Trumparilla Boat Parade kicks off in Fort MyersThe Weather Authority: Hot temperatures, rain, and we’re watching the tropics
FORT MYERS Trumparilla Boat Parade kicks off in Fort Myers The Lee County GOP is hosting the Trumparilla Boat Parade in support of the Republican nominee.
Southwest Florida The Weather Authority: Hot temperatures, rain, and we’re watching the tropics Get ready for a typical Southwest Florida weekend. It’s going to feel like the triple digits before rain rolls in and we’re watching the tropics.
ALVA Woodpeckers build home in Alva woman’s house You may have heard of squatters, but this woman is dealing with squawkers. Who needs a rooster to wake up when you have woodpeckers?
FORT MYERS Man claims he was trapped in a high-rise for 5 days A 77-year-old man wants justice after he claims he spent days trapped on the 24th floor of a high-rise apartment building.
PUNTA GORDA Charlotte Correctional prisoner charged for death of another inmate State Attorney Amira Fox convened a grand jury, which decided to move forward with a case against a Charlotte Correctional inmate.
SANIBEL Construction near Dairy Queen eagle nest on Sanibel raises concerns While many eagle nests may be a bit difficult to see, one nest has always been a favorite for Sanibel residents and tourists.
The environmental effects of artificial sweeteners Experts are studying how the foods we eat affect the environment, especially after we flush our waste down the toilet.
Victim reacts to man exposing himself to her Ring camera You get a notification on your phone from your ring camera app that someone is at the door, only to find out it is someone exposing themselves. It’s the last thing victim Maria Kivi wanted or expected to see last week.
LEE COUNTY The art of capturing your eye and drawing you in How do you capture young, hip, trendy, fun, movers and shakers, all in a pose? We take you behind the scenes of a Gulfshore Life cover shoot.
FORT MYERS The lives of two SJC Boxers changed in the ring Two SJC Boxers, Mario Nunez and Arbon Kurtishi, help each other in the ring as each of them had their lives changed because of boxing.
FORT MYERS Chlamydia cases rising sharply in Lee County If you think about a crowded space- something with more than 250 people- if it’s in Lee county, statistically one person has chlamydia.
SANIBEL Sanibel resort day passes hope to get more business on the island A pass will allow vacationers to hang out at a Sanibel beach club for a day in hopes of drumming up some business.
Voting equipment tested ahead of Lee County elections Voting equipment is being tested in Lee County. This is to ensure all ballots are printed and counted correctly for the upcoming election.
Collier County teen assaulted after leaving party The teen has been charged and the sheriff’s office said they’re aware that many believe felony charges are in order, but under Florida law, there are very specific criteria that must be met for felony charges to be filed.
WINK weather team watching tropical wave over Atlantic Ocean The Weather Authority is watching a tropical disturbance over the Central Atlantic Ocean.
FORT MYERS Trumparilla Boat Parade kicks off in Fort Myers The Lee County GOP is hosting the Trumparilla Boat Parade in support of the Republican nominee.
Southwest Florida The Weather Authority: Hot temperatures, rain, and we’re watching the tropics Get ready for a typical Southwest Florida weekend. It’s going to feel like the triple digits before rain rolls in and we’re watching the tropics.
ALVA Woodpeckers build home in Alva woman’s house You may have heard of squatters, but this woman is dealing with squawkers. Who needs a rooster to wake up when you have woodpeckers?
FORT MYERS Man claims he was trapped in a high-rise for 5 days A 77-year-old man wants justice after he claims he spent days trapped on the 24th floor of a high-rise apartment building.
PUNTA GORDA Charlotte Correctional prisoner charged for death of another inmate State Attorney Amira Fox convened a grand jury, which decided to move forward with a case against a Charlotte Correctional inmate.
SANIBEL Construction near Dairy Queen eagle nest on Sanibel raises concerns While many eagle nests may be a bit difficult to see, one nest has always been a favorite for Sanibel residents and tourists.
The environmental effects of artificial sweeteners Experts are studying how the foods we eat affect the environment, especially after we flush our waste down the toilet.
Victim reacts to man exposing himself to her Ring camera You get a notification on your phone from your ring camera app that someone is at the door, only to find out it is someone exposing themselves. It’s the last thing victim Maria Kivi wanted or expected to see last week.
LEE COUNTY The art of capturing your eye and drawing you in How do you capture young, hip, trendy, fun, movers and shakers, all in a pose? We take you behind the scenes of a Gulfshore Life cover shoot.
FORT MYERS The lives of two SJC Boxers changed in the ring Two SJC Boxers, Mario Nunez and Arbon Kurtishi, help each other in the ring as each of them had their lives changed because of boxing.
FORT MYERS Chlamydia cases rising sharply in Lee County If you think about a crowded space- something with more than 250 people- if it’s in Lee county, statistically one person has chlamydia.
SANIBEL Sanibel resort day passes hope to get more business on the island A pass will allow vacationers to hang out at a Sanibel beach club for a day in hopes of drumming up some business.
Voting equipment tested ahead of Lee County elections Voting equipment is being tested in Lee County. This is to ensure all ballots are printed and counted correctly for the upcoming election.
Collier County teen assaulted after leaving party The teen has been charged and the sheriff’s office said they’re aware that many believe felony charges are in order, but under Florida law, there are very specific criteria that must be met for felony charges to be filed.
WINK weather team watching tropical wave over Atlantic Ocean The Weather Authority is watching a tropical disturbance over the Central Atlantic Ocean.
Although President Biden’s student loan relief program has plenty of upsides for borrowers, critics are raising concerns the landmark initiative could hurt the economy by fanning the hottest U.S. inflation in 40 years. Wall Street’s message to Main Street: Don’t worry, because the impact of the student debt relief program on inflation will be small, and perhaps not even measurable. Their forecasts come as some critics are sounding the alarm about the program’s impact on prices, which have surged in the past year amid strong consumer demand and supply-chain bottlenecks. In their view, wiping out billions in debt for the nation’s more than 40 million student-loan borrowers will fuel consumer spending, making it more difficult to bring inflation to heel. But Wall Street economists think the impact will be tempered by student loan repayments restarting in January. And the average student debt load is about $36,000, which means that Biden’s plan only covers a portion of the typical borrower’s outstanding loans. The program will reduce student debt balances by about $400 billion and shave payments from about 0.4% to 0.3% of personal income, Goldman Sachs analysts Joseph Briggs and Alec Phillips said Thursday in a research note. Total outstanding student debt in the U.S. is about $1.7 trillion, which means the loan forgiveness will erase fewer than one-quarter of outstanding balances. “The aggregate effects from such an income boost would be small, however, with the level of GDP increasing by about 0.1% in 2023 with smaller effects in subsequent years. We would expect the effects on inflation to be similarly small,” they noted. Bank of America economists agreed, noting that resuming student loan repayments will offset the relief from loan forgiveness. “A dampened wealth effect and no alteration in the near-term path for disposable income lead us to leave our near-term outlook for personal spending unchanged,” they said in a report. “In turn, we leave our outlook for growth and inflation unchanged as well.” To be sure, not every economist is so sanguine. “[T]he commonsense view that the plan provides a direct benefit to borrowers is correct,” Harvard University economist Jason Furman, former chair of the Council of Economic Advisers under President Obama, wrote on Twitter. “But economists & analysts need to use that same perspective to understand what the indirect costs are for others. Inflation is one of them.” Furman warned in another tweet that the debt-relief program will be “[p]ouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning,” calling it “reckless.” In sum, the commonsense view that the plan provides a direct benefit to borrowers is correct. It is helping many & not hurting any. But economists & analysts need to use that same perspective to understand what the indirect costs are for others. Inflation is one of them. ā Jason Furman (@jasonfurman) August 25, 2022 In their view, the impact of millions of households with additional income will likely drive up prices at a time when food, housing and other costs are already sharply higher. Even so, some economists point out that the reason for student debt relief should focus on the good it will provide to millions of households, not merely on dry economic figures. “Whatever you think about student debt cancellation, inflation worries shouldn’t drive the policy, as some people seem to be arguing,” wrote Nobel laureate economist Joseph Stiglitz on Twitter. “What next? Eliminate food stamps as a way to fight inflation?”