Florida's economy ranks among the largest in the world as of 2018 the gross state product (GSP) is about $1.0 trillion the fourth largest economy in the United States Florida is responsible for 5.0 percent of the United States' approximate $20.9 trillion gross domestic product (GDP) as of 2018 Florida's nominal GDP is larger than all but 15 countries in terms of Purchasing Power Parity it is larger than all but 24 countries in the 20th century tourism industry construction international banking biomedical and life sciences healthcare research simulation training aerospace and defense and commercial space travel have contributed to the state's economic development; .
The Beacon is the FIU student newspaper since 1965 the Beacon is published thrice weekly in a compact format during the Fall and Spring semesters (Monday Wednesday and Friday) and once a week on Wednesday during the Summer.The Beacon is available free campus-wide in the residence halls the Graham Center and all campus buildings. Manalapan The first airport on the site of MIA opened in the 1920s and was known as Miami City Airport Pan American World Airways opened an expanded facility adjacent to City Airport Pan American Field in 1928 Pan American Field was built on 116 acres of land on 36th Street and was the only mainland airport in the eastern United States that had port of entry facilities Its runways were located around the threshold of today's Runway 26R Eastern Airlines began to serve Pan American Field in 1931 followed by National Airlines in 1936 National used a terminal on the opposite side of LeJeune Road from the airport and would stop traffic on the road in order to taxi aircraft to and from its terminal Miami Army Airfield opened in 1943 during the Second World War to the south of Pan American Field: the runways of the two were originally separated by railroad tracks but the two airfields were listed in some directories as a single facility Following World War II in 1945 the City of Miami established a Port Authority and raised bond revenue to purchase Pan American Field which had been since renamed 36th Street Airport from Pan Am it merged with the former Miami Army Airfield which was purchased from the United States Army Air Force south of the railroad in 1949 and expanded further in 1951 when the railroad line itself was moved south to make more room the old terminal on 36th Street was closed in 1959 when the center modern passenger terminal (since greatly expanded) opened United States Air Force Reserve troop carrier and rescue squadrons also operated from the airport from 1949 through 1959 when the last unit relocated to nearby Homestead Air Force Base (now Homestead Air Reserve Base). . After Hurricane Maria devastated Puerto Rico in September 2017 a large population of Puerto Ricans began moving to Florida to escape the widespread destruction Hundreds of thousands of Puerto Ricans arrived in Florida after Maria dissipated with nearly half of them arriving in Orlando and large populations also moving to Tampa Fort Lauderdale and West Palm Beach. Initial attempts at developing agriculture near Lake Okeechobee were successful but the nutrients in the peat were rapidly removed In a process called soil subsidence oxidation of peat causes loss of volume Bacteria decompose dead sawgrass slowly underwater without oxygen When the water was drained in the 1920s and bacteria interacted with oxygen an aerobic reaction occurred Microorganisms degraded the peat into carbon dioxide and water Some of the peat was burned by settlers to clear the land Some homes built in the areas of early farms had to have their foundations moved to stilts as the peat deteriorated; other areas lost approximately 8 feet (2.4 m) of soil depth, National Universities 187 Florida International University There was also a period of alternatives to nightclubs the warehouse party acid house rave and outdoor festival scenes of the late 1980s and early 1990s were havens for the latest trends in electronic dance music especially house and its ever-more hypnotic synthetic offspring techno and trance in clubs like the infamous Warsaw Ballroom better known as Warsaw and the Mix where DJs like David Padilla (who was the resident DJ for both) and radio the new sound fed back into mainstream clubs across the country the scene in SoBe along with a bustling secondhand market for electronic instruments and turntables had a strong democratizing effect offering amateur "bedroom" DJs the opportunity to become proficient and popular as both music players and producers regardless of the whims of the professional music and club industries Some of these notable DJs are John Benetiz (better known as JellyBean Benetiz) Danny Tenaglia and David Padilla.
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