Bloomberg BNA — Sea rise, storm surge and other climate change impacts could put billions of dollars worth of coastal properties and tourism activities in South Florida at risk, local officials said April 22 at a field hearing in Miami Beach organized by Sen. Bill Nelson (D-Fla.).
One morning last fall, American graffiti artist Cope2 (real name: Fernando Carlo) walked up the Rue Oberkampf in Paris to a bare wall abutting the century-old Café Charbon. A bald, thickset man dressed in a black T-shirt, jeans and work boots, he contemplated the surface while a crew of helpers tested a ladder for weight and unpacked bags of spray paint. Donning a protective mask, the 45-year-old practitioner of New York’s so-called Wildstyle shook the day’s first aerosol can and confidently began a billboard-sized composition consisting of the word Cope rendered repeatedly in blue and green balloon letters outlined in black.
Hedge-fund firms Saba Capital Management LP and Pine River Capital Management are piling into closed-end debt funds with share prices that plunged below the value of their assets by the most since the credit crisis.
The Fontainebleau Miami Beach is booked solid next week as bankers prepare to crowd the iconic lobby for cocktails at an annual bond-market convention. For owner Jeffrey Soffer, the conference helps justify a $1 billion makeover that almost cost him the property three years ago.
A Florida man can be charged with money laundering in a case involving the use of Bitcoins, a judge ruled, rejecting a defense claim that he did nothing illegal because the online currency isn’t money.
Two Florida men charged with using the online Bitcoins in an alleged money-laundering scheme did nothing illegal because state law covers only currency issued by the U.S. or another country, their lawyers said.