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Wednesday, 07 January 2009 13:48 |
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 As the state prepares for the worst of the economic crisis, a sizeable
stimulus plan that is on President-elect Barack Obama’s priority list
may provide the jolt needed to jumpstart the lagging Florida economy.
The President-elect’s top economic advisors recently warned that
without an aggressive plan of action, the economy stands to lose as
many as four million jobs from now to 2011, which could hike the
unemployment rate to nine percent.
Accordingly, Obama has increased the package to more than three times
its original size and said he is looking to create over 3 million jobs
nationwide, up from the original 2.5 million. Though the Obama team has
not given a specific figure, transition aides are floating an amount to
the tune of $775 billion.
The stimulus plan goes to Congress on January 6, and its fate hangs in
the balance despite having the backing in the House, as Senate
Republicans could delay or overturn the plan with a filibuster. If
passed, however, the question is: How will Florida benefit from the
large infrastructural plans included in the stimulus package and how
many of the proposed three million jobs will be created in the state?
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Last Updated on Sunday, 11 January 2009 11:22 |
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Wednesday, 07 January 2009 13:44 |
Yet another fraudulent investment scheme has impacted negatively on
investors; this time in the Haitian-American community. Reports are
that Federal and state regulators are investigating an investment
scheme perpetuated by Haitian-American George Theodule, who, although
not a registered stock broker, operated an investment office, Creative
Capital Consortium LLC, in Lake Worth, Palm Beach County.
Theodule, who is also alleged to be an evangelical minister, offered
investors full guarantee of their funds which he would double every
three months, through stock and options trading. He also promised that
part of the profits realized from the investment fund would be used to
empower the Haitian community in South Florida.
But, like other such schemes that have made the news in the U.S. and
the Caribbean recently, in which investors have lost billions of
dollars, Theodule’s was just another Ponzi scheme, in which the funds
invested by newcomers were used to compensate others, until,
eventually, the scheme ran out of cash and most investors lost money.
According to reports a federal lawsuit was filed against Theodule last
Friday in a South Florida court. In the suit Theodule was accused of
bilking his investors, mostly Haitian-Americans across South Florida.
The U.S. Securities and Exchange Commission (SEC) said investors lost
some $23 million.
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Last Updated on Sunday, 11 January 2009 11:22 |
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Read more...
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Wednesday, 07 January 2009 13:44 |
Yet another fraudulent investment scheme has impacted negatively on
investors; this time in the Haitian-American community. Reports are
that Federal and state regulators are investigating an investment
scheme perpetuated by Haitian-American George Theodule, who, although
not a registered stock broker, operated an investment office, Creative
Capital Consortium LLC, in Lake Worth, Palm Beach County.
Theodule, who is also alleged to be an evangelical minister, offered
investors full guarantee of their funds which he would double every
three months, through stock and options trading. He also promised that
part of the profits realized from the investment fund would be used to
empower the Haitian community in South Florida.
But, like other such schemes that have made the news in the U.S. and
the Caribbean recently, in which investors have lost billions of
dollars, Theodule’s was just another Ponzi scheme, in which the funds
invested by newcomers were used to compensate others, until,
eventually, the scheme ran out of cash and most investors lost money.
According to reports a federal lawsuit was filed against Theodule last
Friday in a South Florida court. In the suit Theodule was accused of
bilking his investors, mostly Haitian-Americans across South Florida.
The U.S. Securities and Exchange Commission (SEC) said investors lost
some $23 million.
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Last Updated on Sunday, 11 January 2009 11:22 |
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Wednesday, 07 January 2009 13:25 |
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Floridians who are accustomed to playing games sponsored by state’s
Lottery Commission have often asked why the commission did not offer
them a chance to play in the Powerball lottery game played in other
states like Iowa. The Powerball is a gamblers dream, often offering
winners prizes of over $300 million dollars. However, Floridians will
now be able to play Powerball, as the state has decided to join in the
game and Powerball tickets go on sale in Florida on January 4. |
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Last Updated on Wednesday, 07 January 2009 13:25 |
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