National / International News
First up on today's show, as the markets have been up in the U.S., we look at if this trend will continue into 2015. And we follow up on news that the CEO of Uber has been indicted by South Korea. Plus, ‘tis the season for Christmas trees. We profile a business that provides Christmas tree delivery service to residents ... by elves.
Two classic Christmas dishes beloved by the people of Guyana are pepperpot and garlic pork. To get the flavors just right, you have to cook them and let them sit out for weeks.
While weather-related travel delays can throw a wrench into holiday plans, that doesn't mean it's bad news for everyone. After all, what do people do when they get stuck in an airport or decide to bail out on a traffic jam? Spend money.
We look at who wins when travelers are the losers.
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Most of the year, Brandon Johnson makes a living as a lumberjack. He runs a business in Minneapolis, Minn. trimming and clearing trees. But cold and snow make it hard to scale trees in the winter.
So, Johnson came up with a side job for the holidays: delivering Christmas trees ... dressed as an elf.
“Essentially, I take all my guys from my tree business for the rest of the year and we just transition from lumberjacks to elves,” he says.
Johnson recently delivered a Christmas tree to a home in St. Paul. He was dressed in full elf attire: tight yellow pants and a green tunic.
“These were uniforms issued straight from the North Pole,” he says. “That's just what Santa requires for us elves.”
Johnson often blasts Christmas carols from the truck when he pulls up at a home. A big sign on the truck reads, "Santa's Tree Delivery."
Included in the standard $130 delivery package for a 7 foot Fraser fir is the chance for any children in the house to rub elbows with Santa's helper.
“How old is Santa Claus?” asked Ollie Koelb, the homeowner’s eight year-old granddaughter.
“I don’t know if anyone actually knows,” said Brandon the Elf. “He's getting up there. He's old.”
Johnson and two of his elf pals have delivered roughly 100 trees around the Minneapolis-St. Paul area this season. Johnson says the big trees are the most profitable. He can charge as much as $450 for a sixteen-footer.
Johnson hopes to ramp up the business next year with a big marketing campaign and more man — or elf — power to speed the deliveries, maybe even out of state.
The sharp fall in the Russian ruble is having an impact on the British capital—It’s sparked a wave of near panic-buying at the top end of the London real estate market.
President Putin once dismissed Britain as a small island nobody pays any attention to anymore, least of all the Russians, but that hasn’t been Gary Hersham’s impression.
“In the last few weeks, we’ve noticed an upturn in the number of enquiries we’ve had from Russian purchasers,” says Hersham, the founder of the upscale Beauchamp Estates. He has half a dozen Russian clients clamoring to spend as much as $30 million each on a London home. “These are all cases of people wishing to live in London more or less permanently,” he adds.
And he’s not the only London realtor enjoying a boom as Russians scramble to protect their wealth. Becky Fatemi of the Rokstone agency claims to have registered six new Russian clients over the last week—practically a stampede in the discreet world of the super rich.
They’re coming to London, says Fatemi, because it’s a home away from home for them; a quarter of a million mostly wealthy Russians already live in the British capital. “London works for them due to its proximity to the south of France, Cannes, Monaco, Ibiza and other summer hotspots,” says Fatemi. “New York is a seven-hour flight, Russia is a four-hour flight. And here they can feel safe and secure.”
Rich Russians are made very welcome in Britain. If they have more than $3 million to invest, they can get a visa in as little as 24 hours; if they have more than $15 million they can apply for citizenship after only 2 years. The number of British “investor visas” issued to Russians soared by 69 percent in 2014 as they fled the economic crisis at home.
But one well-known British realtor says the Russian bonanza could be short-lived.
“I think there will be a slashing of demand from Russian buyers in London and indeed in other major cities," suggests Russell Quirk, boss of the eMoov online real estate firm. He says the current flurry of interest is from Russians who anticipated the ruble collapse and got their money out beforehand. Now he thinks there could be a Russian sell-off at the top end of the London market.
“You might be persuaded to liquidate your UK assets in order to have money because your Russian assets have plummeted in value,” says Quirk.
Even in the depths of the recession, retailers hired several hundred thousand extra workers to stock shelves and run registers during the holiday shopping season. This year, it will be double that. Outplacement firm Challenger, Gray & Christmas predicts retailers including Amazon, UPS, Fedex, Macy’s, Target, GameStop, and others will have added as many as 800,000 seasonal workers from October through December—more than any year since 2000.
CEO John Challenger points out that with Black Friday losing its prominence and consumers spreading their shopping out right up until Christmas, retailers are continuing to hire as store traffic warrants well into December.
And he notes that 2014 has been a good year for non-seasonal hiring as well. “Three million more people are working now than in November 2013,” says Challenger. "And that adds to the spending power of American consumers during the holiday season.”
Many seasonal retail jobs are low-wage and part-time. But Kristy Stromberg at job-search site simplyhired.com says limited hours aren’t necessarily a bad thing: “Some people are looking for that. One of our highest job-search keywords is ‘part-time.’”
The work is also mostly temporary. “For the most part,” says Challenger, “the jobs added to the economy go away in February and March.” He estimates one in ten seasonal retail workers ends up being hired on permanently after the holiday shopping surge is over.