By Ian Sherr

When Whole Foods Market Inc. opened a store in San Francisco’s Haight-Ashbury early this year, many locals and community leaders hoped it would help improve a grungy corner of their famous neighborhood. Nearly a year later, they’re still waiting.

Since the upscale market opened in February across from a section of Golden Gate Park known as Alvord Lake, known for attracting drug dealers and homeless people, crime within a 500-foot radius of the store has shot up, according to the San Francisco Police Department. At the same time, Whole Foods hasn’t lifted the overall neighborhood’s business prospects, sales-tax receipts data from the San Francisco Comptroller’s Office show.

While the Whole Foods store has brought new customers to the neighborhood, changing the feel of the area, “the riffraff hasn’t gone away,” says Joe Goldmark, who co-owns an Amoeba Music store across the street from the store.

For its part, Whole Foods has tried to meet these challenges. It hired security guards and one plainclothes officer who are at the store throughout the day. The store’s management also regularly confer with police about crime in the area.

The company has also tried to help improve the local economy in Haight-Ashbury by partnering with local food producers in its efforts to offer healthy food to customers. “We’re always concerned about the neighborhoods we’re in,” said Libba Letton, a Whole Foods spokeswoman, who added that the store’s managers are always looking for more ways to help the community.

Whole Foods’ experience in Haight-Ashbury so far shows how nearly a half-century after the 1960s “Summer of Love,” when thousands of people swarmed the neighborhood as part of the counterculture movement, the area is still grappling with the uneven gentrification unfolding there.

Today, vacationers flock to the area to snap pictures of the famous intersection at Haight and Ashbury streets. The neighborhood has become a destination for tech workers, as well as aging hippies and runaway youths. Amid that mix, property values have risen over the years, but some areas, like the end of Haight Street that Whole Foods inhabits, have improved at a snail’s pace.

To read the rest of the story, either contact me directly or read more online at the WSJ: here. (subscription required)

(Originally published Dec. 8, 2011, in the Wall Street Journal.)

By Ian Sherr

Investors may be undervaluing Apple Inc. even as its shares near all-time highs on the strength of hit gadgets like the iPhone and iPad.

On Wednesday, investors had a new reason to re-evaluate one of the most popular destinations for equity investments: the resignation of co-founder Steve Jobs as chief executive.

Apple shares on Thursday eased $2.46, or 0.7%, to $373.72 in 4 p.m. Nasdaq Stock Market trading, as investors paused to consider how the company might change, even though Mr. Jobs’s departure wasn’t unexpected.

The ebb in Apple’s share price will likely prove fleeting, analysts and investors say. The company has built commanding positions in its mobile-device business, enjoys margins that are the envy of other manufacturers and has created a brand as closely associated with technology as that of Nike Inc. is with athletic equipment. The company also has $76 billion in cash that accounts for more than a fifth of its market valuation.

Analysts at Goldman Sachs expect Apple’s shares to grow by nearly a third to $490 over the next 12 months, a view broadly shared in the analyst community.

“Apple is priced like they’ve taken all the market share they can and I think that’s crazy,” said Kevin Landis, president of SiVest Group, which owns Apple shares. “It’s on its way to being the most innovative and dominant consumer electronics company in the world, and the lock they have on the market is breathtaking.”

To read the rest of the story, either contact me directly or read more online at the WSJ: here. (subscription required)

(Originally published August 26, 2011 in the Wall Street Journal.)

By Ian Sherr

Chinese regulators are clamping down on Internet-phone services that aren’t provided by the country’s state-owned telecommunications companies, according to Chinese media, a move that could make services like Skype SA unavailable in the world’s most populous country.

The Ministry of Industry and Information Technology said voice-over-Internet protocol, also known as VoIP, services are illegal on the Chinese mainland unless they are provided by China Telecom Corp. and China Unicom Ltd., according to a report in Shanghai Daily on Thursday. The newspaper said the ministry hadn’t determined a timetable for implementing the ruling, which was released earlier this month.

Wang Baodong, a spokesman for the Chinese Embassy in the U.S., said he was unaware of the development, but added that it sounded consistent with the government’s prior actions. “The Chinese government regulates the Internet according to its laws and by following international standards,” he said.

The decision could become a roadblock for Luxembourg-based Skype, which last week suffered a global service disruption that lasted for roughly a day. The company is seeking new users, especially business customers that pay to use premium services, as it gears up for an initial public offering.

To read the rest of the story, either contact me directly or read more online at the WSJ: here. (subscription required)

(Originally published December 30, 2010, in the Wall Street Journal.)

By Ian Sherr

Apple Inc. will unveil Wednesday a new version of its computer operating software, a development that comes as the consumer-electronics giant makes a more aggressive move to expand in a market that has historically eluded it: corporate customers.

The Cupertino, Calif.-based company will hold an event dubbed “Back to the Mac,” a reference to its line of laptop and desktop computers. The event, which comes just two days after Apple’s planned fourth-quarter earnings release, will feature new bells and whistles in the software that powers Macs and possibly new computer models.

The event comes amid Apple’s rapid transformation. Once known for computers popular with students and graphic designers, the company morphed into a mobile-device giant as its iPod, iPhone and iPad products took off with consumers. Now, those devices are proving popular with business executives, driving Apple to aggressively move into the corporate market.

To read the rest of the story, either contact me directly or read more online at the WSJ: here. (subscription required)

(Originally published Oct. 18, 2010, in the Wall Street Journal.)

By Ian Sherr

SAN FRANCISCO—California’s top court ruled Monday the state has the authority to furlough state workers, potentially clearing one more hurdle to the eventual passage of California’s budget.

In a unanimous decision, the Supreme Court of California ruled the state’s 2010 budget, passed in 2009, gave Gov. Arnold Schwarzenegger authority to furlough state workers being paid under that budget. The ruling doesn’t directly address furloughs recently enacted by the governor. California is currently operating without a budget.

To read the rest of the story, either contact me directly or read more online at the WSJ: here. (subscription required)

(Originally published Oct. 4, 2010, on Dow Jones Newswires and WSJ.com.)

By Ian Sherr

CHICAGO (Reuters) – ANALYSIS – Major U.S. freight railroads and their advocates have argued for years that government investment is needed in the country’s rail system to take freight off congested highways and keep the economy moving.

But supporters say rail investments have been largely ignored by Congress, suggesting political support is lacking, despite warnings action must be taken sooner rather than later.

“We’re in a growing crisis in terms of investment,” Republican Congressman Tom Petri of Wisconsin, who is a member of the House Transportation and Infrastructure Committee, said in an interview. “Any serious country needs to take a long-term perspective and make reasoned investments in its future.”

But many rail analysts are skeptical government will act.

(more…)

By Ian Sherr

CHICAGO, July 31 (Reuters) – The sale price for bankrupt Hartmarx, the men’s clothing company from which President Obama gets his suits, has risen to about $130 million, Chief Executive Homi Patel said in an interview, adding that he would step down as CEO on Friday.

Patel declined to say why the price had risen from $119 million, the price listed in court documents filed last month.

(more…)

By Ian Sherr

A look at the state approval process as cities prepare to work on “shovel ready” projects.

Note, while I was not allowed to voice the piece, I reported, produced and wrote the script.

(By Ian Sherr. Originally published May 6, 2009 on the air with KCBS Radio, here.)

By Ian Sherr

MONTGOMERY, AL – Since Bobby Bright was asking for his vote, Roger Gaither thought this would be the perfect opportunity to ask the Democratic congressional candidate what might be the most important question of the campaign.

“People around here talk about how when you were asked if you support Obama, you raised your hand and said ‘yes.’ Is that true?”

(more…)

By Ian Sherr

The Beijing Olympic Torch made its only appearance in North America on Wednesday. After protests disrupted the torch relay in Europe, San Francisco Mayor Gavin Newsom changed the planned route without an announcement to the public.

Click to watch the video

Video produced by the Center for Digital TV and the World with April Dembosky, Marnette Federis, Julie Johnson, Alison Satake, Kerry Seed, and Ian Sherr.

(Originally published April 10, 2008 with the Washington Post, here.)