Industries that Don’t Recover Affect Coral Gables and Florida

September 10, 2010 Leave a comment

There are some messages in this article that are relevant to Coral Gables and South Florida.  Some of the key industries that will not recover in the foreseeable future include: state and local government; construction;  installation, maintenance and repair; newspapers; realtors; bank tellers; airline employees; big telecom; pharmaceuticals; and automotive manufactures.

It has become clear that jobs in some industries may never come back or if they do it will take years or decades for a recovery. 24/7 Wall St. examined the Bureau of Labor Statistics’ “Employment Situation Summary” and a number of sources that show layoffs by company and sector. The weakness in these sectors will make it harder for the private industry, even aided by the government, to bring down total unemployment  from 9.6% and replace the 8.3 million jobs lost during the recession. The losses in these industries have to be offset by growth in others before there can be any net increase in American employment.

via The Ten American Industries Which Will Never Recover – 24/7 Wall St..

Filed under Coral Gables, Economy, Florida, Housing, National

Note to Voters on Mr. Kendrick Meek

September 7, 2010 Leave a comment

As a voter, it seems to me your options are, as follows:

  1. If you like Marco Rubio–do nothing.
  2. If you like Charlie Crist–ask Mr. Meek to drop out.
  3. (Tongue in cheek) If you like Kendrick Meek–ask Mr. Meek to drop out.

Filed under Florida, Politics

Florida’s High-Speed Answer to a Foreclosure Mess – NYTimes.com

September 5, 2010 1 Comment

Do not fail to read this, an article about how the Florida legal system handles foreclosures, is dominated by lawyers and big financial interests, and fails to take into account the apparent victims of the system.

Florida’s High-Speed Answer to a Foreclosure Mess

via Florida’s High-Speed Answer to a Foreclosure Mess – NYTimes.com.

Filed under Economy, Florida, Housing

More Economic Aid (Stimulus): About Time

September 3, 2010 Leave a comment

Finally, the Administration has accepted that the initial stimulus package was not enough to bring employment back up.  This will benefit Florida and Coral Gables, especially, because the state’s unemployment rate is a good 20% higher than the national average.

Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.

Obama spoke in the Rose Garden after the August jobs report came out better than expected, showing the private sector adding 67,000 new jobs last month and revising upward the numbers from June and July. But unemployment ticked upward to 9.6 percent as more people entered the job market, and the president said it wasn’t good enough.

…

Obama’s package could include a number of provisions that have languished in Congress for much of the year, including infrastructure bonds for municipalities and extensions for a series of tax breaks for businesses and individuals that expired at the end of 2009. Democratic leaders are considering making one of the tax breaks permanent, for businesses that invest in research and development.via

The Associated Press: Obama planning new package of economic aid.

Filed under Economy, Florida

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