economy

Public Debt On TSE: Lining Up Lenders for Landing

Oct 16, 2013
Tom Hudson

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.

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

Oct 14, 2013
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.”

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.

Tom Hudson

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.

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.

Tom Hudson

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.

Gambling Study Raises Doubts At Florida Senate Hearing

Oct 8, 2013
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.

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

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.

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.

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.

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.

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.

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.

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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