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Gov. Tina Kotek dropped plans to designate rural land near Hillsboro for industrial development on Friday as Oregon’s odds of winning a federally backed semiconductor research hub before a looming statutory deadline all but vanished. The state has been pursuing the major research site since Congress authorized the CHIPS Act in 2022 and had been eyeing 373 acres south of U.S. 26 for the project. Political and business leaders hoped a National Semiconductor Technology Center could have cemented Oregon’s leadership role in technology research and brought nearly $1 billion in federal dollars to the state. They sought to expand the Portland area’s urban growth boundary to make room for the facility, using special gubernatorial authority that expires at the end of 2024. Friday’s decision is a tacit acknowledgement that Oregon’s chances of landing the site have faded and that time was running out to use Senate Bill 4, the state law that granted Kotek authority to designate rural land for the chip sector. It’s a major defeat for Oregon’s strategy to boost the state’s semiconductor industry, one of the region’s major economic engines. “With two of the three NSTC facilities already determined and the third not yet announced, Gov. Kotek believes that there is not a legal path forward to bring additional acreage into the Hillsboro UGB,” the governor’s office said in a written statement Friday. “The governor believes that for the long-term success of Oregon’s economy, there may be a need for more industrial land outside of existing UGBs, but the constraints of Senate Bill 4 limit her authority at this time.” A federal research hub had been a top priority for Intel and for Oregon economic development boosters . At one time it seemed the state was a frontrunner to land one of the three projects. But the first two research sites went to upstate New York and to Silicon Valley. It’s not clear that the Biden administration will designate a third site before the president’s term ends next month, or that the incoming Trump administration would stand by any decision made by its predecessor. Intel , which had championed the CHIPS Act and Oregon’s candidacy for a research hub, has lost much of its political influence in Washington, D.C. The chipmaker replaced its CEO last month and Intel’s own future is now in doubt as sales flag and the company’s market position deteriorates. Kotek’s decision Friday to leave the farmland’s rural designation in place doesn’t officially end Oregon’s bid for a research hub. But if the Commerce Department suddenly took a renewed interest in Oregon, it would now have to find an alternate site or secure fresh authorization from the state Legislature.
Nearly two-thirds of manufacturers are adopting a "power-of-two" strategy, ensuring the majority of their direct spending is sourced from two separate regions. Attractiveness of low-cost manufacturing hubs such as India and Brazil for FDI drops by 15%. LONDON , Dec. 10, 2024 /PRNewswire/ -- The World Economic Forum , in collaboration with global consultancy Kearney , has today released its latest report, Beyond Cost: Country Readiness for Manufacturing and Supply Chains , highlighting that more than 90% of manufacturing executives are prioritizing regional supply chain strategies. Firms have learned to adapt to recent supply disruptions (such as Covid and the Suez Canal blockage) in recent years, but the industrial landscape remains unsettled by a mix of geopolitical and environmental factors, including a year of numerous elections across the globe and the resulting impact of potential protectionist tariffs. As a result, regionalization is becoming a key tactic to safeguard against global trade disruptions. The findings from more than 300 global operations executives show that nearly two-thirds of manufacturers are adopting a "power-of-two" strategy, having the majority of their spend sourced across two separate regions. This shift moves beyond the traditional focus on best cost to include holistic factors such as infrastructure, technology, skilled labor, and sustainability. Foreign direct investment (FDI) in low-cost manufacturing declines as priorities shift The shift from "best-cost" to "value-driven" investment strategies is also playing a key role in foreign direct investment (FDI) trends in manufacturing hubs, with traditional low-cost regions losing their appeal. "Adapter" countries such as Brazil and India , characterized by a GDP per capita that sits below the global average and with a limited contribution of the manufacturing sector to GDP, have experienced a 15% decline in FDI attractiveness as cheap labor alone is no longer enough to sustain long-term investment. In contrast, "connectors" such as Bangladesh and Mexico which (like adapters) have historically traded on their best-cost status but whose contribution of manufacturing to GDP is higher, have seen the appeal of their inward investment improve by 14%. "Scalers" like Singapore and Ireland have, on average, seen steady FDI growth, up 2% thanks to strong infrastructure and favorable regulatory environments. Similarly, "convergers" such as the United States and Denmark have also seen an average 2% increase in FDI, attracting long-term investment by focusing on factors like sustainability and infrastructure. This shift in FDI confidence aligns with actual FDI changes over the same period. Countries with higher GDP per capita have experienced more significant FDI growth, regardless of the manufacturing sector's contribution to GDP. "Convergers" such as the US and Denmark experienced an average 295% rise in FDI in the past 10 years, while "scalers" like Singapore and Ireland saw an average 215% increase. On the lower end, "connectors" like Mexico and Bangladesh saw FDI growth of an average 144%, double that of "adapters" such as India and Brazil , which recorded just an average 74% increase. Per Kristian Hong , Partner and Americas Strategic Operations and Performance Lead, Kearney, commented: "With over 2 billion voters across 50 countries having cast ballots in 2024, 2025 will be a critical year for every company reliant on cross-border operations. "Plans to accelerate a sweeping range of policies, intended to reset global trade through tariffs and export controls, will require businesses to reassess their network manufacturing footprint beyond merely low-cost alone. A more complex and nuanced decision-making process is needed, one that considers flexibility and a country's ability to deliver environmental change in line with global strategic priorities." Kiva Allgood, Head, Centre for Advanced Manufacturing and Supply Chains, World Economic Forum added: "As global value chains undergo a profound transformation, countries and companies have a unique opportunity to redefine their competitive edge. "This report highlights how countries that deploy innovative policies and invest across these seven factors can position themselves as leaders in the evolving manufacturing landscape, driving economic growth and societal progress." The World Economic Forum and Kearney report identifies seven critical readiness factors that drive private sector decision-making and shape the attractiveness of a country amid the global rewiring of supply chains. These factors serve as a guide for policymakers and industries, covering: Infrastructure Resources and energy Technology Labor and skills Fiscal and regulatory Geopolitical landscape Environmental, social, and governance Read the full report here . Notes to editor To understand how businesses are adapting to the changing global value chain landscape, the World Economic Forum, in collaboration with Kearney, surveyed over 300 global operations executives and conducted 60 consultations on strategies for future-proofing supply chains. This paper evaluates countries' readiness for next-generation manufacturing across seven key factors, highlighting that attractiveness for manufacturing investment now goes beyond just cost. About the World Economic Forum The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. ( www.weforum.org ). About Kearney Kearney is a leading global management consulting firm. For nearly 100 years, we have been a trusted advisor to C-suites, government bodies, and nonprofit organizations. Our people make us who we are. Driven to be the difference between a big idea and making it happen, we work alongside our clients to regenerate their businesses to create a future that works for everyone. Press contact (UK) Tom Stewart-Walvin Rostrum – PR consultants to Kearney [email protected] [email protected] Press contact (US) Meir Kahtan MKPR [email protected] +1 917-864-0800 SOURCE Kearney
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In addition to welcoming the new year, Hartsfield-Jackson Atlanta International Airport (ATL) will begin an 18-month celebration of its Centenary on New Year's Eve. This commemorates the airport's significant contribution to the development of the city and international aviation. The celebrations will pay tribute to the long history of Atlanta, the busiest airport in the world, as well as its potential to become a center for aviation innovation in the future. The centennial countdowns started with a midnight show Following an exciting centennial design, Hartsfield-Jackson Atlanta International Airport's unique canopies will be illuminated with a unique New Year's countdown when the clock strikes midnight on December 31, 2024, the airport said in a press release . With the exception of holidays and special occasions, this colorful show will be on display every evening, signifying the airport's long history and forward-thinking outlook. The grand canopy lighting marks the official start of a year-and-a-half-long celebration that will commemorate Atlanta International Airport’s 100-year journey from its modest beginnings to its current status as a global transportation leader. A century of aviation milestones Hartsfield-Jackson's story began in 1925, when Atlanta Mayor Walter Sims signed a lease for an abandoned auto racetrack located just south of downtown Atlanta. With the guidance of City Council member William Hartsfield, the city embarked on transforming the site into an airfield. The facility, initially known as Candler Field, would soon become one of the busiest aviation hubs in the world. The airport’s first commercial flight arrived on September 15, 1926, when Florida Airways established a mail route linking Tampa, Jacksonville, and Atlanta. Over the next century, the airport grew into the world’s busiest , serving more than 100 million passengers annually. Hartsfield-Jackson has actually maintained the title for more than 20 years, except for 2020, when travel witnessed a steep fall overall owing to the COVID-19 pandemic. The airport projected that it would reach 125 million passengers within the next five years. The history of Atlanta is also inextricably linked to the contributions of two influential mayors, Maynard Jackson and William B. Hartsfield. The airport was renamed in 1971 in Hartsfield's honor. Hartsfield was mayor of the city for more than 20 years in total. In honor of Jackson's significant contribution as the city's first Black mayor and his influence on the development of the airport's contemporary operations, the airport was renamed once again after his passing in 2003. What's the event about? Atlanta's 61st mayor, Andre Dickens, will conduct a news conference on January 13, 2025, marking the formal start of Hartsfield-Jackson International Airport's centennial celebrations. Living former mayors of Atlanta and previous airport general managers will be present at the occasion, and they will all offer their perspectives on Atlanta's development throughout the years. You know ATL as the world's busiest airport, but here are some fast facts that you may not know. A centennial gala, art exhibits, anecdotes detailing the airport's colorful past, and an outlook on future transportation systems are just a few of the events and activities that will be held throughout the centennial anniversary to honor the airport's legacy and involve the community. Hartsfield-Jackson Atlanta International Airport is moving to the future while also honoring its rich past. The airport will maintain its position as a world leader in aviation thanks to a number of planned additions and technical advancements. The airport plans to finish a number of infrastructure projects by 2025, including Phase 2 of the Concourse D widening project , with the goals of increasing passenger flow, improving services, and guaranteeing sustainability. Delta Air Lines centennial also approaching In an exciting intersection of celebrations, Delta Air Lines , the city’s legacy carrier, will also mark its centennial in 2025 . Delta, which has called Hartsfield-Jackson Airport home for decades, is planning its own set of events, including a grand opening keynote at the 2025 Consumer Electronics Show (CES) in Las Vegas on January 7, 2025. The keynote, featuring Delta CEO Ed Bastian, will explore how technology is reshaping the passenger experience. Delta will also host interactive exhibits and offer unique experiences for its SkyMiles members at the event.
The Nasdaq-100 index has been in the spotlight recently, especially due to its fluctuations in the US stock market. However, one stock has stood out for its incredible performance, with a staggering 110,600% increase since its IPO. As we head into 2025, Axon Enterprise continues to be a standout stock, drawing attention from investors and Wall Street analysts alike. Axon Enterprise’s Remarkable Growth Axon Enterprise, previously known as Taser International, has experienced an extraordinary rise in value, boasting a gain of 110,600% since its IPO in the early 2000s. The company recently replaced Moderna in the Nasdaq-100 following its annual rebalancing, solidifying its place in the elite index. Despite Moderna’s strong performance during the pandemic, Axon’s consistent growth trajectory has made it a key player in the index. Why Axon Enterprise Remains a Strong Investment for 2025 Axon’s innovative approach to law enforcement equipment has set it apart in the tech and safety sectors. Known for its flagship Taser stun gun , Axon focuses on enhancing the safety of law enforcement officers, reducing suspect injuries, and fostering better community relations. This mission-driven approach, combined with its impressive financial performance, has made Axon a highly attractive stock for US investors. Aon’s Popularity Among Investors Despite the high growth percentages, Axon Enterprise remains a strong investment option, with many investors eager to purchase before prices surge further. The company’s commitment to reducing injuries and improving law enforcement safety has created a loyal customer base and a positive reputation, especially in the US. With its growing presence in the law enforcement market and continued innovation, Axon is expected to keep its momentum heading into 2025. Axon Enterprise’s meteoric rise in the Nasdaq-100 reflects its solid business model, innovative products, and growth potential. As it continues to make waves in the law enforcement and tech industries, Wall Street analysts maintain a positive outlook, signaling that Axon could be one of the top stocks to watch in 2025.Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week - Investopedia
Long-serving governments need strong oppositionsQB Josh Allen and coach Sean McDermott deserve credit in Bills latest AFC East-clinching season
Buccaneers are back to .500 and in position to control their playoff hopes down the stretch
Fairways & Bluewater's brand: Their key to successThe interim government will not make unilateral decisions on the reform commissions' reports but will finalise decisions through consultations with all political parties, said Adviser Mahfuj Alam yesterday. "We have been engaging in consistent discussions with political parties. Once the commissions begin presenting their proposals, which we expect from January, broader consultations will occur involving all stakeholders," Mahfuj said at the concluding session of a dialogue organised by the Forum for Bangladesh Studies at Krishibid Institution Bangladesh in Dhaka. He explained that the consultations would determine the extent of feasible reforms. Mahfuj said reforms proposed by the political parties' had been largely integrated into the government's initiatives. "The political parties must now sit with us to finalise what reforms are achievable and necessary." He emphasised the importance of strengthening state institutions. "The foundation of the state relies on its institutions. Without robust institutions, the unity of the state is meaningless. If we cannot reform institutions like the Election Commission to serve the people, our efforts will be futile." The adviser stressed that reforms must be consensual. "We need agreement on how much reform is possible and whether a legal framework can ensure that future governments continue these initiatives. Political parties must commit to upholding reforms when in power." Meanwhile, Nahid Islam, adviser to the information and ICT ministries, underscored the need for democratic power transitions to prevent the recurrence of political unrest. "The absence of a democratic transition process led to the recent popular uprising that ousted the previous government. The people of Bangladesh have shed blood repeatedly, yet this issue remains unresolved." He called for a framework to institutionalise peaceful and democratic power transitions. "Our primary agenda is to prevent the return of vindictive politics. This must be addressed before the elections." Responding to a query about the government's performance, Nahid said, "The public or those outside power can judge better. We are working within limitations, seeking assistance to advance our goals." Nahid criticised the bureaucracy's misuse under previous governments. "Bureaucrats gained undue power under the past regime, which was used to establish fascism. This legacy challenges our administrative effectiveness." He commended the unity achieved during the mass uprising, saying, "This national unity persists on key issues." He also called for embedding the essence of the July uprising into a new constitution, warning of future disruptions if this is not achieved. On foreign policy, Nahid stressed the need for consistency. "Bangladesh's foreign policy has historically shifted with changes in government. We need consensus on economic and trade policies to secure the nation's future." At the event, Nagorik Oikya Convener Mahmudur Rahman Manna dismissed debates over "reforms first or elections first" as irrelevant. "Reforms will always be ongoing, but an interim government is temporary. The focus must be on conducting a free and fair election." Amar Bangladesh Party Member Secretary Mojibur Rahman Monju said they aim to build a "New Bangladesh" with the help of the youth. Private University Students Alliance representative Tanjil Mahmud called for engaging students in the reform process. Supreme Court lawyer Dilruba Shormin urged unity, invoking the sacrifices of the uprising's martyrs. Gono Odhikar Parishad's Rashed Khan, Jamaat-e-Islami's Hamidur Rahman Azad, Chattogram Hill Tracts representative Ilira Dewan, BNP's Mahidi Amin, and others echoed the need for reform and consensus. Political scientist Navine Murshid stressed institutional accountability to ensure sustainable change. The dialogue concluded with a consensus on the importance of inclusive reforms to strengthen democratic governance and national institutions. The interim government will not make unilateral decisions on the reform commissions' reports but will finalise decisions through consultations with all political parties, said Adviser Mahfuj Alam yesterday. "We have been engaging in consistent discussions with political parties. Once the commissions begin presenting their proposals, which we expect from January, broader consultations will occur involving all stakeholders," Mahfuj said at the concluding session of a dialogue organised by the Forum for Bangladesh Studies at Krishibid Institution Bangladesh in Dhaka. He explained that the consultations would determine the extent of feasible reforms. Mahfuj said reforms proposed by the political parties' had been largely integrated into the government's initiatives. "The political parties must now sit with us to finalise what reforms are achievable and necessary." He emphasised the importance of strengthening state institutions. "The foundation of the state relies on its institutions. Without robust institutions, the unity of the state is meaningless. If we cannot reform institutions like the Election Commission to serve the people, our efforts will be futile." The adviser stressed that reforms must be consensual. "We need agreement on how much reform is possible and whether a legal framework can ensure that future governments continue these initiatives. Political parties must commit to upholding reforms when in power." Meanwhile, Nahid Islam, adviser to the information and ICT ministries, underscored the need for democratic power transitions to prevent the recurrence of political unrest. "The absence of a democratic transition process led to the recent popular uprising that ousted the previous government. The people of Bangladesh have shed blood repeatedly, yet this issue remains unresolved." He called for a framework to institutionalise peaceful and democratic power transitions. "Our primary agenda is to prevent the return of vindictive politics. This must be addressed before the elections." Responding to a query about the government's performance, Nahid said, "The public or those outside power can judge better. We are working within limitations, seeking assistance to advance our goals." Nahid criticised the bureaucracy's misuse under previous governments. "Bureaucrats gained undue power under the past regime, which was used to establish fascism. This legacy challenges our administrative effectiveness." He commended the unity achieved during the mass uprising, saying, "This national unity persists on key issues." He also called for embedding the essence of the July uprising into a new constitution, warning of future disruptions if this is not achieved. On foreign policy, Nahid stressed the need for consistency. "Bangladesh's foreign policy has historically shifted with changes in government. We need consensus on economic and trade policies to secure the nation's future." At the event, Nagorik Oikya Convener Mahmudur Rahman Manna dismissed debates over "reforms first or elections first" as irrelevant. "Reforms will always be ongoing, but an interim government is temporary. The focus must be on conducting a free and fair election." Amar Bangladesh Party Member Secretary Mojibur Rahman Monju said they aim to build a "New Bangladesh" with the help of the youth. Private University Students Alliance representative Tanjil Mahmud called for engaging students in the reform process. Supreme Court lawyer Dilruba Shormin urged unity, invoking the sacrifices of the uprising's martyrs. Gono Odhikar Parishad's Rashed Khan, Jamaat-e-Islami's Hamidur Rahman Azad, Chattogram Hill Tracts representative Ilira Dewan, BNP's Mahidi Amin, and others echoed the need for reform and consensus. Political scientist Navine Murshid stressed institutional accountability to ensure sustainable change. The dialogue concluded with a consensus on the importance of inclusive reforms to strengthen democratic governance and national institutions.
Is This Something To Brag About ? – Peeps Bash Afia Schwar For Claiming She Got Rid Of 12 Pregnancies This YearAI artist creates 'realistic' image of what Mary looked like before giving birth to JesusSuper Micro Computer’s Surge! What Does It Mean for Gaming?
There was much chatter recently in Parliament and online forums on the future of Singapore’s much-cherished hawker culture ( Govt sets out ways it helps sustain hawker culture, alleviate cost pressures on Singaporeans , Nov 14). Senior Minister of State for Manpower and Sustainability and the Environment Koh Poh Koon listed the Government’s three objectives in its hawker policy – affordable food options, sustainability of the hawker trade, and the preservation of our unique “local” hawker culture. However, the discussions merely scratched the surface of hawker issues, failing to adequately address two core tenets of hawker preservation: civic participation and a future-oriented hawker policy. First, discussions have discounted the role of civic participation in supporting the hawker trade. As a citizenry, we often take retiring popular hawkers as a yardstick of a dying trade, a misaligned benchmark given that they represent only a minority of hawkers. The majority comprises a long list of less popular and younger hawkers who need our recurrent support. How many of us routinely buy from these stalls? Extending our support to this group is crucial for the trade’s longevity. Hawking is no longer a vocation of necessity but one of choice. For the trade to survive through future generations, Singaporeans must become more supportive of young people entering this field. Second, the Government must engage in a more forward-thinking hawker policy. The current policy focuses mainly on operational matters, such as keeping rent low and maintaining cleanliness. While this is essential, it is also time to explore a hawker policy beyond day-to-day considerations and formally recognise the broader social and economic impacts of hawker centres. This would further entrench their importance in Singaporeans’ everyday lives and add to their continued relevance. Discussions on preserving a uniquely Singaporean or local hawker identity may also be counterproductive. What is truly uniquely Singaporean? Are young hawkers’ edgy offerings any less authentic? Are coffee shop hawkers any less culturally Singaporean than those at hawker centres? Likely not. As a researcher of Singaporean hawker centre history and hawker politics, I have observed that food is an extension of people and culture, and as Singapore evolves, so will our food. Framing “authenticity” with rigid OB markers is a slippery slope from which we should move away altogether. Ultimately, hawker policies must go beyond operational considerations and delve into “softer” aspects of cultural evolution and socio-economic salience. Preserving our hawker culture requires a collaborative effort between the Government and citizenry, alongside an attitudinal refresh. By supporting both established and emerging hawkers, we can ensure this cherished practice thrives in modern Singapore. Ryan Kueh Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel nowBlackRock TCP Vs. Oaktree Specialty: Both Are Likely To Cut, One Of Them Sooner
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