Bishop Ranch bounces back from recession, U.S to follow, CEO says State, National, International, posted by Editor, Danville Weekly Online, on Nov 19, 2010 at 4:36 pm
If Bishop Ranch is an economic indicator, the U.S. economy is on the rebound. Sunset Development Co. -- which owns Bishop Ranch -- saw 16 companies go bankrupt in the business park and a number of others delinquent in their rent. Now, there are no delinquencies and no bankrupt businesses, according to Alex Mehran, Sunset Development president and CEO.
Read the full story here Web Link posted Friday, November 19, 2010, 2:56 PM
Posted by Harald A. Bailey, a resident of another community, on Nov 19, 2010 at 4:36 pm
You have now opened the subject of economic development and job creations in our corridor with this feature. One person's opinions are a great start, but our corridor has exceptional resources among corporations, institutions and universities to illustrate the complete story.
Strangulation of government by cost-cutting measures will only insure another recessionary dip and job losses. Stimulus transfer payments that do not equal real growth in profit-making GDP growth will also be recessionary and create job losses.
Let's invite the exceptional professionals of our corridor to explain economic advancement, commercialization and job growth as a balanced cost-control/investment program. Let's have the global corporations and institutions in our corridor characterize our profitability as a global producer.
Posted by CW, a resident of the Blackhawk neighborhood, on Nov 23, 2010 at 9:37 am
Who is this man think he's fooling? The economy isn't better or even getting better.....it's getting WORSE! We have our illustrious president and congress to thank for that! Why should we be surprised? They are all professional politicians who never ran their own businesses but think they are smart enough to run our lives.
Posted by Harald A. Bailey, a resident of another community, on Nov 23, 2010 at 11:05 am
Reality for California, as reported in WSJ, Reuters and other business journals, our economy is truly improving by warranting >50% of new investment capital in new USAmerican industries and technologies. We are retaining and growing our technology companies. We are maintaining taxation near the national average. We are growing jobs and salaries via our technical expertise that support a higher standard of living and offset of tax impact.
We are likely leading a reluctant USAmerica into the value of a global economy by being a Pacific Rim economy as a leading contribution to USAmerican GDP. As a global economy, California has the most immediate ability for growth through service to world markets.
Certainly, as Californians, we can see that which is obsolete in our economy as expendable industries. Traditional automobiles, home building, and more are end-of-life and new technologies and advancements in agriculture, healthcare, energy, communications and transportation are rapidly commercializing in California.
In our corridor we have the leaders of such advancements as residents. Let's invite their viewpoints and perspectives.
Posted by Gary, a resident of the Danville neighborhood, on Nov 24, 2010 at 8:57 am
I don't know about Mr. Mehran's enthusiastic economic observances -- it's certainly not unilateral. It seems he is making his case from a VERY narrow point of view -- bankruptcies in his buildings? I know of two local sets of dear friends, one in real estate, that had to pack up their lives and move out of state in order to try and make a go of it. Lots of my clients may be starting to make a few more dollars, but they are afraid to spend it, afraid we could slip back again as an economy, so they're not spending and putting the money through the system -- they are cutting back orders, stringing out payments, delaying purchases, etc. So, I don't share his unbridled enthusiasm. I see a "mild up-tick" at best right now, hoping it gets better in 2011.
Posted by Mike, a resident of the Danville neighborhood, on Nov 24, 2010 at 10:28 am
Economic cycles are an inherent part of capitalism. This down cycle is so much deeper and longer lasting because the up cycle was built on massive leverage that had to collapse of its own weight. Economic conditions are improving, but conditions have a long way to go because the economy went to the edge of collapse.
One example of the upturn: check out the parking lot at Target any day of the week now. It is packed. Another example: check out the profit reports from Tiffany, Coach, Nordstroms and other high end retailers. They are outstanding.