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Wednesday's Afternoon Update

Economy expands more than forecast

The economy in the U.S. grew more than projected in the second quarter, reflecting an unexpected pickup in inventory building as consumer spending cooled. Growth in the previous three months was revised down. More at Bloomberg News and the AP.

Related:
» U.S. economy pulls through federal budget cuts
» GDP Surprises, And Hiring Rises In July


Premiums Rising 5-6% for Most Floridians

Florida's average increase in health-insurance premiums under the Affordable Care Act for 2014 will be in the range of just 5 to 6 percent, Office of Insurance Regulation officials said Tuesday. That is not out of line with past years, and the new law will require health policies to cover more than many do now. More at Health News Florida.

Related:
» Florida insurance officials to release rates under ACA


ADT to acquire Hollywood-based Devcon Security

Profile

From Canada to Jacksonville

jaxport ceo
Growing up in Canada, Brian Taylor played ice hockey well enough to be the right wing on the Concordia University team in Montreal.

Thirty years later, the chill of an ice rink was far away on Tuesday when Taylor walked the sun-scorched docks of Jacksonville’s port in his first week as CEO of the Jacksonville Port Authority.

But Taylor said his hockey-playing days helped shape the leadership style he will bring to JaxPort.

» Full story from the Florida Times-Union

Boca Raton-based security firm ADT has entered into a definitive agreement to acquire Hollywood-based Devcon Security for $148.5 million in cash, ADT announced in its third-quarter earnings statement Wednesday. The acquisition includes approximately 117,000 customer sites with recurring monthly revenue of approximately $3.6 million. More at the South Florida Sun-Sentinel.


Teacher pay up in Miami, down in Florida

Wages in education in both the public and private sectors have grown in Miami-Dade County in the past six years. However, Florida salaries for educators fell in the same period. Florida Department of Education statistics show that from 2007 to 2012 the average annual salary for a teacher rose from $50,737 to $54,455 in Miami-Dade. More at Miami Today.


Do your work/life choices add up to happiness?

In our ongoing quest for work/life balance, the elusive “balance” comes from spending more time on what fulfills you rather than trying to maintain equilibrium. For some, it’s work that makes them happy, for others it’s time with family, friends, or a hobby. More at the Miami Herald.

Sneak Peek
2013 Epcot International Food & Wine Festival

epcot food and wineFor those of you already champing at the bit to chomp on a bit of food at the 2013 Epcot International Food & Wine Festival, The Disney Parks blog released a list of marketplaces and what they'll be serving. Let the salivating commence. The festival runs from Sept. 27-Nov. 11.

» More from the Orlando Sentinel