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Florida CFO blasts John McCain on economy listen

09/17/08 Mitch E. Perry
WMNF Drive-Time News Wednesday
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Florida’s Chief Financial Officer Alex Sink waded into the presidential race today when she discussed the recent Wall Street meltdown. Sink blasted John McCain several times on a statewide conference call for his comment on Monday that the "fundamentals of the U.S. economy are sound."

Sink said she came to that conclusion after briefing Gove. Charlie Crist and fellow board members about the hit taken on the state’s treasury from the bankruptcy filing of investment banking giant Lehman...

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McCain blames greed for economy's problem listen

09/16/08 Seán Kinane
WMNF Drive-Time News Tuesday
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A day after telling a campaign crowd "the fundamentals of our economy are strong,” Republican presidential nominee John McCain dedicated most of his 18-minute speech in Tampa to criticizing the damage that Wall Street’s “unbridled greed” has done to the country’s economy.

McCain was joined on stage today at the Tampa Convention Center by his wife Cindy, Sen. Mel Martinez, former Florida Gov. Bob Martinez and former Sen. Jack Kemp. McCain said that if he and his running mate Alas...

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City Council rejects property tax cut listen

09/11/08 Mitch E. Perry
WMNF Drive-Time News Thursday
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Last night the Tampa City Council rejected a proposal by a citizens advisory group to reduce property taxes in the city, and instead voted to keep it at the same as last year’s level.

The Citizens Advisory Group suggested reducing the property tax rate by 5 percent, and covering the $8 million in lost revenue with money from reserve funds.

But the Council rebuked the group’s idea on a 6-1 vote. Councilmember Mary Mulhern was the lone dissenter.

The Citizens Advisory Council was...

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Unemployment rate at 5-year high listen

09/05/08 Mitch E. Perry
WMNF Drive-Time News Friday
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The unemployment rate jumped to 6.1 percent in August, its highest level in five years.

Employers cut 84,000 jobs last month, more than economists had expected, and the Labor Department said that more jobs were lost in June and July than previously thought.

Jared Bernstein is a senior economist at the Economic Policy Institute and an economic advisor to Barack Obama. Bernstein said the engine of job growth hasn’t just stalled, but gone in reverse.

Robert Dye, a senior economist wit...

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Economist says hard times still ahead listen

08/13/08 Mitch E. Perry
WMNF Drive-Time News Friday

Sales at U.S. retailers dropped in July for the first time in five months as record gasoline prices and tighter credit reduced automobile purchases.

Labor figures showed that import prices rose 1.7 percent in July from the previous month, more than economists had projected, after a 2.9 percent increase in June. That led one economist to tell Bloomberg media that the U.S. is now in the "midst of a long-term trend in inflation."

Joe Bruseulas from Merk Investments in Palo Alto says, "We...

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Ex-Clinton advocate says Democrats can come together listen

08/05/08 Mitch E. Perry
WMNF Drive-Time News Tuesday
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Over the weekend, Barack Obama called on the Democratic National Committee to count the full votes of disputed convention delegates from Florida and Michigan.

The issue has been the source of a yearlong controversy that was settled in May when the DNC’s Rules and By-Laws Committee said the delegates would be counted, and could go to the Denver Convention, but with only half a vote.

Obama’s move is considered a signal to Hillary Clinton supporters that he wants to bring the Florida...

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Obama holds town hall forum in St. Pete listen

08/01/08 Emily Reddy
WMNF Drive-Time News Friday
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At this morning’s Economic Security Town Hall meeting at St. Petersburg’s Gibbs High School, Democratic presidential candidate Barack Obama outlined a new “emergency economic plan.”

During segregation, Gibbs was the only high school for blacks in St. Petersburg. Today, the first competitive black candidate for president spoke to a crowd of about 1,500 supporters gathered in the school gym. Obama debuted a new plan to stimulate the economy, before opening the floor to questions. H...

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Job fair offers hope to the unemployed listen

07/21/08 Seán Kinane
WMNF Drive-Time News Monday
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More jobs were lost in the Tampa Bay area in May and June than in any other area of the state, and Florida led the entire nation in job losses in June. With the backdrop of such a dismal employment outlook, WMNF spoke with job seekers and their potential employers at a job fair at the St. Pete Times Forum today.

More than 23,000 people have lost jobs in the Tampa Bay area in just the last two months, bringing the regions unemployment rate to 5.9 percent in June. That’s up from 4.2 percen...

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Effect of home foreclosures on women

07/19/08 Mary Glenney
From A Woman's Point of View
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Nomi Prins updates us on threats to the economy, especially the issues affecting women, particularly poor women. Many of the subprime mortgages were pressed on single women with children, she says.

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Foreclosure workshop held in Tampa listen

07/14/08 Emily Reddy
WMNF Drive-Time News Monday
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Foreclosures in Florida nearly doubled between June of last year and June of this year. One in every 211 Florida properties received a foreclosure filing last month. On Saturday, 600 Tampa Bay area residents flooded a foreclosure assistance workshop organized by U.S. Congresswoman Kathy Castor. The workshop brought together representatives from nine banks and 10 nonprofits to work directly with attendees on their mortgage issues.

Candi Lee schedules an appointment with Catholic Charities...

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