American Airlines’ decision to file for bankruptcy protection Tuesday was a long-avoided last resort for the struggling carrier, but the move isn’t likely to have lasting consequences for Miami and the company’s presence as a major employer and dominant air carrier.What could take a hit: civic and charitable causes that the airline supports, more than 9,000 American Airlines employees in South Florida whose pay could be affected and vendors who do business with the carrier.The Fort Worth-based airline is responsible for about 70 percent of the traffic at Miami International Airport, which is one of American’s five domestic hubs. American funnels most of its Latin American connections through MIA, and Latin American routes contributed about 20 percent of American’s $22 billion in revenue last year. George Hoffer, who teaches transportation economics at the University of Richmond, said those profitable Latin American routes should insulate MIA from American’s cost cutting. “I would predict you would have the least impact of any of the hubs,” Hoffer said. “The profit contribution from the international flights are so much more” than the domestic routes.José Abreu, director of Miami-Dade Aviation department, said money-making hubs of other legacy airlines that went into bankruptcy and emerged —…
27 Nov 2011
The Downtown Miami Partnership helps represent Vendors and public alike for the benefit of the Down Town Community. It is headed by Josie Correa who works tirelessly on limited budgets to improve the local area. They offer great initiatives such as the Park & Shop which helps make it easier for people to use the great stores in Downtown. Miami City Social is proud to work with Josie in her efforts and look forwards in supporting her future initiatives. In the attached PDF you can learn more about the DMP and their initiatives DMP General Info, history, mission, benefits and programs we administer & logo   Meet your Neighbors (logo & Info)   Park & Shop gen (logo & Info)   Downtown Miami Welcome Center (1 picture and the postcard with general info)  
Growing South Florida and Latin American companies, hungry for capital, pitched their businesses, as investors and other professionals attended panels and mingled at the 2011 Americas Venture Capital Conference, held at the Biltmore Hotel in Coral Gables last week.Twelve “Top Global Innovative Ventures” were given 10 minutes each to make presentations, and six “Top Global Emerging Ventures’’ had 2 minutes each to pitch their companies to venture capitalists during the second annual conference, hosted by Florida International University’s Eugenio Pino and Family Global Entrepreneurship Center and College of Business Administration. More than 350 people attended the two-day conference that was themed “Latin America: Building on Success.”For many of the businesses, it was their first time presenting at a venture capital conference, including Miami-based Taylannas, whose SpeechMED hand-held, portable device offers audio-delivery of medical information in any language. The company is seeking $6 million and has already received interest from a group of doctors, said Taylannas Chief Executive Susan Perry. The conference helped, she said.“I think it has been a great learning experience, an incredible learning experience,” Perry said, citing the three-minute video and two-page executive summary that businesses were required to create for the conference. Each company was also given…
Way down where East Palm Drive cuts through the mangroves lining southern Biscayne Bay, Florida Power & Light is ramping up one of South Florida’s largest construction projects — a $1 billion upgrade of the nuclear power plant at Turkey Point.It’s got nothing to do with FPL’s controversial plan to add two new reactors to the site. This work is all part of an “up rating’’ that will allow the utility to coax more power from its current two reactors, amounting to a massive overhaul of the four-decade-old facility.All the major systems outside the reactor building are being updated or replaced — transformers, heat exchangers, pumps, valves, condensers, steam pipes and twin 1-million horsepower generators that are the size of school buses. Combined, they make up most of what nuclear engineers call the “secondary plant.’’ Michael Kiley, FPL’s site vice president, said the project will improve the plant’s safety, reliability and efficiency, “It’s going to be virtually a brand new secondary plant that will produce 15 percent more electricity,’’ he said during a Turkey Point media tour last week.Though FPL won’t be able to amp up the power until it receives final approval from the U.S. Nuclear Regulatory Commission and…
The recovery of fuel oil from a stricken container ship grounded off New Zealand resumed on Thursday as salvage teams worked to minimise the damage in the country's worst environmental disaster in decades.   Source: Yahoo News
British billionaire Sir Richard Branson drinks champagne after rapelling down the side of the new Spaceport America hangar in Upham, New Mexico.Branson dedicated the newly completed terminal and hangar on Monday, where his Virgin Galactic will stage its commercial space tourism venture.   Source: Yahoo News
Change is a constant in business today. What worked last month may need a tweak this month. Even though there are core elements to business that remain, change is constant. For example, we have to market our company, service or message to acquire more business–that’s a core element. But some of the things we do in order to market our business are things we didn’t do five years ago. And I’m curious to see what will join the mix in the next five years … because things change. Replacing Baby BoomersIn “When Big Companies Go Back to School, Will Small Businesses Benefit?” Anita Campbell says:“Despite widespread unemployment, U.S. companies seeking to hire are complaining of a shortage of qualified workers.”As the Baby Boomers continue to retire, industry finds there are not enough trained and tenured Generation X and Y (yet) to take their place in certain fields. To address the issue, some corporations are proactive as they encourage “schools and colleges to provide job training for the next generation of employees” Anita says in reference to a Wall Street Journal report on the subject.Replacing Baby Boomers is new territory because it’s not plug and play. The new generations don’t think…
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