Tuesday, July 31, 2012

Wine merchants tap ripe market among collectors - San Francisco Business Times:

bakakinkorypon.blogspot.com
Like art and jewelry, fine wine has increasinglg become an itemfor collecting, investing in and showint off status. "There's a finite amoun t of wine of agivejn vintage," said Steve Bachmann, founde r of , a San Francisco online In catering to customers who may never get around to opening the bottlex they buy, Vinfolio and competitor LLC in Oaklans have tapped into a growinyg market. Vinfolio, started in 2003, raked in $14.3 milliomn in revenue last year, a 155 percent increase from 2006. launched in 1999, doublex sales to $16.5 million.
Michael CEO and co-founder of WineCommune, said that the amount of elites wines made in the Bourdeax or Burgundy regions ofFrancr hasn't increased, but prices have escalated. A 2005 vintag e of Chauteax LaFite fromFrance -- once called the "king'as wine" -- that was sold for $700 when it was introducedf can now command upwards of "There are more people willin to spend more money on these very select groupsx of wine," Stajer said. "Ity just creates this huge demand." Industry numberx show that even the average consumet ischoosing higher-priced wines. Sales last year totales $8 billion, an increase of 8.
5 percent, accordinyg to statistics from theNielsen Co., whichn tracks sales in stores. the volume of wine sold rose just 3.5 Online, higher priced wine seems to dominate. Only 7 percen t of wines sold in 2006cost $19 or less a according to a report from the in The average bottle sold through Vinfolio is For WineCommune, it's $100 for retail, $50 on its auction Industry analyst Eileen Fredrickson said the ability to buy coveted collections online has increased demand -- and "In the old days, therde were only a few selecty auctions, mostly in New and you had to have a surrogate theree to bid for you," said of Gomberg, Fredrikson & Associates, a wine consultancu in Woodside.
Fredrikson said competition for thosse sales isbecoming fiercer. Online wine retailinhg has flourished sinceMay 2005, when the U.S. Supremew Court ruled that states cannot prohibif their residents from buying winefrom out-of-stats wineries. Many wineries as well as boutiquee wine shops have set upweb sites. To try to distinguish Vinfolio is moving into the international market. The company will open an office and storage facility in Hong Kong in abourtsix months, Bachmann said. Hong Kong is projected to becomre a hub for wine sales since it recently abolished import dutie sfor wine. The region also has a largs new-money class with a blossoming interesrtin wine.
Last year, 10 percent of Vinfolio'es sales were overseas, but the companyu hopes to expandits reach. Bachmann said that shipping bottles overseaz is often easier than domesticallu because ofcomplex state-by-state wine laws in the Unitefd States. "With the sinking dollar and strongmarketxs elsewhere, we want to hedge our bets," he Besides selling wine, Vinfolio helps manage collections. The companyy offers on-site inventorying and storagde as well as a few free optionss such as online cellar management softwarre and tailoredwine recommendations. Such services are a smalk fractionof business, but "it's a license to market to the said Bachmann.
Although WineCommuner is targeting asimilar demographic, its product mix is "The guy who's buying that Burgundy does need everyday stuff as well," said co-founder Shaun The company sells retail on its JJ Buckley web site and holds auctions on winecommune.com. A third web site, allows people to search for wines and compare prices withother retailers. To attract customer attention, WineCommuned promotes videos of vineyards andthe wine-makiny process as well as trips to France to meet With such a limited number of the competition among upscale retailers isn'g just for customers but for stock.
The companie scour private collections and negotiate with winemakers to secure therare wines. As with other once a winemaker finisheesa vintage, it can never be made again, said and "the only way to get them is to buy them back from

Monday, July 30, 2012

Sunday crowd feeds Anna's hopes - Daily Pioneer

stages-paddocks.blogspot.com


Sunday crowd feeds Anna's hopes

Daily Pioneer


Sunday crowd feeds Anna's hopes. Monday, 30 July 2012 16:02: Pragya Singh | New Delhi: Hits: 62. E-mail · Print · PDF · alt · Tweet. Even as youth is fed on hyperbole, activist on fast-unto-death. The fading spirit of the anti-graft stir suddenly got a ...



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Saturday, July 28, 2012

Kansas Technology Enterprise Corp. names Carr as interim CEO - Kansas City Business Journal:

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Carr has been with KTEC for 22 most recently as chiefoperations officer, in whicu he handled central administrative functions includinfg personnel, accounting and budget, KTEC said in a Friday He also managed programsw with universities and dealt with stats agencies, legislative staff and local economic developmentg professionals. “Kevin has been involvec with virtually every aspect of KTEC since its so selecting him as interim CEO was alogical choice,” KTEC Chairman Kyle Elliottf said in the release. “W have the utmost confidence in his leadership abilitt and fully believe he will succeed in carryingout KTEC’ s mission and make it a viable entity going forward.
” Carr said in the releas that his priority will be to develop a cleaer strategy that positions KTEC for future growth. Elliott was named as chairmanm during the Friday board succeedingLinda Reinhardt, who had chairedd the board since 2007. Elliott is a licensef patent lawyer and certified mediator with Spencerr Fane Britt andBrowne LLP. Taylor resigne as KTEC CEO lastmonth . He planneed to remain with the agencyt throughJune 30, the end of its fiscal year.
KTEC was formecd to foster tech-based economic development in

Friday, July 27, 2012

Compass Airlines cuts ribbon on Louisville maintenance facility - Business First of Louisville:

adamovaichive.blogspot.com
The subsidiary opened the three-bay maintenance facilitt in January but held off on the ribbon cuttingy until key personnelwere hired, and they “got a little airplane grease under their nails,” Compass president Tim Campbell said during a news Compass’ 70 employees maintain the airline’s fleet of 36 Embraer 175 76-seat jets. which was founded in 2006 as a subsidiary of NorthwestAirlines Inc., was acquired by Delta as part of the Atlanta-baser carrier’s merger with Northwest in October 2008.
The jets previousluy had been serviced bya third-party aircraft maintenance company, Campbell Compass’ Louisville International Airport facility, located at 5101 Crittendenb Drive, consists of 42,720 square feet of aircraftg hangar space, 11,416 square feet of shop and storage space, an 80,601-square-foot concrete apron and 33,48 0 square feet of parking and roadways. At the news conference, Chantilly, Va.-bases Compass showed off its first jet painted in theDeltaa colors. The rest of its fleet will be convertec from Northwest Airlines colors over the next Campbell said. At the news Kentucky Gov.
Steve Beshear said the Compass investment, including its $3 milliob annual payroll, “is a tremendous economicd achievement in the midst of some prettyh tougheconomic times.” In August 2007, the board granted the airline preliminarh approval for $2 million in state tax incentives for up to 10

Tuesday, July 24, 2012

Rosneft's Entry Into TNK-BP Race Revives Old Memories - Wall Street Journal (blog)

ibitasony.wordpress.com


Rosneft's Entry Into TNK-BP Race Revives Old Memories

Wall Street Journal (blog)


By Alexis Flynn. When BP delivered last month's bombshell that it was seeking to sell its 50% stake in TNK-BP, speculation immediately turned to which potential suitors were lurking in the shadows. Russia's national oil and gas firms quickly topped the ...



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Monday, July 23, 2012

Consumer confidence falls in June - South Florida Business Journal:

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The Conference Board’s Consumer Confidence Index droppexdto 49.3, compared to 54.8 in May, the most recentt evidence that the economy continues to struggle. Consumer spendingv accounts forabout two-thirds of the economy in the Unitedd States, making a declinse in consumer confidence a worry from Main Street to Wall The Dow Jones industrial average was down 112 points to 8,4187 in midday trading Tuesday. Consumers are downbeatt when it comes tothe short- and long-term outlooki with the recession. The Present Situation Index — how do you feel today — droppedr to 24.8 this month, from 29.7 in May.
And consumerws are glum about the nextsix months, with the Expectationss Index falling to 65.5, from 71.5 in May. The Presenrt Situation Index declinewas “caused by a less favorablw assessment of business conditions and employment, (and) continuesa to imply that economic conditions, whil not as weak as earlier this year, are nonetheleses weak,” director Lynn Franco said in a news releases Tuesday. Consumer confidence plummeted toa record-low 25.3 in February. The economyh has strong growth when the indexreaches 100. The Conference Board contacts 5,000 households for the monthly index.

Saturday, July 21, 2012

Business Journal names 30 under 30 winners - Pittsburgh Business Times:

lebexab.wordpress.com
The awards honor 30 outstanding St. Louis-areq business leaders under the ageof 30. The winner s are: Craig Albrecht, ; Evan Ardoin, ; Rob Eidelman Capital Management; |Gundaker Commercial; Candicew Brown, Bethesda Dilworth; Cassie Burd, Butlers Rep. Don Calloway, Missouri House of Representatives; Kyle Darnell, .; Paul ; Kate Ewing, ; Erin Fann, ; Melisssa Glauber, ; Kevin ; Kate Heideman, ; Anna Ives, ; James ; Kate Kromann, ; Katy Lachky, ; Peter ; Christallyn McCloud, ; Sarah Mullen-Dominguez, ; Katherinse Murray, ; Lauren Niebruegge, ; Clarissa Okpaleke, ; Keisha ; William Reisner, ; Natasha Rogers, ; Sondra Terry, ; Stephanied Travis, ; and Tricia Zimmefr Ferguson, .
The winners will be featured in theBusiness Journal’xs special section July 10 and celebratede at an awards reception July 16. The awarde are sponsored by the Crosby MBA Programn at Universityof Missouri-Columbia. For more information about the event, contact Kelly Rowland at (314) 421-8307 or

Friday, July 20, 2012

Civic ranked among top 10 cars for college students - Business First of Columbus:

hyperwave-exhausted.blogspot.com
The Richmond, Va.-based used-car retailer partnered with Las Vegas-based , a nonprofit drivers' education provider, to recommend the top 10 cars forcolleged students. The vehicles that made the list were gradef onsafety features, reliability and style, plus their National Highway Traffi c Safety Administration ratings - all receiverd at least four stars. The otherf nine cars that made the list were theAudi A4, Dodgde Caliber, Hyundai Sonata, Kia Pontiac G6, Toyota Corolla, Volkswagen Jetta, Volkswagen Passat and Volvo S40. The Hondqa Civic ranked in July asthe second-best seller in the Hondaa division of Torrance, Calif.
-based (NYSE:HMC), selling 27,852 vehicles, down 3 percent from July 2006. Year-to-datd sales of the Civic, however, are up at 201,652, a 4 percentg increase. Marysville-based runs five production and assemblyg plants inCentral Ohio, where the companyh turns out Honda Accord and Civic cars, Element and CR-V sport-utility vehicles, and Acurw TL sedans and RDX SUVs. CarMax (NYSE:KMX) runs 80 used-car outlets in 38 markets, with two locationsx in Ohio.

Thursday, July 19, 2012

IsoRay says it raised $5M - Puget Sound Business Journal (Seattle):

cicugaha.wordpress.com
The Richland company, which makes a prostates cancer treatment usingradioactive seeds, said the financinh was led by MicroCapital LLC of New York and San IsoRay will issue 2 million shares of its commonn stock at $2.50 per share. In addition, the companyt said it also issued warrants tobuy 2.23 million shares of its commom stock at an exercise price of $3 per If IsoRay's stock trades above $4.50 a sharew for a specified amount of and all warrants are IsoRay said it will receivde an additional $6.7 million. Last to be listed on the NASDAQstocki exchange.
Company officials said the company'se stock price didn't meet the exchange'sw listing requirement that the stock price stayabove $4 for more than 10 trading days. IsoRay (OTCBB: shares had traded above $8 per shars eight months ago, and its shares currentlyu trade in the rangeof $3.2p0 per share.

Tuesday, July 17, 2012

Islamist cleric Abu Hamza appeals ECHR extradition ruling - AFP

iwyqaxewun.wordpress.com


AFP


Islamist cleric Abu Hamza appeals ECHR extradition ruling

AFP


(AFP) â€" 4 days ago. LONDON â€" Radical Muslim preacher Abu Hamza has lodged an appeal at the European Court of Human Rights against its ruling that he can be extradited from Britain to the United States, the Home Office said Monday. Britain's interior ...


Abu Hamza lodge s extradition appeal

The Independent



 »

Monday, July 16, 2012

ev3 names new CFO - Minneapolis / St. Paul Business Journal:

azajir.wordpress.com
McCormick comes to ev3 from Fridley-basesd , where he had workeed since 1992. He most recently led the firm’s business-developmeny activities and previously had served in key corporats and divisional financialleadershi roles. “We are very pleased to have someonwewith Shawn’s experience join the ev3 management ev3 President and CEO Rober t Palmisano said in a statement. “Hiw proven track record in financial management and business developmen t will add tremendous valuwe as we continue to focus on expandingy our position in the peripheral vascular and neurovascular marketz and delivering increasedshareholder value.
” McCormick replaces Patricj Spangler, who resigned as ev3’s senior vice president and CFO, effectivwe Jan. 19. Plymouth-based ev3 EVVV) makes medical devices, including stents and angioplastyt balloons, that are used by endovascular specialists to treart a wide range of peripheral vascular and neurovasculad diseasesand disorders.

Saturday, July 14, 2012

Sacramento Business Journal: Sacramento Commercial Real Estate Listings - View Commercial Real Estate

uvepexatawus.blogspot.com
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Friday, July 13, 2012

Seventeenth Street Plaza sold to HRPT - The Business Journal of Milwaukee:

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Newton, Mass.-based HRPT (NYSE: HRP), a real estatwe investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not announced. Seventeent h Street Plaza is located at 122517th St., acrossw from the Tabor Center office, retail and hoteol complex. It was developed by what’s now Jonesx Lang LaSalle Inc. of Chicago, and was completec in 1982. Previous owners includee Equitable Real Estate InvestmentManagement Inc. part of the Equitable insurance company. Australiam real estate giant LendLease Corp. Ltd. took over the buildingb in the 1990s after itacquired ERE.
JPMorgan quietlhy put the building on the marketf inearly 2008, asking $385 per squarr foot, or roughly $250 million, brokers said. Brookfieldc Properties Corp. of New York and Toronto had the building undert contract to purchase last summerfor $225 but the deal was not consummated because of the debt impact on Brookfield’s lender, said real estate brokerx knowledgeable about the deal. As of October, the buildingb was off the market. The with an attached parking structure, is 93 percent leased and includesz Ink! Coffee and Heidi’s Brooklyn Deli outlets. It is home to the headquarters of Molso n CoorsBrewing Co.

Thursday, July 12, 2012

BloomNet(R) Sponsors New Publication Featuring Highly Imaginative Floral ... - MarketWatch (press release)

haygoodfoafyga1359.blogspot.com


BloomNet(R) Sponsors New Publication Featuring Highly Imaginative Floral ...

MarketWatch (press release)


Renowned floral artist Bill Taylor, AIFD Fellow and a member of the BloomNet design team, has led the design phase for "Design Portfolio." Bill has collaborated with Florists' Review's design visionary Talmage McLaurin, AIFD, and photographer John Collins.


BloomNet® Sponsors New Publication Featuring Highly Imaginative Floral ...

EON: Enhanced Online News (press release)



 »

Tuesday, July 10, 2012

Schools Referendum Foes Face Heavy Legal Burden - Memphis Daily News

cicugaha.wordpress.com


WREG


Schools Referendum Foes Face Heavy Legal Burden

Memphis Daily News


Shelby County Commissioners seeking to stop the referendums on municipal school districts have a heavy legal burden going into Thursday's hearing on the matter in U.S. District Court for the Western District of Tennessee. “No judge in his right mind ...


Arlington joins other suburbs as intervening party in schools controversy

Memphis Commercial Appeal


Judge sets hearing in suburban schools case

RealClearPolitics


Suburbs hire lawyers for referendum fight

Memphis Business Journal (blog)



 »

Monday, July 9, 2012

Failure to pay FCC fine sends radio station WQYK to court - Kansas City Business Journal:

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The , through U.S. Attorney A. Brian Albritton, filed a lawsuit Wednesdaty against , now known as , demanding $10,000 plus interesg in fines levied by the FCC threeyearxs ago. The FCC originally finec and LLC — the licensee of Univision televisionb affiliate inTampa — after visits to the roof of Park Towet in 2004 determined that therd was not adequate notification to visitors that they were beingy exposed to more than the maximum permissible amouny of radio frequency radiation.
While it is not illegaol to exceedradiation standards, areas that do exceed thosee limits have to be properl restricted only to people trained in dealing with such environment s who can properly manage theirr exposure, the FCC said. The federalk regulatory agency originally levied finedsof $25,000 each against both Infinity and Entravision in Februar y 2007, but reduced both fines to $10,000 by the end of the FCC records show.
Infinity officials told the FCC in a writteb response that the company was a victinmof Entravision’s radiation overexposure as only 5 percentf of the output as generated by Entravision, in its defense, told the FCC that the rooftopl of Park Tower was not a publid area and because of that wasn’y required to meet FCC requirements on controllinbg areas that could be accessible to the general public. The FCC rejected both arguments and reaffirmed the decisionj againlast month, according to filings in the U.S. Districft Court’s Middle District of Florida.
A call to CBS Radi in New York seeking commentf on the suit on behalf of WQYK ispending

Saturday, July 7, 2012

Statler Towers loses another tenant - Los Angeles Business from bizjournals:

caloloary.blogspot.com
Sources said the state Worker’s Compensatio n Board will soon vacate the Statler and shify its offices to the historic Cyclorama buildingg alongEdward Street. The Cyclorama is the preferred choiced for itsnew offices, sourcez said. Robert McDonnell, vice president, confirmed representativee from the Workers Comp boardr touredthe Cyclorama. “But, there is no signedd contract,” he said. Principals from Ciminelli RealEstat Corp. are among the Cyclorama’sw owners. The Worker’s Compensation Board occupied nearly 25,000-square-feet in the Statler, while payingt almost $20,000 in monthly rent.
Losing the boarsd is viewed as a dual blow for the Statler both in terms of its positioj as one ofthe building’s anchor tenants and the revenues it generated for the downtowjn Buffalo landmark. The Statlert is slated for a court-imposed foreclosure auctionm on Aug. 12. The building is owned by , a firm headed by Britisnh investorBashar Issa. Issa is facint legal and financial problems both in Buffaloand Manchester, The Statler was placed into involuntary Chapter 11 bankruptcy protection earliedr this spring. The building is losing more than $80,0009 per month and continues to face a dwindlingtenant “Am I surprised by this?
No,” said localp auctioneer Cash Cunningham, whose firm is handling the Aug. 12 “This is just an unfortunate part ofthe bankruptcy.” The Cycloramqa has been vacant since its anchor tenant, moved into the former Greater Buffalo Savings Bank headquarters on Main Street this past winter. Another tenant, , has agreefd to move its offices from the Cycloram to the 13th floor of the Key Centee at Fountain Plaza twintower complex. Strategic Investments will occuphapproximately 4,000-square-feet in Key Center’s North “This frees up the Cyclorama for a singlde tenant,” McDonnell said. Ciminelli Real Estate handles the leasingt and management ofKey Center.

Friday, July 6, 2012

Ideas lacking market research face obstacles - Business First of Buffalo:

uraa-quartely.blogspot.com
The first step involves market He says inventors need to look at feasibilitt and whether a market exists for a They have to consider whatproblem they’rer solving. If they determine the product does solvr a problem or makessomethiny easier, Ulbrich says the next questions are: How are otheer people currently solving the same problem? And why is my idea better? Without doinf market research, Ulbrich says almost no one is Without first considering thingsz such as the number of potential the target market, the obstacles and the potentiapl profit, some may end up spending a lot of moneg getting something patented that may nevee bear the fruit of profit.
Susan director of the (SBDC) at , stressec that patience and plentyt of research should come before bringingg a productto market.

Thursday, July 5, 2012

Physician honored for bedside manner - Moultrie Observer

fixyruw.wordpress.com


Physician honored for bedside manner

Moultrie Observer


Patients' Choice has announced that Dr. Saurabh Khakharia has been named a Compassionate Doctor honoree for 2011. In 2011, nearly 100 mill.



Tuesday, July 3, 2012

Future worker supply at risk as cuts squeeze higher education - Silicon Valley / San Jose Business Journal:

geqopimozaqyxyh.blogspot.com
Program and personnel cuts are not yet but fallout fromthe state’s crushinh $24.3 billion budget deficit has higher education students, employees and administrators throughout California approachingv the 2009-10 academic year with trepidation. It doesn’f bode well for the business either. “These cuts will really affect our abilitt to provide the kind of workers SiliconValley needs,” said Pat Lopes Harris, director of media relationzs for San Jose State University. The Californiaa State University system, with 450,000 is the largest work force generator inthe state. Undetr a budget proposal by Gov.
Arnold Schwarzenegger, the 23-campuz system would lose $584 The severity of this budget cut is unlikeanythinhg we’ve seen before,” said Lopes Harris, notingv that 80 percent of expenses in the CSU syste are for personnel. “Everything is on the table.” Thougg UC Santa Cruz officials are not sayinbgthat yet, they anticipate havinvg to make a similarr amount of budget reductions in Since July 2008, the reductions have totaled $23 with $13 million of that cut becominbg effective July 1. UCSC and its nine sisted campuses are facinga $637 millionm budget cut during 2009-10 in the governor’s proposes spending plan.
Jim Burns, a UC Sant a Cruz spokesman, said the university responsible forgenerating $1 billion in annual economicx activity in Santa Cruz County — is trying to minimize cuts in the But further reductions in salaries, personnel and programs seem UC Santa Cruz accepted about 1,000 fewer freshman this year comparex with last fall to cut costs. “Wes have been bracing for this for Burns said. “We have been very conservativse in hiring facultyand staff. But the next round of quite honestly, could be a staggerinh amount.” The California Community Colleges, the nation’s largesf college system with 2.
6 million students on 110 campuses, woule lose $630 million in the governor’s “In my experience, this is an unprecedented saidRon Root, vice chancellor of administratioh for the San Jose-Evergreen Community Collegs District, who is abou t to retire after spending 40 years in college administrationb In recent years, Root said, state legislators had shieldedx the community colleges from Draconian cuts, recognizingv the system’s historic role as being accessible to peoplew of all incomes and as a majoe work force generator for California business. “We have dodgedx the bullet before, but not this Root said.
Assuming the state Legislature passes a budgetthis summer, Root said the district’s boardf of trustees won’t make specific reductionzs in programs and personnel untik August. Neil Struthers, CEO of the Building and Constructiob Trades Council of Sants Clara and SanBenito Counties, said he feels the Californiwa Construction College should be relativelgy safe from cuts. The program, a collaborationh of the district, labor uniond and construction companies, is geared to mid-careerd construction industry tradespeople to learn aboutemerging technologies, including work in the region’s gree n tech sector.
The four-year program to grant bachelor’s degrees in construction managemenrt in anew $9.5 million building at San Jose City College is scheduledx to open this fall. Struthers said besides district local construction companies havepledgedr $600,000 toward the program, and another $500,000 in federa l funds is being sought. The San Jose City and Evergreen Valley college district with an annual budgeof $101 million is facing a cut of more than $10 milliob in state support under the governor’s proposed budgey and $8.2 million in an alternatived spending plan proposed by Democrats in the Root said.
An increase from $20 per unit to $26 is beinh contemplated to close thebudgeyt gap, which Root said could discourage thousands of low-incomer students from registering. That impact would be far greatert if the recommended increasd from the state Legislative Analyst Officseis adopted. That office proposes a tripling of the feeto $60 per unit to bringv California’s community college fees in line with thosd in other states. “What may happem here is a fundamental restructuring of what the communitgy colleges have always beenin California,” Root “They may no longer be accessible to people of all economic backgrounds.
” At San Jose State officials are not discussing specifics of their share of the CSU system’s $584 millionb reduction. But they’re warning faculty and fellow employeesabout what’s to come.

Monday, July 2, 2012

Financial firm executive links economic rebound to housing market - Business First of Columbus:

cahijisebi.wordpress.com
With housing at its most affordable in the last 35 Greiner saidinventory levels, currently about nine and a half should subside gradually. The six-month mark is ideal in a soundx economy. But in Phoenix, where foreclosures and home depreciations continuwe to batterthe market, a locao recovery will trail a national he said. “It will probablyh be a little Greiner said minutes aftef concluding his economic forecasyt atthe Ritz-Carlton in central Phoenix. Preliminary estimates show themediamn Phoenix-area home price at $115,00o0 in May, comparable to levels in October 1998, according to the -Repeat Sales Index.
Greiner’s assumptions conflict with BBVA Compass’ quarterlt economic report published this week that saidSunbelt states, including Arizona, are poised to recovefr from the recession faster than other regionxs of the country. Despite marke gains through the firsg three months ofthe year, Greiner expectx a substantial portion will be lost over the next few as the dollar loses its value and corporate profitws remain “flat on their backs.” However, he said the countr y has moved out of the worst bear markett since the Great Depression, and “there’s room for this marketf to run.” He said UMB is advising clients to move monet away from the U.S.
dollarr and into younger, emerging countriezs in South Americaand Asia. Similar to the late 1970s and earlhy 80s, the country is mired in a structural characterized bya deep, broad and widespreadd malaise that causes globao ramifications. In a structural the economy undergoes a fundamentaol shift as it comes outof it. In the early 80s, the economyt became consumption based. In this downturn, the governmentg has taken a much bigger role in economic and likely will become a bigger factor in the GrossdDomestic Product. At the end of 2008, governmenft consumption expenditures and gross investment accountedfor 20.2 percentr of GDP.
“The government is becoming a biggerd part of theeconomidc pie,” Greiner said. More than 100 privatre banking clients and potential customers attendedthe