April 25, 2018

Thursday's Afternoon Update

What you need to know about Florida today

| 9/19/2013

Home sales reached 6½-year high in August

U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before interest rates increased further. Sales of previously occupied homes rose 1.7 percent to a seasonally adjusted annual rate of 5.48 million in August, the National Association of Realtors said Thursday. That level is consistent with a healthy market. More at the AP and the Wall Street Journal.

Florida Supreme Court asked to overturn FPL rate hike

The Florida Supreme Court is being asked to overturn a rate hike approved for the state's largest utility. The court held oral arguments Thursday on whether regulators should have approved an increase for Florida Power & Light Co. that could add charges to monthly bills over the next three years. More at the AP.

Entertainer has aspirations for Miami Beach City Hall and MTV

Business Profile

Garmor/UCF Nanoscience Technology Center

richard blair
An Orlando startup company is using a technique developed by University of Central Florida researchers to produce commercial volumes of a material that could make everything from airplanes to bridges stronger and lighter. The novel one-atom thick product called graphene has been studied for years but until now has been prohibitively expensive to produce in large quantities.

» Full story

As Steve Berke plotted his second run for mayor of Miami Beach, he assembled a campaign team, crafted a platform, and signed with an agent. The 32-year-old entertainer hopes to ride his campaign into a starring role on MTV with a reality series based on his civic activism. More at the Miami Herald.

Port Canaveral gives preliminary OK for new terminal site

Port commissioners gave preliminary approval for a site near Port Canaveral’s Cove restaurants to build a new cruise terminal and parking garage complex that would be able to handle the largest cruise ships. More at Florida Today.

Long airport waits cost economy

The U.S. Travel Association argued that long lines and delays to enter the country could cost the economy more than $12 billion a year and thousands of jobs. That’s both because of money not being spent during the wait in line — $416 million — as well as $11.8 billion in potential spending lost because travelers decided against coming to the U.S. because of the entry process. More at the Miami Herald.

Convenience Trends
At convenience stores, gourmet goes with gas

doughnutsDelicious, fresh food from ... where? One of the latest places to jump on the trend of locally owned, fresh food service is not where you'd expect. Many gas station convenience stores are transforming into cafes and grocery stores that just happen to sell gas.

» Full story and video from the Fort Myers News-Press

Tags: Daily Pulse

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Florida Trend Video Pick

Securing Florida’s Water Future: Kissimmee River
Securing Florida’s Water Future: Kissimmee River

Building on efforts to secure Florida’s water future, the Florida Chamber of Commerce is releasing the latest in a series of water education videos that demonstrate the importance of following science-based research solutions.

Earlier Videos | Viewpoints@FloridaTrend

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