Real estate rides into the info age

ANAHEIM, Calif. — “It’s a whole new world.” So rings the theme of the 87th annual meeting and trade exposition of the National Association of Realtors. It’s an apt theme because revolutionary changes hitting every other information-intensive industry are about to hit real estate. Nearly 17,000 people carne here last weekend to participate in business…

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Biotech boom centered in West

The western region of the United States is uniquely positioned to lead a 21st century global revolution in biotechnology. Biotech innovation will drive economic growth. It will change the way we fight disease, grow crops and achieve a clean and safe environment. These are some of the punch lines of Biotech Century Dawns in the Western…

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Manufacturing fancy and facts

Last week speaking at the NAACP convention in Nashville, presidential hopefuls Bill Clinton and Ross Perot addressed economic policy and problems with the national economy. Both wannabees talked about an America in decline and used the “decline” of U.S. manufacturing as one of their indicators. Here’s another example, in the immortal words of Will Rogers,…

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Airline to cities: Don’t ignore us Second in a series

Tourism (including travel), now the world’s largest industry, is dominated by transportation. Transportation accounts for about half the $652 billion spent in the tourism industry in the U.S. last year. From ski boots to souvenirs, travel-related purchases account for 21%. Food (14%), lodging (10%) and entertainment (5%) complete the picture. Though most people travel by…

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Finding an upside in the downsizing

During the past 10 years, Fortune 500 companies have been job killers, not job creators. Since 1980, those large companies have lost more than 3.5 million jobs while small and medium sized companies have created more than 22 million new jobs. However, the downsizing of America’s largest business enterprises has two faces. It’s part of…

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Small businesses need the big guys

Big Business has taken it on the chin in recent years. There have been tales of huge executive salaries, environmental insensitivities and ham-handled dealings with employees and their families as bloated companies cut costs and restructure. Small business news, however, is typically positive. We read about job creation, innovation, and successful forays into growing international…

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Fear industry empties pockets

People are haunted – not by terrorism, but by the threat of terrorism. And the terrorists seem to be winning. We were told last week that American travel to foreign countries is down 70% compared with last year. Travel within the United States is down 60%. Foreign travel to the U.S. is down 50%. We…

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On a clear day, you can see it rot

Rot at the top. The idea that people in leadership positions sometimes lose touch with their ethical and cultural roots is a theme that runs deep in American political and business culture. More than a decade ago, John DeLorean, a tragic example of the problem, wrote a book titled On a Clear Day You Can See…

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