Notes and Quotes for February 2018

Things seen and overheard around the region last month, compiled by reporter Mike Lewis:

 

‘Minimize the damage’

“Since the legislature has made its decision without regard to employers’ concerns, we will now ask for a delay in the effective date to give businesses time to prepare for the mandate. And we will continue working to find ways to minimize the damage the law will do to employers and their employees.”

 Christine Ross, president and CEO of the Maryland Chamber of Commerce, after the General Assembly overrode Gov. Larry Hogan’s veto of the paid sick leave bill. The chamber says that, while well-intended, the bill ignores business concerns about excessive fines, onerous administrative burdens, prohibitive costs to comply, unprecendented low thresholds for hours worked, and other threats.

Tourism numbers fall

HAGERSTOWN, Md. — Tourism declined a bit in Washington County, Md., during November, according to hotel/motel taxes paid by lodging establishments.

Those businesses paid $138,448 for November, according to the latest report. That’s down from a revised figure of $200,986 for October and $141,457 in November 2016.

Landmark restaurant closes

FREDERICK, Md. — After more than a century in business, the landmark Barbara Fritchie Restaurant has closed.

The business had been open from 1910 to 2017, according to an announcement on the restaurant’s Facebook page.

According to the restaurant’s webpage, Barbara Fritchie was a Civil War heroine immortalized by John Greenleaf Whittier in his poem, “The Ballad of Barbara Fritchie,” for “defiantly waving her Union flag in the face of oncoming Confederate soldiers.”

‘They’ve had it’

“This is an old problem. This is nothing new. What is new is we’re seeing an increase in the number of women coming forward. They’ve had it.”

 Walter S. DeKeseredy, director of the Research Center on Violence and professor of sociology at West Virginia University, speaking about sexual harassment.

Paying for the holidays

Consumers who said they went into debt during the holidays racked up an average of $1,054 of debt, according to an annual survey conducted by MagnifyMoney.

That’s a 5 percent increase over last year.

When asked where the holiday debt came from, 68 percent of shoppers said credit cards were responsible, up 8 percent from 2016. Store cards were the reason for 17 percent of shoppers, and 9 percent used personal loans.

Five percent accumulated more than $5,000 in debt balances. And half of consumers said it will take more than three months to pay off that spending.

Pa. credit union plans a new branch

GREENCASTLE, Pa. — 1st Ed Credit Union plans to open a new, full-service location at 526 N. Antrim Way in the Greencastle Market Place shopping center.

Amanda Dickson, senior financial service representative, will be the Greencastle branch manager. Dickson has been with the credit union since August 2010.

Member-owned 1st Ed Credit Union is based in Chambersburg, Pa. It is a full-service financial institution serving school employees and their families in Adams, Cumberland, Franklin, Fulton and York counties. It also serves employees of a variety of partner companies.

Wilson College receives first training mannequin

CHAMBERSBURG, Pa. — Wilson College has received its first high-fidelity mannequin, “Lucina,” purchased with a $110,000 gift from Summit Health.

Students in Wilson’s nursing program will use Lucina to practice skills in predetermined scenarios. Lucinda will allow them to safely perform procedures and interact with a lifelike simulator before working with people.

Lucina stays on the first floor of the college nursing resource center, along with five medium-fidelity mannequins, which make up a fully functioning intensive care unit.

Wilson’s nursing program works with a number of community partners, including Summit Health, Keystone Health and Menno Haven Retirement Communities.

Notes and quotes

Owner-occupied
housing units

Here are the rates of owner-occupied housing units by county in the Crossroads region from 2011 to 2015:

• Fulton Co., Pa.: 79.1 percent

• Jefferson Co., W.Va.: 74.0 percent

• Frederick Co., Md.: 73.9 percent

• Berkeley Co., W.Va.: 73.2 percent

• Franklin Co., Pa.: 71.7 percent

• Morgan Co., W.Va.: 70.7 percent

• Allegany Co., Md.: 68.8 percent

• Washington Co., Md.: 64.2 percent

• U.S. average: 63.9 percent

Source: U.S. Census Bureau

‘With a vengeance’

“Home ownership is about to come back in this country with a vengeance.”

Economist Anirban Basu,
looking ahead to 2018

 

‘Best two-year run
since 2005’

“For the first time since the middle of 2014, the US economy has sustained 3 percent growth for two consecutive quarters, providing strong momentum into next year. The current Conference Board forecast calls for 2.8 percent growth during the final quarter of 2017 and 2.5 percent growth in 2018. This would represent the economy’s best two-year run since 2005.”

 The Conference Board Economic
Forecast for the U.S. Economy

Tourism numbers rise

Tourism was up in Washington County, Md., during October, according to hotel/motel taxes paid by lodging establishments. Those businesses paid $198,924 for October. That’s up from $176,764 in September and $193,672 for October 2016.

 

‘Courageous decision’

“Whenever you see a successful business, someone once made a courageous decision.”

Peter F. Drucker,
management consultant,
educator and author

Formula for success

“Would you like me to give you a formula for success? It’s quite simple, really: Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.”

Thomas J. Watson, who served as chairman and CEO of IBM

Survey: People put business ethics first

MBA students and the general population say business ethics are the most important factor in determining whether to work for a company.

The conclusion comes in survey findings released this month by the U.S. Chamber of Commerce Foundation.

The survey was conducted by Morning Consult.

“Businesses of all sizes are a powerful force for good in American society, creating jobs and promoting ethical standards in their communities. As business advocates, we must use these findings to highlight the important role workers and job creators have in setting high standards and being leaders across the country,” said Carolyn Cawley, president of the U.S. Chamber of Commerce Foundation.

“This case competition is an important opportunity for future business leaders to explore ways in which companies can better demonstrate their drive to do well while also doing good and how that success powers progress and opportunity for everyone,” Cawley said.