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Wednesday's Afternoon Update
What you need to know about Florida today
Retail sales flatline in April
U.S. shoppers kept their spending in check in April, as modest wage growth over the past year keeps family budgets tight. The retail sales report also raises the possibility that nasty winter weather can't entirely explain the recent lackluster consumer spending in prior months, since the anticipated spring rebound has not materialized. More from the AP and Reuters.
See also:
» Eurozone economy growing faster than US
Housing market: Buying a home still beats renting
Should you buy or rent a home? In South Florida, that decision is a no-brainer — for those who plan to stay and have the means, a new report shows. More at the South Florida Sun-Sentinel.
KSC, state near deal for shuttle runway
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Workplace Culture
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A deal for the state to take control of Kennedy Space Center's former shuttle runway is now in Space Florida's hands, KSC Director Bob Cabana said. After nearly two years of negotiations, Space Florida CEO Frank DiBello plans to present a tentative agreement to his board late this month. More at Florida Today.
Florida's orange crop to be smaller than anticipated
The U.S. Department of Agriculture released a bleak estimate for the state's citrus industry, saying that the 2014-2015 Florida orange crop will yield 96.4 million boxes of fruit, down from the 104 million boxes produced last year. More at the AP.
Film industry seeks revival of tax incentives
The film and television industry in Florida wants lawmakers to take another look at a revamped production-incentives package that stalled when the House cut short the regular legislative session. More at the Orlando Sentinel.
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Out of the Box
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