Click the play button above to hear the radio segment from The Sunshine Economy: Jobs on September 9 with host Tom Hudson. The show airs every Monday at 9 a.m. on WLRN 91.3 FM.
Half of the paychecks of Floridians are smaller today than they were in 2004. Thanks to a wicked combination of fewer working hours and the financial erosion of inflation, the median hourly wage in Florida is $0.63 less than what it was eight years ago, according to a recent study by the Research Institute on Social and Economic Policy at Florida International University.
Homeowners covered by Citizens Property Insurance Corp. will see an average rate increase of 6.3 percent next year.
The increase, approved Monday by the Office of Insurance Regulation, is down from a 7.9 percent hike requested on the combined personal-lines and coastal accounts. Citizens officials previously said a 7.9 percent increase wouldn't be enough to cover the projected costs for next year.
A TV antenna the size of a dime. That's it below, on the right. Long gone are the days of the RCA console television in your grandparent's (or great grandparent's) living room with two silver rods jutting out at all angles as you squint through the "snow" to catch a glimpse of Looney Tunes.
Thanks to high speed Internet connections and cloud computing, Aereo is disrupting the traditional TV and cable business like very few.
Originally published on Tue September 10, 2013 5:22 pm
South Florida-based Spirit Airlines is known for being cheap. It boasts "ultralow" base fares and then charges for items such as carry-on luggage or printing out your boarding pass at the airport.
That thrift carries over to Spirit's advertising. Even compared with other low-cost airlines, Spirit spends almost nothing on ads. And yet the company makes a surprising splash with its campaigns. A visit to Spirit headquarters reveals the secrets of its marketing.
Jimmy Choo at Sawgrass Mills. Hermes in the Design District. Even Marky's Caviar in Miami Gardens. South Floridians are welcoming luxury retailers with open arms just like Britto's "Welcome" sculpture greets shoppers near Dadeland Station in the photo on the right.
Luxury retailing in South Florida is expanding beyond its traditional glitzy locations and stretching to include not just shoes and accessories, but also shoppersâ€™ appetites.
Of course you shop online. You're a digital consumer. You're on the Internet right now. You are a savvy shopper, looking for the right product at the right price and you want it fast and easy. Point, click, buy.
But you're in the minority. The vast majority of retail sales across the nation take place at brick and mortar stores. While Americans spend about $1 trillion per quarter in the retail industry, only a nickel of every dollar is spent online. But in the fight between online and in-store retailing, online spending is growing faster, much faster.
One square foot is not a lot of space. You can fit a pair of shoes in one square foot. But, if you are a luxury retailer at Bal Harbour Shops in Bal Harbour, you sell $2,800 worth of merchandise per square every year. That's six times what the average shopping center generates in the same amount space.
In the 1970â€™s it was water beds. In the 1980â€™s, Keith Koenig sold dinette sets. Now itâ€™s couches and entertainment centers.
Koenig and his brother began what would become City Furniture in 1971. He has seen plenty of cycles in the South Florida economy, as well as how consumer tastes impact his business. Housing booms and housing busts. A growing population. And wicker. Koenig has a unique perspective at the intersection of two industries: real estate and retail. His outlook? Â Very positive.
When Jeffrey Preston Bezos graduated from Miami Palmetto Senior High in 1982, he had big plans to change the world.
The valedictorian, National Merit Scholar and Silver Knight award winner for science told the Miami Herald he wanted to â€śbuild space hotels, amusement parks, yachts and colonies for two or three million people orbiting around the earth.â€ť
Eventually, his grand plan included getting everybody off the blue planet and turning it into a big park of sorts.
Five years and more than $650 million into refurbishing and building nuclear reactors, Florida Power & Light officials told regulators Monday that it canâ€™t guarantee what new reactors will cost consumers, when the reactors will deliver energy, or even if it will get a license to finish the job.
Despite the uncertainty, the stateâ€™s largest electric company asked regulators to allow it to continue to charge customers to pay for the prospective expansion of the Turkey Point plant on Biscayne Bay in south Miami-Dade County.
Designing high fashion is an art. So is making those designs into dresses.
Designer Rene Ruiz does both from a low-slung building in Hialeah. His factory is tucked in with furniture makers and hurricane shutters installers. About 50 people work there making dresses for Ruiz's well-heeled clients in South Florida and for his dresses destined forÂ NeimanÂ Marcus stores.