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More News On The Economic Outlook

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

MORE NEWS ON THE ECONOMIC OUTLOOK…U.S. economic growth slowed in the first three months of 2011 as higher prices, especially for gasoline and food, caused American consumers to slow their spending on other goods. Gross domestic product rose at a seasonally adjusted annual rate of 1.8% in the first quarter, a significant slowdown from the 3.1% increase in the fourth quarter of 2010. Consumer spending, accounting for about 70% of demand in the U.S. economy, rose ... Read More

• Business

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Economic Update… More Good News Than Bad

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

While the U.S. economy have been suffering from relatively high unemployment rates, low housing prices, and a lack of public incentive for consumer spending, we are beginning to see a shift in the U.S. economy towards a more optimistic direction, although with certain impediments along the way. It has recently been announced that the U.S. workforce grew by 216,000 new jobs in March, 2011 with the private sector adding 230,000 jobs and the public sector declining ... Read More

• Business

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Social Security was Created in 1935

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

DID YOU KNOW? Since 1935 when Social Security was created, life expectancy has increased by 26% to age 78, while Social Security’s retirement age has gone up just 3 percent, to 67. Social Security’s problems are rooted not just in longevity (which is a good thing) but also in the ratio of people working to those already drawing their Social Security benefit. In 1945, there were 42 workers for a single retiree. In 2009, there were ... Read More

• Business
• community

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Economic Update

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

Increased energy and commodity prices are fueling rising concerns about inflation. Energy and commodity costs are going up chiefly because the value of the U. S. Dollar has fallen to thelowest level since 1973.Compared to a standard index of international currencies, the Dollar is now worth $0.72 compared to its international value in 1973. Because the index compares with foreign currencies, the ratio takes inflation into effect and addresses only the Dollar’s value.In other words, if ... Read More

• Business

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Graniterock Celebrates 111 Years!

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

On Valentine’s Day, February 14, 1900, a corporation filing was made with the State of California founding Granite Rock Company. The property in Aromas was purchased in December 1899, and before long the Company had its first customer.Today, we continue the dedication of all those Team Members who came before us to customer service and product quality. The very reason for Graniterock’s founding in 1900 was to locate a higher quality construction aggregate that could be ... Read More

• Business
• community

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Economic Outlook Assumptions

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

ECONOMIC OUTLOOK ASSUMPTIONS A MESSAGE TO GRANITEROCK CUSTOMERSBruce Woolpert Graniterock President & CEOEach year, Graniterock prepares a financial plan for its business operations which begins with our Economic Assumptions. Information is gathered from various sources and then reviewed, analyzed and assembled into a set of economic assumptions for the coming year. We then develop our business plans in a fashion consistent with those assumptions. We share this information with our contractor-customers in the hope that our ... Read More

• Business

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Fix the problems—then we have fully responded to customer feedback; so the thinking goes…

Posted by Bruce W. Woolpert on Wed, March 18th, 2015, 8:16 am

How do businesses manage customer feedback? The feedback could arrive in a letter, a phone call, a face-to-face meeting, or a formal customer satisfaction survey. In most organizations, businesses focus nearly all of organization’s time and energy on what the feedback tells us didn’t go well or areas in which the business fell short of a competitor. Effort is needed to attack these problem areas and correct them. The goal is to be the best at ... Read More

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