All posts by Amelia Jacobs

About Amelia Jacobs

Amelia Jacobs began her career in business following a surprisingly successful trip to China. Having visited the region as a tourist, she returned to America as an import-exporter. Today, Jacobs runs a thriving import-export company, splitting her time between Chicago and Shanghai. Contact Amelia at amelia[at]businessdistrict.com

Jazz Musician Beylar Eyubov Making Debut in West

Not many people have heard of Beylar Eyubov, but in Azerbaijan, he was an up and coming folk & jazz musician with a loyal following of fans dedicated to his music. Before relocating to Brooklyn in the late 90’s, Eyubov had appeared in several Azerbaijani music festivals, toured around Eastern Europe, many cities of the former Soviet Union, and even Japan.

In 1997, after much consideration and support from his fans, Beylar Eyubov decided the time was right to move to the West. He made his first U.S. home base in New York City for a short while before moving out to Brooklyn, where he still resides this day. He recalls his travels while making his way out West. On his way to New York Eyubov performed during a short stopover  in London,  in some of the more well-known clubs in the West End, and then headed out to the States.

Jazz music is a popular genre in Azerbaijan, the foundation of which was laid right before World War II erupted by the State Pop Orchestra- also known as “State Jazz.” The ensemble was at first composed of three trombones, a trumpet, five saxophones, a piano, a guitar and of course percussion.

Having such a talented musician as Beylar Eyubov come to live and work in New York brings the Western influence of Eastern jazz full circle. During the post-war years the oppressive hold the Soviet regime had on its citizens hindered the full development of jazz, such as in the case of  great musicians like Parviz Rustambyov, the so-called Benny Goodman of the USSR, who was ‘purged’ by the Soviets in 1949. But now, a new generation of jazz musicians unhindered by the same type of oppression,  like Beylar Eyubov has arrived in the West.

Emirates Airways Reaching Out to US

Emirates Airlines expanding to USA
Emirates Airlines expanding to USA

The Dubai-based airline, Emirates, is pursuing a business plan which hopes to incorporate more American business travelers into its business model.

The airline just opened a new route between Dubai and Chicago’s O’Hare International airport, the ninth US city that they fly to. Five months before Emirates introduced a new route to Boston, adding to already established routes between Dubai and Los Angeles, New York’s JFK, San Francisco, Seattle, Washington Dulles, Dallas/Fort Worth, and Houston’s Bush Intercontinental airports.

In addition to increasing the cities in the USA that they service, the sometimes controversial airline is removing many of its smaller 777s and replacing them with jumbo jets to accommodate more passengers on each journey.

“The growth of Emirates in the U.S. is really at a very high pace,” says Hubert Frach, Emirates’ divisional senior vice president, commercial operations west.

“It’s a market strong, and with high potential, for business travel. And it’s a very strong outbound market, and certainly also a very strong inbound market for tourists, for visitors coming to the gateways in the U.S.”

Summer Sales Up: Feeds Growth Expectations

Retail Sales Going Up
Retail Sales Going Up

The US Department of Commerce announced an increase in retail sales by 0.6 percent in August, based on increased car sales and a wide range of other goods. July showed a 0.3 percent rise sales as well.

These figures, combined with an improved measure of consumer confidence, which reached a 14-month high in September, are allaying fears about the US economy, helping to spur further growth.

“It is further indication that the underlying positive momentum in the US economy is being sustained,” said Millan Mulraine, deputy chief economist at TD Securities.

The consumer sentiment index of the Thomson Reuters/University of Michigan, reached 84.6 in the early days of September, which was the highest number sinc3e July 2013. In August the index was at 82.5.

US District Court Dismisses Apartheid Suit Against Ford and IBM

After lingering in the US justice system for 12 years, a federal judge dismissed the lawsuit which accused the Ford Motor Company and IBM of aiding and abetting human rights violations in what was then apartheid South Africa.

US District Judge Shira Scheindlin justified the dismissal by explaining that the plaintiffs, who are black South Africans, did not show “relevant conduct” within the US by IBM and Ford to find the companies responsible.

IBM and Ford, in addition to other companies, were accused of helping the government of South Africa, which was practicing apartheid at the time; commit serious human rights violations including torture and murder, by selling military vehicles and computers to the security forces of the regime.

The lawsuit was brought under a 1789 law known as the Alien Tort Statute. This law allows non-US citizens to bring lawsuits against US entities who may have committed crimes violating international law. In April last year the US Supreme Court said that the law only covered laws broken in the US; or violations outside the US that “touch and concern” US territory “with sufficient force.”

The following August the federal appeals court in Manhattan asserted the Supreme Court’s decision, saying that the cases against IBM and Ford should be summarily dismissed.
This past April Judge Scheindlin allowed the plaintiffs to have just one more chance to try and meet the standards set by the Supreme Court’s decision. This past week Scheindlin announced that the plaintiffs did not meet that standard. She said that any supposed violations of international law were performed by the company’s South African subsidiaries, and off of US soil.

“It’s been 12 years. We’re devastated by the decision,” said Diane Sammons, a partner at Nagel Rice in Roseland, New Jersey, who represents some of the plaintiffs.

Office Depot to Close 400 Stores by 2016

As a result of the merger of Office Depot and OfficeMax on November 5, 2013, the newly formed giant corporation found itself with many branches which duplicated their presence in certain locations. By the end of the first quarter of 2014 the company had 1,900 stores across the US. The closing of 400 outlets represents a 21 percent reduction in retail shops.
Office Depot did not disclose how many layoffs the closures will result in. However the company did say that they will be relocating their most talented employees in other job slots whenever they can.

“The overlapping retail footprint resulting from the merger provides us with a unique opportunity to consolidate and optimize our store portfolio, while maintaining the retail presence necessary to serve our customer,” stated Chairman and CEO Roland Smith.

Office Depot said in announcement last Tuesday that 150 stores will be closed down during the fourth quarter of 2014. Fourteen stores were already closed down during the first quarter of 2014. Office Depot is aiming for the closure of all 400 redundant stores by the end of 2016.

The bottom line for the giant office supply company should improve by about $75 million in saved annual revenue by the close of 2016. Earning should begin to go up already by next year.