recession Archives

Don’t Count On The Current Gold Rush Lasting

light reflecting off gold bars
by in Columnist Spotlight | Finance

The recent economic recession forced society to relook at what we consider to be financial norms. What was considered reasonable several years ago is now unjustifiable based on today’s new standard. The comfort of having money in an actual wallet is greater than having a pricey purse to carry it in. It is possible that… Read More →

Nation’s Unemployment Rate Holds Steady

unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August
by in Economy

The nation’s unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August. The U.S. Bureau of Labor Statistics (BLS) reported today that government employment fell as a result of shedding 114,000 temporary workers hired for the Census. Private-sector payroll employment rose by 67,000. “The August jobs report, albeit tepid, does… Read More →

Yoga Studio Is “Blissful” About Expanding And Being Eco-Friendly

Four women hanging upside down in yoga harnesses
by in Featured | Green | Healthcare

Expanding in a recession and going green – impossible? Not for Blissful Yoga in Glendale. The yoga studio is establishing three new studios in the next year while utilizing renewable materials and sustainable designs throughout the company. “In this economy, who knew, right?” says Carrie Clark, the operations manager and a yoga instructor at Blissful… Read More →

The Future Of Shopping Centers


In the U.S. and around the world, the recession is forcing shopping center developers and retailers to re-think the design of the places where we spend our money. Some say the very nature of shopping has changed. Recently the International Council of Shopping Centers held a meeting of its North America Research Advisory Task Force… Read More →

The State’s Economic Forecast For The Rest Of The Year Calls For An Agonizingly Slow Recovery

The State’s Economic Forecast For The Rest Of The Year - AZ Business Magazine Jul/Aug 2010

Ready to heave a sigh of relief over Arizona’s economy? Go ahead — but don’t get carried away. Some observers expect the second half of this year will bring positive signs that the economy is recovering, turning the dial toward even stronger growth in 2011 and 2012. Others aren’t so sure the state’s recession is… Read More →

Despite Hard Times, Companies Continue To Turn To ASU For Executive Education Offerings

Companies Continue To Turn To ASU - Az Business Magazine Jul/Aug 2010

You might think companies designate the development of managers and executives as a low priority as they try to weather the storm of a recession. Though it’s true many companies scale back tuition benefits and send fewer people to executive education programs, most business leaders still are keenly aware they need to develop current and… Read More →

CEO Series: Sharon Harper

Sharon Harper, president and CEO, Plaza Companies - AZ Business Magazine February 2010

CEO Series: Sharon Harper Sharon Harper President and CEO, Plaza Companies Assess the current state of commercial real estate development in the Valley. The commercial office sector is being impacted significantly. Vacancies are on the rise, rental rates are going down. In addition to all those statistics there is also kind of a shadow vacancy… Read More →

The State’s Tourism Industry Puts A Face To Those Hurt By The Corporate Meetings Backlash

The image the word tourism often brings to mind is of fun, sun, and beautiful destinations and resorts. But with the industry under siege last year, those who work in the sector here in Arizona decided it was time to give tourism a new face — that of a relative, a friend, a neighbor, someone… Read More →

The Valley’s Health Care Industry Held Its Own During The Recession And Looks Toward Expansion In The Recovery

In an economic downturn that has plunged Arizona into its worst financial crisis in decades, one sector of the state’s economy that remains vibrant and growing is the health care industry. Consider recent developments driven primarily by population growth: the Creighton University partnership with St. Joseph’s Hospital and Medical Center; the newly opened Cardon Children’s… Read More →

The Worst May Be Past, But The Valley’s Housing Troubles Are Far From Over

When the final tally is concluded and the numbers checked and double-checked, the surprising result will show an almost record year for Phoenix-metro home purchases in 2009. That should produce a sigh of relief to the many who sense the Valley’s residential market has hit bottom and it’s time to look ahead to recovery. Not… Read More →

TREO Is Working To Position The Tucson Region For Post-Recession Growth

The past year was unprecedented in the U.S. economy. As experienced nationwide, the recent credit and housing crises resulted in rapid job losses and extreme economic uncertainty. While the situation at the national and state level is critical, leaders in the Tucson region are working to take our destiny into our own hands, providing leadership… Read More →

Who To Watch: Roy Vallee

by in AZ Business Magazine | Featured | Tech

Roy Vallee Chairman of the Board and CEO Avnet “..we are seeing a bounce-back in IT spending.” –Roy Vallee, Avnet Although it believes its performance was pretty good under the circumstances, Phoenix-based Avnet Inc. chalks up 2009 as a harsh year. Now, Avnet is focused on an improving economy and the business it will bring.… Read More →

Who To Watch: Dr. Jeffrey M. Trent

Dr. Jeffrey M. Trent President and Research Director TGen Since it was founded in 2002, the Translational Genomics Research Institute (TGen) has been helping people with neurological disorders and such diseases as cancer and diabetes through business spin-offs and commercialization of its research. Today, TGen’s president and scientific director, Dr. Jeffrey M. Trent, believes this… Read More →

Who To Watch: John Chan

John Chan Interim Director Phoenix Convention Center Despite a slumping economy, the newly expanded Phoenix Convention Center experienced a phenomenon expressed some years ago in a movie — “If you build it they will come.” Indeed, convention delegates came in record numbers in 2009, attracted by the usual Phoenix amenities, including weather and reasonable prices.… Read More →