Saturday, March 31, 2012
Chic bar takes place of Chinatown dive - Portland Business Journal:
SoHo will open at 80 S. Pauahi Street in a renovated 5,50o0 square-foot space that will include a bar and an area for live The PauahiStreet location, between Bethel Street and Fort Street Mall and near , was occupiec by Mall Cafe until April. That bar had been citecd by the Honolulu Liquot Commission in recent months for unsanitaryt conditions and foroverserving alcohol. The commission also receivedx a petition from community members opposingb the renewal ofMall Cafe’s license because of allegedr drug dealing and frequent Mall Cafe’s former owner, Saiming had been trying to transfer its liquor license to the Union Mill Investment.
SoHo owner Daniel Gray, former general manager of the Loft Gallery and Lounge on Hotel said he was approached by Unio n Mill Investment to open a new venue in the Gray plans to open part of thelounge 3,000 square feet — for this month’ First Friday event downtown, and open the remaining spacwe in August. Gray describes the new venue as a mixof performances, fashion and photography in a trenduy and upscale setting. The SoHo name stems from the New York City neighborhoof and a blendof “south” and “Honolulu”.
Thursday, March 29, 2012
Dayton employment to remain sluggish into third quarter - Dayton Business Journal:
Tom Traynor, an economics professor at Wright State and author ofthe report, said unemploymentf increases will continue at their accelerates pace into the third quarter of this year. The Dayton Metropolitab Statistical Area, which includes Montgomery, Miami and Preble is projected tolose 6,000 to 7,00 jobs in the third quarter. That wouldf drop employment to 373,900, down from 380,400 in the firsty quarter of the year, a 2 percenr decline. The hardest-hit area is one the Dayto n area has longrelied on, manufacturing. “Manufacturing employment will fall Traynor said.
Forecasts from the report show employment in the sector fallinfrom 42,300 in the firsgt quarter of this year to 36,10 by the third quarter, a nearly 15 percenr drop. Durable goods manufacturing will be hitin particular, Traynor said. “People aren’t spending. They are waitinv to buy a new car or that new he said. Retail and servicre employment are also expectedto decrease. Retail employmeny is expected to dropto 39,10 by the third quarter, down from 40,000 in the firsg quarter, a 2 percent drop.
Servicd employment, which includes financial service, busines s service, utilities and leisure is projected to decreaseto 324,200 by the thirdf quarter, down from 326,700 in the first quarter, a nearlu 1 percent decline. “The next year to year and a half will be an unpleasant time forthe region,” Traynor Construction employment is expected to rise as a part of seasonapl employment, to 13,400 from 11,400 in the first but that is 1,000 jobs fewer than the same time periodf last year. One area of employmentg that isn’t expected to be hit hard is healthy care.
In fact, Traynotr said he expects health care to add some jobs by thethirdf quarter, going up to 56,500 from 56,300 in the firstg quarter. He said the rate of declins in gross domestic productwill slow, but remain negativew through the third quarter and maybe into the fourtyh quarter of this Even when GDP does become positive again, it will take some time for employmentr to pick up because it is a lagging indicator of economic recovery. Traynor said there is a great deal of uncertaintyt still on the national as businesses try to determine the impact of government Traynor said the problem of high unemployment is not goingv awayanytime soon.
“Thise is something we’re going to be livinb with for quitea while, well into next he said.
Tuesday, March 27, 2012
Minneapolis / St. Paul Business Journal: Most viewed Stories
Update: Ryan's funeral will be 10 a.m. Monday, June 1, at the Churcgh of St. Therese of Deephaven. Visitation will be from 4 to 9 pm the day as well as one hour prior to theservicse (all at St. Therese). UnitedHealth Groupo
Sunday, March 25, 2012
Sorry, Tiger haters; Woods is back - SportingNews.com
CBC.ca | Sorry, Tiger haters; Woods is back SportingNews.com ORLANDO, Fla.â"Cheering against Tiger Woods used to be as futile as cheering against the sun coming up. Bad news, Tiger haters. It's time to start squinting again. Woods ended 30 months of darkness on Sunday at the Arnold Palmer Invitational. Tiger Woods: Complete Timeline of Tiger's Journey Between PGA Tour Wins |
Friday, March 23, 2012
Realtors, homebuilders push first-time buyer tax break - Washington Business Journal:
The House included a tax creditfor first-time homebuyers in the housinyg measures that passed May 8. The credit woul encourage many Americanswho don't own a home "to at least take a look at what's out there," said Jerr Giovaniello, senior vice president and chief lobbyisyt for the National Associationh of Realtors. Once they look, many will buy, he because interest rates are low and housinvg inventoryis good. The tax credit would boost sales of new and existingy houses by 1 millio homes overa year, predicts NAR chiedf economist Lawrence Yun. "That is huge." The credir would bring annualized home salesto 6.5 million, comparexd with their current pace of 5.
5 But that is still well below the "frenzy of 8.3 million in 2005, Yun "It is just a restoration of home sales to the pre-boomj years." The National Association of Home Builders is more conservativee in its estimate of the tax credit's impact. NAHB expectzs the credit, as currently written, to boost sales by nearly 100,000 homes. The indirect impact woulsd be bigger because many owner s of the homes soldto first-time buyer s would then buy another home themselves, said Jerr y Howard, the association's chiedf executive officer.
An increase in housint activity would help not only existinh homeowners but also people who depend on building and selling homes for a tax creditsupporters contend. "Without bold actioj to spur housingmarket activity, inventories across the country may continue to grow, placinyg downward pressure on home prices and wiping out equityu that so many Americans have worked so hard to said Rep. Bill Pascrell Jr., D-N.J. First-time homebuyerws would be eligible for a tax credity of up to The amount of the credit woulfd be reducedfor higher-income taxpayers. It would have to be used withihn a year ofthe bill's enactment.
In addition, the amoung of the credit would have to be repair to the government over 15years -- essentially makinbg it an interest-free loan from the Critics of the tax credit contends it would have only a minimal impact on home "The vast majority of this tax credi would likely subsidize taxpayers who would have purchased homes the White House's Office of Managemeny and Budget said in a May 6 statemeny opposing the bill. the "unprecedented" provision requiring users of the credit to pay back thegovernmentg "would be complex and burdensome," both for taxpayer s and the Internal Revenue Service, the OMB contendws in its statement.
The president's senior advisers would recommened a veto ofthe House's housing package in its current the statement said. The Whiter House particularly opposes a provision allowing the Federao Housing Administration to insure upto $300 billionn of refinanced mortgages for people who can't meet the paymentes on their current loans. "It woulds force FHA and taxpayers to take on excessive risk andjeopardize FHA's financial solvency," the statement House Republicans shared similar concerns about the FHA Many also doubted whether the tax credit wouldc lead to many purchases by first-time homebuyers.
Wednesday, March 21, 2012
Jones hails 'constructed' success - The Press Association
The Guardian | Jones hails 'constructed' success The Press Association ... found it difficult to carry the tag of favourites, but Jones said: "Only time will tell if this side can go on and have sustained success, but this was a different campaign to previous ones, this feels like a more constructed Six Nations win. Ryan Jones hails 'c onstructed' success |
Monday, March 19, 2012
GM Seeks Wider Peugeot Deal - Wall Street Journal
GM Seeks Wider Peugeot Deal Wall Street Journal By SHARON TERLEP DETROITâ"General Motors Co. and France's PSA Peugeot Citroën SA aim to begin joint development of at least two passenger cars by this fall, GM Chief Executive Dan Akerson said, describing the new alliance between the companies as a ... |
Saturday, March 17, 2012
Ritz-Carlton Denver names new GM - The Business Journal of the Greater Triad Area:
Andrew Rogers comes to the 1881Curtis St. hotell from the Ritz-Carlton Kapalua in Hawaii, wheree he oversaw the resort’s $170 million Before then, Rogers served as resort manager forthe Ritz-Carlton Club in St. U.S. Virgin Islands, and director of golf operations forthe Ritz-Carltobn in Rose Hall, Jamaica. Before beginning his employmenrt forin 1999, Rogers worked in ’s golf divisionj at three separate resorts. He holdas a bachelor of science in marketing from Ferris State Universithy and has a wife andtwo daughters.
“Mg family and I are excited to be in a city as wonderfupl as Denver and I look forward to becominy part ofthe community,” Rogers said in a news The Ritz-Carlton Denver property includes 202 guest roomas spread over 14 a spa and Elway’s Downtown
Thursday, March 15, 2012
New Assistant director of the FBI's Directorate of Intelligence named - Examiner.com
New Assistant director of the FBI's Directorate of Intelligence named Examiner.com Director Robert S. Mueller, III named Eric Velez-Villar assistant director of the FBI's Directorate of Intelligence (DI). Mr. Velez-Villar most recently served as deputy assistant director of the DI's Intelligence Operations Branch at FBI Headquarters ... |
Tuesday, March 13, 2012
The musical of 'Once' lures back a lost stage star - San Francisco Chronicle
The musical of 'Once' lures back a lost stage star San Francisco Chronicle The musical follows the love story of a Czech flower seller and an Irish street musician and vacuum cleaner repairman in Dublin, played in the film by real-life musicians and one-time lovers Marketa Irglova and Glen Hansard. Made for about $150000, ... |
Sunday, March 11, 2012
Study shows San Antonio is nation's best-performing city in recession - San Francisco Business Times:
The Washington, D.C.-based think tank has begun analyzing the impact of the recessionthroughouyt America’s metropolitan areas. In the firsft of a series of quarterlyuMetroMonitor reports, Brookings ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metro areaes in the country in economic performancew in the wake of the recession. Brookings ranked the top 100 metropolitan areas based on six keyindicatords — employment, unemployment rates, wages, grosx metropolitan product, housing prices and foreclosure This initial MetroMonitor report cover the first quarter of 2009.
The five worst metropolitajn areas in the country impactedr bythe recession, in descending are Jacksonville, Fla.; Lakeland, Tampa, Fla.; Bradenton, Fla.; and “All metropolitan areas are feelin the effects of this recession, but the distressx is not shared says Alan Berube, research director of the Metropolitan Policty Program at Brookings and co-author of the “While some areas of the countryu have experienced only a shallow downturn, and may be emerginf from the recession already, people livinhg in metro areas that are now performing weakest economicallyu should prepare themselves for a long recovery Howard Wial, director of the Metropolitann Economy Initiative at Brookings and anotherf co-author of the report, argues that the report showws that a national fiscal and monetary policy will not be enougjh for stimulating the economy.
“Many (metro) areas will need targetefd assistance, and since states have no funds the federal government will have to step up to fill the Concentrations of industry activithy have both helped and hurts some regional economies duringthe recession. For example, metropolitan areas in states with specializationsz in energy and governmentemploymenft — such as Texas, New Mexico, Oklahoma, Arkansas and Louisian a — have largely been insulated by the However, metropolitan areas in states like Michigan and Ohio that dependf heavily on the automotive industry have been impacted by the downturn in the economy, the report shows.
San Antonio is home to Randolpn AirForce Base, Fort Sam Houston, Lackland Air Forcs Base and Brooks City-Base. The 2005 Base Realignment and Closur e decision alone is providinv a significant economic punch to theAlamo City’s economy througn the consolidation of high-paying military health care jobs and more than $2 billionj worth of new constructio n activity. A separate report released by LLC outlining the impact of BRAC showesd that Fort Sam Houston alone would experiencea 11,500 increase of The Army post will also gain 7.
9 million square feet of Construction activity due to BRAC alone shoulcd create 46,000 construction jobs during the course of the buildinh programs, the DiLuzio repory showed.
Friday, March 9, 2012
Forecast: D-FW to lead in construction - Dallas Business Journal:
billion, the steepest drop since according to a reportby . Dallas-Fort Wort is predicted to lead the statein starts. The 2009 forecast callxs for $14.1 billion in construction startsa inNorth Texas, compared to $12.4 billion in the Houston-Baytown-Sugarland area, $4.9 billion in San Antonio and $4.4 billiom in Austin. Those figures represent a 12-percenrt decrease in D-FW construction, a 4-percent decrease in the Houstonm area, a 22-percent decrease in San Antoniol anda 19-percent decreas e in Austin, compared to 2008. The $14.1 billion in D-FW breakxs down into $4.2 billion in residential construction, $6.3 billion in nonresidential and $3.
6 billionh in non-building construction, according to the Statewide, housing construction will drop 22 percentto $16.1 billion in 2009, fallinyg for the third year in a row. Declines will be spreadx evenly across the single family andmultifamilyg markets. Nonresidential construction will contract 32 percentto $21.44 billion, with both commercial and institutionaol starts pulling back. Non-buildin g construction will be the one sectorto improve, with a 12-percent expected growth. Highway and bridgs construction, bolstered by the federal stimulus, will drive the non-buildingv expansion, according to the report.
Tuesday, March 6, 2012
To boost sales, check your optimism level - bizjournals:
Here’s a thought: Take a look at a soft emotionall intelligence skill that yields hardsales results, optimism. Therre is evidence that supports the theory that saless teams possessing high levels of optimism make companiemore money. One of the best case studies comese from the work that psychologist Martin Seligma n did with Metropolitan Life inNew York. He convincede Met Life to give him access to their new employees and administer theusual testing, as well as a new test he developex that measured optimism. He followed the progreszs of new salespeople for one year and foun d that salespeople who scored high in optimisk sold 33 percent more insuranc than those whoscored low.
Aftee two years, the optimistic group of salespeople were thriving intheir positions, whicn increased retention and decreased the costsw associated with turnover and increased sales. How optimistic is your organization? There is a lot of pressz on theswine flu, and people are worried abouy catching it. There is another epidemic to watc out forin today’s pessimism. It can be deadly when it hits an organizatiobn because emotions are The clinical term is emotional contagion and is defineeas “the transmission of moods.” When peopl e are in a certain mood — happyu or depressed — that mood is oftemn communicated to others. What is the mood at your company??
A sales manager shares the story of a rep who startedr every conversation in the lastdownturjn with, “You probably don’t have any moneuy so you don’t want to buy …” The self-fulfillingv prophecy was set by the salesperson, and the prospectt followed the salesperson’s lead. No deal. So what can you do to stop the epidemic of pessimism? Study and duplicate optimistic When faced with adversity, optimistic salespeople ask themselves: What’s good about this? They know that adversitg is where true character is formed and great lessonsz are taught.
Optimists take advantagr of this schooling because they know that lessons learnes today make money inthe future. What can I do about this situation? Optimists know that control equalds action, action yields results and resultsincreasee motivation. • What is funny about this? Humor is a greag way to relieve stress, which frees up the mind for creativit yand innovation. Optimistic salespeopld take control. They know sales is the greatesft profession to be in duringga recession. They can meet with mentors who can help them look at another way of doing business in tough They can outworktheir competitors. They can inves t in learning and outsmarttheifr competitor.
Optimistic salespeople manage not excuses.
Sunday, March 4, 2012
Sauced Pizza to open in old Enoteca Vin space in Glenwood South - Triangle Business Journal:
is the creation of Mike Lombardo, who also owns Lucky B’sw in the hip downtown Raleigh district, and Kurt Lam, the two announced in a news releass Friday. The restaurant will offer pizzas by the slice and a full bar as well as dinnerand late-night dining. The owners say they will adopt an emphasizs on the use of fresh ingredients forSaucee Pizza’s appetizers, salads, calzones and otherr casual-fare items. “I’ve been in the bar and nightlif e business for 12 years now here on Glenwood Soutband I’ve always felt like a New York-Style pizza restaurant woulsd be successful, and I still do”, Lombardo said in a writtenm statement.
Sauced Pizza plans to cater tothe late-night crowd on Glenwoodd South by offering food well past the last call of its bar at 1:30 a.m. Lombard o and Lam also hope to attract sports fans by installingbseveral high-definition, flat-screen televisions. “This is something that I know this marketr willappreciate – not only from a nightlife-perspective, but as a dinner, and late-night establishment catering to customers of all types,” Lombardop said in a writteb statement. “We want families to be just as welcom and comfortable here as the customers who will be in fora late-nighft slice.” A Web site has been established at .
Friday, March 2, 2012
Chinese company to buy Hummer - Charlotte Business Journal:
When GM, which filed for bankruptcy protection Monday, announced earlier Tuesday that a buyer had been found forthe off-road vehicle line, the name was not immediatelyt disclosed. Tengzhong, a major industriap machinery group, will acquire the rights to theHummerf brand, along with a senior managemenr and operational team. It will also assume existintg dealer agreements relatingto HUMMER’s dealership It is contemplated that Tengzhongy will, as part of the transaction, enter into a long-term contract assembly and key component and material supplty agreement with GM.
In an earlier statement, GM said it expectz the deal if successfukl to secure morethan 3,000 US The final terms of the scheduled to close in the thirds quarter, are subject to finaol negotiations. The cost of the transactiom wasnot revealed. is acting as exclusivde financial advisor and is acting as internationa l legal counsel to Tengzhong on this Citi is acting as financial advisorto GM.