Dr. Eschker and his dedicated group have published their Economic Index for September. They found that in September Hospitality, Lumber, Employment , and manufacturing orders were up, while Home Sales, Retail, unemployment claims, building permits and “help wanted” advertising were down.
AIR- Redding gets a grant. Redding has been awarded a $450,000 grant from the Dept of Transportation in the form of a revenue guarantee to help SkyWest defray the cost of replacing their current turboprop (Embraer Brasilia) service with Canadair Regional Jets, according to the Redding Searchlight Record. The grant requires a $50K match and does NOT guarantee that jets will return to Redding but is a necessary first step in that direction. SkyWest recently pulled out of Modesto and is discontinuing service to Chico in December.
RAIL-HSR is on the way. The California High-Speed Rail Authority took the first step toward actually buying trains, opening bids for a billion-dollar contract to build trains and maintenance facilities. Siemens, which has a location in Sacramento, will be among the bidders, and interest from Chinese and Japanese manufacturers is expected to be strong. The specs are that the trains must be able to deliver passengers from San Francisco to Los Angeles in three hours. If Siemens prevails, the economic benefits to the Sacramento area would be substantial.
MORE RAIL– The Economist reminds us that HSR is nothing new, in fact it’s been around for 50 years, just kinda slow in coming to California. Fifty years ago this week the Osaka-Tokyo line commenced operations and has “since whisked 5.6 billion passengers across the country without a single serious accident. Punctuality? The average delay is less than a minute.” Japan’s HSR, at 200 mph, is actually pokey compared with China’s Shanghai maglev (430 kph) or the maglev being developed to update the Tokyo-Osaka run to a speedy 500 kph, about an hour’s time. This will cost $47B, but the Japanese have a government that is willing to invest in infrastructure.
STILL MORE RAIL– Closer to home, a three-judge panel of the 1st District Appellate court found that the North Coast Railroad Authority and its partner the Northwestern Pacific Railroad can expand freight service without further environmental review. Specifically, the panel found that freight rail traffic is interstate commence and not subject to the California Environmental Quality Act. The envronmental groups that brought the suit, Friends of the Eel River and Californians for Alternatives to Toxics, had not announced at press time whether they would appeal. The NCRA’s next step is to raise $5M to rehabilitate the tracks between Windsor and Cloverdale and to recruit customers for the freight service between Napa and Windsor which currently runs twice a week.
Here are some factoids with which to tickle your brain.
TOURISM- As the HSU survey in our last post pointed out, tourism stats are down in Humboldt County. However, our friends in Redding are feeling the same pain, according to the Searchlight -Record, no link available. Isn’t it puzzling or are tourists staying away because of the drought and fires?
CHINA- University of California officials have made no less than 20- that’s TWENTY- trips to China so far this year to woo Chinese students with their lucrative out-of-state tuition payments. Oh, yeah, they’re smart too. And haven’t fried their brains on drugs.
APPLE- now has 2500 workers in their Elk Grove location which started as a distribution center but is now hiring folks who wouldn’t know what a forklift looks like. 89 current vacancies, including one for “Mandarin Team Manager”.
100 OBJECTS- The State of South Carolina, which has imho the slickest tourism of any state, is sponsoring a promotion of “100 Objects” in Orangeburg County ranging from battlegrounds, old schools, gravestones, gardens etc. It’s sort of like “101 Things To Do on the North Coast” combined with a historical scavenger hunt. Any community could adopt this promotion except we’d have to lose the bland word “objects”. “Prizes?” “Treasures?” OK, I can see why they settled for “objects”. Still a good gimmick for a promotion.
SHERLOCK HOLMES- the stories by A Conan Doyle have fallen into public domain. Those of you who always thought you had a future writing screenplays, have at it.
OBAMA- one of his biggest financial supporters is the CEO of COSTCO.
OLIVES- due to the drought, this year’s olive crop is going to be down 45% from last year. Martini drinkers might want to stock up bigtime.
OYSTERS- Rumor has it that a major Marin County oyster producer will start operations in Humboldt Bay.
That’s all, folks, for this week. Stay safe and far away from the fires.
A new law just signed by Governor Brown (AB 2486) and effective immediately allows wine and cider tasting at Farmers’ Markets under the following conditions:
-The wineries (or cideries) must grow ALL the fruit in their product
-Only one winery can hold tastings on a given day
-Each Farmers’ Market can determine whether to hold testings
-The tasting area must be cordoned off
-Samples are limited to 3 ounces of wine or cider per adult customer.
The bill, which was authored by Assemblyman Mark Levine, D-San Rafael, passed both houses UNANIMOUSLY.
The delightfully named Portia Bramble of the North Coast Growers’ Association reported that Winnett Vineyards from Willow Creek would be a likely participant at the Arcata Farmers’ Market, at least by next season. This is one story which does not seem to have a downside.
Dr. Eschker and his hardworking crew doing their usual outstanding job. Here it is.
You may feel that you’re being bombarded by economic indices. That’s because the Times-Standard wrote up the MARCH index just a few days ago, when the April index was about to come out. That’s okay. They’ll get the hang of it.
For the April index, click HERE. Housing sales and prices are creeping up but of course gasoline prices lead the way. Our thanks again to Dr. Eschker and his crew for their great work.
Dr. Eschker and his hardworking crew at HSU have added another dimension to their Humboldt Economic Index; a specific tracking of the manufacturing sector. That sector, which will likely generate the sought-after high-paying jobs so badly needed to stabilize our Humboldt economy, increased its index by over 30% in the past year. This is huge and shows a very positive development even though not associated with an increase in employment. Enjoy the Index here and many thanks to those who worked on it and the sponsors.
Like most of us, I don’t like crooks. Especially crooks who rip off the deserving. Rip off Larry Ellison? I don’t like it but I’m not going to lose sleep over it. But ripping off a farmers’ market? How low can you get? Really.
Well, it took an elected official to demonstrate how low. A Glendale city councilman is headed to jail for stealing hundreds of thousands of dollars from the local farmers’ market over a number of years. Thank God they caught him but this is one of those cases that makes you start wondering if our justice system hasn’t overly restricted itself. In the words of Gilbert and Sullivan-actually Gilbert-
“My object all sublime I shall achieve in time: to make the punishment fit the crime..”
I don’t know what punishment would fit this crime (a diet of rotten vegetables? ) but your submssions are welcome. We read about scumbags all the time but I know folks who sell at our farmers’ markets and I know how hard they work. Sorry for bending your ear, but this one really got to me.
Well, not literally next door but only a couple of counties over, Archie “Red” Emmerson of Redding was recently reported by Forbes.com as back on their list. His Sierra Pacific Industries, based in Anderson, owns 1.9 million acres or forest in Northern California and Western Washington and his current wealth is estimated at $3.1 billion. At that level it’s hard to keep track of rankings but Forbes placed him at #520 of the 1,645 billionaires on this year’s list of the world’s richest people.
The Emmerson’s have strong ties to Eureka. Emmerson’s late wife, Ida, was a Eureka native and legend has it that they met at the Ingomar Club. He has donated $500K in her memory to Hospice of Humboldt to build a 12-bed facility for end-of-life care, to be located off Timber Falls Court, south of Harris Street. The entire cost of the facility is unclear to me but Hospice’s capital campaign goal is $2.5M and groundbreaking is scheduled for “Spring 2014”, whenever that is. I just drove by the site and it is definitely beautiful and peaceful.
The Emmersons (he has two adult sons) have a pretty spiffy place (click on the thumbnail photo to enlarge) but I don’t have the address and I wouldn’t give it to you if I did. I’m always grateful for any philanthropy in our needy community. Who knows? I may be a customer for that hospice myself, one day. The family has a foundation and I’m sure they give to many worthy causes but if you were trying to figure out what percentage of Mr. Emmerson’s wealth is being given to Hospice, on the back of an envelope, I already did it for you. My calculator won’t accept the right number of zeroes but the way I figure it, $550K equals .0000001 of $3.1B, or .00001%. Please feel free to correct my math- it’s not my strong point.
Obviously, our favorite billionaires are those who, like Bill Gates and Warren Buffet, are leaving their fortunes to worthy causes. Despite the talk about income inequality, the ranks of the super-rich are growing. Forbes counted 1,645 billionaires on its new list of the world’s richest people, up from 1,426 on last year’s list. This concentration of wealth can do a lot of good, or a lot of evil. What do you think?
Our friend Doug Rose has reminded us that he is selling his pond-and-water lilies business in McKinleyville and he’s listing it at only $7K. That’s an awfully cheap price to get into a an enterprise with lots of growth potential. I’ll let Doug tell the rest of the story:
“Seasonal (March-August) pond plant business available in McKinleyville. Established 12 years with good client base and assumable land lease with room for expansion. Facilities are fully developed with 10×12′ greenhouse, automated watering system, sheltered potting area with weed cloth covering all growing areas. Inventory includes 160 mother plant varieties of hardy water lilies with complete history, growing characteristics and graphic displays for every plant. Business consists of wholesale, retail and internet. Must sell by July 4th. $7000 is walkaway price. ” His phone is (707) 839-0588, his cell is (707) 616-0111 and the website is right here. There’s also a video on You Tube
and his email is firstname.lastname@example.org. (Sorry, I’m having problems with links again but the link to the website is good.) If you haven’t met Doug, he’s an amazing person.
Good luck in your new business!