Saturday, May 19, 2018
Business

Readers' comments on business news

When savings turn to debt July 5

Tiny interest rate bad for retirees

Examining a retirement nest egg for a baby boomer is disheartening. Ten years ago, one could find safe and secure CDs with interest rates between 5 and 7 percent. That was enough of an increase to keep us coping with inflation and spending.

With the Fed keeping interests rates at near zero to stimulate the economy (translation: encourage borrowing), retirees are left with money in the bank that earns near zero interest. So the banks make money, and we do not.

We were brought up to view the stock market as a place to put funds you could afford to lose. Gambling with our funds in our 60s and 70s and older years is hardly wise. There should be a decent interest rate available to older folks, without gambling in the stock market.

I guess we will just watch the purchasing power of our savings dwindle, and then one day the government will have to take care of us!

Not exactly what we want.

Susan Anderson, Holiday

HomePath's road to deals July 6

More rentals lead to lower values

Foreclosed homes are the business of cleaning up the mess the federal government tried to pursue to give everyone a shot at homeownership. The results are the federal HomePath program trying to discount the value of homes to the point they devalue the other homes of the neighboring homeowners.

The bottom line of devaluation is the explosion of rentals, which also add to depressing area home values. Renter homes are never improved by "slum lord owners," and the renters make no effort at appearance or improvements, either. No government agency wants to become the enforcer of community standards related to homeowners, and we all see our home investments lessen.

Allen G. Smith, Dunedin

Comments
Camping without the hassle: New service rents you all the gear you need, plus the car

Camping without the hassle: New service rents you all the gear you need, plus the car

One day in April, I returned from a camping trip - a quick 24 out of the city - and ran a load of laundry. What’s more telling is what I didn’t do.I didn’t hose down a muddy tent, I didn’t soak a shoddily cleaned pot, and I categorically did not empt...
Published: 05/19/18
Romano: Save your money, sports betting won’t be in Florida anytime soon

Romano: Save your money, sports betting won’t be in Florida anytime soon

It is the middle of the day and the beginning of the off-season at Tampa Bay Downs. That means the action is limited to simulcast wagering, and that means the televisions outnumber the bettors.The parimutuel industry is long past its heyday in Americ...
Published: 05/19/18
Son of Crabby Bill’s founder leaves complex legacy of troubled projects and good deeds

Son of Crabby Bill’s founder leaves complex legacy of troubled projects and good deeds

SOUTH PASADENA — Like his father, who founded the Crabby Bill’s seafood restaurant chain, John Loder Sr. had a larger-than-life personality. That was one reason he dived into the real estate business, becoming a well-known, if at times controversial ...
Published: 05/18/18
Updated: 05/19/18
Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork

Global Tampa Bay initiative seeks to grow direct foreign investment through expanded regional teamwork

TAMPA — A decade ago, the Great Recession put Hillsborough and Pinellas counties’ efforts to grow their foreign exports on hold.But since then those efforts have returned, gained support and momentum, expanded the range of their ambition and are now ...
Published: 05/18/18
Florida unemployment holds at 3.9 percent, state adds 9,600 jobs

Florida unemployment holds at 3.9 percent, state adds 9,600 jobs

Florida’s economy appears to have plateaued with its unemployment rate holding at 3.9 percent for the seventh straight month, according to the April report released Friday.But some economists say it may be a good thing if the rate doesn’t fall much m...
Published: 05/18/18
Lawsuit over Riverwalk Place tower in downtown Tampa settled

Lawsuit over Riverwalk Place tower in downtown Tampa settled

TAMPA — A lawsuit over the mix of residences and offices in the planned $350 million Riverwalk Place tower has been dropped.Last August, Riverwalk Tower Investment-Intown LLC, which had been expected to be one of the developers in the project, filed ...
Published: 05/18/18
Orlando’s new attractions power jump in theme park attendance

Orlando’s new attractions power jump in theme park attendance

By MIKE SCHNEIDERORLANDO — The arms race to build new theme park attractions in Orlando is paying dividends. A new report released this week shows theme park attendance at the largest parks in North America last year was up 2.3 percent, powered by ne...
Published: 05/18/18
How Mosaic’s relocation could help Tampa International Airport land a flight to Brazil

How Mosaic’s relocation could help Tampa International Airport land a flight to Brazil

Tampa International covets a nonstop flight to São Paulo, Brazil. Mosaic Co, which is moving its headquarters to Hillsborough County, has huge holdings in the country, including several mines. Could Mosaic’s relocation help TIA realize its dream? It ...
Published: 05/18/18
Remember that upscale Guy Harvey RV resort near Tarpon Springs. Forget the Guy Harvey part

Remember that upscale Guy Harvey RV resort near Tarpon Springs. Forget the Guy Harvey part

HOLIDAY — A year ago this month, Guy Harvey Outpost Resorts announced plans for its first-ever RV park, near Tarpon Springs where the Anclote River empties into the Gulf of Mexico.The $35 million resort, named after the popular Jamaican marine artist...
Published: 05/18/18
American Dream Miami to become largest mall in U.S. after final approval

American Dream Miami to become largest mall in U.S. after final approval

MIAMI — A gigantic $4 billion retail and entertainment complex won government approval Thursday after years of debate, greenlighting what promises to be the largest mall in North America, just a few miles from the environmentally sensitive Everglades...
Published: 05/18/18