Business/Finance Feed

Millennials are falling behind their boomer parents

Baby Boomers: your millennial children are worse off than you.

With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.

The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.

via www.cnbc.com


U.S. Added 156,000 Jobs in December - WSJ

CORALVILLE COURIER EDITOR'S NOTE: Barack Obama made all kinds of promises of job creation, yet we've never had a robust economy during his eight years in office. His promises of all kinds of great jobs were false promises.  Shovel ready jobs?  Didn't happen.  His promise to deliver 1 million manufacturing jobs?  Didn't happen.  His promise to prevent jobs from going overseas?  Didn't happen.  And to repeat, the economy has never been robust during the Obama era.

WASHINGTON—Job creation slowed in December and the unemployment rate ticked up, but wage growth was the strongest since 2009, pointing to a tightening labor market more than seven years after the expansion began.

Nonfarm payrolls rose by a seasonally adjusted 156,000 in December from the prior month, the Labor Department said Friday. The unemployment rate ticked up to 4.7% last month from 4.6% in November, reflecting more Americans entering the labor force.

Economists surveyed by The Wall Street Journal had expected 183,000 new jobs and a jobless rate of 4.7%.

via www.wsj.com


Is your local Sears or Kmart among 150 stores to be axed? See the list

Sears Holding, parent company of department stores Kmart and Sears, will be closing 150 stores this spring. That includes 108 Kmart and 42 Sears locations in 40 states.

The company said liquidation sales will begin as early as January 6 at all of the closing stores. Most of the stores will close at the end or March except for a few that will close mid-February or mid-March.

Related: 

Macy's is closing 68 stores. Here is the list

via www.freep.com


Add your business to the Corridor Search business directory

Reach the corridor audience with a LOCAL search directory run by LOCALS.  Get listed in Corridor Search.  It's easy, it's direct, it's cost effective, it's LOCAL and mobile friendly.  And once you're listed, you're always listed.  That's right, no renewals, no sales calls, it's just a one-time $30 set-up fee to get listed forever and take advantage of unlimited updates!  You can change/update/add to your message at any time.   Running a special?  We'll post it.  Holding an event?  We'll post it.  Just want to say you had a great weekend, "Thank you patrons" or "Congratulations Hawkeyes?"  We'll post it!   We promote you online, it's what we do.

Your profile includes:  Your business listed with your logo, a profile narrative and a link to your website.   Then sit back and let your listing go to work for you.  Get your listing today, your new customers are waiting.  

Simply enter your business name, click the 'Buy Now' button to submit payment and we'll get to work on your listing, it will be up and working for you in no time!

Enter your business name
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Corridor Area Businesses: Once listed, you're always listed.

Reach the corridor audience with a LOCAL search directory run by LOCALS.  Get listed in Corridor Search.  It's easy, it's direct, it's cost effective, it's LOCAL and mobile friendly.  And once you're listed, you're always listed.  That's right, no renewals, no sales calls, it's just a one-time $30 set-up fee to get listed forever and take advantage of unlimited updates!  You can change/update/add to your message at any time.   Running a special?  We'll post it.  Holding an event?  We'll post it.  Just want to say you had a great weekend, "Thank you patrons" or "Congratulations Hawkeyes?"  We'll post it!   We promote you online, it's what we do.

Your profile includes:  Your business listed with your logo, a profile narrative and a link to your website.   Then sit back and let your listing go to work for you.  Get your listing today, your new customers are waiting.  

Simply enter your business name, click the 'Buy Now' button to submit payment and we'll get to work on your listing, it will be up and working for you in no time!

Enter your business name


Iowa poultry industry recovery continues

Iowa’s poultry industry has made significant progress recovering from the devastating impact of the highly pathogenic avian influenza outbreak that killed tens of millions laying hens in 2015.

Iowa egg production in November was 1.3 billion eggs, down slightly from October, but up 73 percent from November 2015, according to the latest chickens and eggs report from the U.S. Department of Agriculture’s National Agricultural Statistics Service.

via www.thegazette.com


Amazon: What to Expect In 2017 | Fortune.com

Amazon's 2016 has been record breaking on many fronts. The company recorded its sixth consecutive quarterly profit (previously, it mostly hemorrhaged cash). Meanwhile, this year marked Amazon's growing strength in hardware with its hit Echo home automation hub Amazon Echo, and its companion voice assistant Alexa. The company has also become force in entertainment, debuting a line of hit original shows through its Amazon Video Prime service.

It's hard to imagine how Amazon could top 2016, but here are some likely moves by the Seattle-based Goliath in 2017:

1. Increased emphasis on logistics: Amazon spends billions of dollars each quarter on shipping, and those costs are rising as the company expands to deliver everything from toilet paper to TVs to customers in two days or less. To save money over the past year, Amazon has been seeking to take over more shipping duties from the likes of UPS and FedEx by leasing trucks, planes, and ships. The company is even testing drones to supplement its doorstep deliveries. Ultimately, Amazon may rely more on itself to get orders to your doorstep than ever.

via fortune.com


Winkel, Parker & Foster, CPA PC

WPFOur firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.

Professionalism

Our firm is one of the leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention.Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm.

Responsiveness

Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies.To see a listing of our services, please take a moment and look at our services page. Because we get new business from the people who know us best, client referrals have fueled our growth in the recent years.
Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly.

Quality

An accounting firm is known for the quality of its service. Our firm's reputation reflects the high standards we demand of ourselves.Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions.  We do not accept anything less from ourselves and this is what we deliver to you.  We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients.  Our high service quality and "raving fan" clients are the result of our commitment to excellence.  We will answer all of your questions, as they impact both your tax and financial situations.  We welcome you to contact us anytime.

Peer review results

Every three years, CPA firms are required to obtain an independent peer review of their system of quality control for their accounting and auditing practice.  The most recent peer review report received by Winkel, Parker & Foster, CPA PC expressed an unqualified opinion.  Our firm received a rating of pass, which is the most positive report that can be received.

via wpf-cpa.com


Shop local and advertise local on Corridor Search

Corridor SearchLooking for a retail store, restaurant, lawyer, plumber, an accountant in the corridor area?  Find it in Corridor Search, a focused business directory for this area, with input provided by local people - not some Joe working for a corporation out in California or elsewhere out-of-state.  Get the latest corridor focused information from local people in the know.

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Run-DMC Sues Wal-Mart, Amazon and Jet for $50 Million | E! News

It's tricky, all right.

Run-DMC filed a $50 million lawsuit in New York Thursday, accusing Wal-Mart, Amazon, Jet and other retailers of selling products that traded on the group's name without permission. Per NBC News, founding member Darryl "DMC" McDaniels was listed as the plaintiff in the suit.

The musician's complaint alleges that the defendants are "advertising, selling, manufacturing, promoting and distributing multiple products" in Run-DMC's trademarked name. In doing so, McDaniels says, the vendors "confuse the public as to the source of origin and endorsement of its products." The knockoffs listed include hats, glasses, patches, shirts, wallets and other items.

via www.eonline.com