Monday's Daily Pulse
What you need to know about Florida today.
The ups and downs of a home's value in south Florida tell the story of the state's broader real estate market over the past decade. Read the story.
Michael and Giovanna Hoeflinger, shown here with their two daughters, bought the home late in 2011 for $740,000, 51% less than it sold for at the height of the market five years earlier. [Photo: Brian Smith]
Greg McBride, senior financial analyst at Bankrate.com in North Palm Beach, has the bottom line on qualifying for a mortgage in the mid-2000s. "If you could fog a mirror, you could get a loan. I'm not sure even fogging the mirror was a requirement." Times change. Read more...
An ailing therapist in Hollywood finally got health coverage, but some kids lost theirs. A Lantana orange shipper got a big tax credit. A Cooper City mother got a mammogram at no charge. Those few are among thousands of Floridians directly affected by the massive health care overhaul passed by Congress two years ago. On Monday, the law faces its biggest challenge when 26 states — including Florida — ask the U.S. Supreme Court to strike down as unconstitutional the law's mandate that everyone obtain health insurance in 2014. [Source: South Florida Sun-Sentinel]
The disadvantage to younger workers has been great. In 2011, the average unemployment rate across Florida for workers age 20 to 24 was 15.5 percent, according to the most recent data from the U.S. Bureau of Labor Statistics. For workers age 16 to 19, the picture was even worse: 28.6 percent unemployment. [Source: Fort Myers News-Press]
"What's old is new again."
That old adage always works with style, so why not with what's in style for a healthy diet?
Here in Florida, it certainly applies to the case of the grapefruit, a fruit — and juice — once often consumed by senior citizens is now being marketed to young women through the use of social media.
[Source: Lakeland Ledger]
ALSO AROUND FLORIDA:
› West Palm could be in Trader Joe’s second wave of Florida stores
The Downtown Development Authority hasn’t been shy about its quest to bring Trader Joe’s to downtown West Palm Beach, putting together a video pitch to sell West Palm to the boutique grocer’s higher-ups. As Trader Joe’s expands to Florida, DDA director Raphael Clemente said Friday that he’s hopeful West Palm is “moving up the list.”
› A 'thank you' to 20 people who made Tampa Bay a better business place
Folks don't always get the acknowledgment they deserve for their everyday acts of generosity. So indulge Times Business Columnist Robert Trigaux while he says thanks to 20 people whose contributions, some big and in plain sight and some more subtle, helped make Tampa Bay a better place to live and work.
› Florida construction jobs nearly at bottom, economist says
Employment in Florida's construction industry has been bad, but last year it got worse. The state lost the most construction jobs, 20,700, of any state in the nation, bringing industry jobs in Florida down to 307,800 in January, according to an Associated General Contractors of America report. The peak was 687,200 in June 2006. "We're probably close to the bottom, if we haven't reached it," said Ken Simonson, the association's chief economist.
› Recession brings diversity to Sarasota
An unexpected outgrowth of the worst recession in 70 years: Sarasota has quietly become more cosmopolitan. While hard times discouraged Midwesterners and New Englanders from moving here, more Peruvians, Italians, Brazilians, Ukranians and many others made the Gulf Coast home.
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