Notes and News
GOOD DEBT
Outstanding credit card debt nationwide is now at its second-highest point since 2008. But not to worry, Coral Gables. According to research reported last month by Wallet Hub, the City Beautiful is among the top 10 cities nationwide in terms of sustainable credit card debt, based on calculating the cost and time to pay off the median card balances of its residents.
SOUL MAN
Coral Gables resident Sam Moore, the music legend of the Sam and Dave duo, was among the invited guests last month at the funeral for President George H.W. Bush at the Washington National Cathedral. Moore, 83, and partner Dave Prater produced such hits as “Soul Man” and “Hold On, I’m Coming.” Moore performed at an inaugural event for Bush in 1989.
A REAL HANDFUL
First American Bank on Galiano Street is promoting a unique marketing ploy to “teach kids lifelong financial habits and earn a little extra money.” The gimmick? Kids 12 or under who open a Minor Savings account can scoop up money from a bucketful of coins. What they grab they can deposit – so long as they also deposit another $10 and the scoop does not exceed $10. The offer is good under Jan. 31. Sounds like a steal of a deal.
REPLACING THE PIG
For those saddened to see the demise of Swine Southern Table & Bar on Ponce, take heart. Early this year it will be replaced by Ad Lib, a new American-style eatery that promises “sophisticated playfulness” from the same 50 Eggs firm that launched Swine five years ago. Legendary Miami pastry chef Hedy Goldsmith will be returning from a three-year stint in L.A. to run the show, featuring local produce, wild-caught seafood and humanely raised meats.
