U-Haul chase suspect appears in Miami-Dade court on Sunday

The suspect arrested in connection with Friday’s chase through the streets of Miami-Dade in a rental U-Haul truck appeared in front of judge Sunday morning.

Darrell Conyers, 45, made his first appearance in bond court.

Conyers faces a number of charges including grand theft, fraud and resisting arrest with violence.

During the hearing, the judge noted that the only charge before her was driving with a suspended license. For that she set bond at $2,000. Conyers will return to bond court at a later time for the additional charges.

Conyers was scheduled to appear in court on Saturday but was unable to do so because he was still in the hospital being treated for injuries he sustained at the end of the chase which apparently started as an attempted robbery at a tool shop on South Dixie Highway.

For 45-minutes the U-Haul truck weaved in and out of city streets, jumping on and off the Palmetto Expressway and headed in different directions along Southwest Eighth Street and Flagler Street.

The chase finally came to an end 12:45 p.m. next to Miami Senior High in Little Havana on Flagler Street and 26th Avenue.

When officers moved in to apprehend the driver, an unidentified Miami-Dade Police officer was injured when he was pinned between the U-Haul truck and a police vehicle. He was transported to Jackson Memorial Hospital where he was treated for a broken leg.

Another Miami officer cut his hand from broken glass. Police say that happened when officers had to break the glass on the U-Haul truck to get the suspect out of it.

Police said Conyers has had previous run-ins with the law and has convictions for firearm violations, fleeing police and carjacking.

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In giant “garage sale”, Japan’s TV giants hawk $3 billion of assets

TOKYO (Reuters) – Panasonic Corp, Japan‘s struggling maker of Viera brand TVs, owns more than 10 million square meters of office and factory space, dormitories for its workers and sports facilities for its rugby, baseball and women’s athletics teams.

As it battles for Christmas shoppers’ wallets in the year-end holiday season, the sprawling electronics conglomerate is also seeking buyers for some of those properties to trim its fixed costs and improve cashflow at a time of intense competition, particularly from South Korean rivals such as Samsung Electronics Co.

Japan’s other troubled TV makers, Sony Corp and Sharp Corp, are also selling buildings and businesses in a giant ‘garage sale’ that could raise a combined $ 3 billion.

Panasonic plans to raise $ 1.34 billion from offloading property and shares in other Japanese companies by end-March, the group’s chief financial officer Hideaki Kawai told Reuters.

“We have a lot of land and buildings in Japan and overseas,” he said in an interview at the company’s head office in Osaka, in western Japan. He declined to list which properties would go on the block, but said most are in Japan.

Included is a 24-storey central Tokyo block – built in 2003 with more than 47,300 square meters and housing 2,000 Panasonic workers – a source familiar with the plan told Reuters.

Kawai added that Panasonic would raise about a quarter of the sell-off funds by getting rid of shares it owns in other companies – a common practice of cross-shareholdings in Japan.

The proceeds would help bolster free cashflow to 200 billion yen ($ 2.43 billion) for the business year to March, Kawai said, and allow Panasonic to reduce its debt and maintain its crucial research and development effort as it revamps its business portfolio.

It will sell more assets in the year starting in April if cashflow dips below 200 billion yen, Kawai added. Panasonic President Kazuhiro Tsuga has promised to shut or sell businesses operating at below a 5 percent margin. Those sales could start as soon as April.

Panasonic’s fixed assets of $ 21 billion are around 30 percent more than those of Apple Inc, and are almost double the company’s market value. The company, founded almost a century ago as a small electrical extension socket maker, trades at around half its book value – which includes intangible assets such as patents. Sony trades at 39 percent of book, Sharp at 30 percent.

The fixed assets – buildings, land and machinery – of the three companies that were not so long ago a byword for innovation in household gadgetry total around $ 42 billion, while their combined market value is $ 24 billion.

CASHFLOW IS KING

The three firms have been downgraded by credit ratings agencies, making it tougher to raise funding on capital markets, and making asset sales more urgent.

Selling assets “is good in terms of their credit ratings because, for all three, it will lower fixed costs and they can reduce their capex requirements. Eventually, this could improve operating margins and, more importantly, cashflow,” said Alvin Lim, an analyst at Fitch Ratings in Seoul.

Fitch, which makes its ratings without input from company management, last month cut Panasonic to BB and Sony to BB minus, the first time one of the major agencies has relegated either company to junk status. Sharp is ranked B minus, adding to its borrowing costs.

“We rate Panasonic as investment grade, and it should have various funding options. Selling assets it can do without, to avoid raising additional borrowing, can be an option,” said Osamu Kobayashi, an analyst at Standard & Poor’s.

While Korean rivals have also benefited from a weaker local currency, data from the Japan Electronics and Information Technology Industries Association shows that Japanese production of consumer electronic equipment fell to just above $ 15 billion last year from more than $ 19 billion a decade ago. Output in September was just $ 980 million, half last year’s level.

“The gap with Korean makers seems to be widening. It’s going to be very difficult for them to regain their top-tier position,” said Fitch’s Lim.

As the three Japanese firms, all under new leadership, have sketched out restructuring plans, the cost of insuring their debt against defaulting in 5 years has dropped from spikes just a month ago. Credit default swaps for Sharp and Sony are down to levels last seen 3 months ago, while Panasonic’s have dropped 40 percent in the past month.

THREE PATHS

While Panasonic is looking to revamp its business around batteries, auto parts and household appliances, Sony is doubling down on smartphones, gaming and cameras. Sharp, meanwhile, is focusing on display screens and is forging alliances with the likes of Taiwan’s Hon Hai Precision Industry and U.S. chipmaker Qualcomm Inc.

Sony may also take the real estate sale route to raise much-needed cash, with a possible sale of its 37-storey New York headquarters, dubbed by New Yorkers as the ‘Chippendale’ because of its design that is reminiscent of the period English furniture. Selling that jewel could raise $ 1 billion, media have reported.

The maker of Vaio laptops, PlayStation gaming consoles and Bravia TVs may also sell its battery business, which makes lithium ion power packs for tablets, PCs and mobile phones. The company has been approached by investment banks offering to sell the unit, which employs 2,700 people and has three factories in Japan and two overseas assembly plants. Sony values the business’s fixed assets at $ 636 million.

Potential buyers could include BYD Co Ltd, a Chinese carmaker backed by billionaire investor Warren Buffett, and Taiwan’s Hon Hai – which part owns Sharp’s advanced LCD panel plant in Sakai, western Japan, and is in talks to buy TV assembly plants in China, Malaysia and Mexico for $ 667 million, Japan’s Sankei newspaper has reported.

Sharp has mortgaged nearly all its properties to secure a $ 4.6 billion bailout from Japanese banks and so has few assets to offer in a grand garage sale.

Instead, it’s selling part of the garage.

Qualcomm has agreed to buy a 5 percent stake in Sharp, making it the largest shareholder. Hon Hai, which earlier this year agreed to invest in Sharp – before its stock slumped in the wake of record losses – has said it remains interested in taking a stake.

“Whatever they can get to get through this fiscal period by scaling down their operation is a critical step for them to remain afloat,” said Fitch’s Lim.

($ 1 = 82.4700 Japanese yen)

(Additional reporting by Reiji Murai; Editing by Ian Geoghegan)

Tech News Headlines – Yahoo! News

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Singer Jenni Rivera Feared Dead in Plane Crash

The remains of a private plane carrying singer Jenni Rivera have been found in Mexico with no survivors following a suspected crash. 

Gerardo Ruiz Esparza, Mexico's Secretary of Communications and Transportation, confirmed to The Hollywood Reporter that, on Sunday, officials found the remains of an airplane that was carrying the Mexican-American superstar and her entourage who were traveling from Monterrey to Toluca, Mexico.

Video: Remembering the Tragic Loss of Aaliyah

The small jet had been carrying seven passengers (Rivera included) and lost radio contact with the airport a few minutes after departing in the early hours of the morning following a concert, reports THR.

The singer's father and brother later confirmed to Telemundo that Rivera died in the crash.

With the sad news, Latin artists all over the world took to Twitter to express their heartbreak.

Gloria Estefan mourns, "Our deepest sympathy to the family & fans of @jennirivera & those that accompanied her on what was to be her last voyage. Rest in peace."

Ricky Martin says, "This is sad. A bit in shock. Much peace to your family." (Translated from Spanish)

Eva Longoria writes, "My heart breaks for the loss of Jenni Rivera & everyone on the plane. My prayers go out to her family. We lost a legend today."

William Levy tweets, "My heart goes out to the families. I wish them all the strength in the world." (Translated from Spanish)

Paulina Rubio mourns, "My friend! Why? There is no consolation. God help me!" (Translated from Spanish)

Pitbull writes, "I highly respected #JenniRivera 4 being a gr8 performer but more then tht being real & gr8 example 4 us all que dios la bendiga &may she RIP"

Rivera, 43, was currently a featured coach on The Voice Mexico. A California native, the singer earned several Latin Grammy nominations and recently signed on to star in an American sitcom with ABC titled Jenni.

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Justice delayed, again

Fort Hood shooter Nidal Malik Hasan is still getting away with murder — this time by the hair on his chinny-chin-chin.

In an absurd turn last week, the military judge in Hasan’s murder trial, Col. Gregory Gross, was removed by a civilian appeals panel because Gross had followed military codes and ordered Hasan, an Army major, to shave.

Hasan was playing the Islamic radical in court — beard and all — but rules are rules, so Col. Gross held him in contempt and ordered that the beard be forcibly removed.

But the Armed Forces Court of Appeals heard Hasan’s cries and sided with the terrorist, yanking Gross and spelling another unacceptable delay in a slow-motion prosecution that has dragged on for three years.

AP

Nidal Malik Hasan

“Should the next military judge find it necessary to address [Hasan’s] beard, such issues should be addressed and litigated anew,” the judges wrote.

That’s ridiculous. The next judge will now have to consider the question again — at the risk of possible removal — guaranteeing even more delays for the trial.

Truth is, Hasan’s beard is an open-and-shut case. It’s in the Army’s rulebook: Beards are forbidden except in cases of medical necessity, and “exceptions or accommodations based on religious practices will not be granted.”

Hasan knew that when he entered the Army. Had he wished to devote himself to a peaceable religious life outside the military, he could’ve retired and grown a beard down to his knees.

But he didn’t.

True, two Sikh doctors recently got permission before joining the Army to keep their beards, as did a rabbi who wished to become a chaplain.

But Hasan never sought permission nor had any interest in growing a beard during his 20 years of service; he began growing one just this year as a courtroom stunt.

And let’s be honest about the man on trial. He murdered 13 people and wounded 29 others on a terroristic shooting spree.

He’s not like the Sikh doctors and the Jewish chaplain who joined the military to heal its members physically and spiritually.

His religion is al Qaeda, his prophet is terrorist cleric Anwar al- Awlaki — and his goal was murder.

No accommodations should be made for him, nor should his prosecution be delayed yet again to accommodate his wishes.

The Defense Department has a duty to mete out swift justice to this killer — it owes that much to those who died on Nov. 5, 2009, and to the rest of the nation as well.

Every day that passes with Hasan still awaiting trial is an injustice and an infamy.

Shave his face.

And start the trial, finally.

Have an opinion on this Post editorial? Send it in to LETTERS@NYPOST.COM!

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Back in the fast lane: AutoNation expanding again

Despite an agonizingly slow economic recovery, the country’s largest auto retailer, Fort Lauderdale-based AutoNation, is thriving again as demand for vehicles expands.

The company, one of Florida’s largest, is posting increasingly strong profits and revenues. Just last week, in a sign of confidence, Autonation announced a major acquisition — buying six large auto stores in Texas — that will add about 700 employees to its national payroll of 19,400.

In announcing the deal Tuesday, which is expected to provide AutoNation with $575 million in additional revenues next year, the company’s CEO and chairman, Mike Jackson, expressed optimism about the prospects for continued growth in vehicle sales.

“You want to know what I’m thinking, look at what I do,” Jackson told viewers on CNBC’s Squawk Box program.

No information was released on the cost of the transactions, but in recent years auto dealerships sometimes sold for three to five times revenue, which would represent a significant investment for the company.

Tough times

To be sure, AutoNation has struggled through some tough times. It was battered by the Great Recession, which depressed sales and pushed the company into a $1.2 billion loss four years ago. As sales began to improve in 2010 and 2011, it was blindsided by a shortage of Japanese-made cars last year after the earthquake and tsunami in March 2011 shut down Japanese manufacturers of some essential components.

Since then, however, AutoNation has rebounded. Unit sales, revenues and profits all performed well in the first three quarters of this year, and the company expects new vehicle sales to continue their recovery nationwide, rising to the mid-14 million units this year, up from about 12.7 million in 2011. In the third quarter of 2012, AutoNation’s new car unit sales grew by 21 percent over the same period in 2011, doing better than an estimated 15 percent increase industry wide. November’s sales of new vehicles increased by 21 percent over November 2011 .

The big dealerships acquired sell Audi, Porsche, Volkswagen and Chrysler products in the Houston and Dallas-Fort Worth markets. They are expected to sell 14,000 new and used autos this year, and will add substantially to AutoNation’s future sales.

“We are in the right industry at the right time,” Jackson said during an interview. “The recovery in new vehicle sales is being driven by replacement demand,” added Jackson, who has 42 years of experience in the auto business. “The average age of the light vehicle fleet in the country has increased to 11 years, and even though cars and trucks last longer today, they can’t go on forever. About 12 to 13 million vehicles are scrapped every year and need to be replaced.”

Other factors are contributing to stronger demand for vehicles. “The population is growing, interest rates are low, there is ample credit available and manufacturers are producing a wide range of new models that offer attractive styling, power and greatly improved gas mileage,” said Jackson, who took over as AutoNation’s CEO in 1999. “Auto financing is more available than it has been in recent years. A little known fact is that people are more likely to default on a mortgage than on a vehicle loan.”

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State scraps plan to have private vendors make license tags

TALLAHASSEE --
Backing away from a possible court fight, the Florida Department of Highway Safety and Motor Vehicles announced Friday that it will halt its attempt to bid license tag services to private vendors.

Tax collectors — who distribute state tags — and two manufacturing groups tried to block the change by lobbying elected officials and filing legal action against the department.

Highway Safety Chief Julie Jones had wanted to save money by paying private companies $31.4 million over two years to make tags and distribute mail and online orders, but she abandoned the idea under pressure from Attorney General Pam Bondi and Chief Financial Officer Jeff Atwater, among others.

“We listened to what everyone had to say, considered questions that vendors posed and received information from our tax collector partners,” Jones said. “Based on the input, we have decided to withdraw [efforts to privatize].”

The decision will keep Florida out of administrative court, which is where it seemed headed Tuesday after department lawyers shut down tax collectors’ requests to retract its invitation to bidders.

Jones’ change of heart earned praise from Bondi, who said the department “did the right thing.”

Manufacturing company Avery Dennison and St. Petersburg-based PRIDE, a nonprofit organization that uses prisoners to manufacture tags, filed formal protests and met with state officials this week.

For them, the state’s decision may only be a temporary victory.

Stephen Hurm, an attorney for the state highway agency, told tax collectors Friday the department will not seek to privatize plate distribution but could reignite the push as early as January to bid out the manufacturing role.

The state may want to switch from raised tags to the more modern flat tags that are thought to be more legible for red light and toll cameras. PRIDE doesn’t have the equipment to make flat tags.

Hillsborough County Tax Collector Doug Belden says he will fight the state if it moves to exclude PRIDE.

“Why change a system that is working well and that customers enjoy? My job as an elected official is to provide the most friendly, capable customer service for the best price. We’re doing that,” said Belden, who criticized Jones for excluding tax collectors in her decisions.

Belden, along with PRIDE lobbyist Wilbur Brewton, argue that flat tags are no easier to read and are more expensive — which will result in more fees for motorists. The company may try to invest in new technology if that’s what it takes to continue working with the state, Brewton said.

“Is the equipment currently sitting in the plant to do it? No,” he said. “This could cause harm, but we would have to calculate that once we see the details.”

Jones hasn’t committed to any tag — flat or raised, she said. She just wants something legible and well-priced.

“We want to get the best product moving into the future in terms of technology, but at a cost that’s affordable,” Jones said. “This is going to be done in a cost-effective manner.”

The controversy over the tags is not expected to stall a planned redesign.

Floridians can continue to vote on four designs for a new state tag at Vote4FloridaTag.com. About 50,000 people have weighed in. The deadline is Dec. 14.

Brittany Alana Davis

can be reached at bdavis@tampabay.com .

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How They Pulled Off 'The Impossible'

The true story of the devastating 2004 tsunami that consumed the coast of Phuket, Thailand -- and how one family survived it -- is reenacted by Naomi Watts and Ewan McGregor in The Impossible. Watch the video to go behind the scenes...

Video: Tsunami Survivor Petra Nemcova Reacts to Latest Disaster in Japan

In theaters December 21, The Impossible finds Naomi as Maria and Ewan as her husband Henry, who are enjoying their winter vacation in Thailand with their three sons. On the day after Christmas, their relaxing holiday in paradise becomes an exercise in terror and survival when their beachside hotel is pummeled by an extraordinary, unexpected tsunami.

Video: Watch the Trailer for 'The Impossible'

The Impossible tracks just what happens when this close family and tens of thousands of strangers must come together to grapple with the mayhem and aftermath of one of the worst natural catastrophes of our time.

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LAPD apologizes to Notorious B.I.G.'s family after failing to warn them about autopsy release

AP

Notorious B.I.G. was shot to death in 1997.

LOS ANGELES — Police detectives apologized to the family of Notorious B.I.G. for failing to warn them about the planned release of his autopsy report more than 15 years after he died in a drive-by shooting, the Los Angeles Police Department said Saturday.

The detectives had intended to notify the rapper's family, but the report was released prematurely "due to an administrative error," the department said in a statement.

"Our detectives personally spoke with the Wallace family (Friday) night, and apologized for not notifying them prior to the release" said Capt. Billy Hayes, who heads LAPD's Robbery-Homicide Division, which is investigating the killing. "Obviously this has been a challenging case for us to solve. We hope that witnesses or other people with information will come forward and give us the clues we need to solve this case."

Los Angeles County's Chief Coroner Investigator Craig Harvey said a security hold placed on the report's release was lifted last week. The 23-page report revealed the rapper, whose real name was Christopher Wallace, was hit by four bullets after leaving a music industry event in March 1997, but one that hit his heart, left lung and colon caused his death.

The attorney for the rapper's family complained Friday that he was not given any notice that the report would be released and criticized police for not closing one of Los Angeles' highest-profile unsolved murders.

Both Los Angeles police and the FBI investigated Wallace's killing, which came just months after another rap superstar, Tupac Shakur, was gunned down in Las Vegas. The FBI looked into whether any Los Angeles police officers were involved in Wallace's shooting.

The deaths of Wallace and Shakur have been the subject of rampant speculation about the motives. The one-time friends became rivals and instigators in an East Coast-West Coast rap rivalry during the mid-1990s.

A 2011 book by former Los Angeles police detective Greg Kading claimed both murders had been solved, although no arrests have been made and federal prosecutors in 2005 declined to file charges after a lengthy, bi-coastal investigation. Wallace is from the New York City borough of Brooklyn.

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Events showcase Miami’s growth as tech center

One by one, representatives from six startup companies walked onto the wooden stage and presented their products or services to a full house of about 200 investors, mentors, and other supporters Thursday at Incubate Miami’s DemoDay in the loft-like Grand Central in downtown Miami. With a large screen behind them projecting their graphs and charts, they set out to persuade the funders in the room to part with some of their green and support the tech community.

Just 24 hours later, from an elaborate “dojo stage,” a drummer warmed up the crowd of several hundred before a “Council of Elders” entered the ring to share wisdom as the all-day free event opened. Called TekFight, part education, part inspiration, and part entertainment, the tournament-style program challenged entrepreneurs to earn points to “belt up” throughout the day to meet with the “masters” of the tech community.

The two events, which kicked off Innovate MIA week, couldn’t be more different. But in their own ways, like a one-two punch, they exuded the spirit and energy growing in the startup community.

One of the goals of the TekFight event was to introduce young entrepreneurs and students to the tech community, because not everyone has found it yet and it’s hard to know where to start, said Saif Ishoof, the executive director of City Year Miami who co-founded TekFight as a personal project. And throughout the event, he and co-founder Jose Antonio Hernandez-Solaun, as well as Binsen J. Gonzalez and Jeff Goudie, wanted to find creative, engaging ways to offer participants access to some of the community’s most successful leaders.

That would include Alberto Dosal, chairman of CompuQuip Technologies; Albert Santalo, founder and CEO of CareCloud; Jorge Plasencia, chairman and CEO of Republica; Jaret Davis, co-managing shareholder of Greenberg Traurig; and more than two dozen other business and community leaders who shared their war stories and offered advice. Throughout the day, the event was live-streamed on the Web, a TekFight app created by local entrepreneur and UM student Tyler McIntyre kept everyone involved in the tournament and tweets were flying — with #TekFight trending No. 1 in the Miami area for parts of the day. “Next time Art Basel will know not to try to compete with TekFight,” Ishoof quipped.

‘Miami is a hotbed’

After a pair of Chinese dragons danced through the audience, Andre J. Gudger, director for the U.S. Department of Defense Office of Small Business Programs, entered the ring. “I’ve never experienced an event like this,” Gudger remarked. “Miami is a hotbed for technology but nobody knew it.”

Gudger shared humorous stories and practical advice on ways to get technology ideas heard at the highest levels of the federal government. “Every federal agency has a director over small business — find out who they are,” he said. He has had plenty of experience in the private sector: Gudger, who wrote his first computer program on his neighbor’s computer at the age of 12, took one of his former companies from one to 1,300 employees.

There were several rounds that pitted an entrepreneur against an investor, such as Richard Grundy, of the tech startup Flomio, vs. Jonathan Kislak, of Antares Capital, who asked Grundy, “why should I give you money?”

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Preservation board to decide on Herald building

The city of Miami’s historic preservation office has compiled a lengthy, detailed report that substantially bolsters the case for designation of The Miami Herald’s “monumental’’ bayfront building as a protected landmark based on both its architectural merits and its historic significance.

Somewhat unusually, the 40-page report by city preservation officer Megan McLaughlin, which is supplemented by 30 pages of bibliography, plans and photographs, carries no explicit recommendation to the city’s preservation board, which is scheduled to decide the matter on Monday.

But her analysis gathers extensive evidence that the building’s history, the influential executives and editors associated with it, and its fusion of Mid-Century Modern and tropical Miami Modern (MiMo) design meet several of the legal criteria for designation set out in the city’s preservation ordinance and federal guidelines. A building has to meet just one of eight criteria to merit designation.

A spokeswoman for the city’s historic preservation office said there is no obligation to make a recommendation and the city’s preservation board didn’t ask for one.

Supporters of designation, including officials at Dade Heritage Trust, the preservation group that has received sometimes withering criticism from business and civic leaders for requesting designation, said they felt vindicated by the report, even as they concede that persuading a board majority to support it remains an uphill battle.

“It’s important that an objective expert is saying basically the same thing we’ve been saying, particularly in an environment where there is so much pressure,’’ said DHT chief executive Becky Roper Matkov. “It’s very hard to refute. When you look at the building’s architecture and history, it’s so blatantly historic, what else can you say?’’

The report also rebuts key pieces of criticism of the designation effort leveled by opponents of designation, including architects and a prominent local preservation historian hired by Genting, the Malaysian casino operator that purchased the Herald property last year for $236 million with plans to build a massive destination resort on its 10 acres. The newspaper remains in the building rent-free until April, when it will move to suburban Doral.

Citing federal rules, McLaughlin concluded that the building dates to its construction in 1960 and 1961, and not to its formal dedication in 1963. That’s significant because it makes the building legally older than 50 years. Buildings newer than that must be “exceptionally significant’’ to merit designation under city regulations. Opponents of designation have claimed the building does not qualify because it’s several months short of 50 years if dated from its ’63 opening.

The property also has a “minimal’’ baywalk at the rear but there is room to expand it, the report indicates. The building is considerably set back from the edge of Biscayne Bay, between 68 feet at the widest point and 23 feet at its narrowest, the report says. That’s comparable to what many new buildings provide, thanks in part to variances granted by the city, and could blunt criticism that the Herald building “blocks’’ public access to the bay.

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