61 dead, many teenagers, in Ivory Coast NYE stampede

ABIDJAN, Ivory Coast — At least 61 people were killed early Tuesday in a stampede following a New Year's fireworks display in Abidjan, Ivory Coast's commercial center, said officials.

The death toll is expected to rise, according to rescue workers.

The majority of those killed were young people between eight and 15 years old who were trampled after the fireworks festivities in Abidjan's Plateau district, at about 1 a.m. Tuesday, said Col. Issa Sako, of the fire department rescue team.

Thousands gathered at the Felix Houphouet Boigny Stadium to see the fireworks and after the display the crowds moved out onto the Boulevard de la Republic by the Hotel Tiama, said Sako, on Ivory Coast state television.

AP

An Ivory Coast trooper stands next to the belongings of people involved in a deadly stampede in Abidjan, Ivory Coast.

"The flood of people leaving the stadium became a stampede which led to the deaths of more than 60 and injured more than 200," said Sako.

President Alassane Ouattara has visited some of the wounded in hospital and he pledged that his government would pay for the costs of their medical treatment, according to the president's office.

Ouattara's government organized the fireworks to celebrate Ivory Coast's peace, after several months of political violence in early 2011 following disputed elections. It was the second year that Abidjan had a New Year's fireworks display.

Desperate parents went to the city morgue, the hospital and to the stadium to try to find children who are still missing.

Mamadou Sanogo was searching for his nine-year-old son, Sayed.

"I have just seen all the bodies, but I cannot find my son," said a tearful Sanogo. "I don't know what to do."

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Housing, jobs key to lifting S&P toward record

NEW YORK --
With it appearing that Washington lawmakers are working their way past the “fiscal cliff,” many analysts say that the outlook for stocks in 2013 is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.

Reasonable returns in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached in October 2007.

A mid-year rally in 2012 pushed stocks to their highest in more than four years. Both the Standard & Poor’s 500 and the Dow Jones industrial average posted strong gains in 2012. Those advances came despite uncertainty about the outcome of the presidential election and bouts of turmoil from Europe, where policy makers finally appear to be getting a grip on the region’s debt crisis.

“As you remove little bits of uncertainty, investors can then once again return to focusing on the fundamentals,” says Joseph Tanious, a global market strategist at J.P. Morgan Funds. “Corporate America is actually doing quite well.”

Although earnings growth of S&P 500 listed companies dipped as low as 0.8 percent in the summer, analysts are predicting that it will rebound to average 9.5 percent for 2013, according to data from S&P Capital IQ. Companies have also been hoarding cash. The amount of cash and cash-equivalents being held by companies listed in the S&P 500 climbed to an all-time high $1 trillion at the end of September, 65 percent more than five years ago, according to S&P Dow Jones Indices.

Assuming a budget deal is reached in a reasonable amount of time, investors will be more comfortable owning stocks in 2013, allowing valuations to rise, says Tanious.

Stocks in the S&P 500 index are currently trading on a price-to-earnings multiple of about 13.5, compared with the average of 17.9 since 1988, according to S&P Capital IQ data. The ratio rises when investors are willing to pay more for a stock’s future earnings potential.

The stock market will also likely face less drag from the European debt crisis this year, said Steven Bulko, the chief investment officer at Lombard Odier Investment Managers. While policy makers in Europe have yet to come up with a comprehensive solution to the region’s woes, they appear to have a better handle on the region’s problems than they have for quite some time.

Stocks fell in the second quarter of 2012 as investors fretted that the euro region’s government debt crisis was about to engulf Spain and possibly Italy, increasing the chances of a dramatic slowdown in global economic growth.

“There is still some heavy lifting that needs to be done in Europe,” said Bulko. Now, though, “we are dealing with much more manageable risk than we have had in the past few years.”

Next year may also see an increase in mergers and acquisitions as companies seeks to make use of the cash on their balance sheets, says Jarred Kessler, global head of equities at broker Cantor Fitzgerald.

While the number of M&A deals has gradually crept higher in the past four years, the dollar value of the deals remains well short of the total reached five years ago. U.S. targeted acquisitions totaled $964 billion through Dec. 27, according to data tracking firm Dealogic. That’s slightly down from last year’s total of $1 trillion and about 40 percent lower than in 2007, when deals worth $1.6 trillion were struck.

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What’s open and closed in South Florida on New Year’s Day

Tuesday is the first day of the new year. Here is a list of what’s closed for the day.

Federal offices: Closed.

State offices: Closed.

Miami-Dade, Broward county offices: Closed.

Miami-Dade and Broward courts: Closed.

Public schools: Closed.

Post offices: Closed.

Stock markets: Closed.

Banks: Closed.

Tri-Rail: Will run on a weekend schedule.

Miami-Dade and Broward transit: Will run on a Sunday schedule.

Garbage collection: Regular service in most cities and unincorporated areas.

Malls: Open.

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Billie Joe Armstrong Reveals Green Day Tour Post-Rehab

After entering rehab in September, Green Day frontman Billie Joe Armstrong thanked his fans for their support and revealed some exciting news on Sunday, Dec. 30.

The musician wrote on Instagram that he was grateful "for all the love [and] support you've showed for the past few months."

"Believe me, it hasn't gone unnoticed and I'm eternally grateful to have such an amazing set of friends and family. I'm getting better every day."

Armstrong, 40, added, "So now, without further ado, the show must go on. We can't wait to get on the road and live out loud! Our passion has only grown stronger. ... Green day tour in March."

The singer entered rehab two days after an on-stage rant at the iHeartRadio Music Festival in September.

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Funeral under way for upstate NY firefighter killed in gunman's ambush

WEBSTER — Funeral services are under way for a 19-year-old volunteer firefighter slain during a Christmas Eve ambush in a Rochester suburb.

Hundreds of mourners, many of them uniformed firefighters, have filled St. Stanislaus Church in Rochester for the funeral of Tomasz Kaczowka. Kaczowka's flag-draped casket arrived atop a fire truck and was carried in to the church shortly before 10:30 a.m. Monday, proceeded by a procession of bagpipers and drummers.

The service comes a day after the funeral of fellow firefighter Michael Chiapperini.

Both men were shot dead by William Spengler in the pre-dawn of Christmas Eve. Spengler lured first responders into a deadly trap by setting fire to his house on the shore of Lake Ontario in Webster and lying in wait with an arsenal. Spengler committed suicide.

Tomasz Kaczowka

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Tribune to leave bankruptcy after 4 years

CHICAGO --
Tribune Co., which owns the South Florida Sun-Sentinel, announced it is emerging after more than four years of bankruptcy.

Tribune said late Sunday the reorganized media company begins Monday with new ownership – the senior creditors – and a new board of directors: Bruce Karsh, Ken Liang, Peter Murphy, Ross Levinsohn, Craig A. Jacobson, Peter Liguori, and Eddy Hartenstein.

“Tribune will emerge from the bankruptcy process as a multimedia company with a great mix of profitable assets, strong brands in major markets and a much-improved capital structure,” said Hartenstein, Tribune’s chief executive officer.

Senior creditors Oaktree Capital Management, Angelo, Gordon & Co. and JPMorgan Chase & Co. will control the new company. The Chicago Tribune reported late Sunday that Liguori, a former TV executive at Discovery and Fox, is expected to be named chief executive of the reorganized Tribune Co.

Tribune, which was founded in 1847, publishes some of the best-known newspapers in the U.S., including the Los Angeles Times, The Baltimore Sun and the Chicago Tribune. It also owns WGN in Chicago and 22 other television stations, as well as the WGN radio station. The Tribune’s report Sunday said that the new owners expect to sell all of the company’s assets.

Tribune Co. sought bankruptcy protection in 2008, less than a year after billionaire developer Sam Zell led an $8 billion leveraged buyout that left the company with $13 billion in debt.

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Manhunt continues for Miami man suspected of killing ex-girlfriend

Miami police detectives on Sunday were still looking for the man suspected of killing his ex-girlfriend outside a Little Havana drugstore Friday afternoon.

Investigators said Ifrain Quintana is armed and extremely dangerous. Quintana is believed to be driving a 2001 Blue Ford Explorer with a Florida tag.

Quintana is wanted for questioning in the daylight shooting of Ariadna Gonzalez Campa, 42.

Police said Quintana confronted Gonzalez on Friday afternoon along Southwest Fifth Street and Eighth Avenue, taunted her then shot her multiple times in front of La Milagrosa drugstore.

Among those urging him to turn himself in is his mother, Katileydi Quintana, who on Saturday made an emotional plea on Miami Herald’s newspaper CBS4 for him to come forward.

“Turn yourself in,” she told him over the phone. “Call me.”

He said Quintana acted out of jealousy and Quintana’s mother agreed.

“You did it out for love. For love...” Katileydi Quintana said.

Quintana said her son needs psychiatric help.

Gonzalez’s 19-year-old son waited for word about his mother shortly after she was rushed to the Jackson Memorial Hospital. The young man broke down on the sidewalk when police told him his mom didn’t make it.

“I want justice for the man who did this,” he told CBS 4

Anyone who sees the suspect or has information about the shooting should call Crime Stoppers at 305- 471-8477.

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NASA Sets Record with Ion Thrusters Test

NASA has completed a 43,000 hour stress test — a record for ion thrusters — on a new rocket propulsion system that could extend future space travel to farther reaches of the solar system.

Developed by NASA’s Evolutionary Xenon Thruster Project, the 7-kilowatt ion thruster can burn 10-12 times longer than the conventional chemical thrusters used today. Though not practical for manned-spaceflight, the system could power exploratory rockets that reach outer planets and their moons.

[More from Mashable: NASA Unveils E-books on Hubble, Webb Space Telescopes]

To find out more, watch the video above and let us know your thoughts in the comments.

Photo courtesy of NASA

[More from Mashable: First ‘Alien Earth’ Will Be Found in 2013]

BONUS: 15 Twitter Accounts Every Space Lover Should Follow

Sunita Williams

Captain Williams is a NASA astronaut who recently completed the first triathlon in space.

Click here to view this gallery.

This story originally published on Mashable here.

Tech News Headlines – Yahoo! News

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Golden Globes Flashback: Alec Baldwin 2007

Alec Baldwin was known as a film actor until undertaking debatably the best role of his career on television as "Jack Donaghy" on 30 Rock. After decades in the industry, he experienced immediate, tangible success through the show and was stunned by it all.

While he had previously been nominated for awards, including both Oscar and Golden Globes nominations for his 2003 film The Cooler, Baldwin had yet to win a major individual award for his acting until the Tina-Fey-created comedy series came along.

VIDEO: Alec Baldwin Jokes About Photog Controversy

The first season of 30 Rock premiered in the fall of 2006 and Baldwin was nominated a few months later for a Golden Globes for Best Actor. With Season 1 winding down, he was granted the award, his first of this magnitude, in January at the 2007 Golden Globes.

"I never really think of myself of someone that's going to walk in and [win the award]," he says to ET's former co-host Mary Hart after winning the award. "Meryl [Streep] walks in and wins the award. There's people that just have that role; they have that gravitational field...To win this, I am shocked. I am truly, truly shocked."

PIC: Photographer Alleges Alec Baldwin Punched Him

Although he was shocked to receive the award, Baldwin admits that he believed the show had a chance to succeed due to the various positive elements that comprised 30 Rock. Not only did the show reap accolades for Baldwin, but it also provided him with a new lifestyle that he enjoyed.

"I love the people and I love the scripts and I love the opportunity but I also love the lifestyle," he says. "In the past when I did movies, there was a thing that was thrilling to me twenty years ago, and that was I didn't know where I was going to be four months from now...and now I know exactly where I'm going to be four months from now, and I need that. I want that."

VIDEO: Alec Baldwin Takes on Santa

Baldwin has been able to maintain a stable lifestyle of filming 30 Rock for seven years now and awards have become a predictable facet of his life as well. After winning for Season 1, he has gone on to win two more individual awards, receiving a nomination in every year since 2007.

The 54-year-old actor will have a chance to add yet another Best Actor Golden Globe to his collection, as he has once again been nomination for 30 Rock's final season.

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Violence in Afghanistan down in 2012; insider attacks up

KABUL, Afghanistan — Violence in Afghanistan fell in 2012, but more Afghan troops and police who now shoulder most of the combat were killed, according to statistics compiled by The Associated Press.

At the same time, insider killings by uniformed Afghans against their foreign allies rose dramatically, eroding confidence between the two sides at a crucial turning point in the war and when NATO troops and Afghan counterparts are in more intimate contact.

"The overall situation is improving," said a NATO spokesman, US Air Force Lt. Col. Lester T. Carroll. He singled out Afghan special forces as "surgically removing insurgent leaders from the battle space."

Gen. Mohammad Zahir Azimi, spokesman for the Afghan Ministry of Defense said that Afghan forces were now charged with 80 percent of security missions and were also less equipped to face the most lethal weapon of the militants — roadside bombs.

"Our forces are out there in the battlefields and combat areas more than at any other time in the past," he said, citing reasons for the spike in casualties.

US troop deaths, overall NATO fatalities and Afghan civilian deaths all dropped as insurgent attacks fell off in their traditional strongholds in the country's south and east. However, insurgent activity was up in the north and west, where the Taliban and other groups have been less active than in the past, and overall levels of violence were higher than before a U.S. troop surge two years ago.

US troop deaths declined overall from 404 last year to 295 deaths as of Saturday Dec. 29, as Washington draws down its forces in the country. The Defense Department says that 1,701 U.S. troops were killed in action in Afghanistan since the U.S. invasion in 2001 until Dec. 26. Of those, 338 died from non-hostile causes. Some 18,154 were wounded.

A total of 394 foreign troops including the Americans were killed in 2012, down from 543 in 2011. The British, with the second largest military presence, had 43 killed — the second highest toll among countries with forces in Afghanistan, by AP's count.

The AP keeps daily tallies of casualties and violent incidents across Afghanistan based on reports from NATO and Afghan officials. Most cannot be independently verified and other incidents may never come to light. The statistics sometimes vary from official counts because of time lags, different criteria and other reasons.

Deaths from so-called insider attacks — Afghan police and troops killing foreign allies — surged to 61 in 45 attacks last year compared to 2011, when 35 coalition troops were killed in 21 attacks.

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