
MIAMI (CNN) - Florida Gov. Charlie Crist today announced the final terms of a deal with the U.S. Sugar Corporation that would give the state control of more than 180,000 acres of the Florida Everglades, and allow the company to remain in business.
Crist’s announcement of an $1.34 billion agreement to purchase of almost 300 square miles of land, which comes after months of negotiations, is billed as one of the largest environmental acquisitions in U.S. history.
The original terms of the deal would have resulted in the eventual closure of U.S. Sugar, but the new agreement — which lets the company retain much of its infrastructure, and continue to operate on its current land for several more years - may allow it to transition to new industries and preserve some local jobs.
Critics of the deal note that this purchase comes at a time that the state of Florida faces a budget shortfall, its already-precarious economic situation worsened by the nation’s financial crisis, which may limit its ability to raise the money to pay for the deal. If U.S. Sugar is not able to effectively re-focus its core business, the loss of the sugar industry could affect thousands of Florida workers. And the logistical challenge of restoring the Everglades remains a daunting one.
But the Everglades purchase has drawn praise from environmentalists – the same environmentalists who criticized Crist’s decision to support lifting the federal moratorium on drilling for oil off of the Florida coast. Scientists have called the land some of the most valuable in the Everglades, which they estimate has shrunk by half over the past hundred years.
Crist’s announcement comes as GOP governors gather in Miami to discuss how to rebuild the Republican Party.
WASHINGTON (CNN) - John Edwards took the stage at Indiana University on Tuesday night for a discussion on the 2008 presidential election, but members of the audience may have had something else on their minds entirely.
After all, this is the former North Carolina senator's first public appearance since his admission of an extramarital affair sent shockwaves through the political world more than three months ago.
Edwards talked about politics, poverty and his hopes for America and the world, according to The Associated Press. Afterward, he answered only written questions that had been submitted before his speech. The affair wasn't mentioned, AP reported.
The revelation, confirming a months-long investigation by the National Enquirer, was a political bombshell for the former candidate, who espoused moral values during his White House bid and whose wife is fighting a public battle with breast cancer.

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As his presidency nears its end, a reflective President Bush suggested Tuesday that he regrets some of his more blunt statements on the war on terrorism over the last eight years and said he wishes he had not spoken in front of a "Mission Accomplished" banner only a month after U.S. troops in Iraq were deployed.
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A rapidly deteriorating situation in the U.S. auto industry may serve as the backdrop for a classic contest of political wills between the outgoing Bush administration on one hand and both President-elect Obama and the newly strengthened Democratic congressional majority on the other.
CNN: Can John Edwards make a comeback?
John Edwards took the stage at Indiana University on Tuesday night for a discussion on the 2008 presidential election, but members of the audience may have had something else on their minds entirely.
Washington Post: Top Two Officials In U.S. Intelligence Expect to Lose Jobs
The nation's top two intelligence officers expect to be replaced by President-elect Barack Obama early in his administration, according to senior intelligence officials.
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