Friday's Afternoon Update
What you need to know about Florida today
Consumer confidence falls for second month
U.S. consumer confidence declined this month as Americans turned more pessimistic about the economy, their own finances, and government budget policies. Higher mortgage rates that threaten to slow momentum in the housing market may be making Americans less sanguine about the economic outlook. More from the AP and Bloomberg.
IN CASE YOU MISSED IT
We ask Florida CEOs: What is your favorite app?
Kostya Kimlat, CEO of SeeMagicLive.com, tells us why he uses Vine:
"It’s perfect for capturing the excitement of live events. Utilizing Vine allows our followers to experience a ‘snapshot’ of what we do, the venue, the entertainer and the audience reactions. ”
Read the business plan for Florida's new online university
Lawmakers created the university this spring after studying online options for two years. The online-only university will be part of the University of Florida and is scheduled to start classes in January. Supporters say the school will offer more access to a flagship Florida university, where 29,000 people apply for 6,400 slots each year. [Source: WLRN]
New Cuban regulations open, close opportunities for private jobs
Cubans can now work as real estate agents, handymen, soap makers and 15 other types of “self-employed” jobs. But they cannot sell machine-made clothes, or profit from the resale of items purchased at state stores. [Source: Miami Herald]
» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:
- Florida Banks have Room to Breathe: International money and a comeback in the housing market are lifting Florida banks.
- Playing in the Distressed Field: The bloated number of sinking Florida loans on bank books since 2007 has attracted a boatload of bottom-fishers to the state in recent years.
- A-Lotto Money: The financial adviser for a mother and son who won the $590.5-million Powerball in May has seen his life change nearly as much as theirs.
- Venture Capital Bounce: Second-quarter venture capital investments point to a turnaround, with the best quarterly showing in six years.
» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.
In case you missed it: