Saturday Surfing – 8/29/2009
What’s going on this week?
It’s been a long while since I published a Saturday Surfing post – so what do I have for you this rainy start to the weekend?
More about Carlo’s…
- Minyanville.com had a segment asking “Can the Cake Boss Save Hoboken’s Economy?” – Makes you wonder: Will Carlo’s success transfer to other local businesses and real estate? Me thinks not many people would move to Hoboken and spend money just because of cake. But you never know.
- While news blog The Faster Times does a feature story on Avi Ohring’s Mangia Hoboken! Food Tour, which includes Carlo’s Bake Shop as well as many other Hoboken establishments.
- One Hoboken411 reader send this link from CNET in – and might be worried about the general vagueness and ambiguity in this newly proposed bill that will give the U.S. Government “Emergency Control” over the internet. Do they leave it wide open so they can shut certain sites down, and crush our right for free speech?
- The Post-American World. Another reader wonders why Obama is reading this book. Is that for real or a photoshopped picture?
Are we really “in the tank” for a long time?
One Hoboken411 reader thought this segment on Yahoo! Finance might be of interest.
Retail “expert” Howard Davidowitz says while market has been slowly rising, along with the latest consumer confidence index – that our country is facing more desperate times. He suspects “hundreds of thousands” of store will be closing, that consumers have less buying power (i.e., “we took a pay cut”), will be saving more – and that “fundamentally” the country is in terrible shape.
He indicates that not only will countless stores be closing, but entire shopping centers as well.
Davidowitz added that there are “always bright spots,” and that certain sectors will succeed. He noted Kohl’s as well as discount 99-cent stores are doing quite well – along with drug store chains (CVS, Walgreens) and certain grocers will hang on during this rough economic climate.
Do you really think we going to be screwed for this long?
Stay dry this morning – and enjoy the cooler weather!! Bring on the Fall!