Sunday, January 11, 2004

Queen City Rewind


The week in business news in Greater Cincinnati and Northern Kentucky

WINNERS

Joseph-Beth Booksellers and other area bookstores. Think any bookstores in the country will sell as many Pete Rose books as outlets here? Joseph-Beth alone ordered 5,500 copies, more than double the order for Harry Potter and the Order of the Phoenix. Rewind wonders: Would Rose give the points on Gryffindor against archrival Slytherin in the big quidditch match?

CMC Electronics. This Mason company, which traces its roots back to the old Powel Crosley radio empire, made "transceivers" that sent images from Mars to orbiters 400 miles overhead. Whatever a transceiver is, pictures from Mars are about as cool as it gets.

LOSERS

Cintas Corp. The stock slipped 4 percent when chairman Dick Farmer announced a sale or donation of about 9.7 million shares for estate planning. Then shares slipped another 4 percent when after unions said the federal government was investigating Cintas. Only nicks and cuts, but man, those sure sting.

Marathon Ashland Petroleum outlets. A "mechanical failure" means 11 local stores sold kerosene tainted with gasoline. Rewind opines: Unexpected fires and explosions are bad for business.

WHAT'S THAT ALL ABOUT?

Whatever the cause of the U.S. Small Business Administration's temporary shutdown of its popular 7(a) loan program last week, it's yet another case of entrepreneurs taking the hit for federal government mistakes. It could deny millions of dollars in loans to entrepreneurs at the start of an economic recovery. You won't see this in many Economics 101 classes.

QUOTE OF THE WEEK

"Where the market can bear it, we're going to have to do some market pricing ... I guess I would introduce the concept of tuition deregulation at the state level." University of Cincinnati students in hot areas like electronic design should heed these words from new UC president Nancy Zimpher. If she can convince Ohio leaders and demand supports tuition increases, expect them - quickly.

APPLAUSE, APPLAUSE

To the Transportation Security Administration, for its security alerts last week on Delta Air Lines Flight 43 to Cincinnati from Paris. Fighter jets shadowing a commercial flight is not something Rewind is accustomed to. But it's better than another terrorist attack. Downside: We're cold. Upside: We're alive.

THE CRYSTAL BALL

Discussion about a runway expansion at Lunken Airport might take a different tone in 2004. Rewind isn't sure, but it might, just might, have a little something to do with Procter & Gamble Co.'s new corporate jet, which needs a longer and better runway. Money talks.



Greening of the bluegrass
Look Who's Talking: Henry Browning
Stewart case highlights flaws in system
Queen City Rewind
This will be your year, so seize it
Small businesses pioneer rebound
Break your leg? Hope you bought ski-pass insurance
Business Agenda
Tristate business notebook