by: Robby Ross, Ocean Drive Magazine
Once again, Miami is showing the world that it moves to its own beat. While the majority of US cities remain weighted down by the effects of negative equity going into the fourth year of the recession, Miami has been soaring thanks to waves of cash flooding not only from its customary money pipeline, Latin America, but also from far, farther afield—Russia. The deluge of ruble-, bolívar-, peso-, and Brazilian real exchanged dollars has bailed out Miami’s real estate sector, crowded luxury label boutiques, recharged the restaurant scene, and is presently inspiring the best architects in the world to reshape the Miami skyline. Now, it is realigning the social and business sectors, too.