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Wednesday's Daily Pulse
What you need to know about Florida today
Profits flat at Florida financial institutions
Profits were flat at Florida's financial institutions in the third quarter. The state's 150 banks and thrifts earned a combined $378 million in the July-September period, the same earnings as last year, according to data released Tuesday by the Federal Deposit Insurance Corp. [Source: Sarasota Herald-Tribune] The national news release from the FDIC is here.
State appeal sends worker comp rates soaring
Just when they thought they had dodged a bullet, it looks like Florida businesses will be hit with a major increase in workers compensation rates after all. Insurance Commissioner David Altmaier is appealing a circuit court ruling that blocked the increase. Read the notice of appeal from Florida Office of Insurance Regulation, here. More from WFSU, here.
Higher ed leaders look to boost degrees, certificates
Currently, less than 47 percent of the state's working-age population has four- or two-year college degrees or professional or technical certificates. The state's Higher Education Coordinating Council hopes to change that. [Source: Gainesville Sun]
Georgia-Florida water war trial could end this week
The never-ending legal battle between Georgia and Florida over the waters of the Chattahoochee and Flint rivers is likely to reach a critical juncture this week after a month of testimony in the latest “water wars” trial. [Source: Atlanta Journal-Constitution]
U.S. home prices surpass bubble-era peak, and Florida housing isn't far behind
South Florida home prices continued their steady rise in September, while nationally home prices soared past a record high set in July 2006, according to the S&P CoreLogic Case-Shiller Index, an important housing market indicator. More from the Miami Herald, the Tampa Bay Times, and the Real Deal.
See also:
» Jacksonville home prices on pace for 6 percent increase
» Statewide home sales fall, while Polk market surges
» South Florida home prices still have room to grow, index shows
› FPL's multi-year rate-increase request approved
Florida Power & Light customers will see their bills increase each year through 2019 following the state Public Service Commission's approval Tuesday of a negotiated rate-hike settlement. Also see more information from FPL, here.
Members of the Florida Bar:
Submit your ballot here. Voting closes on Friday, December 2nd..
› Sanford Burnham says it will not repay incentives
Sanford Burnham officials recently reiterated their earlier position that they will not refund $77 million of incentives they received a decade ago when they agreed to try to create 303 jobs.
› Space contractor lands OneWeb deal, opens in Titusville
The U.S. subsidiary of a Swiss aerospace company is opening a spacecraft parts manufacturing plant in Titusville. It hopes to employ as many as 70 people there within five years.
› Manatee considers six-month moratorium on marijuana dispensaries
Like many other local jurisdictions, Manatee County intends to make any potential medical marijuana businesses within its borders to wait several months before setting up shop.
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