It looks like an inheritance is the going to be the latest casualty of the Great Recession. CBS4′s Chief Consumer Investigator Al Sunshine explains why.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
While candidates from both parties continue to campaign, a looming fiscal cliff is set to possibly cripple the economy starting January 1. The fiscal cliff, along with the paralysis in Congress, has led Moody’s Credit Agency to warn of another downgrade to the U.S. credit rating.
South Florida’s role in the housing crisis has been well documented, but there finally may be some good news rolling in for homeowners.
As the 2012 election heats up, a dismal jobs report for May is showing that while corporations and CEO’s are recovered from the Great Recession; the working class is far behind.
South Florida has relied on tourism to keep the area growing during the Great Recession. But, one key group of tourists, Europeans may be about to undergo even more economic hardship that could impact tourism and U.S. politics in an election year.
President Barack Obama inherited one of the most depressed housing markets in U.S. history especially in Florida. As he starts his re-election campaign, Floridians are saying he still hasn’t done enough to help them or punish Wall Street.
South Florida’s lifeblood is the tourism industry, with foreign tourists making up a large portion of the travelers. That’s why France’s election and a new sentiment popping up in Europe could impact South Florida and both political parties in the United States.
If being out of a job isn’t bad enough, Florida’s unemployed workers are about to get some more bad news.
The 2012 general election is still in the early stages, but if the last 48 hours are indication; the election promises to be an especially brutal partisan fight between President Barack Obama and Republican challenger Mitt Romney.