September 25, 2017

Friday's Afternoon Update

What you need to know about Florida today.

Thinking of buying gold? Exercise caution, financial planners say

Some South Florida financial planners advise caution on buying gold as an investment. It's not just that the commodity has been on a recent roller coast: down 5 percent on Wednesday with gold rebounding 1.5 percent on Thursday and then dropping in price Friday morning. Or that gold is still charting near-record territory of above $1,700 an ounce. Plantation certified financial planner, Matt Saneholtz, said he isn't sold on it being a good long-term investment. Stocks have done better than gold over several decades, he said. [Source: South Florida Sun-Sentinel]

In Case You Missed It
Pet Project
Morphogenesis' cancer vaccine for dogs gives pet owners hope. Making the vaccine available to human patients will take more time and effort.

» Full story

AutoNation reports strong February vehicle sales

AutoNation reported more bright news for one of the brighter spots of the recovering economy. The Fort Lauderdale-based chain of auto dealerships, including South Florida’s Maroone chain, said its February sales were up 17 percent from the prior year. Luxury sales outpaced the average, up 20 percent. Mercedes alone was up 27 percent, the company said in a release Friday. [Source: Miami Herald]

First Coast may need to help bolster key industry -- fishing

First Coast anglers see fishing spots disappearing so quickly they say it’s time to create new fishing grounds to bolster an industry that the state says brings half a billion dollars into the local economy every year. Scott Shine, a member of the Jacksonville Waterways Commission, said he is looking into ways to add more access to fishing in North Florida before the economic impact does permanent damage to the recreational fishing industry. [Source: Florida Times-Union]

» FRIDAY PREVIEW: Coming next week to

  • Real Estate: There's a run on rentals in South Florida.
  • Town Wizard: The website and mobile app is branching out
  • Florida Icon: Historian, author, USF St. Petersburg professor Gary Mormino
  • Tampa/Hillsborough County Business Portrait: Emerging from the recession, Tampa and Hillsborough County will try to take advantage of the area's chief economic strengths

» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.

Beverage Trends
photo Drinking up the bottom line

John Hickey used to think a meal just wasn't complete without a glass of Diet Coke. But during the past couple of months, Hickey has a new beverage of choice: water. "It makes a big difference when you get that bill," said Hickey, 58, of Oviedo. Watching their wallets and waistlines, Americans are ordering more free tap water when they eat out. That is cutting into the bottom lines of restaurants, which draw hefty profits from sodas, juices and alcohol.

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An overview of the features and articles in this month's issue of Florida Trend.


Florida Business News

  • Breaking News: Nova Southeastern University calls $200 million commitment from Patel Family 'transformational'

    Today, Nova Southeastern University (NSU) announces the largest philanthropic gift in its history from Tampa-area cardiologist Dr. Kiran C. Patel and his wife, pediatrician Dr. Pallavi Patel. The commitment from the Patel Family Foundation includes a $50 million gift and an additional $150 million for real estate and facilities. The money will be used to expand the university's programs in osteopathic medicine and health care sciences, and also to develop a new 27-acre campus for NSU in Clearwater, Fla. The Patels are renowned in Florida for their philanthropy, community service and entrepreneurship.

    “This gift and additional investment will enrich NSU’s ability to educate highly-qualified physicians and health care professionals who understand how the medical disciplines can and must work together. These future leaders will represent the cultural diversity of our region, our nation and our world so that they can better serve their patients and communities,” said NSU President Dr. George Hanbury.

    Their $50 million gift, one of the seven-largest to any Florida university in history, catapults NSU to more than 84% of its goal to raise $250 million by 2020 for its Realizing Potential philanthropic campaign.

    Read more at the news release, here.

Florida Trend Video Pick

Haunted maze at Merritt Square Mall
Haunted maze at Merritt Square Mall

Take a tour behind the scenes at the Frightmaze Hotel at the Merritt Square Mall.

Earlier Videos | Viewpoints@FloridaTrend

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Are you still being cautious to prevent mosquito-borne diseases? (i.e. protective clothing, insect repellent)

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  • Sometimes, if I remember
  • No, not worried

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