interview published Dec. 10, according to The Huffington Post.

Putting aside Te'o's potential perpetuation of this hoax for personal gain (some have posited he did so to further endear himself to Heisman Trophy judges), this phenomenon is not only becoming increasingly more commonplace, but it's a full-fledged TV phenomenon thanks to MTV's Catfish, based on the 2010 documentary.

RELATED - ETonline's Interview with Catfish Creators

Nev Schulman, the original "Catfish," Tweeted on January 16, "I am working on finding out more about this @MTeo_5 #Catfish story. I have been in contact with the woman involved and will get the truth." He later Tweeted at Manti, saying, "I know how you feel. It happened 2 me. I want 2 help tell ur story & prevent this from happening to others in the future. Lets talk."

Nev's brother, and Catfish co-producer, Ariel Schulman appeared on Good Morning America minutes ago and revealed that while Manti hasn't returned their interview requests, they have learned quite a bit about what happened behind the scenes.

RELATED - Biggest Celeb Scandals, Ever

"[Nev and Catfish co-host Max Joseph have] uncovered a few people who were duped by the fake Kekua character," Ariel told George Stephanopoulos. "It's bigger than Manti, there were other people she was corresponding with."

When asked why Te'o would carry on a relationship with someone he'd never met, Schulman explained, "I think when you want something bad enough, in his case, a connection, you'll ignore the red flags. My gut is that there's a lonely person behind it all who didn't expect it to go this far. My guess is there was no malicious intent and it was just two people looking for love."

For more on MTV's Catfish, click here!

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Japan probe suspects excess voltage in Boeing 787 battery

TOKYO — The burned insides of a battery in the Boeing 787 at the center of a worldwide grounding of the aircraft indicate it operated at a voltage above its design limit, a Japanese investigator said Friday, as US officials joined Japan's probe into the incident.

The All Nippon Airways plane made an emergency landing Wednesday morning in western Japan after its pilots smelled something burning and received a cockpit warning of battery problems. Nearly all 50 of the 787s in use around the world have since been grounded.

Photos provided by the Japan Transport Safety Board of the lithium ion battery that was located beneath the 787's cockpit show a blackened mass of wires and other components within a distorted blue casing.

AP

The distorted main lithium-ion battery of the All Nippon Airways' Boeing 787, which made an emergency landing on Wednesday at Takamatsu airport in Japan.

Japan transport ministry investigator Hideyo Kosugi said the state of the battery indicated "voltage exceeding the design limit was applied" to it.

He said the similarity of the burned insides of the battery from the ANA flight to the battery in a Japan Airlines 787 that caught fire Jan. 7 while the jet was parked at Boston's Logan International Airport suggested a common cause.

"If we compare data from the latest case here and that in the U.S., we can pretty much figure out what happened," Kosugi said.

The 787 relies more than any other modern airliner on electrical signals to help power nearly everything the plane does. It's also the first Boeing plane to use rechargeable lithium-ion batteries for its main electrical system. Such batteries are prone to overheating and have additional safeguards installed that are meant to control the problem and prevent fires.

GS Yuasa Corp., the maker of the lithium-ion batteries used in the 787s, said Thursday it was helping with the investigation but that the cause of the problem was unclear. It said the problem could be the battery, the power source or the electronics system.

U.S. safety officials and Boeing inspectors joined the Japan Transport Safety Board investigation Friday.

The American investigators — one each from the Federal Aviation Administration and the National Transportation Safety Board and two from Boeing Co. — inspected the ANA jet on the tarmac at Takamatsu airport in western Japan.

An initial inspection by Japanese officials of the 787 found that a flammable battery fluid known as electrolyte had leaked from the plane's main lithium-ion battery beneath the cockpit. It also found burn marks around the battery.

Aviation authorities in Japan have directed ANA, which owns 17 of the planes, and Japan Airlines, with seven, not to fly the jets until questions over their safety have been resolved.

The 787, known as the Dreamliner, is Boeing's newest jet, and the company is counting heavily on its success. Since its launch after delays of more than three years, the plane has been plagued by a series of problems.

The FAA has required U.S. carriers to stop flying 787s until the batteries are demonstrated to be safe. United Airlines has six of the jets and is the only U.S. carrier flying the model.

Aviation authorities in other countries usually follow the lead of the country where the manufacturer is based.

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