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August 18, 2018

Monday's Daily Pulse

What you need to know about Florida today

| 5/21/2018

Florida's hurricane fund in good shape entering storm season

Despite losses from Hurricane Irma, estimates show the Florida Hurricane Catastrophe Fund will have $17.3 billion available this year. This means that the fund has more money than it would need to pay out if storms racked the state. See analysis in a presentation from the FHCF, here. Also read more at the AP.

See also:
» State catastrophe fund seeks to expand bonding capacity
» As hurricane season nears, Florida experts stress planning

Florida’s porous campaign finance laws: ‘You can do almost anything’

Florida's wide-open race for governor won't be decided for another six months, but it's already triggered a wave of expensive TV ad buys from groups taking advantage of gray areas in the state's campaign finance laws. to date, at least $13 million has been spent on television ads in the governor's race. Some ads are being paid for by groups that refuse to disclose who's paying for them. Other ad campaigns rely on their own legal interpretation to sidestep laws and rules intended to place limits on ad campaigns being funded by large donors. [Source: AP]

See also:
» Russian hackers, long lines: What Florida elections officials are talking about

Florida Trend Exclusive
Transportation in Florida: Profile of an aviation company

GA Telesis

GA Telesis, a behind-the-scenes aviation company based in Fort Lauderdale, is having a growing impact on how the world flies. CEO Abdol Moabery spoke recently about GA Telesis substantial maintenance, repair and overhaul business, as well as about their leasing, global parts and distribution business. Full story here.

» First of a four-part series on transportation in Florida. Coming tomorrow: CitiMoov wins recognition for its app aimed at encouraging carpooling.

Opinion: Why empathetic leaders are good for business

It can be difficult for organizational leaders to empathize with their employees. Leaders are often intrinsically motivated to see their business succeed and have forgotten (or maybe never knew) what it is like to work merely to earn a paycheck. Many employees are just trying to make a living and aren’t as emotionally committed to the success of the business. [Source: Florida Today]

Opioid makers gave $1 million to Florida politicians over last 20 years

When she announced her lawsuit against some of the largest makers of opioids this week, Republican Attorney General Pam Bondi vowed the companies would "pay" for what they'd done. But for the last 20 years, they have been paying — to Florida politicians. [Source: Miami Herald]


› Graduations push Airbnb to biggest-ever weekend in Jacksonville
The online travel-rental firm Airbnb said recent college graduations made for the largest visitor numbers it has ever seen for Jacksonville. The late-April commencement weekend for Jacksonville University and the University of North Florida brought Airbnb 1,350 guests, a 66-percent increase from a week earlier.

› Retailers on the hot seat in Brevard
When people learned recently that Sears was closing its store in Titusville they didn't register surprise. If anything, they were surprised it has stayed open as long as it had.

› Bilked inventors won't recover much in FTC settlement with Florida patent 'scam' firm
World Patent Marketing won’t be allowed to market itself to would-be inventors anymore. The bad news is $25 million of the $26 million the company is accused of scamming is likely unrecoverable. See the news release about this case from the Federal Trade Commission, here.

› Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork
decade ago, the Great Recession put Hillsborough and Pinellas counties’ efforts to grow their foreign exports on hold. But since then those efforts have returned, gained support and momentum, expanded the range of their ambition and are now being organized under an initiative known as Global Tampa Bay.

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Florida Trend Video Pick

USA’s biggest palm collection faces future of sea level rise
USA’s biggest palm collection faces future of sea level rise

Montgomery Botanical Center in Miami has the country’s biggest collection of palms and cycads. After Hurricane Irma, the garden’s director wondered what it would look like with a century of sea level rise.

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