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Norman Poltenson is the publisher of The Central New York Business Journal. He founded The Business Journal in 1986, focused on providing business owners and managers the news and information they need to compete. Contact him at npoltenson@cnybj.com
Spending on office buildings, which has dropped 47.5 percent since the September 2008 record-spending high, is nearing a 13-year low, according to the Institute for Trend Research. Permits for new-office construction have dropped 26.7 percent just since last December. Office vacancy rates in the second quarter of 2010 increased to 17.4 percent, the 10th consecutive quarterly rise. Construction of office buildings is projected to close 2010 at nearly 32 percent below 2009.
Ken Walsleben sent me a letter recently sharing his experience teaching scores of students who want to be entrepreneurs.
Steve Wynn, the famed Las Vegas casino and hotel developer who was raised in Utica, doesn't mince words when it comes to his views on Washington's policies. Check out the video of his interview on CNBC this spring if you haven't seen it.
“At approximately 8:30 a.m. on the first Friday of every month, the Department of Labor’s Bureau of Labor Statistics (BLS) releases a snapshot showing what the U.S. labor market looked like in the previous month.” So begins an article in the Summer 2010 issue of National Affairs, authored by Rea Hederman, Jr., the assistant director of the Heritage Foundation’s Center for Data Analysis.
Be thankful we’re not getting all the government we’re paying for. — Will Rogers Back in March, USA Today published an article which stated that federal workers averaged $75,419 in annual salary. The article went on to note the substantial jump in the number of those earning six figures, excluding overtime and bonuses.
The award, funded by the federal economic stimulus package, will save Crouse more than $100,000 per year in energy costs, Dr. Paul Kronenberg, CEO of Crouse Hospital, said in a news release.
Another month brought more disappointing news on the pace of hiring. Businesses added fewer jobs than expected in July, and previous estimates of private-sector hiring were revised downward, the U.S. Bureau of Labor Statistics reported today.
Even the most self-assured and stoic among us feel the intensity of the times. The economic recovery seems quite elastic at best. Today’s good news can disappear as quickly as it appeared.
BANKING & FINANCE Wilber National Bank has appointed Kenneth W. Giblin, Jr., to the position of senior mortgage account representative in its Provantage Home Loans division.
Top Ranks Lists The 2010 Book of Lists electronic edition may be downloaded in Excel format. These 62 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.
Norman Poltenson is the publisher of The Central New York Business Journal. He founded The Business Journal in 1986, focused on providing business owners and managers the news and information they need to compete.