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This article was written by Dana Mattioli of wsj.com Mom-and-Pop Enterprises Often Lack Formal Crisis Plans; Sad Customers and Loyal Employees Are Left in Wake. Siblings Georgia, Jimmy and John Roussos have spent most of their lives working in the kitchen of the restaurant their father opened in 1954. The eatery managed to survive a [...]
This article was written by Wall Street Journal’s Christina S. N. Lewis. Rent for office space is falling at the fastest pace in more than a decade as vacancies create a glut and landlords slash prices to attract tenants. Nationwide, effective office rents fell 8.5% in the third quarter compared with the same period a [...]
As reported in the Philanthropy News Digest. As cities across the country struggle to cope with revenue shortfalls, mayors of large cities have aggressively pursued reductions in labor costs to balance their budgets, a new study from the Pew Charitable Trusts’ Philadelphia Research Initiative finds. The report, Layoffs, Furloughs, and Union Concessions: The Prolonged and [...]
As written by WSJ’s Amy Hoak. Buying a foreclosure home often is appealing to house hunters trying to stretch their dollars. But finding a good one can be a challenge. “The vast majority of the banks don’t want us to advertise [foreclosure homes] as ‘bank-owned’ because it comes with a negative connotation,” says Ryan Melvin, [...]
As reported in the Philanthropy News Digest. Assets held by Georgia foundations increased from $8.4 billion to $13.3 billion between 2002 and 2007, a new report from the Foundation Center finds. According to Key Facts on Georgia Foundations (2 pages, PDF), gifts received in 2007 by Georgia foundations topped $1 billion for the first time [...]
