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| Bidders line up to acquire ailing Coral Gables based BankUnited
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| BankUnited's fate is in the hands of the FDIC as the agency reviews bids from three potential acquirers.
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| @ Miami Herald | Posted: 05/21/09 at 0201 EDST
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| Florida bankers brace for FDIC hit
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| Area bankers are waiting to see if they will take a hit from a major one-time assessment from the Federal Deposit Insurance Corp. to insure their deposits. Charles Brown III, president of Insignia Bank in Sarasota, says the special assessment proposed to help shore up the FDIC’s insurance fund would translate to a six-figure payout from his bank. “We pay about $70,000 (annually) right now, and it could be anywhere from $200,000 to $300,000,” Brown says. “It would have a significantly negative impact in a banker’s eyes.”
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| @ Bradenton Herald | Posted: 05/21/09 at 0315 EDST
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| Development bill divides Floridians
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| More than 300,000 residential units sit empty across Florida, 64,588 properties were in foreclosure last month, second only to Nevada, and real estate prices are still plummeting. Nonetheless, state lawmakers are making it easier for developers to add even more. Gov. Charlie Crist now has a bill on his desk, which he said Wednesday he "probably will" sign, that would ease government oversight and exempt many areas from a requirement that says builders must pay for road improvements if traffic generated by their projects exceeds the local capacity.
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| @ Sarasota Herald Tribune | Posted: 05/21/09 at 0320 EDST
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| Most of Tampa Bay area's biggest companies are shrinking
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The St. Petersburg Times' annual glimpse into the Tampa Bay area's 10 biggest companies by revenue has never seen a shakeup quite like this. • The overhaul in the Times 10 isn't a matter of who made the roster. The sole lineup change this year: Struggling boat retailer MarineMax fell off while home shopping icon HSN debuted in the No. 7 slot as a newly minted public company.
>br>Editor's Comment: This is a good read.
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| @ St. Petersburg Times | Posted: 05/21/09 at 0330 EDST
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| Rich to pay a price for Obama policies
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| As President Obama tries to close gap between rich and poor, wealthy could foot the bill
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| @ Chicago Tribune | Posted: 05/21/09 at 0345 EDST
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| Woodford County, Illinois takes in more money for wind farm projects
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| The new wind farm is called Roanoke LLC, but is located between Benson and Minonk on 6,000 acres northwest of Illinois 116 and Interstate 39. It is for 52, 410-foot turbines generating 100 megawatts of electricity.
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| @ Bloomington, Il Pantagraph | Posted: 05/21/09 at 0400 EDST
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| The Hubble: Real Men at Work
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Amid our obsession with what's wrong comes a magnificent success.
Editor's Comment: This is an excellent read.
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| @ Wall Street Journal | Posted: 05/21/09 at 0415 EDST
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| FOMC Minutes
Tests Laid On Less Stress Than Fed Forecast
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| The stress tests of the 19 largest banks assumed that unemployment in the worst case would be 8.9% in 2009. Minutes of the Federal Reserve's April meeting show that the governors of the Federal Reserve, and the presidents of the Fed's 12 regional banks, were working with a projection that the jobless rate would be between 9.2% and 9.6%.
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| @ Forbes | Posted: 05/21/09 at 0419 EDST
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| Canadians hoarding their cash
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| The trend toward saving more and shopping less could last for up to five years, as Canadians try to rebuild their personal savings amid languishing house and stock prices and painful memories of the recession, a new economic report suggests. Savings rates began climbing last year, reaching a six-year high of 4.7 per cent by the end of 2008, up from an average of 2.9 per cent for the previous five-year period.
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| @ Toronto Star | Posted: 05/21/09 at 0646 EDST
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| List of German Companies Needing Help Grows Longer
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| Chancellor Angela Merkel's government has set aside 115 billion euros to help tottering German companies. But with some of the country's largest firms lining up for aid, Berlin is struggling to decide who qualifies for help.
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| @ Der Spiegel | Posted: 05/21/09 at 0652 EDST
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| Jamacian private sector leaders blast sloppy civil servants
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| Chairman of the state-run Tourism Enhancement Fund (TEF) and industry veteran, Godfrey Dyer, believes that the root of the problem lies with persons who are expected to facilitate government initiatives, but don't due to political reasons. "In Jamaica, we have a government that went into power nearly two years now, using the same tired people that were in there for 18 years or more to execute a new dream and nothing, or very little, is happening," said Dyer, who called on Prime Minister Bruce Golding to take "strong action" in replacing some public servants in key positions.
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| @ Jamaica Observer | Posted: 05/21/09 at 0655 EDST
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