DIRS.INFO The most relevant business & tech news

… The earth is screaming at us," Washington state Governor Jay Inslee said Sunday on ABC's "This Week." Washington state is switching to electric-powered ferries and stopping the sale of internal combustion cars after 2035, said Inslee. Palm Springs Mayor Grace Elena Garner, who also spoke on "This Week," highlighted the need for further resources from the federal government. She emphasized more funds for housing development are needed to ensure residents don't have to live outside in worsening environmental conditions. The U.S. must lead the climate fight "not just from a moral standpoint, but from [its] self-interest standpoint," Inslee said.

Persons: Bill Forte, Jay Inslee, Joe Biden's, Grace Elena Garner, Garner, Inslee Organizations: North Sky Communications Locations: Pacific, Lake Forest Park , Washington , U.S, U.S, Washington, Springs, Palm Springs

But as local economic development officials worked with Ford and other prospective investors, it became clear they needed a much bigger footprint. The rest has been earmarked by economic development officials for suppliers and other developments. In Marshall, residents petitioned to hold a referendum on the project, gathering over 800 signatures in a city of 6,800. She believes factory workers will move to Marshall to work for Ford. He notes that the factory he works at, in nearby Battle Creek, has struggled to find skilled workers.

Persons: Fred, Joan Chapman, Ben Klayman MARSHALL, Fred Chapman, ”, That’s, Chapman, Joe Biden, Gabby Bruno, Glenn Kowalske, “, Ford's Bruno, Ford, Bruno, CATL's, James Durian, Durian, Sue Damron, Marshall, he’s, Timothy Aeppel, Ben Klayman, Dan Burns, Nick Zieminski Organizations: Ford Motor Co, Ford Motor, Census, Ford, Amperex Technology Co, Amazon, Marshall, Economic Development Alliance, Thomson Locations: Marshall Township , Michigan, U.S, Mich, Marshall, Kalamazoo, New York City, China, Calhoun County, Battle, Mexico, New York, Marshall , Michigan

☆ Opinion: DeSantis is trying to climb the Trump wall
▼ + stars: | 2023-06-28 | by ( Opinion Patrick T. Brown | ) edition.cnn.com time to read: +7 min

The DeSantis plan, rolled out at a press conference at the Texas border Monday, lays out steps that should satisfy most Republican border hawks. His immigration plan showcases a candidate interested in effective policymaking beyond pure sloganeering, even if some major questions surround a few key details. The former President noted the similarities — “His plan is my plan,” Trump told Semafor and ABC News on Tuesday. Then, there are the ideas in DeSantis’ plan that have a harder time standing up to scrutiny. Similarly, cutting federal funding to non-governmental organizations that provide aid to those who cross the southern border would be less effective than it sounds.

Persons: Patrick T, Brown, Ron DeSantis, Donald Trump, DeSantis, ” Trump, Semafor, “, ”, —, Trump, parry, isn’t, doesn’t Organizations: Public Policy Center, Economic, Twitter, CNN, Florida Gov, Trump, Republican, Sunshine State, ABC, Republicans, PBS, NPR, Marist, Sun, Group, American, Facebook Locations: Washington , DC, Texas, Iowa, South Carolina, Florida, Mexico

☆ Midwest American Cities Are Facing a Downtown Crisis, Urban Doom Loop
▼ + stars: | 2023-06-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +16 min

But Midwestern cities are also facing a crisis of their own — struggling to attract workers, residents, and visitors to their downtowns. Nine of the 13 Midwestern cities tracked in the study were in the bottom half of the rankings. In the early part of the 20th century, Midwestern cities boomed — attracting workers and families seeking out manufacturing jobs and education. Many Midwestern cities relied on a single industry or even a single company to buttress its economy. "If office workers are coming downtown less, but college students are willing to come downtown more, what about literally putting a college in your downtown?"

Persons: COVID, Michael Hicks, Jacob Frey, Salesforce, Karen Chapple, Hicks, Michael Siluk, Amanda Weinstein, Weinstein, weren't, it's, Tracy Hadden Loh, Hadden Loh, It's, they've, you've, Chapple, Edwin Remsberg, downtowns, I've, —, Columbus, Keyvan Esfarjani, Eliza Relman Organizations: metros —, metros, Ball State University, University of Toronto, St, of Cities, Midwest, University of Akron, Brookings Institution, Institution, Arizona State University, Cleveland, Housing, While Ohio, Ohio State University's, Intel Locations: San Francisco, Seattle, Indiana, Midwest, Louis, Indianapolis, Minneapolis, Cleveland, Kansas City , Missouri, Detroit, Akron, leafier, downtowns, Lake Erie, Burke, Downtown, Kansas, Chicago, Columbus, While, Ohio

☆ The US is building factories at a wildly fast rate
▼ + stars: | 2023-06-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

New data from the Census Bureau reveals construction spending by US manufacturers more than doubled from last year. According to data from the Census Bureau released last week, construction spending by US manufacturers more than doubled over the past year. The IRA has sought to create new jobs in manufacturing, construction, and renewable energy, estimated to create up to 1.5 million jobs by 2030. Construction spending in most areas of the US economy has fallen in contrast, including office, health care, and educational construction. Census Bureau data reveals manufacturing construction spending has escalated from January 2020 until April 2023 in every region except New England and the Mid Atlantic.

Organizations: Service, Census, World Bank, of Labor, National Association of Manufacturers, National Environmental Locations: China, Asia, New England, India, Thailand, Vietnam

"I was previously considered wealthy in the area," said Liu, who also owns some commercial property in the northeastern city of Liaoyuan. In play now in China, where around 70% of household wealth is in property, this phenomenon is weighing on the post-pandemic recovery of household consumption, which Chinese policymakers have vowed to make a more prominent driver of economic growth. Capital Economics estimates net household wealth declined 4.3% overall last year, due to falling house and stock prices, the first decline since at least 2001. Indeed, deposits rose a further 9.9 trillion yuan in the first quarter of this year. ($1 = 6.8376 Chinese yuan renminbi)Additional reporting by Shuyan Wang; Editing by Marius Zaharia and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ The 11 best cheap places to live in the US
▼ + stars: | 2023-04-13 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

The website Niche ranks the best places to live on factors like home value, income, and diversity. Here are the cities with the lowest cost of living on Niche's list of best places to live in the US. Each year, Niche identifies the best places to live across America — spots where, among other qualities, residents can relatively easily afford housing, send kids to good schools, and find great jobs. Insider took Niche's overall list of best places to live as of April 12 and filtered it by the most affordable cities. Read on to learn more about 11 of the best and most affordable cities to live in 2023, including what they're known for, how much people make, how much homes cost, and what residents say about them.

☆ Opinion: Don't count DeSantis out yet
▼ + stars: | 2023-04-11 | by ( Patrick T. Brown | ) edition.cnn.com time to read: +7 min

A third Trump presidential nomination would indicate that Republican primary voters may prefer style over substance. But if they are serious about not just making liberals mad but advancing actual policy, GOP voters should consider other names, starting with the Florida governor. Recognizing key figures and institutions on the right in this way suggests a DeSantis administration would be serious about delivering on conservative principles. In short, DeSantis offers Republicans a glimpse into what a successful conservative approach to governing could look like. If GOP voters decide their primary operating principle is to enrage the media and “own the libs,” they will nominate Trump.

☆ Scranton to Biden: Love ya, Joe. But a 2024 run?
▼ + stars: | 2023-03-22 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

[1/6] A photograph of Jim Connors, 76, former Mayor of Scranton, with U.S. President Joe Biden hangs in his home in Scranton, Pennsylvania, U.S., March 10, 2023. Despite those strong ties, interviews with about two dozen Scranton voters show many harbor deep concerns about Biden running again. Many Scranton residents say they might back Biden again in 2024, albeit without much enthusiasm. Biden is also supporting a plan to build a new rail line from Scranton to New York City. “So, when I think about President Biden, I don't just think about President Biden being our hometown son," Cognetti said.

In the short-term, regulators have found a solution for Silicon Valley Bank depositors and, we hope, calmed the fears of a wider run on regional banks. The much admired U.S. system for producing innovation has just received a body blow, and the turmoil that led to the death of Silicon Valley Bank isn't over. Silicon Valley Bank, founded in 1983, was born in a time when Silicon Valley was a synonym for "tech" and "innovation." SVB was the crown jewel of banks and the venture capital industry, not just in Silicon Valley, but globally. It's easy to picture these as large firms, and a tiny handful of famous venture firms have hundreds of employees.

☆ John Fetterman's wife, Gisele, says she's 'so proud of him' for seeking treatment for depression. Here's a timeline of their relationship.
▼ + stars: | 2023-03-04 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

2007: Gisele Barreto Fetterman wrote a letter to John Fetterman, then the mayor of Braddock, Pennsylvania, to see how she could get involved in his mission to revitalize the town. Gisele Barreto Fetterman and John Fetterman. Samantha Laub/AL DÍA News via Getty ImagesJohn Fetterman served as the mayor of Braddock from 2006 to 2019. She eventually connected with John Fetterman and traveled to Braddock to meet him. We talked on the phone, I planned the visit, and that's how I first got to Braddock."

☆ The 'office apocalypse' won't doom big cities — it's actually making them stronger
▼ + stars: | 2023-03-02 | by ( Matthew E. Kahn | Christopher Okada | ) www.businessinsider.com time to read: +12 min

In San Francisco, tax revenue is projected to drop by as much as a billion dollars over the next six years. In order to bring in these new residents, cities will have to shift some of their priorities. Research coauthored by Steven Levitt of "Freakonomics" found that increases in violent and property crimes were correlated with city residents migrating to the suburbs. All is not lostThere's little doubt that superstar cities like New York and San Francisco have serious problems on their hands. Christopher Okada is the CEO of Okada & Company, a full-service commercial real estate brokerage and investment company in New York City.

☆ The spiral of violence in the occupied West Bank: podcast
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: 1 min

Follow on Apple, Google or Spotify. =====================Lone wolves and revenge mobs foil hopes for Israeli-Palestinian peace. Nigeria’s disputed presidential election. Supreme Court conservatives cast doubt on student loan plan. Further ReadingIsrael arrests suspects in settler rampage described by general as 'pogrom'Rust belt province got old before it got rich, as much of China willTinubu is Nigeria's president-elect after disputed electionOur Standards: The Thomson Reuters Trust Principles.

☆ DeSantis' new memoir skips juicy details about his life that could emerge in a presidential bid. Here's what he left out.
▼ + stars: | 2023-02-28 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +10 min

DeSantis published his first memoir, "The Courage to Be Free," on TuesdayThe book is widely viewed as laying the groundwork for a presidential run. DeSantis doesn't mention his gap year between Yale and Harvard, when he taught at the elite Darlington School. DeSantis writes extensively about his legislative victories in his book, but not about the legal battles that have ensued. DeSantis writes nothing about the January 6 attack on the Capitol to overturn the election results, nor does he address Trump's false claims about election fraud. He also, without naming Trump, writes about "the dangers of truning over the country to the likes of Dr. Anthony Fauci" during the pandemic.

[1/7] Farmer Wang Zhanling sits next to his wife in their house in Quansheng village, Heilongjiang Province, China, February 8, 2023. The state-run Chinese Academy of Sciences sees the pension system running out of money by 2035. "If the pension system does not change, this is unsustainable," said Xiujian Peng, senior research fellow in the Centre of Policy Studies at Victoria University in Australia. The province has the lowest birth rate in China, with just over 100,000 births in 2021 and 460,000 deaths. Many experts, including Macquarie's chief China economist Larry Hu, suggest implementing a unified national pension system, backstopped by the more resourceful central government rather than cash-strapped local administrations.

☆ DeSantis saw Harvard and Yale degrees as 'scarlet letters' when running for office: book
▼ + stars: | 2023-02-27 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +4 min

DeSantis worried when running for Congress that his Ivy league degrees would work against him. He had been in the Navy after attending Yale and then Harvard Law School, and was concerned voters would be suspicious of his "elite" educational background, he wrote. "I viewed having earned degrees from Yale and Harvard Law School to be political scarlet letters as far as a GOP primary went," DeSantis wrote in the book. In his book, DeSantis credits his extensive door knocking with wife Casey DeSantis for helping him win in a crowded primary. "I am one of very few people who went through both Yale and Harvard Law School and came out more conservative than when I went in," DeSantis said.

☆ Get paid up to $10,000 to move? That's great for remote workers, but economists say it's not a good investment for the cities footing the bill
▼ + stars: | 2023-02-19 | by ( Robert Davis | ) www.businessinsider.com time to read: +13 min

The more than 2,000 people who received Tulsa Remote grants have a median income of more than $85,000. For starters, he found the income generated by recipients of the Tulsa Remote program was just a sliver of the $80 billion the 468,000-plus workers in the Tulsa metro area generated in 2021. A Brookings Institution analysis of the Tulsa Remote program published in September found that the program was generally effective at bringing high-skilled labor to the area. He compared the impact of the incentive program to the opening of a Honda manufacturing plant in Greensburg in 2007. A previous audit from Hoffer's office in 2019 identified two major flaws in the Think Vermont program.

☆ Here's how JD Vance twisted and turned his way from humble Rust Belt beginnings into becoming a Yale-educated, best-selling author, and senator at 38
▼ + stars: | 2023-02-16 | by ( James Pasley | ) www.businessinsider.com time to read: +1 min

JD Vance may be best-known for his memoir "Hillbilly Elegy," which was adapted into a movie for Netflix. Vance is a venture capitalist who formally entered politics in 2021, but he's had a national presence since 2016. In November 2022, he was elected as a US Senator of Ohio at the age of 38. In a short period of time, Vance went from the Marines to Yale Law School to working as a venture capitalist in Silicon Valley to becoming the best-selling author of "Hillbilly Elegy." Vance has written a memoir about his life and beliefs, but has been criticized for changing his political views when it best serves him.

☆ Detroit Aims to Spur New Housing, Boost Property Values With Tax Change
▼ + stars: | 2023-02-14 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

Detroit city officials are weighing a radical change to the way the city taxes property, which proponents say will help revitalize the city and become a model for the Rust Belt. Detroit would be the largest U.S. city to introduce a so-called land-value tax. Like most U.S. cities, Detroit calculates property taxes by estimating the value of a property’s land and buildings and charging a fixed percentage each year.

☆ US-China Tech War: How Money for Semiconductor Factories Costs Americans
▼ + stars: | 2023-01-19 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +15 min

If the first Cold War was defined by the development of nuclear weapons, this Tech Cold War is defined by the computer chip. The massive Intel plant in Ohio is a key part of the race with China for the future of tech. Even before the Intel plant, the Columbus area was well acquainted with these sorts of trade-offs. But, the Ohio State study found, Columbus' residential tax-abatement programs did little to meaningfully address the housing problem, while draining the city's funds. Federal, state, and local subsidies add up to billions of dollars that Intel is saving on its new Ohio semiconductor factory.

☆ Bowling Green, Kentucky is the next big U.S. city
▼ + stars: | 2022-12-22 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

Biden solidified his push to reverse the tide of globalization in August 2022 with two major pieces of legislation. The CHIPS and Science Act provided $53 billion to bring semiconductor manufacturing and development to the United States. But Rust Belt states - once manufacturing powerhouses that slumped in the era of deindustrialization - also stand to win big. Hourly wages in the United States are 12 times higher than those in India, according to data from NationMaster. For the United States, though, Biden’s actions will be a boon to parts of the country left behind by the rapid economic growth of high-flier states on the coasts.

“You really need leadership in these local areas to execute on the Inflation Reduction Act to the fullest extent,” Spears said. “This completely opens the pathway for Michigan to lead on clean cars of the future, and that’s really exciting,” Spears said. Climate victories at the local level are also poised to make a big impact. If fully implemented, climate experts have said the Inflation Reduction Act could reduce U.S. emissions by about 40% below 2005 levels by 2030. “So it’s really important to have climate leadership in state and local governments to actually execute on that and make sure it happens well.”

☆ 3 major predictions for real estate in 2023, according to a 17-year Wall Street veteran who also lists 10 cities that could see the most and least price corrections
▼ + stars: | 2022-11-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

T here will be disparity in price corrections for homes listed above and below median home prices. in price corrections for homes listed above and below median home prices. Rising mortgage rates will increase demand for affordable homes and reduce their supply, he said. On Monday, 30-year fixed mortgage rates were at 7.08% in the US, more than double where they were a year ago. Rising mortgage rates will increase demand for more affordable properties and reduce their supply, he said.

☆ Jim Obergefell's Supreme Court case helped legalize same-sex marriage 7 years ago. Now, he could become the only openly gay member of Ohio's state House.
▼ + stars: | 2022-11-02 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +13 min

Now, Jim Obergefell — the man for which that case was named — is running for Ohio state House. "But you know, the nice thing is, everything I went through with the court case — a lot of that really prepared me for something like this." The "court case" in question was Obergefell v. Hodges, the landmark 2015 civil rights case in which the Supreme Court ruled five to four that same-sex couples were guaranteed the right to marry. "I don't start with it, and I don't focus on it," he said of his association with the 2015 Supreme Court case. "Very, very few of them have a Supreme Court case that happened because of that relationship."

☆ From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality
▼ + stars: | 2022-07-31 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +7 min

Currently, about 2% of its production is through additive manufacturing and more integration into the mix is in sight. 3-D printing is not for every job. Prices for industrial 3-D printing machines can vary from $25,000 to $500,000 and up to $1 million for huge systems. But stock market reception of 3-D printing as a pure-play investment theme has not been good in recent years. Pivoting to 3-D printing was the company's "Kodak moment," said owner and president Mark Lamoncha.

Search resuls for: "Rust Belt"

25 mentions found