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Economy & Markets

The Obama administration launched its main program to prevent foreclosures in the spring of 2009 with $50 billion and abundant promises. What the Home Affordable Modification Program, or HAMP, lacked — and wouldn’t have for years — was effective oversight of the big banks that were crucial to the program’s success.
Orlando is expected to receive close to $300 million from the Navy, bringing a boost and jobs the area, according to a briefing U.S. Senator Bill Nelson received from Navy Secretary Ray Mabus' office.
Frustrated over the lack of opportunity and readiness of African American firms, South Florida businessman Paul Curtis, President of Curtoom Companies, an engineering and construction services firm, plans to help finance, train and mentor African Americans.
"Dr. Beach" recently announced the list of the top 2010 beaches in the U.S. and two of Florida's beaches are in. The Florida beaches making the 2010 cut are: Siesta Beach in Sarasota in second place and Cape Florida State Park in Key Biscayne in tenth position.
The National Association of Realtors said today that pending home sales have risen for nine months in a row, the first time for the index, since its inception in 2001. The Pending Home Sales Index, a forward looking indicator, increased by 3.7 percent in October 2009, over September, and is 31.8 percent above October 2008.
On February, 4, West Orange County businesses and other key stakeholders will have an opportunity to share ideas on how job growth might be enhanced, when Orange County Mayor Teresa Jacobs kicks off the first of eight jobs summits.
JetBlue Airways proudly announced on Wednesday plans to serve the popular Ronald Reagan Washington National Airport (DCA), with one daily nonstop flight each to Orlando International Airport and Fort Lauderdale-Hollywood International Airport and seven daily nonstop flights to Boston's Logan International Airport, beginning November 1, 2010.
Despite some modest improvement recently - housing prices have begun to stabilize and unemployment has ticked downward - the Federal Reserve said Monday, the median net worth of American families plunged nearly 40 percent from 2007 to 2010.
AAA on Friday, projected the number of Americans traveling on vacation this Labor Day weekend will be heavily impacted by when Labor Day falls on the calendar. Approximately 39.1 million travelers are expected to take a trip of 50 miles or more away from home, a decrease of 13.3 percent from 2008 when Labor Day travel was the highest this decade.