The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.
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Contributors
Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.
C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.
John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.
Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.
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LAS VEGAS – I had a close shave here Monday and lived to tell you about it.
During the International Council of Shopping Centers conference, V's Barbershop, a young franchise based in the Greater Phoenix area, had two chairs open for anyone who needed their neck hair shaved. And boy, I had a scruffy neck.
So Mario Herrera, director of barbers, applied the warm creme and scraped my neck with a straight razor.
Meanwhile, Jim Valenzuela, founder and president of V's Barbershop, said the company would sell franchises in the Puget Sound region if anyone stepped forward to meet the requirements. The franchise fee costs $25,000. The royalty fee equals 5 percent of gross sales. The advertising fee equals 3 percent. The total build-out of a shop requires an investment estimated between $194,000 to $386,000, according to company materials.
At a separate booth at the conference, real estate specialists for IN-N-OUT Burger solicited potential new locations for its juicy Double Doubles and other burgers. (One outlet sits just across Interstate 15 from the convention center here.)
Alas, the company, founded in 1948, would not bring one to the Puget Sound region even if we begged and claimed the IN-N-OUT cheeseburger tastes better than Frisko Freeze's burgers. A company representative says you'll have to visit Nevada, California or Arizona to get your fix for the foreseeable future.
Call it a decrease in benefits rather than a rate increase. Either way, Puget Sound Energy electricity customers will see their bills increase by an average of $10.28 per month thanks to a decision announced this morning by the Bonneville Power Administration.
In a letter to seven Northwest utilities, BPA said it would not be sending checks amounting to some $25 million related to "residential exchange program benefits." Those benefits had been passed on as credits to utility customers.
The announcement by BPA came after a decision by the U.S. Court of Appeals for the Ninth Circuit.
BPA spokesman Mike Hansen told The News Tribune today that the payments would be held in a reserve account "until we work through this issue."
Steve Reynolds, Puget Sound Energy chairman, president and CEO, lamented the announcement and said it was "a simple question of fairness."
Mark Gendron, BPA vice president of requirements marketing, said in the letter to utilities that the agency is "exploring all potential viable avenues for rehearing, including by the full court if possible."
The marathon of photo opportunities and events leading up to the July 8, 2007 (7/8/07) rollout of the first Boeing 787 Dreamliner grows larger today with Boeing holding an open house at its new 787 assembly line in Everett.
The open house follows a string of well-photographed late night arrivals of the key substructures of the new plane aboard Boeing swollen 747, the Dreamlifter.
Gov. Christine Gregoire and a clutch of Boeing executives will lead the cheers this afternoon displaying for the first time what Boeing's four years of research and design and the state's billions in tax cuts have wrought.
Give credit to Boeing's PR team for creating the buzz surrounding the plane, the best-selling jetliner in history judged by its pre-flight sales. But the press and the public has an almost insatiable appetite for a new aircraft, especially one bearing so much promise:
* The world's first mostly-composite jetliner.
* The world's most efficient airliner with costs 20 percent below state-of-the-art commercial jets.
* A game-changing jetliner that promises to connect dozens of cities worldwide non-stop instead of through big hub cities.
* A plane with bigger windows, better entertainment systems, lower cabin altitudes and fewer emissions and noise than its predecessors.
The open house will be followed shortly by the Paris Air Show, always an Easter Parade for the aerospace companies. Expect more big orders to surface at that show for both the 787 and its Airbus rival, the A350XWB.
Let's hope all this bravado is followed by real performance. It would be an embarrassing moment for Boeing if 7/8/07 came and the plane that rolled out was held together with duct tape.
