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Wednesday's Daily Pulse
What you need to know about Florida today
U.S. and Cuba agree to open embassies and restore diplomatic relations
The United States and Cuba have reached agreement on reestablishing diplomatic ties and opening embassies in their respective capitals and the White House is expected to make a formal announcement Wednesday morning. More from the Miami Herald, the Tampa Bay Times, the L.A. Times, Reuters, and USA Today.
Overtime pay rule to boost 370,000 workers in Florida
About 370,000 Florida employees will get paid more for working overtime next year under new rules proposed this week by President Barack Obama to boost the depleted middle class. [Source: South Florida Sun-Sentinel]
See also:
» Plan to extend overtime pay sparks businesses’ outcry
» 4 ways the new overtime rules may affect your paycheck
High-speed rail remains elusive in the U.S.
The U.S. has never built a single mile of high-speed rail, which is generally defined as accommodating trains that go at least 200 mph. And proposals to do so have been thwarted for decades. So what’s holding America back? [Source: AP]
Five new Florida laws you should know
Florida's record-setting $78.2 billion budget goes into effect on Wednesday, along with 130 other new laws that were produced by the Florida Legislature this year in the regular and special sessions and signed by Gov. Rick Scott. Here are five new laws that you should know about. [Source: Florida Today]
See also:
» Judge blocks new Florida law that delays abortions
How do outdoor workers cope with hot Florida summer?
In the heat of a Florida summer, simply walking to the mailbox to get the mail or crossing a paved parking lot to get from air-conditioned car to air-conditioned office can be draining. So consider the plight of those whose work keeps them outdoors, if not all day, through the blistering hours. [Source: Ocala Star-Banner]
› Strong loan growth continues at South Florida-based banks
South Florida banks started off 2015 with a bang, continuing strong loan growth through the first three months of the year. Seven local banks generated more than $50 million in new loans and leases in the first quarter of 2015.
› Magic of Disney Animation to close at Hollywood Studios
The Magic of Disney Animation is closing at Hollywood Studios. Disney CEO Bob Iger told shareholders in March the park will get a new name, which hasn't yet been disclosed.
› Addison House signs for space in Miami's Design District
Upscale furniture retailer Addison House has secured a long-term lease among the luxury tenants of Miami's Design District for its third South Florida showroom.
› Gov. Scott approves Florida defense grants
Gov. Rick Scott announced more than $1 million in defense grants for Northeast Florida Tuesday that would help military facilities and families throughout Jacksonville and Clay County.
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