Author: Staff (Page 20 of 22)

Should the President be allowed to golf during a crisis?

There’s been plenty of stuff going on around the world lately, so President Obama has plenty of things on his plate. But nobody can work 24/7, and everyone needs rest and relaxation in order to perform at their peak.

That’s why it’s a little disturbing to see blowhards like Donald Trump and Newt Gingrich take shots at the President. Trump criticized Obama for golfing, and Gingrich criticized him for taking some time to fill out his March Madness bracket.

Fortunately, there are some people who put common sense over petty politics, so we have Dan Quayle of all people saying he’s OK with Obama’s golfing habit.

Donald Trump tests his brand on golf courses

Donald Trump has plastered his name on countless products, and now he’s trying to take advantage of the real estate recession by picking up golf courses on the cheap.

Donald Trump is betting his name will boost the value of his golf courses even as the premium for the brand declines on condo properties and ratings slide on his show, The Apprentice. The real estate developer turned TV personality has acquired nine golf properties in the U.S., including four since 2008. In July he started building a £750 million ($1.15 billion) golf course and resort in Scotland.

Trump says putting his name on the courses increases membership and the fees he can charge. Elsewhere, the record is mixed. The Trump name hasn’t prevented the failure of real estate developments in Florida and Mexico. Nor has it helped his New York condos sell for more than comparable apartments in the city, according to Sofia Song, vice-president for research at StreetEasy.com, which compiles real estate listings. At the same time, Trump’s hotels in New York and Chicago are outperforming their competition based on occupancy rates and room prices.

With the Trump name appearing on vodka, health products, mattresses, furniture, cuff links, shirts, ties, and a seminar company, the brand has been devalued, says Josh Feldmeth, chief executive officer of the New York division of consulting firm Interbrand. “He has cashed out.”

The article goes on to explain that there are disagreements on the value of Trumps brand. The golf lifestyle demographic seems to be in Trump’s sweet spot, so this branding push might make sense.

Tiger lets a lead slip away

THOUSAND OAKS, CA - DECEMBER 4: Tiger Woods hits from a bunker on the fifth hole during round three of the Chevron World Challenge at Sherwood Country Club on December 4, 2010 in Thousand Oaks, California. (Stephen Dunn/Getty Images)

Tiger Woods has had a rough year in 2010, but his play in the Chevron World Challenge at Sherwood Country Club showed everyone that he’s on his way back.

That said, Tiger found a way to blow a big lead on the final day.

Graeme McDowell was “ecstatic” today after capping his most incredible golfing year with a dramatic play-off win over Tiger Woods in the Chevron World Challenge in California.

“2010 has been the stuff of dreams,” McDowell admitted after his stunning $1.2 million victory, worth £765,000, in Woods’ own tournament.

“Playing one of the greatest golfers who has ever played and to beat him like this I’m just ecstatic,” McDowell added.

It looks like Tiger will have a serious rival for the foreseeable future as well.

Times are tough for Tiger

Tiger Woods reacts after missing his putt on the 12th hole during the final round of the WGC Bridgestone Invitational golf tournament at Firestone Country Club in Akron, Ohio, August 8, 2010.  REUTERS/John Sommers II   (UNITED STATES - Tags: SPORT GOLF)

The face of Tiger Woods says it ass, as he misses his putt on the 12th hole during the final round of the WGC Bridgestone Invitational golf tournament at Firestone Country Club in Akron. The entire weekend was a disaster for Tiger, and Plain Dealer columnists Bud Shaw sums it up.

Golf shirts from the Tiger Woods Collection retail for $100 in the Firestone Country Club pro shop. Hats are $28.50. Neither will help you play golf like Tiger Woods.

For the first time in memory, that’s not a disclaimer as much as a selling point.

To match the game Woods brought to the South Course this week at the Bridgestone Invitational, you’d have to miss fairways, flub chips, quit on shots and putt as if you spent the morning hooked to a caffeine IV drip.

The only way this tournament could more accurately embody the tumult of 2010 for Woods after Saturday’s third-round 75 would be if he were riding in a cart and that cart careened off the course into a fire hydrant.

Woods’ 5 over round was his worst at Firestone since his previous worst — 48 hours earlier. His 11 over after 54 holes is the highest relative to par since he turned pro in 1996.

“I drove it terrible, hit my irons terrible, didn’t putt well, and it added up,” Woods said before heading directly for the driving range.

For Woods to fix everything that ails him in one driving range session he’d have to stumble across Butch Harmon, Hank Haney and a hot tub time machine there.

We’re seeing a new Tiger who actually has to deal with his personal life outside the course. Maybe he needs a trip to Vegas . . . . .

Golf clubs and country clubs having tough time in recession

As you probably expected, the recession is having an adverse impact on golf course memberships and country club memberships.

Recession-battered golf courses aren’t just coping with lighter crowds. Some are edging perilously close to bankruptcy. Courses from Florida to Arizona, where golfing was once a daily exercise, face major cutbacks or foreclosure.

Myrtle Beach, S.C., a once-booming 70-mile strip of beachfront property nicknamed “Golftown, USA,” has been hit especially hard: Where there were about 125 golf courses in 2006, there are now around 100.

“It’s just a shakeout of golf,” says Donald Wizeman, CEO of Myrtle Beach Golf Association, which produces a website for golfers traveling to Myrtle Beach. “The real estate market is so depressed here.”

Things are just as bleak in Arizona. Eight golf courses in the Phoenix area have gone through foreclosure or bankruptcy since commercial properties started facing serious financial problems in 2008, according to IonDataExpress.com, a real estate analysis firm. Many more are reducing their hours this summer, says Tom Stine, co-founder of market researcher Golf Datatech.

You should also expect to find incredible deals for golf travel and green fees on courses all around the country.

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