Category Archives: Miami

Dolphins Win a Game

Dolpnhins win a game. Will wonders never cease…..

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Forcing Released Offenders to Live Under a Causeway: The Outrage Continues

Readers may recall an angry anguished posting of mine from March, How Can We Tolerate This? recounting policies of Miami-Dade county which forced five released sex offenders to live under a bridge because there was no available housing they were allowed to live in due to rules prohibiting sex offenders to live within 2500 feet of a school — any school. This was followed up with Bridge to Nowhere, reporting that the County had swung into action — and moved the people to a different outdoor location under the Julia Tuttle Causeway.

Well, eight months later, not only are they still there, their numbers have grown. Now instead of five we have about twenty who are forced to live rough because they county won't let them live (almost) anywhere else.

The story was picked up by national media outlets, and for a few weeks the bridge was a source of widespread disbelief. Statements were made, resolutions were passed, letters were sent — but nothing changed. Since then, much to the relief of local politicians, no doubt, the situation seems to have quietly faded from public memory.

But the numbers kept growing. More than 30 men have been sent to live here in the intervening months. A few have since left — the majority of them arrested for minor violations of probation, two or three were able to move out, and two have disappeared. But most — as of press time, at least 20 — remain under the bridge, even though many have families willing to house them. Everyone agrees the situation under the Julia Tuttle has become untenable, but so far neither local politicians, nor the courts, nor the state legislature have been willing to do anything about it.

How much of Miami-Dade County, exactly, does the 2,500-foot ordinance cover? Pretty much all of it, according to a map produced by the county and distributed to police and newly released sex offenders. It shows schools in the county — private, charter, and public — each with a colored blob around it representing the 2,500-foot sex-offender no man's land. The blobs cover the map; the only open patches are Miami International Airport, a few farm tracts in the Redland and near the Everglades, and, perhaps ironically, much of the well-to-do town of Pinecrest, which is protected from most sex offenders by property values instead of ordinances. (Sex offenders, like any other kind of felon, overwhelmingly tend to be poor.)

State and local leaders have taken turns abdicating responsibility for the problem of homeless sex offenders — that is, sex offenders made homeless by local law. Politicians have dumped it, whenever possible, back and forth onto one other like a game of hot potato.

There are other places sex offenders can live. On Krome Avenue in Northwest Miami-Dade — past the vacant lots, junkyards, and farms — sits a small, rundown trailer park, inhabited mostly by Mexican families, laborers, and agricultural workers. Three sex offenders are registered as living there. Far from any school, park, playground, or daycare center, the location might seem ideal. Except for one thing: Every day, around 3 p.m., a dozen women gather in front of the park to wait for a dusty yellow school bus to drop off their children. They scream and squirm their way to their mothers' sides and walk away with them, hand in hand.

Asked if the 2,500-foot ordinance is pushing sex offenders into poor communities, [Ron] Book [chair of a county task force that is supposed to be considering the issue] pauses. “I don't have to like it,” he says. “Look, I don't have all the solutions.”

This is not just a Miami problem:

In July, Fort Lauderdale probation officers came up with six different bridges to which they planned to assign sex offenders on a rotational basis.

Let us be really clear on what is happening here: the state — in the form of probation officers — is ordering these released persons to live outdoors, in a squatters camp under the causeway, because there is no other place they can live. Failure to stay there is a probation violation which will have them returned to jail.

This must, by any sense of the law, be cruel and unusual punishment: people are not even allowed to live in the homes they previously inhabited. In some cases the causeway-bound have spouses and own homes, but as a result of this rule they cannot live together.

The county's rule must be unconstitutional. But the wheels of justice grind slowly,

At least two challenges to Miami-Dade's ordinance are already brewing. On November 7, the Public Defender's Office filed a memo in support of a motion to declare the county ordinance unconstitutional and pre-empted by state law. The ACLU is looking into challenging the law as well.

Read the whole thing.

Posted in Miami | 12 Comments

MiamiBeach411.Com Hosts A Dinner

Last night I had the good fortune to attend a Miami bloggers' holiday party at the Tuscan Steakhouse, hosted by the urbane and charming Gus Moore of Miamibeach411.com.

Miami has a diverse and vibrant local blogging scene of which, given my more varied interests, I am only a vestigial part, so I appreciate very much being included along with local giants such as Miamibeach411.com (now a very numerous gang indeed) and Stuck on the Palmetto, which turns out to be a written by some smart adverting guys in their spare time, and not by moonlighting frustrated city planners as one might have imagined.

Other blogs represented included:
* Ipanemic
* Sex and the Beach
* Miami Rhapsody
* All Purpose Dark
* Dan Renzi (he's apparently famous for something)
* Fanless (warning: will hurt your eyes)
* Blenderlaw
* Miami Condo Investments (two guys, suprisingly upbeat)
* Miami Vision Blogorama
* A Mom, A Blog and the Life In-Between (the same person also does a Coral Gables Blog and another I didn't catch).
* South Beach Real Estate Blog
* Burnett's Urban Etiquette
* Miami Fever's Photos (a flicker stream)
* Restaurant Gal

No sign of Greener Miami though.

I am not good at circulating at crowded parties, and as a result I didn't get to talk to several people there whose blogs I read and who I would have liked to meet. I'll try to do better next time.

The group seemed more beach than suburban, and had a surprisingly large number of very recent transplants to Miami. And the food was good!

But it was a bit of a shock to be told by one local blogger about the secret plan to replace the dollar with the Amero. Who knew?

I had fun and look forward to the next one.

Posted in Miami | 3 Comments

Miami Is Different

Lifehacker asks, How Do You Prepare Your Car for Driving in the Winter? [Ask The Readers].

It's easy: at some point in December I stop putting up the sun shade on the dashboard.

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Citizens Insurance and Other South Florida Public Bodies May Lose Big If State Fund Collapses

I'm not reading much about it in the local newspaper, but I gather from the Tallahassee Democrat that we here in South Florida are at risk of bearing a large share of the losses coming from the collapse and likely fire-sale liquidation of Florida's Local Government Investment Pool (LGIP). And this even though the local county government pulled out its money before the fund temporarily (?) closed redemptions.

The LGIP is a 25-year-old fund that was designed to let local governments, especially smaller ones without investment advisers, to make some short-term returns on tax revenues. The money is supposed to be readily available for payments of bills and payroll, so it's basically a money-market fund for local government. One that has fancy financial advisers, and still ended up holding some dodgy mortgage-backed securities and being long in Countrywide Financial Corp.

Calculated Risk is all over this story. The basic facts of the run on what amounts to a non-bank bank fund are at Bloomberg, Florida Schools Struggle to Pay Teachers Amid Freeze (Update4): The smarter investors pulled out somewhere between $8-$13 billion during the past month. The slower dumber ones are stuck with an illiquid investment of uncertain value — and many of them need the cash for operating expenses.

Add in the unintentionally darkly funny Florida Governments Reject Idea of Accepting Losses on Pool, in which politicians acted as if bluster could replace economic reality,

A newly formed advisory panel composed of Florida school and local government officials with money frozen in a state-run investment pool said they won't accept a return of less than 100 percent of their investment.

Slow-moving parties are left holding the bag, which still has $14 billion invested in it, but much less if you try to take it out. And who are among the top 20 investors in this decaying fund? Why lots of people around here. Of the (nominal) $14 billion left in the fund, a full seventh, $2 billion, was left there by my insurance company, the state insurer of last resort, Citizens Insurance Co. Depending on the size of the losses, I can imagine much higher premiums next year.

Number seven on the top-20 list is the Southwest Florida Water Management District, which has $285.4 million at risk. Miami-Dade Community College, with $146 million, is number 20. Several near-by counties are also on the list, but not it seems Miami-Dade itself, which pulled out its money before the fund stopped permitting withdrawals.

The strangest part of this story is that it does seem like panic is the worst thing that could happen here. From what I can figure out, originally the mortgage-backed paper was only a small percentage of the fund's holdings. As it has been liquidating assets to pay the governments pulling out, the fund has been selling more quality paper than the illiquid stuff. But as a result, the mortgage-backed paper becomes a larger percentage of the remaining holdings, making remaining investors ever-more nervous. Which is why the fund called a halt to redemptions.

At present, it may be that the 'bad' paper (not all of which is necessarily bad — the problem is no one knows so no one wants to buy it at anywhere near face value) is still only 10% of total assets. But it's a bank run: no one is going to put money in here, and everyone has a rational fear of coming at the tail end, when the mortgage-backed securities might be all that is left.

Actually, it's not even all mortgage-backed structured investment vehicles (SIVs):

The fund's $900 million of asset-backed commercial paper that was downgraded to default amounts to 6 percent of its assets. Another $650 million, or 4 percent, is invested in certificates of deposit at Countrywide Bank FSB, a unit of Countrywide Financial Corp. The bank's rating was cut to Baa1, three levels above junk status, by Moody's Investors Service on Aug. 16.

The pool owns $168 million of debt from KKR Atlantic Funding Trust cut to D from B by Fitch Ratings on Oct. 8. It also has $356 million issued by KKR Pacific Funding Trust, cut to D from B by Fitch Ratings on Oct. 2. Fitch said the cut to default on the debt reflected non-payment under the original terms. The debt was restructured to extend the maturities to February and March, and interest payments are continuing.

…Florida's pool has $180 million of paper from Ottimo Funding, cut to D from C by S&P on Nov. 9. S&P said an auction of Ottimo's collateral “did not generate cash proceeds'' to repay the asset-backed commercial paper.

The pool also holds $175 million of short-term debt issued by Axon Financial Funding, the SIV also held by Montana. It was cut to D from C by S&P this week. S&P said Axon failed to pay liabilities maturing Nov. 26, causing an “automatic liquidation event.''

Florida isn't alone here: there are similar problems in many other states.

Oh yes, and PayPal too: PayPal customers' cash exposed to illiquid assets.

Update: And Norway, U.S. Credit Crisis Adds to Gloom in Arctic Norway. Norway?

Posted in Econ & Money: Mortgage Mess, Miami | 1 Comment

I Am Now a Locavore

I am now a locavore.

This morning we picked up our first box of local produce from Redland Organics & Bee Heaven Farm, Miami's Community-Supported Agriculture, which proudly calls itself “the southernmost CSA in the USA.” They deliver to a member's house, not all that far from where I live.

There was a healthy mix of things in the box — not too much of anything. Mostly leafy things, but also radishes, herbs, and (if the packing list is to be believed) avocados. I didn't have time to look carefully because I have an all-day committee meeting…

Posted in Miami | 1 Comment