The Sunshine Economy

The Sunshine Economy
6:30 am
Wed October 23, 2013

How Brazilians Have Helped Save South Florida Real Estate

Credit FreeDigitalPhotos.net

Click the play button above and listen to this segment from WLRN's hour-long episode, "The Sunshine Economy: Brazil & South Florida," 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 years 2009 and 2010 were dark days for Miami real estate. Home prices plummeted. Mortgages imploded. Foreclosures soared.

And buyers flooded in from Brazil.

Since that time, Brazilians have become the top foreign buyers of homes and especially condominiums in South Florida. As recently as June, the largest number of foreign-based online visitors to the Miami Association of Realtors website came from Brazil. In 2011 and 2012, most international buyers of residential real estate in the Miami area came from Brazil.

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The Sunshine Economy
6:10 pm
Fri October 18, 2013

The Sunshine Economy: Brazil & South Florida

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

This week was supposed to bring together the leaders of the largest and sixth-largest economies in the world. Brazil President Dilma Rousseff had been scheduled to make an official state visit to the White House but she called off the trip after it was revealed that the U.S. National Security Administration intercepted emails and telephone calls between herself, her staff and the Brazilian state energy company Petrobras.

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The Sunshine Economy
6:30 am
Thu October 17, 2013

Public Debt On TSE: Counting Up The Dollars And Sense

Credit U.S. Federal Reserve / Truth In Accounting

The debate in Congress over raising the debt ceiling was focused on the $16.7 trillion borrowing limit. That's a huge number that has been increasing rapidly since the Great Recession. The chart above from the U.S. Federal Reserve shows the federally reported public debt jumping from $6 trillion after the 2001 recession to almost $17 trillion this fall.  

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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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The Sunshine Economy
6:00 am
Mon October 14, 2013

The Sunshine Economy: Public Debt

Credit Tom Hudson

Click the play button above and listen to 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. The show airs Mondays at 9:00 a.m. on 91.3 FM.

The picture above shows the beginning of a second runway at Ft. Lauderdale-Hollywood International Airport that, once completed, is expected to cost $2.3 billion. The runway is just part of a multi-billion dollar expansion project already underway.

More than half of the project is being paid for with borrowed money. The Broward County Aviation Department will eventually assume $1.5 billion in public debt. Last week, it successfully sold $450 million worth of public bonds to continue the construction project.

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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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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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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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The Sunshine Economy
8:29 am
Fri October 4, 2013

The Sunshine Economy: How Broward County Ignored The State

Click the play button above and listen to WLRN's hour-long special, "The Sunshine Economy: Obamacare Comes To South Florida," 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.

From the U.S. Supreme Court case against the Affordable Care Act to trying to keep insurance exchange navigators from public health facilities, the state of Florida has resisted assisting the federal government in implementing the health insurance reform law.

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The Sunshine Economy
7:00 am
Thu October 3, 2013

The Sunshine Economy: Rising Health Insurance Premiums

Credit Freedigitalphotos.net

Click the play button above and listen to WLRN's hour-long special, "The Sunshine Economy: Obamacare Comes To South Florida," 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 Affordable Care Act's open enrollment which began October 1 is focused on individuals but its impact likely will be felt even if you get your insurance through your employer, or though your spouse's work.

Most Americans with private health insurance (not Medicare, Medicaid or veterans benefits) get their insurance through their job or their husband's or wife's company. Even as more people may sign up for health insurance coverage, the prices for that coverage are expected to keep rising. 

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The Sunshine Economy
1:25 pm
Wed October 2, 2013

The Sunshine Economy: Fewer Choices, More Insured?

Click the play button above to hear the radio segment from this week's The Sunshine Economy: Obamacare Comes To South Florida on September 30 with host Tom Hudson. The show airs every Monday at 9 a.m. on WLRN 91.3 FM.

Some numbers to consider as open enrollment for the Affordable Care Act (ACA) gets underway:

There are 10 essential benefits all insurance plans offered under the ACA health insurance reform law must have. They include hospital coverage, ER treatment and prescription drug benefits.

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The Sunshine Economy
1:50 pm
Tue October 1, 2013

The Sunshine Economy: Meet The Invincibles

Credit Tom Hudson

Click the play button above to hear the radio segment from this week's The Sunshine Economy: Obamacare Comes To South Florida on September 30 with host Tom Hudson. The show airs every Monday at 9 a.m. on WLRN 91.3 FM.

The invincibles is a catch-all description of young adults, generally healthy, but who are living without health insurance.

This group is one of the particular targets of the Affordable Care Act's individual mandate, taking effect on January 1, 2014. By requiring most Americans to have health insurance, the strategy is to attract young and healthy people to help spread the risk of insuring older and sicker people.

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The Sunshine Economy
8:17 am
Tue October 1, 2013

The Sunshine Economy: Obamacare Comes To South Florida

Credit Tom Hudson

Click the play button above and listen to WLRN's hour-long special, "The Sunshine Economy: Obamacare Comes To South Florida," 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.

These are the faces of the uninsured in South Florida. Eddie Escobar, Kwami Livingston and Jersey Garcia (left to right) are three of the more than one million people under the age of 65 in the counties of Miami-Dade and Broward who are living without health insurance.

Beginning Tuesday, they will be able to shop for health coverage and possibly qualify for a tax credit in order to meet the individual mandate of the Affordable Care Act (ACA), which goes into effect next year.

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