May 28, 2016

Friday's Afternoon Update

What you need to know about Florida today

| 5/27/2016

US economy slows to weakest pace in a year

U.S. economic growth slowed in the first quarter, as a surge in home building and steady inventory accumulation offset the impact of modest consumer spending and soft business investment. Gross domestic product rose at a 0.8 percent annual rate as opposed to the 0.5 percent pace reported last month, the Commerce Department said on Friday in its second GDP estimate for the January-March period. That was the weakest growth since the first quarter of 2015. Full story from Reuters is here. Also read more at DW, the AP, and US News & World Report.

With shuttles gone, private ventures give Florida's Space Coast a lift

The loss of NASA space shuttle jobs was a blow to Florida’s Space Coast, an area closely identified with NASA and the nation’s space program. But the region’s economy is bouncing back and attracting companies that are in a new space race. More from WMFE.

Cell phone radiation causes cancer in rats, government study finds

The National Institutes of Health has found a link between the type of radiation emitted by cell phones and cancer in rats. The project has been underway for more than a decade, and with a $25 million price tag, is the most expensive ever undertaken by the program. More from Consumer Reports.

Stuck in your parents’ basement? Don’t blame the economy

It turns out that the recession wasn’t what led millennials to move back into their old bedrooms (or to not leave in the first place). Rather, long-run shifts in demographics and behavior have been pushing them in that direction for decades. More from FiveThirtyEight.

See also:
» Pew Research Center Analysis

Small conventions make 'kings' of attendees at small hotels

Orlando is considered among the top meeting destinations in the country, and local hoteliers have found a booming market catering to smaller groups that don't want to be lost in the shuffle of it all. More from the Orlando Sentinel.

Publisher's Column
A warm welcome to Florida

florida Business is booming in Lee County and Fort Myers, with Fortune 500 company Hertz leading the way. But Hertz is just the tip of the iceberg. More companies will follow as site selectors have now taken notice of the area.

» Read Andy Corty's full column.

Out of the Box
'Flintstones' footmobile slapped with parking ticket

cameras Fred Flintstone just narrowly avoided getting his ride towed. Officials in Key West, Florida, appealed for information Thursday after a vehicle resembling the stone-age family's "footmobile" was found parked illegally on the street.

» More from NBC News and UPI.

Tags: Daily Pulse, Afternoon Pulse

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


Florida Trend Video Pick

Superbug that doctors have been dreading just reached the U.S.
Superbug that doctors have been dreading just reached the U.S.

For the first time, researchers have found a person in the United States carrying bacteria resistant to antibiotics of last resort, an alarming development that the top U.S. public health official says could mean "the end of the road" for antibiotics.

Earlier Videos | Viewpoints@FloridaTrend

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