Population Boom Makes Florida the New US Inflation Hotspot
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Population Boom Makes Florida the New US Inflation Hotspot
Population Boom , Makes Florida the New , US Inflation Hotspot.
CNN reports that Florida is now
the United States' inflation hotspot,
due to the persistently high cost of housing.
With just over 2.5 million residents,
the Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of all U.S. metro areas.
For the 12 months leading up to April,
the area had an inflation rate of 9%.
CNN reports that the state's growing
population has driven inflation higher,
particularly in regards to housing costs.
Both the rental and purchasing markets
are seeing upward pressures
on prices from all these factors, Amanda Phalin, Economist at the University of Florida, via CNN.
According to the Census Bureau's latest data,
Florida's population grew more than any
other state between July 2021 and July 2022.
.
During the same period of time, the state
also saw the fastest population growth
by percentage, for the first time since 1957.
A lot of people are still coming to Florida
because the economy is really strong,
and many like the fact that we donβt have
an income tax like in New York, for example, Amanda Phalin, Economist at the University of Florida, via CNN.
And in places like Miami, weβre
seeing a lot of real estate demand
from non-Floridians or non-American
investors β generally wealthy folks
who want to have a nice home here, Amanda Phalin, Economist at the University of Florida, via CNN.
Meanwhile, Minneapolis saw its inflation rate drop to 1.8%
in May, compared to a year earlier, coming in the lowest
of 23 metro areas tracked by the Labor Department
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This Day in History: , Donna Summer, Queen of Disco, Dies.
May 17, 2012.
The 63-year-old singer and
songwriter died in Naples, FL,
from non-smoking related lung cancer.
The disco diva rose to fame
in the 1970s, with hits like
"Hot Stuff" and "Last Dance.".
As disco's popularity waned, Summer
wrote songs for several different genres.
Her song, "Starting Over Again," for Dolly Parton
was a number-one country single in 1980.
Her 1983 hit, "She Works Hard
for the Money," became a
pop-rock feminist anthem.
Summer was a five-time
Grammy winner, who's been
sampled by artists from
Beyonce to the Pet Shop Boys.
The mother of three was
buried in Nashville, her
home since the 1990s
Credit: Wibbitz Top Stories Duration: 00:53Published
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Dozens of families from Mexico, Argentina, Colombia and Venezuela have chosen Madrid as a residential and investment destination, transforming the real estate, cultural and leisure fabric of the Spanish capital.
Credit: euronews (in English) Duration: 02:14Published
Homes Linked to Diddy , Are Raided by Federal Officials.
HSI New York "executed law enforcement actions
as part of an ongoing investigation with assistance
from HSI Los Angeles, HSI Miami and our local law enforcement partners" on March 25, authorities said.
Sean "Diddy" Combs does not own the home in Los Angeles, but the mansion has ties with his company, Bad Boys Film Production.
The Miami residence, however, was bought
by Combs in 2021, NPR reports. .
Phones belonging to Combs
were seized by Homeland Security
officials in Miami prior to the 54-year-old
attempting to board a flight to the Bahamas.
The motive for the raids has not been made clear, .
but they follow a lawsuit alleging that Diddy leads an enterprise that could be considered a "widespread and dangerous criminal sex trafficking organization.".
I drive by a lot, and I see that β a lot of girls, maybe five or six girls outside, some leaving, some not, some going in. I never thought anything of it. But now, itβs crazy, Ryan Mendelsohn, 20, who used to live
in and still frequents the area, via NBC News.
The rapper and producer has also been accused
of the "solicitation and distribution of illegal narcotics and firearms," NBC News reports. .
That suit follows other claims of sexual misconduct, assault, sex trafficking and rape, most notably put forth by Combs' ex-girlfriend, Cassie Ventura. .
Producer Rodney "Lil Rod" Jones has also
sued Diddy for alleged sexual assault.
Credit: Wibbitz Top Stories Duration: 01:30Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
This Is Why Some Foods , Are So Polarizing.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Biopsychologists say that the reasons why some foods elicit such a visceral reaction are complex.
Our language is really limited when we say food tastes a certain way. , Julie Mennella, Monell Chemical Senses Center,
via CNN.
Oftentimes, a person's genetics plays a huge role
in how they perceive certain foods.
For instance, people with a particular gene can be more sensitive to the smell of cilantro.
It usually has to
do with the odor, Julie Mennella, Monell Chemical Senses Center,
via CNN.
It's actually your sense of smell that allows you to distinguish between something like strawberry and cherry Jell-O, Julie Mennella, Monell Chemical Senses Center,
via CNN.
In addition, experts say that some
reactions to foods are hardwired.
We like sweet and hate bitter, Linda Bartoshuk, University of Florida, via CNN.
Not liking [foods that are bitter] is a built-in defense mechanism, Linda Bartoshuk, University of Florida, via CNN.
Despite this, food preparation and simply getting used to the qualities of particular foods can lead to changes in taste.
You may taste cruciferous vegetables as more bitter, but that doesn't mean you can't grow to like them, Linda Bartoshuk, University of Florida, via CNN.
Your biology is not your destiny, Linda Bartoshuk, University of Florida, via CNN.
Not to say genetics aren't important. But when you're an omnivore and open to these foods, you learn to like what
you eat, Linda Bartoshuk, University of Florida, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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