Michael Lowrey

Posts by Michael Lowrey (page 3)

  • U.S. wages are finally starting to rise

    The U.S. economy continues its long, slow recovery. It seems that we’re finally to the phase where wages are starting to go up. Per fivethirtyeight.com: It may be too late to affect Tuesday’s election, but the economy is finally delivering real wage growth to American workers. The average U.S.
    Michael Lowrey, November 4, 2016
  • The decline of retail, November 2016 edition

    Macy’s to close at Carolina Place Mall in the Charlotte suburb of Pineville. The store opened at the mall in 1993.
    Michael Lowrey, November 1, 2016
  • Heathrow to get a third runway?

    People have a love/hate relationship with airports. They love the mobility that scheduled air service provides but those that live near airports strongly object to the noise. Because of these NIMBYs, it’s often very difficult for airports in major urban areas to expand. The ultimate case in point is London,…
    Michael Lowrey, October 28, 2016
  • When the Next Big Thing turns out not to be so big, case #8,762,398

    Google Fiber. From the Associate Press via the Charlotte Observer: Google’s parent company is halting operations and laying off staff in a number of cities where it once hoped to bring high-speed internet access by installing new fiber-optic networks. The company also announced that Craig Barratt, a veteran tech…
    Michael Lowrey, October 26, 2016
  • American Airlines to cut codeshare with Air Berlin?

    The German news magazine Der Spiegel reports that American Airlines may soon end its codeshare agreement with fellow OneWorld member Air Berlin. Air Berlin is Germany’s second largest airline but not doing that great. As Der Spiegel notes, the codeshare hasn’t American helped much; American couldn’t even make…
    Michael Lowrey, October 21, 2016
  • What’s wrong with NASCAR?

    The Charlotte Observer has a longer article out looking at why NASCAR attendance is tanking. The problem: Speedway Motorsports, based in Concord, International Speedway Corporation and Dover Motorsports are three publicly traded companies that own and manage racing facilities that host NASCAR races. At SMI, which owns nine tracks…
    Michael Lowrey, October 21, 2016
  • American Airlines ending service to Binghamton and Elmira In February

    The market reality is that the hub-and-spoke carriers (American, Delta, and United) are moving to bigger planes. This includes regional routes, with 76-seaters replacing 50-seat or smaller aircraft. If smaller communities can’t fill up those bigger larger, they will lose some or, in certain cases, all of their existing scheduled…
    Michael Lowrey, October 18, 2016
  • The shrinking number of U.S. restaurants

    Lots of interesting information from the Wall Street Journal on the current state of the restaurant business. Simply put, if you thought that a bunch of eateries catering to herds of always-eating-out millennials were going to transform your city’s downtown, you’re likely to be disappointed. The U.S. is…
    Michael Lowrey, October 18, 2016