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Thursday's Afternoon Update

Florida to receive $3.25 billion from BP settlement

Five years after globs of oil from the Deepwater Horizon disaster tainted the Panhandle's sugar-white beaches, petroleum giant BP agreed Thursday to an $18.7 billion settlement with Florida and four other gulf states as well as the federal government. Florida's share will be $3.25 billion. See statement from Gov. Rick Scott and read more at the Tampa Bay Times and Bloomberg.

Home loans replace cash as the main way to buy a house

Cash has dominated the real-estate market, with more than half of all sales in the Sunshine State for 64 straight months. But in May, cash funded only 47 percent of all home sales in the state, according to a report released Thursday by RealtyTrac. More at the Orlando Sentinel.

Act like a lady, dress like a boss

It’s no coincidence that powerful women rarely look disheveled. Taking care of yourself and investing in your appearance sends a positive message about who you are and how you want to be treated. Dressing powerfully means dressing confidently. More at the Gainesville Business Report.

Making sense of Miami: what America's strangest city says about the U.S.'s future

The dizzying blend of accents entices some visitors and alarms others. But as the US gets ever-closer to Cuba, long-time Miami resident Michael Deibert asks: what can the rest of America learn from its own multicultural metropolis? More at the Guardian.

AAA expects record travel for July 4th weekend

AAA projects 41.9 million Americans will journey 50 miles or more from home this Independence Day, the most since 2007 and a 0.7 percent increase from the 41.6 million people who traveled last year. More from WINK News.

Luxury Trends
Flying on a private jet is getting much cheaper

private jets The appeal of private air travel is hard to ignore: easy-to-reach airports, quiet terminals, no lines or long waits, reliable departure times, a peaceful flight. Several upstart companies are now allowing travelers to book single seats rather than entire planes—finally making this form of travel relatively affordable.

» More from Fortune.

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Goo-spewing worm latest threat to South Florida

new guinea flatworm It has a goo-spewing mouth on its belly, is covered in toxic slime, hosts a brain-eating parasite and, like any ambitious mutant monster, the New Guinea flatworm is invading the U.S. by way of sunny Miami. There’s also this: the worm is hermaphroditic, so it can multiply anywhere, anytime. No assistance needed.

» More from the Miami Herald