FLORIDA CHARTS
FLORIDA NEWS SUMMARIES Florida sues CDC over cruise ban, citing losses for operators and state economy.
about the nearly $150 million being doled out by the state.
• Florida is suing the Centers for Disease Control and Prevention to resume U.S. cruise sailings, calling the lockdown “arbitrary and capricious” and citing hundreds of millions of dollars in potential losses for the state economy.
• The governor rattled off a long list of areas across the state getting millions of dollars to build “more resilient infrastructure,” including $2.8 million coming to Orlando and another $4.7 million for Osceola County.
• The cruise companies have been largely shut down due to the pandemic for more than a year, though there have been some more recent sailings in Europe and Asia for certain companies.
• The goal of this money is two-fold; helping communities recover from past hurricanes and better preparing them for future storms.
• Carnival (ticker: CCL), Royal Caribbean Group (RCL), and Norwegian Cruise Line Holdings (NCLH) have had to raise billions of dollars in capital as their ships mostly have sat idle. Source: BARRON’S, April 8, 2021 Florida Gov. Ron DeSantis announces $150 million for infrastructure improvements. • DeSantis was be joined at Bonnet Springs Park by Dane Eagle, executive director of the Department of Economic Opportunity, to talk
Source: Click Orlando, April 16, 2021 Gov. DeSantis touts Florida’s economic recovery over ‘lockdown’ states • Gov. Ron DeSantis on Wednesday highlighted Florida’s economic recovery and touted it over states that took a “lockdown” approach to the COVID-19 pandemic. Speaking at a press conference in Fort Myers, DeSantis took a moment to praise the state’s growing revenue stream and fortified “rainy day” fund. • Indeed, Florida’s revenue is trending upward.
