Wednesday's Afternoon Update
What you need to know about Florida today
U.S. Rep. C.W. Bill Young to retire
U.S. Rep. C.W. Bill Young, Florida's most influential and longest-serving member of Congress, has decided to retire when his term ends in 2014. Young (R-Indian Shores) said there are several factors in why he won't run for re-election including his health and his desire to spend more time with his family. Young is 82. Read more from the Tampa Bay Times.
Florida ranks 5th in tax climate
The economy is improving. Jobs are increasing. The state's budget deficits are gone and debt has decreases. And now another piece of good news comes for Gov. Rick Scott: Florida is the fifth-best state when it comes to low taxes. Read more from the Miami Herald. and see the 2014 State Business Tax Climate Index from the Tax Foundation.
Defense symposium postponed due to shutdown
A major national conference that would have brought more 4,000 visitors to Tampa, filling hotel rooms and restaurants and bringing together intelligence agency and military leaders and defense industry behemoths, is the latest victim of the government shutdown. More at the AP.
Rating agency likes Seminoles' operation, outlook
A global rating agency has upgraded the Seminole Tribe of Florida, citing improved management, 11 consecutive quarters of profits, and the possibility that $200 million in annual payments to the state could go away. More at the South Florida Sun-Sentinel.
Commentary: An Unnecessary Crisis
How will the government shutdown and debt ceiling crisis affect the economy and the markets? Raymond James & Associates Chief Economist Scott Brown contemplates the economic future and examines how we got into the current dilemma, how we can get, and what we can do to prevent it from happening again in the future. More at Raymond James.
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