http://www.thatsdirectory.com/authors/author-1822.html
The Conference Board’s Consumer Confidence Index droppe dto 49.3, compared to 54.8 in May, the most recent evidence that the economyy continues to struggle. Consumer spending accounts forabouty two-thirds of the economy in the Uniterd States, making a decline in consumer confidence a worru from Main Street to Wall The Dow Jones industrial average was down 112 pointss to 8,417 in midday trading Consumers are downbeat when it comes to the short- and long-ternm outlook with the recession. The Present Situatioj Index — basically, how do you feel todayy — dropped to 24.8 this from 29.7 in May.
And consumers are glum abou the nextsix months, with the Expectationxs Index falling to 65.5, from 71.5 in May. The Present Situation Index declinewas “caused by a less favorabl e assessment of business conditions and employment, (and) continuea to imply that economic conditions, while not as weak as earlier this year, are nonetheless director Lynn Franco said in a news release Tuesday. Consumer confidence plummeted toa record-lowe 25.3 in February. The economy has stronb growth when the indexreaches 100. The Conference Boar contacts 5,000 households for the monthly index.
Friday, September 10, 2010
Thursday, September 9, 2010
City Council to consider Chase incentive - Business First of Columbus:
http://canuckdirectory.com/authors/author-214.html
The $6.3 million incentive which includesa 10-year tax creditg and an eight-year Job Growtgh Incentive, is set for consideration as emergency legislation weekxs after the approved a 15-year, 75 percent tax credity valued at about $14 million for Chas e (NYSE:JPM). The company has pledged to creates 1,000 jobs in Columbus and 150 jobs in Westerviller over the nextfive years. Abouf 900 of those jobs would be createdc during the nextthree years. Under the incentive packags recommended by the Columbus Departmenrtof Development, the eight-year incentive from the city woulcd return $1.84 million in withheld payroll taxeas to the company over that term. The 10-yeard tax credit is worth $4.
476 million. Columbus would take in $5 million in corporatd franchise and income taxes afterthe Chase’s investment for the projecf totals about $16 million, while work at its Polariss Parkway facility is schedule d to begin next month, according to informatio from the city. JPMorgan Chase also is considering sites in New home to itscorporate headquarters, along with Michigan, Louisiana and Texas. The compangy ranks as the third-largest employer in Central Ohio, with nearlh 11,000 of the current 14,000 jobs in the region in Included in the jobs totalare 3,000 workersd in Westerville.
The $6.3 million incentive which includesa 10-year tax creditg and an eight-year Job Growtgh Incentive, is set for consideration as emergency legislation weekxs after the approved a 15-year, 75 percent tax credity valued at about $14 million for Chas e (NYSE:JPM). The company has pledged to creates 1,000 jobs in Columbus and 150 jobs in Westerviller over the nextfive years. Abouf 900 of those jobs would be createdc during the nextthree years. Under the incentive packags recommended by the Columbus Departmenrtof Development, the eight-year incentive from the city woulcd return $1.84 million in withheld payroll taxeas to the company over that term. The 10-yeard tax credit is worth $4.
476 million. Columbus would take in $5 million in corporatd franchise and income taxes afterthe Chase’s investment for the projecf totals about $16 million, while work at its Polariss Parkway facility is schedule d to begin next month, according to informatio from the city. JPMorgan Chase also is considering sites in New home to itscorporate headquarters, along with Michigan, Louisiana and Texas. The compangy ranks as the third-largest employer in Central Ohio, with nearlh 11,000 of the current 14,000 jobs in the region in Included in the jobs totalare 3,000 workersd in Westerville.
Tuesday, September 7, 2010
2010 U.S. Open: Venus Williams beats Francesca Schiavone to reach semifinals - ESPN
http://www.adslinx.com/authors/author-719.html
Telegraph.co.uk | 2010 U.S. Open: Venus Williams beats Francesca Schiavone to reach semifinals ESPN AP NEW YORK -- Venus Williams is one victory away from reaching the US Open final for the first time since 2002. You can check out the scores from any match ... Venus Remains in Open Orbit |
Monday, September 6, 2010
Former mortgage brokers launch eModifyMyLoan - St. Louis Business Journal:
http://cars-dealers.biz/index.php?qs=insurance
Chris Mozilo and Omar Kassem haveformes . The online venture in Scottsdale chargeshomeowners $97 to fill out a TurboTax-lik online application to help get their financial and mortgagr information in order for possibls modification. Borrowers still need to file mortgage data with butthe eModifyMyLoan.com system aims to help get necessaruy data to navigate the modification process. Mozilo previously worked for Countrywid Home Loansand Citigroup, and Kassem formerly worked for JP Morga n Chase. They say eModifyMyLoan.
com is less expensiv e than other mortgage modificatiojn services being offered to homeowners trying to lower mortgagse payments and avoid distress or foreclosur in the down housing marketand “We’re a very different concept,” said who is the nephew of Angelo Mozilo, the formedr Countrywide CEO charged with civil fraud by the U.S. Securitiex & Exchange Commission. Chris Mozilo said he’s supportive of his but acknowledged thefederal charges. eModifyMyLoan does not have any ties to which merged with Bank of America earliethis year.
Mozilo said law firms and other mortgagre modification companies chargebetween $700 and $4,000 for services aimede at reducing mortgages or getting more favorable eModifyMyLoan.com launched earlier this month and originally chargedd $197 for its service, but Mozilo said the companyt reduced that price to appeal to frugap consumers. Scores of mortgagre modification and refinancing firms have popped up in the Phoeniz market as the region struggles with high foreclosure underwater home loans and borrower Arizona Attorney General Terry Goddard said that while some outfitse are legitimate others chargehigh up-front fees and fail to delivere on promised help.
The Better Businesse Bureau also warns consumers to be on the look out for suchdeceptived practices. Mozilo said eModifyMyLoan.com is aimee at offering consumersa straightforward, less expensive but stressed borrowers have to be persistent with their Lenders, especially large banks, have been criticized for not providing enougbh help to homeowners facinvg foreclosure. Mozilo agreed that some mortgag e modification are ready to take advantage ofdesperatee situations.
“It’s just ripe for fraud,” he
Chris Mozilo and Omar Kassem haveformes . The online venture in Scottsdale chargeshomeowners $97 to fill out a TurboTax-lik online application to help get their financial and mortgagr information in order for possibls modification. Borrowers still need to file mortgage data with butthe eModifyMyLoan.com system aims to help get necessaruy data to navigate the modification process. Mozilo previously worked for Countrywid Home Loansand Citigroup, and Kassem formerly worked for JP Morga n Chase. They say eModifyMyLoan.
com is less expensiv e than other mortgage modificatiojn services being offered to homeowners trying to lower mortgagse payments and avoid distress or foreclosur in the down housing marketand “We’re a very different concept,” said who is the nephew of Angelo Mozilo, the formedr Countrywide CEO charged with civil fraud by the U.S. Securitiex & Exchange Commission. Chris Mozilo said he’s supportive of his but acknowledged thefederal charges. eModifyMyLoan does not have any ties to which merged with Bank of America earliethis year.
Mozilo said law firms and other mortgagre modification companies chargebetween $700 and $4,000 for services aimede at reducing mortgages or getting more favorable eModifyMyLoan.com launched earlier this month and originally chargedd $197 for its service, but Mozilo said the companyt reduced that price to appeal to frugap consumers. Scores of mortgagre modification and refinancing firms have popped up in the Phoeniz market as the region struggles with high foreclosure underwater home loans and borrower Arizona Attorney General Terry Goddard said that while some outfitse are legitimate others chargehigh up-front fees and fail to delivere on promised help.
The Better Businesse Bureau also warns consumers to be on the look out for suchdeceptived practices. Mozilo said eModifyMyLoan.com is aimee at offering consumersa straightforward, less expensive but stressed borrowers have to be persistent with their Lenders, especially large banks, have been criticized for not providing enougbh help to homeowners facinvg foreclosure. Mozilo agreed that some mortgag e modification are ready to take advantage ofdesperatee situations.
“It’s just ripe for fraud,” he
Saturday, September 4, 2010
Rite-Hite leaving Memphis for Horn Lake, Miss. - Boston Business Journal:
http://www.mfinancialservices.com/article/N-Y-C--Maternal-Death-Review-Struggles-for-Life.html
The Milwaukee, Wis.-based company, which manufacturexs loading dock safety systems and industrial door is moving operations fromits 130,000-square-foot Outlanr Road facility to 200,000 square feet in , an industrial park in Horn Lake. Louie vice president of manufacturing for theMemphis Rite-Hite facility, said the companu will move its 65 current employees to Horn Lake. “At peak we have 130 employees, but we have 40 to 50 that have been laid Patron said. “When the economy they’ll get the firsy chance to come back.
” Patron said the companyg is moving its operations to consolidate some productzs it had subcontractedmanufacturing for, but also to preparde for new products the company is planningb to build out of the new The Memphis location currently manufactures dock which are the steel bridges that cover gaps in storags docks and tractor trailers. Rite-Hitse has had an operations in Memphissince 2002. Patron said the Mississippii move will be completedby Nov. 1. Scott executive vice president at Grubb Ellis Co.
, brokered the lease for
The Milwaukee, Wis.-based company, which manufacturexs loading dock safety systems and industrial door is moving operations fromits 130,000-square-foot Outlanr Road facility to 200,000 square feet in , an industrial park in Horn Lake. Louie vice president of manufacturing for theMemphis Rite-Hite facility, said the companu will move its 65 current employees to Horn Lake. “At peak we have 130 employees, but we have 40 to 50 that have been laid Patron said. “When the economy they’ll get the firsy chance to come back.
” Patron said the companyg is moving its operations to consolidate some productzs it had subcontractedmanufacturing for, but also to preparde for new products the company is planningb to build out of the new The Memphis location currently manufactures dock which are the steel bridges that cover gaps in storags docks and tractor trailers. Rite-Hitse has had an operations in Memphissince 2002. Patron said the Mississippii move will be completedby Nov. 1. Scott executive vice president at Grubb Ellis Co.
, brokered the lease for
Friday, September 3, 2010
Yukon salmon run 'cause for celebration' - CBC.ca
http://ahlulei.com
Yukon salmon run 'cause for celebration' CBC.ca As of this week, up to 8000 salmon were counted in the Alsek River at Klukshu. That's double the 10-year average, and far more than forecast. ... |
Wednesday, September 1, 2010
No sure bet casino will hurt, help small biz - Business First of Columbus:
http://ikersiker.ws/informacio.html
In some cities outside Ohio, casino s get credit for boosting small while in other areas the impactis minimal. In Atlantic City, N.J., the large numbeer of casinos built since the late 1970s is generally acknowledgedf to have dramatically changed the nearbuybusiness landscape. Sometimes the impact is indirect. Whiler people may never see a newbuilding erected, for instance, the casinos are providing citiew with extra cash for economic development. Quantifyingf the benefits and drawbacks is because there’s no way to provde how a local economy wouldx have fared if the casinos weren’t there, said Davi Schwartz, director of the at the .
A lot of Midwestf casinos sprang up in thelate ’90ds when the economy was surging anyhow. “There definitely is a spilloverd effect, but I don’t know how big of a spillovedr effect,” Schwartz said. “Most of the research that is done on this ispretth partisan. It seems like the more confidentr they are in the numbere they throwout there, the less I trust them.” In any the conclusions are mixed. When in the Federal Reserve Bankof St. Louis considered the issue, it One study showed more revenuw at Missouri casinos came at the expense of theaters, sports clubs, gyms and other entertainment and amusement businesses.
An Arizonaz study said growth in retail sales tax collections from varioud industries slowed after the introduction ofcasino gambling. A study in Indiana said casinox gave area residents a placse to spend money that otherwise woulc have leftthe area. But it also showedd that casinos in larger citieds tend to bring in more outsiders than rurakcasinos do. Likewise in the congressional founddisparatwe numbers: 83 percent of Illinois riverboat gamblers lived in the state, for but less than 15 percent of gamblerws in Atlantic City and Las Vegas casinoas were residents.
“One of the most dramatic insightz intothis issue,” the commission wrote, “came from Stevde Wynn, a major casino operator and promoter who, in addressingy local businessmen in Bridgeport, Conn., stated, ‘There is no reason on Eartnh for any of you to expect for more than a second that just becaus e there are people here, they’re going to run into your restaurants and storea just because we build this buildinyg (casino) here.
’ ” In a 1996 surveyg of business owners in Clinton, Iowa, 60 percent said they’d seen no change since a riverboat casino set up 12 percent saw an increase and the rest nearly a third at 28 percent – saw a “There’s not a lot of direcg economic impact other than maybe gas stations,” said Darrell Voelker, economic development director for the Harriso County Chamber of Commerce in Ind. One reason is that the Horseshoe SouthernIndianwa Casino, while in the same county, is milees from the main business district, he The lack of direct impact wasn’t he added.
Back before the casino openerdin 1998, the chamber researched the impact of casinosx in Mississippi, Iowa and What the casino does provide, is tax revenue that finds its way back to the “The tourism bureau is able to market our countu in a way never before imagined,” Voelkefr said. “It’s a whole lot more money than they everhad before.” The county also has extraw funds to extend roads, put in storm drainse and make other improvements that help attract smalkl business. “Those businesses wouldn’t have been here if we had not had the properth availablefor them. But it isn’t that they drovre here becauseof Horseshoe,” Voelker said.
In some cities outside Ohio, casino s get credit for boosting small while in other areas the impactis minimal. In Atlantic City, N.J., the large numbeer of casinos built since the late 1970s is generally acknowledgedf to have dramatically changed the nearbuybusiness landscape. Sometimes the impact is indirect. Whiler people may never see a newbuilding erected, for instance, the casinos are providing citiew with extra cash for economic development. Quantifyingf the benefits and drawbacks is because there’s no way to provde how a local economy wouldx have fared if the casinos weren’t there, said Davi Schwartz, director of the at the .
A lot of Midwestf casinos sprang up in thelate ’90ds when the economy was surging anyhow. “There definitely is a spilloverd effect, but I don’t know how big of a spillovedr effect,” Schwartz said. “Most of the research that is done on this ispretth partisan. It seems like the more confidentr they are in the numbere they throwout there, the less I trust them.” In any the conclusions are mixed. When in the Federal Reserve Bankof St. Louis considered the issue, it One study showed more revenuw at Missouri casinos came at the expense of theaters, sports clubs, gyms and other entertainment and amusement businesses.
An Arizonaz study said growth in retail sales tax collections from varioud industries slowed after the introduction ofcasino gambling. A study in Indiana said casinox gave area residents a placse to spend money that otherwise woulc have leftthe area. But it also showedd that casinos in larger citieds tend to bring in more outsiders than rurakcasinos do. Likewise in the congressional founddisparatwe numbers: 83 percent of Illinois riverboat gamblers lived in the state, for but less than 15 percent of gamblerws in Atlantic City and Las Vegas casinoas were residents.
“One of the most dramatic insightz intothis issue,” the commission wrote, “came from Stevde Wynn, a major casino operator and promoter who, in addressingy local businessmen in Bridgeport, Conn., stated, ‘There is no reason on Eartnh for any of you to expect for more than a second that just becaus e there are people here, they’re going to run into your restaurants and storea just because we build this buildinyg (casino) here.
’ ” In a 1996 surveyg of business owners in Clinton, Iowa, 60 percent said they’d seen no change since a riverboat casino set up 12 percent saw an increase and the rest nearly a third at 28 percent – saw a “There’s not a lot of direcg economic impact other than maybe gas stations,” said Darrell Voelker, economic development director for the Harriso County Chamber of Commerce in Ind. One reason is that the Horseshoe SouthernIndianwa Casino, while in the same county, is milees from the main business district, he The lack of direct impact wasn’t he added.
Back before the casino openerdin 1998, the chamber researched the impact of casinosx in Mississippi, Iowa and What the casino does provide, is tax revenue that finds its way back to the “The tourism bureau is able to market our countu in a way never before imagined,” Voelkefr said. “It’s a whole lot more money than they everhad before.” The county also has extraw funds to extend roads, put in storm drainse and make other improvements that help attract smalkl business. “Those businesses wouldn’t have been here if we had not had the properth availablefor them. But it isn’t that they drovre here becauseof Horseshoe,” Voelker said.
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