Thursday, December 14, 2017
Business

Business letters to the editor

Statistics show that per capita GDP is at its highest level ever | Nov. 24

Think twice about GDP as indicator

In the Nov. 24 Business section, there was a statement by U.S. Rep. Jan Schakowsky, D-Ill., that the United States "has never been richer, if you look at per capita GDP."

Economist John Williams, in Shadow Government Statistics, has stated, "Upward growth biases built into GDP modeling since the early 1980s, however, has rendered this important series nearly worthless as an indicator of economic activity. … The reported formal post-2009 economic recovery in headline GDP is a canard. The GDP continues to be the most meaningless of the major economic series published by the U.S. government."

He explains this by stating that the true measurements of inflation in the United States have been seriously underreported by U.S. governmental agencies for decades, compounding the original errors of computation. This has had the effect of spuriously elevating reported GDP by the media.

Rep. Schakowsky, and many others, are honestly mistaken here.

Dr. Lincoln Wildner, Dunedin

Boomers shift gears with career | Nov. 24

Thanks for focus on entrepreneurs

Thanks to Marie Stempinski's Special to the Times, "Boomers shift gears with career" for shining a spotlight on successful bay area encore entrepreneurs. It's refreshing to see so many seasoned professionals embrace new challenges and pursue their dreams.

Americans over 50 are staying in the workforce longer, by choice for some and out of necessity for others. Millions of older workers are now self-employed or looking to launch their own small businesses. Discover your "what's next," with easy access to tools and resources, online at AARP's LifeReimagined.org and through local AARP-sponsored events, including an Entrepreneurs Workshop hosted by Eckerd College on Thursday and an Encore Tampa Bay "What's Next" Workshop Dec. 9. For more information, call (727) 592-8008.

Michelle Cyr, associate state director for advocacy for AARP Florida

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Local widowers say baby power caused their wives’ cancer

Local widowers say baby power caused their wives’ cancer

Two Tampa-area widowers whose wives died of ovarian cancer are suing Johnson & Johnson, joining nearly 5,000 other plaintiffs across the country who blame their illness on the daily use of the pharmaceutical company’s talcum powder.Bryan Isa’s wife T...
Updated: 10 minutes ago
Tampa chamber names first companies for minority business accelerator

Tampa chamber names first companies for minority business accelerator

TAMPA — Four firms in marketing, construction and secure cash logistics will be the first to go to through a new Greater Tampa Chamber of Commerce program designed to help black- and Hispanic-owned companies grow their businesses through two years of...
Updated: 2 hours ago
FCC votes down Obama-era ‘net neutrality’ rules

FCC votes down Obama-era ‘net neutrality’ rules

NEW YORK — The Federal Communications Commission has voted on party lines to undo sweeping Obama-era "net neutrality" rules that guaranteed equal access to internet.The agency’s Democratic commissioners dissented in the 3-2 vote Thursday.The FCC’s ne...
Updated: 2 hours ago
From Crystal River to Brooksville, branch out to shop on these unexpected main streets

From Crystal River to Brooksville, branch out to shop on these unexpected main streets

You don’t have to stare at a greeting card to picture a bustling old main street lined with decorated shops and lampposts. Historic small-town shopping districts are easy to find, and more charming than Walmart. Beyond the downtowns of St. Pet...
Updated: 2 hours ago
American Social booming on Harbour Island

American Social booming on Harbour Island

HARBOUR ISLAND — Downtowners, conventioneers, hockey fans, concert-goers and anyone hungry for waterfront dining are discovering American Social Bar & Kitchen on Harbour Island. Panoramic views, accessible boat slips and walkability to Amalie Arena a...
Updated: 3 hours ago
A healthy dining option opens in Downtown Tampa

A healthy dining option opens in Downtown Tampa

SOUTH TAMPA— Vale Food Co., a health food restaurant, hopes to make its mark on the bay area foodie scene with the opening of its first location in Tampa.In 2014, Sunny Ilyas was a Florida State student trying to find an affordable, healthy meal for ...
Updated: 3 hours ago
Soccer store opens in Westchase on the brink of World Cup

Soccer store opens in Westchase on the brink of World Cup

Even though the United States Men’s soccer team didn’t qualify for the 2018 FIFA World Cup, that hasn’t diminished local fans’ excitement about the upcoming international event.Ariel Martinez, owner of Best Buy Soccer and Lacrosse, has already receiv...
Updated: 3 hours ago

Tampa Bay is above average in minority homeownership

Tampa Bay ranks 22nd among the nation’s 45 largest metro areas in the percentage of minority homeowners. According to Abodo, an online apartment marketplace, 46.2 percent of minorities in the bay area own their homes, which have an average value of $...
Updated: 3 hours ago
Seafood variety comes to Westchase

Seafood variety comes to Westchase

WESTCHASE — Tony Bartolo is well aware of what Westchase locals say about the location of his new restaurant, The Seafood Exchange. The spot in Westchase Town Center is notorious for a continual string of unsuccessful restaurants that have opened and...
Updated: 4 hours ago
Boom in Tampa Bay single-family home rentals means fewer houses for sale

Boom in Tampa Bay single-family home rentals means fewer houses for sale

imes Staff WriterA boom in rentals of single- family homes is contributing to the severe shortage of houses for sale nationwide. In the Tampa Bay area, 18.2 percent of all houses are being rented out instead of being put on the market, Zillow found. ...
Updated: 4 hours ago