Monday's Daily Pulse
Government shutdown: What would happen?
A government shutdown would have far-reaching consequences for some, but minimal impact on others. The AP offers a look at how services would or would not be affected if Congress fails to reach an agreement averting a government shutdown at midnight Monday. [Source: AP]
Related:
» Clock ticks on government shutdown
» A Trip Down Government Shutdown Lane
» As the clock ticks toward a government shutdown, who's driving the debate?
» Government shutdown nears as lawmakers trade blame
Florida Trend Exclusive
Banking: Playing in the distressed field
The bloated number of sinking Florida loans on bank books since 2007 has attracted a boatload of bottom-fishers to the state in recent years. New arrivals have found Chris Moench well-established. Moench has worked in the field of investing in performing, sub-performing and distressed commercial loans since 1994. Read the full story here and see also:
» Alan Levan of BBX Capital finds gold in "toxic assets"
Health insurance for all? In Florida, 1 million will be left out
Because of a split ruling from the U.S. Supreme Court and a decision of the Florida Legislature, 1 million poor Floridians will not qualify for government-managed Medicaid or any tax subsidies to purchase health insurance on their own starting next year. [Source: Tampa Bay Times]
See also:
» What you should know before buying insurance online
» Quiz: Is Florida's new health insurance exchange for you?
» Health-law launch faces glitches
After recession, economic gap widens
Amid a gradually recovering national economy, the top 10 percent of the nation's wage earners, especially, have benefitted from a rising stock market and exploding home sales. But many Floridians contend that the downturn never ended. [Source: Sarasota Herald-Tribune]
Flood-insurance rate increase hits hard in Florida
Flood insurance premiums will shoot up for thousands of Florida businesses and homeowners starting Tuesday, sparking fears that the rate spike will thwart home sales and erode property values in many of the state's low-lying communities. [Source: Orlando Sentinel]
ALSO AROUND FLORIDA:
› Business growth way up in S. Florida [South Florida Sun-Sentinel]
South Florida has 7,230 more businesses than a year ago, aggressively reversing the trend of the Great Recession and growing at a rate far faster than the national average. Broward, Palm Beach and Miami-Dade counties — which suffered more than the rest of the country during the recession — is experiencing a quicker bounce-back.
› Plan for medical waste incinerator stirs opposition in Live Oak [Gainesville Sun]
Plans for a medical waste incinerator in Suwannee County have stirred community concern and opposition. Integrated Waste Management Systems, a Pennsylvania-based company that formed last year, plans to build a facility of as many as four incinerators capable of burning a total of 120 tons a day of medical and infectious waste.
› Gatorade Inventor Honored With Great Floridian Award [WUFT]
The late Dr. James Robert Cade, lead inventor behind Gatorade, was honored with the Great Floridian award Thursday, which would have been his 86th birthday. The Cade Museum in Gainesville, where the ceremony was held, is a science and mechanical museum meant to foster creativity in children.
» Icon: James Robert Cade
› Shoppers can't mask their Halloween spirit [South Florida Sun-Sentinel]
As the Oct. 31 holiday creeps up, Floridians are heading to stores with shopping lists that also include spider webs, skeletons, and cute or often frightening costumes.
Go to page 2 for more stories ...
› After devastating loss, Alex Sink pauses her political journey [Tampa Bay Times]
She had hoped to decide by January. Then she said summer, which turned into September. All year, she had agonized: Should she run for governor again? Finally, with time to launch a campaign running out, Alex Sink broke the news Sept. 20: She would not try in 2014 for the job she almost won in 2010.
› CordaRoy’s Sales Boom After Shark Tank Appearance [Gainesville Business Report]
CordaRoy’s, Gainesville’s successful beanbag furniture company, was featured for the first time on QVC last Friday, Sept. 27. CordaRoy’s owner Byron Young appeared on ABC’s Shark Tank in March, where investor Lori Greiner took a 58 percent interest in the company for a $200,000 investment.
› IRS tipping changes could mean headaches for food service workers [Florida Today]
Stefanie Fariss has been in the food service industry for nearly four decades, starting as a bartender when she was 18. Tips have been a big part of her income over the years. Now, she and her colleagues are facing changes in how they’ll be compensated for their service to restaurant patrons.
› From policy to pupils: Education is Jon Hage's business [South Florida Sun-Sentinel]
His mother was an educator. His father was an educator. His brothers became educators. He married an educator. But Jonathan Hage is the odd man out. "I'm the only noneducator in my family," Hage admits. And yet, as the founder and CEO of Charter Schools USA (CSUSA), Hage has made education his business.