Monday Report
Millionaire Households June 23rd, 2008


Bonneville Research Website

GRANTS

ECONOMIC NOTES:

MATSUMOTO JAPAN

Matsumoto Mayor's Office
 

SCORECARD

Millionaire Households - Number by Country

RankCountry# of Millionaire Households ('000)Market Share
1US4,585 48%
2Japan830 8.7%
3UK610 6.4%
4Germany350 3.7%
5China310 3.2%
6Italy270 2.8%
7France265 2.8%
8Taiwan220 2.3%
9Switzerland 2052.1%
10Brazil190 2.0%
11Netherlands 1451.5%
12Belgium 1351.4%
13Australia 1351.4%
14Spain 1251.3%
15Canada 1101.2%
Global Total9,555100.0%

Millionaire Households - As % of all households by Country

RankCountry% of All Households
1UAE6.1%
2Switzerland 6.1%
3Qatar 5.2%
4Kuwait 4.8%
5US 4.1%
6Singapore 3.8%
7Taiwan 3.0%
8Belgium 3.0%
9Israel 2.7%
10UK 2.4%
11Ireland 2.4%
12Bahrain 2.2%
13Hong Kong 2.1%
14Saudi Arabia 2.1%
15Netherlands 2.0%
Global Total 0.7%

Source: Boston Consulting Group, Financial Times, 2008

UTAH ECONOMIC SNAPSHOT - First Ten Months (10 mos) FY2008 YTD

Utah State Government

  • Sales and Use Taxes (Gen Gov't) -3.9% (-$60.64M)
  • Individual Income Tax: Withholding (Education) +3.7% (+$64.9M)
  • Corporate Franchise Taxes (Gen Gov't) -1.8% (-$5.9M)
  • Motor Fuel Taxes (Transportation) +7.0% (+13.5M)
  • State Severance Taxes (Gen Gov't) -12.7% (-$2.9M)
  • Local Sales and Use Tax +2.0% (+$7.68M)
  • Transient Room Tax +13.5% (+$2.8M)
  • Tourism, Recreation, Cultural, Convention +8.8%(+$3.26M)
  • Public Transit Tax +28.6% (+$37.9M)
  • Wine & Liquor Tax +27.4% (+$4.2M)
  • Public Transit +40.2% (+44.0%)

Source: Utah State Tax Commission, TC-23 5/14/08

Wasatch Front Notice of Default activity - June 2008

# of new notices recorded:

  • # Last Week 230
  • Previous Week: 200
  • Same Week Last Year: 176

Source: NewReach, 6/20/08

Utah Labor Market Indicators - May 2008 (Apr/Mar/Feb/Jan 08)

  • Employment Growth: 1.4% (2.0%/2.1%/2.3%/2.6%)
  • Employment Increase: 17,900 (24,800/26,200/28,100/31,600)
  • Unemployment Rate: 3.2% (3.1%3.3%/3.0%)

Who is gaining jobs? - May 2008

  • Rich +8.2%
  • Duchesne + 7.5%
  • Wasatch +7.2%
  • Garfield +5.7%
  • San Juan +4.7%

Who are losing jobs? - May 2008

  • Juab -5.0%
  • Carbon -3.3%
  • Iron -0.4%
  • Millard -0.2%
  • Utah -.01% (160)

What jobs are we losing? - May 2008

  • Construction -7.2% (-7,600)
  • Information -1.0% (-400)

What jobs are we gaining? - May 2008

  • Education & Health +4.5% (+6,000)
  • Trade, Trans. Utilities +0.9% (5,700)
  • Prof & Business +2.6% (4,200)
  • Government +1.9% (3,900)
  • Leisure & Hospitality +3.3% (3,700)

Source: Utah Dept of Workforce Services, 6/17/08

THIS WEEKS LEADS

  • Tuesday Morning
  • Tuesday Morning Corp. trades as Tuesday Morning at 840 locations nationwide.
  • The stores, offering deeply discounted, upscale home accessories and gifts, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding location and power, specialty and strip centers.
  • Growth opportunities are sought throughout the existing market during the coming 18 months.
  • Typical leases run five years with two, five-year options.
  • A vanilla shell is required.
  • Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income.
  • For more information, contact
    • Karen Goodman,
    • Tuesday Morning Corp.,
    • 6250 LBJ Freeway,
    • Dallas, TX 75240;
    • Web site: www.tuesdaymorning.com.
  • Golf Galaxy
  • Golf Galaxy operates 83 locations throughout AZ, CA, CO, CT, DE, FL, IA, ID, IL, IN, KS, KY, MD, MI, MN, MO, NC, NE, NJ, NV, NY, OH, OK, OR, PA, TN, TX, UT, VA and WI.
  • The sporting goods stores, offering golf equipment, apparel, accessories and services, occupy spaces of 15,000 sq.ft. to 17,000 sq.ft. in freestanding locations and power and strip centers.
  • Plans call for 15 to 20 openings throughout the existing markets during the coming 18 months, with representation by L3 Corp.
  • Preferred cotenants include electronics, furniture and home improvement stores and sporting good centers.
  • Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income.
  • Major competitors include GolfSmith, Edwin Watts, The Sports Authority and PGA Superstore.
    • For more information, contact
    • Craig Wielansky,
    • L3 Corp.,
    • 12655 Olive Boulevard, Suite 220,
    • St. Louis, MO 63141;
    • Web site: golfgalaxy.com
  • Ziggy's
  • Ziggy's operates seven locations throughout ID and WA.
  • The home improvement stores, offering lumber, building materials and hardware, occupy spaces of 45,000 sq.ft. to 110,000 sq.ft. in freestanding locations.
  • Growth opportunities are sought throughout the existing markets and OR during the coming 18 months.
  • Typical leases run five to 15 years. A land area of four acres is required.
    • For more information, contact
    • Reid Ziegler,
    • Ziggy's,
    • 620 East Holland Avenue,
    • Spokane, WA 99218;
    • Web site: www.ziggys.com.
  • Fox Sports Grill
  • Sequoia Restaurant & Entertainment Group trades as Fox Sports Grill at seven locations throughout AZ, CA, NY, TX and WA.
  • The restaurants occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in entertainment and lifestyle centers, as well as urban/downtown areas.
  • Plans call for four openings nationwide during the coming 18 months.
  • Preferred cotenants include hotels, movie theaters, office complexes and retailers.
    • For more information regarding Fox
    • Sports Grill, contact
    • Brian Kjos,
    • Sequoia Restaurant & Entertainment Group,
    • 610 Newport Center Drive, Suite 500,
    • Newport Beach, CA 92660;
    • Web site: www.sequoiacompany.com.
  • Jimmy John's Gourmet Sandwiches
  • Jimmy John's Gourmet Sandwiches operates 700 locations nationwide.
  • The gourmet sandwich shops occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding locations, strip centers and urban/downtown areas.
  • Growth opportunities are sought throughout the existing market during the coming 18 months.
  • Typical leases run 10 years.
  • A vanilla shell and specific improvements are required.
  • Preferred demographics include a daytime population of 8,000 within a three minute drive time.
  • Major competitors include Subway and Quiznos.
    • For more information, contact
    • Chris Newman,
    • Jimmy Johns Gourmet Sandwiches,
    • 2212 Fox Drive,
    • Champaign, IL 61820;
    • Web site: www.jimmyjohns.com.
  • Devon Seafood Grill
  • Houlihan's Restaurants, Inc. trades as Devon Seafood Grill at nine locations throughout GA, IL, KS, MO and PA. The seafood restaurants occupy spaces of 7,500 sq.ft. to 8,500 sq.ft. in freestanding locations and malls, entertainment, lifestyle, power and specialty centers. Plans call for four openings nationwide during the coming 18 months. Typical leases run 15 years. Preferred cotenants include specialty retail stores, bookstores, movie theaters and fashion retailers. Preferred demographics include a population of 20,000 within three miles earning $75,000 as the average household income. Major competitors include McCormick & Schmick's and Cameron Mitchell. A land area of 1.75 acres is required for freestanding locations.
    • For more information, contact Rob Ellis, Houlihan's Restaurants, Inc., 8700 State Line Road, Suite 100, Leawood, KS 66206; 913-901-2500, Fax 913-901- 2651; Email: rellis@houlihans.com; Web site: www.houlihans.com.
  • Houlihan's Restaurant & Bar
  • Houlihan's Restaurant, Inc. trades as Houlihan's Restaurant & Bar at 96 locations nationwide. The casual dining restaurants occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. in freestanding locations, malls and entertainment, lifestyle, power and specialty centers. Plans call for 15 to 20 openings throughout the Midwest, Northeast and Southeast during the coming 18 months. Typical leases run 15 years with options. Preferred demographics include a population of 15,000 within three miles earning $75,000 as the average household income. Major competitors include The Cheesecake Factory and P.F. Chang's. A land area of 1.75 acres is required for freestanding locations. The company is franchising.
    • For more information, contact Rob Ellis, Houlihan's Restaurants, Inc., 8700 State Line Road, Suite 100, Leawood, KS 66206; 913-901-2500, Fax 913-901-2651; Email: rellis@houlihans.com; Web site: www.houlihans.com.
  • Raley's
  • Raley's operates 130 locations throughout CA and northern NV. The supermarkets occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and neighborhood centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
    • For more information, contact Kent Haggerty, Raley's, 500 West Capital Avenue / PO Box 15618, West Sacramento, CA 95605; Web site: www.raleys.com.
  • Dillards
  • Dillards operates 340 locations throughout the Midstates, southern and western regions. The department stores occupy spaces of 70,000 sq.ft. to 300,000 sq.ft. in malls. Growth opportunities are sought nationwide during the coming 18 months.
    • For more information, contact Wes Cherry, Dillard's, 1600 Cantrell Road, Little Rock, AR 72201; Web site: www.dillards.com
  • Kiddie Koncepts
  • CTM Group trades as Kiddie Koncepts at 700 locations nationwide. The children's rides occupy spaces of 200 sq.ft. in regional malls. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run three to five years. The company prefer to locate near food courts.
    • For more information, contact Stacey Edelstein, CTM Group, 643 Alpha Drive, Pittsburgh, PA 15238
Greetings!

Millionaire Households

  • Where do we stand?
  • Who is doing better?
  • Who is ranked lower?

Bob Springmeyer

Bonneville Research


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  • GRANTS
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    • Help Homeless Youth!

      • Street Outreach Program
      • POSTED: 6/3/2008
      • FUNDING SOURCE: DHHS
      • ELIGIBILITY: Nonprofits
      • $ AVAILABLE: $2,000,000
      • GRANTS AVAILABLE: 40
      • MAX GRANT SIZE: $200,000
      • DEADLINE: 7/18/08
      • CONTACT INFORMATION: http://www.acf.hhs.gov/grants/open/HHS-2008-ACF- ACYF-YO-0128.html
      • DESCRIPTION: Grants to conduct outreach services designed to build relationships between grantee staff and street youth, while providing a range of education, intervention, and prevention services to homeless youth who are at risk of being subjected to sexual abuse or exploitation.

    • Improve Rural Schools!

      • Small, Rural School Achievement Program
      • POSTED: 6/6/2008
      • FUNDING SOURCE: Dept. of Education
      • ELIGIBILITY: Rural LEAs
      • $ AVAILABLE: N.A.
      • GRANTS AVAILABLE: N.A.
      • MAX GRANT SIZE: N.A.
      • DEADLINE: 6/30/08
      • CONTACT INFORMATION: http://edocket.access.gpo.gov/2008/E8-12744.htm DESCRIPTION: Formula grants to help rural LEAs improve operations.

    • Help Low Income Taxpayers Understand Taxes!

      • Low Income Taxpayer Clinic Grant Program
      • POSTED: 6/5/2008
      • FUNDING SOURCE: IRS
      • ELIGIBILITY: Nonprofits, public agencies, and some businesses
      • $ AVAILABLE: $6,000,000
      • GRANTS AVAILABLE: N.A.
      • MAX GRANT SIZE: $100,000
      • DEADLINE: 7/7/08
      • CONTACT INFORMATION: http://edocket.access.gpo.gov/2008/08-1318.htm
      • DESCRIPTION: Grants to provide information and resources to low income taxpayers, with a special focus on regions that currently lack such representation.

    • Alleviate the Science/Math/Foreign Language Teacher Shortage!

      • Teachers for a Competitive Tomorrow: B.A. and Graduate Degrees
      • POSTED: 6/4/2008
      • FUNDING SOURCE: Dept. of Education
      • ELIGIBILITY: IHEs
      • $ AVAILABLE: $900,000
      • GRANTS AVAILABLE: 4
      • MAX GRANT SIZE: $250,000
      • DEADLINE: 7/21/08
      • CONTACT INFORMATION: http://edocket.access.gpo.gov/2008/E8-12511.htm
      • DESCRIPTION: Funds to develop and implement programs to provide integrated courses of study that lead to a baccalaureate degree in science, technology, engineering, mathematics, or a critical foreign language with concurrent teacher certification.

    • Build Better Jails!

      • A Guide To Planning Jail Programs
      • POSTED: 6/4/2008
      • FUNDING SOURCE: DOJ
      • ELIGIBILITY: Nonprofits and public agencies
      • $ AVAILABLE: N.A.
      • GRANTS AVAILABLE: N.A.
      • MAX GRANT SIZE: N.A.
      • DEADLINE: 7/11/08
      • CONTACT INFORMATION: http://edocket.access.gpo.gov/2008/E8-12455.htm
      • DESCRIPTION: Funds to write a document that provides jail staff with a guide on developing and implementing programs for jail inmates.
  • ECONOMIC NOTES:
    		•

    • ABC News/Washington Post Consumer Comfort Index - Stabilizing?
    • After plummeting since the beginning of this year, consumer confidence is showing tentative signs of stabilizing. According to the ABC News/Washington Post consumer comfort index, sentiment rose a single point to -44 in the week ending June 15. The details of the report were mixed with the economic and buying climate components increasing 2 points. Meanwhile, the personal finances component was unchanged over the week.
    • Risk of Recession
    • The Moody's Economy.com probability of recession eased to 43% in May, compared to April's 51%. Recent data suggest that the U.S. economy is bending but not breaking. A growth recession is developing; data on hiring, spending and confidence suggest the recovery will be longer and more painful than previously expected. Meanwhile, tax rebate checks are showing up in consumers' checking accounts, which will provide a much-needed, but temporary, boost to spending.
    • Conference Board Leading Indicators
    • The Conference Board index of leading indicators rose 0.1% in May. The index has risen in the past two months following a steady decline that began in the middle of last year. The trend is consistent with diminished downside growth risks and an economy that has stalled but not collapsed.
    • State Personal Income
    • Personal income rose 1.1% during the first quarter, following a 1.2% gain in the final quarter of 2007. State personal income growth ranged widely, largely because of surging prices of agricultural commodities that were a boon for some states but hurt others. First quarter incomes were also boosted by annual bonus payments in the financial services industry that lifted income growth in New York, Connecticut and New Jersey.
    • Treasury International Capital Flows
    • Net long-term TIC flows in April rose to $115.1 billion from $79.6 billion the prior month.
    • Current Account Deficit
    • The U.S. current account deficit widened by 5.5% to $176.4 billion in the first quarter of 2008, from a revised $167.2 billion in the previous quarter. The consensus expected the deficit to widen to $172.0 billion. The balance on goods widened by 1% to - $211.0 billion in the first quarter of 2008, from -$208.9 billion in the previous quarter.
    • Jobless Claims
    • Initial claims declined 5,000 to 381,000, in line with expectations for a decline. This is consistent with what has been seen over the past several months. Layoffs are no longer accelerating but appear to have reached their peak trend for this downturn.
    • PPI
    • Producer prices for finished goods rose by a large 1.4% in June as expected, following a 0.2% increase in April. Inflation was led once again by large price increases among food and energy products. Excluding food and energy, prices for core finished producer goods rose by 0.2%. Price increases remained more rapid at earlier stages of processing. Core prices for intermediate products rose by 2%, while core prices for crude materials rose by 5%.
    • CPI
    • Top-line inflation for urban consumers increased by 0.6% in May a higher level than expected, and by 4.2% compared to May 2007. As expected, the largest single increase was in energy prices, which increased by 4.4% in May, a 28.2% annualized rate, and a 17.4% increase from May 2007. Food prices edged up by 0.3% for May and 5.1% from May 2007. Core inflation is at 0.2% for the month and 2.3% compared to May 2007, indicating that inflation for items other than food or energy remains stable so far.
    • Industrial Production
    • Industrial production fell 0.2% in May, following an outsized 0.7% decline in April. Manufacturing output was unchanged despite a modest rebound in auto production. Mining production rose 0.1%, but utility output plunged 1.8%. Capacity utilization fell to 79.4%, the lowest reading since the Hurricane Katrina period in 2005. Overall, the report is consistent with continued modest declines in manufacturing.
    • Mass Layoffs
    • The number of layoffs involving at least 50 workers from a single establishment in May was 1,626, compared with 1,308 in April. They involved 171,387 workers, compared with 133,914 in April. All numbers are seasonally adjusted. The sharp rebound puts mass layoffs in line with the March numbers, suggesting further weakening of the economy.
    • NAHB Housing Market Index - Record Low!
    • The NAHB housing market index fell by 1 point to 18, bringing it back to the record low reached in December and not seen before that since 1985. The three subcomponents were roughly unchanged at 17 for current single-family sales, 28 for sales expected in six months, and 17 for traffic of potential buyers. Homebuilders continue to see the housing market at the bottom, though pessimism might indicate further decreases.
    • New Residential Construction (C20)
    • Housing starts declined 3.3% to 0.975 million units in May. Housing permits fell 1.3% during the month. This is the second time in three months that starts have been below 1 million units. With the housing correction still running its course, the Federal Reserve will leave interest rates unchanged at 2% when it meets next week.
    • MBA Mortgage Applications Survey
    • The mortgage market was unable to sustain last week's rally and the market composite indices fell sharply as contract rates spiked upward. The market index ended the week of June 13 down by 8.8%. The purchase index finished down by 4.4%, while refinancing applications also decreased; the refinance index finished down by 15%. This was also a more straightforward week in that the reduction in applications correlates squarely with a sharp rise in interest rates.
    • Chain Store Sales
    • Chain store sales gained 0.2% in the week ending June 14, building on the prior week's large gain according to the ICSC. Year-over-year growth rose to 2.1%, the strongest in six weeks. Sales reportedly benefited from the warm weather, although soaring gasoline prices remained a significant drag.
    • Natural Gas Storage Report
    • Underground storage of natural gas rose by 57 billion cubic feet during the week ending June 13, below consensus expectations of a 62 bcf build. Working gas in underground storage was 1,943 as of June 13, 376 bcf lower than a year ago and 52 bcf below the five-year average for this time of year.
    • Oil and Gas Inventories
    • Crude oil inventories fell by 1.2 million barrels for the week ending June 13, according to the Energy Information Administration, in line with expectations. Gasoline inventories fell by 1.2 million barrels, contrasting with analysts' expectations of an 0.8 million barrel build. Distillate supplies rose by 2.6 million barrels, surpassing expectations of a 1.8 million barrel build. Refinery operating capacity rose to 89.3% from 88.6%. This report is mixed and should not have a large impact on oil prices.

    Source: Economy.com 2008

  • MATSUMOTO JAPAN
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    Matsumoto Castle

    Matsumoto Castle in the center of the city is about 2 1/2 hrs by train from Tokyo. Matsumoto is the "gateway to the Japan Alps".

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    Bob, Gwen and our daughter Liza and the delegation meeting with the Mayor of Matsumoto.

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    Note from Bob Springmeyer:

    Back from a terrific visit to Japan to celebrate the 50th Anniversary of the Salt Lake City/Matsumoto City Sister Relationship, our 30th Wedding Anniversary a wonderful visit to two of our children who are living and teaching in Matsumoto.

    As some of you may know I am the Democratic Candidate for Utah Governor.

    I chose community activist and retired SBA official Josie Valdez to run as my lieutenant governor.

    It is my hope that I can continue to send out the Monday Report weekly without interruption.

    The Monday Report has always reflected my business and economic development values.

    I don't intend that the Monday Report will become a campaign tool, but if you are interested in my campaign and want to be supportive, please click on the link below.

    Thanks,

    Bob Springmeyer

    Check it out - Convention Speech on You-Tube.

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    The Good Education, Good Jobs, Good Health Candidate for Utah Governor

    Election Date: November 4th, 2008

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