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| Florida set to let stimulas flow
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| Nearly two months after President Barack Obama signed the mammoth stimulus package into law, the trickle of money coming into Florida may finally be turned into a torrent. State lawmakers are today expected to give their blessing to spending nearly $4 billion for everything from helping teenagers get a summer job, to meals for the elderly, to widening and resurfacing roads across the state.
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| @ Sarasota Herald Tribune | Posted: 04/16/09 at 0201 EDST
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| For Florida borrowers, the gift of time
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Since January, the rate of residents in Sarasota and Manatee counties who lost their homes to foreclosure has fallen 66 percent, going from more than 400 cases per month to just over 100. The decline has nothing to do with the state of the real estate market or a sudden benevolence on the part of lenders. Instead, it reflects a policy set down by 12th Circuit Court Judge Lee Haworth that has effectively stopped the fast track of summary judgments allowing lenders to quickly gain control of properties from distressed borrowers.
Editor's Comment: Does anyone know where Judge Haworth has received his authority to make there ruling. Only one other county out of 67 is doing this. See the Editor's comment on ,www.REDNRadio.Com/Schedule.
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| @ Sarasota Herald Tribune | Posted: 04/16/09 at 0315 EDST
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| The Small-Business Myth
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The facts about who would pay proposed tax increases
Editor's Comment: This is a good read
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| @ Washington Post | Posted: 04/16/09 at 0320 EDST
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| Four Questions about the Financial Crisis
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Chairman Ben S. Bernanke At the Morehouse College, Atlanta, Georgia
Editor's Comment: This is a very good read. Econ 101 and above.
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| @ Federal Reserve Bank | Posted: 04/16/09 at 0330 EDST
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| Federal Reserve Beige Book - April 15, 2009
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This is the Fed's overview of the economy.
Editor's Comment: This is a good read
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| @ Federal Reserve Beige Book | Posted: 04/16/09 at 0345 EDST
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| This Tax Is for You
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Today is the dreaded April 15, but at least in Oregon it's even going to cost you more to drown in your tax sorrows. In their sober unwisdom, the state's pols plan to raise taxes by 1,900% on . . . beer. The tax would catapult to $52.21 from $2.60 a barrel. The money is intended to reduce Oregon's $3 billion budget deficit and, ostensibly, to pay for drug treatment. If it passes, Oregon will overnight become the most taxing state for suds, one-third higher than the next highest beer tax state, Alaska.
Editor's Comment: This is a large tax increase!!
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| @ Wall Street Journal | Posted: 04/16/09 at 0400 EDST
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| Intel says PC market hit bottom, but shares slide
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| Intel Corp beat quarterly expectations and declared the worst was over for a battered tech sector, but its shares slid 5 percent after it said economic uncertainty ruled out a clear revenue forecast. Intel said that for internal purposes, it was planning for revenue to come in flat after the first quarter's $7.1 billion, versus analysts' average estimate of $7 billion. Some, hoping for improvement in coming quarters, wondered if Intel was not being overly cautious.
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| @ Reuters | Posted: 04/16/09 at 0415 EDST
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| The Consumer Price Index for All Urban Consumers increased 0.2 percent in March. |
| The index has decreased 0.4 percent over the last year, the first 12 month decline since August 1955.
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| @ Bureau of Labor Statistics | Posted: 04/16/09 at 0419 EDST
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| Canada is Florida’s top economic partner
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| Not only is Canada the Sunshine State’s No.1 source of inbound visitors, but it’s also Florida’s No. 2 exporter – after Brazil – and one of the largest contributors of foreign direct investment in the state. In 2007, Canada enjoyed a trade surplus with Florida of $1.22 billion. However, it was more than made up through tourism receipts of $2.8 billion from Canadian visitors to Florida and $2 billion in real estate purchases, according to the report.
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| @ Orlando Business Journal | Posted: 04/16/09 at 0652 EDST
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| Canadian dollar touches its highest level in 13 weeks
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| The currency climbed as high as $1.2013 to the U.S. dollar, or 83.24 U.S. cents, which marked its strongest level since Jan. 12. That was comfortably above the $1.3066 to the U.S. dollar, or 76.53 U.S. cents, that it fell to on March 9, which marked its lowest point since September 2004.
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| @ Financial Post - CA | Posted: 04/16/09 at 0655 EDST
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| Canada's housing market shows signs of life
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| cautious optimism stems from fresh figures released by the country's real estate board that show the second consecutive rise in monthly existing-home sales in March after months of decline. The number of homes bought and sold last month rose by 7% to 31,135 units, seasonally adjusted, compared with February, which was already more than 10% better than January, the Canadian Real Estate Association said.
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| @ Financial Post - CA | Posted: 04/16/09 at 0655 EDST
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