May 26, 2016

Friday's Daily Pulse

What you need to know about Florida today

| 6/13/2014

Florida banks still lag behind national recovery

Despite steady improvement since the financial crisis, Florida's banking industry is still saddled with nearly three times the percentage of troubled banks as the national average, a new analysis indicates. In its latest quarterly report, financial ratings agency Bauer Financial estimates that 18.3 percent of Florida banks are troubled and problematic. [Source: Tampa Bay Times]

See also:
» Bauer rates South Florida’s strongest banks

Florida Trend Exclusive
Alex D. Brickler is a 'Florida Icon'

The director of obstetrical services and training at Tallahassee Memorial Hospital’s family medicine residency program shares his thoughts on lessons he’s learned and events he’s lived through. Access full story.

U.S. goes into battle against deadly orange disease

The U.S. Department of Agriculture announced on Thursday a total of $31.5 million in funding to combat a plant disease that threatens to devastate Florida's $9 billion citrus industry and has driven up the cost of a glass of orange juice. [Source: Reuters]

Economists Optimistic Stage Is Set for Pickup in Wage Growth

Economists are increasingly looking for wage growth to pick up in coming months, a long-awaited development that would put more money in the pockets of consumers and could spur accelerated growth in the broader economy. [Source: Wall Street Journal]

U.S. business inventories log big gain in April

The Commerce Department said on Thursday inventories increased 0.6 percent in April after rising 0.4 percent in March. The increase in April was the largest since October. [Source: CNBC]


› An ecotourism plan draws a crowd of opponents
Hernando County officials tested the water this week on a plan to create a beach and build a tourism center inside the Weekiwachee Preserve. The public response was a flood of opposition.

› Peak 10 helping lure new tech firms to Tampa Bay area
A national IT services firm with a Tampa presence for more than a decade is working with Hillsborough County to draw more high-tech companies to the area.

› Cabinet considers land sales to help fund Florida Forever
The state is getting closer to its Florida Forever fundraising goal for the upcoming budget year, though environmentalists say the amount is not enough. Most of the projected $40 million lawmakers hope to generate for the conservation program may soon become available through the sale of closed prisons and other non-conservation parcels.

› Another green building milestone for Central Florida
Wyndham Vacation Ownership will be showing off its LEED Gold certified interior at its headquarters on Wednesday. The certification makes the building the largest LEED Commercial Interiors Gold level certified project in Florida.

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Florida Trend Video Pick

Where do American Presidents Go for Rest and Relaxation?
Where do American Presidents Go for Rest and Relaxation?

Before, during, and after their Oval Office duties, some American presidents found peace and quiet in Florida… and some did not.

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What should be done so Puerto Rico can get out of debt, and avoid Greece's fate?

  • The U.S. Congress should provide a bailout
  • Amend laws so the Puerto Rico government can declare bankruptcy
  • Restructure the debt (investors take a loss)
  • Other (comments welcome)

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