Posts tagged Business

West Lake Landfill: The Myths and the Facts

Garbage and waste are complicated and often controversial topics. It’s important to understand the details and implications of landfill processes before determining the next course of action, and this is especially true a the West Lake Landfill. Despite recent attention and growing concerns, digging up and moving the contents of the landfill is an expensive, potentially harmful process which should not be taken lightly.

For more information regarding this discussion, see the West Lake Landfill YouTube channel.

Senior Care Sector Value Surges

Investors are setting their sights on an interesting industry: senior wellness, housing and healthcare. With businesses and organizations dotting major cities throughout the US, such as Dry Harbor Nursing Home in NYC, buyers are becoming more likely to place their funds in these institutions. According to a Norwalk company specializing in the field, the value of senior wellness M&As has increased by 600% since the last quarter due to two recent multibillion-dollar deals.

The move has brought the sector up to $9.7 billion, the highest it has been in three years. Steve Monroe, managing editor of TheSeniorCare Investor and of The Senior Care Acquisition Report says the increase “illustrates the continued investment interest in the sector and the willingness of buyers to commit significant amounts of capital despite current headwinds.”

“Each of the two largest transactions was more than double the dollar size of the largest acquisition in 2016, so it looks like the large deals are back in vogue,” he added.

Sabra Health Care REIT acquired Care Capital Properties in an almost $4 billion deal, and Hawthorn Retirement Group was acquired by Columbia Pacific Advisors for around $2.6 billion. Other major deals include the sale of Kindred Healthcare to BlueMountain Capital Management, LLC.

 

Pimco Reevaluates Outlook for US Economy

Bill Gross’s Pacific Investment Management Co., or Pimco, recently raised its outlook for the U.S. economy, stating that expansion is likely to be between 2.5% and 3% over the course of the year. At the end of last year, the fund estimated growth of between 2.25% and 2.75%.

According to Pimco, the adjusted assessment is a result of “trends toward growth and spending in the consumer, corporate and public sectors.”

“The global economy will likely experience steady, broad-based growth in 2014 thanks in no small part to the extraordinary expansion in central bank balance sheets in 2013,” said portfolio manager Saumil H. Parikh.

Pimco’s report went on to explain that “rising asset prices in combination with fading near-term fiscal uncertainties will drive global aggregate demand growth forward, adding stability to what has thus far been an on-again, off-again global recovery from the financial crisis of 2008.”

Pimco also reassessed its outlook for the euro zone, now claiming to expect real economic growth in the region to measure between 1% and 1.5%.

“We expect the reduction in fiscal drag in the euro zone periphery will reinforce gradually improving credit conditions to drive aggregate demand growth from well below potential to up toward potential in the year ahead,” Parikh said.

The report also revealed the fund’s expectations for China and Japan in 2014.

 

U.S. Economy on the Rise

Economists estimate that retail sales increased at a faster pace last month, while the U.S. housing market saw some improvement as the economy recovers.

According to the median forecast of economists surveyed by Bloomberg, purchases at retailers rose 0.8%, the highest in four months. May also saw a 0.6% climb. Household wealth and the labor market are both on the rise, leaving Americans less hesitant in their spending. Cars and trucks were purchased at the fastest rate since 2007.

Millan Mulraine of the U.S. rates research at TD Securities USA LLC explained: “The transition from a soft patch to a more sustained rebound is slowly beginning to take shape. The underlying tone of retail sales is encouraging. The positive momentum in housing will continue. Manufacturing has stabilized.”

Jenny Lin of Ford added, “Economic indicators continue to improve.” The “consumer spending growth pace is slowly picking up.”

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Experts Predict Increased Retail Sales in May

Economists believe that sales at U.S. retailers rose in May as the job market looks up and consumer confidence rises to boost automobile, home furnishing and clothing sales.

Experts predict a 0.4% rise, which would be the biggest in three months. April saw an increase of 0.1%, according to a forecast from a Bloomberg survey.

Gap Inc. and General Motors are two companies who have reported significant gains and hiring increases thanks to higher home and stock prices. Other brands who revealed May gains include L Brands Inc., Victoria’s Secret and Bath & Body Works.

Glenn Murphy, Gap chairman and CEO, said: “We are pleased with the positive customer response to summer product across our brands and the continued momentum in the business.”

Ted Wieseman, an economist at Morgan Stanley, explained: “Consumers are not feeling the need to pare back their spending to offset the impact of the tax increases, with confidence in the labor market rising and balance sheets improving.”

In April, payrolls rose by 149,000 workers, and last month saw another 175,000 enter the labor force.

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Zarsha Leo Defies Economic Challenges

Economic turmoil has brought forth many challenges for businesses all over the world. Zarsha Leo, a restaurant-bar franchise based in NY, has managed to avoid many of the pitfalls thanks to its flexible approach and simple appeal.

CEO Evan Burschkopf explains:

“Our services are quite simple, and our appeal undeniable. We offer affordable entertainment and a local getaway from everyday pressure, making us invaluable to communities all over the world. Sure, people are cutting their expenses, but barbeques, beer and sports always make the cut.”

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