By David M. Kinchen
Editor, Huntington News Network
Chicago, IL – It’s been a Holiday tradition for many decades, traveling to Chicago’s Loop and viewing the gigantic Christmas tree at Marshall Field’s State Street flagship department store. Most people make a day out of it, shopping at Field’s and other stores on State Street and enjoying a meal at one of the restaurants in the store or nearby.
Given the relatively compact dimensions of the Loop, it’s possible to see a musical, stage play or opera, have lunch or dinner and shop, all in the same day during the holiday season. When I was there in early December, an unseasonable cold wave made that experience something only Mumble the penguin (the star of the hit film “Happy Feet”) would enjoy, but I have that extra native-Midwesterner cold weather gene that permits people like us to venture out when the weather is life-threatening.
Now that Cincinnati-based Federated Department Stores has rebranded the Field’s stores as Macy’s, many people familiar with Chicago are wondering what’s in store (couldn’t resist that one!) for a really Big Box institution that occupies an entire city block (Wabash Avenue to the east, State Street to the west, Randolph Street to the north and Washington Street to the south) in the Loop.
Relax, fans of FrangoLand: The store and overall chain, acquired by Federated in 2005, appears to be in good hands after several years of ownership by Minneapolis-based Target. The Marshall Field’s “As Chicago as it gets” slogan has been replaced with Macy’s “Way to Shop” and the famous dark green Marshall Field’s awnings are now Macy’s black. Those Macy’s red stars are also present in abundance. (By the way, Frango was not originally part of Marshall Field’s: It was acquired when the chain purchased the Frederick & Nelson department store chain in Seattle many decades ago).
The tree is a wonder to behold. On my recent visit, I took the elevator to the 8th floor to view the tree and the diners around it in the Walnut Room. Speaking of Frango candies, they have a favored spot in the basement level, where they share space with the Marketplace food court, an excellent dining place that’s much less formal than the Walnut Room.
My sister Natasha Yuhas, who – until her retirement a few years ago — worked in the furniture department at Field’s, concurs in my assessment, saying the store is much cleaner than it was during the heyday of Target, formerly known as Dayton Hudson. Prior to that chain, Field’s was owned by Batus, British American Tobacco; it really hasn’t been owned by the descendants of the original Marshall Field for many years. My sister advises the few people still protesting the name change to get over it – the store is in good hands, she says.
The building is an historic landmark, so the Marshall Field & Co. plaques are still in place around the building’s exterior. The two signature State Street clocks — at Randolph and at Washington — are there and are favored meeting spots for Chicagoans.
State Street is looking better than ever, with many new shops, including one from the very trendy and affordable Swedish H&M chain and the spruced up Sear’s store. A few years ago, the Daniel Burnham designed Reliance Building – one of the best Chicago landmarks that survived the wrecking ball – was renovated into the Hotel Burnham.
The Block 37 development – directly to the west of the Macy’s/Field’s store – is apparently on track. Ground was broken in November 2005 by the Mills Corp. of Arlington, VA for a mixed-used development on the long-vacant site, now called 108 N. State. This past August, the respected Chicago-based developer Golub & Co. bought the residential and office portions of the massive development, expected to be finished in 2008.
One sad note: Carson Pirie Scott & Co., another Chicago landmark, is closing its State Street store in March of 2007. Carson’s, occupying since 1904 one of the most distinguished buildings on the street, the landmark Louis Sullivan-Dankmar Adler designed building, is owned by Bon-Ton Stores. It was formerly owned by Saks Fifth Avenue. The State Street store will house a collection of boutique shops, according to news accounts.
COMMENTARY: China-Taiwan Divides the Caribbean
Posted by kinchendavid on February 2, 2007
By Sir Ronald Sanders
The continuing dichotomy within the 15-nation Caribbean Community (CARICOM) over the Peoples Republic of China and Taiwan could begin to hurt the grouping which has been unable to establish a joint policy toward China, now the fourth largest economy in the world and growing fast.
Belize, Haiti, St Vincent and the Grenadines, and St Kitts-Nevis continue to recognise Taiwan while the rest of the CARICOM countries have diplomatic relations with China.
This division within CARICOM has kept the development of a trade, aid and investment policy for China off the agenda of CARICOM Heads of Government even though China is now involved with the region in a number of ways including as a lending member of the Caribbean Development Bank (CDB).
It is a favourable mark for China that even though it is unhappy about the continuing recognition of Taiwan by the four CARICOM countries, it has not sought to block their use of its CDB funds.
The Chinese position is a stark contrast from the position taken by the US In 1979 when the New Jewel Movement seized power in Grenada and the US broke off diplomatic relations. Washington had laid down a condition to the CDB that Grenada could not access US funds. The importance of China in the world and its potential value to CARICOM countries was underscored recently by two events. First, China’s foreign exchange reserves, already the world’s largest, have passed $1-trillion (U.S.). The central bank said its reserves stood at $1.0663-trillion at the end of December, up more than 30 per cent from one year earlier, making China the first country officially to top the $1-trillion mark. Second, the World Tourism Organization has announced that by 2020 China will be the fourth-largest source of global leisure travelers. But with the mountain of money on which it is sitting and the need to spend it, the Chinese government has already begun easing currency controls. They will be looking for ways to invest and spend much of it. Recently tourists from China have officially been allowed US$5,000 to travel, though Chinese officials say that the figure is higher than that. Now, it is likely that the government may increase the travel allowance permitting tourists to travel farther. Several Caribbean countries have already been given “approved travel destination” status. These are: Antigua and Barbuda, the Bahamas, Barbados, Dominica, Jamaica, and St. Lucia.
This gives them a head start in trying to grab a meaningful share of the market. But, they are up against serious competition from the United States, European Union countries such as the UK and France, Canada, Australia and South-East Asian nations who are already gearing for Chinese tourists.
To get a share of the market, CARICOM countries will require not only joint Caribbean planning, marketing and alliances with airlines and tour operators in China, it will also need the help of the Chinese government to provide incentives and maybe even transportation.
It is the kind of help that could come out of a Joint CARICOM-China Trade and Investment Commission that meets regularly to explore the potential for mutually beneficial relations and puts machinery in place to achieve it.
Incidentally, and not unimportantly, China could also be encouraged to contribute to the Regional Development Fund which is so vitally important to the development of the Caribbean Single Market (CSM) that was formally launched by CARICOM countries in 2006.
The Chinese government has shown no reluctance to be active in the Caribbean, and officials in China would undoubtedly welcome the opportunity to map out a joint strategy for China’s involvement in the region, as they have done in Africa.
In November 2006, China hosted a meeting with leaders of 48 African countries at which the Chinese President announced that by 2009 China will double the assistance given to Africa in 2006 in an effort to forge a new type of strategic relationship and strengthen cooperation in more areas and at a higher level.
The prospect of a similar summit between CARICOM Heads of Government and the Chinese President is dim unless one of two things happen: Either, the four CARICOM countries that recognise Taiwan alter their policy and join the others in establishing diplomatic relations with China, or agreement is reached that the others are free to establish a Joint Trade and Investment Commission with China under the umbrella of CARICOM but excluding the four if they so wish.
The continuing links by the governments of Belize, St Kitts and Nevis and St Vincent and the Grenadines to Taiwan is understandable. They have received considerable help from the Taiwanese who continue to invest in their economies – particularly in areas where traditional donors and lenders have shied away.
But a structured regional relationship on trade, aid and investment with China, which is now indisputably an economic giant and which could offer much to the people of the Caribbean, ought not to be delayed.
* * *
Sir Ronald Sanders is a business executive and former Caribbean Ambassador to the World Trade Organisation who publishes widely on Small States in the global community. He is a regular contributor to Huntington News Network. Responses to: ronaldsanders29@hotmail.com
Posted in Guest Commentaries, Travel | 1 Comment »