October 25, 2014

Friday's Afternoon Update

What you need to know about Florida today

| 8/22/2014

Long-Term Trends in Economy More Worrisome Than Sudden Crash

A growing genre of research suggests that the weakness of the American economy is caused largely by problems that predate the recession — and that the Federal Reserve can’t remedy them with low interest rates. More at the New York Times.

See also:
» Labor Market Fluidity and Economic Performance
» Yellen Keeps Focus on Labor Market Slack


In Florida, Return of the Condo-Hotel?

A luxury hotel operator is trying to revive a failed condo-hotel project in Fort Lauderdale, hoping that a formula that faded during the economic downturn can make a comeback. More at the Wall Street Journal.


Miami realtors group taking trip to China to lure Chinese buyers

Environment

Why Are There So Many Sinkholes in Florida?

sinkhole
The state that’s well known for hurricanes and alligators has another high-profile natural worry on its list: the possibility that the Earth could, at any moment, gobble up a whole neighborhood.

One technology that could help: a new remote sensor from NASA to predict sinkhole formations.

» More from The Atlantic

The Miami Association of Realtors is organizing a trip to China this October to coincide with the industry show OPPLive China set for Oct. 23-24 in Beijing. The visit is coordinated with the Overseas Property Professional Group or OPP Group, which provides news, data, connections and events for professionals in residential real-estate across borders. More at World City.


E-commerce helps Orlando's industrial space market

Online commerce is helping to revive Orlando's industrial real-estate market, which is poised to get about a million square feet of new space during the next year. "We're feeling the market coming back," said Steven McCraney, president of McCraney Property Co. More at the Orlando Sentinel.


St. Petersburg Museum of History now accepting Bitcoin

In a move that seems a little forward-looking for a place that's all about the past, the Museum of History announced this week that it would become the first in the state to accept Bitcoin. The online currency was created in 2009 and operates outside traditional banks. More at the Tampa Bay Times.

Entertainment Business
Circus to winter at Port Manatee

circus As Feld Entertainment prepares to do local rehearsals for the Greatest Show on Earth for the first time this fall, Port Manatee is getting in on the act. A Manatee County Port Authority lease signed Wednesday will allow Ringling Bros. Barnum & Bailey’s mile-long circus train and its crew of about 250 to stay on railroad tracks controlled by the agency through 2024.

» Sarasota Herald-Tribune


Tags: Daily Pulse

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