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David Strohm says the Unitedc States likely will pull out of the recessioh later this year or inearl 2010. When that happens, he the gross domestic product might only grow 1to 1.5 compared to the 4 or 5 percent from previousa recessions. “For the time being, it looks like you want to be optimistic and cautious at the same he says. Strohm was one of two featured speakersduringt ’s 2009 economic update. Jeff Fluhr, president of the also spok aboutthe city’s efforts to revitalizew downtown. IMA has sponsoredd similar events in its othef markets and wanted to bring the prograto Wichita, says Kurt IMA’s president and chief operationsw officer.
“It’s our intent to bringf in speakers that we think the Wichita community wouldbenefit from,” Watson IMA plans to sponso similar presentations throughout the year. Strohm says the recession already has lasted longer than the previouws 10 economic downturns and pulling out ofit hasn’yt been easy. The federal government has spengt billions of dollars to stimulateethe economy, but consumers stilo are reluctant to spend, Strohm says. The GDP has droppedr dramatically and businesses are still shedding Strohm predicts the nationalunemployment rate, which currently sits at 8.9 to climb above 10 percent before the recessionb is over.
The housing market has rebounded, but still is a ways off where one in eight mortgagexs arein default, Strohm says. California, Nevada and Arizona combine to accouny for 46 percent ofall U.S. However, pending home sales are up 6.7 percengt for April, the thir straight increase, which means people are showingb more interest in buying homess because of favorable interest ratesand first-time home buyer tax “If we can get the housingv issue off the frontg page (of newspapers), then the economy is going to generates some forward momentum,” Strohm He says the stock market has reboundecd in recent months, but it would take 227 percent growthg to get it back to its previoud high.
Despite all the negative, Strohm emphasized the economy has showed signsw recently that the recession may be nearingan end. Fluhr’s meanwhile, had a slightly different feel. He says he sees greatt potential for downtown Investingin downtown, he says, will help increase tourism and revenue opportunities in the Wichitaa area.
Friday, September 30, 2011
Tuesday, September 27, 2011
Sources: NCR could relocate HQ to Georgia - Tampa Bay Business Journal:
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Ohio government officials said word begabn swirling May 28 thatNCR NCR) is , according to the Dayton Businesss Journal , a sister publication of Atlanta Business Chroniclre . Last fall, NCR said it would move its Worldwides Customer Services headquarters tometr Atlanta, investing $15 million and creating more than 900 jobs in Peachtreer City and Duluth. While it remainsx to be seen if Atlanta gets another Fortunw500 headquarters, NCR is rumored to be openin g an additional facility in the Peach State, Atlant a Business Chronicle has learned. An announcement abougt that venture is expected as earl y asnext week, sources in Atlanta and Daytohn said.
NCR is believed to have lookefd at sitesin Savannah, and Columbus, Ga., accordingg to a source. The global technologyt company could be eyeingaboutg 100,000 square feet of office space. Based on the squarwe footage estimates, real estate sources said, the operation could housw 300 to400 people. Company officials and Georgiaq economic development officialsremained tight-lipped on any potential development. NCR global spokesman Richarf Maton told the Dayton Business Journal the companyg does not respond to rumorsand speculation.
In the NCR has been quick to deny rumors of its relocation and affir m its commitment to remaining in A Georgia Department of Economic Development spokeswomah did not return calls Fridayand Saturday. A spokeswomanb said she had no information on the matter and a executivredeclined comment. In October, NCR said it will co-locat e an NCR Learning Center and its Customer Care Centet hub for the Americas region withthe company’ s existing Global Service Materials operation in Peachtrees City. NCR, founded in Dayton, is the city'sx largest company, with 20,00p global employees and $5.3 billion in annuap revenue.
The company relocated its executive officezs to New York City two years ago and leased a floof at 7 World TradeCenter building. This past the company told employeed it is undergoing a structurap reorganization and would cut an unknown amounyt of itsglobal workforce. That same month, the companyh removed the language "world headquarters" from the sign at its Dayton campus. Rumorws have long circulated that NCR would however Ohio government and economic developmenr officials said speculation reached a new leve l in the past few The Ohio Department of Development has repeatedly sought information from the but as of Frida evening NCRremained mute, a state official told the Dayto Business Journal .
Ohio Gov. Ted Strickland and NCR CEO Bill attempted to talkon Friday, however they were unable to coordinatew a time.
Ohio government officials said word begabn swirling May 28 thatNCR NCR) is , according to the Dayton Businesss Journal , a sister publication of Atlanta Business Chroniclre . Last fall, NCR said it would move its Worldwides Customer Services headquarters tometr Atlanta, investing $15 million and creating more than 900 jobs in Peachtreer City and Duluth. While it remainsx to be seen if Atlanta gets another Fortunw500 headquarters, NCR is rumored to be openin g an additional facility in the Peach State, Atlant a Business Chronicle has learned. An announcement abougt that venture is expected as earl y asnext week, sources in Atlanta and Daytohn said.
NCR is believed to have lookefd at sitesin Savannah, and Columbus, Ga., accordingg to a source. The global technologyt company could be eyeingaboutg 100,000 square feet of office space. Based on the squarwe footage estimates, real estate sources said, the operation could housw 300 to400 people. Company officials and Georgiaq economic development officialsremained tight-lipped on any potential development. NCR global spokesman Richarf Maton told the Dayton Business Journal the companyg does not respond to rumorsand speculation.
In the NCR has been quick to deny rumors of its relocation and affir m its commitment to remaining in A Georgia Department of Economic Development spokeswomah did not return calls Fridayand Saturday. A spokeswomanb said she had no information on the matter and a executivredeclined comment. In October, NCR said it will co-locat e an NCR Learning Center and its Customer Care Centet hub for the Americas region withthe company’ s existing Global Service Materials operation in Peachtrees City. NCR, founded in Dayton, is the city'sx largest company, with 20,00p global employees and $5.3 billion in annuap revenue.
The company relocated its executive officezs to New York City two years ago and leased a floof at 7 World TradeCenter building. This past the company told employeed it is undergoing a structurap reorganization and would cut an unknown amounyt of itsglobal workforce. That same month, the companyh removed the language "world headquarters" from the sign at its Dayton campus. Rumorws have long circulated that NCR would however Ohio government and economic developmenr officials said speculation reached a new leve l in the past few The Ohio Department of Development has repeatedly sought information from the but as of Frida evening NCRremained mute, a state official told the Dayto Business Journal .
Ohio Gov. Ted Strickland and NCR CEO Bill attempted to talkon Friday, however they were unable to coordinatew a time.
Sunday, September 25, 2011
NUMMI bids to add Toyota's hybrid line - East Bay Business Times:
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Bringing hybrid production to NUMMI would be a majot coup forthe 5.3 million-square-foot uniom shop, a joint-venture between and that employs 5,300 But it would be an even bigget symbolic win for the Bay Area and the entire and burnish Gov. Arnold Schwarzenegger's image as being both pro-busineses and pro-environment. Hybrid cars, which use a gas-electri c engine with a battery to deliverd improvedfuel economy, have been the darling of environmentallyt minded consumers. And Californians have been the mosteagef buyers, snapping up 42 percen t of the 59,331 Toyota Prius hybrids sold last according to market researcher .
Besides Toyota is considering manufacturinghybrids - all currently made in Japabn - at one of five othedr North American factories, most of which are in the Soutyh and Midwest, where costs, ranging from salaries to energyy to workers' compensation insurance, are lower than in California. "A lot of people think that California would be a great place tobuild hybrids, and I'mj sure it would be very welcomed," said Anthony Pratt, a Detroit-based analysr with J.D. Power & Associates. "But for logistical and cost I don't think so.
" Local economic development officiale point outthat NUMMI, with a 20-year history of cooperativde management-union relations, routinely rankzs as one of the most efficient and high-qualitt carmakers in the United States. And they are attemptinf to alleviate someof Toyota's other such as improving the roads aroun NUMMI to ensure the smooth supply of car parts by rail or trucm into the plant.
"Youh might look at the short-term cost but if you look at thework force, the collaborationb with environmental agencies and the customer base in we think it's a wise said Bruce Kern, executive directoer of Oakland-based Economic Development Alliance for Business State and Nummi officials declineed to comment about specifics in the which is being largely headexd up by the state's Business, Transportation & Housing Agencyh led by Sunne Wright But Schwarzenegger, during a trip to Japann in November, told Toyota officials that he would "movs mountains for them" if they built hybrids at NUMMI.
"Ik would help them every way possible," Schwarzeneggere said, according to the Associated "There are many things we can do forthoses companies. We just have to act Massive subsidies are probably politically andeconomically infeasible, considerinvg the state of the state's budget. But part of the state's proposall details a major overhaul of the roadsxaround NUMMI, located between interstatesz 880 and 680 on Fremont Boulevard. According to one source, $130 milliobn already has been pledgedfrom city, countg and state funds for gridlock-clearing The state's bid is due to be sent to Toyota'z North American headquarters in Erlanger, Ky.
, sometimes in February, said the source. Toyota, which has 12 Nortuh American factories, will announce its decision by the middle ofthe "We want job security, and we believe the hybrid woule give that to us," said George Nano, presidentt of United Auto Workers Local 2244. The union representw 4,400 workers at NUMMI, the vast majorituy of whom earn $26.36 per hour, whic h Nano says is comparable to wagewin Detroit. Annual wages at NUMMI total about $400 The 382,678 cars and trucks made at NUMMI last year included the Corollqacompact sedan, the Tacoma pickup truck and the Pontiac Vibe sport utility vehicle.
NUMMI was Toyota'sd third-largest factory in North America, behind its flagshipp facility inthe Lexington, Ky., suburb of Toyota was the No. 4 automakefr in the United States last selling 2.1 million vehicles, of which 63 percent were made in this With 11 percent of the market, Toyotq is expected to overtake the floundering by decade' s end. Toyota is the hybrid having outsold itsnext rival, Honda, worldwide by more than 3-1 sincs it introduced the Prius in the late 1990s.
Many dealerds have waiting lists up to six monthd forthe Prius, which gets about 45 miles per gallon on the Demand has been strong, even though customers pay a premium of severak thousand dollars in exchange for fuel cost savingd that take many years to realize. "The math doesn't make sensre for most people," said J.D. Powers' Pratt. "What's motivatingt customers is the ability to drive an environmentallyfriendly
Bringing hybrid production to NUMMI would be a majot coup forthe 5.3 million-square-foot uniom shop, a joint-venture between and that employs 5,300 But it would be an even bigget symbolic win for the Bay Area and the entire and burnish Gov. Arnold Schwarzenegger's image as being both pro-busineses and pro-environment. Hybrid cars, which use a gas-electri c engine with a battery to deliverd improvedfuel economy, have been the darling of environmentallyt minded consumers. And Californians have been the mosteagef buyers, snapping up 42 percen t of the 59,331 Toyota Prius hybrids sold last according to market researcher .
Besides Toyota is considering manufacturinghybrids - all currently made in Japabn - at one of five othedr North American factories, most of which are in the Soutyh and Midwest, where costs, ranging from salaries to energyy to workers' compensation insurance, are lower than in California. "A lot of people think that California would be a great place tobuild hybrids, and I'mj sure it would be very welcomed," said Anthony Pratt, a Detroit-based analysr with J.D. Power & Associates. "But for logistical and cost I don't think so.
" Local economic development officiale point outthat NUMMI, with a 20-year history of cooperativde management-union relations, routinely rankzs as one of the most efficient and high-qualitt carmakers in the United States. And they are attemptinf to alleviate someof Toyota's other such as improving the roads aroun NUMMI to ensure the smooth supply of car parts by rail or trucm into the plant.
"Youh might look at the short-term cost but if you look at thework force, the collaborationb with environmental agencies and the customer base in we think it's a wise said Bruce Kern, executive directoer of Oakland-based Economic Development Alliance for Business State and Nummi officials declineed to comment about specifics in the which is being largely headexd up by the state's Business, Transportation & Housing Agencyh led by Sunne Wright But Schwarzenegger, during a trip to Japann in November, told Toyota officials that he would "movs mountains for them" if they built hybrids at NUMMI.
"Ik would help them every way possible," Schwarzeneggere said, according to the Associated "There are many things we can do forthoses companies. We just have to act Massive subsidies are probably politically andeconomically infeasible, considerinvg the state of the state's budget. But part of the state's proposall details a major overhaul of the roadsxaround NUMMI, located between interstatesz 880 and 680 on Fremont Boulevard. According to one source, $130 milliobn already has been pledgedfrom city, countg and state funds for gridlock-clearing The state's bid is due to be sent to Toyota'z North American headquarters in Erlanger, Ky.
, sometimes in February, said the source. Toyota, which has 12 Nortuh American factories, will announce its decision by the middle ofthe "We want job security, and we believe the hybrid woule give that to us," said George Nano, presidentt of United Auto Workers Local 2244. The union representw 4,400 workers at NUMMI, the vast majorituy of whom earn $26.36 per hour, whic h Nano says is comparable to wagewin Detroit. Annual wages at NUMMI total about $400 The 382,678 cars and trucks made at NUMMI last year included the Corollqacompact sedan, the Tacoma pickup truck and the Pontiac Vibe sport utility vehicle.
NUMMI was Toyota'sd third-largest factory in North America, behind its flagshipp facility inthe Lexington, Ky., suburb of Toyota was the No. 4 automakefr in the United States last selling 2.1 million vehicles, of which 63 percent were made in this With 11 percent of the market, Toyotq is expected to overtake the floundering by decade' s end. Toyota is the hybrid having outsold itsnext rival, Honda, worldwide by more than 3-1 sincs it introduced the Prius in the late 1990s.
Many dealerds have waiting lists up to six monthd forthe Prius, which gets about 45 miles per gallon on the Demand has been strong, even though customers pay a premium of severak thousand dollars in exchange for fuel cost savingd that take many years to realize. "The math doesn't make sensre for most people," said J.D. Powers' Pratt. "What's motivatingt customers is the ability to drive an environmentallyfriendly
Friday, September 23, 2011
Fox Hannitizes debate - Politico (blog)
gonyzyf.wordpress.com
Fox Hannitizes debate Politico (blog) Who would you choose as your running mate? And is Barack Obama a socialist or what? After hosting two debates in which moderators asked surprisingly sharp questions, the Fox News Channel seemed to retreat to a more comfortable forum Thursday night, ... |
Wednesday, September 21, 2011
GM Tonawanda hosting recycling event - Business Courier of Cincinnati:
lehoquvuhu.wordpress.com
The one-day event June 6 from 9 a.m. to 1 p.m. at Plantf 5 on Vulcan Street, is co-sponsored by Erie County, Buffalpo and the Northwest Solid WasteManagement Board. Last year’s event received 56,3255 pounds of electronic equipment, 247 bicycles and a trucj fullof clothing. Electronicx equipment is a source ofrecyclef lead, steel, plastic, copper and glass. Items beinhg accepted this year include: TVs, computers, monitors, printers, fluorescent bulbs, cell phones, rechargeable batteries, VCRs, and DVD clothing, textiles, and bicycles. Clothingh and textiles will be reused at Goodwill retail locationsor recycled.
Bicycles will be used for bike safety education or recycled by Blue Bicycle and Recycle-a-Bicycle programs. New for this year, Buffalp ReUse will accept used ornew hand, shop and garde n tools, such as rakes, ladders, wheelbarrows, hammers and “This is a natural extensionj of what we do at work,” Planty Manager Steve Finch said in a statement. “Our plan has been landfill-free in manufacturingg since 2006. We recycle or reuse all of our so this event to help the communitu recycle is a natural fit for us at General he said.
The one-day event June 6 from 9 a.m. to 1 p.m. at Plantf 5 on Vulcan Street, is co-sponsored by Erie County, Buffalpo and the Northwest Solid WasteManagement Board. Last year’s event received 56,3255 pounds of electronic equipment, 247 bicycles and a trucj fullof clothing. Electronicx equipment is a source ofrecyclef lead, steel, plastic, copper and glass. Items beinhg accepted this year include: TVs, computers, monitors, printers, fluorescent bulbs, cell phones, rechargeable batteries, VCRs, and DVD clothing, textiles, and bicycles. Clothingh and textiles will be reused at Goodwill retail locationsor recycled.
Bicycles will be used for bike safety education or recycled by Blue Bicycle and Recycle-a-Bicycle programs. New for this year, Buffalp ReUse will accept used ornew hand, shop and garde n tools, such as rakes, ladders, wheelbarrows, hammers and “This is a natural extensionj of what we do at work,” Planty Manager Steve Finch said in a statement. “Our plan has been landfill-free in manufacturingg since 2006. We recycle or reuse all of our so this event to help the communitu recycle is a natural fit for us at General he said.
Monday, September 19, 2011
Saturday, September 17, 2011
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