economics

Economics
2:34 pm
Wed October 16, 2013

Why U.S. Taxpayers Pay $7 Billion A Year To Help Fast-Food Workers

New York City Council speaker and then-mayoral candidate Christine Quinn speaks at a fast-food workers' protest outside a McDonald's in New York in August. A nationwide movement is calling for raising the minimum hourly wage for fast-food workers to $15.
Richard Drew AP

Originally published on Wed October 16, 2013 4:48 pm

If you hit the drive-through, chances are that the cashier who rings you up or the cook who prepared your food relies on public assistance to make ends meet.

A new analysis finds that 52 percent of fast-food workers are enrolled in, or have their families enrolled in, one or more public assistance programs such as SNAP (food stamps) Medicaid or the Children's Health Insurance Program (CHIP).

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The Sunshine Economy
7:00 am
Wed October 16, 2013

Public Debt On TSE: Lining Up Lenders for Landing

Credit Tom Hudson

Click the play button above and listen to this segment from WLRN's hour-long episode, "The Sunshine Economy: Public Debt," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. Shows air Mondays at 9:00 a.m. on 91.3 FM.

The federal government may be partially shut down and flirting with an unprecedented debt default but the Broward County Aviation Department had no trouble borrowing $450 million this month.

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Business
11:52 am
Mon October 14, 2013

Miami To NY Hedge Funds: We’re Ready For You Now

Miami Downtown Development is trying to lure hedge funds to Miami with assistance from developer Nitin Motwani (left) and Miami City Commissioner Marc Sarnoff (right).
Credit CARL JUSTE / MIAMI HERALD STAFF

Miami hopes to lure hedge funds out of New York with an updated twist on a familiar message: Come south for warm winters, zero state or city income tax and -- finally -- a downtown worthy of Wall Street’s elite.

“It’s really showing the maturity of our city,’’ said Nitin Motwani, a Miami developer and board member of the Downtown Development Authority. “The more people get familiar with what is happening in Miami — the real Miami — the more people are going to say, ‘I’m going to give Miami a shot.”

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The Sunshine Economy
7:00 am
Fri October 11, 2013

Broward County Isn't Bleeding Jobs Anymore But Hiring Has Stalled

Click the play button above and listen to this segment from WLRN's hour-long episode, "The Sunshine Economy: Public Sector Employment," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. Shows air Mondays at 9:00 a.m. on 91.3 FM.

Animals and transportation. Those are two areas Broward County Administrator Bertha Henry says residents would like to expand county services. And while the county has seen its finances improve as the housing market has recovered somewhat, the county is not looking to expand its workforce.

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The Sunshine Economy
7:00 am
Thu October 10, 2013

Why The U.S. Should Pay People To Dig Holes And Fill Them Up To Create Jobs

Prof. Paul Krugman
Credit Tom Hudson

Click the play button above and listen to this segment from WLRN's hour-long episode, "The Sunshine Economy: Public Sector Employment," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. Shows air Mondays at 9:00 a.m. on 91.3 FM.

Paul Krugman is a lightning rod for economic criticism. He's used to it. For several years Krugman has argued in his New York Times columns for more government stimulus spending, not less.

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Banking
4:24 pm
Wed October 9, 2013

Obama Nominates Janet Yellen To Head Federal Reserve

President Obama claps during a press conference to nominate Janet Yellen to head the Federal Reserve in the State Dining Room at the White House on Wednesday.
Win McNamee Getty Images

Originally published on Wed October 9, 2013 4:49 pm

Saying "American workers and families will have a champion in Janet Yellen," President Obama officially nominated her to chair the Federal Reserve, once Ben Bernanke completes his term in January.

Yellen "is the kind of person who makes everybody around her better," Obama said, adding that Yellen is "extremely well qualified" and "renowned for her good judgement."

Obama made the announcement at the White House on Wednesday, flanked by Yellen and outgoing Fed chief Ben Bernanke. If confirmed, Yellen will be the first woman to head the American central bank.

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The Sunshine Economy
11:33 am
Wed October 9, 2013

Miami-Dade Mayor: Some County Workers Are Overpaid, Underworked

The view looking south from Mayor Gimenez's office at Government Center in Miami. He has a view of the booming Brickell neighborhood, one of the hottest real estate areas in South Florida.
Credit Tom Hudson

Click the play button above and listen to this segment from WLRN's hour-long episode, "The Sunshine Economy: Public Sector Employment," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. Shows air Mondays at 9:00 a.m. on 91.3 FM.

Mayor Carlos Gimenez started his career as a government employee in 1975. He's still one today, but with a very different perspective. From a firefighter to mayor of Miami-Dade County, he now leads over 25,000 full-time public sector employees.

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Business
8:20 am
Tue October 8, 2013

Gambling Study Raises Doubts At Florida Senate Hearing

Credit z4x7.blog.com

A massive expansion of gambling throughout Florida could boost state coffers by $1 billion a year instead of a $22 million loss previously estimated, authors of a gaming study told a Senate committee on Monday.

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Education
7:00 am
Tue October 8, 2013

Q&A With Paul Krugman: How Illiteracy In Economics Impacts U.S. Politics

Prof. Paul Krugman
Credit Tom Hudson

Since 2008, Nobel Prize-winning economist and Princeton University professor Paul Krugman has been a loud and consistent voice calling for more government stimulus to help the American economy recover from the Great Recession, induced to a large extent by the financial implosion on Wall Street.

RELATED: The Sunshine Economy: Public Debt

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The Sunshine Economy
6:00 am
Tue October 8, 2013

The Sunshine Economy: Searching For Work In South Florida

Sal Clemente
Credit Tom Hudson

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.

One cost of the federal government slowdown is a delay in the monthly checkup on the nation's job market. The September unemployment report was due out Friday morning, but U.S. statisticians are among those on leave until there is an agreement on funding the government.

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The Sunshine Economy
11:00 am
Mon October 7, 2013

The Sunshine Economy: Public Sector Employment

Lauderhill Police Chief Andrew Smalling
Credit Tom Hudson

Click the play button above and listen to WLRN's hour-long special, "The Sunshine Economy: Public Sector Employment," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. Shows air Mondays at 9:00 a.m. on 91.3 FM.

Like a lot of law enforcement agencies in South Florida, the Lauderhill Police Department run by Lauderhill Police Chief Andrew Smalling did not hire any new officers for several years as the city's budget was hit by falling property values. But now Lauderhill is hiring again. It's looking for five new officers, offering full benefits and a starting salary around $50,000.

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Politics
7:00 am
Mon October 7, 2013

Senate Committee Probes Gambling Issue With Authors Of Delayed Report

Credit Wikipedia.org

A Florida Senate committee on gaming will take up the controversial issue of expanding casinos and gambling in the state at a hearing today in Tallahassee.

The hearing will include a discussion between elected officials and analysts from New Jersey-based consulting firm Spectrum Gaming Group, a firm with strong ties to the casino industry. The company was commissioned by lawmakers to compile a much-anticipated report on the impact of gambling on economic growth.

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Politics
11:47 am
Sat October 5, 2013

Morale Plummets For Federal Workers Facing Unending Furlough

John Zangas, a furloughed federal worker, protests the government shutdown outside the U.S. Capitol on Wednesday.
Brendan Smialowski AFP/Getty Images

Originally published on Sat October 5, 2013 3:13 pm

The work that Shaun O'Connell does is required by law, yet now he's sidelined by the government shutdown.

O'Connell reviews disability claims for the Social Security Administration in New York, checking that no one's gaming the system, while ensuring people with legitimate medical problems are compensated properly.

Billions of dollars are at stake with this kind of work, yet O'Connell is considered a nonessential employee for purposes of the partial government shutdown.

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Economy
8:00 am
Wed October 2, 2013

How Incentives For Film, TV Production In Florida Are Drying Up

The final episode of Burn Notice being shot behind the former Miami Herald Building.
Miami-Dade Office of Film & Entertainment

Now that “Burn Notice” has wrapped up seven successful seasons, will a new show step in to send the world a postcard of Miami every week?

The USA Network production ended its run recently while ratings were still strong. Thanks to a worldwide audience, it’s likely to live for years in syndication.

But the end of the show, as well as A&E’s The Glades and Starz’ Magic City this summer, leaves a void in Miami’s economy. A lot of folks made money off these productions selling props, renting cars, catering food, cleaning costumes and working on-camera.

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Politics
8:33 am
Thu September 26, 2013

How People In South Florida Live On $4 A Day In Food Stamps

Gloria Lewis' meals are distributed to a line of hungry people in downtown Fort Lauderdale.
Gloria Lewis

Florida is among the top 10 states with the largest share of its population relying on food stamps. Nearly 20 percent of the state requires assistance. However, with federal cuts to the program likely, many could find it even more difficult in South Florida, where the cost of food is above the national average.

Just over a year ago, Miranda Childe was an assistant professor in English at Miami-Dade College. But due in part to funding cuts at state colleges, she suddenly found herself out of work.

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