economics

Topical Currents
1:00 pm
Mon September 23, 2013

Why Having Too Little Means So Much

Eldar Shafir
psych.princeton.edu

09/23/13 - Monday’s Topical Currents is with Princeton University Professor of Psychology and Public Affairs, Eldar Shafir.  He specializes in cognitive science and behavioral economics.   Shafir is the co-author of SCARCITY:  Why Having Too Little Means So Much.  They say scarcity predicts that daily errors are common and unavoidable . . . no matter how motivated the person.

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Immigration
10:54 am
Wed September 18, 2013

More Old People, Fewer Workers: Nations Look To Immigration

A man relaxes at a downtown park in Seoul. The pronounced demographic shift triggered by a plummeting birth rate and soaring life expectancy is seen as one of the greatest challenges facing Asia's fourth-largest economy.
Kim Jae-Hwan AFP/Getty Images

Originally published on Wed October 9, 2013 5:43 pm

A story in the Financial Times caught our eye this week. It was on foreign workers in South Korea.

The story looked at the town of Ansan, where about 7.6 percent of the population is foreign. They come from other Asian countries, as well as from Russia. Here's one of the reasons for the change in South Korea, a highly homogeneous society:

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Americas
5:31 pm
Tue September 17, 2013

As Economy Cools, Brazilians Find Themselves Trapped In Debt

A woman looks at clothes inside a shop in Rio de Janeiro. Consumption has been a huge driver of the Brazilian economy, but the boom years are over, and economists say the outlook isn't good.
Sergio Moraes Reuters/Landov

Originally published on Tue September 17, 2013 8:44 pm

It all started out so promisingly. She was young, still in her teens, and she'd landed her first job. As is the custom in Brazil, to get your salary you have to open an account with the bank the company deals with — and with that new account came the woman's first credit card.

"The banks say, 'I want to help you,' " she says. "And if you have a credit card, it's a status symbol, you are well-regarded."

She switched jobs. That company dealt with another bank — which issued her another credit card. She got a store credit card, too.

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Urban Planning
4:05 pm
Thu September 12, 2013

Miami Approves Joint Plan To Develop Historic Overtown Neighborhood

Miami's Overtown neighborhood has been targeted for revitalization by developers who see value.
Credit Creative Commons via Flickr / Shawn Walton

After a period of economic decline, Miami's Overtown is getting a booster shot.

On Thursday, the city's Southeast Overtown / Park West Community Redevelopment Agency (CRA) approved a joint plan that would cede two city blocks to a team of developers in the hopes of rejuvenating a stretch of land in one of Miami's core neighborhoods.

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Community Contributor
12:39 pm
Thu September 12, 2013

The Miami Job Fest: Solving Talent Retention Slowly But Surely

Talent retention is a hot topic.

It seems like every group and organization in South Florida is working on a formula to reverse the ‘brain drain’, stop the ‘intellectual exodus’ or prevent the ‘mind migration’. With solutions that range from online resources and job boards to skills-based training and data collection on Miami’s talent pool, there is no deficiency of great ideas.

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Business
11:20 am
Thu September 12, 2013

‘Burn Notice’ Finale Brings Curtain Down On South Florida Production Companies, Too

In this July 24, 2013 photo, film crews prepare the set for rehearsal and taping of an episode of "Burn Notice" in Miami. The cable spy drama is coming to an end after seven seasons with a big finale today.
Credit Alan Diaz / AP

Starting Friday, Miami will see a sharp drop in sabotage, sniper fire and explosions. And that has quite a few people worried about the future.

With Thursday’s telecast of the finale of Burn Notice, the city’s No. 1 source of fictional attacks and espionage will end its seven-year run as the most successful series since Miami Vice and the linchpin of the English-language production industry.

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The Sunshine Economy
10:48 am
Thu September 12, 2013

The Sunshine Economy: Underemployed In South Florida

Jay Pellis
Credit Jay Pellis

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.

Jay Pellis is among the thousands of South Floridians who are underemployed. After 18 months of being counted among the unemployed, that's improvement. This week, Pellis began a part-time job teaching GED classes to teenagers and young adults leaving the foster care system. It is the type of work he's done before.

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Finance
8:40 am
Thu September 12, 2013

5 Years After Financial Crisis, Are Big Banks Still A Threat?

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

Originally published on Thu September 12, 2013 11:30 am

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

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The Sunshine Economy
11:58 am
Wed September 11, 2013

The Sunshine Economy: MBA But Unemployed, 4 Years And Counting

Ian Kramer
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.

Odds are Ian Kramer should be working. He has a MBA from USC. He has experience in the cut throat  world of Miami real estate development. The unemployment rate for someone with his education is half that of the overall level. And real estate is rebounding with several residential high rises sprouting from once dormant stretches of land.

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The Sunshine Economy
11:13 am
Tue September 10, 2013

The Sunshine Economy: The Incredible Shrinking Florida Paycheck

Credit freedigitalphotos.net

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.

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The Sunshine Economy
12:08 pm
Mon September 9, 2013

The Sunshine Economy: Jobs

Credit Tom Hudson

Click play to hear Tom Hudson host this episode of WLRN's ongoing radio and online series, The Sunshine Economy, airing Mondays at 9:00 a.m. on WLRN 91.3 FM.

Ian, Jay and Sal. That's them in the photo on the right. Each of them is an unemployment statistic with a story.

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Politics
12:00 pm
Mon September 9, 2013

Gov. Scott Tries New Strategy To Boost Business, Jobs

Gov. Rick Scott cuts the ribbon on the new Sand Blaster roller coaster on the Daytona Beach boardwalk. Scott has been traveling the state calling attention to his efforts to boost the economy.
Credit Florida Governor's Office

Gov. Rick Scott is pulling out all the stops to lure companies to Florida.

He convinced lawmakers to cut the sales tax on manufacturing equipment and do away with regulations that could hinder economic growth.

RELATED: The Sunshine Economy: Jobs

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Income Mobility
11:56 am
Thu August 22, 2013

If You're Poor In Florida, You're Better Off Working In Miami

Above is a map from the study by a team of top economists. Lighter colors represent areas where low-income children are more likely to rise up to a higher income level.
Credit Raj Chetty, Nathaniel Hendren, Patrick Kline, Emmanuel Saez / http://www.equality-of-opportunity.org/

Children from low income families in Florida have the best chance of achieving a higher income level if they grow up in Miami.

Surprised?

I was.  Based on my layman's understanding, I thought we would have low rates of income mobility.

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Economics
4:24 pm
Wed August 21, 2013

India And Other BRIC Economies Now Facing Headwinds

The Indian rupee has fallen nearly 16 percent against the dollar since May. The drop comes amid a slowdown in the country's economy. India's troubles are mirrored in other emerging economies that drove global growth for the past decade.
Zheng Huansong Xinhua /Landov

Originally published on Wed August 21, 2013 5:21 pm

High food prices, a currency in free fall, battered investors and slowing growth: India is facing a host of problems that have taken away the sheen from an economy that's had a decade of mostly stron

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Economics
9:05 am
Tue July 30, 2013

Local Politicians Spend A Week Trying To Live On Florida's Minimum Wage

Credit FlickR.com/Images_of_Money

Two South Florida politicians said a week spent just "getting by" -- has gotten to them.  

Broward County Commissioner Martin Kiar and State Senator Dwight Bullard agreed last week to spend five days trying to live on Florida's current minimum wage of $7.79 an hour.

Kiar says the week-long budget he drew up for himself left only $106 dollars for food, travel and entertainment for him and his family.

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