‘Duffel man’ sought in Brooklyn slay spree

A mysterious man toting a duffel bag has been identified as a key “person of interest” in the Brooklyn serial-killer case — after surveillance video showed him at one and possibly two of the three slay scenes, law-enforcement sources told The Post yesterday.

Cops said they are eager to talk to the mustached man — whom they dubbed “John Doe Duffel Bag” — about the killings of three Middle Eastern shop owners, each shot with the same .22-caliber gun over the last four months.

The unidentified man, who is middle-aged, white and balding, was most recently caught on surveillance video, duffel bag in hand, at around 6 p.m. Friday near the Flatbush store where owner Rahmatollah Vahidipour, 78, was found dead at 7:11 p.m., cops said.

DOE EYED: "John Doe Duffel Bag" was apparently filmed near the 99-cent store where Isaac Kadare was killed and near the shop where Rahmatollah Vahidipour was slain.

Another video appears to show the same man near a Bensonhurst shop on Aug. 2 around the time its owner, Isaac Kadare, 59, was killed there, several sources said.

The duffel man has no known connection to the first murder — of shopkeeper Mohammed Gebeli, 65, in his Bay Ridge clothing store on July 6.

“We want to identify the man known as John Doe Duffel Bag,” said NYPD spokesman Paul Browne.

A law-enforcement source said, “The duffel-bag guy could be a perp, or he could be a witness.”

“Duffel Bag” was one of four people caught by surveillance cameras near Vahidipour’s murder. Cops released their images Sunday.

Browne said cops have learned two of them — a running man and woman — were a vendor and a woman who had allegedly stolen perfume from him.

The fourth, an older woman, has nothing to do with the case, Browne said.

The FBI’s famed serial-killer profilers have joined the hunt for the psycho.

“We’re talking to the FBI and going all out to stop these murders,” Police Commissioner Ray Kelly said as the combined reward for information about the killer hit $84,000.

Kelly said “it’s reasonable to assume” the killer conducted “reconnaissance” on the victims, all of whom were alone in stores that didn’t have cameras inside.

Money was stolen in the first two killings, but nothing was taken in the third. Vahidipour had $171 in his pocket, a source said.

The law-enforcement source speculated the killer spent weeks eyeing his targets.

“He’s very calculating and methodical. He’s going to these places numerous times over extended periods of times . . . casing them out,” the source said.

The source added that cops are poring over the victims’ phone records, looking at “the possibility the perp may have phoned them.”

“When it was just the first two cases, I thought it was a straight-up robbery,” the source said. “Now, with the third one, it’s like, ‘Ha, ha. I did it again.’ It’s something else now.”

Kelly said cops were not ruling out the chance the “8’s” in the shops’ addresses — or the victims’ Middle-Eastern origins — factored into the killer’s motivation.

Vahidipour’s grandson, who declined to give his name, fumed, “I hope they find the guy and God gives him justice!”

Brooklyn DA Charles Hynes said, “There is nothing about the victims that would suggest anything other than they were just the victims of a random execution.”

Additional reporting by Kirstan Conley, Kieran Crowley, Dan MacLeod, Jennifer Bain, Ikimulisa Livingston

dan.mangan@nypost.com

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Growing middle class feeds spirits business in Latin America

Diageo executive Randy Millian is proud of the fact that eight out of every 12 times someone pours a standard or premium whiskey in the Latin American and Caribbean region, they’re drinking one of his company’s brands.

That kind of dominance is why the spirits giant is bullish on its future in Latin America, which recently has been the fastest growing region for Diageo worldwide. In 2012, the Latin America and Caribbean region represented 12 percent of Diageo’s net worldwide sales and 11 percent of the company’s operating profit. Diageo hopes Brazil will become one of its top three markets by 2017, behind the U.S. and the United Kingdom.

But getting there hasn’t been easy. During periods of economic and political unrest in the region over the last decade, there were times when it would have been more profitable for Diageo to pull back, said Millian, president of Diageo Latin America and the Caribbean. Yet, the company focused on growing its scotch business across the region and it paid off. Over the last eight years, Diageo has increased sales more than two and a half times and almost tripled its operating profit.

“I believed it would get good,” said Millian, who supervises more than 3,000 employees across the region and 119 in Miami. “But I’m not sure I realized it would get this good.”

Millian has been running the region out of Diageo’s Miami office for more than a decade. But he’s also no stranger to this part of the world. He first lived in Argentina as a child and during his career has done stints in Venezuela, Brazil, Mexico and Costa Rica.

The Miami Herald sat down with Millian during a media day, which was part of a Diageo investor conference in Miami spotlighting the success in the Latin American and Caribbean region. Here is some of what Millian had to say:

Q. Has your growth over the last decade been comparable to Diageo’s growth around the world?

We would definitely be in the top positions in the league within Diageo. That’s one of the reasons they’re focusing on us. Like many corporations, the emerging markets have a huge potential for growth. I’m including Asia-Pacific, Africa and Latin America. We are seeing higher growth rates than we are seeing in the developed world, especially Europe. Although the U.S. is starting to come back, the growth rates in the emerging markets are significantly higher.

Q. What is driving the growth Diageo is experiencing in Latin America?

The improved demographics. You now have over 50 percent of the population who is middle class. You have had an increase in spending. Not only are there more people in the middle class, but you have more people in the (upper) class. We expect over the next year to have 60 million more people in the (upper) class. They’re also learning to spend money in different ways.

Q. In what countries do you see the most growth or most opportunities for future growth? Is Brazil the main focus?

There has been broad growth in Brazil, Colombia, Mexico, Chile and Peru. We have seen it all over, but those would be the ones we’re focusing on. It’s not just Brazil, it’s throughout the region.

Q. Why did you remain committed to this region over years when there was not a lot of growth and there was a lot of political and economic unrest in some countries?

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New House speaker faces post-election challenges

TALLAHASSEE --
Few state institutions bear a more distinct imprint of recent Republican hegemony than the Florida House of Representatives.

It launched the political career of U.S. Sen. Marco Rubio, who served as its speaker four years ago. Its members have passed some of the most conservative bills in the nation. And since 2006, it has nurtured the career of Will Weatherford of Wesley Chapel.

On Tuesday, Weatherford will be sworn in as, at 33, the youngest speaker of the House in recent Florida history and the first speaker from Tampa Bay since 2004. He’ll preside over a chamber where Republicans have an overwhelming 76-44 majority. The son-in-law to former House Speaker Allan Bense, Weatherford looks like the latest model in a long, unbroken line of GOP speakers.

But these are also somewhat humbling times for House Republicans. On Nov. 6, they lost five seats and their veto-proof majority, punctuated by the shocking defeat of the person who had been picked to succeed Weatherford as speaker in 2014, Chris Dorworth.

“There’s no question that the state moved more toward the center,” said incoming Minority Leader Perry Thurston, D-Plantation. “This will change things, make it more bipartisan than it has been for quite a while.”

The moment may be tailor-made for Weatherford, a block of a man and former defensive end at Jacksonville University who has developed a reputation for playing nice with both parties.

“If there’s one thing I’d like to achieve is to be an inclusive reformer for the Florida House,” Weatherford told reporters last week. “To make sure we’re working with our friends across the aisle, that we’re allowing for everyone’s voice to be heard and to participate, but at the same time, don’t let that stifle us from moving forward with real reforms and dealing with the challenges that Florida has before us.”

Make no mistake: Weatherford will continue to push a conservative, pro-business agenda that could have been authored by the Florida Chamber of Commerce.

He wants new state employees to enroll in 401(k)-style retirement plans rather than the current pension system, which provides guaranteed payments from the state. While it’s sure to alienate unions and spark a legal battle, Weatherford can’t say how much it will save the state. He says pensions are a “ticking time bomb” in state finances — despite no evidence of the sort.

He’ll push hard for a bigger commitment to online education and easing corporate taxes on small businesses. He toes the Republican party line on the Affordable Care Act, is closely aligned with incoming Senate President Don Gaetz and publicly supports Gov. Rick Scott, albeit with measured language.

“His focus is on the right thing, which is getting unemployment down, making sure we have a fully funded education system,” Weatherford said. “He’s talking about the right things.”

But he disagrees with Scott on tuition. While Scott opposes tuition increases, Weatherford sides with universities, saying they are necessary to cover costs.

“We have universities that if given more flexibility with tuition, they can go to great heights,” he said.

His biggest break is one of style. His predecessor, Dean Cannon, ran the House with strict efficiency that bruised the feelings of marginalized Democrats while allowing Republicans to run roughshod with legislation that, during the tea party ascendency, opposed Obamacare, the stimulus and early voting. Since the spring, Weatherford has signaled he will run the House differently.

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Justin Bieber Wins Big at American Music Awardss

Justin Bieber gave an emotional thank you to his mom, Pattie Mallette, who stood on stage with the pop star as he accepted Artist of the Year, his third award of the evening, at the culmination of the 40th annual American Music Awards Sunday in Los Angeles. 

The Biebs, who brought his mother along as his date for the show, took home the first and the last award of the night, (Favorite Pop/Rock Album and Artist of the Year, respectively) as well as Favorite Pop/Rock Album for Believe.

Fierce & Fabulous: The 2012 AMA Red Carpet

Nipping at his heels with two wins this year, Nicki Minaj nabbed the awards for favorite rap/hip hop album (Pink Friday: Roman Reloaded) and favorite rap/hip hop artist.

The big-winning twosome also graced the stage to sing (once with each other) hits from their current albums. Taylor Swift, Christina Aguilera, No Doubt, Usher, Carly Rae Jepsen, Carrie Underwood, Kelly Clarkson, and Pink also made the night memorable with elaborate, theatrical performances.

Recently departed Dick Clark, who created the show forty years ago, was honored by Stevie Wonder with a variety of songs. Whitney Houston was also fondly remembered by singer Brandy, who introduced a brief tribute to the late artist.

Here's a rundown of all the winners honored at the 40th annual American Music Awards tonight:

Artist of the year: Justin Bieber

New artist of the year: Carly Rae Jepsen

Pop/rock female artist: Katy Perry

Country female artist: Taylor Swift

Pop/rock male artist: Justin Bieber

Pop/rock band, duo or group: Maroon 5

Country male artist: Luke Bryan

Country band, duo or group: Lady Antebellum

Soul/R&B male artist: Usher

Soul/R&B female artist: Beyonce

Alternative rock artist: Linkin Park

Adult contemporary artist: Adele

Artist, Latin: Shakira

Artist, electronic dance music: David Guetta

Artist, contemporary inspirational: tobyMac

Rap/hip-hop artist: Nicki Minaj

Pop/rock album: Justin Bieber, "Believe''

Rap/hip-hop album: Nicki Minaj, Pink Friday: Roman Reloaded

Country album: Carrie Underwood, Blown Away

Soul/R&B album: Rihanna, "Talk That Talk''

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Israeli strikes bring bloodshed in Gaza; President Obama pushes for ceasefire

REUTERS

Smoke and explosion are seen after Israeli air strikes in Gaza City Monday.

GAZA CITY, Gaza Strip — An Israeli missile ripped through a two-story home in a residential area of Gaza City on Sunday, killing at least 11 civilians, including four young children and an 81-year-old woman, in the single deadliest attack of Israel's offensive against Islamic militants.

A similar scene unfolded elsewhere in the city early Monday, when an airstrike leveled two houses belonging to a single family, killing two children and two adults and injuring 42 people, including children, said Gaza heath official Ashraf al-Kidra. Rescue workers were frantically searching for 12 to 15 members of the Azzam family under the rubble.

While the airstrikes relentlessly targeted militant rocket operations, Israeli gunboats unleashed a steady tattoo of heavy machine gun fire and shells at militant facilities on Gaza's coastal road.

The bloodshed was likely to raise pressure on Israel to end the fighting, even as it pledged to intensify the offensive by striking the homes of wanted militants. High numbers of civilian casualties in an offensive four years ago led to fierce criticism and condemnation of Israel.

In all, 81 Palestinians, about half of them civilians, have been killed in the five-day onslaught and 720 have been wounded. Three Israeli civilians have died from Palestinian rocket fire and dozens have been wounded..

President Obama said he was in touch with players across the region in hopes of halting the fighting, while also warning of the risks of Israel expanding its air assault into a ground war.

"We're going to have to see what kind of progress we can make in the next 24, 36, 48 hours," Obama said during a visit in Thailand.

U.N. chief Ban Ki-moon urged the two warring parties to achieve an immediate cease-fire. He said he was heading to the region to appeal personally for an end to the violence, but no date was given in the U.N. statement for his arrival.

On the ground, there were no signs of any letup in the fighting as Israel announced it was widening the offensive to target the military commanders of the ruling Hamas group.

The Israeli military carried out dozens of airstrikes throughout the day, and naval forces bombarded targets along Gaza's Mediterranean coast. Many of the attacks focused on homes where militant leaders or weapons were believed to be hidden.

Palestinian militants continued to barrage Israel with rockets, firing more than 100 on Sunday, and setting off air raid sirens across the southern part of the country. Some 40 rockets were intercepted by Israel's U.S.-financed "Iron Dome" rocket-defense system, including two that targeted the metropolis of Tel Aviv. At least 10 Israelis were wounded by shrapnel.

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South Florida guide to corporate gift giving

Holiday gifts to clients and colleagues can help you strengthen both business relationships and your brand. While flashing your logo at holiday time seemed insensitive back when droves of people didn’t have jobs, manufacturers — several based in South Florida — have responded with more creative ways to include branding on some very usable products that people can actually enjoy.

What’s more, some companies are coming up with highly customized gifts, whether geared to personal allergies (seems the universe has gone gluten-free) or even philanthropic affinities, so your recipients can feel good about indulging.

“This year in corporate gifting, people are trying to stand out and not give the typical branded gear, such as pens and mugs,” says Dana Holmes, editor of Gifts.com. “And people are selling unique and creative ideas — both with and without logos. People are thinking about who they’re supporting, looking local, and they want to feel more connected to the things they buy.”

Here are some ideas to help your search for thoughtful gift giving.

Ginny Bakes Holiday Boxes: This season, more people are avoiding gluten than they are the annoying office braggarts, so you can sweeten any holiday party by sending a holiday box packed with cookies made in Miami, from ingredients such as dark organic chocolate, preservative-free nuts and fruit as well as gluten-free oat flour. Ginny Bakes will deliver to any door holiday box collections such as the Chocolate Love variety, packed with Chocolate Chip Macadamia, Double Chocolate Happiness and Chocolate Chip Oatmeal Bliss flavors. The box arrives wrapped and ready to eat. $34; www.ginnybakes.com.

Courtly Check Candy Cottage: Hey big spender, this illuminated tabletop cottage costs just a bit less than the down payment on actual real estate, but the impact is earth-shattering. It’s not edible (think eye candy), but the hand-crafted house, with a glass-candy covered roof, a delicate wreath and tufted walls is a numbered, festive collector piece. No two are alike — even though it’s unlikely your client will get more than one this holiday season. $9,900; www.mackenzie-childs.com.

Feed 8 Godiva collections: For professionals who crave both chocolate and charity, Godiva has partnered with FEED, a nonprofit sustenance organization for children, to provide eight school meals to kids in cocoa producing regions for every box sold. Each one contains eight chocolates in four flavors: Ecuador Dark 71%, Costa Rica Milk 38%, Uganda Dark 80% and Venezuela Milk 43%. All are made with beans from its country of origin. $25 Godiva; 19575 Biscayne Blvd., Miami, 33180.

Crystal Custom Eyewear: Bravo executive Andy Cohen wore them on national television and Miami Heat star Dwyane Wade had them at his birthday in Miami Beach, but the concept of personalized sunglass lenses was created in downtown Miami. Advertise your office catch phrase or logo across the lenses because these glasses can display the message you want your customers to see. They come in nine colors (including blue, red and pink) as well as three styles: Ray-Bay, Wayfarer and Aviator, all with 100 percent UV protection. $14.99 for a single pair or buy 100 pairs for $3.45 each, www.crystalcustom.com.

Dolce Shot: Replace everyone’s office coffee break with a Made-in-Miami energy shot that comes both packaged and packed with our city’s essence. Inside, the South Beach-style cans are one of three flavors: Splash (a crisp lemon-lime) Rise (cherry explosion) and Citrus (orange bite.) All come in two-ounce servings that are equivalent to an 8-ounce drink, with concentrated ingredients such as amino acids, vitamins B2, B3, B5, B6, B12 and 80-milliliters of caffeine — about the amount in a cup of coffee. $24.99 for a case of 12; www.dolceshot.com.

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Interfaith Thanksgiving service planned for Wednesday night

Members of various faiths in Coral Gables will come together at 7 p.m. Wednesday in a spirit of unity for the annual Thanksgiving Eve Interfaith Worship Service hosted by Coral Gables Congregational United Church of Christ, 3010 De Soto Blvd., across the street from the Biltmore Hotel.

The Rev. Dr. Laurinda Hafner, senior pastor of the church said, "We invite everyone - no matter who you are or where you are on life’s journey — to a Spirit-filled service that celebrates with words and music the connections found through the awesome diversity, work and fellowship of our community."

The service will be followed by a time of friendship and refreshments that will include a variety of seasonal muffins and preserves and hot cider.

All are welcome.

Nurcracker jazz

The Henry Mancini Institute Orchestra at the University of Miami Frost School of Music, will present a dance-inspired program featuring Duke Ellington’s Nutcracker Suite, at 8 p.m. on Nov. 30, at the university's Gusman Concert Hall, 1314 Miller Dr.

According to Terence Blanchard, artistic director of the Henry Mancini Institute at the university, the work is an upbeat, multi-movement jazz interpretation of "The Nutcracker," by Tchaikovsky, created in 1960 by Duke Ellington and his musical collaborator Billy Strayhorn.

The concert is entitled "Terence Blanchard Presents: A Concert of American Music," and will feature Aaron Copland’s Appalachian Spring, a ballet suite for 13 instruments inspired by ballet music that Copland composed for famed dancer and choreographer Martha Graham in 1944, and two world premieres by Henry Mancini Composition Fellows David Pegel and Rafael da Lima de Piccolotto.

At 7:15 p.m. Blanchard will host a pre-concert talk for young people involved in the institute’s community outreach program, HMI Outbound.

Scott Flavin, resident conductor of the Henry Mancini Institute Orchestra and Stephen Guerra, managing director of the Henry Mancini Institute, will conduct the concert.

Tikets are $15 for adults, general admission and $10 for seniors and children and may be purchased via the Frost School’s website, www.music.miami.edu/concerts or by calling 305-284-2400.

‘A Taste of Dance’

The Karen Peterson Dance Company will present "A Taste of Dance," at 7 p.m. on Dec. 1, at Excello, 8700 SW 129th Terr. The event is a fundraiser for the 2013 KPD mixed- ability educational projects.

The cost is $35 per person online at www.karenpetersondance.org and $40 at the door. Call 305-298-5879 for more information.

LGBT seniors

The critically acclaimed documentary "Gen Silent," by filmmaker Stu Maddux, will be screened at 7:30 p.m. on Nov. 27, at the Miami Theater Center, 9806 NE Second Ave. in Miami Shores.

The documentary addresses the question, "Do LGBT seniors need to go back in the closet?" because many LGBT seniors face the heart-wrenching decision of whether to enter a nursing home.

The program is presented by Creative Arts Enterprises, in association with Treece Financial Group, and is free and open to the public.

The screening will be followed by a panel of local experts who will address the issues discussed in the film. To view a trailer, go www.gensilent.com. For more information call Ellen Wedner at 305-573-6477 or email her at wednerfriend@hotmail.com. You may also call Michael Vita at 786-586-4286 or email him at michael@davidtreece.com.

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Buzzmakers: Lindsay Lohan Comes Clean & Janeane Marries

What had ET readers buzzing this week?

1. Janeane Garofalo: I Didn't Know I was Married!

Sometimes what happens in Vegas actually does stay in Vegas -- at least for two decades. Funny girl Janeane Garofalo is claiming she's been married for 20 years, and didn't even know it!

The Reality Bites actress told the New York Post that she and Big Bang Theory producer Rob Cohen decided to wed at a Las Vegas drive-thru chapel but never thought it would stick. "Rob and I got married, for real, which we had to have a notary dissolve not 30 minutes before we got here tonight," Garofalo said at the New York Comedy Festival reunion for The Ben Stiller Show. "We were married for 20 years until this evening."

Garofalo, 48, further explained, "We got married drunk in Vegas. ... We dated for a year, and we got married at a drive-through chapel in a cab. [We thought], 'You have to go down to the courthouse and sign papers and stuff.' So, who knew? We were married, and apparently now that [Rob] is getting married for real, his lawyer dug up something." Cohen, 63, joked, "I'm gonna get all of that Reality Bites money!"

2. Miley Cyrus: My Dad Knows Nothing

In speaking with ET's Christina McLarty, Miley Cyrus cleared up rumors that she and fiance Liam Hemsworth were planning multiple weddings, started by her dad.

According to Miley, she hasn't even set one wedding date, let alone the three ceremonies that Billy Ray told Us Weekly were going to take place.

"My dad knows nothing," Miley says, pointblank. "I think he's getting cabin fever from [Superstorm Sandy]. He got stuck in his hotel and now he's making up crazy things." Billy Ray has been in NYC, performing in a Broadway production of Chicago.

The 19-year-old singer/actress goes on to admit that the apple doesn't fall far from the tree.

"He does what I do: When he's sitting in a press thing, he's like, 'Let's make this fun. Let's make some stuff up,'" Miley says.

Even with this recent flub, Miley does thank her parents for doing a good job of raising her, saying, "My parents have never been super strict, and people could think that's bad or good, but people that judge me or say that I'm, like, crazy -- they don't know half the stuff their kids are doing."

3. Stephanie Bongiovi Drug Charges Dropped

Stephanie Bongiovi, Jon Bon Jovi's 19-year-old daughter, will not be charged after reportedly overdosing on heroin in her dorm at Hamilton College in New York.

According to a statement from the Kirkland Town Police Department, a female [presumably Bongiovi] was found unresponsive by an ambulance crew sent to the college early Wednesday, after a report that a female had apparently overdosed in the school's largest dorm.

Although Bongiovi and 21-year-old Ian Grant were charged with drug possession, the charges have now been dropped.

Citing section 220.78 titled "Witness or victim of drug or alcohol overdose" of New York State Penal Law -- which states that a person who seeks health care for someone who is experiencing a drug or alcohol overdose or other life threatening medical emergency, as well as the individual who has overdosed or who was experiencing such life threatening medical emergency, can't be prosecuted for the possession of heroin weighing less than 8 ounces or possession of any amount of marijuana -- police said that neither Bongiovi or Grant can be charged.

There has been no statement from Jon Bon Jovi at this time.

4. Dina Lohan Addresses Cocaine Accusation

Did Lindsay Lohan lie about her mother having an alleged cocaine problem? Dina Lohan sets the record straight for ET's Christina McLarty.

"Absolutely lied. We were having an argument, it escalated," explains Dina of their October altercation which was recorded by her father, Michael Lohan. "She just wanted to hurt me at that moment. You know, mothers [and] daughters, we fight."

Dina tells Christina that it pained her to see that private family moment "go public and viral." As for accusations that she uses cocaine, Dina replies, "I hate cocaine. I don't do cocaine."

After Lindsay proclaimed that she was not being truthful about her accusations against her mother about cocaine use, Dina says, "I'm so proud of her for telling the truth because it destroyed me. I mean, I cried for weeks. It just hurt me so bad and she knew how horrible that was, and she came clean and told the truth that she lied. I'm very proud of her for that, which is very difficult to have to do."

Dina adds, "There's so much more to the story than the public sees, and it takes its toll on my children and myself, and we're just trying to move forward." Watch ET for more with our exclusive Dina Lohan interview.

5. Big Bang Cast Leads Call Me Maybe Flash Mob

Fans of The Big Bang Theory might logically assume that the cast of the hit CBS comedy has as many laughs on-screen as off. But now there is concrete proof as Kaley Cuoco just revealed in this clip of cast and crew members surprising showrunners with a flash mob of Carly Rae Jepsen's viral hit Call Me Maybe!

Kaley explains on The Big Bang Theory's Facebook page that the idea was hers and that she recruited her sister Bri to choreograph the impromptu number, which occurred during a taping on October 23 in front of a live audience.

The clip shows how the prank was carried out with secrecy and precision, with the cast re-assembling on the set immediately after the flash mob to resume taping and to hear star Jim Parsons sum up the event with one of his character Sheldon Cooper's favorite words, "Bazinga!"

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Readers thinking about matters of life and debt

John Crudele

DEAR JOHN...THE ANSWER MAN

Dear John: It would actually be much better if the Federal Reserve dropped cash from a helicopter because of the propensity to spend among regular people. W.K.

Dear W.K Sure, until bread reached $10 a loaf and Twizzlers — the product by which I measure all others — get to $20 a bag.

Or they could just give people money through so-called “tax rebates” as they’ve tried in the past. The only problem is, Americans have suddenly adopted the religion of saving and put a lot of that rebate money into the bank or paying down debt.

Plus, rebates added to the national debt — which, you’ve probably heard, is a bad thing.

So instead, the Fed created what is essentially a separate electronic currency that does nothing but buy bonds that nobody else wants. That did bring interest rates down, which has hurt people who have saved their money and now rely on interest income.

It has helped people refinance mortgages and buy homes — to some extent. But that benefit hasn’t been enough to get the economy rolling again.

And besides, dropping money from helicopters wouldn’t be very eco-friendly.

Dear John: I’ve been reading your column for what seems like forever.

Aside from ethics, what is the downside if the Fed were to burn the student debt, which now totals $1 trillion and is 90 percent owed to the government?

They would lose the interest income, but would that be offset by the increase in spending by the current and past students? I suspect I am missing something. Joe in NM

Dear Joe in NM What you are suggesting is really nothing more than the government has asked banks to do with mortgages — reduce the amount owed by homeowners whose mortgages are now higher than the value of their homes.

If Washington wants, I’ll strike the match that incinerates student debt.

But that debt has been bundled into securities, which have been bought by investors. Who pays the investors? And if you say, “Screw the investors,” then those investors will have less spendable income.

So the students (and their parents) would benefit from the bonfire, but investors would lose. The net effect on the overall economy would be a wash.

Plus, you’ve destroyed the ability to securitize the student debt. And that will make lending money to students in the future impossible.

But really, crazier things have been proposed. So good for you for thinking of something new.

Send your questions to Dear John, The NY Post, 1211 Ave. of the Americas, NY, NY 10036, or john.crudele@nypost.com.

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Panama Canal’s $5 billion makeover could be boon for South Florida

PANAMA CITY, Panama --
Huge yellow dump trucks resemble Tonka toys in a sand pile as they haul tons of rust-colored dirt and basalt rock from a 56-foot gash in the earth that will become a new access channel in the $5.25 billion expansion of the Panama Canal.

The trucks keep rumbling up muddy terraced slopes as a quick-moving storm blurs the horizon. The rain chases away workers pouring concrete for a mammoth set of locks that will lift super-size ships for their transit across the narrow Isthmus of Panama, but the crews are back in the pit as soon as the sun returns.

By April 2015, it will all be under water — ready for the ever-bigger vessels revolutionizing international trade. The expansion is expected to double the canal’s capacity.

The 2015 target is about six months behind schedule, but U.S. ports are still scrambling to ready their channels for so-called post-Panamax ships and some say they welcome the reprieve. At this point, Baltimore and Norfolk, Va. are the only ports along the Eastern Seaboard with channels deep enough to handle the vessels when they’re fully loaded.

Call it the race for deep water as ports up and down the East Coast, including PortMiami and Port Everglades, and along the Gulf of Mexico make plans to dredge their channels, shore up their docks or rustle up funding for renovations to receive the big ships. Many won’t be ready by the time water floods the new locks.

PortMiami in position to cash in

PortMiami is further along than most and is hoping that early advantage and its position as the first major U.S. port north of Panama will make it a preferred port of call for post-Panamax ships.

Latin American and Caribbean ports also are trying to figure out how to capitalize on the expansion.

As this new phase of canal construction nears completion with 13,000 people working around the clock, there is renewed interest in preserving the history of the old Panama Canal Zone as well as the legacy of those who worked and died building the canal.

While the 50-mile-long Panama Canal has provided a maritime shortcut between the Atlantic and Pacific for the past 98 years, it’s just about maxed out.

This year vessels from the four corners of the globe — car carriers from Japan, bulk carriers loaded with soybeans and wheat from the U.S. heartland, oil tankers, towering container ships carrying the output of Chinese factories to U.S. retailers — are expected to move a record 332 million tons of cargo through the waterway, said Jorge L. Quijano, chief executive of the Panama Canal Authority.

That’s only about 20 million tons short of the canal’s capacity, he said. The canal is also popular with cruise lines and dozens of cruise ships are being built that exceed the size limits of the current canal.

But the more immediate problem is that the huge cargo ships increasingly favored for trade with Asia are too wide, too long and too heavy for the current canal.

With a growing number of ships in the post-Panamax category — exceeding the specifications for the largest ship that can fit through the existing locks — the Panama Canal must expand or risk losing market share.

And post-Panamax vessels aren’t even the biggest on the high seas. Post-Panamax Plus ships, such as most U.S. tankers that carry liquefied natural gas bound for Asia, are five times too big for the Panama Canal.

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