City Launches Homeownership Assistance Pilot on Corridors of Opportunity

City Launches Homeownership Assistance Pilot on Corridors of Opportunity

Residents march down Beatties Ford Road, one of Charlotte’s Corridors of Opportunity where the city’s new homeownership assistance program will launch. (Photo by Grant Baldwin) The city of Charlotte on Thursday announced the launch of a new homeownership assistance pilot program that will provide up to $80,000 in funding for eligible residents looking to purchase a home in certain “areas of influence” within the Corridors of Opportunity. House Charlotte Plus will supplement the existing House Charlotte homeownership assistance program, which offers $30,000 for eligible homebuyers anywhere in the city, by offering an additional $50,000 to those who meet certain eligibility criteria, including making 80% of the area median income (AMI) or less. The maximum purchase price for homes to qualify for House Charlotte Plus funding is $300,000 for existing homes and $315,000 for new construction. The home must be located in areas surrounding the Charlotte’s six Corridors of Opportunity , where the city is investing $38.5 million into neighborhoods surrounding six historically underinvested areas : Graham Street/North Tryon Street, Sugar Creek Road at I-85, Albemarle Road/Central Avenue, Beatties Ford Road/Rozzelles Ferry Road, West Boulevard, and Freedom Drive/Wilkinson Boulevard. “House Charlotte Plus is another way the city is investing in […]

Emily Tracy: Work Plan for Cotter uranium mill site presents an opportunity

Emily Tracy: Work Plan for Cotter uranium mill site presents an opportunity

Sulphuric acid tanks and the lime tank and mix area are still standing amid the dismantling work being done at contaminated site of Cotter Corp. Cañon City milling facility. You know what it’s like when a once-in-a-lifetime opportunity comes around, and you miss it. You kick yourself, you hold onto regret for too long. Well, that’s where we are in the cleanup process for the Cotter uranium mill site and surrounding neighborhoods. A Work Plan will soon be approved that will outline new environmental testing in the Cañon City area, to determine the nature and extent of radioactive and heavy metal contamination from past uranium mill activities. Now is the time to let regulators know what you want to be tested! Emily Tracy A little background. The Cotter uranium mill south of Cañon City was built in the late 1950s and operated off and on until about 2011. In the 1960s and 1970s the mill was found to be the source of contamination of groundwater and soils in the mill area plus in Lincoln Park. The site was declared a federal Superfund site in 1984. Ongoing violations of the mill’s radioactive materials license continued off and on until the […]

ChatGPT passes exams from law and business schools

ChatGPT passes exams from law and business schools

CNN — ChatGPT is smart enough to pass prestigious graduate-level exams – though not with particularly high marks. The powerful new AI chatbot tool recently passed law exams in four courses at the University of Minnesota and another exam at University of Pennsylvania’s Wharton School of Business, according to professors at the schools. To test how well ChatGPT could generate answers on exams for the four courses, professors at the University of Minnesota Law School recently graded the tests blindly . After completing 95 multiple choice questions and 12 essay questions, the bot performed on average at the level of a C+ student, achieving a low but passing grade in all four courses. ChatGPT fared better during a business management course exam at Wharton, where it earned a B to B- grade. In a paper detailing the performance , Christian Terwiesch, a Wharton business professor, said ChatGPT did “an amazing job” at answering basic operations management and process-analysis questions but struggled with more advanced prompts and made “surprising mistakes” with basic math. “These mistakes can be massive in magnitude,” he wrote. The test results come as a growing number of schools and teachers express concerns about the immediate impact […]

Inside Air France’s new business class cabin

Inside Air France’s new business class cabin

CNN — Air France has just launched a plush new long-haul business cabin on one of its Boeing 777-300ER planes complete with sliding doors and redesigned seats. The airline debuted the impressive 48-seat business class cabin, first announced last year, on a flight from Paris to New York on January 20. The new seats can be converted into a flat bed measuring almost two meters, and also come with a sliding door to create “a totally private space.” Air France has introduced its new 48-seat business class cabin. Entertainment amenities come in the form of a 17.3-inch 4K high-definition entertainment screen, as well as noise-reducing headsets, and a Bluetooth connection allowing passengers to use their own headphones.. While all of the seats have direct access to the aisle, those in the center are fitted with a central panel that can be lowered when passengers are flying together. The new cabin will be available to business class travelers heading to New York, Rio de Janeiro and Dakar, Senegal this winter. It’ll be rolled out to other destinations throughout the course of the year as more of the planes are refurbished. The redesigned seats can be converted into a flat bed […]

Orsted says offshore business faced headwinds in Q4 due to delays, hedges

Orsted says offshore business faced headwinds in Q4 due to delays, hedges

Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/ COPENHAGEN, Feb 1 (Reuters) – Denmark’s Orsted (ORSTED.CO) , the world’s No. 1 offshore wind farm developer, on Wednesday reported fourth-quarter operating profit in line with preliminary 2022 numbers but said its offshore business faced challenges. "In a year with unusual market conditions, not least the very volatile energy prices and a substantial increase in inflation, we’re happy to achieve a record-high operating profit for 2022," Chief Executive Mads Nipper said in a statement. However, fourth-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) excluding new partnerships fell 19% to 6.70 billion Danish crowns ($979.5 million), the statement said. The company said it saw an unexpected decrease in its offshore business in the fourth quarter, primarily due to adverse impacts from hedges and delays at its Hornsea 2 project in the UK and Greater Changhua 1 & 2a project in Taiwan. Latest Updates Orsted confirmed its 2023 forecasts for EBITDA excluding new partnerships of 20 billion-23 billion crowns, compared with 21.1 billion achieved last year and below the 24.2 billion crowns expected by analysts. Its shares, which have shed more […]

Musk’s Twitter Scores Super Bowl Deals, a Boon for Struggling Ad Business

Musk’s Twitter Scores Super Bowl Deals, a Boon for Struggling Ad Business

After weeks of turmoil and layoffs, Twitter’s sales team in recent weeks has reorganized to focus more on big advertisers and launch new ad products, such as its recently released digital confetti. Now Twitter faces its biggest sales test since Elon Musk took over the company: Super Bowl Sunday, historically Twitter’s highest-grossing advertising day of the year. With the Super Bowl less than two weeks away, two major advertisers, PepsiCo and Anheuser-Busch InBev, have pledged to making big outlays: PepsiCo has committed to spending more than $3 million on Twitter takeover ads—Twitter’s flagship ad product—on the day of the Super Bowl, according to a person with direct knowledge and an internal document viewed by The Information. And Anheuser-Busch InBev has committed to spending $2.4 million on takeover ads, including at least four in the weeks leading up to the big game, according to internal messages viewed by The Information.

Enhancing digital transformation through a cloud-smart strategy

Enhancing digital transformation through a cloud-smart strategy

The cloud has accelerated digitization, especially in the post-pandemic era. Nevertheless, this begs the question: Does everything need to go to the cloud? Through a cloud-smart approach, TEKsystems Global Services LLC helps enterprises identity what ought to move to the cloud and what should not for a seamless digital transformation, according to Brandon Carroll (pictured, left), executive director of transformation, DevOps and cloud services, at TEKsystems. “Several years ago, we kind of pushed away that cloud-first mentality to the side and we use more of a cloud-smart [strategy],” Carroll stated. “Do applications, data need to go to the cloud in a way that’s modern? We’re seeing a complete misalignment between business goals and IT achievements, outcomes, etc. You can automate things, you can move it to the cloud, but if you didn’t solve a core business problem or challenge, what’d you really do?” Carroll and Srinivasan Swaminatha (pictured, right), managing director of modern cloud analytics at TEKsystems, spoke with theCUBE industry analysts Savannah Peterson and Lisa Martin at AWS re:Invent , during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed how the company propels digital transformation through the cloud and the importance of data. (* Disclosure […]

How Data Governance Enables Analytics and Drives Business Growth

How Data Governance Enables Analytics and Drives Business Growth

Improve operational efficiency and reduce business risk by aligning data, technology, people, and processes within a data governance strategy that delivers a straight quantifiable return on investment. When it comes to data, the first question isn’t whether you can measure something, it’s whether you should. What you can or should measure impacts what you can do as a business, potentially affecting your business model. Along with respecting regulatory compliance requirements and the privacy rights of individuals, it’s necessary to consider the business value of data . You can’t run a business if you’re unsure about data protection mandates or what can be measured. That’s why data governance must underpin the business model and strategy. It needs a seat in the executive suite. The introduction of GDPR and other data protection regulations have forced every business to be aware of data privacy boundaries: What data can be measured and stored, and who has access? Data governance ensures only authorized individuals have access to specific data, with controls to protect sensitive data such as personally identifiable information (PII). Getting it wrong has serious legal, financial, and reputational implications for your business. A strong legal team with data privacy experience is fundamental […]

In considering property tax relief, Texas must include small businesses

In considering property tax relief, Texas must include small businesses

The newly formed Texas Hispanic Chamber of Commerce Coalition plans to advocate for meaningful tax relief for small businesses. As small businesses continue to recover from the pandemic and deal with record-high inflation and supply chain disruptions, now is the time for Texas to deliver meaningful tax relief for small businesses. Our state finds itself in a unique position of deciding what to do with a budget surplus of nearly $33 billion. Discussions in the halls of our state capitol surround the opportunity for historic property tax relief , making it top of the list of how to spend the money. There is a lot of talk of tax relief, and some action — including the House and Senate proposing budget bills that allocate $15 billion towards property tax relief. Homeowners may be at the forefront of the conversation, but we can’t forget about the 3.1 million small businesses in Texas that also need meaningful tax relief. Texas is one of only nine states in the U.S. that imposes tangible personal property taxes on businesses , also referred to as the inventory tax. Businesses pay a tax on almost everything in their building, such as furniture, computers, equipment and […]

Announcing MIT Seminar XXI Opportunity for Coast Guard Members

Announcing MIT Seminar XXI Opportunity for Coast Guard Members

Attention, Coast Guard workforce! Here is your chance to build your policy and leadership skills through the Massachusetts Institute of Technology’s (MIT) Seminar XXI: Educating U.S. National Security Leaders Program. Members of the Coast Guard, including civilians and reservists, are encouraged to apply. Officers in or selected for paygrades O-5 to O-8, and civilian employees in grades GS-14 to SES, are eligible. The Coast Guard will nominate up to four individuals from the Washington, D.C., area for Seminar XXI. While members from any location may apply, you must be stationed in the Washington, D.C., area during the program in order to participate. Seminar XXI is a prestigious policy program for senior military officers, government officials, and industry executives in the national security policy community. Coast Guard military and civilian members have participated in the MIT Seminar XXI program since 1991. Ideal candidates will be strong communicators with an ability to explain the Coast Guard’s evolving missions and broader role to a range of audiences. The best suited candidates will be those who can translate military concepts for civilians in an engaging manner. Ultimately, candidates should be excited to seize this unique opportunity to network with ascendant military, government, private […]