economy

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

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

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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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

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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