BUSINESS
NEWS
New Research Links Urban Sprawl to Reduced Intergenerational Mobility for Low-Income Families
By Sandy Di AngelisU.S. Home Prices Show Slower Growth in October 2024, Led by New York With 7.3% Annual Increase
By Peter DuncanGlobal Light Vehicle Sales Projected to Reach 89.6 Million Units in 2025 Amidst Economic Uncertainty and Policy Changes
By Helen RoschaCLIMATE
CHANGE
U.S. Department of Defense Deploys 500 Troops and Aircraft to Combat California Wildfires
By Sandy Di AngelisU.S. Department of Energy Announces $65 Million Funding Opportunity for Small Businesses in Industrial Efficiency and Decarbonization
By Helen RoschaHicks outlines plan tied to strategic competition with China
Deputy Defense Secretary Kathleen Hicks spoke about “four lessons” she views as critical for prevailing in the U.S. strategic competition with China during a keynote address yesterday at the Johns Hopkins School of Advanced International Studies in Washington.
Titled “Outpacing the PRC: Lessons Learned for Strategic Competition,” Hicks said that staying focused on top priorities, appreciating that execution or delivery is paramount, recognizing that the U.S. has strong competitive advantages it must leverage and attending to one’s own actions and words are all necessary to prevail in such a competition.
Pointing out that “competition” is not synonymous with “conflict,” Hicks said nobody should seek the devastation that armed conflict with China would bring.
“Instead,” Hicks said, “we want the leadership to wake up each day, consider the risks of aggression and think to themselves, ‘Today is not the day’; and for them to think that — today and every day — between now and 2027, in 2035, 2049 and beyond.”
In terms of staying focused on priorities, Hicks pointed out that the challenge posed by China isn’t by any means new, and that the Pentagon and multiple administrations roughly over the past quarter century have been tracking China’s…
PUBLIC
INTEREST
Secretary of Defense Lloyd Austin to Attend UDCG Amid $2.5 Billion Aid Package
Secretary of Defense Lloyd J. Austin III is scheduled to travel to Ramstein Air Base in Germany, Jan. 7, to attend the 25th meeting of the Ukraine Defense Contact Group, the Defense Department announced.
The UDCG, which was founded under Austin in response to Russia’s unprovoked invasion of Ukraine on…
U.S. Imposes Sanctions on Integrity Tech for Cyber Intrusions Linked to China
The United States is imposing sanctions today on the Beijing-based cybersecurity company Integrity Technology Group, Incorporated (Integrity Tech), which has links to the People’s Republic of China (PRC) Ministry of State Security, for its role in multiple computer intrusion incidents against U.S. victims.
Integrity Tech is a large PRC government…
CULTURE
NEWS
Interview With Jenny Run: A Tale of Two Cities in Comedy
By D’Arcy SardoneNASA Administrator Bill Nelson Honors the Legacy of President Jimmy Carter Following His Passing
By Nicole ChoquetteRH
FINANCIAL
New Research Links Urban Sprawl to Reduced Intergenerational Mobility for Low-Income Families
Urban sprawl is not just unsightly. It could also be impeding intergenerational mobility for low-incomeU.S. Home Prices Show Slower Growth in October 2024, Led by New York With 7.3% Annual Increase
S&P Dow Jones Indices (S&P DJI) released the October 2024 results for the S&P CoreLogicTHIS WEEK'S HEADLINES
California congressional delegation urges Biden for major disaster declaration amid ongoing wildfires
Today, U.S. Senators Alex Padilla and Adam Schiff (both D-Calif.) led 47 bipartisan members of the California Congressional delegation in urging President Biden to grant Governor Gavin Newsom’s request for a major disaster declaration in response to the devastating ongoing impacts of the Palisades, Eaton, Franklin, and Hurst fires and the ongoing windstorm event in Los Angeles County. President Biden swiftly approved Governor Gavin Newsom’s request for the major disaster declaration, reflecting the need to ensure timely relief for Los Angeles County residents impacted by these disasters.
The fires raging across Southern California since Tuesday have killed at least two individuals and burned down more than 1,000 structures, forcing more than 110,000 Los Angeles County residents to evacuate. The fires have burned thousands of acres and remain at zero percent containment, with wind gusts up to 100 miles per hour rapidly accelerating the fires’ growth and preventing firefighters from containing the blaze.
The extensive ongoing damage caused by the Palisades, Eaton, Franklin and Hurst fires has overwhelmed the Los Angeles County Fire Department and other local first responders, who are using extensive state and local resources to fight the wildfires. President Biden had provided federal assistance, including a Fire Management Assistance Grant, but a major disaster declaration was urgently needed to improve coordination and provide California with essential assistance and recovery resources.
“These wildfires have caused widespread damage across Los Angeles County that have threatened the lives and livelihoods of hundreds of thousands of Californians,” wrote the lawmakers. “The wildfires have damaged — and continue to threaten — federal and state highways and roads, critical infrastructure, homes, and buildings.”
“The severity of these wildfires requires additional coordination and a wider range…
CURRENT EDITION
U.S. Military already fighting fires in California, ready to do more
By Sandy Di Angelis / Associate WriterThe Defense Department now has 500 active-duty troops and a variety of equipment on standby to assist with the wildfires in California, said the deputy Pentagon press secretary.
“As announced by the president, 500 active-duty personnel currently stationed at Camp Pendleton, California, are preparing to support requests from federal and state authorities with route clearance, commodity distribution, search and rescue, rotary wing, airlift and general support, as requested,” said Sabrina Singh during a briefing today.
Those 500 active-duty personnel are from the Marine Corps, she said.
March Air Reserve Base, about 60 miles east of Los Angeles, is also now serving as a staging base for efforts by the Federal Emergency Management Agency, and Singh also said that a defense coordinating officer and support element are being activated as well.
The department is also preparing some 10 Navy-provided helicopters with water delivery buckets to assist with aerial fire suppression, Singh said. Those Navy helicopters, along with aircrew, are coming from California’s Naval Station North Island, Marine Corps Air Station Camp Pendelton and Marine Corps Air Station Miramar.
“Under a long-standing memorandum of agreement with CAL FIRE, active-duty units in Naval Region Southwest are prepared to provide aircraft and aircrew to support the firefighting efforts,” Singh said. “These units are trained and annually certified by CAL FIRE to provide supplemental firefighting capability when requested by the state of California and approved by the ”
More than 800 National Guard personnel from California, Wyoming and Nevada are already on the ground or have been activated to provide assistance. The Guard…
Using Census data, researchers untangle interplay between urban development patterns and socioeconomic outcomes
Urban sprawl is not just unsightly. It could also be impeding intergenerational mobility for low-income residents and reinforcing racial inequality, according to a series of recent studies led by a University of Utah geographer.
One analysis of tract-level Census data co-authored with a former economics graduate student in Utah’s College of Social & Behavioral Science found that people who grew up in high-sprawl neighborhoods have less earning potential than those who grew in denser neighborhoods.
“For adults, jobs are harder to access in more sprawling neighborhoods,” said Kelsey Carlston, now an assistant professor of economics at Gonzaga University. “If we can understand how kids’ interactions with their neighborhoods are related to their economic opportunity, we can come up with some targeted policies for how to help poor kids get out of poverty and improve their situation.”
Published in Economic Development Quarterly, this study and two related ones were led by Yehua Dennis Wei, a professor in the School of Environment, Society & Sustainability. The other two were co-authored with graduate student Ning Xiong.
Wei’s three new studies build on prior work led by U city and metropolitan planning professor Reid Ewing, whose research scrutinizes the adverse impacts of sprawl and identifies features of urban resilience.
Ewing and colleagues, including Wei, demonstrated how sprawl at the city level could lock families into cycles of poverty across generations.
The new research gets more granular, extending into the…
CURRENT EDITION
U.S. Home Prices Show Slower Growth in October 2024, Led by New York With 7.3% Annual Increase
S&P Dow Jones Indices (S&P DJI) released the October 2024Global Light Vehicle Sales Projected to Reach 89.6 Million Units in 2025 Amidst Economic Uncertainty and Policy Changes
Global new light vehicle sales in 2025 are expected toConsumer Confidence Drops Sharply in December, Raising Recession Concerns
The Conference Board Consumer Confidence Index® declined by 8.1 pointsSurvey Reveals 72% of Americans Plan to Tackle Debt and Improve Financial Habits in 2025
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