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May 27, 2018

Tuesday's Afternoon Update

What you need to know about Florida today

| 10/29/2013

Shutdown spurs big drop in Floridians’ confidence in economy

Confidence among Floridians fell sharply in October to 71, down seven points from September. This is the lowest reading since December 2011 following the last debt ceiling showdown in August of that same year. Of the five components that make up the index, all five declined. Read more from UF News and the Bureau of Economic and Business Research.

Cruise business key for JaxPort's future

Jacksonville's cruise ship industry at first glance might not seem impressive — a single ship populates its entire fleet. Still, cruise has maintained a foothold in the Jacksonville for 10 years, with no sign of drifting off into the sunset. More at the Jacksonville Daily Record.

Lee County eyes land buys to boost inventory

Business Profile

The Egg House

egg house
Unlike Humpty Dumpty, egg entrepreneur Mike Nikolaidis has no fear of falling.

Nikolaidis opened the Egg House restaurant in Lake Wales on June 25, and already he's planning to expand the business into a restaurant chain.

» Full story from the Lakeland Ledger

With more than $63 million available to buy Conservation 20/20 land, Lee County could increase its inventory of open space by nearly 25 percent. A 2,249-acre piece of Babcock Ranch and a 17-acre lot in Lehigh Acres are in final price negotiations. More at the Fort Myers News-Press.

Tips for overcoming workplace misunderstandings

One of the workplace challenges that managers face is effectively communicating with employees. Because of varied backgrounds, experiences and perceptions, employees can interpret messages from managers quite differently, leading to confusion and conflict. More at the Washington Post.

Harris swings to fiscal 1Q profit, revenue falls

Harris Corp. said Tuesday that it overcame a decline in government spending and swung to quarterly net income of $125.8 million, versus a loss of a year ago when it took a big hit from discontinued operations. More at the AP.

Out of the Box
Unusual Indicator

gambleHow do you know the economy is coming back? High rollers are paying their gambling debts. All four major U.S. casino corporations bumped up their allowances for bad debt during the recession, with one company estimating that fewer than half of outstanding debts would be repaid. Now, companies have lowered their estimates to pre-recession rates.

» Full story from the AP

Tags: Daily Pulse

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An overview of the features and articles in this month's issue of Florida Trend.


Florida Trend Video Pick

2018 Atlantic Hurricane Season Outlook
2018 Atlantic Hurricane Season Outlook

Dr. Gerry Bell, lead seasonal hurricane forecaster at NOAA’s Climate Prediction Center, and the rest of his team NOAA, are predicting an 75 percent chance that the 2018 Atlantic hurricane season will either be near-normal or above normal.

Earlier Videos | Viewpoints@FloridaTrend

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