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 RoschaHHBN, U.S. Army South welcomes new leadership in change of responsibility ceremony
Headquarters and Headquarters Battalion (HHBN), U.S. Army South (USARSOUTH), conducted a change of responsibility ceremony on January 10, at Fort Sam Houston, Texas, marking the transition of senior enlisted leadership within the battalion.
Command Sgt. Maj. Deitra Alam relinquished responsibility to Command Sgt. Maj. Paul Honsinger in a ceremony presided over by HHBN commander, Lt. Col. Laura Hamilton.
During the ceremony, Hamilton highlighted the significant contributions of Alam while welcoming Honsinger and his Family to the battalion.
“Today, we bid farewell to Command Sgt. Maj. Deitra Alam, a leader who has profoundly shaped this battalion and our organization,” Hamilton said. “For seven months, I’ve had the privilege of serving alongside her, and I can confidently say that she is the embodiment of what a command sergeant major should be: a mentor, a guide, and an unwavering advocate for Soldiers.” – Hamilton expressed her enthusiasm for working with Honsinger.
“To Command Sgt. Maj. Paul Honsinger, wife Adriana, and son Paul, welcome to the team,” Hamilton exclaimed. “I am excited to work alongside you and your Family as we continue to lead this battalion together. Your reputation for excellence and dedication precedes you, and I have no doubt that you will bring incredible energy and…
PUBLIC
INTEREST
U.S. Department of Transportation Announces $1.89 Billion Loan to the Port Authority of New York and New Jersey for the Midtown Bus Terminal Reconstruction
The U.S. Department of Transportation’s (DOT’s) Build America Bureau (Bureau) today announced it provided a $1.89 billion Transportation Infrastructure Finance and Innovation Act (TIFIA) to the PANYNJ to modernize the Midtown Bus Terminal, one of the world’s busiest bus terminals, serving 65 million annual passengers. The loan…
California National Guard Mobilizes to Combat Devastating Wildfires as Federal Support Intensifies
Soldiers and airmen from California’s Army National Guard and Air National Guard spent the weekend combating the multiple wildfires that have been wreaking destruction in Los Angeles County for the past week.
“As the situation with the devastating California wildfires continues to evolve, …
CULTURE
NEWS
It’s Never Been More Important for Hollywood to Unite Says Actor Enzo Zelocchi
By Yves DucrotBreeding World Champion Horses: Insights From Equestrian Expert Cherrie Ann Pavao
By Dennis KellerRH
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
Defense Innovation Board Advances Military Innovation With Key Studies and Strategic Recommendations
Defense innovation board recommendations continue to advance national security efforts
Over the past three years, the Defense Innovation Board has been a powerful advisory resource to advance innovation within the Defense Department, and to provide the secretary and deputy secretaries of defense with independent, practical, and actionable advice and recommendations about how to make use of that innovation.
“The Defense Innovation Board has played a pivotal role in driving innovation within the ,” said Secretary of Defense Lloyd J. Austin III. “Over the past four years, the DIB’s diverse expertise and practical recommendations have provided the department with valuable insights and actionable strategies to accelerate innovation at speed and scale, ensuring that the DOD remains at the forefront of technological advancements and prepared to meet the challenges of the future.”
The board originally stood up in February 2016. After a brief hiatus and subsequent reappointed in 2021, the insights and recommendations provided by the DIB have continued to strengthen department efforts to scale and adopt innovative technologies and systems.
“Innovation is a never-ending imperative for DOD, and I’m deeply proud of the progress we’ve made over the last four years — substantially lowering barriers to innovation across the DOD-enterprise, from the boardroom to the battlespace,” said Deputy Secretary of Defense Kathleen Hicks. “There’s no doubt about it: innovation adoption is fundamentally a change-management problem. That’s why we’ve employed an effective theory of change — building trust and confidence across the defense enterprise, demonstrating what’s possible, rewarding game-changers, and promoting the best ideas and success through teamwork.”
Board Chairman Michael M. Bloomberg was nominated to lead the board in February 2022 by Austin. Since that time, he has guided board efforts related to artificial intelligence, software, data,…
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
In a new survey conducted by BadCredit.org, a leading financialDiscretion and Detail: The Principles Behind Private Listings, by Harold Clarke
Privacy in high-value real estate transactions has increasingly become aHow Sequoia Group’s Technology is Easing Warehouse Pressures in a Demanding Marketplace
With global e-commerce sales projected to reach $6.09 trillion in- Loading stock data...