Record Powerball jackpot boosted to $500M








EPA



DES MOINES, Iowa — Get your ticket!

The record Powerball jackpot is now even bigger.

Powerball officials say they've boosted the jackpot for Wednesday's drawing to $500 million from the previously posted $425 million. Huge ticket sales nationally are pushing the payout higher.

A single winner choosing the cash payout will take home $327 million before taxes.

Record jackpots encourage players who usually sit on the sidelines to play and group purchases from work pools increase.

The jackpot is the largest ever for the Powerball game and the second largest lottery jackpot of all time, eclipsed only by the $656 million Mega Millions record set in March.











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Case-Shiller: Miami, U.S. home prices up again




















The good news keeps coming for housing.

Miami area home prices rose 7.4 percent in September from a year earlier, according to the S&P/Case-Shiller Home Price Indices.

Home prices in Miami inched up 0.1 percent in September from August, the report, issued by S&P Dow Jones Indices, said. Seasonally adjusted, Miami posted a 0.3 percent gain in home prices in September from August.





Miami, which was among the hardest hit areas in the nation in the housing downturn, has shown price increases for 11 consecutive months, while nationally prices have been on a six-month streak of increases.

The national index showed a 3.6 percent gain in home prices for the third quarter compared with a year earlier.

Seventeen of 20 Metropolitan Statistical Areas, or MSAs, and both the 10-city composite and 20-city composite issued by S&P/Case-Shiller showed higher prices.

The report said Phoenix continues to be the top performer, with a 20.4 percent annual increase in home prices. Atlanta broke a 26-month streak of annual price declines, posting a 0.1 percent annual increase in home prices September, according to the Case-Shiller data.

Case-Shiller indexes are designed to show the price change of typical single-family homes in an area and nationally. Each index tracks matched price pairs for thousands of homes.





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Lawyers offer opening statements in Rilya Wilson murder case




















A Miami woman “snuffed the life” out of foster child Rilya Wilson, then concocted a web of lies to cover up the murder, a prosecutor told jurors Monday.

The caretaker, Geralyn Graham, hated Rilya so much that she kept the girl restrained with “flex cuffs” and in a dog cage, prosecutor Joshua Weintraub told jurors during his opening statement.

“She thought, after eight months, that the child had demons and was evil,” Weintraub told jurors. “She referred to her as “it” because she didn’t want to wear an angel outfit at Halloween. She wanted to wear a Cleopatra mask.”





Monday marked the muchn-anticipated first day of trial for Graham, 66, who is charged with first-degree murder, kidnapping and aggravated child abuse.

Rilya’s disappearance — her body has never been found — sparked massive upheaval and reform at the Department of Children & Families in 2002, leading to a series of unbridled public hearings, a scathing report, legislative changes and a Miami visit by then-Gov. Jeb Bush.

Rilya was born to a crack-addicted mother, and by 2000, was living with Graham and her domestic partner, Pamela Graham, under DCF supervision.

The agency did not realize the girl had disappeared until April 2002, more than one year after she was last seen. The reason: Her case worker, whose job was to check on the girl regularly, had not bothered to do so — and instead falsified numerous reports.

According to prosecutors, Graham forced her lover, Pamela, to lie about Rilya’s whereabouts. Graham told investigators that a DCF employee whisked Rilya away for mental health treatment.

And Graham later admitted to jailhouse inmate that she smothered the child with a pillow case. The inmate, Robin Lunceford, came forward because she was outraged about the death of an “innocent child,” Weintraub said.

But without Rilya’s body, prosecutors can’t even prove the girl is dead, defense attorney Scott Sakin told jurors. “She could be at the Dadeland Mall shopping ... or in school in the Bahamas,” Sakin said.

Sakin shifted the blamed to the state’s child welfare agency, saying “Rilya was abandoned by DCF shortly after she was born” and heaped scorn on Lunceford, who had her life prison sentence busted down to 10 years.

“She’s a professional snitch. She’s a rat,” Sakin said.





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Joe Manganiello on 'How I Met Your Mother'

Now enjoying the skyrocketing success of True Blood and his recent film Magic Mike, Joe Manganiello now revisits the recurring role on How I Met Your Mother that enabled him to achieve that success.

"It's awesome," Manganiello told ET's special correspondent Melissa Peterman of returning to the show. "I missed everybody. You see everybody out and about over the years...but it was just really fun to get back in. It really feels like--other than the beard and long hair--like I never left."


VIDEO: Sneak Peek: Joe Manganiello Returns to 'HIMYM'

Manganiello ("Brad") originally appeared on the show as a fellow lawyer friend to Jason Segel's character, "Marshall," in Season 2. The now blooming star's character is now at odds with his former best friend over a court case in Season 8, and he attempts to use his good looks to sway the female jury.

"[Marshall's] got to dig deep...He's got to fight hard," he said of Marshall's response to Brad's tactics. "He uses some really unorthodox tactics to battle Brad as well and it just escalates."

Manganiello's character not only gives his old buddy Marshall a hard time in the upcoming episode but also inadvertently riles Neil Patrick Harris' character, "Barney," by challenging his dominance in attracting women.


VIDEO: Joe Manganiello Spills 'True Blood' Secrets

"It's competitive," Harris said of the altered dynamic on set with Manganiello present. "I'll tell you what, [there's] a lot of swooning [in] his direction....Everyone [gasps] every time he walks by."

Barney isn't the only one who is affected by Brad's swooning ways, as Alyson Hannigan's character, "Lilly," Marshall's wife, is also persuaded by his good looks and seductive tactics, to the extent that she turns against her husband.

"I was rooting for my husband until the pen incident," Hannigan said of her character's courtroom experience with Brad, "and he drops his pen and bends over, and now I'm easily swayed."


VIDEO: Wedding Jitters on 'How I Met Your Mother'

Check out Manganiello on How I Met Your Mother tonight (Nov. 26) at 8 p.m. on CBS.

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R Train service between Manhattan and Brooklyn could return in a week or two








The R train - which has been operating severely curtailed service since Sandy - could begin running between Manhattan and Brooklyn in a week or two, officials said.

"Obviously we're trying to get it back sooner rather than later," said Thomas Prendergast, president of New York City Transit.

Its especially important to connect the the two boroughs because the nearby 4/5 trains are becoming overcrowded due to the outages, he said.

"The 4 and 5 are getting hammered," he said.

The J/Z train service to Fulton St and Broad should also be restored in that time frame, he said.



However it will be "months" before the 1 train South Ferry stop is brought back, he said. That station was completely flooded in the storm and lost a lot of equipment to salt water damage.










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Shifting tides of Panama real estate echo Miami trends




















PANAMA CITY, Panama — As a real estate agent shows off a model apartment — white leather sectional, stainless steel appliances, open concept, ocean views — in the 59-story Yacht Club Tower, and touts its fitness center and pool deck designed to mimic a ship floating on the sea, he makes a telling statement:

“We tried to emulate the Miami style in this building.”

Approaching this Central American capital from the air, the first thing a traveler notices is a skyline on steroids — gleaming towers jutting skyward like so many pickets on a fence. There’s even a Trump high-rise here — the sail-shaped 72-story Trump Ocean Club International Hotel & Tower. And it’s not uncommon for those active in Miami real estate and development circles to try their luck in Panama or move back and forth between the markets.





Although Miami is nearly 1,200 miles from Panama City, the real estate markets of the two cities share certain similarities. Both went through booms and overbuilding and then had way too many empty condominiums. Wealthy Latin American buyers were a salvation in both cities when traditional segments of the market fell off.

“Now that things are starting to pick up in the States, they are picking up here too. Now that there’s not as much economic uncertainty in the United States, people feel more confident about Panama too,’’ said Morris Hafeitz, general manger of Emporium Developers. He used to work in Miami as a project manager for Odebrecht, the Brazilian conglomerate.

Now Hafeitz is trying to sell Allure at the Park, a 50-story building Emporium developed in Panama City’s Bella Vista neighborhood. The building is chock full of amenities — gym, teenage game room, adult lounge, toddler playroom, pool, squash court and even miniature golf on the roof — but one of its main selling points is that it overlooks a park and two low-rise historic buildings. “In the heart of the city without the hassles of the city,’’ said Hafeitz.

During the boom, many buildings in central Panama City went up practically on top of each other. “In the beginning of the boom there were no regulations on density,’’ said Mauricio Saba, a project manager at Zoom Development in Panama City and another Miami real estate alum. “I have a friend who said he could watch his neighbor’s TV from his balcony.’’

Margarita Sanclemente, a Miami real estate broker with offices in Panama City and New York, has seen it all — the boom, the irrational building and the slowdown — and has stuck with the Panamanian market.

She first ventured into Panama in 2005. The Panamanian real estate market, which had been sluggish for more than a decade, was undergoing a rebirth and Americans, lured by low prices and the low cost of living, were snapping up properties.

The sweet spot was the 1,000 to 1,500-square-foot apartment, sans maid’s quarters, which appealed to retirees from Canada and the United States, she said.

That was back when Americans still believed you couldn’t go wrong with real estate. “Some of the buyers didn’t even see the units. We sold them by phone,’’ Sanclemente said. Condo prices at new buildings such as Destiny averaged $98 to $120 per square foot. She herself bought a 1,000 square foot, one bedroom condo for $123,000 back in 2005.





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South Florida responders returning home from Sandy recovery work




















A group of South Florida medical responders are returning home Sunday and Monday after spending two weeks assisting with Hurricane Sandy recovery in New York.

The team of doctors, nurses, pharmacists, paramedics and mental health experts are expected to arrive at local airports.

While in New York, the medical responders staffed a field hospital in Long Beach providing first aid, triage and medical care.





The team is part of the National Disaster Medical System, a federal network that provides assistance in case of a natural disasters or other catastrophes, where area medical facilities are stretched to their limits.

The team that assisted in Sandy recovery is comprised of medical professionals from Broward and Palm Beach counties.

They represent personnel from Broward Sheriff Fire Rescue, Coral Springs Fire Rescue, Pembroke Pines Fire Rescue, Hallandale Beach Fire Rescue, Davie Fire Rescue, Boca Raton Fire Rescue and Palm Beach County fire rescue departments.

The medical personnel on the team are from Broward Health, Memorial Healthcare System, Boca Raton Regional Medical Center, West Boca Medical Center and Palms West Hospital.





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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 told 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."

"Friday I lost one of the greatest friends ever to grace my life. The loneliness is only what is difficult, as Larry's peace and comfort is always what is important to me, now as when he was here," Duffy said in a statement. "He was a fighter in the gentlest way, against his obstacles and for his friends. I wear his friendship with honor."

Victoria Principal, who played Pamela Barnes Ewing, added, "Larry was bigger than life ... on screen and off. He is unforgettable, and irreplaceable, to millions of fans around the world, and in the hearts of each of us, who was lucky enough to know and love him. Look out God ... Larry's leading the parade."

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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The week's winners and losers








WINNERS

MARIANNE LAKE

Tapped by Jamie Dimon as JPMorgan CFO on departure of Doug Braunstein.

JEFF BEWKES

Time Warner announces CEO's contract has been extended through 2017.

THOMAS RABE

Bertelsmann CEO close to reeling in mystery partner for BMG Rights music biz, replacing KKR.

LOSERS

STEVE COHEN

SAC chief implicated in Preet Bharara's $276M insider-trading case vs. Mathew Martoma.

MEG WHITMAN

Hewlett-Packard CEO takes $8.8B write-down on disastrous Autonomy purchase.

HOSTESS EMPLOYEES

18,500 join jobless rolls as owners of the iconic 82-year-old bakery liquidate assets.











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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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