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The case for big government - Part 2 listen

12/23/08 Mitch Perry
WMNF Drive-Time News Tuesday
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Big Government is back and it is not only effective, but necessary. That’s the premise of a new book by renowned economist and former New York Times columnist Jeff Madrick. His new book is called The Case for Big Government.

WMNF spoke with Madrick and began the second half of his interview by asking if the "Republican Revolution" of the 1980s is the cause of so many Americans accepting the fact that they will not be able to rise in socioeconomic status.

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Hillsborough Commission reviews its budget listen

12/17/08 Mitch E. Perry
WMNF Drive-Time News Wednesday
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As Florida’s House members were learning the ramifications of the worst economic environment since the Great Depression, Hillsborough County Commissioners were getting a local take on the dire picture.

The Board did get some relatively good news from Chris Lancamera is ddirector of finance with the Clerk of the Board. She told the Board that they don’t have to worry about the safety of the portfolio, but she said she wasn’t as optimistic about interest earnings, especially after the fed cu...

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State economist: Recession to last another year listen

12/17/08 Mitch E. Perry
WMNF Drive-Time News Wednesday
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This morning the Florida House was given sobering news about the state of Florida’s economy.

The upshot, delivered from Legislative Economist Amy Baker was that things won’t be getting better anytime soon. Baker said the key ingredient in Florida’s economy is new construction. But she says that won’t come back until the state deals with its considerable current inventory of available housing.

Baker said she expected the state to actually experience growth in the next year, but it wo...

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Sarasota allocates $600,000 to help halt foreclosures listen

12/10/08 Mitch E. Perry
WMNF Drive-Time News Wednesday
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Sarasota County Commissioners yesterday approved $600,000 to give direct financial assistance for families in the county facing foreclosure on their homes.

The funding – which ultimately could rise to $1 million - will be distributed in grants of up to $5,000 through a group of nonprofit organizations in the county.

Last month, deputy administrator Susan Scott said there were approximately 8,000 pending foreclosures in the judicial process and an additional 900 filings occurring monthly...

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How big should Obama's stimulus plan be? listen

12/09/08 Mitch E. Perry
WMNF Drive-Time News Tuesday
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Over the weekend, President-elect Barack Obama discussed a major economic stimulus proposal he plans to unveil once he takes office.

Today members of the progressive left announced their own stimulus plan, which they say closely tracks what Obama says he’s planning.

Called “The Main Street Recovery Plan,” it has been endorsed by dozens of liberal economists and union officials. It was produced by the progressive group, the Campaign For America’s Future.

Dr. Jamie Galbreath is an econ...

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Mayor proposes budget revisions to address parking debt listen

12/09/08 Seán Kinane
WMNF Drive-Time News Tuesday
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Because of declining property tax revenues fueled by depreciating home values, the city of Tampa is projected to bring in $12 million less in property taxes in fiscal year 2010 than the current year. That same year the city’s contribution to its employees’ pension account must increase by $10 million due to declining pension balances caused by the weak stock market.

Today Mayor Pam Iorio proposed meeting those fiscal challenges by refinancing debt on parking structures, limiting employee ...

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Localshops1.com holds a talent show in Gulfport

12/01/08 Concetta DeLuco
WMNF Drive-Time News Monday
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Though rain may have cancelled most of the performances that were scheduled for a children’s talent show in Gulfport on Sunday, it did not dampen the spirits of Localshops1.com, the organizers for the event. The Gulfport-based website is devoted to the promotion of independent, local businesses in the Tampa Bay area.

David Knoll a local Gulfport singer, serenaded the crowd with an original song about localshops1.com. The audience consisted mostly of parents and the owners of the neighborin...

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Economic report critical of further state budget cuts

12/01/08 Mitch E. Perry
WMNF Drive-Time News Monday
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It’s now official. For nearly a year, the U.S. economy has been in a recession.

That announcement came today from the National Bureau of Economic Research, the agency body charged with making that declaration. It’s the first official recession since 2001. And it follows two negative reports produced today on the economy.

According to the Institution for Supply Management, the manufacturing industry suffered its worst month since 1982. Also, a separate report from the Commerce Depar...

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ACORN supports Crist's call for freeze on foreclosures

11/25/08 Mitch E. Perry
WMNF Drive-Time News Tuesday
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One advocacy group that supports Gov. Charllie Christ’s idea to put a freeze on foreclosures is ACORN, the Associated Community of Organizations for Reform Now.

ACORN is working in Florida and across the country in trying to keep homeowners having problems with their mortgages from being foreclosed.

They have also endorsed the proposal made by FDIC Chairwoman Sheila Bair to use as little as $25 billion of the $700 billion bailout to guarantee up to half of the loss that may result from ...

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British financial historian criticizes Hank Paulson listen

11/24/08 Mitch E. Perry
WMNF Drive-Time News Monday
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Niall Ferguson is a financial historian and author of the new book,The Ascent of Money. He told WMNF today that President-elect Barack Obama has had to make the moves he’s made recently because the country is demanding leadership on the economy.

That’s Niall Ferguson, a professor of history at Harvard University and a senior fellow at Oxford University in England. He’s also the author of The Ascent of Money. We’ll speak to him about his new book on tomorrow night’s newscast.

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