Tag: Summer

Maine lobster business salvaged its summer despite pandemic

Maine’s lobster fishermen braced for a difficult summer this year because of the coronavirus pandemic, but then the unexpected happened. They kept catching lobsters, and people kept buying them.

The pandemic has posed significant challenges for the state’s lobster fishery, which is the nation’s largest, but members of the industry reported a steady catch and reasonable prices at the docks. Prices for consumers and wholesalers were low in the early part of the summer but picked up in August to be about on par with a typical summer.

The Maine lobster industry is in the midst of a multiyear boom, and fishermen have caught more than 100 million pounds (45,360,000 kilograms) for a record nine years in a row.

It’s hard to guess whether they’ll reach that total again, but summer 2020 hasn’t been half bad for a season in which many fishermen expected collapse, said Kristan Porter, president of

Read More

Villa’s summer transfer business was necessary

John Terry admits Aston Villa needed to spend if they wanted to progress this season.

The assistant head coach knows their summer spree was vital after they beat relegation by a point last season.

Bertrand Traore scored on his debut as Villa beat Bristol City 3-0 in the Carabao Cup on Thursday following his £17million arrival from Lyon.

Villa also spent a club record £28million to sign Ollie Watkins from Brentford – allowing them to let Ally Samatta leave for Fenerbache on Friday – and £16million on Nottingham Forest’s Matt Cash.

“After the way we stayed up last year it was important, and I think the manager recognised it over the summer as well,” said Terry.

“With Johan (Lange, sporting director) coming in the building and Christian Purslow (chief executive) and the two owners doing some fantastic work early on we managed to get some really important players in the

Read More

How Your Business Can Bounce Back From the Summer Slowdown

If you’ve found that your company’s sales and other activity seem to succumb to the lull of summer, you’re not alone! Many business owners find that the hottest months of the year are also the quietest. As long as you can plan for the slowdown, it doesn’t have to hurt your business, but once fall rolls around, it’s time to get things moving at full speed again! Try these five tips to get your business in motion.

summer slowdown business

Use Time Management To Incentivize Productivity

You’re not the only one who’s feeling the summer slowdown—your employees are, too. Most small business owners lose at least a little sleep over employee productivity, but you’ll encourage them to work harder with less oversight if you take a positive tone. Rewarding the most productive employees or teams is a great way to communicate to workers that their efforts are valuable and will be rewarded. Use

Read More

Columbus Crew’s new training facility completes stage of construction ahead of summer 2021 opening – Sports – The Columbus Dispatch

Stamped with the Columbus Crew SC name and the signatures of club staff and players, the final steel beam was raised to the top of the Ohio Health Performance Center on the west side of Mapfre Stadium on Friday afternoon to commemorate an ending of one phase of construction on the club’s new training facility.

On schedule to open June 2021, about a month before the new downtown stadium opens next year, the $30 million training facility will be 42,000 square feet with three fields for the Crew and one for the Crew Academy youth teams.

Both the first team and academy will have their own locker rooms, lounges, training and workout rooms at the facility with a full dining area and kitchen. The first team will have its own sleep and recovery room in addition to a hydrotherapy area.

Crew chief business officer Steve Lyons said the next phase

Read More

With pandemic summer wrapping up, businesses brace for unusual fall – News – fosters.com

KENNEBUNKPORT — The Nonantum Resort traditionally closes for the season in the middle of December, once Prelude finishes with its annual holiday festivities in Kennebunkport.

But this year? The resort will close Oct. 25.

“I’ve been general manager here for 29 years, and we’ve always stayed open until December,” Tina Gordon-Hewitt said Wednesday.

Welcome to the hospitality industry in the age of the COVID-19 pandemic. That field and others are preparing for a fall season with fewer summer dollars at their backs. The reason: a decline in tourism amid ongoing concerns about a virus that has caused the deaths of nearly 200,000 Americans and sickened millions more.

Gordon-Hewitt gave two explanations why the Nonantum, located on Ocean Avenue, will close earlier than usual.

One reason is that the resort’s heating, ventilation and air-conditioning system needs expensive new filters at a time when the products needed for such an upgrade are

Read More

Weekly Commentary: Summer Of 2020

QE fundamentally changed finance. What commenced at the Federal Reserve with a post-mortgage finance bubble, $1 trillion Treasury buying operation morphed into open-ended purchases of Treasuries, MBS, corporate bonds and even corporate ETFs holding high-yield “junk” bonds. Markets assume it’s only a matter of time before the Federal Reserve adds equities to its buy list.

For years now, Treasury bonds (and agency securities) have traded at elevated prices – low yields – in anticipation of an inevitable resumption of QE operations/securities purchases. Conventional analysis has focused on persistent disinflationary pressures as the primary explanation for historically depressed bond yields. While not unreasonable, such analysis downplays the prevailing role played by exceptionally low Federal Reserve interest rates coupled with latent (and escalating) financial fragility. Meanwhile, near zero short-term rates and historically low Treasury and agency securities yields have spurred a desperate search for yields, significantly inflating the demand and pricing for

Read More