Foreclosures have crippled the South Florida home market since the Great Recession hit and while the rest of the nation has started to show improvement, Florida continues to struggle to recover from the worst economic collapse since the Great Depression.
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.
A new budget forecast released this week by state economists shows the state is expecting in 2013 to bring in enough money to meet its needs for public schools and health care programs, with $1 billion still left for reserves.
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.
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 Great Recession has taken a large toll on the Florida workforce, even after the recession technically ended.
A popular program which aims to restructure struggling homeowner’s mortgages is in Miami for one more day.