At the heart of the Occupy Wall Street movement is disgust over the well-documented increase of income inequality in America over the past few decades and the slow disappearance of a robust middle class. While New York City is certainly an apt place for the center of those protests, Miami…
Tony Sparano is downsizing.Not just his ambitions for the Dolphins’ season. Those went out the window weeks ago. No, he’s downgrading his personal grandeur as well. The buzz-cutted-est coach in the NFL is selling his $1.7 million mansion in Davie.While many critics have gleefully taken it as a sign of…
It’s that time again when Coca-Cola holiday commercials constantly remind you ’tis the season to be giving.But every time you plug in that Christmas tree, electric Hanukkah ornament, or turkey carver, you’re only donating to one company: Florida Power and Light.Today, state regulators ignored arguments by consumer advocates and politicians,…
The University of Miami is getting into the hotel business withplans to construct an 18-story hotel as part of its Life Science and Technology Park. However, given its Overtown location, it will not target regular tourists. The hotel will include conference space and hopes to attract medical conferences and provide…
If Occupy Miami protesters are angry about out-of-control banks taking and mismanaging money from the public coffers, then perhaps they should move their protest to the parking lot of U.S. Century Bank’s headquarters out in Doral. The bank received $50.2 million in TARP assets in 2009, but ProPublica reports that…
Thanks to unbelievable unemployment rates, two U.S. wars that went nowhere good, and about a million other awful current American realities, what was once comfortable enough has become unbearable.Economic inequality and the corporate influence over governmental affairs have pushed those in New York, Chicago, and DC to give up the…
Donald Trump may no longer be flirting with becoming the leader of the free world, but he’s extending his empire of golf resorts by agreeing to purchase the Doral Golf Resort & Spa for a cool $170 million. The property was put into bankruptcy earlier this year…
A few weeks ago, bigwigs at the Florida Miami Marlins announced they were putting the final touches on the team’s new stadium in Little Havana. The coup de grace: a rubber membrane designed to reduce the glare off its bulbous, retractable metal roof. Soon the stadium will be shrink-wrapped in the…
Big man Alonzo Mourning is looking to downsize, so he’s put his eight-bedroom, eight-bath Coral Gables mansion on the market. The 13,000-square-foot pad was only built in 2004, and the former Miami Heat superstar is asking $14.5 million to move into the waterfront home in the gated Coral Gables Estates…
LeBron James, being the business mogul that he is, and his partners launched Sheets energy strips earlier this year. They’re like those dissolvable breath freshener strips, except they contain caffeine and other energy supplements.Well, someone in the marketing department over at Sheets HQ really, really finds the fact that sheet…
It’s not news that Americans love buying cheap Chinese-made goods, but the disparity between how much we import from China and how much we export to the country has resulted in about 2.8 million American jobs being displaced to China between 2001 and 2010. Florida has been particularly hard hit,…
The latest edition of the Forbes 400 is out, and 21 of the most filthy rich scions in America call humble little South Florida their primary home. Micky Arison, Miami Heat owner and Carnival Cruises CEO has the biggest moneybags in Miami with a net worth of $4.2 billion. That…
As America hurtles toward a second scoop of recession and you struggle to make ends meet, you should know this: Some of this nation’s wealthiest citizens are squabbling over a minute stretch of asphalt. On a recent weekday, Riptide traversed where few plebeians without landscaping licenses have gone before: Indian…
Though the unemployment rate at both the national and state levels remains stagnant or sagging, the job market in Miami-Dade continues to make gains. From August 2010 to last month, 13,900 jobs were added in Miami-Dade. However, our seasonally adjusted unemployment rate still sits at 12.2, down slightly from from 13.0 in…
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…
Get ready for the idea of giant sail-looking buildings staring at you from Biscayne Bay, and perhaps more important, prepare for the idea of a casino in downtown Miami. Genting has revealed its plans for the giant resort complex it wants to plop onto the current site of the Miami…
Is there Twitter trouble in basketball paradise? Dwyane Wade and LeBron James took to Twitter to insult each other. Actually it was in good fun, because, as we’re beginning to notice, these guys are so totally bored during the NBA lockout…
If you have electricity in your house, you have paid FPL $268 million ostensibly to build two new reactors at Turkey Point. You’ll probably pay nearly $200 million more in 2012. Problem is, those reactors may never be built. Last week we warned that the utility’s Turkey Point plant could be under water in…
After unloading the Coral Gables spread he shared with his ex a few years ago, Yankees slugger Alex Rodriguez has finally found new digs in Miami-Dade. A-Rod just shelled out a reported $24 million for a Miami Beach mansion that he plans to share with current girlfriend Cameron Diaz…
So far in 2011, 18,098 jobs have been cut in Florida. That makes the Sunshine State fifth for job cuts in America. Way to go, “Job Governor” Rick Scott!The data comes from a job-cut announcement report by outplacement consulting firm Challenger, Gray & Christmas…
Despite the fact that the unemployment rate in Miami remains savagely high, there’s some emerging signs that certain segments of our economy are bouncing back. The tourism industry has been doing surprisingly well over the summer, leading some to wonder if tourist season now extends year round. Room booking rates…
Like most people in Miami, you have a checking account that is still feeling stressed. This means whether you’re buying a few too many drinks at an overpriced bar before your next paycheck or just trying to put food on the table, you’re probably overdrafting once in a while. At…
