Amish-run reclaimed retail and expired goods stores are thriving

The subject of a hot story put out by The Associated Press is the growing popularity of the Amish version of Family Dollar and Dollar General stores. This story was so hot it was published by newspapers, prime time news stations across the nation, by foreign news, and even by the even Forbes and Business Week.

I guess when we are all suffering an economic period of stagflation any news of cheap goods for a consuming public is a huge event indeed. A stagflation is when the paycheck remains the same while prices of goods and service continually increase. That is providing you are not among the unfortunate whose paycheck was laid off. The importance of the good news can be compared to gas prices being cut by over 50 percent. Yes, it’s true; it’s the day dream of every commuter and believer in the promise of political campaigners.

Amish-run salvage stores are a thriving discount industry tucked away in America’s farmlands. They sell all kinds of goods including food and medicine dirt-cheap. This developing rural economy is drawing a steady stream of non-Amish customers seeking relief from the effects of the current economic recession.

One question that comes to mind is whether it is legal to sell expired goods like food and medicine? Continue reading

Hometown Mother’s Day Weekend

Mom — She’s there to support us, sacrifice for us, give us unconditional love and a big hug – no matter how bad we are!!! The Xenia Merchants and Midtown Merchants Associations join the Greene Co. Dailies in hosting a Hometown Mother’s Day to show our MOMS how much they mean to us on May 8, 9, and 10th. Sidewalk sales will be held by the merchants Thursday through Saturday (weather permitting). Continue reading

Ohio School Board Assoc Endorses Emergency Messaging System For Notifying Staff and Parents

The Ohio School Boards Association announced today its endorsement of Leader Alert, a health and safety alerting product, for the more than 700 Ohio public school districts that comprise its membership.

Leader Alert, the creation of Leader Technologies of Columbus, Ohio, makes it possible for a school to quickly and simultaneously alert thousands of parents and staff by telephone, texting, and email in case of emergencies ranging from lurking predators to snow days.

According to OSBA Deputy Executive Director Rob Delane: Continue reading

Gas prices expected to reach $4 by summer

Gasoline prices could spike at $4 per gallon before summer, a top fuel market analyst says. And that may just be the beginning of super-higher prices.

If the price of oil goes above $130 per barrel, “it puts the $4 gallon apocalyptic national average squarely in the cross hairs as less of a rogue price and more of a routine number,” said Tom Kloza, senior analyst with the New Jersey-based Oil Price Information Service.

After weeks of predicting that national average prices would peak in the $3.75 range, Kloza on Wednesday conceded the $4 possibility after the benchmark price of crude oil set a record, $123.53 per barrel, on the New York Mercantile Exchange.

A year ago, oil was $61.47 per barrel, Kloza noted, meaning its price has more than doubled.

The OPIS/AAA average price in Greater Cleveland and Akron Wednesday was $3.56 to $3.59. The national average price was $3.62. Connecticut was at $3.88; California and Alaska were more than $3.90.

The jump in crude prices Wednesday occurred despite the weekly U.S. Department of Energy report showing an increase both in gasoline and oil stockpiles.

To see the whole story written by John Funk, go to The Plain Dealer Business Blog.

Barco Sales & Profit Growth for 1st Quarter 2008

Barco’s quarterly financial report shows growth in sales and gross profits for the first quarter in 2008 while orders, net profit, and per share earnings were down slightly. Highlights of first quarter operations in 2008 are as follows:

  • The order book at the end of March 2008 amounted to $504.2 million compared to $523 million the previous year. Order intake totaled $308.2 million, down 10.3% compared to the same period in 2007 but up 6.4% versus 4Q07.
  • Sales amounted to $257.5 million, an increase of 5.9%. At constant currencies growth was 14%.
  • Gross profit rose by 3.1% to $98.5 million from $95.6 million the previous year.
  • Earnings Before Interest and Taxes (EBIT) remained flat at $10.1. The EBIT margin was 3.9% compared to 4.2% in 1Q07. Currency evolution cost Barco $5.7 million in EBIT. At constant currencies EBIT would have grown 57%.
  • Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $32.3 million, a margin of 12.6%. In 1Q07 EBITDA was $39.3million, a margin of 12.1%.
  • Net income was $10.3 million, down 12.8% from $11.7 million in 1Q07.
  • Net earnings per share were $0.85 compared to $0.96 for the same period the previous year.

The simulation market had a higher order intake but lower sales in 1Q08. The presentation market saw a decline in order intake but a good growth in sales. The avionics market had a very good growth in order intake and in sales. Total orders totaled $149 million.

EBIT margin was (8.2%), down from (2.5%) in 1Q07, as the gross profit was unable to offset major investments in product development for the simulation and avionics markets.

The above figures were converted from euros to current dollars.

Source: Barco Corporate Press Release, April 23,2008.

XAMA Meeting Thurs. Morning May 1st

Xenia Area Merchants and participants in the upcoming Hometown Mother’s Day weekend festivities will be meeting at 8:00 AM at Express Yourself Coffeehouse, 78 E. Main St. in beautiful downtown Xenia. Stop in for some fresh coffee (latte or cappuccino) and conversation.

Xenia Mural Society Meeting Thurs. Evening May 1st

Xenia Mural Society planning meeting will be held on Thursday May 1 at 6:30 PM. The meeting will again be at the Xenia Chamber offices, 334 W. Market Street. All interested parties are encouraged to attend.

Cost of Government in Xenia, Greene County and Dayton Area

A study of the cost of government was recently published by the City of Fairborn. The total cost of government included real estate taxes, income taxes, school district taxes, plus water and sewer services. The study compared the cost of government in 24 cities and villages in both Montgomery and Greene Counties. Each place was ranked from highest to lowest according to total costs.

The study used current tax rates as well as the water and sewer costs from a 2007 Water & Sewer Rate Survey prepared by Oakwood. Comparisons were based on a home valued at $144,896 for real estate taxes and $57,959 Earned Income for city income taxes. School District Taxable Income was
based on $53,609 with one personal, one spouse, and one dependent exemption.

The chart below represents only the study findings for places in Greene County. Continue reading

Day of Silence Day of Truth

From the The State of America weblog.

LGBT Day of Silence is a day of gay political activism. The Day of Truth is simply a day of counter-cultural political activism. A day of silence would almost be okay if it was about all bullying, all intolerance, and all discrimination, but it is not. What about the harassment of the goofy looking guy with glasses, or the person with a big wart on her neck, or the one with too many ugly pimples, or wimps, or nerds, or those who wear black cloaks and look like gangsters, or all the others who are often harassed because of appearance or speech problem or whatever? Gays are certainly not the only one silenced, harassed, bullied, alienated, or isolated. A lot of kids have been murdered by others kids because of being harassed before and since the Columbine massacre. Why is their not a national day of protest for them? Continue reading

Wal-Mart Hip Charm Key Chain Recall

If you own one of Wal-Mart’s made-in China Hip Charm key chain’s, please stop using it now. Do not allow you children to handle it either. Take it back immediately to Wal-Mary for a refund.

On April 18, the U.S. Consumer Product Safety Commission announced a the voluntary recall. The charms on the key chain can contain high levels of lead, which is toxic if ingested and can cause adverse health effects. The Illinois Attorney General informed Wal-Mart and CPSC that the key chain was found in the home of a 9-month-old child who was discovered to have high blood-levels of lead. The child was observed mouthing this key chain.

The recalled key chain has several charms including a button, clover, leaf, heart and a sand dollar. The charms hang from a silver-colored chain. The words “Hip charm” and UPC (#31568 11017) are printed on the product’s packaging. Wal-Mart stores nationwide from April 2005 through April 2008 for about $6.

For further information, contact Wal-Mart at (800) 925-6278 between 7 a.m. and 9 p.m. CT Monday through Friday, or visit the firm’s Web site at www.walmartstores.com.