News from the South - Florida News Feed
Report: Florida’s pension system on solid financial ground | Florida
SUMMARY: Florida’s pension system improved significantly in the past fiscal year, with the Florida Retirement System achieving a 10.52% investment return, boosting its net position to $199.7 billion, up 6.6% from $187.4 billion. The funding ratio increased from 82.4% to 83.7%. Total liabilities rose to $6.06 billion, while employer contributions surged by 15.6% to $6.5 billion. Employee contributions also increased to $923 million. Benefits for retirees climbed 0.9% to $12.36 billion, supporting 459,428 retirees and beneficiaries. The system, which has 659,333 contributing members, offers both a defined-benefit pension and an investment plan option.
The post Report: Florida’s pension system on solid financial ground | Florida appeared first on www.thecentersquare.com
News from the South - Florida News Feed
Senate nears final approval of a bill that could increase penalties for fentanyl traffickers
SUMMARY: The Senate is poised to approve the HALT Fentanyl Act, aimed at imposing harsher prison sentences for fentanyl traffickers. With bipartisan support, the bill has passed the House and is championed by Majority Leader John Thune, who emphasizes its role in empowering law enforcement against drug distribution. The act would permanently classify all fentanyl variants as Schedule 1 substances, increasing criminal convictions for their distribution. Critics argue it overlooks addiction’s root causes and may perpetuate outdated “war on drugs” tactics, potentially disrupting communities and research efforts. The legislation responds to the fentanyl crisis, linked to numerous overdose deaths.
The post Senate nears final approval of a bill that could increase penalties for fentanyl traffickers appeared first on www.clickorlando.com
News from the South - Florida News Feed
Asian shares advance, despite Wall Street’s tumble, as China pledges to boost consumer spending
SUMMARY: Asian markets rose on Friday, ignoring declines in Wall Street, with significant gains in China spurred by directives for state-run banks to enhance consumer spending. Hong Kong’s benchmark surged 2.5%, while the Shanghai Composite increased 1.9%. In Japan, the Nikkei 225 climbed 0.9%. Meanwhile, Wall Street experienced a sell-off as President Trump’s trade war escalated, marked by a 1.4% drop in the S&P 500 and a 1.3% fall in the Dow. Despite mixed economic signals, such as mild inflation and steady job applications, stocks related to AI faced increased pressure. Oil prices and U.S. dollar values rose slightly.
The post Asian shares advance, despite Wall Street’s tumble, as China pledges to boost consumer spending appeared first on www.news4jax.com
News from the South - Florida News Feed
Second arrest made in deadly drive-by shooting of 3-year-old Fort Lauderdale boy
SUMMARY: A second man, 23-year-old Daddy Esquire III, has been charged in the death of 3-year-old Ryo Yansy, who was shot last summer while going down a slide at a Fort Lauderdale park. Tyler Hollands, 20, was charged with first-degree murder earlier. Investigators believe the shooting was part of a drive-by incident involving two cars. While the family is grateful for the arrests, they remain heartbroken and seek justice. Authorities are still searching for other suspects involved and are offering a reward of up to $110,000 for information leading to further arrests.

CBS News Miami’s Anna McAllister has the latest on the arrest and how the family is still dealing with heartache eight months after the fatal shooting.
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