— The conservative Wisconsin Policy Research Institute says a study it requested shows the state’s global warming task force failed to measure the negative economic impacts of its proposals. The analysis was conducted by The Beacon Hill Institute at Suffolk University in Boston. It shows they would result in the loss of at least 49,000 jobs in Wisconsin over the next 11 years. The estimates say the paper industry alone would lose some 5,400 jobs by 2020. See details: http://wpri.org/Reports/Volume22/Vol22No7/Vol22No7.html — Kohl’s Corp. reported that its third quarter earnings increased 20 percent to $193 million, or $0.63 per diluted share, compared to $160 million, or $0.52 per diluted share, a year ago. Net sales were $4.1 billion, an increase of 6.5 percent for the quarter. Same-store sales for the quarter increased 2.4 percent. See details: http://www.businesswire.com/news/home/20091112005145/en — As the H1N1 flu continues to spread, management consultant Ken Wilson says it’s key for companies to be prepared with a response and recovery plan. He says companies need to name a crisis manager and team, develop a clear communications policy and consider changes like tweaks to sick-leave policy or having employees work from home. Companies that plan ahead could wind up with an advantage over competitors that failed to plan. See more in a new BizOpinion column: http://blogs.wisbusiness.com/bizopinion/2009/11/six-reasons-company-needs-pandemic.html TOP STORIES Council sets aside $16 million for Edgewater proposal: After hearing strong public support and protest, the Madison City Council on Wednesday preserved up to $16 million in public assistance for a proposed $93 million redevelopment of The Edgewater hotel in the 2010 capital budget. Wisconsin seen in ‘fiscal peril’: Wisconsin has joined the company of such fiscally troubled states as California, Florida and Arizona, according to a report released Wednesday. The study from the Pew Center on the States shows that some of the same pressures that have pushed California toward economic disaster are wreaking havoc in a number of other states, with potentially damaging consequences for the entire country. Milwaukee, Madison show high-tech growth: The Madison region has been better than any other large metro area in the state at sustaining jobs in a difficult economy, according to a study released Wednesday by the Milken Institute. Research-rich Madison ranked 63rd in the 2009 Milken Institute/Greenstreet Real Estate Partners Best-Performing Cities Index, up from 90th a year earlier. “In a period of recession, the index highlights metros that have adapted to weather the storm,” Ross DeVol, director of regional economies at the Milken Institute and lead author of the report, said in a news release. The Milwaukee metro area finished 151st in terms of its ability to sustain jobs, but along with Madison, it had a strong showing in terms of high-tech growth.
************************************************************ See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler: ************************************************************ TECHNOLOGY (back to top)
BIOTECH (back to top)
ECONOMY (back to top) – Madison moves up to 63rd in best performing cities index – Milwaukee low on Milken ‘best performing cities’ list
– Survey: Almost half expect stimulus to help economy by 2010
MANUFACTURING (back to top) – Oshkosh receives truck order, prepares for Gates visit
LABOR (back to top) – Dairy farmers wrestle with vague employment laws – Survey: Hiring law firms think of bottom line
SMALL BUSINESS (back to top) – Pets get designer digs in shoe-shaped beds – SBA expands veterans’ entrepreneurship program – Out-of-state firms win elevator contest
INVESTING (back to top)
REAL ESTATE (back to top) – Options for Sheboygan’s Blue Harbor Resort include possible sale – Milwaukee home prices dropping
AGRIBUSINESS (back to top) – Rosendale Dairy Ready for Phase II of Expansion Project
TRANSPORTATION (back to top)
RETAIL (back to top) – Rocky Rococo adding Milwaukee-area stores – Marcus Theatres opens Omaha cinema complex
TOURISM (back to top)
UTILITIES (back to top) – Speakers argue against Xcel rate increase – We Energies rate increase to be decided
FINANCIAL SERVICES (back to top) – State does not recognize new rules for Roth IRA conversions
MANAGEMENT (back to top) PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
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