What We Learned This Week - Global Trade Magazine
  February 27th, 2015 | Written by

What We Learned This Week

That just because the beer-battered, Lucky Charms-encrusted shrimp is All-You-Can-Eat, doesn’t mean you should, and …

SOMETIMES SOLVING A PROBLEM, DOESN’T … While there was much joy at the news of a resolution of the  disastrous conflict between the International Longshore and Warehouse Union and the Pacific Maritime Association which slowed West Coast ports to a near-standstill, some people’s happiness was a good deal sadder. First in that group are western agricultural exporters who have already lost millions in sales and will need several weeks to a couple months before they see a normal flow of their goods to Asia. Especially hard hit among that group were California citrus growers who export about a quarter of their fresh crop—naval oranges, lemons—to Asia starting in late December and running through April. It’s estimated that because of the port slowdowns growers lost about 25 percent of those export opportunities. “Certainly all of our issues and problems with this are far from over,” said Kevin Severns, general manager of Orange Cove-Sanger Citrus Association, a grower cooperative citrus packinghouse in Fresno County. “Our growers are going to feel the reverberation of this for months to come.”

NO ONE FLIPS LIKE LAS VEGAS … The Las Vegas Convention and Visitors Authority announced it would acquire the 26-acre site that used to be the Riviera Hotel and Casino and develop it as part of its Global Business District. The district is classic Vegas, i.e. it’s BIG—the Riviera property will be developed to include 750,000-square-feet of new exhibit space as well as 187,500-square-feet of supporting meeting space as part of a 1.8-million-square-foot expansion a long with a $2.3 billion renovation of the existing Las Vegas Convention Center that will include the addition of a 100,000-square-foot general session space and 100,000-square-feet of meeting space—and it’ll be done FAST. Estimates are that the construction project will take a zippy five to eight years. Hit me! Man, Vegas can tear down and build up faster than an adolescent girl getting rid of the Jonas Brothers (gross!) to make room for Justin Bieber (peachy!) Ironically, in 20 years, both will take turns opening for Cher’s zombie.

 


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