Ex-Librarian Blames Miami-Dade Public Library Director for Budget Woes

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Photo by C.A.Mendieta / Wikimedia Commons
Like most librarians in Miami-Dade County, Julio Granda Jr. was worried about the financial future of his institution. Under County Mayor Carlos Gimenez, the system had lost $30 million in funding over several years and, in the summer of 2013, was staring down an additional $20 million cut.

But when Granda confronted the man he held partly responsible for the library's woes -- longtime library director Raymond Santiago -- at a meeting, Granda says the director "went into a tirade" and remarked, as part of a heated monologue, that if he left "this organization is fucked."

See also: Why Libraries in Miami Are More Important Than Ever

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Three Florida Law Schools Make Top Ten for Grads With Most Debt

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The Florida Coastal School of Law in Jacksonville ranks eighth nationally for highest debt among graduates and is also being sued by former students.
Law school costs a lot. Duh.

But did you know which law schools sack their grads with the highest average debt? You probably didn't, and because U.S. News & World Report has made a franchise out of ranking every possible thing related to the sophisticated criminal enterprise known as American higher education, the magazine has also made a list for that.

Three Florida schools landed in the top ten, including that institution down the road in Coral Gables. One, the for-profit Florida Coastal School of Law in Jacksonville, which ranked eighth on the debt list, is even being sued by former students who claim the school misrepresented its graduate employment statistics.

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Florida Has Lost $5 Billion in Ponzi Schemes Since 2008

Categories: Recessionomics

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Florida Ponzi schemers Allen Stanford and Scott Rothstein.
The Ponzi scheme epidemic of 2008 kicked off with part-time Palm Beach resident Bernie Madoff, and then hit Florida much harder than most states. That's the consensus of a new Forbes analysis, which found that Florida was second in total number of dollars lost to Ponzis, trailing only New York, and came in second behind California in total number of Ponzi schemes uncovered between 2008 and 2013.

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Study: Miamians Can't Afford Nice Cars

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Need a new car? Hope you're small.
It shouldn't come as much of a surprise in a city where people often live above their means, but a new study show that Miamians simply can't afford all those flashy cars they're driving around town.

A new study by Interest.com found that Miamians living on the median income level can only afford a car worth $15,174 with a monthly payment of no more than $299. Miami has the single lowest average car purchasing power of the top 25 metro areas, except for Tampa.

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Miami Unemployment Drops to 6.8 Percent, Florida's Down to 6.2 Percent

Categories: Recessionomics

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New unemployment numbers are out for the state of Florida, and Gov. Rick Scott is trumpeting Miami specifically. Unemployment in the county has dropped 2.3 percent year-over-year, from 9.1 percent in December 2012 to 6.8 percent in 2013.

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Florida Unemployment Drops to 6.4 Percent, Miami-Dade's Drops 1.5 Percent in a Month

Categories: Recessionomics

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Florida's unemployment levels continue to drop. For this past November the rate was 6.4 percent, down from 6.7 percent in October. It's the ninth straight month since March that Florida's unemployment rate has been below the national average.

Meanwhile, Miami-Dade's unemployment rate dropped an astounding 1.5 percent to 7.0 percent. It was 8.5 percent in October. Of course those number's aren't seasonally adjusted, so in part that just reflects higher job rates as tourist season settles in. Though, the rate is considerably down from the same month last year when the rate was 8.3 percent.

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Miami Leads the Nation in High-End Foreclosures

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It's not just the lower classes that continue to get hit hard by foreclosures in South Florida. The Miami-Fort Lauderdale metro area leads the nation in foreclosures on properties worth more than $5 million, according to real estate website RealtyTrac. In fact, about a fourth of all high-end foreclosures in the last year have been on properties in the area.

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Miami-Dade Unemployment Rate Rises as Florida's Drops

Categories: Recessionomics

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Complete economic recovery still stubbornly refuses to come to Miami-Dade County. Even as Florida's unemployment rate dropped to the lowest point its been since August 2008, Miami-Dade's rose for the month of October to 8.5 percent.

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Miami Is in the Midst of a Major Millennial Population Drain Problem

Categories: Recessionomics

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Miami is an area that caters openly to youthful urges. Clubs are open till the wee hours. The cultural scene continues to grow. We've got beaches and bike gatherings and bacchanals galore, but perhaps the metro area isn't so great at catering to youthful needs.

The Miami/Fort Lauderdale/Pompano Beach metro area continues to shed its millennial population at an alarming rate. Between 2007 and 2009, there was a net population loss of 6,530 residents between 25 and 34 years old, the fourth-greatest loss of any major metro area in America (topped only by the considerably larger NYC, L.A., and Chicago areas). Between 2010 and 2012, the area lost another 2,639 millennials according to the Wall Street Journal, the eighth-biggest net loss.

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Miami Has the Lowest Percentage of People Working in Science and Engineering in the Nation

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Gov. Rick Scott is pushing for Florida students to get degrees in science and engineering, but when those students graduate they might have to travel far away to actually find employment.

A new analysis of census data finds that Florida's metros have a shockingly low numbers of people working in science and engineering, and the Miami-Ft. Lauderdale metro area has the lowest number of people employed in the fields of any major metro area in the nation.

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