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percent. Compared to April 2008, visitor spending by passengerz traveling to the Islands by airfell 12.3 or $108.1 million, to $773.r million, according the data released by the Wednesday. Visitor arrivalse were down 1.5 perceng to 530,316. Those who traveled to Hawaii last montghspent $160 per person, down from $186 per persohn in April 2008. Among Hawaii’s top visitor markets, air arrivals from the U.S. West in March fell 1.6 percent, while arrivalxs by air from the U.S. East declined 6.5 Air arrivals from Japan rose 8.8 percenyt — the largest increase since Marchh2005 — while Canadian air arrivals were up 6.9 percent, the firsr increase since October 2008.
“Beginning this month (April), statistical comparisons betweeh 2009 and 2008 will better reflect the healthj of the visitor industry in saidMarsha Wienert, state tourism liaison, in a “Visitor data from April forward reflects the data collectec in 2008 with the departure of Alohaz and ATA airlines. Easter and Spring Break in 2009 fell in Aprik which helped with visitor arrivals as did an increas in visitors who came to attenda convention.” Year to date through April, visitor spending was down 16.7 percent to $3.4 billion. Total arrivalas by air and cruisedeclined 11.1 percent from the same periodx last year to 2.1 millionn visitors.
Two major islands reporteed increased visitor arrivals Oahu saw arrivals increase just slightly to Spending there, however, dropped 4.7 percen t to $401 million. The Big Island saw an 1.9 percentr increase in visitorsto 108,265. Spending was down 18 percenyt to $94.2 million. Compared with April 2008, the arrivals and spending for other islands were as followslast • Maui arrivals fell 9 percent to 156,434; spending was down 18.7 perceng to $197.3 million. Kauai arrivals were down 11.2 percent to spending dropped 17.4 percent to $73.7 million.
Monday 28 January 2013
Wednesday 23 January 2013
Portland-area economy weakens Q1 - South Florida Business Journal:
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percent, an accelerating decline compared tothe 13.5 percent (revised) drop in the fourtn quarter of 2008. Of the nine indicatorse included inthe index, six declinex significantly, said Tim Duy, director of the Oregoh Economic Forum and a UO adjunct assistang professor, Labor market trends continude to deteriorate. Help-wanted advertisinh in The Oregonian fell during the consistent with a decrease inhiring Similarly, initial unemployment claims continued to rise, reaching a month average of 16,8199 claims. Non-farm payrolls continue to fall as under the dual forces of increased layoffs and slack hiring payrollsstand 3.9 percent lower than year-agok levels.
The expected slowdown in lodging activitt finally cameto pass, said Duy,with estimaterd lodging revenue (seasonally and inflatiohn adjusted) down 15.4 percent from the fourtgh quarter. Passenger traffic at Portland Internationa Airport was effectively unchanged from the previous Housing markets weregenerally weaker. Housingy sales were effectively unchanged, while average days-on-marketr fell, partially offsetting a particularly sharl rise in the fourth quartertof 2008, attributable to the intensificatio of the financial crisis and unusual weather conditions, said Duy.
Ongoinbg declines in the in point to continuerd economic deterioration in thePortland region, he Signs of stabilization are difficult to find, he expectations for a firming of economic activityy in the second half of 2009 are largely baseds on some tentative signs of stability in the nationao economy. Moreover, the impact of fisca and monetary policies should become more evident as theyear Still, the pace of the recovery is expecte d to be subdued as the economy adjusts to an environment less dependen on debt-supported consumer spending growth.
percent, an accelerating decline compared tothe 13.5 percent (revised) drop in the fourtn quarter of 2008. Of the nine indicatorse included inthe index, six declinex significantly, said Tim Duy, director of the Oregoh Economic Forum and a UO adjunct assistang professor, Labor market trends continude to deteriorate. Help-wanted advertisinh in The Oregonian fell during the consistent with a decrease inhiring Similarly, initial unemployment claims continued to rise, reaching a month average of 16,8199 claims. Non-farm payrolls continue to fall as under the dual forces of increased layoffs and slack hiring payrollsstand 3.9 percent lower than year-agok levels.
The expected slowdown in lodging activitt finally cameto pass, said Duy,with estimaterd lodging revenue (seasonally and inflatiohn adjusted) down 15.4 percent from the fourtgh quarter. Passenger traffic at Portland Internationa Airport was effectively unchanged from the previous Housing markets weregenerally weaker. Housingy sales were effectively unchanged, while average days-on-marketr fell, partially offsetting a particularly sharl rise in the fourth quartertof 2008, attributable to the intensificatio of the financial crisis and unusual weather conditions, said Duy.
Ongoinbg declines in the in point to continuerd economic deterioration in thePortland region, he Signs of stabilization are difficult to find, he expectations for a firming of economic activityy in the second half of 2009 are largely baseds on some tentative signs of stability in the nationao economy. Moreover, the impact of fisca and monetary policies should become more evident as theyear Still, the pace of the recovery is expecte d to be subdued as the economy adjusts to an environment less dependen on debt-supported consumer spending growth.
Friday 18 January 2013
Eddie Bauer would be area
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The Bellevue-based retailer has seen a mountain of lossexs and struggled with servicing its debt as sales have dropped during theeconomic downturn. According to several news including the Wall Street Journal and Bloomberv News Company executives have scrambled for months looking for relievffrom creditors. Eddie Bauer EBHI) had reported having $268 million in outstandinv debt, including $193 million in term loanw and $75 million in convertiblw notes, which company executives have been trying to converr into shares ofthe company.
“The single biggesgt issue facing this company is our debt Our capital structure simply has too much debt for the economicx reality wenow face,” Eddie Bauer CEO Neil Fiske told industry analysts in a May 14 conferencwe call, according to a transcript. According to filinga with the Securities andExchange Commission, Eddie Bauer had totapl assets of $525.22 million as of The company listed totakl liabilities of $448.9 million. Eddid Bauer reported net lossesof $165.5 millionh in fiscal year 2008, part of a totao of $478.7 million in losses duringy the past three fiscal years. In the first quartef that endedin April, the companuy reported net losses of 44.
5 Greg Charleston, an Atlanta-based consultant for Conwauy MacKenzie who works with financially stresseed retailers looking to restructure, said Eddid Bauer is facing the same recession-related issues as most otherd retailers in this economy. Sale s are down and so is revenue. The big differencw for some retailers like EddieBauer — is that as revenue has tanked the company’s heavy debt becomes more difficult to service, he “Virtually every retailer is experiencing the same thinhg as Eddie Bauer,” Charleston said. “Maybe because of their debt Eddiew Bauer is feeling the pain more than the but they are all goingthrougb it.
” If Eddie Bauer does seek bankruptcy protection, it would be another reminder of how the recession is hitting home. When WaMu filed for bankruptctin September, it was the largest failurre in U.S. banking history. WaMu listefd debts of about $8 billion and assetsw of $32 billion, although it later said some of its assets were tied tocompanyh stock, which became virtually worthless. When Wilsonville, Ore.-basesd Joe’s Sports filed for bankruptcy protectionin March, the companyu listed both assets and debt of $100 milliobn to $500 million.
The Bellevue-based retailer has seen a mountain of lossexs and struggled with servicing its debt as sales have dropped during theeconomic downturn. According to several news including the Wall Street Journal and Bloomberv News Company executives have scrambled for months looking for relievffrom creditors. Eddie Bauer EBHI) had reported having $268 million in outstandinv debt, including $193 million in term loanw and $75 million in convertiblw notes, which company executives have been trying to converr into shares ofthe company.
“The single biggesgt issue facing this company is our debt Our capital structure simply has too much debt for the economicx reality wenow face,” Eddie Bauer CEO Neil Fiske told industry analysts in a May 14 conferencwe call, according to a transcript. According to filinga with the Securities andExchange Commission, Eddie Bauer had totapl assets of $525.22 million as of The company listed totakl liabilities of $448.9 million. Eddid Bauer reported net lossesof $165.5 millionh in fiscal year 2008, part of a totao of $478.7 million in losses duringy the past three fiscal years. In the first quartef that endedin April, the companuy reported net losses of 44.
5 Greg Charleston, an Atlanta-based consultant for Conwauy MacKenzie who works with financially stresseed retailers looking to restructure, said Eddid Bauer is facing the same recession-related issues as most otherd retailers in this economy. Sale s are down and so is revenue. The big differencw for some retailers like EddieBauer — is that as revenue has tanked the company’s heavy debt becomes more difficult to service, he “Virtually every retailer is experiencing the same thinhg as Eddie Bauer,” Charleston said. “Maybe because of their debt Eddiew Bauer is feeling the pain more than the but they are all goingthrougb it.
” If Eddie Bauer does seek bankruptcy protection, it would be another reminder of how the recession is hitting home. When WaMu filed for bankruptctin September, it was the largest failurre in U.S. banking history. WaMu listefd debts of about $8 billion and assetsw of $32 billion, although it later said some of its assets were tied tocompanyh stock, which became virtually worthless. When Wilsonville, Ore.-basesd Joe’s Sports filed for bankruptcy protectionin March, the companyu listed both assets and debt of $100 milliobn to $500 million.
Sunday 13 January 2013
University of Maryland starts new finance program - Baltimore Business Journal:
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Master of Science in Business: Finance will be taughty throughthe university’s . “Thes global financial crisis has changedx the way we think about said G. Anandalingam, dean of the Robert H. Smitu School of Business, in a statement. “Nowa more than ever there is a need for industrt professionals with a solid understanding of evolving financial models for banking anddebt management, corporate governance and management.” Teachers have been working closel y with the and the among other agencies, and have also advised large financial institutione and multinational corporations.
Usiny quantitative methods, students will be able to analyze and direcft the financial decisions of an organization in theglobap economy. Classes start this fall at the school’s D.C. ,campus in the . The part-time program meets twice weekly and takes15 months.
Master of Science in Business: Finance will be taughty throughthe university’s . “Thes global financial crisis has changedx the way we think about said G. Anandalingam, dean of the Robert H. Smitu School of Business, in a statement. “Nowa more than ever there is a need for industrt professionals with a solid understanding of evolving financial models for banking anddebt management, corporate governance and management.” Teachers have been working closel y with the and the among other agencies, and have also advised large financial institutione and multinational corporations.
Usiny quantitative methods, students will be able to analyze and direcft the financial decisions of an organization in theglobap economy. Classes start this fall at the school’s D.C. ,campus in the . The part-time program meets twice weekly and takes15 months.
Wednesday 9 January 2013
Colorado Hispanic business leaders to lobby Bennet, others on union bill - Silicon Valley / San Jose Business Journal:
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The delegation includes members of the Hispanic Contractors ofColoradk (HCC) and the Denver Hispanic Chamber of Commerce. The groulp will be in Washington on Tuesdayand Wednesday, joining small-businesxs leaders from other states. The Coloradol business leaders want totell D-Colo., and other lawmakers “why this bill woulde really hurt them as they try to emergew from a tough economy,” said HCC spokesman Sean Duffy. Duffy said the group arranged to meet with Bennet because he has not yet declares how he will vote on thelabor bill.
“In these very difficulr economic times, companies are struggling to retain the jobsthey have,” Helga HCC executive director, said in a “We want to send a message that we want to help jump star t economic recovery but [the labor would make that challenge far, far The Employee Free Choice Act, also knowhn as the “card check” bill, woul d allow workers to organize a union without a secretg election, as now required.
Instead, a localo could be launched at a workplace if at leas t half its workers sign an authorization Unions say the bill is needed to protecy worker rights in the But ina statement, HCC said that enactment of the law “woulxd unfairly tip the delicate business-labor climate in Colorado sharplgy away from employers, and woule result in further economic damage and job As part of a larger nationwide contingenty organized by the , the Colorado grouo will meet with Sen. John Thune, R-S.D., and othedr legislators “to be determined,” Duffy said. The business leaders also want to discuseother issues, including health care reform and the allocation of federal stimulus funds.
The delegation includes members of the Hispanic Contractors ofColoradk (HCC) and the Denver Hispanic Chamber of Commerce. The groulp will be in Washington on Tuesdayand Wednesday, joining small-businesxs leaders from other states. The Coloradol business leaders want totell D-Colo., and other lawmakers “why this bill woulde really hurt them as they try to emergew from a tough economy,” said HCC spokesman Sean Duffy. Duffy said the group arranged to meet with Bennet because he has not yet declares how he will vote on thelabor bill.
“In these very difficulr economic times, companies are struggling to retain the jobsthey have,” Helga HCC executive director, said in a “We want to send a message that we want to help jump star t economic recovery but [the labor would make that challenge far, far The Employee Free Choice Act, also knowhn as the “card check” bill, woul d allow workers to organize a union without a secretg election, as now required.
Instead, a localo could be launched at a workplace if at leas t half its workers sign an authorization Unions say the bill is needed to protecy worker rights in the But ina statement, HCC said that enactment of the law “woulxd unfairly tip the delicate business-labor climate in Colorado sharplgy away from employers, and woule result in further economic damage and job As part of a larger nationwide contingenty organized by the , the Colorado grouo will meet with Sen. John Thune, R-S.D., and othedr legislators “to be determined,” Duffy said. The business leaders also want to discuseother issues, including health care reform and the allocation of federal stimulus funds.
Tuesday 8 January 2013
bizjournals: Where the hottest job markets are: Private-sector jobs increase 6.4% from 2002 trough -- bizjournals.com
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The country lost 2.2 million private-sector jobs betwee June 2001 and the same montjh ayear later. Even the most prosperousz markets paidthe price: Dallas-Fort Worth watchesd 94,400 jobs slip away duringy that 12-month period, while Houstonn lost 20,700 jobs, Phoenix 13,400 and Las Vegas A weary nation hoped for a swiff recovery, but economists warned that it mighrt be slow and difficult. They were in for a pleasant surprise. More than 6 million jobs have been createf sinceJune 2004, pushing the number of private-sector positione to 116.9 million by the midpoint of 2007. That's 6.4 percentf above the trough of 109.9 million in June 2002.
Nowher e has the recovery been stronger than which is currentlythe nation's hottest employmenf market, according to a new Bizjournals "Phoenix has seen a real boom, and it has been says Austin Litvak, an associate economisrt with Moody's Economy.com, an international research firm. "Thew economy there really took off in 2004 and largely due to the housinf market and the large number of peoplew moving intothe area." Phoenic has expanded its employment base by 23.4 percent since 2002, almost quadrupling the nationakl rate. Its five-year influx of 325,100 private-sectoer jobs topped the nation, with Washington's gain of 245,400 a distantt second.
That torrid pace has slowed a bit Phoenix added an averageof 68,00o0 private-sector jobs annually between 2002 and 2006, but droppee to 52,900 in 2006-07. The latted figure was fourth-best in the trailing Dallas, Houston and New York City. "That being said, the growth is still above thenationalp average, still impressive," says Litvak. "The housing market is going througn acorrection now, but when it stabilizes, we believe Phoenixx will begin accelerating again." Bizjournals used a nine-partg formula to analyze employment trends in the nation's 100 largest laborf markets. The formula was fueled by midyear data complieds since 2002 bythe U.S.
Bureaju of Labor Statistics. The 100 markets, takemn collectively, contained roughly two-thirds of the nation's 116.9 million private-sectotr jobs as of June 2007. ( , and -- Righty behind Phoenix is No. 2 Salt Lake City, wherer the number of private-sector jobs has soared 11.3 percenft since 2005, the nation's fastest growth rate during the pasttwo -- Boise, Idaho, occupies third place. It has the lowesg unemployment rate among the 100 markets inthe 2.1 percent. ( -- Riverside-San Bernardino, is fourth.
The area commonly knowh as the Inland Empire hasadded 233,200 jobs sinc 2002, outperforming all marketw but Phoenix and Washington in that Rounding out the top 10 are Dallas-Fort Worth, Las Vegas, Austin, Cape Coral-Forgt Myers, Fla., and Tucson. ( with three metros in the top 10, boastz more hot markets than anyother state. Different sectorsa are given credit for the employment upswings in eacharea -- energy in Houston, finance in Dallas-Fort Worth and technology in Austin. "All three are benefitinb from the overall growthin Texas, to be But they all have their own unique aspectes that help them to define theire own paths," says M.
Ray Perryman, presidenf of the Perryman Group, an economic-analysis firm in Texas. Las Vegas was prominent in previous rankings of hot labormarkets -- No. 1 in 2005 and No. 2 in 2006. But a recenr slowdown has pushed it to seventbh placethis time.
The country lost 2.2 million private-sector jobs betwee June 2001 and the same montjh ayear later. Even the most prosperousz markets paidthe price: Dallas-Fort Worth watchesd 94,400 jobs slip away duringy that 12-month period, while Houstonn lost 20,700 jobs, Phoenix 13,400 and Las Vegas A weary nation hoped for a swiff recovery, but economists warned that it mighrt be slow and difficult. They were in for a pleasant surprise. More than 6 million jobs have been createf sinceJune 2004, pushing the number of private-sector positione to 116.9 million by the midpoint of 2007. That's 6.4 percentf above the trough of 109.9 million in June 2002.
Nowher e has the recovery been stronger than which is currentlythe nation's hottest employmenf market, according to a new Bizjournals "Phoenix has seen a real boom, and it has been says Austin Litvak, an associate economisrt with Moody's Economy.com, an international research firm. "Thew economy there really took off in 2004 and largely due to the housinf market and the large number of peoplew moving intothe area." Phoenic has expanded its employment base by 23.4 percent since 2002, almost quadrupling the nationakl rate. Its five-year influx of 325,100 private-sectoer jobs topped the nation, with Washington's gain of 245,400 a distantt second.
That torrid pace has slowed a bit Phoenix added an averageof 68,00o0 private-sector jobs annually between 2002 and 2006, but droppee to 52,900 in 2006-07. The latted figure was fourth-best in the trailing Dallas, Houston and New York City. "That being said, the growth is still above thenationalp average, still impressive," says Litvak. "The housing market is going througn acorrection now, but when it stabilizes, we believe Phoenixx will begin accelerating again." Bizjournals used a nine-partg formula to analyze employment trends in the nation's 100 largest laborf markets. The formula was fueled by midyear data complieds since 2002 bythe U.S.
Bureaju of Labor Statistics. The 100 markets, takemn collectively, contained roughly two-thirds of the nation's 116.9 million private-sectotr jobs as of June 2007. ( , and -- Righty behind Phoenix is No. 2 Salt Lake City, wherer the number of private-sector jobs has soared 11.3 percenft since 2005, the nation's fastest growth rate during the pasttwo -- Boise, Idaho, occupies third place. It has the lowesg unemployment rate among the 100 markets inthe 2.1 percent. ( -- Riverside-San Bernardino, is fourth.
The area commonly knowh as the Inland Empire hasadded 233,200 jobs sinc 2002, outperforming all marketw but Phoenix and Washington in that Rounding out the top 10 are Dallas-Fort Worth, Las Vegas, Austin, Cape Coral-Forgt Myers, Fla., and Tucson. ( with three metros in the top 10, boastz more hot markets than anyother state. Different sectorsa are given credit for the employment upswings in eacharea -- energy in Houston, finance in Dallas-Fort Worth and technology in Austin. "All three are benefitinb from the overall growthin Texas, to be But they all have their own unique aspectes that help them to define theire own paths," says M.
Ray Perryman, presidenf of the Perryman Group, an economic-analysis firm in Texas. Las Vegas was prominent in previous rankings of hot labormarkets -- No. 1 in 2005 and No. 2 in 2006. But a recenr slowdown has pushed it to seventbh placethis time.
Monday 7 January 2013
Starbucks Joins Designer Trend With Rodarte Collaboration - NPR
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NPR | Starbucks Joins Designer Trend With Rodarte Collaboration NPR Starbucks is just the latest mass retailer to jump on this designer trend. Joshua Thomas, a spokesperson for Target, says his company has now worked with more than 100 designers. "It always starts with the customer at Target," Thomas says. "What have ... |
Sunday 6 January 2013
Peterson held in check vs Packers - ESPN (blog)
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KCRG | Peterson held in check vs Packers ESPN (blog) Peterson held in check vs Packers. January, 6, 2013. Jan 6. 12:20. AM ET. By ESPN Stats & Information | ESPN.com. Recommend0 · Tweet0 · Comments0 · Email · Print. Andrew Weber/USA TODAY Sports The Packers held Adrian Peterson to 99 rushing ... Peterson Held In Check A s Packers Beat Vikings |
Thursday 3 January 2013
Exmouth Harriers octet take on the Bicton Blister and Lite challenges - Exmouth Journal
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Exmouth Journal | Exmouth Harriers octet take on the Bicton Blister and Lite challenges Exmouth Journal An octet of ladies under the title 'Exmouth Running Belles' took part in the Bicton Blister. Comments; Email; Print. To send a link to this page to a friend, you must be logged in. One Belle finished the five mile race, the Bicton Lite, whilst the ... |
Wednesday 2 January 2013
Realtors to launch foreclosure courses - Dallas Business Journal:
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The group gave the $3,200 to host a foreclosuree and shortsales course. And the was givemn $8,050 to develop a course and DVD for consumersd and agents on the legaol risks associated with foreclosures and short also wasawarded $6,000 to host a Realtor trainin g course on helping consumersx who are behind on their mortgages. The national associatioj gave out morethan $3 million to different city associations to help resolv the growing foreclosure problem.
“Realtors build and as the leadiny advocate for homeownership and housing we believe that any familgy that loses its home to foreclosure is one familyutoo many,” NAR President Charles McMillan, a broker with in Dallas-Foryt Worth. “Foreclosures affect each community differently, which is why NAR is providing the Foreclosuree Prevention and Response grants directlyg to local and state Realtor associations so that they can developo unique, coordinated action plans to prevent foreclosures and minimize their adverse effects on the community.
”
The group gave the $3,200 to host a foreclosuree and shortsales course. And the was givemn $8,050 to develop a course and DVD for consumersd and agents on the legaol risks associated with foreclosures and short also wasawarded $6,000 to host a Realtor trainin g course on helping consumersx who are behind on their mortgages. The national associatioj gave out morethan $3 million to different city associations to help resolv the growing foreclosure problem.
“Realtors build and as the leadiny advocate for homeownership and housing we believe that any familgy that loses its home to foreclosure is one familyutoo many,” NAR President Charles McMillan, a broker with in Dallas-Foryt Worth. “Foreclosures affect each community differently, which is why NAR is providing the Foreclosuree Prevention and Response grants directlyg to local and state Realtor associations so that they can developo unique, coordinated action plans to prevent foreclosures and minimize their adverse effects on the community.
”
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