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.
Florida
Get Ready for a Thunderous Afternoon and Evening, with Possible “Isolated Tornadoes”
Get those weather radios, flashlights and emergency kits checked. Heavy, drenching, noisy storms with tropical postmarks are on their way to Flagler, with heaviest downpours between 3 and 11 p.m.
Florida Unions Looking to Reward Moderate Republicans for Support–and Influence
Following a brutal legislative session that brought them to the brink, Florida’s public employee unions are shifting strategy and rewarding moderate Republicans in hopes of re-amplifying their diminished influence in Tallahassee.
Flagler’s State Lawmakers Lend an Ear to Local Pleas in Annual Wish-Listing Ritual
Gambling regulations, state dollars for Flagler’s roads, warnings against the unintended consequences of state budget cuts and numerous more local concerns busied the nearly two-hour meeting between Flagler’s state lawmakers and local politicians, organizations and citizens.
Gov. Scott Proposes Corporate Tax Cuts Even As Florida Faces a Deficit of Up to $2 Billion
Gov. Rick Scott wants to double the corporate income tax exemption to $50,000 and eliminate the tangible tax for half of the state’s 300,000 businesses that now pay it. It’s part of his plan to eliminate all corporate taxes ins even years.
Hans Tanzler III is Scaled Back St. Johns Water Management District’s New Director
Hans Tanzler’s tenure will dovetail with Gov. Rick Scott’s directive to make the district a friend rather than a regulator of big water users and applicants, such as utilities, developers and large landowners.
Universities Defend Against Rick Scott’s Primitive War on Anthropologists
Not wanting tax dollars spent educating anthropologists, Rick Scott appeared unaware that the science is among the STEM disciplines (science, technology, engineering and math) he himself is emphasizing to add jobs in Florida.
Bleak and Bleaker: State Revenue to Fall Another $2.5 Billion Over the Next 2 Years
The Legislature’s revenue estimating economists today announced a shortfall of about $1 billion for the coming year and $1.5 billion the following year. Rick Scott continues to rule out tax increases.
Rubio’s Rig: Florida’s Answer to Obama Health Law Leaving Small Businesses Cold
Florida’s Marco Rubio-created insurance exchanges aren’t open to individuals, provide no subsidies or tax credits, and no essential health benefits, as federal plans do. The exchanges have not been popular.
Florida Is No. 1–In Costs and Effects of Hunger
In the past 3 years, costs related to hunger rose 62 percent in Florida. In 2010, the state’s hunger bill was $11.7 billion, or six times more than the $1.75 billion in budget cuts Gov. Rick Scott proposed for public schools.