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☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ More people are working well past retirement age. It’s not easy
▼ + stars: | 2024-04-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +11 min

So last October, at the age of 80, Murray ended her retirement and got a job giving out samples at Costco. Forecasters expect that cohort of older , working Americans to double over the next decade. “More people are working at desk jobs that don’t require much physical labor,” said Gal Wettstein, a senior research economist at the Center for Retirement Research at Boston College. “That’s people who are changing jobs, younger workers and non-college educated workers.” Older workers tend not to change jobs, and they’re more likely to have a college degree. The Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older in the workplace.

Persons: Hope Murray, ”, Murray, she’ll, “, Murray isn’t, Gal Wettstein, Monique Morrissey, ” Morrissey, What’s, Heidi Brockway, Brockway, Morrissey, ageism, Bob Vaughn, Wettstein, Vaughn, Mary Susan, they’ve, Mary Susan’s, they’d, They’re, Diane Reiter, ” Reiter, she’s, I’d, She’s Organizations: New, New York CNN, Gas, Costco, ”, Pew Research Center, Center for Retirement Research, Boston College, Economic Policy Institute, Social, Social Security Agency, Social Security, Lawmakers, AARP, Retirement Research, Amazon, Economic, Worker, Brookings Locations: New York, Hollywood, San Diego, Los Angeles, Southeast Florida, Florida, United States, Charlotte , North Carolina, Asheville, Chicago

☆ Family of 85-year-old Florida woman, killed by an alligator while walking her dog, files wrongful death lawsuit
▼ + stars: | 2024-01-26 | by ( Brammhi Balarajan | Rebekah Riess | ) edition.cnn.com time to read: +4 min

CNN —The family of an 85-year-old woman who was killed by an alligator while walking her dog has filed a wrongful death lawsuit against the real estate company that owns and operates the southeast Florida subdivision where the attack happened. Gloria Serge was walking her dog in February 2023 along a pond in the Spanish Lakes Fairways development in Fort Pierce when a 10-foot alligator attempted to take her dog, CNN previously reported. She was knocked over and the reptile grabbed Serge by the foot and dragged her into the pond, ultimately killing her. The alligator was later caught and euthanized, according to the Florida Fish and Wildlife Conservation Commission. Wynne Building Corporation president Joel Wynne responded to the lawsuit saying, “We certainly understand the tragedy and the feelings of Mrs. Serge’s family.

Persons: Gloria Serge, Serge, Landy, Smith, “, Henry ’, Gary Lesser, Joshua D, Ferraro, PLLC, Gloria, ” Ferraro, Joel Wynne, Serge’s, ”, ” Wynne, Bill Serge Organizations: CNN, Florida Fish and Wildlife Conservation, Lesser, Florida Fish and Wildlife Conservation Commission, “, Building, WPTV Locations: Florida, Spanish, Fort Pierce

☆ The great wealth 'realignment': Affluent people keep moving from NY and SF to cheaper, warmer places
▼ + stars: | 2024-01-07 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +6 min

Wealthy people are moving to states including Florida, Texas, North Carolina, and Tennessee. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Florida, Texas, and North Carolina are popular destinations for more than just the wealthy. The reshuffling of wealth is making historically cheaper states more expensiveIn Miami, in particular, this reshuffling of wealth has ushered in an era of unaffordability. "Miami and most of Southeast Florida have rebranded into more luxury markets," housing expert Jonathan Miller told BI in September.

Persons: They've, —, SmartAsset, Ken Griffin, Jeff Bezos, Alexander Tamargo, Indxx, AllianceBernstein, Charlotte, Goldman Sachs, Griffin, plunked, Jeffrey Greenberg, Jared Kushner, Ivanka Trump, Carl Icahn, Elon Musk, he's, Jonathan Miller, Bezos, Kushner, Trump, Dina Goldentayer, Dina Goldentayer Dina Goldentayer, Zillow Organizations: Service, Bloomberg, Austin, Citadel, Amazon, Allspring Global Investments, Oracle, Tesla, Dallas ., Company, Universal, Getty, Miami Locations: Florida , Texas, North Carolina, Tennessee, Miami, Florida, New York, California, Florida , Tennessee, New Jersey , Massachusetts, Dallas, Nashville, Charlotte, New York City, Texas, Miami Beach, Chicago, San Francisco, Austin, Coconut Grove, Southeast Florida

☆ Why the middle-class is being permanently priced out of Miami
▼ + stars: | 2023-09-18 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

More apartments are being built in Miami than anywhere else in the US, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Now, "the Florida housing market is undergoing a restructuring as a result of the work-from-home phenomenon," housing expert Jonathan Miller told Insider. Particularly in South Florida, it's a sign that these wealthier newcomers — mostly from the northeast — have permanently altered Miami's housing market, Miller said. For wealthier newcomers who moved from the northeast, Miami luxury housing is actually comparatively cheap, Miller said.

Persons: Jonathan Miller, Miller, Daryl Fairweather, Rich, Eli Beracha, Mercedes Cabrera, WPTV Organizations: Wall Street Journal, Service, Wall Street, Redfin Corp, Bloomberg, Hollo, Real, Florida International University, Dade, Street Journal Locations: Miami, Wall, Silicon, Florida, South Florida, Real Estate, Manhattan, Broward, Palm Beach, Hileah, Dade County, Southeast Florida

CEDAR KEY, Fla. — As cleanup begins in the aftermath of Hurricane Idalia, the storm has served as a stark reminder that Florida's insurance industry remains in flux. But many of those homeowners face uncertainty amid the upheaval that has emerged in Florida's insurance industry in recent years. A thinning insurance market that is beset by more regular hurricanes has caused insurance policy costs to skyrocket. The state's insurance industry is preparing to lose four insurers since last year — Farmers Insurance, Bankers Insurance, Centauri Insurance and Lexington Insurance. Aggravating the problem, 82% of Floridians do not have flood insurance, which is typically operated by the National Flood Insurance Program, a federal program run by the Federal Emergency Management Agency.

Persons: Idalia, Chris Draghi, That's, Gregory Buck, Buck, Aimee Firestine, Firestine, Amy Bach, United, Bach, Mark Friedlander, Friedlander, Gabe Gutierrez, Phil McCausland, Melissa Chan Organizations: Insurance Information Institute, U.S, — Farmers Insurance, Bankers Insurance, Centauri Insurance, Lexington Insurance . Farmers Insurance, National, Experts Insurance, Homeowners, Insurance, Property Insurance Corp, National Flood Insurance, Federal Emergency Management Agency, Congress, First Street Foundation, FEMA, Cedar Key Locations: Fla, Florida's Big Bend, Florida, Georgia, Florida , Georgia, South Carolina, Cedar, America, Taylor County, Bend, New York City

☆ Conditions are ripe for a global coral bleaching event: ‘Florida is just the tip of the iceberg’
▼ + stars: | 2023-08-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

NOAA, coral reefs, Florida Keys, coral reefs, coral bleaching, climate change, warm oceansCoral reefs off the coast of Florida are being hit by a mass bleaching event due to record high ocean temperatures, and early indications suggest a global mass bleaching event could be underway. The Sentinel climate research and monitoring site in the Florida Keys has recorded 100% coral bleaching since late July. There have been eight mass coral bleaching events that have impacted the entire Florida Keys since 1987, Manzello said. "We're talking about thousands upon thousands of miles of coral reefs undergoing severe bleaching heat stress," Manzello said. "Now, it's still way too early to predict whether or not there will be a global bleaching event, but if we compare what is happening right now to what happened in the beginning of the past global bleaching event, things are worse now than they were in 2014 to 2017."

Persons: Derek Manzello, Ian Enochs, They're, Enochs, Manzello, zooxanthellae, El Nino, Andy Bruckner, Bruckner, what's, Jennifer Koss, Koss Organizations: NOAA, National Oceanic, Reef Watch, Oceanographic, Meteorological Laboratory, Southeast, Florida Keys, Florida Keys National, Islands, Reef Conservation Locations: Florida, Southeast Florida, Columbia, Cuba, El, Costa Rica, El Salvador, Mexico, Panama, Belize, Panama , Puerto Rico, elkhorn

☆ Southeast Florida swamped by more than two feet of rain
▼ + stars: | 2023-04-13 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/3] A general view shows a flooded street in, Fort Lauderdale, Florida, U.S., April 12, 2023 in this screen grab obtained from social media. John Haywood/via REUTERSApril 13 (Reuters) - Torrential downpours inundated Southeast Florida on Thursday, bringing total rainfall in the Fort Lauderdale region to more than two feet in recent days, with widespread flooding that blocked roads, closed schools and shut down an airport. Preliminary reports showed that about 25 inches (64 cm) of rain had fallen in Fort Lauderdale, making it a 1 in a 1,000-year weather event, the National Weather Service (NWS) said. Video footage on social media showed sheets of rain pounding the area as flood waters reached the tops of cars, and people wading through waters. "Like putting a faucet right over Fort Lauderdale, turning it on, and walking away."

The Alzheimer's Association and the pharmaceutical industry say the drug companies are not directly involved in the campaign. But the Alzheimer's Association says patients simply don't have the time to spare. The agency did not address the Alzheimer's Association campaign. Association members have met 30 times with staffers for the state's 20 members of Congress, Ryan Schiff, the chapter's public policy manager, said. Spokespeople for all three companies said they do not work with the Association on its campaign to expand Medicare coverage of the drugs.

☆ 10 fiction books worth reading that imagine what climate change could look like
▼ + stars: | 2022-12-16 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: 1 min

"The Light Pirate" by Lily Brooks-Dalton (2022)"The Light Pirate" by Lily Brooks-Dalton Grand Central PublishingLily Brooks-Dalton's "The Light Pirate", which takes place in the near future, follows an electrical line worker, his pregnant wife, and their two sons as they prepare for an incoming hurricane in a small town in southeast Florida. In four parts, Brooks-Dalton explores how Florida deals with climate change over decades.

The Special Technology Centre did not respond to a written request for comment. Russia's Ministry of Defence did not respond to questions from Reuters about the impact of sanctions and its relationship to the Special Technology Centre. Reached by phone, Alexey Terentyev, a top scientist and major shareholder at the Special Technology Centre, said the war has forced it to focus on making drones. Those corporate records show iLogic is based at the same St Petersburg office address as the Special Technology Centre. In a brief telephone interview, Roman Agafonnikov, chief executive officer of the Special Technology Centre, said he didn't know anything about iLogic.

Share this -Link copiedFloridians are livestreaming Hurricane Ian on TikTok Floridians are giving TikTok users a front-row seat to Hurricane Ian. Storm surge map, they didn’t have a color for 12 to 15 feet," he said about the historic levels of storm surge expected near where Ian is expected to make landfall. Share this -Link copiedA view of Hurricane Ian from the International Space Station A view of Hurricane Ian from the International Space Station, on Monday. Share this -Link copiedSatellite images show Hurricane Ian approaching Florida Hurricane Ian over the Gulf of Mexico early Wednesday. Share this -Link copiedIan expected to strengthen until making landfall, officials say Hurricane Ian is still forecast to strengthen until the hurricane makes landfall in Florida, the National Hurricane Center said.

Storm surge map, they didn’t have a color for 12 to 15 feet," he said about the historic levels of storm surge expected near where Ian is expected to make landfall. Share this -Link copiedA view of Hurricane Ian from the International Space Station A view of Hurricane Ian from the International Space Station, on Monday. “We are extremely concerned about the potential impacts Hurricane Ian may have on phosphate facilities around the state,” Whitlock added. Share this -Link copiedIan strengthens into Category 4 storm Hurricane Ian has strengthened into a Category 4 storm as it advances upon Florida's west coast. Share this -Link copiedSatellite images show Hurricane Ian approaching Florida Hurricane Ian over the Gulf of Mexico early Wednesday.

Share this -Link copiedView of Hurricane Ian from International Space Station View of Hurricane Ian from the International Space Station. Share this -Link copiedIan on track to make landfall in Florida as 'catastrophic' Category 4 storm Hurricane Ian is strengthening as it nears Florida's west coast, officials said. “We are extremely concerned about the potential impacts Hurricane Ian may have on phosphate facilities around the state,” Whitlock added. Share this -Link copiedIan strengthens into Category 4 storm Hurricane Ian has strengthened into a Category 4 storm as it advances upon Florida's west coast. Share this -Link copiedSatellite images show Hurricane Ian approaching Florida Hurricane Ian over the Gulf of Mexico early on Wednesday morning.

TAMPA, Fla. — More than 2 million people in Florida were under orders to pack up and head east to safer ground Tuesday as Hurricane Ian barreled north from Cuba on a path toward Tampa. But Burks, who moved to Tampa in 2005 and has weathered several hurricanes since then, said he's not going far. Many Floridians in more rural areas like Polk County live in trailers that are especially vulnerable to high winds. “Just go straight across the state to Broward, Miami-Dade, Palm Beach.”And "do not go north," because that's where Hurricane Ian is going, he said. Three bridges span Old Tampa Bay, two of which connect Tampa to St. Petersburg and the third of which links to northern Pinellas County.

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