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Despite a recent pickup in growth, Federal Reserve Chair Jerome Powell told Congress Tuesday that the economy is "a long way" from the central bank's goals and policymakers have no plans to raise interest rates or taper its bond-buying stimulus anytime soon."The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to ...
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Permits were approved this week for a nearly 8,000-seat indoor arena to host concerts, San Diego Sockers games and other sports events at Oceanside's sprawling El Corazon Park. Negotiations with the park's developer, Sudberry Properties, remain underway, and construction of the proposed Arena Califino depends on whether the Oceanside City Council can work out details such as property rights ...
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MADISON - Gov. Tony Evers wants to spend $2.4 billion on building upgrades across Wisconsin - nearly half of which would be spent on University of Wisconsin System campuses. The plan would give $1 billion to the UW System for building projects, spend $163 million on a new state office building in Milwaukee and create a $45 million juvenile correctional facility that would trigger the closure ...
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A 65-mile section of California's bullet train through the San Joaquin Valley that a contractor assured could be constructed much more cheaply — with radical design changes — has become another troubling and costly chapter in the high-speed rail project, a Times investigation found. The segment runs across rivers, migratory paths for endangered species and an ancient lake bed through the ...
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Beware the combination of Boris Johnson, significant bodies of water, and expensive engineering. He seems to find something so inflaming about a virgin stretch of river or sea that he has to transfix it with steel and concrete. As mayor of London, he backed a barely-used cable car over the Thames, the notorious failure of the garden bridge and “Boris Island”, which was an abandoned plan to ...
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Toyota Motor Corp. on Tuesday began construction of a smart city at the foot of Mt. Fuji in central Japan as a testing ground for new technologies including robotics and artificial intelligence. About 360 people including Toyota employees will initially move to the so-called Woven City to be built at the 70.8-hectare former Toyota factory site in Susono, Shizuoka Prefecture, powered by ...
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WASHINGTON (AP) — Add Mother Nature to the pile of crises on President Joe Biden's plate. A month into the job and focused on the coronavirus, Biden is seeing his disaster management skills tested after winter storms plunged Texas, Oklahoma and neighboring states into an unusual deep freeze that left millions shivering in homes that lost heat and power, and in many homes, water. At least 69 ...
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CHRISTCHURCH, New Zealand (AP) — The Christ Church Cathedral was arguably New Zealand's most iconic building before much of it crumbled in an earthquake 10 years ago. The years of debate that followed over whether the ruins should be rebuilt or demolished came to symbolize the paralysis that has sometimes afflicted the broader rebuild of Christchurch. As the city on Monday marks one decade ...
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An ambitious new Los Angeles River Master Plan, available for public comment until March 14, promises big changes all along the waterway's 51 miles — nowhere more so than in the Gateway Cities, at the river's confluence with the Rio Hondo southeast of downtown. This part of the river's renewal centers on a Frank Gehry-designed set of elevated platform parks over the rivers and a $150-million ...
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An ambitious £288m concert hall that was supposed to be “ the Tate Modern of classical music ” has been scrapped by the City of London Corporation, which said the impact of the Covid-19 pandemic made the plan impossible to complete. The Centre for Music was billed as being an acoustically perfect 2,000-seat concert hall for the London Symphony Orchestra (LSO) and would have had restaurants, ...
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