Economic Crisis

Glengarry Glen Ross at Main Street Playhouse Through May 19

Charlie Crist Says Obama "Saved Florida": Republicans Fume, Democrats Shrug

Last night, Charlie Crist completed his nasty two-year break-up with conservatives. When he strolled onto the DNC set in Charlotte, the Republican establishment he once belonged to collectively winced. Then it watched the former Florida governor openly praise President Barack Obama."But even as the ... More >>

Million-Dollar Mermaids

Alan Farago: Eye on the Everglades

Miami Hit Harder By Recession Than Almost Any Other City On Earth

​Next time someone tells you, "Eh, this recession hasn't sucked that much in Miami," whip out this interactive economic graphic report that the Brookings Institute just published. The think tank's conclusions are stunning: Of 200 global cities they analyzed, Miami's economy was harder hit by the r ... More >>

Almost Half of Floridians Think Republicans Are Intentionally Trying to Hurt the Economy

Some Democrats have accused Republicans of intentionally trying to slow economic recovery for political gain. Republicans have tried to dismiss that theory, but it's not just partisan Dems who believe it. Nearly half of voters in Florida believe "Republicans are intentionally hindering efforts to bo ... More >>

Wells Fargo Laid Off 258 Employees in Doral, Released Report Saying Jobs in South Florida Are on the Rise

​Yesterday, Wells Fargo laid off 258 employees at a call center in Doral. But fear not, former Wells Fargo workers! Today, Wells Fargo released a report saying South Florida will help lead the state in job growth over the next year. Just apparently not the call-center jobs at Wells Fargo.

Miami's Home Price Index Hits Lowest Level Since Peak

​The nation may be slowly moving out of recession, but Miami's real estate market may not be out of the woods yet.  Standard & Poor's Case-Shiller Home Price Indices track national housing prices, as well as sales in twenty different metro areas. New numbers released today show that Miami ... More >>

Now playing: Inside Job

After Historic Decline, Florida's Population is Growing Again

​Between 2008 and 2009 Florida's population shrunk for the first time since World War II. The net loss of 58,000 residents was attributed to the recession and real estate woes. Now, the University of Florida says Florida's population is back on the rise, and says that may be a good sign for t ... More >>

Screw the American Dream

Marco Rubio Calls for More Tax Cuts, But Could That Hurt The Economy More?

​It seems so simple that Republicans have taken it as fact: tax cuts will lead to greater economic strength. Lower taxes mean people have more money to spend, businesses have more payroll to add jobs, and hence our economy should get a jolt, right? It's no surprise that Marco Rubio has now come ou ... More >>

Gen Art Closes After Sixteen Years in Business

Farewell old friend.​Gen Art, the organization that specialized in supporting and exposing emerging talents in the fields of fashion, film, music and visual art will officially close after sixteen years in business. Gen Art had offices in Miami, as well as New York, LA, Chicago and San Francisco." ... More >>

51 Percent of Miami-Dade's Unsold Condos Are in Brickell

​Brickell, the so-called Manhattan of the South, was supposed to be Miami's next hot spot. Developers fully bought into the idea, and for a while it seemed a new luxury condo high-rise was breaking ground every other month. Then, whoops, the housing bubble burst, the recession hit, and m ... More >>

Saved by the Bell

Basel Brought The Box to Nikki Beach

​ There was plenty of imported NY snatch traipsing around Miami for Basel but perhaps the most famous receptacle of naughty body parts designed to give you pleasure was the aptly named, The Box. Straight from the Lower East Side and towing a reputation for providing some of the most naughty, ... More >>

President Obama fails to go after those responsible for the financial meltdown

Capitalism: A Love Story sells the same old Michael Moore shtick

Tipster Tells Gawker Gen Art "Deserves to Die"

via GenArt.orgAccording to a Gawker tipster, the winner of this year's Gen Art Film Festival hasn't been paid yet.​If anyone has obviously been hurt by the recession its been Gen Art. When things got tough, sponsors became more scarce, and as non-profit Gen Art depends on them. This is perhaps why ... More >>

Crispin Porter: Is Boutique Advertising Dead?

​Crispin Porter Bogusky has long been an anchor of Miami business. Cool, Coconut Grove and booming. But now it's on the decline, and this smells bad for the South Florida economy. Indeed, as the recession cools off spending among high end consumers, the falling fortunes of this leader in boutiqu ... More >>

Do Mark Ronson's Gucci Sneakers Mean the Recession Will be Over in Time for Art Basel?

via Dazed DigitalMark Ronson for Gucci​The dark cloud of global financial collapse hung over last year's Art Basel Miami Beach. Complimentary caviar was a rare commodity. Gift bags filled with limited edition designer doo-hickees were in short supply. Party hosts had to op ... More >>

Report: Shaq's House Sold With $19 Million Discount

via Kevin TomlinsonThere once was a time, before the real estate crash, before the credit crunch, and before the global economic meltdown, when Shaquille O'Neal figured he could sell his Star Island mansion for between $32 and $35 million. That was 2005, and this is now. Joan Fleischman reporte ... More >>

Report: Floridians Hit Hard by Recession; Lost $1.2 Trillion in Household Wealth

via Josie B's flickrIt's hard to illustrate these type stories, but this seems appropriately depressing. It's more of a mood pic. Well, your bank account may already know this, but a new Wachovia report says that Florida was hit the hardest by the recession. Here's your depressing factoids ... More >>

305 Photo of the Day: Depression Employment

The Acme Employment Office on Miami Beach. Today's photo comes to us via the Library of Congress and the year 1939, two years before the Great Depression ended. If you thought getting a job now was tough...

No Cash in the Coffers

Miami's Mayoral frontrunners struggle to raise money in recession.

Dance to the Depression

Nannies: The Latest Victims of the Recession

What was she to do, where was she to go? She was out on her fanny. Recession stories are getting pretty standard, and boring. One formula goes like this: find some nice industry and find out how the recession is hitting it. CNN just filed one, about nannies, focusing mainly on Miami. Amanda Mezyk is ... More >>

WMC 2009: La India to Make an Appearance the Shelborne This Afternoon

For the Latin music lovers out there, WMC hasn't forgotten about you. Our sources at the Shelborne say salsa princess La India is slated to make a cameo some time this afternoon, er, which is basically now. The hotel is hosting DJ Magazine's Recession Sessions so this ought to be interesting. We're ... More >>

Carnival Cruises Staying Afloat Fine During Recession

I imagine being stuck on a boat with a bunch of cruise ship people is bad enough, but recently returning to Miami I was stuck on a plane full of cruise ship people. Pure airline hell: horrendously behaved toddlers, people eating strange smelling food, and quite a few folks who maybe should have aske ... More >>

Housing Prices Have Dropped 32% In The Last Year

Integrated Asset Services released their latest IAS360 House Price Index, and as you might expect, the news isn't good. Between January of this year and January 2008 housing prices have dropped a total of 28.4% in South Florida. That's 29.1% in Broward, 18.8% in Palm Beach, and a whopping 32.3% in M ... More >>

UM Addresses The Impact of Econ Crisis

Nothing is immune to the economic crisis, not even the palm tree'd oasis in Coral Gables known as the University of Miami. After many alumnus expressed their concern, president Donna Shalala sent out a letter to all alum today addressing the impact on UM. Here's the highlights: UM has made a lot of ... More >>

Irene Marie Models Sashays Off The Runway For Good

Irene Marie Models, one of the first modeling agencies to call South Beach home has shut its doors and may file for bankruptcy. While we'd like to blame that dismal reality show 8th & Ocean for ruining its credibility, The Herald has the official reason. Spoiler alert: it's the recession. We're ... More >>

This Is your Real Estate Brain. This Is Your Real Estate Brain After the Recession

via TLCHere's the basic rundown on financially ruined Miami mega-realtor Carlos Justos, from an ABC News Profile.This is Justo before the recession: $7 million waterfront home. Star of the Bravo series Million Dollar Agents. Clientele including big shots such as the Estefans. $20 million net worth. ... More >>

Florida Lawmakers Argue over Novelty Lighters Ban

via NY Dept of StateIn case you haven't noticed, we're in the middle of some serious stuff right now, politically speaking. Oh, you know, greatest economic downturn since the Great Depression, underfunded schools, a failing health-care system -- that kind of stuff. Which is why we're just so glad th ... More >>

Developer Tibor Hollo Helped Build Miami

An epic condo bust can't burst his bubble.

We’re Dreaming of a Fly Christmas

And the sales are at Hip E. and Downtown Divas.

Damien Hirst's Worth Found Dead, Preserved in Formaldehyde

Sad is the day when no one wants to pay millions and millions of dollars for dissected animals in formaldehyde cubes or diamond encrusted skulls. Portfolio is citing Art Basel Miami Beach as the proof that infamous British artists Damien Hirst's bubble has burst. The man's work used to go for astoun ... More >>

Can we build a wall to keep these damn Mexicans in?

Remember when America was so prosperous that we were debating ways of keeping our neighbors from breaking into our country to steal our crumbs? So much so that we were building a big fence- sort of like the Berlin Wall because that worked out so well for Germany?That was August- the good old days, w ... More >>

Crooked Lawyers Get Caught

Hey, they were just trying to make a buck during this recession.

Last Night: The Wizard of Oz at the Arsht Center

Latest Sign of the Apocalypse: $4 Beers at Zeke's

Latest Sign of the Apocalypse: $4 beers at Zeke's

We'd Kiss Birdman For a Milli Too

The Bailout, Never Forget

Retail Therapy

Shop till you drop at Jungle Island, of all places.

News Roundup

As Unemployment Rises, Economists Say We May Be In A Recession

Tomorrow Never Dies

Sugar leavened with enough spice makes tasty holiday fare

Get Monked Up

Monk and Rabbit in the Moon and attention-deficit-disorder music

Program Notes