American Dollar to Canadian Dollar = 0.766065; American Dollar to Chinese Yuan = 0.152256; American Dollar to Euro = 1.186356; American Dollar to Japanese Yen = 0.009631; American Dollar to Mexican Peso = 0.049618.
https://www.x-rates.com/table/?from=USD&amount=1.00
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GDUSA’s American Inhouse Design Awards™ is the premier showcase for outstanding work by in-house designers. It is a unique opportunity for in-house designers at corporations, non-profits, institutions, universities, government, associations, media companies and other organizations with an in-house designer or team to be recognized by managers, colleagues and the community for their creativity, for the special challenges they face, and for the full value they bring to the table.
For well over a year, virtually all of our economic indicators flashed “recession.” However, it didn’t happen, at least not yet. Now it’s looking more like a “jobless recovery” from an “almost recession.” The stock market is hitting record highs, gold set a new record high, corporate earnings are very good, consumer spending is solid, and inflation is subdued.
In this context, the Small Business Optimism Index has managed to break out of its funk, running below 99 from October 2021 to October 2024, then rising to over 105 in December 2024. The current reading of 100.8, while lower than late last year, is above the 51-year average of 98.
As good as all that sounds, that’s not the whole story. Hiring remains weak, and labor quality is the top business problem. Unfilled job openings are disappearing, but not because they are filled. Actual and planned capital spending remain weak, hopefully the new depreciation rules and permanent 20% small business deduction will stimulate some investment spending. Owners are optimistic about improving business conditions by year end, hopefully stronger sales and more favorable tax rules. For now, the economy is on a good footing, but small business owners are hoping that their “uncertainties” will be favorably resolved.
Earlier this month we lost a paper industry legend and a dear friend to many. This is a close-knit business we find ourselves in and the relationships we build stand the test of time. And so, it was with Tom Gallagher.
Affectionately known as Moose to his friends, Tom was born in Portsmouth, Ohio in 1947. He left us on July 5 at the age of 77. He lived his live to the fullest and those who knew him can attest to that.
Tom attended the U.S. Naval Academy and graduated from The Ohio State University in 1977. He remained a lifelong and loyal Buckeye. Many of us got to know Tom as the sales leader at MEAD during the 80’s and 90’s where he spent a majority of his career. After retiring from Mead Westvaco in 2003 he was recruited to work for the West Linn Paper Company and subsequently finished his paper career at Port Hawkesbury. Tom was larger than life in so many ways. He filled a room with laughter and energy. You would not find a more loyal friend and partner. But you did not want to test his Irish temper. He encountered physical challenges later in life and it never got him down. His spirit prevailed and he was always ready for the call. As the Irish say, “his likes will not be seen again”. And so, we leave him to the rest of his journey and cherish the memories he created with us.
Tom had 4 children and 9 grandchildren. He was preceded in death by his wife of 55 years, Cheryl (Rice) Gallagher. Safe home Tom Gallagher.