Monday Report |
Millionaire Households |
June 23rd, 2008 |
SCORECARD
Millionaire Households - Number by
Country
Rank | Country | # of
Millionaire Households ('000) | Market
Share |
1 | US | 4,585
| 48% |
2 | Japan | 830
| 8.7% |
3 | UK | 610 |
6.4% |
4 | Germany | 350 |
3.7% |
5 | China | 310 |
3.2% |
6 | Italy | 270 |
2.8% |
7 | France | 265 |
2.8% |
8 | Taiwan | 220 |
2.3% |
9 | Switzerland |
205 | 2.1% |
10 | Brazil | 190 |
2.0% |
11 | Netherlands |
145 | 1.5% |
12 | Belgium |
135 | 1.4% |
13 | Australia |
135 | 1.4% |
14 | Spain |
125 | 1.3% |
15 | Canada |
110 | 1.2% |
| Global
Total | 9,555 | 100.0%
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Millionaire Households - As % of all
households by Country
Rank | Country | % of
All Households |
1 | UAE | 6.1%
|
2 | Switzerland |
6.1% |
3 | Qatar |
5.2% |
4 | Kuwait |
4.8% |
5 | US |
4.1% |
6 | Singapore |
3.8% |
7 | Taiwan |
3.0% |
8 | Belgium |
3.0% |
9 | Israel |
2.7% |
10 | UK |
2.4% |
11 | Ireland |
2.4% |
12 | Bahrain |
2.2% |
13 | Hong Kong |
2.1% |
14 | Saudi Arabia |
2.1% |
15 | Netherlands |
2.0% |
| Global Total |
0.7% |
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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
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Greetings!
Millionaire Households
- Where do we stand?
- Who is doing better?
- Who is ranked lower?
Bob Springmeyer
Bonneville Research
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Bonneville Research Website |
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Check out our Bonneville Research Website!
www.BonnevilleResearch.com
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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.
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ECONOMIC NOTES: |
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- 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
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MATSUMOTO JAPAN |
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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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Matsumoto Mayor's Office |
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Bob, Gwen and our daughter Liza and the delegation
meeting with the Mayor of Matsumoto.
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BONNEVILLE RESEARCH - Working with clients to deliver results that endure! |
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Successful client work requires a
superior team of
outstanding people working fluidly together.
Bonneville Research is the one firm with
the
experience and expertise to help
businesses,
governments and nonprofit organizations
solve their
toughest problems.
We work to help clients achieve enduring
results
and improve the communities in which we
live.
BONNEVILLE RESEARCH
Bonneville Research is a Utah-based
consulting
firm providing economic, financial, market
and policy
research to public and private sector clients
throughout the intermountain west.
Helping Clients Succeed
Our services include:
- Financial Analysis
- Business License Studies
- Impact Fee analysis
- Urban Renewal & Redevelopment
Analysis and Budgets
- Strategy and Policy Analysis
- Economic and Fiscal Impact Analysis
- Statistical and Survey Research
- Public Sector Mission
Effectiveness
Each of our studies is tailored to address
the
unique needs of our clients and their
communities.
If we can help, please call or email us at
- Bob
- 801-364-5300
- BobSpring@BonnevilleResearch.com
- Jon
- 801-746-5706
-
JonSpring@BonnevilleResearch.com
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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.
http://www.youtube.com/watch?v=r3na4A6O_NE
The Good Education, Good Jobs, Good Health
Candidate for Utah Governor
Election Date: November 4th, 2008
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