Florida’s Pensions Could Be Reformed Locally

By Matt Kelly On January 27th, the managers of 19 Florida pension funds received a “call to action” letter from the Florida Department of Management Services informing them that reforms are needed to address their unfunded liabilities. A previous blog pointed out that while Florida’s state’s employee pension fund is 86% funded (better provisioned than … Continue reading Florida’s Pensions Could Be Reformed Locally

New Book Documents Tourist’s Adventures in Cuba

By Matt Kelly A new book by Jason R. Old, professor of Spanish and Latin American Culture at Southeastern University in Lakeland, Florida, sheds light on the people of Cuba, a timely topic given recent decisions to open up trade with this island nation. “I invite you to enjoy my anthrotouristic journey through Cuba, as … Continue reading New Book Documents Tourist’s Adventures in Cuba

Orlando’s Soccer Stadium Not Worth Public Investment

By Logan Shewmaker U.S. Major League Soccer (MLS) is pushing to expand into Florida. Between 2008 and 2013, the average MLS franchise’s market capitaliztion grew 175 percent. The average attendance for MLS games exceeds 18,000, higher than the NBA. “The beautiful game” is growing in the United States, but does MLS growth justify public subsidies? … Continue reading Orlando’s Soccer Stadium Not Worth Public Investment

Florida’s Dysfunctional Property Insurance System

By Matt Kelly Many readers will remember the hurricane season of 2004 as a chaotic time to be a Florida resident. The Sunshine State received four torrential storms that year, causing $45 billion in losses. School was cancelled, streets were covered with debris, and 37 lives were lost. Since 2005, Florida has experienced a nine-year … Continue reading Florida’s Dysfunctional Property Insurance System

The Foundations of Political Capitalism

By Matt Kelly Thomas Piketty’s Capital in the Twenty-First Century raised quite a stir last year among economists. Piketty identifies rising wealth inequality as inherent in capitalism, and recommends a worldwide wealth tax to temper its effects. Many have taken issue with Piketty’s data and analysis, and the idea that inequality is rising at all … Continue reading The Foundations of Political Capitalism

Florida’s Franchise Laws are Holding Back Craft Beer

By Matt Kelly While legislators and beer enthusiasts across Florida attempt to lift a 50-year-old ban on growlers (64 oz. containers of beer), many are ignoring a key aspect of this controversial policy issue: franchise termination laws. Franchise law regulates contracts between beer manufacturers--breweries--(the franchisors) and distributors (the franchisees). Florida’s franchise laws, however, currently give … Continue reading Florida’s Franchise Laws are Holding Back Craft Beer

Sports Stadiums Not Worth Public Subsidies

By Logan Shewmaker Next time you attend a ballgame, consider for a moment the monumental effort necessary to build a sports stadium. Surely, stadiums are among the most impressive structures ever built. Tourists continue to marvel at the architectural wonder of Rome’s Coliseum. But does that justify public subsidies? Three-fourths of stadiums in the U.S. … Continue reading Sports Stadiums Not Worth Public Subsidies

Reforms are Brewing in Florida

By Matt Kelly Floridians are brandishing their growlers as the state’s legislature considers reforms that would finally legalize the popular 64 oz. alcoholic beverage container. Florida is the only state in the nation to prohibit the growler, a legal idiosyncrasy that craft brewers say stifles their growth. An exemption to allow small brewers to self-distribute … Continue reading Reforms are Brewing in Florida