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Tuesday, April 24, 2012

Bonneville County first-quarter home sales show growth over 2011

Today's big economic indicator story was new home sales and how they fell 7.1 percent in March. The Commerce Department said that sales dropped to a seasonally adjusted annual rate of 328,000 units. That followed a 7.3 percent increase in sales in February. The figure from February had been revised up from an initial estimate that sales had fallen 1.6 percent.

If you haven't heard the story, here's the link from NPR: http://www.npr.org/2012/04/24/151276146/new-home-sales-drop-after-big-revision

And here's something even niftier, also from NPR, an interactive map that shows county-by-county foreclosure and unemployment rates, plus median household income: http://www.npr.org/templates/story/story.php?storyId=111494514. Here's what the local numbers were:

Bonneville
39,731 households
Foreclosures: 1 in 1,046

Bingham
16,141 households
Foreclosures: 1 in 2,306

Jefferson
8,722 households
Foreclosures: 1 in 2,907

Madison
11,280 households
Foreclosures: Data not available

Fremont
8,531 households
Foreclosures: 1 in 4,266

The best local figures I have for real estate come from the Snake River Multiple Listing Service. Crunching the numbers from the first three months of 2011 and 2012, it looks like business is picking up in Bonneville County and at least holding steady in the outlying areas. Take a look for yourself:





Dave & Buster's discovers Idaho

I picked this out of today's Idaho Statesman and thought it might be of interest to at least some BizMojo Idaho readers:

Dave & Buster's eatery, bar and arcade planned in Boise

The national restaurant chain based in Dallas filed plans with the city to open in the former Circuit City building in the Boise Towne Plaza on North Milwaukee Street.

What’s in the works? City records show the company wants to remodel the 24,500-square-foot building for restaurant and entertainment use. It would have seating for 279 people and 116 parking spaces.

What is Dave & Buster’s? It’s like a Chuck E. Cheese’s for grown-ups. The restaurant serves American fare like cheese fries, buffalo wings, steak and burgers. The bar has a full drink menu including liquor, beer and wine. The arcade includes sports, driving and flying, action and combat and classic video games. The chain also markets itself as a place for parties and events.

My thoughts: Isn't there an empty Circuit City in Ammon? Now that Dave & Buster's has discovered Idaho, maybe they'd be open to a pitch (if one hasn't been made already). Maybe the demographics aren't right for eastern Idaho to be considered. Perhaps all the liquor licenses in Ammon are tied up, which could be an issue.

But it's something to think about on a Tuesday morning, a possibility to explore if nothing else.

ostatesman.com/2012/04/24/2089585/dave-busters-in-boise-eatery-bar.html#storylink=cpy

Monday, April 23, 2012

Bella Vita releases new catering menu

Bella Vita Bistro and Coffeehouse, 901 Pier View Drive, has put out a new catering menu. If you're interested in seeing it, click on the picture and see if anything strikes your fancy.
 Or visit their Facebook page, https://www.facebook.com/pages/Bella-Vita-Coffeehouse/109018775817590

If you're a restaurant with any kind of news, e-mail us at bizmojoidaho@gmail.com. Our readers eat this stuff up.

Unemployment continues to drop in eastern Idaho

Idaho’s seasonally adjusted unemployment rate continued to drop in March, and Idaho Falls and Rexburg put up even better numbers than the statewide average of 7.9 percent.

This was the first time in 2 1/2 years statewide unemployment dropped below 8 percent, as more Idahoans found work than during any other month since October 2006.

In the Idaho Falls Labor Market Area, the rate was 6.3 percent, down one-tenth of a percent from February and two-tenths of a percent from March 2011. The Rexburg area posted a rate of 6.2 percent.

The tenth-of-a-point decline in the jobless rate to 7.9 percent marked the eighth straight month that Idaho’s rate has fallen. It is now a full percentage point below the recession-era high in July 2011.
To read the full report from the Idaho Department of Labor, follow this link: http://labor.idaho.gov/news/NewsReleases/tabid/1953/ctl/PressRelease/mid/2527/itemid/2425/Default.aspx

For all the numbers, click on this chart:

Friday, April 20, 2012

News as conversation in the social media age

I was asked to speak Thursday at the social media workshop sponsored by Media Network Idaho, the Idaho chapter of the American Nuclear Society and ComDesigns.

There was a lot of good information shared throughout the day, by Sarah Lane of TWiT.TV, Mike Hart of ComDesigns (who built the virtual tour app for the INL), Misty Benjamin of INL, and Cynthia Price of Child Fund International.

My remarks were held for last, so anyone with more important things to do could leave, I suppose. Still, there were enough longtime newspaper people in the room who could relate to what I had to say about how much the world has changed in 30 years. For anyone interested, here are the remarks I wrote in advance. I wandered off script somewhat, but this is what I was prepared to say:

When I was thinking about what I’m going to say today about social media, for some reason I thought of the old sketch on Saturday Night Live about the Unfrozen Caveman Lawyer.

Phil Hartmann has been thawed from a glacier and become an attorney. Any time he gets into trouble, through stupidity or greed, he falls back on, “I’m just a caveman! Your computers confuse and frighten me!”

Having spent nearly 30 years in print journalism, I think I can relate. The social media age has come, and all of us who want to stay in the game have to adapt.

But how confusing is social media, really? Think of the town criers who used to walk the streets, ringing their bells and hollering out the latest news. Who were these people, and what drove them? Need for attention, I’m sure. I can relate to that.

The more important question, though: While the town crier had the news, where did he get the news?
I don’t think he hit the streets armed with the day’s headlines and walked around oblivious to his audience. In fact, he was probably a person who stopped in every doorway, shop and tavern to talk to anyone who would put up with him. The stories he collected from the people he met were the ones he shouted out.

This was social media in its basic form. When you forget the technology, social media is as old human nature itself. As social, verbal creatures, we have an innate need to know the latest and share. The Odyssey was social media. Medieval murder ballads were social media. We tell stories to each other to make sense of our world.

If the town crier had any sense, he’d eventually want to save his lungs by buying a press and starting a newspaper. But the point I want to make is that news is a two-way street, and we have entered an age in which that is more obvious than ever. I’ve sort of known it all along, but my experience as a blogger this past year has brought it home to me like never before.

After leaving the Post Register newsroom in 2008, I heard from plenty of people who told me they really missed my writing, especially the business column that ran every Monday.

What did people like about the column? It was subdivided into really short bites, it was conversational, and it kept people up to date on things that were happening around town. I answered people’s questions. People told me, “When I read your column I feel like you’re talking to me.”

My departure from the newsroom happened to coincide with the rise of social media. I had discovered MySpace that spring, mainly because I was interested in posting my original music. The summer of 2008, like millions of others, I migrated to Facebook.

This was back in the day when a person would use their Facebook name as the subject of a sentence. Who remembers that?

“Paul David Menser … is making deep dish pizza for dinner.”

“Paul David Menser … is gazing at his navel.”

“Paul David Menser … will unfriend you if he has to look at one more picture of your perfect children.”

Those days are long gone, and we all know how radically Facebook has changed communication. I have my own opinion about where it seems to be headed, but I don’t think there is any doubt that it has changed how we relate to each other and how we share stories and news.

Last fall, a customer in the store where I work recognized my name and said, “I really miss your column. It’s not the same since you left.”

That was when the light bulb went off over my head and BizMojo Idaho was born. What I learned was that my old format – short bits of “hey did you know?” type stuff -- fit the blog concept perfectly, and the stream of information could be continuous. People would make a daily appointment to catch up.

Now the Web is full of blogs where the most recent entry is six months old or more. That's because people discover how hard it is to come up with something new to say every day.

One thing all my years in newspaper business taught me was how to produce content. Unless I was on vacation or laid up with swine flu, if a day went by without my byline in the paper I would feel guilty. If two days went by, I’d get worried about myself.

Here’s something funny. When I was newspapering, I would never put my byline on a story that was less than six column inches long. I couldn't justify it to myself.

But in a world where people are looking to their smart phones for updates, short is essential. Maybe the people who look to their iPads are looking for a longer read, but even then the average iPad visit to my blog is only a minute and a half. I know this. Google tells me, and Google never lies.

A big breakthrough in my blogging was the realization around the beginning of December that everything I posted on BizMojo I should share on Facebook or Twitter right away. Until then, I would share what I thought might be of widespread interest, but I realized that was old thinking. Why not put everything up and let readers decide for themselves?

This came into very sharp focus in January, when I learned about the death of a local real estate agent, Galen Bush, who’d died of a heart attack while riding his bike on a Saturday afternoon. I debated whether to write anything at all, but thought I might help the family by getting the word out about a bank account that had been set up. Besides that, I knew him from a band we’d been in together. So I interviewed Galen’s boss, wrote six or seven paragraphs, posted it, then shared it on Facebook.

No post I have put up has gotten more page views in as short a time as that one. Why? Everyone who saw it shared it with someone else.

In the age of social media, news is a shared commodity. It always has been, but I think some people in the news business have had a tendency to wall themselves off.

Now, I’m all for professionalism, but I don’t think it’s unprofessional to have a conversation with your readers, your viewers or your listeners. And it’s a big question in the news business right now.
The best thinking I’ve seen on the subject comes from a woman named Doreen Marchionni, from Missouri School of Journalism, who writes a blog called Journalism as a Conversation. She recently profiled a book to which she contributed, called “News With A View: The Eclipse of Objectivity.”

Here’s what she said that really hit home:

“Conversation … is not a departure from facts-based reporting, though much confusion persists. Since completing my research, I have taken the data on the road, sharing it with academics and journalists alike … Almost without fail, I get some variation of these two questions:  How does conversation square with objective news? Is this the end of objectivity?

The short answer to both: It depends on what you mean by ‘objective.’  The long answer, as this chapter reveals, is that rethinking objectivity is in order, and that is a complicated finding. Despite the complexities of conversational news, though, one point is clear:  It represents a departure from the paradigm of the journalist as elusive, all-knowing, data-distributing automaton in favor of the journalist as co-collaborator, partner, and ordinary human. And for many, that is revolutionary.”


The Internet has knocked my profession sideways, not only financially but psychologically. The social media phenomenon has changed everything. It isn’t just a fad; it’s reality.