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Thursday's Afternoon Update
What you need to know about Florida today
Florida Supreme Court issues new workers’ comp ruling
Today, the Florida Supreme Court declared the current system for temporary total disability (104 weeks) unconstitutional. The ruling came in the Westphal v. City of St. Petersburg case.The Florida Chamber of Commerce was quick to say Florida's workers' comp system is under attack. From the Chamber's statement:
The result of this case, compounded with the recent negative ruling in the Castellanos v. Next Door Company case, likely puts Florida’s workers’ comp rates back on the path toward the record level rates of the early 2000s. “With job creators already facing a 17.1 percent workers’ comp rate increase, today’s ruling causes even more uncertainty, and is a further sign that Florida’s workers’ comp system is under attack,” said Mark Wilson, President and CEO of the Florida Chamber of Commerce.
» Read the full statement from the Florida Chamber. Also read more from the News Service of Florida.
Falling negative equity is a big positive for housing
The ranks of homeowners owing more on their homes than the homes are worth have shrunk by more than half over the past four years, a further indication of the housing recovery since the bubble burst in 2006 and 2007. More from CBS News.
See also:
» Underwater mortgages highest in Nevada, Florida, Illinois
» These 11 metro areas have the highest percentage of underwater homes
German solar power company relocates headquarters to Florida
Conergy, one of the world’s largest downstream solar companies, has relocated its U.S. headquarters to Miami from Denver, according to a release. “Miami is a unique, embracing melting pot, making it a perfect home for Conergy,” said Conergy CEO Andrew de Pass in a statement. More from the South Florida Business Journal.
How the Jacksonville Jaguars are teaming up with Florida State in Tallahassee
The Jacksonville Jaguars have done their part to keep a few Florida State players in-state when it comes to building their roster. Now, they're sending those three players -- linebacker Telvin Smith, wide receiver Rashad Greene and cornerback Jalen Ramsey -- back to their roots with the "Tallahassee Takeover." More from CBS Sports.
Economic development group recruiting firms to Southwest Florida
The Southwest Florida Economic Development Alliance has ramped up its efforts to recruit businesses to the region. The alliance, a private-public partnership created in 2013, is fully staffed and moving on an aggressive marketing agenda that will include 15 outreach events this year. More from the Naples Daily News.
Out of the Box
Uber Chopper
» More from the Orlando Sentinel.
Media and Marketing
Ad business full of nontransparent practices
The Association of National Advertisers said its probe of the advertising business found that rebates and other nontransparent practices are “pervasive” in the U.S., raising alarms about how ad agencies conduct business throughout the industry.
» More from the Wall Street Journal
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