Made in USA and Proud

Randolph Engineering

Randolph Engineering

Making a remarkable turnaround with the help of some high profile customers, Randolph Engineering is proud to be still manufacturing their signature aviator sunglasses right here in the USA.

Headquartered in Randolph, Massachusetts, a town of 32,000, Randolph Engineering has seen some very hard times during the almost 40 years since they began making their specialty sunglasses for US fighter pilots. Invented by CEO Peter Waszkiewicz’s father Jan in 1975, the industry wnet from 90 percent located in America to only 3 percent of companies in America during the difficult 1980s.

“In the ’80s, everything went overseas. … We stayed. … And we love it and we’re on the forefront of bringing optical manufacturing back to this country,” Waszkiewicz said.

Randolph persevered, and despite many requests to move the country off-shore, they never left. Recently it has become clear that their decision was the correct one. Now, with the help of film stars such as Robert Redford in “Spy Game” in 2001 and Tom Cruise in the more recent “Oblivion” and the TV character Don Draper in “Mad Men,” Randolph’s specs have been increasing in popularity exponentially.

Today Randolph sends their eyeglasses to overseas customers, and they are designing and creating new designs every day, as well as new jobs.
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“In Japan, in China, in Korea, made in the USA really matters,” said Ekene Ofodile, senior vice president of sales.

“The whole ‘made in the USA’ movement is growing,” Waszkiewicz said. “We’ve had 60 percent growth in our employees since 2009.”

Sales are up and Randolph has been hiring new employees like crazy.

“We’re committed to manufacturing here in the US. … I mean, when you have a pilot flying a multimillion-dollar jet, you can’t afford to have a screw fall out,” he said. “We’ve been making eyewear for 40 years. We’re all about quality. We’re well-known for our quality and are so confident; we’ll guarantee our frames for life.”


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IGN News Channel Reports GameFly Selling Digital Portion of Its Business

Daemon Hatfield reports that GameFly sold the digital section of its game distribution and rental business to AtGamesDigitalMedia. GameFly is a games rental service that sends disc in the mail similar to what NetFlix does with movies.

In 2011 GameFly acquired the online game store Direct to Drive from IGN and turned it into its digital business. In a short announcement GameFly placed on its website they stated that they will continue to operate the digital download business for AtGames until later this year or until the transition is complete.

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Setback for US Hypersonic Missile Program as Test Weapon Explodes

Due to a malfunction during the launch of an experimental weapon in Alaska, the missile was blown up only four seconds after launch. The mishap could be a major setback for the hypersonic weapon program that the military is developing.

When controllers detected a problem within the system after take-off they immediately decided to abort the experiment in order to insure the safety of the public, according to Maureen Schumann, a spokeswoman for the US Defense Department.

“We had to terminate,” Schumann said. “The weapon exploded during takeoff and fell back down in the range complex.”

The launch took place a little after 4am on Monday morning at the Kodiak Launch Complex in Alaska.
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The failure of the trial will put the US behind in the race to develop a weapon that can destroy a target anywhere on earth within one hour of its launch. The military sees this weapon as a counter-weapon to ballistic missiles which are now being developed in Iran, North Korea, and even China. China tested its own hypersonic weapon in January with more success.

US Taco Co Opens First Branch in Huntington Beach, California

An exciting new eatery, US Taco, has opened its doors in the iconic surfing mecca of California, Huntington Beach. Not quite fast-food, but not quite a restaurant either, US Taco is claiming its niche in the ‘fast casual’ upscale restaurant space.

According to Jeff Jenkins, the head of US Taco, the idea for this unique blending of good food with casual delivery was hatched by Taco Bell, the Mexican fast food giant, about 18 months ago. Jenkins was already employed by Taco Bell when he was given the opportunity to run with this idea. As he tells it, this was for him, the dream job.

About 6 months ago the idea became more public when Jenkins looked for their first location. He decided to look for an iconic location, and what is more iconic, Jenkins says, than “Surf City, USA!” The location is only 100 yards from the beach in Huntington Beach, a spot Jenkins believes could not be better to insure the restaurant’s success.
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President Obama Addresses the US-Africa Business Forum

In early August President Barack Obama spoke as the keynote speaker at the US-Africa Leaders’ Summit Business Forum, which was sponsored by Bloomberg Philanthropies and the US Department of Commerce.

Obama stressed the fast-paced growth taking place now in the continent of Africa. It is also one of the youngest continents in the world, in terms of the age of the population. Young Africans today are anxious to grow their economies and their businesses.

“We don’t look to Africa simply for its natural resources. We recognize Africa for its greatest resource which is its people and its talents and their potential,” stressed the President.

The online viagra pills problem of ED increases with age. We all have the desire to get it all right, to bring our lives in cialis generic france the fast lane and look good at doing it. It strengthens levitra 60 mg your male reproductive system. Men with these health conditions are noticed to be cialis generic canada irritable, annoyed, and depressed at the same time.

Obama continue to explain how the US is interested in partnering with Africa not only to be the beneficiaries of the wealth of resources found in Africa, but to benefit the entire world; the US and the African economies and beyond.

Listen to this speech and learn about the US hopes for economic cooperation with the countries of Africa.


Paychex Index Showing A Lot to Be Happy About

Jill Malandrino, correspondent for TheStreet, explains how the Paychex-IHS Small Business Jobs Index shows increased growth for the 12-month period leading up to June, 2014. According to Martin Mucci, CEO of Paychex, there has been growth of 0.23 percent spread over the 12 months leading to June. He pointed out that the National Index is near an historic high despite the fact that it went down to 101.07. The Index also shows that the mountain region has continued to lead the small business growth rate.

Mucci explained that the high-tech sector is the key to growth in the mountain region with some help from real estate improvements. Washington State and Texas are doing best. In Texas Dallas is ranked as the top performing metro area. Seattle and San Francisco came in second and third place.

When asked why the Mid-Atlantic States don’t show as much growth, Mucci answered that since the eastern seaboard did not crash as hard during the recession, its recovery would not be as dramatic as what we are seeing in the south and south-east.

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As far as how small business owners feel about job growth, Mucci said that the small business sector is showing continued optimism about the economic recovery.

 

Ackman to Reveal True Nature of Herbalife

CEO of Pershing Square Capital Management, Bill Ackman discusses the Herbalife investigation with Stephanie Ruhle. The investigation, which has been going on for about two years, is being conducted by the Federal Trade Commission. Ackman has been active for the last year and a half, trying to get a regulatory interest in the company. According to Ruhle, Ackman has not achieved his goal, however. Despite his best efforts, the price of the company’s stock has not been significantly affected.

With many examples Ackman shows that he has achieved his goals. For instance, he sites that the day after Pershing Square’s China presentation the FTC launched a formal investigation of Herbalife; the Department of Justice has launched a criminal investigation of the company; and the FBI has begun a criminal investigation. There are also several attorneys general who have launched investigations into Herbalife.

On July 22 Pershing Square will disclose at a New York City event an issue that has not been discussed before: an inside look at “nutrition clubs.” According to Ackman, evidence which has been collected over the past year shows conclusively that nutrition clubs, which Herbalife is just one example of, are “complete frauds.”
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CEO Enders Discusses Airbus Business

Andrew Parker, Aerospace Correspondent for the Financial Times, interviewed the chief executive of Airbus Group, Tom Enders, at the Farnborough air show. Enders discussed the competitive edge Airbus should have over Boeing now that they have launched a new version of Airbus’s popular A330. The A330 is more fuel efficient and has improved aerodynamics. Enders explained that the new plane will increase the range it can fly, creating for Airbus a stronger portfolio than they have ever had in the past.

Considering a new plane that is to be delivered to Qatar by the end of the year, the Airbus 350, the competitor with the Dreamliner, Enders discussed the difficulties of keeping up with demand so that they can fulfill the increasing number of orders for the plane that is expected.

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Also discussed was how Airbus can compete better with the US defense market. Enders said that Airbus has resigned themselves that they are not going to be able to compete with the US defense establishment, but are happy to continue in their small niche. Airbus still owns the largest defense business in Europe, Enders emphasized.

What the Billionaires are Buying

Roman Abramovich

Roman Abramovich

Curious what people with unlimited resources spend their numerous greenbacks on? Bloomberg Ranx put together a list of four astronomically expensive luxury items that only the world’s richest 1% can afford to own.

• The most expensive car of 2014 in the Lamborghini Veneno Roadster. Only nine of these amazing luxury vehicles were produced so far this year. They can reach a top speed of 221 mph and can be yours for a mere $4.5 million. Why not get two?

• Cars seem to be all the rage these days, and not just recent models. In the classic car department the Mercedes-Benz 1954 W196R “Silver Arrow” has the distinct designation as the most expensive car ever sold at auction. Only 14 vehicles were ever produced. An anonymous bidder took this baby home for $33,636,351. Wow!

• It seems billionaires are not happy just staying put, since they seem to be spending the big bucks on means of transportation. The second most expensive billionaire’s toy turns out to be an airplane. Russian billionaire Alisher Usmanov purchased his very own custom Airbus A340-300X. This airplane which has a 9000 mile range on just one tank of gas can hold 375 of Usmanov’s best friends. It is actually larger than the plane that Vladimir Putin uses for his jaunts around the Russia and beyond. But what the heck, for only $500 million who wouldn’t run out and buy their own plane?
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• The most expensive luxury toy is another way to get around the world, just a bit slower than in a plane, and a bit more relaxing then speeding around in a car. A yacht dubbed the Eclipse, and owned by another Russian billionaire Roman Abramovich. The Eclipse is a generous 536 feet long, has two swimming pools, a mini-submarine, and set Abramovich back about $1.5 billion.

Songza Media: Is It Worth It?

Global X Management CEO Bruno Del Ama, Graham Fisher’s Joshua Rosner and Bloomberg’s Julie Hyman all take turns commenting on Google’s purchase of startup Songza Media. Here, they speak with Trish Regan on “Street Smart”.

They discuss that it’s certainly not surprising that Google wants to get into the very hot music business. Google has already tried to display Facebook with Google Plus and has had a very hard time doing so. Amazon has already entered this market with streaming music for their Prime subscribers. However, Amazon is only offering music that is six months old. This makes it questionable if Amazon will be a force in this space. Google, of course, is trying to become a real player here and time will tell if it succeeds in doing so.
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