June 14

State economy in mostly positive territory, as expected

first_img Published: July 15, 2016 • By Elizabeth Lock Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Categories:Business & EntrepreneurshipNews Headlinescenter_img The Colorado economy continues to expand, outperforming the U.S. economy, but at a slower pace than seen in 2014 and 2015, according to a midyear economic update released today by the University of Colorado Boulder’s Business Research Division (BRD) at the Leeds School of Business.Employment in the state was up by 2.4 percent year-over-year in May 2016. A total gain of 62,000 jobs in Colorado is expected for 2016, nearly reaffirming the estimate given in December at the BRD’s 51st annual Business Economic Outlook Forum. However, the sources of that growth among the state’s sectors have slightly shifted from expectations with some areas performing better than others.“Our original forecast for 2016 is similar to what we’re in fact seeing, but there are some sectors that are doing better than we anticipated and some that aren’t doing as well,” said economist Richard Wobbekind, executive director of the BRD, which prepares the midyear outlook. “There’s been more growth in government jobs and leisure and hospitality than we’d anticipated. And we certainly are seeing significant flows of venture capital particularly into software and applications-types of areas.”Wobbekind also noted both commercial and residential construction is strong, as well as manufacturing and information, which includes publishing and telecommunications.“We’re really seeing job growth across the board, except for the natural resources and mining sector,” he said.Wobbekind recently met with Colorado Business Economic Outlook steering committee members, who represent the state’s major economic sectors, for the midyear update.Sector highlights:Agriculture: Low commodity prices and a decline in exports in 2016 continue to affect Colorado farmers and ranchers. Drought conditions have moderately abated.  Natural resources and mining: The number of seasonally adjusted jobs in this sector has been decreasing since January 2015. With 26,300 jobs in May 2016, the industry has experienced a 16.8 percent decline since May 2015.Construction: Although employment in the industry has grown steadily since the beginning of 2012 and sits at 158,300 as of May 2016 – up from 147,800 jobs in May of last year – the number has not reached pre-recession levels.Manufacturing: Employment in the sector surpassed committee estimates in 2015, but is underperforming against expectations for this year. Employment in the sector totaled 143,300 jobs in May of 2016, up from 140,700 around the same time last year.Trade, transportation and utilities: Holding steady, the sector increased in employment by 1 percent through May after experiencing a 2.9 percent increase, or the addition of 12,400 jobs, in 2015. The sector currently employs 448,900 people and accounts for 17.3 percent of statewide employmentInformation: Total employment in May 2016 was 71,800 jobs, or 36.6 percent below the peak reached in 2001, but up by 1.8 percent year-over-year.Financial activities: Overall employment has seen a modest gain of 3,500 jobs year-over-year through May. The real estate, rental and leasing sector grew by 7.5 percent in the same period, indicating growth in the housing industry.Professional and business services: Year-over-year growth in May 2016 was 2.2 percent, an 8,700-job increase, bringing the sector total to 405,700 jobs. Among the sector’s three subsectors, professional, scientific and technical services accounted for 51.2 percent of total employment in the industry in May 2016.Education and health services: Total employment in the sector was at 321,000 jobs as of May 2016, a year-over-year growth of 3.1 percent. Accounting for nearly 88 percent of the sector’s employment, the areas of health care and social assistance grew by 7,300 jobs year-over-year in May, continuing a steady growth trend.Leisure and hospitality: The sector grew by 5 percent in jobs year-over-year as of May 2016, or 15,500 jobs.Government: Through May 2016, the sector is 7,000 jobs, or 1.7 percent, above the committee estimate, which was 418,200 jobs total.International trade: Colorado exports were down by 11.1 percent year-over-year in April 2016. The state’s top-five import markets in order are Canada, Mexico, China, Japan and Malaysia. Malaysia replaces the Netherlands, which held the No. 5 spot at midyear in 2015.For the complete Colorado 2016 midyear economic update visit the Business Research Division page.last_img read more

March 2

Ed Clark named 2020 recipient of prestigious Buddy Shuman Award

first_imgEd Clark, who retired this season after 25 years as president of Atlanta Motor Speedway, was honored Tuesday as the 2020 recipient of the prestigious Buddy Shuman Award.Ed Clark, left, receives the 2020 Buddy Shuman Award from friend and former NASCAR President Mike Helton. | Special to NASCAR.comClark spent the majority of his career with Speedway Motorsports Inc., joining the company in 1981 after beginning his career at Bristol Raceway (now Bristol Motor Speedway). He worked in public relations at Charlotte Motor Speedway before shifting to the Atlanta venue in 1992, first as the track’s general manager and three years later, as its president.“I cannot think of anyone as deserving as Ed Clark to be receiving the Buddy Shuman Award for 2020,” said Mike Helton, former NASCAR President and longtime friend of Clark. “Everyone in our sport knows Ed and his solid character. This award will hopefully contribute to thanking him for his many contributions over nearly 50 years that have made the sport better for NASCAR, our competitors, but most importantly, our fans.”The award, now in its 64th year, recognizes individuals and organizations whose efforts and contributions helped advance the sport of stock-car racing. It is named for pioneering driver Louis Grier “Buddy ” Shuman, who perished in a hotel fire in 1955.Shuman was one of NASCAR’s earliest stars, both a talented driver and pioneering technical inspector — and above all, a beloved member of the racing community.Clark’s recognition marks the fourth consecutive year that the award has been presented to a track operator. Other recent winners include Dover Motorsports’ Denis McGlynn (2019), Talladega Superspeedway’s Grant Lynch (2018) and NASCAR Hall of Famer Bruton Smith of Speedway Motorsports (2017).While at Charlotte Motor Speedway, Clark was part of the team that helped launch the inaugural NASCAR All-Star Race. He delivered the command to fire engines for the 36th annual All-Star Open this year, which marked the invitational event’s first running at Bristol Motor Speedway.last_img read more

January 17

Change in demeanor turns things around for NU libero Jennifer Nierva

first_imgJennifer Nierva. Photo by Tristan Tamayo/INQUIRER.netMANILA, Philippines—National University maintained its place in the race for a Final Four spot in the UAAP Season 81 women’s volleyball tournament and a large part of that is thanks to young libero Jennifer Nierva.The Lady Bulldogs fended off Adamson University, 28-26, 30-32, 25-21, 25-22, on Sunday to keep their hopes alive for the semifinals with their 3-7 record giving them a mathematical chance of entering the grand ball.ADVERTISEMENT Khabib Nurmagomedov doubts Conor McGregor’s retirement is for real Nierva did display her calmness on the court with 44 excellent digs and 33 successful receptions leading the Lady Bulldogs to break their three-game skid.“My goal before the start of the game is to be the source of positivity, the source of energy, the source of happiness,” said Nierva, 19. “Since I’m the libero, I have to be stable.”Sports Related Videospowered by AdSparcRead Next ‘Duterte legacy:’ Gov’t boasts achievements so far Tim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’ LATEST STORIES Don’t miss out on the latest news and information. Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Phivolcs: Slim probability of Taal Volcano caldera eruptioncenter_img Nierva said that even though she’s a rookie, her team relies on her to bring the stability on and off the floor.After NU’s three-set loss to De La Salle, 25-20, 25-18, 25-10, Nierva left the playing floor in tears, but she changed her demeanor heading into the match against the Lady Falcons.FEATURED STORIESSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissSPORTSCoronation night?SPORTSThirdy Ravena gets‍‍‍ offers from Asia, Australian ball clubs“After that, I thought to myself that I had so much drama,” said Nierva in Filipino Sunday at Mall of Asia Arena. “I said that I should’ve never cried after our loss and I should always be happy and enjoy the game.”“If I have that kind of demeanor, the happiness will eventually translate to the game because if I’m overly emotional you’ll limit your performance and you won’t play at the best of your abilities.” Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Sarah Geronimo’s ‘Tala’ enters Billboard’s world digital song sales chart MOST READ P260,000 each in aid to displaced Marawi folk released by US Sarah Geronimo’s ‘Tala’ enters Billboard’s world digital song sales chart Comelec assures no disruption in operations with retirement of execs View commentslast_img read more

December 26

Air show to honor pioneer

first_imgCAMARILLO – Aviation pioneer Dick Rutan will be the grand marshal of this weekend’s Camarillo Air Show, which will feature aerobatic performances, airplane rides, music, classic cars and pancake breakfasts. The theme of the 26-year-old show is “Where the Future Encounters the Past” and the event pays tribute to the 30th anniversary of the Camarillo Airport as a general-aviation facility. Rutan made history in December 1986 by flying around the world nonstop and unrefueled in the Voyager aircraft designed by his brother, Burt. The Voyager, which is now in the Smithsonian Institution’s National Air and Space Museum, was built in Mojave. Dick Rutan made the historic flight with Jeana Yeager, taking off and landing at Edwards Air Force Base. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREFrumpy Middle-aged Mom: My realistic 2020 New Year’s resolutions. Some involve doughnuts.The weekend show features military aircraft from the past, including World War II Mitchell B-25 bomber. There will be aerobatic performances in unusual and distinctive planes, including the Czech-built Zlin 50, the Red Bull MiG-17 and the Pitts Biplane. A pancake breakfast will be hosted at 8 a.m. each day by the Ninety-Nines, an international organization of female pilots. The Camarillo Air Show is sponsored by Chapter 723 of the Experimental Aircraft Association, comprised of 250 Ventura County residents.last_img read more

December 19

Harnessing African intellectual property

first_img9 June 2008A key report launched at the World Economic Forum on Africa last week shows that effective IP (intellectual property) strategies can raise African producers’ incomes by up to 320%, compared with traditional aid models, which raise incomes by only about 1.6% a year.Called “Distinctive values in African Exports: How intellectual property can raise export income and alleviate poverty“, it was produced by an organisation called Light Years and funded by the Department for International Development in the United Kingdom.“In sub-Saharan Africa, something quite new is happening with intellectual property,” the report states, adding that intellectual property is increasingly being used in business strategies to boost the export incomes of large numbers of African producers.Light Years IP studied 14 product sectors, had found that these sectors have the potential to increase export income from US$1.1-billion per year, to between $2.5-billion and $3.5-billion per year.If applied properly to sub-Saharan exports, which earn an estimated $9-billion per year, these strategies would increase the export income in this region to between $20-billion and $27-billion per year.Intangible valueThe report notes the dramatic increase in the intangible value of products over recent decades, finding that this has now overtaken the physical value of products as the main source of corporate income.Now, with the value of intangible assets at the top end of the value chain, intellectual property strategies are more important than ever.The report states that Africa could develop business strategies with IP built-in when exporting to developed country markets where value is dominated by IP, arguing that at the moment, “valuable returns from IP are being captured in the importing country and not in the African country of origin”.Up to now, the authors argue, strategies for export development in Africa have relied too heavily on increasing the production of commodities and establishing new processing or manufacturing plants.This has put African countries in “intense competition” with other developing countries that are also increasing production and manufacturing.The report outlined a number of areas where African countries could receive more of the value from their products. For instance, Ethiopian coffee, it says, is recognised as being among the best in the world.“However, the significantly high retail prices for these coffees were being enjoyed by foreign coffee distributors and retailers, while the producers were compensated at very low levels – around five percent to 10% of the retail price.”Kuapa KokooIn one sign of success, the report pointed to a successful IP-based business strategy initiated by cocoa farmers in Ghana.A cooperative set up called Kuapa Kokoo – which in turn helped to establish the Fairtrade chocolate marketing company Divine Chocolate Ltd – now brands its product, which is becoming well known in developed country markets and allowing the producers to receive a major share in the brand and a significant share in the profits.When it came to modern technology, the opportunity for trading on more equal terms was now better for Africa, says Light Years IP chief executive officer Ron Layton.“Transmission of digital products has dramatically levelled the playing field for Africa, a change unprecedented in world trade.”More than 800 participants from around 50 countries engaged with each other in the 18th World Economic Forum on Africa, which ended last Friday.Source: BuaNewslast_img read more

December 9

Enterprise-wide Analytics: There is no recipe

first_imgWith the ubiquity of the Internet, more and more data is in the hands of people. This democratization of data can bring with it the power to make better decisions and for businesses to be more competitive, but only if you know what to do with that data.At Intel, our theory is that you don’t have to be a data scientist with an advanced degree to be able to benefit from or participate in advanced analytics. We are training employees in the concepts of advanced analytics, and earlier this year we released a white paper, Broadening Access to Advanced Analytics in the EnterpriseOpens in a new window, about this program.Since writing that paper, I find that I am focusing more on teaching the basic course to functional work teams than I was previously. This team-coverage approach gives these teams a shared conceptual approach to business problems, and the result is that more of them are getting closer to using advanced analytics on a daily basis.I believe that if you educate your employees on the concepts and vocabulary, it empowers them to understand the value of advanced analytics and to be able to work with data scientists and contribute to the analytics. Just being able to frame a business issue as a data mining problem can be half of the work, and with the proper training in the basic concepts, many people can learn to do this.Leading your team into data analyticsSo what’s the recipe for fostering advanced analytics in your organization? Unfortunately, there isn’t one.However, a solid first step is to make sure that the value of advanced analytics is understood at every level of the organization. The paper Strength in Numbers: How Does Data-Driven Decision making Affect Firm PerformanceOpens in a new window says that the use of data analytics leads to reliable increases in productivity and output. From this (and other sources) I conclude that your data and analytics are your competitive advantage, whether you manufacture widgets, fly airplanes, or whatever.Next, dispel the myth that advanced analytics is too advanced for mere mortals and that only PhD data scientists can contribute to it. Many people think about advanced analytics and they immediately invoke the words big data and think of a galaxy’s-worth of data on a room-sized supercomputer. In reality, the size of the data most business users work with is in a spreadsheet on their laptop.You want everybody to participate in the analytic process, at least a little bit. Some will naturally pursue more training, and you’ll still need data scientists. The goal is an organization made up of workers who see the value of advanced analytics and who understand how to frame business problems in terms of analytics. It is within this organization that advanced analytics will be applied to decision making in a way that creates sustainable competitive advantage.Are you fostering advanced analytics in your organization?Intel values advanced analytics. I’d love to hear from other people who are thinking the same way at other companies and maybe going down a similar path. What do you think about this idea and approach? What are you doing in your organization differently, the same, or better? Let’s compare notes and see how we can learn from each other!-AsokaRead additional blogs from Asokalast_img read more

November 27

Surat-based diamond trader bids Rs 1.48 crore for Modi’s suit

first_imgBarack Obama, PM ModiBidding for Prime Minister Narendra Modi’s controversial pin-striped bandhgala suit intensified on Thursday with a Surat-based diamond trader offering Rs 1.48 crore.Surat-based Mukesh Patel enhanced his bid to Rs 1.48 crore from Rs 1.39 crore he had offered previously.Earlier Bhavnagar-based Ship-breaker Komalkant Sharma had offered Rs 1.41 crore.Patel’s bid is the biggest so far, Rs 27 lakh more than Wednesday’s highest of Rs 1.21 crore by textile trader Rajesh Juneja. Earlier in the day, Global Modi Fan Club’s Rajesh Maheshwari, also from Surat, had made a bid of Rs 1.25 crore. There were four other bids of less than Rs 1.21 crore for Modi’s suit.As the monogrammed bandhgala, which according to some reports is worth Rs 10 lakh, hogged all the limelight at the auction, initially there were few takers for the humble Cricket Australia T-shirt gifted to Modi by bowling great Brett Lee which attracted bids ranging between Rs 1500 and Rs 2000.Towards the evening a BJP MLA from Surat and a city-based businessman made two separate bids of Rs 1.11 lakh each for the football world cup jersey and cricket Australia T-shirt gifted to Modi.Harsh Sanghvi, MLA from Surat’s Majura assembly seat, said he will donate the FIFA World Cup T-shirt to a team of blind sportspersons if he won the bid.”I have made a bid of Rs 1,11,111 for the FIFA T-shirt that was gifted to Prime minister Modi during his visit to Brazil after football World Cup last year as I want to donate it some blind people’s team either of cricket or football,” Sanghvi told PTI.advertisement”I have preferred the sport T-shirt over other items as I am young and want to encourage the youth of my constituency who are pursuing a career in sports. This will surely encourage them,” added Sanghvi.last_img read more

November 18

Hardik Pandya will get better with experience: Irfan Pathan

first_imgHardik Pandya’s hair style and hair colour undergo periodic changes. When the all-rounder is winning games, it’s seen an extension of his personality that also gets him on magazine covers.On days when the runs and wickets dry up, the pink and blue hair is seen as the culprit. The Baroda all-rounder has never been apologetic about his taste for fashion. Something he manages because his clean hitting with the bat makes an equal statement.But Hardik’s inability to win games and find the boundary in the ongoing Indian Premier League season, also compounding Mumbai Indians’ (MI) middle-order woes, are now clearly popping up.For all his six-hitting prowess, he has only managed 111 runs at a strike rate of 112 which dips further when facing seam bowling.Now into his second international season, opposing captains know what not to bowl against Pandya Jr spin. Hardik did not have an answer against Sunrisers Hyderabad’s crafty Rashid Khan this season, against whom he played out a maiden 17th over, taking the onus of chasing 40 runs of the three overs left before falling to seamer Siddarth Kaul.Is Hardik unable to cope with second season blues? or has his batting being dissected by bowlers? We pose the question to Irfan Pathan, who had faced a similar challenge.”Good and bad performance is a part and parcel of international cricket. Hardik will get better with more experience. What I have learnt from my seniors is you should have a willingness to learn. It may happen, if you try to learn too much, you may run the risk of over-thinking. But the knowledge bank keeps growing, he tells India Today.advertisementHardik does have 11 wickets to his name in the seven IPL games this season. He also played his part as the fifth bowler in the Test series in South Africa after his batting failed to kick on following his 93 run innings in the first Test at Cape Town.It is because of such counter-attacking knock’s and his hundred on Test debut in Sri Lanka that got some to hail him as the next Kapil Dev. It’s a burden most upcoming Indian all-rounders learn to live with.”Look Kapil Dev happens once in a lifetime; someone who can bat and bowl and lead and carry his team along. In today’s age of social media, conventional media, you are under the spotlight all the time.”You have to learn to handle the pressure. The better you handle it, the better it will get for you. I am sure Hardik’s support system will be helping him deal with it,” he says.last_img read more

October 28

10 months agoWest Ham, Crystal Palace battle to convince Bayern Munich striker Wagner

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say West Ham, Crystal Palace battle to convince Bayern Munich striker Wagnerby Paul Vegas10 months agoSend to a friendShare the loveBayern Munich striker Sandro Wagner continues to field offers from across Europe.Having found himself on the outer of Bayern coach Niko Kovac’s plans this season, Wagner has fielded interest from Schalke, West Ham and Crystal Palace.But for the moment, Wagner wants to battle it out at Bayern.”Every time I come to Säbener Strasse, I know why I’m doing it. This is my club, since childhood,” he declared.Wagner, 31, is tied to Bayern until 2020. last_img