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| Local group pushes for offshore drilling
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| A Bradenton-based grassroots group is hoping an unorthodox interpretation of a federal law will help open Florida waters to oil drilling. FloridaOil.org Inc. said Monday it is planning a petition drive to amend the state constitution next year, hoping Florida voters will require the state to claim waters now under federal control for oil and natural-gas exploration. The group hopes success at the ballot box will spur other states to do the same, thereby reducing U.S. dependence on foreign oil.
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| @ Bradenton Herald | Posted: 06/09/09 at 0201 EDST
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| Chip Waterman of Sarasota honored by WSJ ranking
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| Ranked No. 34 in the nation, he sold 254 properties last year.
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| @ Sarasota Herald Tribune | Posted: 06/09/09 at 0320 EDST
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| In reverse mortgages, benefits and pitfalls
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| It's the hottest corner of home lending: loans that let seniors turn home equity into cash. For some seniors, they are a lifesaver. For others, a trap
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| @ Sarasota Herald Tribune | Posted: 06/09/09 at 0330 EDST
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| Southwest Florida not a good area to find a new job, study shows
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| Naples-Marco Island and Cape Coral-Fort Myers rank as the second and third weakest for employment in the third quarter in a study by Manpower.
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| @ Naple Daily News | Posted: 06/09/09 at 0345 EDST
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| Co-op housing may make economic sense for some
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A housing cooperative forms when individuals create a nonprofit corporation to own the building in which they live. As a member of the cooperative, individual residents hold an ownership share in the corporation, which entitles them to a unit in the dwelling. Residents themselves run the co-op from electing a board of directors, hiring managerial staff and setting membership requirements.
Editor's Comment: This is a good read.
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| @ Chicago Sun Times | Posted: 06/09/09 at 0400 EDST
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| U.S. bailout panel: more bank stress tests needed
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| Bank stress tests should be repeated if the U.S. unemployment rate rises beyond levels assumed by regulators in a recent round of examinations that provided relief to markets.
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| @ Reuters
| Posted: 06/09/09 at 0415 EDST
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| Supreme Court stalls Chrysler sale to Fiat
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| Justice Ruth Bader Ginsburg stopped the pending sale of Chrysler to Fiat by issuing a stay. It's not yet known whether the Supreme Court will hear arguments from those who oppose the sale.
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| @ Miami Herald | Posted: 06/09/09 at 0419 EDST
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| McDonald's reports increase in sales in May
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| McDonald's Corp. said Monday that overall sales in its established stores climbed 5.1 percent in May as more people try to cut food costs. Sales have also been up slightly for the owner of 20 Southwest Florida McDonald's, despite the faltering economy. The Oak Brook, Ill.-based company said U.S. same-store sales climbed 2.8 percent, helped by classic menu items and its new McCafe espresso-based coffees. The espresso drinks are now being rolled out to all the company's U.S. restaurants.
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| @ Ft. Myers News Press | Posted: 06/09/09 at 0315 EDST
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| Job outlook stable in many large economies: Manpower
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| A forward-looking measure of hiring expectations held steady in the United States and other large economies amid signs employment is starting to stabilize, but prospects in several countries worsened, according to a quarterly survey by Manpower Inc. The global staffing services company said its seasonally adjusted U.S. net employment outlook remained at minus-2 for the third quarter, unchanged from the second quarter but down from a reading of plus-12 a year ago.
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| @ Reuters | Posted: 06/09/09 at 0646 EDST
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| House prices in London expected to rise
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| London’s housing market is set for a quicker recovery than the rest of the UK, according to the latest survey by the Royal Institution for Chartered Surveyors. Estate agents expect house prices in the capital to rise for the first time in nearly two years, the research shows.
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| @ Financial Times - UK | Posted: 06/09/09 at 0652 EDST
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| U.K. Housing Market May Be ‘Stabilizing,’
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| The number of respondents in the monthly survey saying home values fell exceeded those reporting gains by 44.1 percentage points, the best reading since November 2007
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| @ Bloomberg News | Posted: 06/09/09 at 0655 EDST
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