September 19, 2014

Thursday's Daily Pulse

What you need to know about Florida today

| 1/3/2013

Fiscal cliff compromise will cost Florida billions

Congress may have kept the nation from going over the fiscal cliff, but it failed to avert a multi-billion dollar hit to Florida’s struggling economy. The decision to let the 2010 deduction in the Social Security payroll tax expire will cost Floridians an estimated $6.5 billion, said Sean Snaith, director for Institute Economic Competitiveness at the University of Central Florida. [Source: Times/Herald]

Marco Rubio
Senator Marco Rubio is one of several "Newsmakers of the Year" in Miami-Dade.
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Florida Trend Exclusive
2012 newsmakers around the state

Miami: Marco Rubio, Carlos Migoya, Michael Swerdlow, Philip Frost, Jorge Perez and P. Michael Reininger

Southeast: John Textor, Robert Runcie and Joe Rooney

Southwest: Al Austin, Stephen Klasko, Progress Energy, Mystery Monkey and Jill Kelley

Central: Lake Nona, David and Jacqueline Siegel, The Villages and Theme Parks

Northeast: Shahid Kahn, Ted Yoho and EverBank

Northwest: Quint Studer, BP, Jim Murdaugh and Navy Federal Credit Union


Demand for guns surges in Florida

According to the FDLE, 797,970 background checks were requested last year — about 200,000 more than in 2011. The numbers skyrocketed in the days after the mass shooting in Newtown, Conn. and is likely fueled by fear that greater gun control laws may be passed after the Connecticut shooting. [Source: Tampa Bay Times]

Related: Newsmakers of the Year: Gun Owners


Disease rips through Florida citrus

Driving recently through his family's citrus groves in rural LaBelle, Fla., Mark Wheeler saw scores of oranges littering the ground. It was an ominous sign the trees could be ailing just as the citrus harvest gets under way in Florida. The likely culprit was an incurable disease known as citrus greening that is ravaging the state's orange and grapefruit trees. [Source: Wall Street Journal]

Related:
» Nelson says bill For Citrus Greening research dies amid Fiscal Cliff indecision


Florida homeowner tax cut extended

Tucked into the 157-page legislation that saved the nation from the worst of the fiscal cliff is an extension of the Mortgage Debt Relief Act, which allows borrowers to exclude loan debt forgiven in a short sale, foreclosure or loan modification from counting as income on their taxes. [Source: Palm Beach Post]


ALSO AROUND FLORIDA:

› Catching the wave of marina reconstruction in the wake of Sandy
TDI Products never really invents its products per se, but it does take product lines and turn around the value of the devices. That has led the Atlantic Beach company to help in the recovery after Superstorm Sandy.

›Fort Lauderdale business owner rewards good Samaritan
For three days, Walter LaFreniere's stolen work truck sat idling on a city street before an observant passer-by called the phone number on the side of the truck.

› Orlando's construction industry shows signs of life
Tucked in the thicket of numbers produced each month by government analysts is a note of hope for an industry battered by the Great Recession. The past three months of employment data hint that construction hiring in Central Florida may be shuffling toward recovery.

› TECO stock making a comeback?
Sometimes you have to look to the mangiest dogs to find the next leader of the pack. At least that's stockwatcher Seeking Alpha's strategy in naming Tampa's TECO Energy Inc. as one of its "2012 Dogs of the S&P 500 to Buy Now."


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