BUSINESS

NEWS

U.S. Economy: Near Term Looks Steady but a Crisis is Brewing
By
Newsroom Staff
According to Beacon Economics’ new outlook for the U.S. economy, the economy will continue its steady expansion for the foreseeable
Workers Tell DHL to Rescind Elimination of Full-Time Positions, Improve Working Conditions
By
Enterprise Editor
Sort workers at DHL’s global hub at Cincinnati/Northern Kentucky International Airport (CVG) are calling for the company to recognize their
AmeriCorps Helps Return Over $83 Million to Communities Through Tax Assistance
By
Newsdesk Staff
AmeriCorps, the federal agency for volunteerism and national service, assisted nearly 125,000 low-income Americans with tax preparation, returning more than

CLIMATE

CHANGE

Countries Urged to Strengthen Protection of Antarctic Peninsula and Krill Fishery
By
Environmental Reporter
The Antarctic and Southern Ocean Coalition (ASOC) is urging governments at a key meeting this week to bolster political will
U.S. Department of State Announces 20 Scholars for Fourth Fulbright Arctic Initiative
By
Staff Writer
Furthering the U.S. government’s efforts to address security and sustainability in the Arctic, the U.S. Department of State announced 20
5 mins
Gen. Duke Z. Richardson Air Force Materiel Command commander, discusses his leadership philosophy during Agile Patriot 2024 at the National Museum of the U.S. Air Force, July 9, 2024. Agile Patriot provides a professional development opportunity for junior AFMC Airmen and civilians. © Brian Dietrick
The Ritz Herald
The Air Force Materiel Command held the Agile Patriot conference at the National Museum of the U.S. Air Force to prepare junior uniformed and civilian airmen to meet today's challenges

The Air Force Materiel Command held its annual Agile Patriot conference July 9-11, at the National Museum of the U.S. Air Force, preparing junior uniformed and civilian Airmen to meet today’s challenges.

The event focused on reoptimization for Great Power Competition and the importance of care of mission, self and others.

Gen. Duke Z. Richardson, AFMC Commander, provided opening remarks and addressed a variety of topics including collaboration, his leadership philosophy and tips that helped him become the leader he is today.

“I greatly value the three components that make up AFMC: the uniformed Airmen, civilian Airmen and our contractor support,” Richardson said. “We’re working together in a way that I’ve never seen before to come up with something that’s going to win. We need you to continue working together and executing mission successes for that to happen.”

Richardson shared his thoughts on being a successful leader and offered tips to help Airmen navigate their Air Force journeys.

“I encourage you to start journaling if you don’t already do so,” Richardson said. “Start now, and don’t make it complicated. Write down things that stick with you: ideas, thoughts, quotes, leadership ideas or stories of something that did or didn’t work. Just start writing them…

As robust as artificial intelligence (AI) capabilities have become, it is still very much in its infancy. With governments formulating strategies for AI regulations, the onus is
Vseant Nath, a filmmaker originally from Mumbai and currently based in Atlanta, USA, a growing filmmaking hub, has crafted a heartwarming short film that blends Hollywood precision
Although custom jewelry seems like a recent trend, it has been popular for centuries, if not for millennia. Ancient people decorated their bodies with all kinds of
United now texts customers links to local, live radar maps during weather delays, as part of its industry-leading effort to give travelers as much real-time information as

PUBLIC

INTEREST

Defense Official Says U.S.-Philippines Alliance Is Making Remarkable Progress
The Ritz Herald

The U.S.-Philippines alliance is a key to stability and progress in the Indo-Pacific, and it’s on track to build on the progress made over the past three years, said Ely Ratner, the assistant secretary of defense for Indo-Pacific security affairs, on Thursday.

Ratner told the Center for Strategic and International…

U.S. Special Envoy to Combat Antisemitism Visits Argentina and Brazil
The Ritz Herald

U.S. Special Envoy to Monitor and Combat Antisemitism, Ambassador Deborah Lipstadt, and Deputy Special Envoy, Aaron Keyak, will travel to Argentina and Brazil July 15-23.

In Argentina, Ambassador Lipstadt will participate in the Special Envoys and Coordinators Combating Antisemitism (SECCA) forum and attend the 30th anniversary ceremony commemorating those killed…

CULTURE

NEWS

Valerie Grant, CFA, Discusses What Makes the Martha’s Vineyard Museum Special
By
Culture Editor
The Martha’s Vineyard Museum in Vineyard Haven, Massachusetts, stands as a beacon of cultural heritage, artistic expression, and historic preservation.
Alex Jiheng Bi – The Talented Chinese Pianist Who Fascinates With His Music – Between Empathy and Technique
By
Culture Editor
The piano is undoubtedly one of the world’s most beloved and versatile musical instruments. Its ability to evoke many emotions

RH

FINANCIAL

U.S. Economy: Near Term Looks Steady but a Crisis is Brewing
According to Beacon Economics’ new outlook for the U.S. economy, the economy will continue its
The Ritz Herald
Workers Tell DHL to Rescind Elimination of Full-Time Positions, Improve Working Conditions
Sort workers at DHL’s global hub at Cincinnati/Northern Kentucky International Airport (CVG) are calling for
The Ritz Herald
THIS WEEK'S HEADLINES
Ryan Offman 16, Jul 7 mins
7 mins
The Ritz Herald
U.S. Department of Energy. © Timothy Epple
Funding from President Biden's Investing In America agenda will retool or retrofit 11 existing motor vehicle manufacturing facilities to support EV manufacturing, retaining and creating thousands of good-paying union jobs

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) announced $1.7 billion to support the conversion of 11 shuttered or at-risk auto manufacturing and assembly facilities across eight states—Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia—to manufacture electric vehicles and their supply chain. This announcement reflects President Biden’s deep commitment to reinvest and revitalize – and never give up on – the manufacturing communities and the workers who have helped build America’s middle class. These investments will create and retain thousands of good-paying union jobs and support the American auto communities that have driven the U.S. economy for generations. They deliver on the President’s commitment to ensure the future of the auto industry is made in America by American union workers, and that the U.S. wins the competition for the 21st century.

“There is nothing harder to a manufacturing community than to lose jobs to foreign competition and a changing industry,” said U.S. Secretary of Energy Jennifer M. Granholm. “Even as our competitors invest heavily in electric vehicles, these grants ensure that our automotive industry stays competitive—and does it in the communities and with the workforce that have supported the auto industry for generations.”

“President Biden set out to build a clean energy economy that benefits everyone,” said John Podesta, Senior Advisor to the President for International Climate Policy. “Today’s awards from the Department of Energy help bring that vision to life by investing in the future of the auto industry, creating thousands of good-paying union jobs, and tackling the existential threat of climate change by cutting pollution from the transportation sector.”

“Today’s announcement from the Department of Energy is a big win…

CURRENT EDITION

6 mins
The Ritz Herald
Antarctic Peninsula. © John Weller
Antarctic Peninsula at risk: global leaders urged to designate marine protections and update krill fishery
By / Environmental Reporter

The Antarctic and Southern Ocean Coalition (ASOC) is urging governments at a key meeting this week to bolster political will and make urgently needed progress towards protecting the Antarctic Peninsula and strengthening management of the krill fishery, which threatens this keystone species relied on by iconic predators, from emperor penguins to blue whales.

The Antarctic Peninsula is one of our planet’s most rapidly warming places. It is also a globally important biodiversity hotspot being targeted by industrial fishing.

Representatives of the Member States of the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) are meeting in South Korea from July 16-20 for a ‘Harmonization Symposium’ to discuss how to move forward with a proposed marine protected area (MPA) in the Antarctic Peninsula in combination with updated ecosystem-based krill fishery management. The symposium provides an opportunity to break out of the stalemate that has hampered CCAMLR from honoring its 2009 commitment to establish a representative system of large MPAs in the Southern Ocean. Just two MPAs have been created since then, with no further protection agreed since the Ross Sea MPA designation in 2016.

“The Harmonization Symposium should be a turning point for Southern Ocean protection. With this fragile and hugely important region under threat, we can’t afford to miss this chance for real progress. Leaders need to end the political deadlock that’s been crippling CCAMLR for too many years. Opportunities for serious discussions like this don’t come around very often: countries need to make the most of it!”, said Claire Christian, ASOC’s Executive…

MORE ARTICLES

U.S. Department of State Announces 20 Scholars for Fourth Fulbright Arctic Initiative
Furthering the U.S. government’s efforts to address security and sustainability
By Chris Benbow Published on Jul 18
3 mins
The Ritz Herald
“Fearless Girl” facing the New York Stock Exchange. © Joannes Eisele / AFP
Overheated asset markets, national debt driving over-consumption; U.S. Net asset position now in worst deficit position in history

According to Beacon Economics’ new outlook for the U.S. economy, the economy will continue its steady expansion for the foreseeable future but may face a crisis of severe proportions by the end of the decade. A colossal Federal deficit and overvalued asset markets are driving excessively hot consumer spending, which may be supporting the nation’s current expansion but could be building into a serious future threat.

According to the new outlook:

  • Elevated spending by American households is being driven by unusually high asset values and the $5 trillion in (stimulus) money injected into the economy during the pandemic.
  • For the first time since the run-up to the 2007 Great Recession, the savings rate for U.S. households is below 4%.
  • Today’s excess spending is being fueled by public, not private, sector borrowing.
  • The nation’s current account deficit is twice what it was prior to the pandemic.
  • The United States’ net asset position is in the worst deficit position in history.

“There is no version of the future in which these trends are sustainable,” said Christopher Thornberg, Founding Partner of Beacon Economics and the outlook’s author. “In any smaller economy the warning signs would already be flashing red to global asset markets, but the United States is too big and relatively safe for the danger to be acknowledged… yet.”

The new outlook lays the problem’s intensification squarely at the Federal Reserve’s feet and…

CURRENT EDITION

Workers Tell DHL to Rescind Elimination of Full-Time Positions, Improve Working Conditions
Sort workers at DHL’s global hub at Cincinnati/Northern Kentucky International
AmeriCorps Helps Return Over $83 Million to Communities Through Tax Assistance
AmeriCorps, the federal agency for volunteerism and national service, assisted
Survey Reveals U.S. Business Executives’ Sentiments on AI Adoption and Governance
As robust as artificial intelligence (AI) capabilities have become, it
U.S. Labor Market Downshifts From Raging to Robust
Payrolls rose by a healthy amount in June following a
U.S. Private Sector Employment Increased by 150,000 Jobs in June 2024
Private sector employment increased by 150,000 jobs in June and
U.S. Consumers Feel the Pinch of Soaring Food Prices as Inflation Takes Its Toll
U.S. consumers are gassed when it comes to their stamina
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Private sector employment increased by 150,000 jobs in June and annual pay was up 4.9 percent year-over-year, according to the June ADP® National Employment Report™ produced by
On July 20 and 27, KCRW and Metro Art will team up for two special nights of music from 6:00 p.m. to 10:00 p.m. at the historic
President Joe Biden emphasized NATO’s commitment to bolstering transatlantic deterrence and maintaining a lasting shield against aggression as he met with his alliance counterparts yesterday in Washington.
The Navy conducted a tabletop exercise alongside Caribbean partner nations to explore ways to enhance climate readiness and resilience throughout the region. The two-day event in San

EDITOR'S

CHOICE

New Drug to Control Pain Related to Cancer Treatment Originally Developed at Stony Brook Gets FDA Clearance

Quinten / RH
Six years ago Stony Brook University through the Research Foundation for the State University of New York licensed a promising technology to Artelo Biosciences that identified Fatty Acid Binding Proteins (FABPs) as

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