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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (16578)	7/31/2009 7:07:10 PM
From: puborectalis	Read Replies (1) \| Respond to of 103300

Delmonico’s Reports the Green Shoots Are Not Just Asparagus By Allison Abell Schwartz July 31 (Bloomberg) -- Dennis Turcinovic, managing partner of Delmonico’s steakhouse, said he knew things were looking up when a table of Wall Streeters ordered a $4,000 bottle of Far Niente Cabernet Sauvignon last month. It was the first he had sold since January. “We’re seeing the old times coming back,” said Turcinovic. “People are starting to spend a little money again.” The restaurant, which used to sell about 10 four-figure bottles a week before last September, has sold that many since June, he said. With investment banks reporting profits again -- and record earnings at Goldman Sachs Group Inc. -- there are signs of recovery among the businesses their executives patronize. Revenue at the restaurants, car services and headhunting firms that cater to Wall Street slumped as much as 60 percent after the collapse of Lehman Brothers Holdings Inc. in September. According to the New York State Department of Labor, about 37,500 jobs in the financial industry were lost between last August and May 2009. Delmonico’s, a 172-year-old Manhattan steak house which gets 60 percent of its business from Wall Street firms, said revenue has increased about 5 percent since June. Passenger traffic at US Helicopter, which carries executives between Manhattan and John F. Kennedy International Airport and New Jersey’s Newark International Airport, has increased since May, according to Donal McSullivan, chief marketing officer. ‘It’s Real’ The company, which had cut the number of trips it offered by 10 percent to 15 percent starting last September, has started adding flights to its schedule to keep up with demand, said McSullivan. It now runs 44 trips a day from two heliports along the East River, one downtown near Broad Street and the other near East 34th Street. Price of a one-way 8-minute flight: $159. “It’s gradual, but it’s real,” McSullivan said in a telephone interview. “We’re seeing a trending in the direction that pleases us.”