Sale 2791. Lot 8A. "Three Studies of Lucien Freud." $142.4 million.
On the evening of Nov. 12 at Rockefeller Center in New York City, the 1969 oil painting on canvas by Francis Bacon set a record price for publicly auctioned art. Its auction price may bode well for those hoping the upcoming Art Basel Miami Beach will lead to big business. But even if there are no nine-figure sale prices, a rebounding housing market and rallying stock market are expected to lift the spirits, and possibly prices, of the business around Basel.
The legal profession is going through a bit of an existential crisis and certainly an economic one. Large law firms that 10 years ago would have been expected to survive any financial crisis are reacting to a new, constricting marketplace with staff reductions and requests for capital contributions from partners. Host Karen Rundlet talks with Greenberg Traurig's Brad Kaufman about new opportunities for hiring and partnership in today's legal environment.
Structural engineers don't necessarily view rising sea levels as certain disaster. By definition, it's the job of the engineer to solve design and construction problems caused by environmental changes.
Business journalist Karen Rundlet examines some proposed solutions for sea-level rise. She interviews the University of Miami's Dr. Antonio Nanni about embracing some unusual possibilities. Click play to hear the interview.
Late August 1992 was going to be a memorable time for Joanna Lederman, her husband Alan and sons John and Michael. They had spent the spring and summer getting ready to open a new independent grocery market. After all the product testing, tastings, employee training, inventory stocking, marketing and other work to get a new business off the ground, they were all set.
Joanna's Marketplace was going to open for the first time on South Dixie Highway in Miami on August 24, 1992. Then Hurricane Andrew hit South Florida.
In the movie Field of Dreams, an Iowan farmer builds a baseball diamond in a cornfield and the ghosts of the disgraced 1919 Chicago White Sox materialize from the stalks.
On a 1.6-acre plot of land in Dania Beach, there's nothing so supernatural taking place. Instead, the community, along with a public-private partnership, have joined together to build an urban garden. They grow vegetables and sell them to neighbors who otherwise have a difficult time finding fresh food near their homes.
Florida’s Senate Gaming Committee held its first public workshop recently to hear local perspectives about the future of gambling in the state as well as the potential social and economic impact expanded gaming would have on South Florida.
Early last year, state lawmakers shot down a bill to allow major casinos in South Florida. But now they’re reconsidering that decision, and possibly changing other state laws on gambling --- and that has plenty of people concerned.
Click the play button above and listen to WLRN's hour-long episode, "The Sunshine Economy: The Grocery Business," with host Tom Hudson. The episode is part of an ongoing series examining key industries of the South Florida economy. The show airs Mondays at 9:00 a.m. on 91.3 FM.
Would you pay $12 for this jar of pluot jelly?
It's a combination of apricots and plums. Plenty of people are shelling out the $12 for the 10-ounce jar at independent grocery store Joanna's Marketplace on South Dixie Highway in Miami.
This jelly is just one way the small store looks to compete in an increasingly crowded grocery store industry in South Florida.
Click the play button above to hear the radio version of this post.
The store you probably spend the most time in isn’t a boutique or a department store. I’ll bet, over the course of a year, it’s the supermarket.
On average, supermarket customers shop for groceries twice a week and spend about $100. In South Florida, Publix is the marketshare leader – dominating with close to 250 stores. Winn Dixie is second. And then, we have Walmart and Sedano’s.
While each chain is distinct in terms of pricing and store environment, there are commonalities in how many of them are designed, said Paco Underhill, a consultant and author who studies the science of how people shop all over the world.
France's government has taken legal steps to protect the country's independent booksellers from behemoths like Amazon. It already prohibits discounts of more than 5 percent on books. Now it's considering a law that would not allow online retailers like Amazon to offer both a 5 percent discount and free shipping.
Credit Eleanor Beardsley / NPR
Jean-Paul Collet, owner of two independent bookshops in Paris, says his stores never would have survived without French legislation that bars discounts of greater than 5 percent on books.
The confirmation by Amazon.com that it will build a pair of massive "fulfillment" centers along the Interstate 4 corridor means that sometime in the next two years Floridians will have to start paying sales taxes on purchases from the online retail giant.
But even with Amazon eventually joining other businesses located in Florida in collecting the state's sales tax, some groups will continue pushing to eliminate an exemption that has allowed out-of-state online retailers including eBay and Overstock to avoid the tax.
It’s entirely appropriate that Makers Square is a work in progress.
The grounds surrounding the brick-red building are covered with projects under construction, including large aquaponic planters built from pallets for herbs and fruit trees.
Nine shipping containers are being repurposed as classrooms, a pottery studio, a photography studio and rentable individual workspaces. Also in the plans: The roofs of those containers will be covered with gardens.
A woman displays Cuban pesos, or CUP (right) and the more valuable convertible pesos, or CUC (left), in Havana Tuesday. Raul Castro's government announced that it will begin unifying the two currencies.
Originally published on Tue October 22, 2013 4:09 pm
Cuba will end the two-currency system it has used for nearly 20 years. Since the collapse of the Soviet Union, Cuba has used either American currency or a peso that's pegged to the dollar alongside its national peso.
The monetary unification will phase out a system that has become a symbol of exclusivity and foreign wealth. Many products that are imported into the country can be bought only with the dollar-based convertible peso. But most Cubans are paid in the standard peso, which is worth just a fraction of the other currency.
Alexandra Estrada (right) is studying Portuguese at the Cultural Center for Language Studies in Miami. Estrada encounters many Brazilian customers in her job with the cruise industry. Her teacher is Valmira Hayes.
Port Canaveral, Port Everglades and the Port of Tampa are in line to receive $35 million next year to expand their facilities through a state program for strategic port investments.
As part of an effort to position the state's 15 seaports as a single global shipping hub, Gov. Rick Scott announced Wednesday he will recommend that the Legislature allocate the money to the projects. The announcement came during an appearance at the American Association of PortAuthorities convention in Orlando.