California Business Minute™

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Hi, I am Tim Johnson and welcome to the California Business Minute.

This Sunday is Father’s Day.  Surprisingly, Father’s day was originated in Spokane,
Washington in 1910.  It wasn’t until 1966 that President Johnson proclaimed its
celebration in June but it did not become official until 1972 when then President Nixon
signed public law making it permanent. The Census Bureau estimates that there are
64.3 million dads across the nation.

And just in time for Father's Day, a new national survey shows 52 percent of dads prefer
an electronics gift for their big day, easily outnumbering dads who want clothing (16 percent),
sports gear (13 percent), or a vacation trip (9 percent). Only eight percent of dads said they
don't want a Father's Day gift.

According to the Consumer Electronics Association (CEA), Americans will spend more than
$12.8 billion on in-car electronics in 2008. CEA research also reveals the typical American
spends 17 hours per week in his or her vehicle.

Other electronic devices listed by dad’s portable DVD players, laptop computers, MP3, and
an upgraded car stereo, i.e. HD or satellite.

So don’t forget, whether he wants a gift or not, take time out from your business to remember
‘dear old dad.’

I am Tim Johnson and this has been the California Business Minute.