Friday, March 09, 2001

Morning Memo

Hot tips and news to start your business day

Today's number: 1.6 billion

        Books sold last year in the United States, about the same as 1999, with dollar sales up 1 percent to $12.6 billion, according to an annual study by Ipsos-NPD, a research firm.

Today's money tip:

        Estates generally are taxable under the laws of the state where the deceased lived — not where his or her heirs are.

        That can get confusing when inheriting across state lines.

        Many states have similar guidelines on matters such as minors inheriting and probate issues. But state laws can vary widely on how much the estate is subject to the state “death tax.”

        Ohio taxes estates exceeding $200,000 in 2001. That figure will rise to $338,000 in 2002. Kentucky taxes estates above $675,000 in 2001, rising to $700,000 in 2002. Indiana's inheritance tax rates and exemptions depend on the heir's relation to the deceased.

Today's career advice

        Bosses use all sorts of tricks to motivate employees. Here's a way to motivate your boss, according to 1,001 Ways to Motivate Yourself and Others, written by Sang H. Kim: Never steal your boss' thunder or beat him at his game.

Today's career move

        Chris Visnic has joined the Crestview Hills Sylvan Learning Center as center director. Prior to joining Sylvan, she was a teacher and assistant principal in Knoxville, Tenn., as well as an admissions coordinator and counselor in family service divisions in the Knoxville area. She earned her master's and bachelor's degrees in curriculum and instruction from the University of Tennessee.

Today's company: Graeter's Ice Cream

        First Freeze: Graeter's was founded in 1870 by Louis Graeter, making it the oldest family-owned ice cream business in the United States.

        The company has 12 stores in Cincinnati, two in Northern Kentucky, three each in Louisville and Lexington and nine in Columbus.

        Recipe: The family still uses the French pot process, which produces only 2 1/2 gallons of ice cream every 20 minutes. To the basic mix of cream, sugar and egg custard are added the flavorings. Those famous Graeter chocolate chips are made by pouring liquid chocolate into the ice cream.

        Flavors: Graeter's features 22 regular, chip and sorbet flavors plus a special flavor of the month. March FOM: Chocolate almond.

        Sharing The Riches: Have a faraway friend who needs a Graeter's fix? The company can ship six or 12 pints of its ice cream via next-day air within the continental United States.


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