October 21, 2014

Wednesday's Daily Pulse

What you need to know about Florida today

| 5/28/2014

Economic concerns push down Florida's consumer confidence

A gloomy assessment of the nation's economy drove down consumer confidence among Floridians in May, according to a new University of Florida survey. The two-point drop put the state index at 78, a level reflecting a relatively low degree of optimism. More at the Tampa Bay Times and UF News.


Median CEO Pay Tops $10 Million For The First Time

Are you getting rich off the rising stock market? America's CEOs are. Median compensation for the chief executive of a Standard & Poor's 500 company was $10.8 million last year, according to a study by The Associated Press. Read more from NPR and the AP.


Medicaid surge triggers cost concerns for states

From California to Rhode Island, states are confronting new concerns that their Medicaid costs will rise as a result of the federal health care law. That's likely to revive the debate about how federal decisions can saddle states with unanticipated expenses. [Source: AP]


Migrant smuggling on high seas bring new players into an old game

Over the last two years, an increasing number of boats have been interdicted or spotted in waters between the Bahamas and South Florida bringing undocumented immigrants of various nationalities, including Brazilians, Dominicans, Ecuadorans, Haitians and Jamaicans. [Source: Miami Herald]


The cost of life

With the average compensation for hormone drug treatment and egg retrieval surgery at about $5,000 in Florida, the allure of this relatively new medical procedure is attracting more and more young women, despite the many unknowns. [Source: Sarasota Herald-Tribune]


ALSO AROUND FLORIDA:

› As Darden workforce shrinks, fate of tax breaks in question
Darden Restaurants' shrinking corporate workforce could mean the Orlando company will have to give up millions of dollars in tax breaks. Darden has already forfeited $2.3 million in incentive money, saying it probably won't create 500 new jobs at its Orlando headquarters by 2015.

› St. Petersburg trying to lure unnamed global firm with tax incentives
A worldwide "business process outsourcing and product support" company is considering moving its international headquarters to the city, making it eligible for almost $1.4 million in state and local incentives.

› South Florida ranked worst for volunteer rate
Volunteer in South Florida? Not a priority. The tri-county area ranks last among 51 major metro areas for its volunteer rate, a new study shows. Among the reasons: Its transient community and long commutes.

› With debt behind it, SRQ looks to future
After a quarter-century of making sizeable payments, the government agency that runs Sarasota-Bradenton International Airport is about to burn the mortgage.


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