Archive for September, 2010

Consumer Confidence inches down in September

The Conference Board’s Consumer Confidence Index, which had improved in August, retreated in September to 48.5 (1985=100), down from August’s reading of 53.2, the Conference Board reported yesterday. The Present Situation Index decreased to 23.1 in September from 24.9 in August, and the Expectations Index declined to 65.4 from 72 last month, according to the report.

“September’s pull-back in confidence was due to less favorable business and labor market conditions, coupled with a more pessimistic short-term outlook,” said Lynn Franco, director of The Conference Board Consumer Research Center.  “Overall, consumers’ confidence in the state of the economy remains quite grim. And, with so few expecting conditions to improve in the near term, the pace of economic growth is not likely to pick up in the coming months.”

Consumers’ assessment of current conditions was more pessimistic in September, with those claiming business conditions are “bad” increasing to 46.1 percent in September compared with 42.3 percent in August, and those claiming business conditions are “good” declining to 8.1 percent in September compared with 8.4 percent in August.

More info.

Enhanced by Zemanta

Sacramento coffee shop owner fights that left-out feeling

By Bob Shallit
bshallit@sacbee.com The Sacramento Bee
Published: Tuesday, Sep. 28, 2010 – 12:00 am | Page 1B
Last Modified: Tuesday, Sep. 28, 2010 – 12:33 pm

Jason Griest is brewing up a little protest movement.

The co-owner of Old Soul Co. found out Friday his local coffee company was left off a list of eateries recommended for retail spots at the new Sac International terminal that’s opening next year.

Now he and partner Tim Jordan are mounting a campaign to get the county Board of Supervisors to put Old Soul back in the mix when it approves a final list of concessionaires on Oct. 5.

“We’re going to make as big a stink as possible,” he says.

Griest is happy that numerous local restaurants were selected for the terminal slots. But disappointed that a selection process aimed at showcasing local companies at the airport ended up with only chain coffee shops.

“You can get Starbucks and Peet’s in Boise,” he says, “but you can only get Old Soul in Sacramento.

Airport spokeswoman Cheryl Marcell says a selection panel did its best “to accommodate as many (local) people as possible,” adding, “Not everybody can win, unfortunately.”

Griest says he’s mobilizing supporters to send e-mails to the supes and is contemplating an “e-petition” drive.

Also planned: a rally Friday night at his company’s newest location, a former Starbucks in Oak Park.

That site is “symbolic,” Griest says.

“Starbucks abandoned the community” when it closed its store there, he says, “and we came in and rescued it.”
Paint the town 

Speaking of protests, artist Stephanie Taylor is planning a visual one – on the back wall of Willie’s Burgers in midtown Sacramento.

She’ll be painting a 50-foot-long mural in the tradition of Diego Rivera.

But without the legendary Mexican artist’s leftist slant.

“I’m going to be standing up for the middle class,” says Taylor, who is married to Willie’s owner Bill Taylor. Her aim: Call attention to the plight of small-business people and others “being squeezed between the needy and the greedy.”

The exact elements in the piece aren’t determined yet.

Taylor, who has painted more than a dozen local murals, says she mulls over a planned piece of art until she comes up with an “epiphany.”

“I’ll go to bed,” she says, “and wake up with the whole mural in my head.”
Sweet spot 

Are cupcake sales countercyclical?

Christee Owens doesn’t know about that. But her business – Icing on the Cupcake – keeps growing during tough times.

A first shop opened in Rocklin in 2007. A second location, in Folsom, started up in July.

A third site – at 1121 Alhambra Blvd. in east Sacramento – opens next month.

“It wasn’t our plan to open (another store) quite so quickly,” says Owens, who founded the business and now has two partners. “But the (location) was ready and so were we.”

At $3 apiece, Icing’s confections aren’t cheap. But, Owners says, customers are willing to pay a little extra for cupcakes made from scratch.

“Once people have a taste,” she says, “they keep coming back for more.”
Local angle A boutique Sacramento law firm was a key player in the recent sale of a Sausalito business to Scholastic Corp., the big publisher of educational books.

The Bay Area company, Math Solutions, received an unsolicited acquisition offer from Scholastic and needed legal advice. The attorneys handling its labor issues recommended Business Law Ventures of Sacramento.

Brent Lawrence, BLV’s founder, says the deal wasn’t huge; the sales price was about $10.7 million.

But he says he and new partner Douglas Bosley liked the challenge of negotiating deal points across the table from a Scholastic team that included international law firm Baker & McKenzie and accounting giant PricewaterhouseCoopers.

“We wanted to make sure,” he says, “that the big boys didn’t take advantage of our little client.”

Read more: http://www.sacbee.com/2010/09/28/3061295/bob-shallit-sacramento-coffee.html#ixzz10stVR332    

Enhanced by Zemanta 

Kevin Johnson picks Texan to manager Sacramento Art Project

By Edward Ortiz
eortiz@sacbee.com
Published: Thursday, Sep. 23, 2010 – 4:21 pm
Last Modified: Thursday, Sep. 23, 2010 – 4:55 pm

Mayor Kevin Johnson has tapped Austin, Texas, resident Deborah Edward as Project Manager of his For Art’s Sake initiative.

Edward, an experienced arts consultant and academic, will assume the project manager position in mid-October. She will earn $95,000 managing the secondary phase of the For Art’s Sake initiative, which Johnson started in June of 2009. Edward’s salary will be donated by private donors, said Joaquin McPeek, spokesperson for the Mayor’s office.

“Edward is an exceptional fit for the project manager position, which attracted nearly 250 applications locally and nationally,” said McPeek.

The first year of the initiative is expected to cost $125,000, including the cost of the Project Manager position. The details of who will donate the funds for the position will be announced on Nov. 12.

The initiative was created to address such issues as how to raise funds for arts groups in the region and how to bring more visibility to the region’s arts activities. The first phase involved a year-long round of meetings that resulted in the creation of a four-year plan.

In Austin, Edward was a consultant in a two-year cultural planning effort that resulted in the “CreateAustin” plan, which focused on helping Austin’s creative community flourish. She was instrumental in establishing an arts education initiative by supervising a team of graduate students from the LBJ School of Public Affairs. She was also founding director of Greenlights for NonProfit Success, a regional nonprofit management support center for Central Texas. Her work in the arts includes consulting with museums in California, the Czech Republic, Russia and Texas on issues of museum education, governance, fundraising and planning.

Edward holds a Ph.D. in Education Psychology from the University of Texas at Austin, and is a Fulbright Fellow. She has been on the faculty of the LBJ School of Public Affairs at the University of Texas at Austin for the past three years.

As project manager, Edward will report to Johnson and will work with Mondavi Center executive director, Don Roth, and Western Health Advantage CEO Garry Maisel, who are co-chairs of the For Arts’ Sake initiative.

Read more: http://www.sacbee.com/2010/09/23/3052398/kevin-johnson-picks-texan-to-manage.html#ixzz10PBLbU7a

Enhanced by Zemanta

Mandatory retirement was enforced on some California state workers

By David Siders
dsiders@sacbee.com
Published: Tuesday, Sep. 21, 2010 – 12:00 am | Page 3A
Last Modified: Tuesday, Sep. 21, 2010 – 9:15 am

An obscure law requiring many state employees to retire at age 65 was enforced by at least one department long before the administration on Friday declared it discriminatory and ordered officials not to enforce it.

It is unclear how many employees were forced to retire. Gov. Arnold Schwarzenegger’s office suggested Monday they may be reinstated.

“The past retirements are going to need to be considered on a case-by-case basis,” Schwarzenegger spokesman Matt Connelly said. “But the administration continues to believe that if someone was forced to retire based only on their age, then they should be allowed to return to work.”

The California Department of Consumer Affairs this month told 23 employees to retire by the end of the year, saying it had overlooked a law requiring retirement at age 65 for business inspectors and other civilians reclassified by the Legislature as safety employees in 2004.

The safety designation, in addition to imposing mandatory retirement, conferred more lucrative retirement benefits.

Schwarzenegger called off the order Friday. But at least one other agency, the Department of Housing and Community Development, had already enforced it, apparently for reasons unrelated to the law.

Department Deputy Director Kim Strange said in a January 2009 memorandum to employees that “we find that the current revenue situation leaves us with no other alternative at this time than to enforce mandatory retirements.”

The department did not return telephone calls for comment.

Dennis Dougan, 65, said he was forced to retire in June from his job as a building inspector.

“I just went out and did my job – more than my job – and got canned,” the Watsonville man said. “Nobody ever said anything about, ‘Hey, guess what? When you’re 65 …’ It wasn’t even an issue when I got hired.”

Department of Personnel Administration spokeswoman Lynelle Jolley said the department is trying to determine how many employees were forced to retire before Friday’s reversal.

Kasey Clark, chief counsel for the California Statewide Law Enforcement Association, said that “over the past couple of years we’ve had contact from a handful” of affected employees. He said, “We’ll just have to see what the Legislature wants to do with this.”

The governor’s Cabinet secretary, Scott Reid, said in a letter Friday that the mandatory retirement age had not been uniformly enforced and is “simply discriminatory on its face.” He said that, if necessary, the Legislature should be afforded an opportunity to repeal it.

California Highway Patrol officers still are subject to mandatory retirement at age 60. Federal law allows the imposition of mandatory retirement ages on police officers and firefighters.

Read more: http://www.sacbee.com/2010/09/21/3044266/mandatory-retirement-had-been.html#storylink=omni_popular#ixzz10DIUHZMw

Enhanced by Zemanta

Bad FICO score? How to boost it

If you’re thinking about buying a home, you know it’s more
important than ever to have a high FICO score. Several
components make up your score. What steps would you take to bump
it up? How would you even know where to start?

Read the full story:
http://takeaction.realtoractioncenter.com/ct/47AK8Md1HUvV

Enhanced by Zemanta