SC business notebook, July 24
07/23/2013 11:00 PM
07/23/2013 9:45 PM
Myrtle Beach boardwalk one of ‘America’s Most Awesome’
MYRTLE BEACH The Myrtle Beach boardwalk has gotten another shout out – this time from Budget Travel. The boardwalk, which opened in 2010, made the cut as one of America’s Most Awesome Boardwalks alongside the likes of the iconic Atlantic City Boardwalk in New Jersey; Coney Island in Brooklyn, N.Y.; Ocean City Boardwalk in Maryland; Venice Beach Boardwalk in California and the Virginia Beach Boardwalk. The online travel guide, which also publishes a print magazine six times a year, spotlighted 19 boardwalks for its list. Another one from the Carolinas made the cut, the boardwalk in Carolina Beach, N.C. The write-up says the 1.2-mile boardwalk welcomes visitors with its “charm and hospitality.” And continues: “This one’s just a baby compared with some of the historic boardwalks on our list. Opened just four year ago, this place feels as if it’s been here forever.” In June, Myrtle Beach ranked 12th in USA Today’s list of 24 best boardwalks for food in the USA.
Ford, Toyota end joint research into hybrid systems for trucks, SUVS
DEARBORN, Mich. Ford and Toyota are ending joint research into hybrid systems for trucks and SUVs. The companies said Tuesday that they will each develop the systems independently. Ford and Toyota agreed to the partnership two years ago after the CEOs of both companies met by chance in an airport. Engineers talked frequently and paid visits to each other’s labs. But Ford product development chief Raj Nair said both companies need to focus on finishing development and putting the systems into vehicles. Ford wants to offer hybrid trucks and SUVs by the end of the decade. There is currently no full gas-electric hybrid system on the market for rear-wheel-drive vehicles like trucks.
Investors say they’d need at least $5 million to feel ‘wealthy’
Sometimes $1 million isn’t enough. According to a quarterly UBS Investor Watch survey, nearly 70 percent of investors polled said a million bucks didn’t make them wealthy. To feel “wealthy,” most investors said they’d need at least $5 million, according to the report. The poll also found that half of investors define wealth as being able to live without financial constraints. About 10 percent defined being wealthy as never having to work again. The poll, released Monday, also asked investors about other thoughts concerning wealth and spending. Nearly 30 percent of investors said their top concerns involve health care and long-term care. Their next top concern was providing for their grandchildren and children.
The (Myrtle Beach) Sun News, Los Angeles Times and The Associated Press contributed.
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