Banah Sugar company says it will pay debts

Banah Sugar’s executive director, Yurek Vásquez, said the company will make payments to the more than 200 people and companies it owes money to, after the beginning of a reorganization process supervised by a federal court was revealed.

“This is a reorganization that gives us time to pay our providers,” Vásquez said. “Our intention is to continue working with them, fulfill our duty to them.”

Vásquez spoke to El Nuevo Herald for the first time after the sugar company filed for bankruptcy last week under Chapter 11, which allows continued operations while restructuring.

On Monday, several representatives of creditors expressed outrage at Banah’s non-compliance, accusing it of making payments with checks without funds.

Vásquez, who took over the leadership at Banah in November, said that the previous administration of the company faced “management problems.”

“One of these problems was a flawed communication between the previous administration and providers,” Vásquez said. “The fact that payments were pending did not mean that they were not going to get paid, but no one heeded the providers, nobody explained a payment plan to them so they would know when they were getting paid.”

Banah’s former executive director, Diego Leiva, told El Nuevo Herald he retired from the sugar company in October after learning the background of owner Alex Pérez, who served four years in prison for cocaine trafficking.

But Vásquez said Leiva did know about Pérez’s past and the real reason he left had to do with a mutual agreement after management problems were detected.

“I came to make an evaluation of the company and, after seeing the poor performance and deficiencies, I decided to make staff changes,” Vásquez said. “Leiva agreed with the changes, which included his resignation.”

The company operates with 15 employees. He said the size of the staff would depend on growth of production and new markets.

He said Banah is “now more efficient,” with a plant that can produce 24 million bottles of liquid sugar a year. Before, it imported liquid sugar at substantial cost.

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Friday is the deadline for homestead exemption applications

Friday is the deadline to apply for a homestead exemption or other property-tax break with the Miami-Dade County Property Appraiser.

Two new exemptions are on the books. One aims to cut the tax burden for low-income seniors who have lived in their homes more than 25 years. The other is for the spouses of police and fire-rescue workers who have died in the line of duty.

Homeowners can apply for homestead and other tax cuts at the Property Appraiser’s offices or by calling 305-375-4091 for forms.

Information and online filing for homestead exemption also is available at the Property Appraiser’s website at http://www.miamidade.gov/pa/.

A homestead exemption excludes $50,000 of the assessed value of a primary residence from taxation and caps the annual increase in a property’s assessed value at a maximum of 3 percent.

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ET at The Sunset Sessions: What do Fun The Black Keys and Jason Mraz Have in Common

When I'm driving home from work listening to the radio I sometimes wonder, How do these radio programmers know what new music is out there? I hear the constant streaming of Top 40 hits, but where are the underground singer-songwriters? Where can radio and music lovers find the new IT group or artist that is going to blow up? Well I found the answer and I have three words for you... the Sunset Sessions.

PICS: New Music Tuesday!

For over 16 years, the sessions have opened their doors to new and upcoming artists, and you won't believe the list of alumni: Grammy winners Jason Mraz, Colbie Caillat, The Zac Brown Band, The Black Keys, and Fun., just to name a few, and did I mention they are all Grammy winners?

Michele Clark, who founded the Sunset Sessions, wanted to create an event that would bring together music supervisors, radio programmers, music managers, all in one place to discover artists and bands no one else is playing.

This past weekend I got to spend some time in San Francisco with some of music's most talked about new artists and groups including the much buzzed about, AlphRev and Saints of Valory. When I arrived at the Grand Hyatt Hotel right in the center of downtown you could feel the energy of the musicians as you stepped into the many rooms and stages to watch the various artists. Though they were all music industry professionals there on business, at the end of the day they are all music lovers in search of new music.

The Parlotones, the multi-platinum selling Johannesburg-bred quartet, who has shared the stage with bands like Coldplay, say that the event has "a cool vibe, everyone's music lovers and meeting each other so it's just a cool vibe." Kansas born rock band, Gooding, who were at the sessions for the first time, said "one of the things that makes it very special is the quality of not only just talent, but the people ... there's just a lot of passion here."

The opportunity is very different than other music industry events as rock and roll songstress, Anna Rose, says "it's rare, you don't get to sit in front of people like this and play ... especially for an independent musician like myself." Country spitfire Emily Bell says that the music professionals "really accept all these up and coming artists with open arms."

The Sunset Sessions have also gathered artists all over the world to come and showcase their music including Sweden's Anna Bergendahl, who performed for the first time in the US during the sessions, Keith Harkin from Ireland, Chris Assaad from Canada, and they even went to the island of Hawaii to bring singer songwriter Anuhea to join the fun; throughout her career she has jammed with the likes of Bruno Mars and Ziggy Marley.

I wasn't sure what to expect but after a full weekend of new music, I was refreshed and cannot wait to see where this year takes all of these new and amazing artists.

To see what other up and coming artists like Faulkner, Savannah Philyaw, and Fernando Perdomo, had to say about the Sunset Sessions and their performances watch the video above and follow @sunsetsessions on Twitter or go to sunsetsessions.org for more details on the next Sunset Sessions in Carlsbad, California.

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Black voters overwhelmingly sour on Bloomberg's sugary drink ban: poll

Getty Images

Only Manhattan voters support Mayor Bloomberg's plan to cap the size of sweetened drinks.

There's a racial divide in how New Yorkers view Mayor Bloomberg's plan to cap the size of sweetened sodas.

White voters were ready to go either way on the issue at 48/49 percent in favor/opposed, while black voters were overwhelmingly sour on the idea 60 to 38 percent, according to a Quinnipiac University poll released today. Hispanic voters came in at 50/47 percent in support.

Women were 50-50 -- actually 49 percent in favor, 48 percent against.

Men defended their right to drink up, with 54 percent giving a thumbs down to sugary limits and 44 percent approving the mayor's latest attempt to instill better health.

A borough soda gap also popped up.

Manhattan residents backed the upcoming crackdown on beverages bigger than 16 ounces by a solid 57-39 percent.

No other borough was in the support column.

Brooklyn took the middle road, with 49 percent for and an equal percentage against downsizing.

Voters citywide were right back where they were last June, around the time the proposal first surfaced. Forty-six percent were for it, 51 percent were not.

When those numbers first came out eight months, mayoral aides called them heartening for such a controversial proposal that the public had little time to absorb.

But there hasn't been much movement either way since then despite an advertising blitz by the soda industry, which is trying to block implementation.

The new restriction is scheduled to begin March 12, assuming the industry's legal challenge is unsuccessful.

Restaurants and other food shops that derive at least 50 percent of their revenues from prepared foods will no longer be able to sell caloric drinks larger than the 16-ounce limit.

Supermarkets and grocery stores -- which include the 7-11 chain and its trademark Big Gulp gigantic sodas -- aren't affected.

In other poll news, Ed Koch moved up to second place in the ranks of the city's best recent mayors.

Rudy Giuliani still led with 31 percent of the vote; Koch was next at 25 percent, and Mayor Bloomberg took third place with 24 percent. Before his death, Koch had 20 percent in a July 2011 poll, Bloomberg had 26 percent and Giuliani 34 percent.

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Knight Foundation holding IdeaJam Saturday

The Knight Foundation is hosting a free Knight News Challenge IdeaJam Saturday in conjunction with a nationwide contest it is running on open government that is seeking innovative ideas to improve the way citizens and governments interact ( www.newschallenge.org) through information and technology. Winners will get a share of $5 million and support to make their projects happen. The local IdeaJam will be at 3 p.m. at The LAB Miami, 400 Northwest 26th Street in Wynwood. It’s part of a full day of activities for The LAB’s grand opening from 2 p.m. to 8 p.m., including a shark tank for entrepreneurs. To register for the IdeaJam and the grand opening events: http://cirqueducowork.eventbrite.com/

Nancy Dahlberg

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Broward commissioner withdraws pit bull ban proposal

Pit bull lovers came out in force on Tuesday to oppose a county commissioner’s effort to get the breed banned in Broward County.

After hearing dozens make emotional pleas, County Commissioner Barbara Sharief agreed to withdraw her proposal for a ban and work with experts to help keep neighborhoods safe from all dangerous dogs.

Read the full story at Sun-Sentinel.com.

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Tina Fey and Amy Poehler Will Never Host the Oscars Together

To the dismay of William Shatner and fans around the world, Tina Fey recently revealed that she has no intention of ever emceeing the Academy Awards ceremony with or without her BFF, and Golden Globes co-host, Amy Poehler.

Pics: The 2013 Oscars!

When asked if she'd ever consider the gig, Fey told The Huffington Post that she wouldn't dare sign up for the task because the Oscars are far too much work.

"I just feel like that gig is so hard," she said, adding that her gender would make hosting duties extremely taxing.

Related: Stars React to Tina & Amy's Golden Globes Hosting Gig

Mused Fey, "The amount of months that would be spent trying on dresses alone ... no way."

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In sendoff, Pope Benedict XVI recalls 'joy' of papacy, and difficulties

VATICAN CITY — Pope Benedict XVI basked in an emotional sendoff Wednesday at his final general audience in St. Peter's Square, recalling moments of "joy and light" during his papacy but also times of great difficulty. He also thanked his flock for respecting his decision to retire.

Tens of thousands of people toting banners saying "Grazie!" — "Thank you" — jammed the piazza in Rome to bid Benedict farewell and join the appointment he has kept each week for eight years to teach the world about the Catholic faith.

Benedict clearly enjoyed the crowds, taking a long victory lap around the square in an open-sided car and stopping to kiss and bless half a dozen children handed to him by his secretary.

AFP/Getty Images

Pope Benedict XVI waves as he leaves in his papamobile at the end of his last weekly audience today in Vatican City.

In keeping with the historic moment, Benedict changed course and didn't produce his typical professorial Wednesday catechism lesson. Rather, he made his final public appearance in St. Peter's a personal one, explaining once again why he was becoming the first pope in 600 years to resign and urging the faithful to pray for his successor.

"To love the church means also to have the courage to take difficult, painful decisions, always keeping the good of the church in mind, not oneself," Benedict said to thundering applause.

He recalled that when he was elected pope on April 19, 2005, he questioned if God truly wanted it. "'It's a great burden that you've placed on my shoulders,'" he recalled telling God.

During eight years, he said "I have had moments of joy and light, but also moments that haven't been easy ... moments of turbulent seas and rough winds."

But he said he never felt alone and thanked his cardinals and colleagues for their guidance and for "understanding and respecting this important decision."

Under a bright sun and blue skies, the square was overflowing with pilgrims and curiosity-seekers. Those who couldn't get in picked spots along the main boulevard leading to the square to watch the event on giant TV screens. Some 50,000 tickets were requested for Benedict's final master class, but Italian media estimated the number of people actually attending could be double that.

"It's difficult — the emotion is so big," said Jan Marie, a 53-year-old Roman in his first years as a seminarian. "We came to support the pope's decision."

With chants of "Benedetto!" erupting every so often, the mood was far more buoyant than during the pope's final Sunday blessing. It recalled the jubilant turnouts that often accompanied him at World Youth Days and events involving his predecessor, Pope John Paul II.

Benedict has said he decided to retire after realizing that, at 85, he simply didn't have the "strength of mind or body" to carry on. He will meet Thursday morning with cardinals for a final time, then fly by helicopter to the papal residence at Castel Gandolfo south of Rome.

There, at 8 p.m., the doors of the palazzo will close and the Swiss Guards in attendance will go off duty, their service protecting the head of the Catholic Church over — for now.

Many of the cardinals who will choose Benedict's successor were in St. Peter's Square for his final audience. Those included retired Los Angeles Cardinal Roger Mahony, the object of a grass-roots campaign in the U.S. to persuade him to recuse himself for having covered up for sexually abusive priests. Mahony has said he will be among the 115 cardinals voting on who the next pope should be.

Vatican officials say cardinals will begin meeting Monday to decide when to set the date for the conclave to elect the next pope.

But the rank-and-file faithful in the crowd Wednesday weren't so concerned with the future; they wanted to savor the final moments with the pope they have known for eight years.

"I came to thank him for the testimony that he has given the church," said Maria Cristina Chiarini, a 52-year-old homemaker who traveled by train early Wednesday from Lugo in central Italy with some 60 members of her parish. "There's nostalgia, human nostalgia, but also comfort, because as a Christian we have hope. The Lord won't leave us without a guide."

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Coral Gables native Martin Zweig, Wall Street wiz, dies in Florida

A decade before he foresaw the 1987 stock market crash, Coral Gables native Marty Zweig was already considered a Wall Street wizard.

Renown business journalist Dan Dorfman called him “the country’s hottest investment adviser” in 1981, his picture appeared on the cover of Money Magazine in 1982, and he was frequent guest on the PBS financial show Wall Street Week.

He wrote two best-selling books: Winning on Wall Street, in 1986, and Winning with New IRAs, in 1987.

On Oct. 19 that year, just as Zweig had predicted three days earlier on Wall Street Week, the market plummeted 23 percent.

Zweig, whose three-story Pierre Hotel penthouse is one of New York City’s most lavish residences, died Feb. 18 at another of his homes, on South Florida’s Fisher Island. He was 70. Zweig had been treated for cancer, and underwent a liver transplant in 2010 with tissue from his younger son.

Born Martin Edward Zweig on July 2, 1942, in Cleveland, he spent his formative years growing up in Coral Gables where he was known as Marty Gateman after his widowed mother remarried.

He attended Coral Gables Elementary and Ponce de Leon Junior High schools, was a Coral Gables High School varsity basketball player and track star — class of 1960 — and 2001 Cavalier’s school Hall of Famer.

Childhood friend Richard B. Bermont, a Miami financial adviser, remembered Zweig as a great poker player even in high school, “pretty much a jokester, and the ladies loved him.’’

He legally changed his last name back to Zweig when he was 21, after his mother and Dr. Gateman divorced, said former wife Mollie Friedman.

Zweig wrote that his interest in financial began when the 1948 Cleveland Indians were playing in the World Series.

“I was the kid who knew the most about the team and had a vague idea about what batting averages mean. I had begun to love numbers. Perhaps this was a tip-off that I’d later graduate to the market.’’

He earned a bachelor’s in economics from The Wharton School of the University of Pennsylvania in 1964, later an M.B.A. from the University of Miami and a doctorate in finance from Michigan State University.

In 1984, Zweig joined with stock picker Joe DiMenna, with whom he co-founded Zweig-DiMenna Partners, their first long/short hedge fund.

Zweig also created two closed-end funds traded on the New York Stock Exchange, according to his corporate biography: The Zweig Fund in 1986 and The Zweig Total Return Fund in 1988.

In his first book, he wrote: “When playing the market, remember you must deal with probabilities, employ sensible strategies to limit risk, and get aggressive only when conditions warrant.’’

He was as quirky in his private life as he was serious about investing. Stan Smith, a Fisher Island friend, said that last year, Zweig installed a “banana yellow’’ 1934 Packard convertible in his living room.

Zweig’s memorabilia collection includes the dress Marilyn Monroe wore to sing “Happy Birthday” to President John F. Kennedy in 1962, a pair of JFK’s silk pajamas, the suits The Beatles wore on the Ed Sullivan Show in 1964, Super Bowl rings, Heisman Trophies, Oscar statuettes and Gold Records; one of the Harley-Davidson Hydra-Glide motorcycles that actor Peter Fonda rode in the film “Easy Rider;” an outfit that Jimi Hendrix wore in concert; and the booking sheet from one of Al Capone’s arrests, and a letter written by baseball legend Mickey Mantle describing a sexual encounter at Yankee Stadium.

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Hialeah sugar firm Banah files for bankruptcy

A sugar processing company that brought hype to Hialeah after it moved into a 300,000-square-foot space last July — promising to hire up to 300 workers — has filed for bankruptcy protection.

The company’s move to its new headquarters even prompted Miami-Dade County to rename a stretch of Southeast 10th Avenue “Banah Sweet Way” in honor of the company. Several local leaders, including county Mayor Carlos Giménez, attended the naming ceremony.

But late last week, the company, which is owned by a convicted drug trafficker and which had sought taxpayer benefits from a government program promoting investments, left behind a line of outraged creditors. The company had only 15 employees.

Banah Sugar International Group Inc. reported that it owed between $1 million and $10 million to a list of 232 people and companies, according to public records.

The company’s administrative director, Luis Estrada, told El Nuevo Herald on Monday that the company’s owner, Alex Pérez, was meeting with company officials and added that he was not authorized to comment on the issue.

The bankruptcy was filed under Chapter 11, which allows for an attempt to reorganize the company. It allows the company’s management to continue day-to-day operations, but the bankruptcy court must make all the company’s important decisions.

On Monday, several creditors criticized Banah’s owner for failing to make payments.

“I feel frustrated and deceived,” said Alexander A. Pérez, owner of Florida Patrol Investigators (FPI), a Hialeah company that provided security services to the company. “They sent me checks that bounced, and we sued them.”

FPI’s owner said that the company owes him close to $70,000 for security services at Banah his company at 215 SE 10th Ave.

Hialeah’s mayor, Carlos Hernández, declined to comment on the sugar company’s bankruptcy filing, but he defended renaming Southeast 10th Avenue after the company, saying that Banah had promised to make significant investments in the area.

County spokesperson Fernando Figueredo said that Giménez had attended the ceremony “in good faith,” since its intention was to highlight an investment made in a 10-acre plant where 200,000 bottles of liquid sugar were supposed to be processed every day.

“The mayor knew nothing about the company’s background,” Figueredo said. “He attended because the company was creating jobs and was being recommended to be recognized in Hialeah.”

Hiram Mendoza, an aide to County Commission Chairwoman Rebeca Sosa, said that in 2012 Banah requested to be included in a program to receive county and state financial incentives. He added, however, that Banah did not meet the goal of creating 300 jobs it had promised. “They have not received any financial aid from the state or the county,” Mendoza said. “It’s true that they asked for it, but they did not meet the goals.”

Last year, Banah executives announced it would hold a job fair.

On Monday, Estrada said the company never had a job fair. Currently it has 15 employees, he said.

In October, Francisco Alvarado, a New Times reporter, revealed that in 2001 the federal government had indicted Banah’s owner on felony charges of conspiracy of cocaine possession and possession with intent to sell. Two years before, DEA agents had arrested two men with six kilograms of cocaine hidden in a vehicle. The men declared under oath that Pérez, Banah’s owner, had handed them the drugs.

In 2003, Pérez pleaded guilty of one of the charges and served four years in a federal prison.

Diego Leiva, Banah’s former executive director, said he was surprised by the bankruptcy. “I left the company when Pérez’s past came to light,” said Leiva, who is among the company’s creditors. “I didn’t know anything about that.”

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