Weekly News Wrapup - Something Other Than Election Coverage
FPL May Hike Prices Due to Fuel Costs - Like we needed another reason to despise our dependency on the black stuff, FPL has stated that because fuel costs have been "extraordinary", they will be increasing their prices by 16 percent. Other utility companies have asked for increases as well.
Florida Number 2 In Failed Loans - According to the Mortgage Bankers Association, Florida is only behind California in failed loans with 77,000 properties in foreclosure in just the first three months of the year. If you are still in denial, this should let you know that the crap has hit the fan.
Food Becomes A Huge Commodity - Ever the capitalists, investment groups and parts of the private sector are investing in food-related assets such as farmland and machinery. Let's see how much they profit from this.
Yeah the world is going to hell in a hand basket, but at least the weekend is here. -- Elvis Ramirez