Aug 1, 2020 - Economy & Business

Rich New Yorkers' exodus to Florida

$14.995 million offering in Miami Beach. Photo: The Jills Zeder Group

New Yorkers are flooding sellers in places like Miami and Palm Beach "with offers, and the supply of available properties is plunging," Bloomberg reports.

What's happening: Florida’s tax laws have long been a draw for rich individuals, but the pandemic has increased the state's allure.

  • "What was the three-to-five year plan is now the three-to-five month plan,” Simon Isaacs, a Palm Beach luxury broker told Bloomberg. "If everything shuts down again, do you want to be stuck in an apartment in New York, or do you want to be stuck in a home in Florida?"

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Ursula Perano
Aug 1, 2020 - Politics & Policy

Trump releases 2019 financial records

President Trump. Photo: Anna Moneymaker-Pool/Getty Images

President Trump issued a required release of his 2019 financial records after receiving two 45-day extensions due to the COVID-19 pandemic.

What we know: Trump's minimum income was at least $446 million last year, but it was not specified whether the company took home a profit or a loss.

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Rebecca Falconer, Orion Rummler
Updated Aug 4, 2020 - Science

Isaias regains hurricane strength as it nears Carolinas

The scene at downtown at North Myrtle Beach as Tropical Storm Isaias approaches the South Carolina coastline on Monday. Photo: by Logan Cyrus/AFP via Getty Images

Hurricane Isaias is expected to make landfall Monday night with "dangerous winds and storm surge," the National Hurricane Center (NHC) said in an 8 p.m. update.

The latest: Isaias reached hurricane strength Monday evening. A tropical storm warning has been extended into Maine, and a tornado watch has been issued for parts of the Carolinas until 2 a.m.

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Axios
Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 19,451,097 — Total deaths: 722,835 — Total recoveries — 11,788,665 — Map.
  2. U.S.: Total confirmed cases as of 2. p.m. ET: 4,968,413 — Total deaths: 161,858 — Total recoveries: 1,623,870 — Total tests: 60,415,558 — Map.
  3. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective.
  4. Science: Indoor air is the next coronavirus frontline.
  5. Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.
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