first_imgDiscount retailer Happy Days will create 35 new jobs with the expansion of six more stores in Co. Donegal, this year, bringing the total to 50.The announcement comes on the week the retailer opens its third outlet, located on Letterkenny’s Main Street, in the unit formerly operated by The Price is Right.The company has outlets in Ballyraine, Letterkenny and in Glenties and currently employs 16 people. However, they are actively seeking six further stores which intend opening across the county this year. The Manager of Happy Days Letterkenny, Damien McCormack said: “Our first store opened in Letterkenny in 2011 and due to its success and rapid growth we sought to acquire new space in Letterkenny as well as in other parts of the county.“Our intention is to open six new stores this year, so we are now inviting existing or former retailers or property owners to get in contact with us from any area of the county.”Happy Days offer a range of branded discounted products and encourage people to ‘shop with them first’.  Happy Days maintain their entrance to the Donegal retail market will ensure that even more money is kept in the local economy.Meanwhile, the opening of the Main Street outlet is seen as a vote of confidence for the area which has seen a number of high profile businesses close over the past 24 months. Damien McCormack says that consumer behaviour has changed in that “people are now carrying out their weekly shopping in a number of outlets in order to secure best value. Our stores offer value on a broad range of branded household and consumables hence our rapid growth.”Happy Days say they are now offering an attractive deal to business owners who want to leave their own business or who have a premises to rent. Management have indicated they would also consider taking over a petrol station offering discounted fuel.Anyone interested in talking to Happy Days about a retail opportunity can email [email protected] HAPPY DAYS! 50 NEW JOBS FOR DONEGAL AS RETAILER EXPANDS ACROSS THE COUNTY was last modified: February 20th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:HAPPY DAYS! 50 NEW JOBS FOR DONEGAL AS RETAILER EXPANDS ACROSS THE COUNTYlast_img read more

Summer trade deficit sets record

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: John Jackson greets a Christmas that he wasn’t sure he’d seeOn Wall Street, the Dow Jones industrial average fell 4.25 points to close at 12,441.27 on Monday. It was the first time in four sessions that Wall Street had a down day. At current levels, the United States is borrowing more than $2 billion a day from foreigners to finance the trade deficit. While foreigners have been happy to sell their cars, clothing and computers to Americans and hold dollars in return, the worry is that at some point the desire for dollar-denominated assets could weaken, triggering sharp declines in the value of the dollar and pushing interest rates higher. Analysts noted that for the third straight quarter, foreigners earned more on their U.S. investments than Americans did on their foreign holdings, sending the deficit in investment flows to a record of $3.8 billion. The current account deficit is expected to hit a new record for the full year, far surpassing last year’s record of $791.5 billion although some analysts said they believed the third-quarter figure would represent the worst of the deficit numbers. WASHINGTON – Pushed up by soaring oil prices, America’s trade deficit surged to a record high in the summer, but analysts predicted a slowly improving imbalance in the months ahead. The current account trade deficit increased 3.9 percent to an all-time high of $225.6 billion in the July-September quarter, the Commerce Department reported Monday. That third-quarter deficit was equal to 6.8 percent of the total economy, up from 6.6 percent of gross domestic product in the second quarter. The current account is the broadest measure of trade because it tracks not only the flow of goods and services across borders but also investment flows. It represents the amount of money that must be borrowed from foreigners to make up the difference between imports and exports. “Lower oil prices, robust export growth and some cooling in import growth should bring the deficit down, beginning in the fourth quarter,” said Nigel Gault, an economist with Global Insight, a private forecasting firm. He predicted that the deficit would average around $866 billion this year but shrink moderately to $816 billion next year. But imbalances at this level will still leave U.S. financial markets vulnerable to foreign investment patterns, economists said. “The expected modest improvement in the current account deficit is not that encouraging since the overall shortfall will remain very large, keeping external financing risks elevated,” said Michael Gregory, an economist at BMO Capital Markets Economics. Democrats, who took over control of the House and Senate in the November elections, attacked President George W. Bush’s trade policies, charging that the administration has failed to protect U.S. workers from unfair competition from China and other countries. Treasury Secretary Henry Paulson led a high-level delegation that included seven members of Bush’s Cabinet and Federal Reserve Chairman Ben Bernanke to Beijing last week for two days of talks aimed at resolving long-standing trade problems. However, the two sides reported no breakthroughs on the biggest issues such as American manufacturers’ complaints that China is manipulating the value of its currency to gain trade advantages. The $225.6 billion deficit for the third quarter was in line with economists’ expectations. It followed a $217.1 billion shortfall in the April-June quarter and topped the previous record of $223.1 billion in the final three months of last year.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more