Local & State
100 employers expected at Midlands job fair
Job seekers and employers in droves are expected Tuesday for a job fair at Columbia’s convention center.
Nearly 100 employers are likely to show up from 9 a.m. to 3 p.m. for the event at 1101 Lincoln St. The second annual job fair is sponsored by nine Midlands chambers of commerce, private college ECPI University, IT-oLogy and Alpha Media.
The event is intended for professional but is open to the public. Last year’s event attracted 60 employers and 2,000 people looking for jobs.
Elevated rapid transit coming to Greenville?
At first it sounds implausible, and it just might be, but a Greenville County-affiliated board has asked for bids to build a personal rapid transit system filled with tiny, futuristic-looking electric podcars on an elevated line that could stretch across 20 miles to connect high-traffic locations in Greenville.
At least two Greenville County councilmen believe it’s going to happen. And soon.
Four companies said they plan to file a proposal to design, build and privately finance the system, which, if built, would become one of five in use in the world.
The immediate plan would likely cost north of $50 million to build a 4.2-mile line off Laurens Road from Verdae Boulevard to East Washington Street.
Nation & World
Nasdaq comes close to 15-year-old record
The last time the Nasdaq was this high, Bill Clinton was president, your Internet was probably still dial-up, Microsoft dominated the tech world and the iPod, iPhone and iPad didn’t exist.
Fifteen years later the Nasdaq has again closed above 5,000 and is close to topping its record from the dot-com boom. The index has clawed back, riding a six-year bull market, and is now 40 points from its all-time closing high of 5,048.62 reached March 10, 2000.
On Monday, the index climbed 44.57 points, or 0.9 percent, to 5,008.10. The index is up 5.7 percent this year, the best performance among major U.S. stock indexes. One caveat: taking the effect of inflation into account, the index would have to rise much further to match its highs from the dot-com era.
• Michael Jordan and two other NBA owners have reached new heights, making Forbes world list of billionaires. Forbes released its list on Monday and noted that Jordan’s net worth is estimated at $1 billion, thanks to his well-timed investment in the Charlotte Hornets.
• Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network after 16 years. The deal is subject to Citi buying the company’s co-branded credit card portfolio, Costco said.
• U.S. car buyers would have to get most repairs subject to a recall performed before registering their vehicles under legislation being introduced by two Democratic senators concerned that too many defects are ignored. The bill would require state motor vehicle departments to inform car owners of any incomplete recall repairs when mailing out renewal forms, and would deny registrations in many cases until recalls are completed.