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Economy
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What I Learned Occupying Wall Street and DC
The unemployed, the foreclosed, and the sick-of-it-all are coming together to discuss the world that we want to see and how to get there, says Lacy MacAuley, an activist, in an attempt to define the movement’s purpose.
Unemployment Largely Stalled: 14.6% in Flagler, 10.6% in Florida; Scott in Brazil
With Florida Gov. Rick Scott touting a recovery from a trip in Brazil with 180 politicians, pals and business interests, Florida’s and Flagler’s unemployment numbers remained more static, 20 percent of Floridians either out of work or under-employed.
Cole Bros. Circus Comes to Palm Coast Trailing History of Violations and Animal Abuse Charges
Cole Brothers Circus owner John Pugh pleaded guilty in February to violating the Endangered Species Act and the circus was fined $150,000, and both face a long list of animal abuse and neglect charges from the USDA.
Existing Home Sales Just Under 5 Million, 11.3% Better Than Last September
Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of Realtors.
Heiser Time Over: Tourism Council’s Trusted Executive Resigns; Turbulence Ahead
Peggy Heiser’s resignation, attributed to family priorities, will have political and economic ramifications as the Chamber of Commerce’s Doug Baxter–not the tourism council or the county commission–chooses a successor.
Palm Coast Pinch-Hits for Troubled Marathon Promoter Dean Reinke, Securing TDC Grant
Half-Marathon promoter Dean Reinke’s Dean Reinke Sports Group attempted three times to get Tourist Development Council subsidies in the last two years and was turned down because of deceptive practices. Palm Coast government stepped in and got the grant for the January event.
A Florida Bank’s Rise and Fall Spotlights Fast-and-Loose Culture Plaguing the Economy
The rise and fall of U.S. Century, whose leaders used it as their own corporate ATM, exemplifies the failure to regulate banking during the boom years and the slipshod approach to the bailout. Losers are taxpayers and Florida residents grappling with ill effects of sprawl.
Mike Taschler, Palm Coast Data VP and COO, Is Out as Revenue Continues to Fall
Taschler’s departure follows less than three months after the resignation of Palm Coast Data CEO John Meneough, and three weeks after the company posted another steep revenue decline.
The 99% Answer the 53%
In what has turned into one of the most virally circulated pieces of the year, Max Udargo explains the Occupy Wall Street movement to a conservative critic who calls himself part of the 53 percent.