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Those headquarters, which will be completed next year, will most likely carry the Wells Fargo tag. Local officials say that with current uptown vacancy rates of just 1.1%, according to the real estate services provider CB Richard Ellis - by far the best in the nation - even if the building's 1.3 million square feet went empty, the city would still be comfortably ahead of the national rate of 13.6%. Figures from the local chamber of commerce hold that even without Wachovia's contribution, Charlotte will remain the nation's second largest banking center behind New York; $3.3 trillion in assets...
According to Garrett Alexander, the Mecklenburg County assessor, there are 926 new or expanding businesses in Charlotte through the first three quarters of this year, compared with 898 at the same time in 2007. Retail vacancies are at 5.9%, the lowest rate since 1988. There were 9,552 new jobs created, though that marked a 15% drop from the same period last year...
...coming nuclear winter. (He figured a reserve of cash would help LinkedIn buy up companies during the downturn.) All in all, the company has raised $100 million, boasts a $1 billion valuation, and last week signed up its 30 millionth member. (A spokesman told me the sign-up rate has escalated of late and now includes one new member per second...
Rhode Island's unemployment rate is at 8.8%, the highest in the country and well above the national average of 6.1%, according to the most recent data available from the Bureau of Labor and Statistics. But Rhode Island's situation is hardly unique as the effects of the nation's economic downturn gather pace amid the ongoing financial turmoil. Twenty-one states have unemployment rates above the national average, with Michigan and Minnesota showing rates near Rhode Island's to make up the top three. Unemployment figures are certain to rise when the bureau releases its next set of figures...
...which would ban gambling on dog races across the state —presents a number of arguments against the initiative. It reminds readers of the thousand jobs tied to dog racing within state borders, disputes the claim that dogs are mistreated under current sport regulations and cites a rate of fatality below one percent for the state’s 2066 racing greyhounds in the past calendar year. With a few exceptions, the many arguments advanced by MAIC against Question 3 are compelling ones. More convincing, though, is the argument they don’t make. MAIC?...