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Owner cites Covid, supply chain issues, inflation as popular pub closes
The Big Game is big business for bars. But for a Central West End staple, it was last call before closing the doors for the final time.
For the last 15 years, the West End Grill & Pub has been one of the shining lights of the Central West End.
“I love this place because it’s our neighborhood cheers,” said Vicki Wheeler.
Wheeler and her friends packed the pub on Super Bowl Sunday, but unfortunately, no one was celebrating.
“We could’ve closed quite frankly two years ago,” said owner…
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Why planning for an exit matters
Like many business owners, “Rich” spent much of his decades-long career focused on the day-to-day operations of running a company. He saw the business as an extension of his family, with the tacit assumption that his daughter would one day take the helm. That day never came, and when Rich decided it was time to retire, he needed to sell the company.
He convened a team of advisors – including a Certified Exit Planning Advisor, or CEPA – to help prepare for a sale. Since Rich was well aware…
Preparing for a demographic shift in wealth management
For years, economists and wealth strategists have looked to 2030 as a key milestone for retirement and estate planning. That’s when, according to the Census Bureau, all members of the baby boomer generation will have reached the traditional retirement age of 65. The financial services industry refers to this period as the “Great Wealth Transfer” because we’re seeing major age and gender demographic shifts among those coming into, and managing, wealth.
To build on that, another statistic…
Mark Vittert's Reflections: The bias of first impressions
St. Louis Fed president's call for higher interest rate hikes 'realistic,' money manager says
Bullard, president of the Federal Reserve Bank of St. Louis, told Bloomberg News he wants a full percentage point of interest rate increases over the next three meetings of the central’s bank’s policy meetings, in light of the hottest inflation reading in nearly 40 years. Here's why one St. Louis money manager says Bullard introduced a 'a much-needed dose of realism' into the inflation debate.
Aerospace manufacturer, with about 900 workers, to close its St. Louis plant
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Eager to close deals, banks make big promises to minorities. It's not clear if they follow through.
A St. Louis group has found success in using proposed mergers to get banks to agree to invest in low-income and minority communities. But the system lacks any means for enforcing the agreements, most of which are obscured from the public, leading to questions of whether banks are holding up their ends of the deals.