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June 2022

Utah economy

Utah voters head to the polls, divided over which Republican to choose for Senate

SPANISH FORK, Utah—Primary voters in Utah County headed to the polls on June 28 to choose between incumbents or chart a new direction with candidates for change in the U.S. House and Senate.

At Spanish Fork Senior Centern, in the heavily Republican county, voting was smooth and consistent for most of the morning.

Chris Merrill of Mapleton, a registered Republican, said he voted for incumbent U.S. Senator Mike Lee (R-Utah) because “I like what he did.”

Chris Merrill, a Republican, voted for incumbent U.S. Senator Mike Lee in the June 28 primary in Utah. (Allan Stein/The Epoch Times)

“I wish he would continue to do that,” Merrill told The Epoch Times in an exit poll. “I didn’t feel much sincerity in [Republican opponent] Becky Edwards. I think if it ain’t broke, don’t fix it. I feel like he is doing a good job.

Merrill said he votes in every election, but in this election the main issue is “the economy.”

“I believe the economy is important. I think voting is important. I’m not a big fan of the red flag [gun control] laws.”

A red flag law allows someone to petition a state court to order the confiscation of firearms if a person is deemed dangerous to themselves or others.

Merrill said he was also pro-life, which factored into his decision to vote in this election.

A woman who did not want her name used voted by mail for Lee as a Trump Republican.

“My daughter and I did it together. I went Republican all the way,” the woman told The Epoch Times.

The voter said there was no reason to vote for Edwards, a former Utah state representative, or business executive Ally Isom.

“[Lee] did a good job,” she said. “I am satisfied with everything.”

“You want to know the truth [why I voted]? My daughter said so.

“The way I see it, the way it’s going to be, that’s how it’s going to be,” the voter said of Roe v. Wade, an issue she considers crucial in this election. Yet the violence of abortion advocates is “ridiculous.”

“They should just be big enough to accept what is. They’re not going to change it,” the woman said.

A Utah County voter, who wished to remain anonymous, said he switched from an unaffiliated voter to a Republican so he could vote for Edwards in the primary.

“I’m not a Lee fan at all,” he told The Epoch Times. “The party is in a big mess. I think Becky Edwards is fantastic.

“I think a lot of good things are happening and a lot of changes need to be made. I trust Becky. I know her personally and I trust her completely.

The voter sees this election as critical in this “time of polarization”.

Epoch Times Photo
Craig, formerly unaffiliated with the party, said he switched to Republican in Utah’s June 28 primary. (Allan Stein/The Epoch Times)

Utah County voter Justin Craig said he voted for Becky Edwards.

“Just getting some change and a little more moderation in the Republican Party is kind of the big thing there,” he told The Epoch Times.

Craig said he switched to the Utah Republican Party to vote in the statewide primary.

“Before that, I was unaffiliated, but with Utah rules, most things are Republican to get your voice heard,” Craig said.

Craig said he also voted for Republican Jake Hunsaker in the US House of Representatives rather than incumbent Burgess Owens (R).

“I think with the recent bipartisan gun bill that has recently passed there may be changes and work across the aisle. It’s the hope of finding a good representative for Utah,” Craig said.

He sees voting as a civic duty.

“I teach at school. I tell my fourth graders [to] promise me when they turn 18 they will vote. It is their right, and [their] responsibility. So [it’s] in a way give this example and make my voice heard.

Epoch Times Photo
Stanley Glazner (L) and his wife Valerie Glazner are both hoping for a change in political leadership at the federal, state and local levels. (Allan Stein/The Epoch Times)

Utah County voters Stanley Glazner, a constitutional conservative, and his wife Valerie Glazner, also a Republican, said they voted for Lee to serve another term in the U.S. Senate to represent Utah.

“Oh my God, not Edwards,” Valerie Glazner said. “She pushes to vote by telephone.”

Regarding the direct Republican vote, she expressed concern about the number of RINO politicians (Republicans in name only) in Congress. Although Utah election officials “made it look safe,” mail-in voting was a problem.

Stanley Glazner said he hoped positive change would come out of the midterm elections at the local, state and federal levels.

“[But] if you have corrupt politicians in power, they won’t do anything,” Glazner said.

No Democratic Party candidate was running in Utah County.

Allan Stein

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Allan Stein is an Epoch Times reporter who covers the state of Arizona.

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Salt lake city government

Spokane County hires longtime municipal engineer Kyle Twohig as director of public works

Spokane County has a new senior director of public works.

Kyle Twohig, director of engineering services at Spokane, will succeed Chad Coles. Coles retired last week after a 31-year career as a county engineer.

Twohig has over nine years of government experience in Spokane.

“I look forward to delivering results for the county,” Twohig said in a news release. “Chad Coles leaves a great legacy to live up to, but I’m grateful to have a team in place at Public Works who are committed to getting me up to speed and getting me started.”

Prior to working for the City of Spokane, Twohig was a construction developer for The Inland Group in Spokane Valley and a project coordinator for Parsons Evergreen in Salt Lake City. He holds a Masters in Business Administration from Gonzaga University.

Twohig joins Scott Simmons for a county job after serving as mayor of Spokane. Simmons served as Spokane’s Director of Public Works from 2016 to 2021.

During this time, Twohig and Simmons oversaw the construction of massive underground stormwater tanks to reduce overflows into the Spokane River as well as other major projects, including the construction of the University District Footbridge and utility projects in downtown Spokane.

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Salt lakes real estate

A falling housing market means the mortgage industry faces massive layoffs

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While many employees in the crypto industry dread that invitation from the 4 p.m. calendar on a Friday, the same can probably be said for people working in the mortgage industry. A cooling housing market has everyone from traditional mortgage lenders to hot startups shedding staff faster than you can tell “market conditions.”

  • Last week, JPMorgan laid off 1,000 employees from its home loan division, according to Bloomberg.
  • Wells Fargo laid off hundreds of employees in April after its mortgage income fell 33% from the first quarter of 2021 to 2022, according to Insider.

How we got here: This month, the Fed raised interest rates by the largest amount since 1994, and Chairman Jerome Powell signaled that there was much more tightening on the horizon to help fight inflation. at its highest for 40 years. This benchmark interest rate, which adjusts borrowing costs between banks, also influences borrowing costs across the economy, including mortgages.

The 30-year fixed-rate mortgage is now just under 6%, compared to just under 3% at the same time last year, and that’s starting to seriously scare off buyers.

Boom and bust

Historically low interest rates during the pandemic have helped fuel an extremely competitive housing market, prompting mortgage lenders to recruit staff in order to meet the increased demand for housing finance.

  • From March 2021 to February 2022, the number of mortgage and non-mortgage brokers jumped 8%, according to the Bureau of Labor Statistics.
  • 1.8 million people worked in real estate last month, the highest number on record.

But like so many tech companies, these companies also realized they may have overhired during their pandemic growth spurt…

Better.com, the mortgage startup infamous for laying off people en masse on Zoom, has hired nearly 7,000 employees during the pandemic. But after three rounds of layoffs in the past six months, the company, which had around 10,000 employees in December, now has less than 5,000.

Joanna Yu, mortgage originator for US Bancorp, told Bloomberg: “In 2021, we basically had no life. …But from April, it was totally dead. It’s like vacation time.

Big picture: The housing market could see less of a crash and more of a return to typical conditions. Svenja Gudell, chief economist at Indeed and former chief economist at Zillow, told Bloomberg: “We are seeing this kind of normalization in many areas. … And I think housing is one of them. For example, more than 40% of door-to-door sellers in pandemic favorites such as Salt Lake City, Boise and Denver lowered their prices in May, according to Redfin.

However, these price cuts have not yet spread across the country. The median price of an existing home in the United States hit a record high of $407,600 last month.—MM

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Salt lake city

Salt Lake City Arts Council awards more than $225,000 in grants to local artists and organizations

Salt Lake City – The Salt Lake City Arts Council has awarded ten local artists and twelve Salt Lake City nonprofit arts organizations more than $225,000 as part of the $500,000 US Bailout Grant awarded to the Arts Council by the National Endowment for the Arts (NEA) to help the arts and culture sector recover from the global COVID-19 pandemic. 19. In May 2021, the Board of the Arts Council reviewed seventy grant applications and recommended funding to selected artists and organizations.

Artist Career Empowerment Grant
Ten local artists received $15,000 each to produce a large-scale art project in Salt Lake City. Projects range from an art exhibit about redefining Latinx art and artists, an opera about domestic violence portrayed by the many different people who experience violence in our community, an outdoor dance performance that explores local flora and fauna, and many more.

“This is the largest award the Salt Lake Arts Council has ever given to individual artists,” said Taylor Knuth, Deputy Director of the Salt Lake City Arts Council. “We hope the support will bring stability and empowerment to these artists in their careers.”

Racial Equity and Inclusion Grant for Arts Organizations
The Racial Equity and Inclusion Grant was awarded to twelve Salt Lake City nonprofit arts organizations that lead the region in programming that promotes and shares the stories of historically marginalized communities. The projects supported by this grant bring the voices of marginalized people to the fore.

The Salt Lake City Arts Council awards funds to organizations and individual artists each year through the city’s Arts Grants Program. This year alone, approximately 130 grants were awarded for a total of approximately $609,000. There will be a second round of grants this fall for the remaining $225,000 of AEN funding. Interested candidates are encouraged to Subscribe to our newsletter to stay up to date on current information regarding our City Arts Grant Program and all other programs.

For more information about the Salt Lake City Arts Council’s City Arts Grant Program, please contact Susan Campbell at [email protected] or visit https://saltlakearts.org/grants/.

The Salt Lake City Arts Council’s mission is to promote, showcase and support artists and arts organizations in order to facilitate the development of the arts and expand awareness, access and engagement.

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Utah economy

Mormon Women Use Relief Society to Help the Poor and Start a Business

Mormon crickets and grasshoppers nearly decimated the crop soon after the Latter-day Saint pioneers entered the Salt Lake Valley. After those difficult years, many Latter-day Saints began to store grain to avoid their previous trials, to practice the principles of self-reliance, and to feed the poor.

As part of grain storage efforts, the Saints built the Ephraim Relief Society Granary between 1872 and 1875. Initial efforts to store grain were unsuccessful, so in 1876 Brigham Young asked Emmeline B. Wells to direct the grain storage program.

Wells and the Relief Society quickly took over the program and began to organize the harvesting and storage of the grain. When the Relief Society of Nauvoo was formed, the minutes recorded: “Mov’d by Pres. Smith, that Mrs. Smith proceed to choose her counsellors, that they may be ordained to preside over this society, ministering to the poor – ministering to their needs, and tending to the various affairs of this institution.

Caring for the poor and needy was central to Relief Society. On June 9, 1842, Joseph Smith declared that Relief Society “is not only for the purpose of relieving the poor, but of saving souls.” This ministry to the poor and afflicted characterized the Relief Society and its efforts in Ephraim’s garner.

The granary operated from 1872 to 1914. The Relief Society used it to store grain, but they also used the second floor as a hall. He held community and cultural events there, making it a gathering place.

The building itself had a chute where workers slid grain to storage bins. Sometimes carrying infants on their backs, the pioneer women slid the grain down the chute to the basement. The grain stored there was used as food storage as well as for charitable purposes.

The Ephraim Relief Society would send branch representatives to Salt Lake City for annual meetings. There they coordinated their distribution and management of grain. The name of Sarah Peterson, president of the Relief Society of Ephraim, appeared on the records in the attic.

Florence Peterson Faux wrote, “When he was finally beaten, Sarah had harvested 60 bushels of wheat. This she shared with the colonists—it was their salvation, for by frugal and prudent management she provided bread for the little colony all winter long. They called it “Salvation Wheat” and when it was low, Sarah put some in a little bottle to show her husband when he got home from his mission.

Peterson kept the little wheat bottle all her life and when her husband was buried she placed the bottle with him in the casket.

Due to the lack of a monetary economy in Utah, the granary would collect in-kind donations instead of cash. The Relief Society again mobilized the attic to help the poor. The group collected donations and stored grain for local distribution to the poor and to support the needs of the church. The Ephraim Relief Society would work with tithing offices to help the poor.

In addition to cereal, the Ephraim Relief Society also sold handmade items, Sunday eggs, wool quilts, and dairy products.

As one of nine Relief Society granaries belonging to The Church of Jesus Christ of Latter-day Saints, this granary was important. It provided space for women in the public sphere to manage public affairs.

In a report on the success of the Sanpete County Relief Societies, edited by Wells, they noted: “The county has been very energetic in storing wheat, and much of it has been gleaned by women and children. … There are a number of female-owned buildings in the county, one or two of them quite large and spacious, and in some places there are shops and millineries wholly run by the Society of Relief.

In addition to the granary’s success, the Ephraim Relief Society used the building for other business purposes. “The History of the Relief Society in Ephraim” recorded that women acted as undertakers, midwives, nurses, and provided food and shelter to the poor. Women also helped construct buildings.

The Ephraim Relief Society eventually ceased operations. One of the last charitable endeavors the members became involved in was during World War I. The Relief Society collected grain to give to the needy and afflicted during this time. The grain program was the oldest and most successful program in Relief Society history.

While the building was owned in the name of the women of the Relief Society, they eventually sold it to Ephraim Milling and Elevator Co. in 1915. The granary remained operational for several years until economic hardship hit Ephraim. In 1969, the Ephraim Company newspaper published an article about how the attic would be destroyed, but that decision was reversed within two months.

The community came together to preserve the pioneer building and it was saved in 1990 when funds were secured to preserve the building.

Today, Ephraim’s barn is the only Relief Society barn open to the public.

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Salt lakes real estate

CAPROCK Group Inc. takes position in Extra Space Storage Inc. (NYSE:EXR)


CAPROCK Group Inc. purchased a new stake in shares of Extra Space Storage Inc. (NYSE:EXR – Get Rating) in Q1, according to its latest disclosure to the Securities and Exchange Commission. The fund bought 1,392 shares of the real estate investment trust, valued at around $286,000.

Several other large investors have also recently bought and sold shares of the company. NuWave Investment Management LLC bought a new position in shares of Extra Space Storage during Q1 worth approximately $117,000. CHURCHILL MANAGEMENT Corp increased its stake in Extra Space Storage by 0.5% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 56,304 shares of the real estate investment trust worth $11,576,000 after acquiring 258 additional shares during the period. Heartland Bank & Trust Co acquired a new stake in Extra Space Storage in Q1 worth $447,000. Veriti Management LLC acquired a new stake in Extra Space Storage in Q1 valued at $265,000. Finally, Strategy Asset Managers LLC increased its stake in Extra Space Storage by 36.8% in the 1st quarter. Strategy Asset Managers LLC now owns 5,374 shares of the real estate investment trust valued at $1,105,000 after acquiring an additional 1,446 shares during the period. 95.44% of the shares are held by hedge funds and other institutional investors.

EXR shares opened at $172.37 on Friday. The company’s 50-day moving average price is $180.64 and its 200-day moving average price is $195.49. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt ratio of 1.55. The stock has a market capitalization of $23.15 billion, a price/earnings ratio of 27.98, a PEG ratio of 2.65 and a beta of 0.46. Extra Space Storage Inc. has a 12-month low of $156.70 and a 12-month high of $228.84.

Extra Space Storage (NYSE:EXR – Get Rating) last released its quarterly earnings data on Tuesday, May 3. The real estate investment trust reported earnings per share (EPS) of $1.51 for the quarter, missing the consensus estimate of $1.86 per ($0.35). The company posted revenue of $379.81 million in the quarter, compared to $368.88 million expected by analysts. Extra Space Storage achieved a net margin of 50.76% and a return on equity of 23.42%. The company’s quarterly revenue increased 25.1% year over year. In the same quarter last year, the company posted earnings per share of $1.50. As a group, equity research analysts expect Extra Space Storage Inc. to post EPS of 8.25 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $1.50. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $6.00 and a yield of 3.48%. Extra Space Storage’s dividend payout ratio (DPR) is currently 97.40%.

Several brokerages have published reports on EXR. KeyCorp lowered its target price on Extra Space Storage shares from $224.00 to $200.00 and set an “overweight” rating on the stock in a Thursday, June 16 research note. StockNews.com reduced shares of Extra Space Storage from a “buy” rating to a “hold” rating in a Wednesday, June 15 research note. Morgan Stanley lowered its price target on shares of Extra Space Storage from $172.00 to $156.00 and set an “underweight” rating on the stock in a Wednesday May 25 research note. Evercore ISI set a target price of $198.00 on shares of Extra Space Storage in a Monday, June 20 research note. Finally, Truist Financial lowered its price target on Extra Space Storage shares from $225.00 to $200.00 and set a “buy” rating on the stock in a Wednesday, June 1 research report. One research analyst rated the stock with a sell rating, five gave the stock a hold rating, and six gave the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $201.00.

Separately, CEO Joseph D. Margolis sold 5,000 shares of the company in a transaction dated Friday, April 1. The shares were sold at an average price of $208.34, for a total value of $1,041,700.00. As a result of the sale, the CEO now directly owns 62,035 shares of the company, valued at approximately $12,924,371.90. The sale was disclosed in a legal filing with the SEC, accessible via this link. 1.52% of the shares are currently held by insiders.

About additional space storage (Get an assessment)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Institutional Ownership by Quarter for Additional Space Storage (NYSE: EXR)



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Salt lake city

Real Salt Lake held scoreless in deadlock against Columbus

SALT LAKE CITY – Real Salt Lake and the Columbus Crew played out a scoreless draw at Rio Tinto Stadium tonight in front of another sold-out crowd.

The draw was only the second in eight games at the Rio Tinto Stadium this year.

Three changes

Manager Pablo Mastroeni made three changes to last week’s roster which beat San Jose Earthquakes 2-0 as Aaron Herrera returned from red card suspension, Pablo Ruiz replaced Scott Caldwell and Rubio Rubin received his second start of the season following an injury to Bobby Wood. .

Real Salt Lake dominated the first part of the game. Rubio Rubin found space behind the Columbus baseline and fired his shot from the near post. Then, 15 minutes later, Justen Glad found space at the back post from a Herrera cross and narrowly missed through a side-netting shaking foot.

Zac MacMath made the first-half save when Columbus left-back Pedro Santos attempted a cross that had eyes for the top right corner of the net. MacMath leapt into the air and hit the ball with his fingertips pushing the ball out of the woodwork.

Marcelo Silva was reprimanded deep in stoppage time with a yellow card after battling for a header and slashing Columbus striker Miguel Berry with his elbow, albeit by accident.

In the main interval, Real Salt Lake controlled 53% of the possession while going 3 shots to the Crew’s 2, however, both of Columbus’ shots were on target while Real Salt Lake only managed 3 shots. only one shot on target for the first 45 minutes.

Second half stalemate

In an attempt to bring some energy into the game, Mastroeni opted to use Scott Caldwell and Jonathan Menéndez off the bench in the 66th minute who replaced Pablo Ruiz and Rubio Rubin, respectively.

Menéndez took the lead alongside Sergio Córdova while Jefferson Savarino and Justin Meram played on both wings.

Shortly after, Córdova found herself in a one-on-one position but couldn’t get the ball past Columbus goalie Eloy Room, who did a good job of getting his body big enough. to stop shooting.

Apart from Córdova’s opportunity, the second half was a stalemate.

In the 83rd minute, Justin Meram was replaced by Maikel Chang who struggled to find the rhythm and fluidity of the game in his 10 minutes of playing time.

It was only the second draw at the Rio Tinto Stadium in eight matches so far in 2022. The previous draw came against Toronto when it ended 2-2 on April 9.

next game

Real Salt Lake travel to Minnesota United next Sunday, June 3, with a scheduled kickoff at 6 p.m.

The match will be available to stream for free via the KSL Sports and KSL 5 TV apps or on KSL Sports dot com.

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Salt lake city government

Planned Parenthood of Utah files lawsuit, asking court to declare state abortion ban unconstitutional

The suit seeks a temporary restraining order against the state’s abortion ban, which went into effect Friday.

(Chris Samuels | The Salt Lake Tribune) People gather for a rally in defense of abortion rights after the Capitol, Friday, June 24, 2022. The Supreme Court on Friday overturned Roe v. Wade, overriding the federal abortion law.

The Planned Parenthood Association of Utah has filed a lawsuit to block Utah’s abortion trigger law, the organization announced on Saturday.

Utah’s trigger law, banning abortions in the state, went into effect Friday night after the U.S. Supreme Court announced its reversal of Roe v. Wade, the nearly 50-year-old ruling that protected a woman’s right to an abortion. The lawsuit asks the court to declare invalid the state abortion ban, alleging that it violates the rights granted to Utahns in the state constitution.

The lawsuit — filed for Planned Parenthood of Utah by attorneys from the Planned Parenthood Federation of America, the Salt Lake City law firm Zimmerman Booher and the American Civil Liberties Union of Utah — also asks that the court grant an order temporary restraining order prohibiting state employees from administering and enforcing the ban with respect to any abortions scheduled during the injunctions.

“In a terrible moment, Roe v. Wade was overturned, and the power of Utahns to control their own bodies, lives and personal medical decisions was threatened,” said Karrie Galloway, president and CEO of the Planned Parenthood Association of Utah, in a press release. Release. “Yesterday’s decision was devastating, but Planned Parenthood will never stop standing up for and defending the rights of our patients and providers. Not now, never.

Utah’s trigger law was passed by the state legislature in 2020 and prohibits abortion statewide except in these limited circumstances:

• If it “is necessary to avoid death” or if there is “a serious risk of substantial and irreversible damage to a major bodily function” of the pregnant woman.

• “Two physicians who practice maternal-fetal medicine agree that the fetus has a uniformly diagnosable and uniformly fatal abnormality” or “has a severe cerebral abnormality that is uniformly diagnosable”. According to the law, this does not include Down syndrome, spina bifida, cerebral palsy or any condition “that does not cause an individual to live in a mentally vegetative state”.

• The pregnancy was caused by rape or incest. Before performing an abortion, the doctor should verify that the rape or incest has been reported to law enforcement or the competent authorities.

The lawsuit alleges that the Trigger Law violates Utah’s constitution in seven ways: under the right to determine family composition and parenthood; the right to equal protection; the right to the uniform application of laws; the right to bodily integrity; conscience rights; the right to privacy; and the prohibition of involuntary servitude.

Planned Parenthood says that with no legal abortion in the state, about 2,800 Utahnnes will face a “government-mandated trilemma” each year: either stay pregnant “against their will” or stay pregnant until later. whether they can secure resources to obtain out-of-state abortion services, or attempt to “self-manage” an abortion outside of the medical system, according to court documents.

The lawsuit also explains that without legal redress, at least 55 Utahns will not be able to obtain abortion care in Utah this week. On Saturday, according to the lawsuit, Planned Parenthood canceled about a dozen appointments for patients who had scheduled abortions.

“The lawsuit explains that the Utah Constitution protects the rights of pregnant Utahns to determine when and if they have families, and to determine what happens to their own bodies and lives,” Planned Parenthood said in its statement. Press. “The lawsuit makes it clear that the rights promised under the Utah Constitution are broader than those under federal law and are unaffected by the recent U.S. Supreme Court decision.”

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Utah economy

Minnesota has the second lowest unemployment rate in the country. Is it good?

About a dozen states now have record unemployment rates — and Minnesota’s is nearly the lowest of them all.

At 2%, the state’s unemployment rate is the second-lowest in the nation, tied with Utah, and is about a percentage point lower than it has been for most of the two last decades. This is also well below that of the rest of the country — 3.6%.

Only Nebraska, a state about a third the size of Minnesota, comes in lower at 1.9%.

The state is also grappling with one of the tightest job markets ever, and Minnesota has recovered only about 80% of the jobs lost during the pandemic. So, is the low unemployment rate a good thing?

“It’s one of those classic economic questions where you have to say, ‘On the one hand, and on the other hand,'” said Louis Johnston, professor of economics at the College of St. Benedict and St. John’s. University in St. Joseph, Minnesota.

For workers, a historically low unemployment rate is a very good thing.

“That means if you’re out there looking for a job, your chances are probably as good as they’ll ever be right now,” Johnston said.

And because there’s a smaller pool of people looking for jobs, they’re likely to see larger pay increases as employers offer more incentives to attract them. Wages have increased over the past year, especially for the lowest paying jobs.

But for consumers and businesses, that’s not necessarily such a good thing, said Alan Benson, a professor of applied economics at the University of Minnesota.

“You don’t get to 2% unemployment without some other warning signs,” he said. “One of the big challenges is that when you get to this low unemployment rate, it can be very difficult for some employers to recruit people with the skills they need.”

In addition to having to pay higher wages, productivity can drop if companies cannot find candidates to fill these positions. And costs to consumers may increase.

“When you see rising costs and falling productivity, that’s really a recipe for inflation,” he said. “So the unemployment rate, inflation and growth really go hand in hand.”

Wages have risen an average of 3.4% in Minnesota and 5.5% in the United States over the past year. But given that inflation in the United States is at 8.6% right now, that “really isn’t an increase at all,” Benson said.

“What we’ve traditionally thought is that we’ll start to see that unemployment has gotten too low when wages start to rise excessively,” said Mark Wright, director of research at the Federal Reserve Bank of Minneapolis. “I have to point out that wages overall are not rising very quickly relative to the rate of inflation, although they are rising rapidly for some workers and not for others.”

He added that you wouldn’t necessarily want unemployment to drop to zero because there’s a natural turnover in the market, with some people quitting their jobs and taking a bit of time to find new ones.

“It’s healthy to some degree,” he said.

The Federal Reserve has a dual mandate to use its tools to achieve a balance between stable prices and “maximum employment”. Until a few years ago, many economists believed that the latter could be achieved with a US unemployment rate of between 4 and 5%. But as it fell to 3.5% in 2018 and 2019, and inflation remained low, some economists began to revise their expectations.

But those particular targets for the unemployment rate aren’t as meaningful at the state level, Wright said.

“It obviously varies from state to state,” he said. “And Minnesota has traditionally had a slightly lower unemployment rate than many other states.”

This is due to the state’s diverse economy and relatively high proportion of residents with a college education.

Over the next few months, the Fed will continue to raise interest rates to bring inflation down. As the economy slows, some people are likely to be laid off, which will cause the unemployment rate to rise.

“But we’re trying to avoid a situation where it increases a lot,” Wright said.

Just two years ago, Minnesota’s unemployment rate hit its highest level since it began being tracked in 1976. It reached an all-time high of 10.8% in May 2020 during the first painful month of the pandemic.

It has continued to decline since then.

At one point, it was shrinking but “for the wrong reasons,” said Steve Grove, commissioner for the Minnesota Department of Jobs and Economic Development. People were dropping out of the labor force, resulting in a smaller labor pool and lower unemployment rate.

But the more recent declines are due to people returning to the workforce, which is a good sign, he said.

Still, there are about 78,000 fewer workers in Minnesota’s labor force than before the pandemic. And employers are eager to hire, with vacancies at record highs, outpacing the number of unemployed by more than two to one.

DEED calculates that Minnesota now has the fifth tightest job market in the nation.

Growing the state’s workforce is a top priority for the agency, Grove said. One challenge: Minnesota’s overall population in this decade will grow at the slowest rate in state history.

It encourages companies to raise wages further to help attract more workers to the sidelines. He noted that the state’s black unemployment rate actually rose last month to 6.9%.

“You have a lot of labor available that is not being exploited,” he said. “If we can’t find a way to reduce these vacancies, we’re going to underperform as an economy because we don’t have the people to do the job.”

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Salt lake city government

GOP lawmaker says she trusts Utah women to control their ‘semen consumption’ as abortion trigger law goes into effect

Republican lawmakers and politicians in Utah on Friday celebrated the Supreme Court’s decision to overturn Roe v. Wade, a lawmaker saying she trusted Utah women “to control [their] sperm supply.

Rep. Karianne Lisonbee described a text message she said she received urging her to hold men accountable for unwanted pregnancies.

“I got a text today saying I should seek to control male ejaculations not female pregnancies…I trust women enough to control when they allow a man to ejaculate inside their ‘them and to control that sperm consumption,’ Clearfield said. The Republican told reporters during a press conference at the Utah Capitol on Friday.

Lisonbee also said she wanted to reassure Utahans that lawmakers want them to get justice after sexual assaults.

Rep. Angela Romero, who has championed legislation to support survivors of sexual assault in Beehive State, said she doesn’t think her colleague meant to be ‘harmful’ with her remarks on Friday, but a survivor may read it and think their elected officials don’t believe them when they say they were raped or sexually assaulted.

“We need to be sensitive to how we say things because what we say impacts not just the people we represent, but the entire state of Utah,” said Romero, D-Salt. Lake City.

There are people who are put in compromising situations where they cannot give consent, the rep said. So it’s important not to paint abortion and the people who access it with a broad brush, she said, and to make sure they get the resources and help they need.

“Sexual assaults in Utah are common, though often go unreported,” Sonya Martinez-Ortiz, executive director of the Rape Recovery Center of Utah, told the Salt Lake Tribune.

A 2016 study by Utah State University found that one in six women in Utah reported being raped, which is higher than the national average.

“We believe that consent and bodily autonomy are fundamental and essential rights to support and empower survivors of sexual assault,” Martinez-Ortiz said. “We will continue to advocate and educate for laws that do not cause continued harm to survivors.”

Lisonbee was one of several Republican lawmakers who voiced support for Friday’s conservative court ruling.

“I believe that as Americans we must protect the lives of not just unborn children, we must be respectful of all life, and I hope that is what the Supreme Court did today” , said Utah Senate President Stuart Adams, R-Layton.

Adams and other lawmakers were flanked by a phalanx of familiar faces in Utah’s pro-life community. The brigade of activists and politicians included Eagle Forum President Gayle Ruzicka and 3rd Congressional District candidate Chris Herrod.

They welcomed the Supreme Court’s decision, saying it was never appropriate to take that decision away from individual states.

“Fifty years ago, the Supreme Court created the ability to perform abortions in the state of Utah, despite the fact that it was against the law. Today the Supreme Court restored that power to the state,” Sen. Dan McCay, R-Riverton, told reporters.

(Rick Egan | The Salt Lake Tribune) Senator Dan McCay answers questions about Utah’s trigger law, SB174, which will ban elective abortion in Utah, during a press conference at the State Capitol, after the Supreme Court overturned Roe v. Wade, Friday, June 24, 2022.

In 2020, McCay led a so-called “trigger law” through the legislature. It banned most abortions in the state, with a few exceptions, but it wouldn’t take effect unless the Supreme Court ever reversed the Roe v. Wade. At the time, McCay’s bill was considered a mere political stunt, and even he thought there was very little chance of it happening.

“When this was passed, many asked if it was just a messaging bill,” McCay said. “We didn’t plan for this. We wanted to reaffirm where Utah was on the abortion issue as it was being questioned across the United States.

Utah’s law, SB174, went into effect Friday night after the Legislature’s general counsel concluded that the decision met the trigger law’s legal requirements for the state to ban abortion.

Friday’s decision is a seismic shift in public policy and raises more than a few questions about how the law will be implemented now that a medical procedure that was widely available in the state for half a century has become illegal. in one day.

(Rick Egan | The Salt Lake Tribune) Rep. Karianne Lisonbee, answers questions about Utah’s trigger law, SB174, during a press conference at the State Capitol, after the Supreme Court struck down Roe v. Wade, Friday, June 24, 2022.

Lisonbee said she doesn’t expect lawmakers to take any further action to prevent women from traveling to other states where abortion is still legal because Utah law punishes abortion providers, not pregnant women.

“I don’t think it’s contemplated that we try to control a woman’s ability to travel or have an abortion elsewhere,” Lisonbee said. “Certainly, if anyone wants to do that, it’s a free country and we wouldn’t be the type of authoritarian government that would prevent that.”

With the option of terminating a pregnancy mostly off the table in Utah, Lisonbee also said the state should do more to strengthen the social safety net in the state.

“I think we’ve done a lot in Utah to follow that path,” she said. “I think we need to empower people to make wise choices for themselves.”

Several Democrats in the Legislative Assembly were already making noise that they plan to introduce legislation in the 2023 session to loosen some of the restrictions currently in place. The President of the Senate, however, quickly threw water on this idea.

“We have a bill that the Legislative Assembly supported and that we have put in place. It will be the law,” Adams said. “My feeling is that we should give this bill a chance to be law and actually find out the pros and cons and how it works before we start cleaning it up.”

As one might imagine with a politically charged topic like reproductive rights, there has been backlash directed at Republican members of the Legislative Assembly, including outright threats.

McCay, who shared a voicemail he received with the Salt Lake Tribune, reported a caller who threatened his safety to law enforcement.

“Just to let you know if abortions aren’t safe, neither are you,” the caller says in the post.

On Friday, Justice Clarence Thomas argued that the Supreme Court should revisit other rulings on burning social issues, including the legalization of same-sex marriage. Utah’s constitutional ban on same-sex unions still exists and could be reinstated if the Supreme Court overturns its earlier ruling. Adams said he thinks it would be appropriate based on today’s decision.

“I strongly believe that states should have the right to make laws and that states should be where these issues are determined,” Adams said, adding that he doesn’t see Utah pressing the Supreme Court to reconsider. .

But would he support Utah joining other states in hopes the court would reconsider same-sex marriage?

“Yeah,” Adams said without hesitation.

Tribune reporters Becky Jacobs and Anastasia Hufham contributed to this report.

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Salt lakes real estate

Rezoning of Avenues ‘cottages’ gets green light despite strong neighborhood pressure

Facing strong opposition from hundreds of neighbors, Salt Lake City planners approved a rezoning of 3.2 acres of open space in the avenues to make way for new housing.

Ivory Homes, Utah’s largest homebuilder, sought to convert the land at approximately 675 North F Street from a long-standing foothills residential area, requiring minimum quarter-acre lots, into a special development zone, allowing lot sizes of less than half that duration and essentially doubling the number of houses Ivoire is allowed to build.

The change in density would allow Murray-based Ivory to adopt plans for what it calls Capitol Park Cottages, with 19 single-family homes, including five that would be custom-built. At least 14 of the homes would have built-in secondary suites, or ADUs, for a total of 38 new units on what is now green space at the north end of F Street on 13th Avenue.

(Francisco Kjolseth | The Salt Lake Tribune) Ivory Homes, Utah’s largest homebuilder, won a rezoning on Wednesday of a 3.2-acre lot at 675 North F Street in the Avenues of Salt Lake City, where he wants to build 19 high-end homes, 14 of them with accessory living units, or ADUs, inside and five built as luxury custom homes. Hundreds of neighbors opposed the project.

Ivory described the project as, among other things, an experimental demonstration of using denser construction with pre-built ADUs as a way to add more housing per acre for a city with a significant affordable housing shortage. .

The homebuilder won approval for the rezoning on Wednesday night, after more than two years of debate and four iterations of the hotly contested proposal. The 9-1 vote followed several hours of public testimony largely against the idea.

The change still requires a final vote by the Salt Lake City Council.

Peter Gamvroulas, project manager for Ivory, said the existing zoning of the property’s foothills – first adopted as part of a master plan in 1987 – was outdated and explicitly limited construction to larger and more more exclusive properties inaccessible to most potential residents.

“Not the best result for such a rare property in the city,” Gamvroulas said of the land, which Ivory purchased from The Church of Jesus Christ of Latter-day Saints.

And while the avenues master plan has not changed, the city’s planning and housing goals have, he said, “and they recognize that density is not something to be feared, and when it can be increased minimally and rationally, that’s a good thing.”

From “very low density” to “low density”

According to city documents, the zoning change would effectively change the site from “very low density” to “low density.” With approximately 10 units per acre, the property would be more densely built than surrounding blocks in upper avenues, but at or below densities per acre on many blocks in the neighborhood south of Seventh Avenue, judging by the city ​​maps.

Yet few of the housing projects of recent years have elicited this one’s organized opposition.

Neighbors worry about extra traffic and street safety, parking issues, loss of green space, air pollution, wildfire danger, compressed house setbacks surroundings and the idea that the project would be incompatible with the dominant character of the avenues, one of the oldest in the city. and the more affluent neighborhoods.

(Image courtesy of Ivory Homes, via Salt Lake City) An early open space design for Capitol Park Cottages, a new housing development proposed by Ivory Homes at approximately 675 North F Street in the Avenues neighborhood of Salt Lake City.

Nearly 60 residents testified on the proposal Wednesday, with only a handful in favor. Two organized community groups have also weighed in against Ivoire’s plans.

“We understand the city’s housing shortage and are prepared to accept a reasonable increase in density on this lot,” said Peter Wright of the Preserve Our Avenues Zoning Coalition, which emerged to fight rezoning.

“However, what Ivory has proposed is not reasonable,” Wright said. “It’s not even close to reasonable.

“These are big, tall, two-story homes with four or five bedrooms and three-car garages,” he complained, saying the dwellings would be “not typical” of mostly older single-story homes. and smaller ones in the neighborhood built less than half the size of what Ivory describes as “cottages.”

“Unaffordable housing”

Wright and others pointed to two community-wide polls organized by the Greater Avenues Community Council and a signature drive that drew thousands of participants, all with overwhelmingly unfavorable results for the project. Several others noted that house prices will likely exceed $1 million each and that ADUs will be rented at market rates.

“It’s not affordable housing,” said nearby resident Sara DeLong. “It looks like a for-profit corporation profiting at the expense of local residents, the safety of our children and potentially our home’s property values ​​due to increased traffic congestion.”

Gamvroulas countered that the Capitol Park Cottages project, which is still undergoing the city’s design approval process, was intended to expand housing options in an elite area of ​​the city “with good access to jobs, schools, parks and services, and generally a good location for additional families.

Avenues resident and Salt Lake City School Board member Katherine Kennedy reiterated student safety concerns at the prospect of adding cars to the steep streets of Avenues, which often lack sidewalks. Another resident, Gary Crittenden, warned of worsening wildfire dangers, pointing to a blaze that threatened the city’s Marmalade neighborhood a year ago.

“The high density of Plan d’Ivoire would both impede firefighting and put lives and property at risk,” said Crittenden, among others, who feared the increased density of homes could one day impede firefighting. emergency evacuation.

Opinion of the planning commission

Andres Paredes, the only commission member to vote against the rezoning recommendation, said he agreed with the comments about the uniqueness of the avenues and that “perhaps the density is in the wrong place”. .

“I think it negatively affects the neighborhood,” Paredes said, “so I’m still trying to figure out what’s on offer.”

Commission member Andra Ghent, who is also a professor of finance at the University of Utah and holder of the Ivory-Boyer Chair in Real Estate at the U. — a position staffed in part through philanthropic donations from Ivory — did not attend Wednesday’s meeting.

After public testimony, Commissioner Brenda Scheer said many of the comments against the project “seem a little over the top” for what amounts to adding 11 more housing units than what could be built under current zoning.

“I don’t think it’s fair to say it’s a disaster, it destroys character, it’s very high risk, it endangers children, it makes pollution worse. Salt Lake Valley air or it turns a diamond into a lump of coal,” Scheer said. “The families will be very happy to have the opportunity to live in a new house in the Avenues.”

But Scheer supported other concerns raised by residents about putting denser development in a neighborhood that is not particularly walkable and lacks access to public transport, as well as concerns regarding the loss of wildlife habitat and the mechanics of building new houses on sloping ground.

Commissioner Adrienne Bell, a resident of Avenues, said she does not believe the number of housing units proposed under the special development zoning is “outrageous, nor will it create the impacts we have heard about tonight”.

“I’m a big proponent of infill,” Bell said, “and that every neighborhood in the city should find opportunities to create density and alternative housing products.”

Commissioner Aimee Burrows commended residents for their involvement, calling the opposition well-organized, thoughtful and precise. “It’s a good neighborhood,” Burrows said. “No matter how many families settle on this land, they will be lucky to have you as neighbors.

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Salt lake city

Your Guide to Summer Festivals and City Celebrations in Utah • Salt Lake Magazine

Warm weather and long days mean it’s time for summer festivals, art fairs and Utah markets. We’ve listed everything from family outings to creative nights out to weekend getaways you won’t want to miss. Mark your calendars for these upcoming city celebrations and unique festivals:

Park Silly Sunday MarketPark City: From Sunday to September 25

Support local growers and vendors at this Sunday Farmer’s Market and Street Festival along Park City’s Main Street.

Open streetsSLC: Every Friday, Saturday and Sunday this summer

On weekend evenings, Main Street will be closed to cars and open to pedestrians to enjoy restaurants, bars, retailers and artists.

Downtown Farmer’s MarketSLC: From Saturday to October 22

Shop for fresh produce while giving local love to Utah farmers and businesses at the Salt Lake Farmers Market.

Fort Herriman Towne Days: until June 25

Herriman’s Butterfield Park transforms into a family carnival with rides, food trucks, a children’s market, ax throwing and more.

Taylorsville Dayzz: June 23-25

This community celebration features 3 concerts – including an incredibly named ABBA cover band Abbacadabra – 26 rides, 30 food stalls, 40 exhibit booths and, apparently, two Z’s.

Latin Arts FestivalPark City: until June 26

Celebrate Latin American traditions through fine arts, film, crafts, food, music and dance.

The Utah Arts Festival, SLC: June 23-26

Enjoy four days of performing arts, an artists’ market, children’s art park, and face painting at Library Square in downtown SLC.

Friday Night Gallery Walk, City of the park: June 24

Experience a night of art and music as you stroll through the art galleries of Park City Main Street.

Riverton Town Days: June 24-25, June 30-July 4

Start the first weekend with a good old-fashioned rodeo. On Independence Day weekend, the carnival includes a parade, stage entertainment, outdoor movies, sports tournaments, and fireworks.

Festival of buskersSLC: June 24-25

Celebrate the tradition of busking and street theater at the Salt Lake City Busker Fest in downtown Salt Lake.

Savor the topPark City: June 25

Live “Park City’s largest outdoor diner” on the main street of Park City. The Park City Area Restaurant Association invites the city’s best restaurants to show off their culinary skills at this outdoor gathering.

Stampede of the West, Western Jordan: July 1-4

Saddle up for the West Jordan Western Stampede. The main event is a three-night rodeo, complete with rides, games, food, and vendors.

Drapery days: July 5-16

Show off your batting skills in the home run derby and softball tournament, gear up your tricycles and scooters in the kids’ bike parade, and watch the fireworks shoot out over Draper Park.

Days of ’47SLC: July 23

The quintessential Pioneer Day celebration, the 1947 Days Parade is a long-standing tradition with floats decorated by local stakes of The Church of Jesus Christ of Latter-day Saints.

Butlerville DaysCottonwood Heights: July 28-30

The Cottonwood Heights town celebration includes a parade, pickleball, chalk art contest, car show and live music.

Wild West DaysBluffdale: July 29-30, August 8-13

Bluffdale’s Old West Days certainly earns points for creativity with activities like a lip-sync challenge, an ATV rodeo, and a “monster truck madness tour,” whatever that means.

Orchard daysSantaquin: July 30

Celebrate in Santaquin with a kids rodeo, train rides, petting zoo, movies in the park, car show, parade, live music, esports tournament, art at the chalk and much more.

Harvest daysMiddle valley: August 1 to 6

Enjoy the Harvest Day festival with a parade, live music, fireworks, block parties and food.

Bear Lake Raspberry Days Festival: August 3-6

As if you needed another excuse to have a long weekend by the lake. Experience Raspberry Days in Garden City with a golf tournament, pie contest, concerts, rodeo, 5K race, boat parade, craft fair and fireworks.

Swiss daysHalf-way : September 3-4

Celebrate Midway’s Swiss settler heritage with the town’s 73rd annual Swiss Day, featuring a unique local market and plenty of Swiss snacks and treats.

Fishing daystown of Brigham: September 9-10

Experience Peach Days in Brigham City with a Peach Queen Contest, Library Book Sale, Parade, Softball Tournament, Lip Sync Battle, Live Music, Carnival, Show motorcycles and art and food stalls.

Avenues FairSLC: Sep 10

Say goodbye to summer with Avenues Street Fair, a celebration of SLC’s iconic neighborhood held on a different Avenues street each year.

Melon DaysGreen River: September 16-17

Enjoy the celebration of the melon harvest in Green River, featuring a parade, car show, softball tournament, pancake breakfast, melon carving contest and live music.


While you’re here, subscribe and receive six issues of salt lake magazine, your guide to the best of living in Utah.

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Utah economy

David Zook to announce county housing task force findings – Cache Valley Daily

Logan City has given the green light to a huge apartment complex next to Nibley City Parks, which has left residents upset.

LOGAN — Cache County Executive David Zook will present the findings of his housing crisis task force at noon Thursday, June 23.

Zook’s presentation is scheduled for the Cache Summit at the Riverwoods Conference Center.

“Cache County is a special community,” said Cache County Councilman Gordon Zilles, who served on the task force with stakeholders representing a wide range of housing market perspectives.

Planning for growth is an important investment in the futureZilles added.

Zook formed the Housing Task Force in March to address serious barriers to affordable housing in Cache County.

“Housing availability and affordability impacts many aspects of our economy and our community,” says Zook. “One of our goals is to ensure that our children and grandchildren can stay here to support this economy and this community.”

At the task force’s kick-off meeting on April 20, its members were tasked with developing a report with recommendations to improve the current housing crisis. They were also tasked with identifying aspects of the housing crisis that local governments and home building professionals could directly influence.

The working group met on June 21 to deliver its recommendations to Zook.

“I look forward to sharing their findings and then working to implement them,” says Zook. “We will need community support to implement these recommendations.”

Over the past decade, Cache County has added about 20,500 residents, an increase of 18.5%, according to the 2020 census.

Of these new residents, approximately 17,500 or 86% were natural growths – the children of current residents. By 2060, the Kem C. Gardner Policy Institute at the University of Utah predicts that 85% of Cache County’s growth will be internal.

Cache County has one of the lowest unemployment rates in the country, a factor that is exacerbating demand for housing.

The Milken Institute recently ranked the Logan, Utah-Idaho area as one of the top performing small towns in the nation. But they also ranked it 178th for housing affordability.

Given these factors, Zook says community leaders realize that economic planning and population growth need to align better in the future.

“The Housing Task Force has made recommendations that will help us address these complex issues affecting housing in our county,” Zook promises.

The Riverwoods Conference Center is located at 615 Riverwoods Parkway in Logan.





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Salt lake city government

> US Department of Defense > Contract

MARINE

Northrop Grumman Systems Corp., San Diego, CA is awarded a $248,225,000 amendment (P00027) to a previously awarded Fixed Price Incentive Contract (Target Company) (N0001919C0008). This modification adds the ability to acquire two additional low-rate initial production MQ-4C Triton unmanned aircraft systems for the Navy. Work will be performed in San Diego, California (24.8%); Palmdale, CA (14.8%); Red Oak, Texas (11.6%); Baltimore, Maryland (9.7%); Moss Point, Mississippi (8.1%); Salt Lake City, Utah (6.6%); Bridgeport, West Virginia (5.7%); Indianapolis, Indiana (4.6%); Newton, North Dakota (1.6%); San Clemente, CA (1.5%); various locations in the continental United States (9.8%); and various locations outside of the continental United States (1.2%), and is expected to be completed in February 2027. Aircraft procurement funds for fiscal year 2022 (Navy) in the amount of $248 $225,000 will be committed upon grant, none of which will expire at the end of the current fiscal year. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

Austal USA, Mobile, Alabama is awarded a cost of $45,237,115 plus fixed costs, a firm fixed price and a cost amendment only to previously awarded contract N00024-17-C-2301 to exercise an option for vessels Combat Littorals (LCS) Class design support and Integrated Product and Data Model Environment (IDPME) support. Work will be performed in Mobile, Alabama (60%); and Pittsfield, Massachusetts (40%), and is expected to be completed by June 2023. Fiscal 2018 Shipbuilding and Conversion (Navy) (38%); and FY2022 Shipbuilding and Conversion (Marine) (62%) in the amount of $2,752,742 will be incurred at the time of grant and will not expire at the end of the current fiscal year . Naval Sea Systems Command, Washington, DC, is the contracting activity.

Lockheed Martin Corp., Rotary and Mission Systems, Owego, New York, is awarded a Firm Fixed Price of $37,836,503, Cost Amendment (P00041) for a previously awarded contract (N0001919C0013). This amendment augments the contract, based on the configuration item list, which provides modifications for the final configuration requirements unique to the country for 24 MH-60R aircraft for the Government of India. In addition, this modification provides production spare parts, flight test assets and a recapture of goods and services tax. The work will be performed in Owego, New York (52%); Stratford, Connecticut (40%); and Troy, Alabama (8%), and is expected to be completed in June 2025. Foreign Military Sales customer funds in the amount of $37,836,503 will be committed at time of award, none of which will expire at the end of the current fiscal year. Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

Cardno GS Inc., Charlottesville, Va., is awarded a $25,000,000 Fixed Price Architect-Engineer Contract, Indefinite Delivery/Indefinite Quantity, for Multidisciplinary Architect-Engineer Services for Use Areas Compatible with air installations and air installations compatible with the beach Use area studies and other services to manage encroachment or maintain readiness and compatibility. The work to be performed includes architectural and engineering services of an interdisciplinary nature necessary for the preparation of encroachment management, maintenance of readiness and compatibility related planning documents, as well as related engineering support studies and awareness training materials for Department of the Navy installations throughout the United States and overseas. The maximum dollar value, including the base period and the four option years, is $25,000,000. Work will be performed primarily in the continental United States, and potentially worldwide, and is expected to be completed by June 2027. FY2022 Operations and Maintenance (Navy) funds in the amount of $10 $000 will be committed at the time of award. This contract was awarded through a competitive process through the sam.gov website, with two bids received. The Naval Facilities Engineering Systems Command Atlantic, Norfolk, Va., is the subcontracted activity (N62470-22-D-0006).

UPDATE: Granite-Healy Tibbitts JV, Watsonville, CA is issued a credit modification in the amount of -$12,789,963 due to a reduction in scope of work for task order N6247319F4540 for construction of maintenance dredge piers 1, 3, and Paleta Creek at Naval Base San Diego, Calif., awarded April 25, 2019.

ARMY

AECOM Technical Services Inc., Los Angeles, CA (W91236-22-D-2007); Prime AE Group Inc., Baltimore, Maryland (W91236-22-D-2003); Woolpert-RS&H LLC, Beavercreek, Ohio (W91236-22-D-2004); Clark Nexsen-CH2M Hill Norfolk, Englewood, Colorado (W91236-22-D-2008); Burns & McDonnell Engineering Company Inc., Kansas City, Missouri (W91236-22-D-2006); and Benham Stanley, Oklahoma City, Oklahoma (W91236-22-D-2005), will compete for each order of the firm price contract of $240,000,000 for architectural and engineering services. Bids were solicited via the Internet and 30 were received. Work locations and funding will be determined with each order, with an estimated completion date of June 21, 2027. US Army Corps of Engineers, Norfolk, Virginia is the contract activity.

BAE Systems Ordnance Systems Inc., Kingsport, Tennessee, has been awarded an amendment for $18,758,641 (P00778) for contract DAAA09-98-E-0006 for the construction of an extension to the acid processing facility acetic acid and anhydride at Holston Army Ammunition Plant. Work will be performed in Kingsport, Tennessee, with an estimated completion date of April 30, 2025. Ammunition procurement for fiscal year 2021, Army funds in the amount of $18,758,641 were committed at the time of attribution. The US Army Contracts Command, Rock Island, Illinois is the contracting activity.

DEFENSE LOGISTICS AGENCY

Perkins Technical Services Inc.,** Huntsville, Alabama, has been awarded a firm fixed price contract for a maximum of $90,112,225 for power supplies. This was a sole-source acquisition using 10 US Code 2304(c)(1) justification, as set forth in Federal Acquisition Regulation 6.302-1. This is a basic three-year contract with two one-year option periods. The performance completion date is June 21, 2025. Military service usage is the military. The assignment type is Defense Working Capital Funds for fiscal year 2022 through 2025. The contracted activity is Defense Logistics Agency Land and Maritime, Columbus, Ohio (SPE7LX-22-D-0107).

Silver Oak Leaf Inc., *** Alpharetta, Georgia, has been awarded a maximum amendment of $10,716,250 (P00020) exercising the third one-year option period of an 18-month base contract (SPE1C1-19 -D-1135) with three one-year option periods for work uniform smocks and pants. This is a fixed price, indefinite delivery/quantity contract. Location of representation is Puerto Rico, with a command period end date of June 22, 2023. Military service usage is the Navy. The assignment type is Defense Working Capital Funds for fiscal year 2022 through 2023. The subcontracted activity is Defense Logistics Agency Troop Support, Philadelphia, PA.

UPDATE: Atlantic Diving Supply Inc., doing business as ADS, Virginia Beach, Va. (SPE2DE-22-D-0029, $12,000,000), added as multi-award contract beneficiary for Dental Equipment, Accessories and Consumables for Defense Logistics Agency e-Catalog, issued under Solicitation SPE2DE-20-R0007 and awarded June 10, 2021.

AVIATION

Sierra Nevada Corp., Sparks, Nevada, has been awarded a firm price contract of $20,200,000 for the Upper Stage Advanced Engine Maturation (VR35K-A). This contract provides research and development and test facilities for the maturation of the VR35K-A flight system and its components. Work will be performed in Baraboo, Wisconsin and is expected to be completed on September 23, 2024. Research, development, test and evaluation funds for fiscal year 2021 in the amount of $19,200,000 are committed at the time of allocation. Air Force Test Center, Edwards Air Force Base, Calif., is the contractor activity (FA9300-22-C-6022).

Vector CSP LLC, Elizabeth City, NC, has received an amendment for $17,196,172 (P00011) for contract FA4890-20-F-0048 to exercise option year 2 for the provision of consulting services and garrison assistance to fighter squadron personnel. The work will be performed at various Air Force and Joint Base sites in the United States and is expected to be completed June 25, 2025. The total cumulative face value of the contract is $56,470,432. FY2022 O&M funds in the amount of $3,452,834 are committed at time of grant. Acquisition Management and Integration Center, Joint Base Langley-Eustis, Virginia, is the outsourcing activity. (Awarded June 1, 2022)

*Small business
**Woman-Owned Small Business
*** Disabled Veteran Owned Small Business

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Salt lakes real estate

RangeWater launches construction company with 50-acre site to develop Build-to-Rent and multi-family product

RangeWater is building The Mabry and The Margot in Gwinnett County, Georgia.

“This community combines our conventional rental and multi-family building concepts into one development, showcasing our RangeWater design and vision for our home state,” said Steven Shores, President and CEO of RangeWater.

Minutes from Coolray Field in Gwinnett County, RangeWater Real Estate will deploy RangeWater Construction to build a beautifully designed community of townhomes, detached single family homes and rental apartments.

The multi-family developer has purchased 50 acres in one of Metro Atlanta’s hottest corridors, minutes from The Exchange @ Gwinnett, a mixed-use development anchored by Top Golf and Andretti Indoor Karting & Games, and a few Minutes drive to Coolray Minor League Baseball. Field, home of the Gwinnett Stripers.

“This is our second build-to-let neighborhood in Gwinnett County and our fourth multi-family project, so it’s fair to say that RangeWater is optimistic about this submarket,” said Brian Oates, director Executive General of Development at RangeWater. “Our team hasn’t delivered such a large residential offering since The Battery Atlanta, where we partnered to build over 800 units in the immediate vicinity of Truist Park. Plans for Gwinnett show a similar energy. Our ability to launch RangeWater Construction in tandem with the grand opening of The Margot makes this project even more exciting.

The company hired Alp Kirmizioglu as construction manager to oversee projects like The Mabry and The Margot. “With 11,000 units under active development in eight states, we knew the creation of an in-house construction division was necessary to support our long-term growth ambitions,” Kirmizioglu said. “This opportunity to build this project in our own backyard from the start is ideal.”

The Mabry will be part of the Storia division of RangeWater, the build-to-let (BTR) home portfolio launched in 2020. Storia is deploying $800 million of capital in the Sunbelt to build homes to rent, with active developments on along the Atlanta BeltLine; in San Antonio, Texas; and in North Boulder, Colorado. RangeWater has also developed the Beacon BTR community in Flowery Branch. In just two years, built-to-let neighborhoods now make up 15% of RangeWater’s overall management portfolio, with conventional multifamily making up the rest.

The Mabry, with 156 units, will offer a range of BTR options for people looking to rent a detached single family home or a townhouse. Floor plans will range from three to four bedrooms with two to three and a half bathrooms. Each floor plan will have its own courtyard or patio. The Mabry will have separate amenities, including a swimming pool, event lawn, dog park and walking path around a scenic pond.

Meanwhile, the Margot apartment community, with 332 units, will have a terraced English garden and native plant meadow with incredible views over an infinity pool, outdoor kitchen, event space and two dog parks.

The Margot is built with the work-from-home era in mind. The clubhouse will have work pods and study cabins. The Margot will also include an on-site cafe open not only to all residents, but also to the public and the surrounding community. The cafe will be the perfect place for residents working from home and busy commuters who need a quick coffee before work.

“This community combines our conventional rental and multi-family building concepts into one development, showcasing our RangeWater design and vision for our home state,” said Steven Shores, President and CEO of RangeWater. “I’m proud of our team for seeing the energy and potential in this area, as well as choosing The Mabry as an ideal project to dig our shovels in to launch RangeWater Construction.”

Privately held RangeWater was founded in 2006. The company acquires, develops, manages and invests in multi-family communities across the Southeast and Southwest United States, with a $6.3 billion portfolio.

RangeWater is expected to begin construction in July 2022, with plans to deliver the first units in September 2023.

About RangeWater Real Estate

RangeWater is a fully integrated, multi-family real estate company creating meaningful experiences for its partners, customers, residents and employees across the Sun Belt. The Atlanta-based company has acquired and developed more than 20,888 multi-family units since its inception in 2006, representing more than $6.3 billion in total capitalization. RangeWater currently manages a balanced portfolio of over 86,215 multifamily units in 11 states. With offices in Atlanta, Dallas, Denver, Tampa and Salt Lake City, RangeWater targets high job growth markets with demand for new housing. For more information, visit LiveRangeWater.com.

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Salt lake city

Utah leads the way to an “electric highway”

SALT LAKE CITY — With gas prices at an all-time high, more and more people are turning to electric cars. But the question of charging and the lack of charging stations is what worries drivers.

But with Utah leading on what is being dubbed an electric highway through the intermountain west, those hopes and fears could be addressed.

“In an internal combustion gasoline car, you know the next gas station won’t be too far away. With electric vehicle charging stations, they’re not as widespread and available,” said Flint Timmins of the office of Utah. Tourism.

The lack of stations has made long journeys in electric vehicles a dream for those who own the cars.

“It’s, unfortunately, really, it’s a real concern for people because there’s a good chance you might not be able to get to the next charging station,” Timmins said.

Charging anxiety is a reality here in Utah, but the new ChargeWest Electric Highway program launched Tuesday in Salt Lake City aims to change that.

“It’s important for Salt Lake City because we’re investing in electric vehicle infrastructure,” said Mayor Erin Mendenhall.

The mayor is one of the many to have given their support to the project.

“It’s exciting for me, mainly because I got into politics to improve our air quality and make sure our future is cleaner than when I started,” Mendenhall explained.

The goal is to install infrastructure in every western state, creating the largest corridor of charging stations in the country between Utah, Arizona, Colorado, Idaho, Montana, Nevada, New Mexico and Wyoming.

“When you travel from Salt Lake City to Moab or Boulder or Zion, that you know when you get there, you can reload that vehicle, keep playing, and then go home,” Mendenhall said.

The ability for everyone to venture into the region is important for tourism.

“Tourism is really about marketing our destination and our state to potential visitors,” Timmins said. “Visitors are looking more for responsible travel, and I think this is a very good representation of that desire to be a responsible traveler.”

The Utah Office of Tourism believes the electric highway will create even more travel opportunities.

“Where can we say, not only do we have these majestic landscapes and cultural heritage and unique opportunities available here, but you can also do it in an electric vehicle,” Timmins added.

The goal will not be to place charging stations in major cities or destinations like national parks, but in smaller communities and small destinations across the state.

“Tourists coming to Utah, whether they’re coming from Vegas or arriving through the Salt Lake City airport, can get an electric vehicle with this option and still contribute to our economy, but without having the environmental impact they owe today,” Mendenhall said.

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Utah economy

Why is there a shortage of lifeguards? Staff to blame for pool closures

As labor shortages continue to plague virtually every sector of the U.S. economy, your local pool might be the last to feel the pain.

That’s because swimming pools and recreation centers across the country are facing a severe shortage of lifeguards and swim instructors – the worst shortage in at least a decade, by some accounts. Nationally, nearly 8 in 10 park departments do not have enough staff, according to the National Recreation and Park Association.

Things are no different in Utah, where pools are barely keeping operations afloat, and some have had to cut hours dramatically or even delay their seasonal openings due to a lack of staff.

Why is there a shortage of lifeguards?

In many ways, the shortage of lifeguards is no different from labor shortages in restaurants and grocery stores, and they are apparently caused by the same set of factors. After work disruptions during the COVID-19 pandemic, young workers are increasingly looking for better paying, more flexible and less stressful jobs.

For David Gray, who heads up human resources at the Lagoon theme park, lifeguards are just a small part of the seasonal talent he constantly seeks to recruit.

“This year it has been even more difficult to attract lifeguard candidates, more so than we have seen in the past,” he said. “But, we are struggling in all of our seasonal positions. … I wouldn’t say it’s a much bigger fight than any of our others, for food, games and merchandise, those have been a fight as well.

“There have been a lot of articles about the shortage of lifeguards, and I find that interesting, because for me there is no shortage of lifeguards. There is a labor shortage for summer jobs,” he continued.

A lifeguard from Kearns Oquirrh Park Fitness Center watches swimmers at Kearns Pool on Friday, June 10, 2022.

Mengshin Lin, Deseret News

Although lifeguards are required to undergo training in order to work, Gray points out that it is not a job like that of a nurse or a doctor, which requires years of specialized education and training. Most pools offer on-the-job training for prospective guards, which — in the past — has made them an ideal alternative to fast-food work for many teenagers and college students, Gray said.

Among other trends, Gray said he’s noticed that an increase in summer programs — camps, music, school, athletics — has reduced the number of students wanting summer jobs and limited the availability of many job seekers. ‘use.

It’s increasingly common to interview potential recruits who can only work one or two days a week, making it harder to fill every shift in the schedule.

Why the Lifeguard Shortage Matters

Even with shortages across the board, Gray notes that lifeguards present a problem that cannot easily be solved with creative planning or organization. Running out of a few lifeguards doesn’t mean longer lines at the ticket office or at the concession stand, it would put customers at risk.

“We have an obligation that we take extremely seriously,” Gray said. “If we have guests in our pools or on our slides, there must be a lifeguard present. If we didn’t have a lifeguard to operate the slide or watch the water to keep our guests safe, we wouldn’t be operating these areas.

How the Shortage Affects Utah Pools

Lagoon hasn’t had to cut back yet, though other pools haven’t been so lucky. The Liberty Park pool in Salt Lake City typically opens on Memorial Day weekend, but due to staffing shortages, Salt Lake County Parks and Recreation — which operates Liberty Park — had to push the opening day back to at least a few weeks in several pools.

The Liberty Park pool will open June 18 but is expected to operate only for limited hours on Saturdays, Sundays and holidays — June 19, Independence Day and Labor Day — for the rest of the summer.

The Redwood Pool in West Valley City is not expected to open until July 1 unless things change to allow it to open earlier.

County spokeswoman Liz Sollis said she’s heard customers frustrated with the closures and understands the downsides of limited availability — especially as Utah is blanketed in heatwaves — but said that safety is always their primary concern.

Given the high temperatures, outdoor pools like the one at Liberty Park need to have enough lifeguards to rotate them inside so no one is exposed to the summer heat for the duration of their shift. Without adequate staff, pool staff are forced to shorten opening hours – as they are doing on June 16, when the pool will only open from 11 a.m. to 3 p.m.

Sollis said she knows some have complained that while hotels or other pools sometimes operate without lifeguards, county-operated pools should too. But, she points out that sunlight and shade make it harder to see through the water in outdoor pools, requiring more skilled spotters than needed in small, little-used spaces.

“I think a lot of times when people think of lifeguards they think they’re there for the kids, but a lifeguard is there for everyone,” Sollis said. “We’ve had adults who have had issues when they were swimming, and that required a life-saving response.”

merlin_2927622.jpg

Lifeguard Mark Black watches swimmers in the pool at Kearns Oquirrh Park Fitness Center in Kearns on Friday, June 10, 2022.

Mengshin Lin, Deseret News

According to City of Sandy spokeswoman Evelyn Everton, the pool at the Alta Canyon Sports Center is experiencing a shortage of about 50 percent from previous years. The pool didn’t have to cut hours, but it did cut amenities like swimming lessons due to a similar shortage of swim instructors.

Everton told the Deseret News in an email that the shortage was the worst they had seen in at least 12 years. She cited similar concerns to what Gray mentioned, saying many employees have limited availability and only a few hours they are free to work each week.

And after?

Like many other companies, pools have tried a variety of incentives to get more people to work, starting with a pay rise.

Lagoon has offered bonuses to employees who stay through the summer, and Alta Canyon is giving lifeguards free gym memberships and discounts on other city amenities.

Liberty Park Pool offers increased wages of up to $19 per hour depending on certification level and previous experience.

But did the increased benefits really help? Gray said business and hiring are always “cyclical,” and while he sees things changing at some point in the future, he doesn’t expect a quick fix.

Others paint an even less rosy picture of their efforts to boost hiring.

“We don’t think it helped in our case or any other case in the Valley,” Everton said.

Gray, Sollis and Everton all stressed that they would continue to recruit lifeguards throughout the summer and encouraged those interested to apply on their websites.

merlin_2927616.jpg

Kearns Oquirrh Park Fitness Center lifeguards watch swimmers at Kearns Pool on Friday, June 10, 2022.

Mengshin Lin, Deseret News

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Salt lake city government

AP Business SummaryBrief at 8:21 p.m. EDT | Company

How much for gas? All over the world the pain is felt at the pump

COLOGNE, Germany (AP) — Drivers around the world are looking at gas pump numbers and rethinking their habits and finances. Walking, cycling, public transport or having no car are options for the lucky ones. But for minibus operators in the Philippines or a graphic designer in California with clients to visit, it’s not that simple. Those without access to adequate public transport or otherwise unable to give up their car have no choice but to grit their teeth and pay. Energy prices fueled by Russia’s war in Ukraine and the global rebound from the COVID-19 pandemic are a key driver of rising inflation around the world.

Crypto Investors’ Hot Streak Ends As Harsh ‘Winter’ Rolls In

NEW YORK (AP) — The wealth-generating streak of success for bitcoin and other cryptocurrencies has gone brutally cold. As prices plunge, businesses collapse and skepticism soars, fortunes and jobs vanish overnight, and feverish investor speculation has been replaced by icy calculations, in what industry leaders industry are calling a “crypto winter”. On Monday, the price of bitcoin was trading at $20,097, more than 70% below its November peak of around $69,000. Experts say the selloff signals growing apprehension on Wall Street and Main Street about the fundamentals of the crypto industry, which currently appear fragile.

People also read…

Biden says decision on gas tax exemption could come this week

REHOBOTH BEACH, Del. (AP) — President Joe Biden has said he plans to push for a federal gas tax vacation. This could potentially save US consumers up to 18.4 cents per gallon. Biden told reporters on Monday that his decision could come by the end of the week. The administration is increasingly looking for ways to spare the public from rising prices at the pump, which began to climb last year and surged after Russia invaded Ukraine in February. Nationwide gas prices average just under $5 a gallon, according to AAA. Gasoline and diesel fuel taxes help pay for highways.

Germany sticks to 2030 coal phase-out target amid energy concerns

BERLIN (AP) — The German government says it remains committed to its goal of phasing out coal as an energy source by 2030, despite growing concerns about a cut in gas supplies from Russia. Russia’s Gazprom announced last week that it was sharply reducing deliveries through the Nord Stream 1 gas pipeline to Germany for what it said were technical reasons. The German government says the move seems politically motivated. On Sunday, Economy Minister Robert Habeck said Germany would try to compensate by allowing increased burning of coal, a dirtier fossil fuel. Habeck, a member of the Green party, said the decision was “bitter” but “just necessary”. A spokesman for his department said on Monday that the 2030 target “is not wavering at all”.

JetBlue again increases its offer on Spirit Airlines

NEW YORK (AP) — JetBlue is bolstering its offer to buy Spirit Airlines, again upping the stakes in the bidding war over the nation’s largest budget airline. JetBlue said Monday it offered $33.50 per share, up $2 per share from its last offer two weeks ago. JetBlue is trying to outbid Frontier Airlines, which reached an agreement to buy Spirit in February. Shareholders of Florida-based Spirit are due to vote on Frontier’s offer next week. JetBlue attempts to convince investors to kill the Frontier bid and drive Spirit into JetBlue’s arms.

UK braces for nationwide railway strike as last-ditch talks collapse

LONDON (AP) — Britain is facing its biggest rail strikes in decades after last-minute talks between a union and rail companies failed to produce an agreement on rail wages and safety. ‘use. Up to 40,000 cleaners, flaggers, maintenance workers and station workers are due out for three days this week, Tuesday, Thursday and Saturday. The strike is expected to lead to the closure of the rail network across the country. Millions of people in Britain are seeing their cost of living soar, and unions say another wave of strikes is likely if they don’t get pay rises. The Conservative government says big increases will trigger a spiral in wages and prices, leading to even higher inflation.

Mixed global shares; bitcoin holds near $20,000

TOKYO (AP) — European benchmarks are higher after the pullback from most Asian markets, while the price of bitcoin hovered around $20,000. US futures advanced and oil prices fell early Monday. China kept its prime 1-year and 5-year lending rates unchanged as it struggles to spur a recovery while containing coronavirus outbreaks. US markets will be closed for the June 16 holiday and Federal Reserve Chairman Jerome Powell is expected to testify before Congress later in the week. The price of bitcoin, the world’s most popular cryptocurrency, rebounded over the weekend, at one point plunging almost 10% to below $18,600, according to the crypto news site. -CoinDesk coins.

‘It’s just hell there’: Russia still hits eastern Ukraine

KYIV, Ukraine (AP) — The Russian military machine perseveres in its ferocious efforts to crush Ukraine’s defenses. The fighting in the eastern regions of Ukraine is said to have entered a decisive phase. Ukraine’s deputy defense minister said the Kremlin had ordered its army to invade the entire eastern Lugansk region by next Sunday. In this region, which in recent weeks has become the focal point of Moscow’s attempt to impose its will on its neighbor, battles are raging for control of several villages. The consequences of the war on food and fuel supplies are increasingly looming large in the minds of the world after warnings that the fighting could drag on for years.

Stallone, Costner and Chastain help launch Paramount+ in the UK

LONDON (AP) — Paramount+ has flexed the star power of its shows as it prepares to launch in the UK with an event in London featuring Sylvester Stallone, Viola Davis, Kevin Costner, Jessica Chastain and more. . The expansion brings popular overseas programs like Costner’s ‘Yellowstone’ and ‘Star Trek Discovery’ to UK audiences. Subscribers will also be able to see Stallone’s scripted TV debut in “Tulsa King,” in which he plays a mob capo. Paramount+ launches Wednesday with over 8,000 hours of programming. They include Chastain and Michael Shannon in the “George & Tammy” series, as well as Davis, Michelle Pfeiffer and Gillian Anderson in “The First Lady”, about the wives of American presidents.

Tribal Chiefs and Federal Government Reinstate Bears Ears Commission

SALT LAKE CITY (AP) — Federal authorities and tribal nations have officially re-established a commission to jointly govern Bears Ears National Monument in Utah. The agreement signed on Saturday was previously established by the Obama administration in 2016. It is one of the first times that a national monument will be jointly managed by federal agencies and Native American tribes. The agreement was changed much to the chagrin of tribal officials when President Donald Trump downsized the monument in 2017. The five nations are the Hopi, the Navajo Nation, the Pueblo of Zuni, the Ute Mountain Ute Tribe and the Ute Indian of the Uintah and Ouray. Reservation.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Salt lakes real estate

Analysts offer forecast for Extra Space Storage Inc.’s earnings in the second quarter of 2022 (NYSE:EXR)

Extra Space Storage Inc. (NYSE:EXR – Get Rating) – KeyCorp investment analysts released their second quarter 2022 earnings per share (EPS) estimates for Extra Space Storage in a research note released to investors on Wednesday 15 June. KeyCorp analyst T. Thomas expects the real estate investment trust to post earnings of $2.07 per share for the quarter. KeyCorp currently has an “overweight” rating and a price target of $200.00 on the stock. The consensus estimate for Extra Space Storage’s current annual earnings is $8.25 per share. KeyCorp also released estimates for Extra Space Storage Q3 2022 earnings at $2.12 EPS, Q4 2022 earnings at $2.15 EPS, FY2022 earnings at $8.35 EPS, Q1 2023 earnings at $2.17 EPS, Q2 2023 earnings at $2.25 EPS, Q3 2023 earnings at $2.29 EPS, Q4 2023 earnings at $2.28 EPS and earnings of fiscal year 2023 at $9.00 EPS. Extra Space Storage (NYSE:EXR – Get Rating) last announced its results on Tuesday, May 3. The real estate investment trust reported earnings per share (EPS) of $1.51 for the quarter, missing the consensus estimate of $1.86 per ($0.35). The company posted revenue of $379.81 million for the quarter, compared to $368.88 million expected by analysts. Extra Space Storage achieved a net margin of 50.76% and a return on equity of 23.42%. The company’s quarterly revenue increased 25.1% year over year. In the same quarter last year, the company achieved EPS of $1.50.

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A number of other analysts have also published reports on the company. StockNews.com downgraded Extra Space Storage from a “buy” rating to a “hold” rating in a Wednesday, June 15 report. Truist Financial lowered its price target on Extra Space Storage from $225.00 to $200.00 and set a “buy” rating for the company in a Wednesday, June 1 report. JPMorgan Chase & Co. raised its price target on Extra Space Storage from $220.00 to $224.00 and gave the company a “neutral” rating in a Monday, April 4 report. Finally, Morgan Stanley cut its price target on Extra Space Storage shares from $172.00 to $156.00 and set an “underweight” rating for the company in a Wednesday, May 25 research note. . One research analyst gave the stock a sell rating, six gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, Extra Space Storage currently has an average rating of “Hold” and an average price target of $203.90.

Shares of NYSE EXR opened at $159.47 on Monday. The company has a debt ratio of 1.55, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $21.41 billion, a price/earnings ratio of 25.89, a PEG ratio of 2.52 and a beta of 0.46. The stock has a 50-day moving average price of $185.34 and a 200-day moving average price of $196.86. Extra Space Storage has a 52-week low of $156.70 and a 52-week high of $228.84.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 will receive a dividend of $1.50 per share. This represents a dividend of $6.00 on an annualized basis and a dividend yield of 3.76%. The ex-date of this dividend is Tuesday, June 14. Extra Space Storage’s payout rate is currently 97.40%.

In other news, CEO Joseph D. Margolis sold 5,000 shares of the company in a trade on Friday, April 1. The stock was sold at an average price of $208.34, for a total transaction of $1,041,700.00. As a result of the transaction, the CEO now directly owns 62,035 shares of the company, valued at $12,924,371.90. The sale was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Company insiders hold 1.52% of the company’s shares.

Several hedge funds and other institutional investors have recently increased or reduced their stakes in EXR. Morgan Stanley increased its position in Extra Space Storage shares by 10.7% in the second quarter. Morgan Stanley now owns 473,972 shares of the real estate investment trust valued at $77,646,000 after acquiring an additional 45,864 shares during the period. HighTower Advisors LLC increased its position in Extra Space Storage shares by 264.6% in Q3. HighTower Advisors LLC now owns 6,381 shares of the real estate investment trust valued at $1,080,000 after acquiring an additional 4,631 shares during the period. Marshall Wace LLP increased its position in Extra Space Storage shares by 358.6% in the third quarter. Marshall Wace LLP now owns 25,376 shares of the real estate investment trust worth $4,263,000 after acquiring an additional 19,843 shares during the period. LPL Financial LLC increased its position in Extra Space Storage shares by 27.3% in the third quarter. LPL Financial LLC now owns 26,373 shares of the real estate investment trust valued at $4,430,000 after acquiring an additional 5,656 shares during the period. Finally, United Capital Financial Advisers LLC increased its position in Extra Space Storage shares by 1.2% in the third quarter. United Capital Financial Advisers LLC now owns 9,706 shares of the real estate investment trust valued at $1,631,000 after acquiring 116 additional shares during the period. 95.44% of the shares are currently held by hedge funds and other institutional investors.

About additional space storage (Get an assessment)

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 storage stores self service. in 40 states, Washington, DC and Puerto Rico. The Company’s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of leasable space.

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Historical and Revenue Estimates for Additional Space Storage (NYSE:EXR)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Extra Space Storage right now?

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Salt lake city

Inside the Garth Brooks, Trisha Yearwood show in Salt Lake City, Utah

Six hours before playing his first of two shows at Rice-Eccles Stadium, Garth Brooks told a group of reporters it would be the same show he had performed at the venue just 11 months prior. Same guys, same songs, same fun.

What a gross understatement.

Yes, technically Brooks wasn’t wrong. He had the same backing band with him on Saturday night — talented musicians who’ve been by his side since the late ’80s and early ’90s. He did all his same hits, energizing the crowd with “Two Pina Coladas and “Friends in Low Places,” and slowing things down with “The River” and “The Dance.”

He was also unquestionably having as much fun. Even after three decades of touring, Brooks smiles and sprints onstage like it’s his first time performing for a crowd of fans. He takes no moment for granted.

Same guys, same songs, same fun.

But therein lies the magic of Brooks: it was a completely different show.

And the main reason for that is simple: Brooks caters to his fans.

When a man in the crowd held up a sign that said, “I worked 70 hours this week to come hear ‘The Cowboy Song’,” Brooks couldn’t ignore it. If it wasn’t on his setlist when the show started, it was now.

When the stadium went wild after “Two Pina Coladas,” the country superstar had a wild look in his eyes as his energy kicked up a notch.

“Like throwing gasoline on a fire!” he cried with his arms wide open.

Every cheer, every shout, every round of applause seemed to flow through his veins. When he noticed a fan holding a sign asking for “In Lonesome Dove” for a moment, Brooks gave his band a brief break and played a snippet of the song. It’s typical for him to answer fan requests, but it’s something he usually saves for the end of his show, in a segment he calls “housekeeping.” It was still quite early.

“I feel like there are no rules tonight!” he exclaimed.

Stadium tours are usually well-oiled machines to the point that artists don’t change things up too often. But Brooks likes to deviate, and no show is the same.

Ahead of his shows in Salt Lake, the 60-year-old singer said that instead of becoming an “old hat,” those moments playing for a crowd have become “more and more precious” as he gets older.

And it’s easy to see that he means it.

He delivered blow after blow. He played in all parts of the stadium, waving, blowing kisses and making hearts with his hands the whole time. Sometimes he would step back and let his audience sing along. When he got to “Unanswered Prayers,” he lifted his guitar skyward and let the voices of his fans wash over him.

Although it was a noticeably cooler night than the one he played 11 months before, Brooks went frantic enough to sweat through his black ‘Just LeDoux It’ shirt – in honor of his friend and fellow singer country Chris LeDoux, who had his own. strong following in Utah.

And it hadn’t even happened to Trisha Yearwood yet.

Brooks talks about his wife, whom he affectionately calls “The Queen,” with the same passion he brings to the stage. The moment Yearwood took the stage, delivering her powerful vocals to the hit song “Shallow” from the 2018 film “A Star is Born,” you could sense Brooks’ awe. And he wasn’t the only one.

By then, the concert — which had already featured more than 20 songs — seemed to somehow reach an even higher level of energy. Yearwood wasn’t with Brooks for her performance in Utah last year, and the crowd erupted at the sight of the country star, dazzled in sparkly pink boots and a matching pink jacket.

“Everyone treats her like the queen and it’s like, ‘Who’s the guy with her?'” Brooks previously told reporters with a beaming smile. “I always feel good until she shows up in the room and then I’m a plus one guy. But I can tell you that there is no other human being on the planet that I would rather be next to.

This chemistry was palpable as the couple sang together and held hands on stage. When Yearwood went on to sing two of her biggest hits, “She’s in Love With the Boy” and “Walkaway Joe,” Brooks gently accompanied her on guitar and shook her head in amazement as she listened to her voice. woman.

Yearwood seemed equally in awe of her audience.

“It is the place !” she proclaimed, possibly referring to Brigham Young famous statement when pioneers first reached the Salt Lake Valley in 1847. Brooks, who expressed his love for Utah, later echoed that statement.

That would have been an extremely high mark to finish. Everyone present would have felt like they got their money’s worth.

But Brooks still was not done.

Once Yearwood left the stage, Brooks turned a stadium filled with over 50,000 people into something of a karaoke night. Without a band, he managed to make a stadium feel like a living room singing everything from Billy Joel’s “Piano Man” to George Strait’s “Amarillo By Morning” to Don McLean’s “American Pie.”

In total, he played for 2 and a half hours straight. It was his third show at Rice-Eccles Stadium in less than a year, and he strove to make each one distinct.

It was a real sign of going above and beyond for his fans, because let’s be honest: All three shows could have been exactly the same, and no one would have complained.

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Utah economy

Could canceling student loans have an impact on inflation?

(NEXSTAR) – Inflation is now at its highest level in four decades, and the Federal Reserve’s efforts to rein it in have so far failed to bring it under control. Some worry that an impending decision by the Biden administration to cancel student loans could only make matters worse. But will he?

President Biden is expected to make a decision on canceling federal student loans within the next two months, according to reports. In April, multiple sources confirmed to The Hill that Biden was considering cutting at least $10,000 per borrower.

An analysis by the Federal Reserve found that this type of discount would eliminate their entire balance for about 11.8 million borrowers, or just over 31%. This would result in an estimated $321 billion in federal student loan forgiveness.

Some have argued that canceling student debt could provide an economic boost, giving borrowers currently in debt the chance to spend money on items they could have kept, such as a car or house. This increase in spending may not be ideal in the eyes of the Fed, which is trying to stabilize costs by making borrowing more expensive.

Still, some experts believe canceling student loans won’t have a big impact on inflation, including senior White House adviser Brian Deese. Speaking to reporters in May, Deese said the economic impact of any proposed student loan forgiveness “would be over several years or a few decades.”

He added that the impact on inflation “in the short term is likely to be…quite small”.

Canceling student loans would not put money directly into the pockets of borrowers like stimulus checks, which were intended to be used to spend and stimulate the economy. Instead, the forgiveness would end or reduce the payments borrowers must make on their federal student loans.

David Lazarus, business and consumer news contributor for Nexstar’s KTLA, agreed that the pardon would have a limited impact on inflation, but noted that “it could affect the Fed’s efforts to cool the economy, which would create more urgency for further rate hikes.”

“Loan forgiveness could provide people with more disposable cash,” he explained. “Although it’s not certain that people would splurge, it would allow for more shopping. This, in turn, would strengthen the economy, making it even more difficult to bring down exorbitant consumer prices.

In February, the Committee for a Responsible Federal Budget, a nonprofit public policy organization, estimated that canceling all $1.6 trillion in federal student debt held by Americans would raise the rate of inflation rate of 10 to 50 basis points, or 0.1 to 0.5 percentage points within 12 months of the scheduled start of repayment. The current US inflation rate is 8.6%.

The Committee has not released an estimate of the impact on inflation of a $10,000 forgiveness per borrower, but the organization continues to qualify both the payment pause and debt forgiveness of “regressive and inflationary”.

Federal student loan payments remain suspended until August 31. Biden could approve another extension to the payment moratorium in light of rising interest rates and depending on the state of the economy in August, according to The Associated Press.

Since Biden took office, his administration has approved $25 billion in student loan forgiveness.

The Associated Press contributed to this report.

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Salt lakes real estate

Elder Cook calls Smithfield, Utah Temple a ‘lighthouse’ at groundbreaking

SMITHFIELD, Cache County – Two Apostles with roots in the Cache Valley were sent “home” Saturday by the First Presidency of The Church of Jesus Christ of Latter-day Saints to participate in the dedication ceremony of the Smithfield Utah Temple.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles, both of whom grew up in the Logan area, gave talks and Elder Cook dedicated the site to construction with up to 600 people in attendance by a windy morning.

“I love this beautiful valley,” said Elder Cook, who also reflected on his youthful years playing sports in the area. “I’ve seen a lot of the world, but this peaceful valley surrounded by these majestic mountains still feels like home to me. It’s one of the most beautiful places on the planet.

The Smithfield Utah Temple grounds in Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

“We believe it is no coincidence that Elder Cook and I are both Cache Valley boys and have this mission today,” Elder Stevenson said. “And we suspect that (the late) Brother (L. Tom) Perry is also interested today in what’s going on here.”

In his dedicatory prayer, Elder Cook expressed gratitude for the pioneer ancestors “who have gone before us and laid the foundations of a temple in the northern Cache Valley.”

“We pray that this temple will be a beacon for the communities it serves,” he said.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints and their wives, Sister Lesa Stevenson and Sister Mary Cook, attend the temple groundbreaking from Smithfield, Utah to Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

Why a second temple in Cache Valley?

Cache County has the second-highest concentration of Latter-day Saints in Utah (64%) and Idaho, according to the 2020 U.S. Census of American Religion.

“It is not surprising that the Lord would want an additional temple to serve faithful members in their efforts to provide sacred ordinances for deceased ancestors,” Elder Cook said.

A second temple in Cache Valley is an indication that the church continues to establish itself, the apostles said.

“A temple represents stakes and wards, and stakes and wards represent stakes of Latter-day Saints,” Elder Stevenson said. “It’s heartwarming and just beautiful to watch.”

The Smithfield Temple District will serve church members in the communities of Benson, Franklin, Hyde Park, North Logan, Preston, Richmond and Smithfield.

A second temple in Cache Valley will support “huge” growth in the area, said Darrell Simmons, a former Smithfield mayor who also serves as a patriarch in the church.

“The temple will have a huge impact on the future of this community,” said Darrell Simmons, who has lived in Smithfield for more than 40 years.

“We feel really lucky to have him,” said Ruth Simmons, Darrell’s wife.

The Smithfield Temple will be the 26th in the state of Utah. There are currently 172 dedicated temples around the world, with 50 temples under construction and another 60 announced.

“More than 85 percent of church members now live within 200 miles of a temple,” Elder Stevenson said.

“It’s all part of the great plan of happiness, the clear and precious truths of the gospel that inform us that we are children of a loving Heavenly Father who desires that we return and live in his presence and as his eternal family. Stevenson said.

The Poulsen family legacy

Before Elder Cook dedicated the property at 800 West 100 North to the Smithfield Utah Temple, it was farmland operated by the LaMont Poulsen family for more than 160 years.

Church realtors approached the family to purchase the 13.3-acre plot in 2018. It was not easy for the family to sell the land, but no one wanted to confront the ancestors in the other beyond and be the one who said “No”. “, reports the Herald Journal.

Zander Poulsen, LaMont’s 17-year-old grandson who attended the groundbreaking ceremony, has moved the pipe around the grounds with his cousin in recent years.

“We’re super excited,” he said. “We can look across the street and see the temple. It’s pretty crazy to think there will be a big temple sitting here.

Attendees listen during the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Attendees listen during the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

“Volumes” of Faith

Lindsey Lott, a Latter-day Saint from Preston, remarked briefly on her ancestor William Woodward, who joined the church in England and traveled with the pioneers in Utah in the 1800s. He returned to Europe as missionary and returned home with handcart pioneers in 1856 as a clerk to Captain James G. Willie. The day after he arrived in the Salt Lake Valley, he received temple ordinances in the Salt Lake Endowment House.

“It says a lot about his faith,” said Lott, who was asked to focus on the subject, “How my ancestor’s faith led us to the building of the temple in Smithfield, Utah.” “I’m sure William is happy to have another temple built in Cache Valley.”

Lindsey Lott speaks at the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Lindsey Lott speaks at the dedication of the Smithfield Utah Temple in Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

Return the ground

Government, education, business, interfaith and religious leaders were among more than 500 guests at Saturday’s groundbreaking, many of whom participated in the “turning of the ground” ceremony.

A strong wind blew for the duration of the event, which ruffled hair and forced speakers to hold their speeches tight, but also provided a breeze in the morning heat.

“My first feeling of having this wind with us was a little disappointing,” Elder Cook said. “Then the spiritual feeling came over me that for a lot of us who are fifth, sixth, and seventh generation members of the church, it’s kind of nice to have an element that pits us a bit against each other here. When you think of the Kirtland Temple and the Nauvoo Temple and think of our history, maybe having a little wind is a good memory of what our ancestors had to face in the pursuit of building temples .

After the dedicatory prayer and the earth-turning ceremony, Elder Cook and Elder Stevenson offered some playful mementos that had the crowd laughing.

Standing with a shovel in his hand, Elder Stevenson said: “My father always said, ‘A shovel handle is not something to lean on, Gary.’ »

“I remember more bean picking,” Elder Cook said.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints.

Quentin L. Cook and Gary E. Stevenson of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints and their wives, Sister Lesa Stevenson and Sister Mary Cook, attend the temple groundbreaking from Smithfield, Utah to Smithfield on Saturday, June 18, 2022.

Jeffrey D. Allred, Deseret News

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Salt lake city government

omniQ receives a rough price – GuruFocus.com

  • OmniQ’s wholly-owned subsidiary, Dangot Computers Ltd, wins the purchase contract.
  • The company will provide IoT equipment generating recurring and non-recurring revenue.
  • Recurring revenue from services and consumables is expected to continue for eight years, increasing the value of the contract.
  • omniQ continues to demonstrate its unique value and position as a trusted supplier to some of the world’s most prestigious customers.

SALT LAKE CITY, June 08, 2022 (GLOBE NEWSWIRE) — OMNIQ Corp (OMQS) (“OMNIQ” or “the Company”), a provider of supply chain and artificial intelligence (AI)-based solutions, has today announced that Dangot Computers Ltd, its wholly-owned subsidiary, has received a supply agreement for approximately $11 million from the Government of Israel.

omniQ will provide IoT equipment, consumables and technical services to various government departments for the next 5 years. Recurring revenue represents approximately 50% of the agreement.

The Government of Israel and its agencies are the company’s major customers for a wide variety of solutions: omniQ’s machine vision products for security, computerized medical carts for hospitals, and IoT automation products for various government departments and agencies. The Israeli market is sophisticated and technology-rich and as such generates the need for innovative and unique solutions offered by omniQ.

CEO of Shai Lustgarten said, “Once again, we are privileged to enjoy a relationship of trust and loyalty with one of the most demanding governments in the world, which further positions us as a leader in providing solutions based on IoT, automation and AI. The Government of Israel joins a growing list of major supermarket and retail chains in the United States and Israel, major healthcare providers, cities, security agencies, and other discerning Fortune customers. 500 that rely on our solutions using advanced technologies, based on proprietary AI solutions, successfully serving multiple vertical markets. With our product offerings and strong customer base, we anticipate continued growth in the future.”

About OMNIQ Corp:

OMNIQ Corp. provides computerized image processing and machine vision solutions that use patented and proprietary artificial intelligence technology to provide real-time data collection, monitoring and control for supply chain management, homeland security, public safety, traffic and parking management and access control applications. The company’s technology and services help customers move people, assets and data securely across airports, warehouses, schools, national borders and many other applications and environments.

OMNIQ’s customers include government agencies and leading Fortune 500 companies across multiple industries, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, oil, gas and chemicals. Since 2014, annual revenue has reached over $50 million from customers in the United States and overseas.

The company currently addresses several billion-dollar markets, including the global safe cities market, which is expected to reach $29 billion by 2022, and the secure ticketless parking market, which is expected to reach $5 billion. $2 billion by 2023. For more information, visit www.omniq.com.

Contact:

Corporate contact details

Koko Kimball

(385) 758-9241

[email protected]

OMNIQ-Corp-.png

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Salt lake city

Garth Brooks loves Salt Lake City and fans returned that love Friday night

(Leah Hogsten | The Salt Lake Tribune) Country star Garth Brooks performs with his band during his stadium tour Friday, June 17, 2022 at Rice-Eccles Stadium.

On Friday night, the loving audience at Rice-Eccles Stadium persuaded Garth Brooks to sing the lesser-known third verse of his 1990 hit ‘Friends in Low Places’ – and the country singer was impressed.

“Salt Lake knows its country music,” Brooks told the crowd.

Brooks and his band performed the song near the end of Friday’s show – the first of two nights at Rice-Eccles, during the country legend’s upcoming stadium tour. To punctuate the occasion, three men walked onto its dynamic stage and fired confetti cannons, sending streamers and shimmering white confetti pieces through the crowded stadium.

When Brooks performed at Rice-Eccles in July 2021, he promised to bring the tour back. This weekend’s shows, like last year’s, all sold out within minutes on Ticketmaster. His Friday show opened with a wink from Amazon’s AI voice: “Hey, Alexa, play Garth Brooks live in SLC.”

Brooks fly-half Mitch Rossell cried over the crowd’s reaction to his set, and he even paused to say he was shocked at the number of people in the stadium. He debuted a new track in Salt Lake City, about hard work, and said the crowd could be part of the song’s music video.

(Leah Hogsten | The Salt Lake Tribune) Country star Garth Brooks performs with his band during his stadium tour Friday, June 17, 2022 at Rice-Eccles Stadium.

At a press conference earlier Friday, Brooks said his most memorable moment from performing in Salt Lake City in the past was asking the crowd in 2021 if he could return.

“The response was crazy from inside the stadium,” he recalled. “You’d think it would be better from the people who didn’t come in. They were nice enough to make you feel like you weren’t selfish or crazy for thinking that.”

Brooks said he loved his Utah fans, but added he was confident saying he also came back for himself because he had such a great time here.

Brooks said that after years of performing and creating music, he is still humbled by what he does. “The more you get to do this, the less these things happen,” he said. “Not only does it become an old habit, it becomes more and more valuable each time it happens.”

Friday’s show was the same as last year, Brooks told the crowd. Earlier, he told reporters that the fans were “making up the set list”.

His backing musicians, most of whom have been with Brooks for years, brought the stadium to life with their basic country music skills — like killer fiddle solos and pounding drums.

Before his hit ‘The Thunder Rolls’ aired, he told the crowd he was checking the weather (which, despite the high temperatures at the start of the day, was brisk, cloudy and pleasant) before jokingly pointing to the sky and say, “God, you know I’m kidding.

Another memorable moment on Friday came when a young girl in the crowd named Emma held up a sign that read “‘Wild Horses’ of Colorado,” a request that Brooks play the song for her.

Other songs, like “The River” and “Fishin’ in the Dark,” had the crowd singing so hard it left the singer in awe.

When Brooks and his band left the stage at the end of the main set, a single oscillating disco ball hung in the air, still partying on its own. Then came the recall.

Brooks brought in his wife, country star Trisha Yearwood, who grabbed her microphone dazzled by the rainbow as the two performed a beautiful cover of “Shallow,” the song that Lady Gaga and Bradley Cooper sang in the 2018 film “A Star Is Born.” Yearwood also performed her 1991 hit “She’s in Love With the Boy”.

At the end of Friday’s show, Brooks told the crowd, “I love you Utah, thank you for taking care of me.”

(Leah Hogsten | The Salt Lake Tribune) Country star Garth Brooks performs with his band during his stadium tour Friday, June 17, 2022 at Rice-Eccles Stadium.

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Utah economy

3rd Congressional District candidates debate topics of Roe v. Wade, inflation and more | News, Sports, Jobs





Harrison Epstein, Daily Herald

Candidate Chris Herrod, right, speaks during the 3rd Congressional District debate at Brigham Young University on Friday, May 27, 2022, as Rep. John Curtis listens.

Incumbent Rep. John Curtis and his challenger in the 3rd Congressional District, Chris Herrod, took part in a Friday afternoon debate on KSL News Radio.

The debate was moderated by Boyd Matheson and Maria Shilaos from KSL. Each candidate had two minutes for an opening speech and one minute for a question and answer. Shilaos said the purpose of the debate was to allow the candidates to talk more about the topics and solutions they are in favor of rather than against.

The main topics of debate were election security, drought, inflation, Roe v. Wade and improving background checks when buying firearms.

Election security is on the minds of many voters, with some wondering if their vote will count in this election or any other. Candidates were asked how the public should know their votes will count.

Herrod responded first and explained that he was old-fashioned, saying he believed election procedures should follow the constitution and disagreed with mail-in voting.

Harrison Epstein, Daily Herald

Representative John Curtis speaks during the 3rd Congressional District debate at Brigham Young University on Friday, May 27, 2022.

“I believe in the Constitution,” Herrod said. “I believe that the election, according to the Constitution, is supposed to take place on the first Tuesday after the first Monday in November, and yet we have now gone to vote by mail. There are other things that extended the election by two months. I’m a same day, in person ballot, voter ID guy. If you understand statistics, you can take random samples and get a very good idea of ​​whether the election is secure. People don’t trust the system, and there’s a lot of mistrust on both sides right now, and we need to get back to basics.

Curtis talked about what he thinks shouldn’t be done, which is the federalization of elections. He said the federalization of elections has been the buzz in Washington, DC, all year.

“The Founders were very wise with what they put in the Constitution, that elections should be held at the state level, and there’s a lot of wisdom in that,” Curtis said.

According to dryness.gov, Utah has been experiencing a drought of varying severity for years. Many Utahans have raised concerns with both candidates about what needs to be done to protect Utah’s water.

Curtis called this situation “everything on deck” where individuals and cities can better conserve and plan and where government can get more involved in water lawsuits and funding for water projects.

Harrison Epstein, Daily Herald

Candidate Chris Herrod speaks during the 3rd Congressional District debate at Brigham Young University on Friday, May 27, 2022.

Herrod said he believes state officials are in the best position to decide how to protect Utah’s water.

“I don’t want the federal government to say how we should use our water,” he said. “I was in Blanding recently and had a conversation with a government official there. He showed me pictures of new technologies where their crops were getting the same amount of growth with 3% water usage. So there are these new technologies that we can use.

Shilaos said most Americans cite economic inflation as the biggest problem and cited statistics showing gasoline prices are up 8.6% from a year ago. She asked the candidates what they thought was the role of Congress in reducing inflation.

Curtis said he believed Republicans taking over the House was a crucial part of reducing inflation because they would stop wasteful spending. He said the trillions of dollars spent by the federal government more than a year ago were “pouring gasoline into the fire of inflation.”

“Since then, this administration has done everything it can to keep pumping money into the economy, including things like canceling student debt,” Curtis said. “That’s why it’s so important for Republicans to take back the House.”

Herrod also mentioned cutting wasteful spending and keeping the federal government limited.

“Republicans are almost as much to blame as Democrats,” he said. “You look recently and we spent $40 million on Ukraine, and we continue to fund the Ministry of Education and other ministries that I don’t think are necessary, so we have to go back to the Constitution.”

Another hot topic is the Supreme Court’s possible decision to overturn Roe v. Wade of 1973 which ensured the protection of women’s abortion rights. Candidates were asked how they plan to support women and families if Roe v. Wade was canceled.

Herrod said he would be extremely happy if Roe v. Wade was canceled. It supports each controlling state, not the federal government.

“I know there are a number of private organizations that are ready to step in and help women who find themselves in this situation, single and pregnant,” he said. “So I look forward to the community at large to meet that need.”

Curtis said he recognizes Utah doesn’t have enough recourse for women at risk of having an unwanted pregnancy. He also acknowledged a lack of mental health and healthcare resources for women.

“I think it’s really important that we take a deep look at ourselves and say, ‘Look, if that’s the law of the land, what comes with that is a huge responsibility to help people with these kids,’ Curtis said.

Elaborating on the subject, Shilaos said that many women think they are penalized by having to pay the price for birth control, unlike men.

Curtis said that as a 65-year-old man, he doesn’t know much about the cost of birth control, but he’ll have whatever conversation is needed to bring abortions down to zero.

Herrod reiterated his belief that this issue would always be best handled at the state level. He suggested that religious beliefs could affect how each state decides how to deal with the issue.

“My religious beliefs don’t have a problem with birth control, but there are other religions that do,” he said. “Until you’ve seen that happen, especially with the Catholic Church, and balancing those issues, I think it’s best done at the state level.”

Although the school shooting in Uvalde, Texas, which left 21 dead, happened almost a month ago, it is the most recent example of why many people believe that stricter restrictions on firearms are necessary. Each naysayer shared their thoughts on improving background investigations and/or waiting periods for people trying to buy a gun.

Herrod acknowledged that it was an 18-year-old responsible for the Uvalde shooting and pointed out that the United States also asks 18-year-olds to fight foreign wars.

“For me, the difficulty I have is that we allow an 18-year-old to go and fight a foreign war for us and then he can’t come back and buy a shotgun, I have a hard time with it,” he said. “I believe it’s best determined at the state level.”

Herrod went on to say that he wouldn’t want to punish those who own guns and handle them responsibly.

Curtis said he would not be able to make a decision on either restriction option as he would like to see the data, but claimed there was none.

“You don’t have the data to make those decisions, and that’s really unfortunate,” Curtis said. “Just a few years ago, the federal government actually banned federal funds from being spent on studying firearms, and in order for me to make a decision on what you’re talking about, I need to see some data.”



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Salt lake city government

Where to Celebrate June 16, 2022 in Utah • Salt Lake Magazine

July 4 is still a few weeks away, but on June 19, Utahans celebrate our nation’s second Independence Day.

This year, Juneteenth became a holiday in Utah after Governor Spencer Cox signed legislation sponsored by Representative Sandra Hollins, the first black woman to serve in the Utah Legislative Assembly. This follows legislation that declared Juneteenth a federal holiday, which Joe Biden signed in 2021. Juneteenth has been celebrated by many black Americans for decades, but the holiday gained wider recognition in 2020, after the police killings of George Floyd, Breonna Taylor and others have flared up. widespread protests and increased attention to racial injustice.

Juneteenth celebrates emancipation from slavery. Although the Emancipation Proclamation was signed in 1863, it could not be enforced in Confederate-controlled states. When the Civil War ended in 1865, Texas, the westernmost state of the Confederacy, was the last state to officially end slavery – on June 19, 1865, General of the Union Gordon Granger told slaves in Galveston, Texas that the Civil War was over. and that they were free. Since the end of the Civil War, the anniversary has been a local celebration of the end of slavery. Over time, Juneteenth has spread across the country, becoming a larger celebration of black history and culture in the United States.

Betty Sawyer, director of the African-American community group Project Success Coalition, led the first June 19 observance in Utah 32 years ago. Sawyer and the Ogden-based Project Success Coalition still host the Utah Juneteenth Festival, which this year includes a flag raising at the Salt Lake County Government Center, a three-day festival in Ogden, and other community events throughout the month. Here are the Juneteenth celebrations featured by the Project Success Coalition and other ways to honor Juneteenth this weekend and this month in Utah:

WHAT: Salt Lake County June 16th Celebration
WHERE: Salt Lake County Government Center, SLC
WHEN: June 17, 11:30 a.m.

WHAT: June 19 Welcome Reception
WHERE: Copper Nickel, Ogden
WHEN: June 17, 6-11 p.m.

WHAT: Juneteenth at Utah State University
WHERE: Utah State University, Logan
WHEN: June 17-19

WHAT: June 16 celebration in Utah
WHERE: Ogden City Amphitheatre, Ogden
WHEN: June 18, 12 p.m.-9 p.m.

WHAT: Salt Lake County Library June 19 Festival
WHERE: Viridian Event Center, West Jordan
WHEN: June 18, 4-9 p.m.

WHAT: June 16 Celebration at Real Salt Lake
WHERE: Rio Tinto Stadium, Sandy
WHEN:
June 18, 7:30 p.m.

WHAT: Color Summer Celebration
WHERE: The Sun Trapp, SLC
WHEN: June 19, 12 p.m.-6 p.m.

WHAT: Millcreek Skating Night
WHERE: Municipality of Millcreek, Millcreek
WHEN: June 19, 5-10 p.m.

WHAT: Salt Lake June 19 Celebration Walk
WHERE: Utah State Capitol, SLC
WHEN: June 20 at 10 a.m.

WHAT: Black Owned Business Fair
WHERE: Gateway, SLC
WHEN: June 20 at 12 p.m.

WHAT: Utah Juneteenth Health and Wellness Day
WHERE: Gallivan Center, SLC
WHEN: June 20, 12 p.m.-7 p.m.

WHAT: Excellence in Community Gospel Concert
WHERE: Gallivan Center, SLC
WHEN: June 20, 7-8:30 p.m.

WHAT: June 19 Flag Raising
WHERE: University of Utah Park Building, SLC
WHEN: June 21 at 9 a.m.

WHAT: Juneteenth Black Women’s Mural Project Unveiling with Better Days Utah
WHERE: 444 E. 600 South, SLC
WHEN: June 27

WHAT: June 19 Celebration in North Salt Lake
WHERE: Legacy Park, North Salt Lake
WHEN: June 27, 5-8 p.m.


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Salt lakes real estate

Life Science Talent Soars in Growth U.S. Markets: Report – Trade Observer

CBRE identified the country’s top 25 markets for life science talent amid a continued rise in the number of bio graduates entering the field, and the list shows that emerging hubs go far beyond the markets of coastal research for which the life sciences are primarily known.

The number of U.S. biological and biomedical science graduates nearly reached 164,000 in 2020, twice as many as 15 years earlier. Job growth in life science occupations – from bioengineers and biochemists to microbiologists and data scientists – has increased 79% since 2001 to around 500,000, boosting core markets like Boston and San Francisco, as well than emerging hubs like Nashville, Salt Lake City and Houston. For comparison, the overall employment growth rate in the United States during this period was 8%.

Even with this influx of talent, the unemployment rate for life, physical and social sciences was below 1% in April, CBRE said.

“There are millions of square feet of demand beyond current supply, vacancy rates are at an all-time low, and hiring continues to rise,” said Matt Gardner, CBRE Americas life sciences leader. “If you just look [the number of current clinical trials], the number of products in the pipeline is greater or wider than the industry has ever had before. … So this echelon that the industry has occupied for the past five years has resulted in a huge increase in new products and development.

Boston tops the list of top eight markets, followed by the Washington, DC-Baltimore area. Rounding out the list, the San Francisco Bay Area; New York and New Jersey; San Diego; Raleigh-Durham, North Carolina; Los Angeles and Orange County; and Philadelphia. Rankings are based on the number of jobs and graduates in the life sciences; the share of life sciences in the overall pool of jobs and graduates in each market; the number of doctorates in life sciences; and its concentration of jobs in the broader professional, scientific and technical services occupations.

The major population centers of Washington, D.C. and Baltimore, New York and New Jersey, Los Angeles and Orange County, Philadelphia and Chicago benefit from their prominent universities and industrial presence, according to the report.

“All of this growth continues to put intense pressure on commercial real estate,” CBRE said. Ian Anderson said. “We are at the lowest vacancy rate ever for laboratory R&D properties in the United States”

Tommy Cleaver, executive vice president of CBRE, told Commercial Observer that the life sciences industry in Washington, D.C. and Baltimore depends on the highest share of people employed in professional, scientific and technical services at 15.4 %, as well as one of Ph. .RE. populations.

“Only Boston-Cambridge, San Francisco Bay Area and Raleigh-Durham have comparable concentrations,” Cleaver said. “Washington, DC/Baltimore is one of only four markets with over 25,000 scientists and has more biological scientists and microbiologists than any other market in the country.”

Cleaver also said salaries for life science researchers in Washington, DC and Baltimore are more favorable in terms of the local cost of living than other major coastal centers.

“Our region is one of the strongest in the country, as evidenced by recent acquisitions by a number of top sponsors, including Boston Properties, Beacon Capital Partners, Director, Oxford, longfellow, Trammell Crow, among others, which will introduce much needed supply to a market with a vacancy rate below 1%,” he said. “The market is on the verge of significant growth.

The New York and New Jersey market had the highest number of annual biological and biomedical science graduates on the list, with more than 2,000 more new graduates than the second-largest market of Los Angeles and Orange County. According to CBRE, New York and New Jersey granted 9.8% of all doctorates in biological and biomedical sciences, the highest of any market in the country. Additionally, New York/New Jersey received $3.4 billion in NIH funding, the largest commitment to a market in the United States in 2021.

“The New York/New Jersey area boasts some of the best research talent in the nation, produced by renowned educational institutions,” CBRE said. Joesph De Rosa said in a statement. “We have more chemists in New York/New Jersey than any other market in the country, as well as one of the highest numbers of doctors”

Anderson said industry leaders will confirm that their short-term and long-term outlook is very strong.

“The amount of innovation that’s happening continues to be remarkable,” he said. “There has been a downturn in the funding and equity markets. But the number of investors looking for deals is still at an all-time high. … It’s hard to find a metro area that doesn’t want to be part of this revolution at this point.

Gregory Cornfield can be reached at [email protected].

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Salt lake city

Still no clear path for Salt Lake City’s Winter Olympics bid after trip to Switzerland

A high-profile trip to the International Olympic Committee (IOC) headquarters in Lausanne, on the scenic shores of Lake Geneva, confirmed to the Salt Lake City Olympic Bid Team on Wednesday that its Winter Games project was on track. right way. But the questions remain – which track?

Olympic House in Lausanne, Switzerland (Photo IOC)

The influential delegation led by Bid President and CEO Fraser Bullock filled the spotlight with Olympic ski champion Lindsey Vonn, who agreed to chair the athlete experience, and the team joined technical experts and IOC President Thomas Bach for a single day of meetings.

Bid chair and Olympic speed skater Catherine Raney Norman also made the trip with Utah Multicultural Affairs Division Director Nubia Peña and consultant Darren Hughes. This first in-person IOC on-site meeting follows what was considered a successful site visit to Utah by IOC technical experts in April. Previous planned tours had to be postponed due to the ongoing waves of the COVID-19 pandemic.

“There’s just something about this human-to-human connection that’s very warm,” Bullock told reporters Wednesday according to the Utah-based company. Desert News.

“One of the things we particularly felt was the sense of partnership. We all want to do what’s best for the Olympic movement, and that’s translated into us all wanting to be on this journey together.

But the road to the second Salt Lake City Winter Olympics remains as murky as the destination. Bid management remains steadfast in its desire to host its next edition as soon as possible, in 2030. But various factors could complicate this timeline, including the timeline that shows the Los Angeles 2028 Summer Games only ending 18 months before the opening of the Winter Games.

This dispute would likely dilute the pool of lucrative domestic sponsorships available for the two US-based Games and could impact ticket and memorabilia sales. The United States Olympic and Paralympic Committee (USOPC) and LA 2028 are stakeholders in this process and will have a say in how things unfold. Geopolitics will also come into play and the IOC may prefer to avoid staging back-to-back marquee events in the same country.

Games in 2034 have been mooted as a backup plan for Salt Lake City.

“Our position is that we will hold Games when it is in the best interests of the Olympic movement and that all the pieces will fit together as best we can. We are trying to get those pieces to fit together as soon as possible,” said Bullock,

“There’s no definitive answer yet, and we won’t expect that until probably well into the targeted dialogue,” he added, outlining a process that is expected to run from December to next May.

But according to the IOC’s published process, there should be a clear answer much sooner, at least by December 7, when the organization’s board is expected to announce offers or “preferred hosts.” ” to be taken into account for the targeted dialogue phase.

According to IOC rules, Targeted Dialogue is “a defined period during which the IOC Executive Board targets one or more Preferred Hosts to develop a project for a specific edition of the Games” (emphasis added).

Other hurdles that could push the US bid forward four years later are rival bids from Japan, Canada and possibly Spain with all three projects – like Salt Lake City – pursuing a second Games.

Sapporo is moving forward for 2030 after hosting Asia’s first Winter Olympics in 1972. The capital of the northern province of Hokkaido is well into a public engagement campaign and has released detailed bid plans.

On Tuesday, an Indigenous-led bid based in British Columbia, Canada, unveiled draft project plans for 2030 after completing a feasibility study for the eventual Games. However, no commitments have been made, as all partners must carry out assessments and agree to move forward – a process that could take months. Vancouver last hosted the Games in 2010.

A joint bid proposed by the Pyrenees and Barcelona in Spain is currently pending while partners in Catalonia and Aragon remain at an impasse over the allocation of sites. Barcelona hopes to be only the second city to host the Winter and Summer Games, but infighting is holding the plan back.

In April, the IOC first presented a possible 2030 bid timeline that would lead to a host election at its session in Mumbai, India, on May 30, 2023. But under the new IOC process, the Long-term schedules remain flexible and there is no reason why targeted dialogue for two editions of the Games cannot operate simultaneously.

If a Salt Lake City bid were to land in 2034 instead of 2030, there would be no reason for the IOC to wait and make that election later. With the IOC President’s term ending in 2025, Salt Lake City’s election would now ensure this happens under his leadership.

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Utah economy

Reactions: Fed raises rates by 0.75 percentage points, signals slowing economy

NEW YORK, June 15 (Reuters) – The Federal Reserve on Wednesday raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and forecast a slowing economy and a rise in unemployment in the coming months. .

The action lifted the short-term federal funds rate to a range of 1.50% to 1.75%, and Fed officials at the median expected the rate to rise to 3.4% by the end of the month. end of this year and to 3.8% in 2023 – a substantial change from projections in March which saw the rate climb to 1.9% this year.

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MARKET REACTION:

EQUITIES: US stocks rose sharply in the wake of the Fed hike.

COMMENTS:

SAM STOVALL, CHIEF INVESTMENT STRATEGIST, CFRA RESEARCH, NEW YORK

“The Fed changed policy and the markets actually took that information and pretty much sold it. next meeting, that’s when the market rose is kind of a vote of confidence that the Fed is finally waking up to the inflation problem and is ready to take a more aggressive stance.”

JASON WARE, DIRECTOR OF INVESTMENTS FOR ALBION FINANCIAL GROUP, SALT LAKE CITY, UTAH

“They’re doing what they can in a fast-moving economy. Things are moving fast, the Fed knows they’re behind the curve and trying to bring inflation down and the tools at their disposal are blunt instruments.”

“They reiterated that they are ready to do whatever it takes to bring inflation down. We have to give (Powell) some slack given how difficult things are.”

“In terms of the economy and our view of recession – the risk in 2022 is quite low, but certainly in 2023 and 2024 the risk of recession has increased over the past 3+ months due to the threat of a policy error by the Fed.”

“The most interesting data point today is Esther George’s dissent. She’s not shy about raising rates. And here she’s saying 50 basis points is enough for now. She’s looking at this notion that we were behind the inflation curve, we should have taken care of that a year ago and now we are heading aggressively towards a downturn.”

MAURICIO AGUDELO, HEAD, FIXED INCOME, HOMESTEAD FUNDS, ARLINGTON, VIRGINIA

“They’re moving full speed ahead. At this point when you look at oil prices and gasoline futures, they have to tackle headline inflation. They’re still playing catch-up at this If you look at the dot chart for December, the fed funds rate was going to be slightly below 1% for the end of 22. We have now revised those expectations up to a terminal rate of 3.4% by the end of this year. When I look at the market price of future expectations for the December meeting, the implied rate is around 3.7%. The door is still open to do more, especially at the July meeting and maybe at the September meeting.”

“Look how quickly we’ve adjusted expectations from 50 bps to 75 bps in a matter of days. I think at this point all options are on the table.”

ELLEN HAZEN, CHIEF MARKET STRATEGIST, FLPUTNAM INVESTMENT MANAGEMENT, WELLESLEY, MASSACHUSETTS

“People skim through the statement, skim through the Summary of Economic Projections (SEP) and take a look at it, but in general it’s not too surprising. The biggest takeaway from the SEP for me is the track so that they have a soft landing just got shorter and narrower meaning they’re expecting higher inflation, they’re expecting higher unemployment, they’re expecting lower GDP and Atlanta’s GDPNow forecast is gone to zero. So whether or not we can escape this without a recession is in question. Everyone knew but now the Fed is admitting it.”

“Most of the additional data points have been negative, even this morning the retail sales numbers were weak so over the last four business days you’ve had a number of negative economic numbers.”

STEPHEN MASSOCCA, SENIOR VICE PRESIDENT, WEDBUSH SECURITIES, SAN FRANCISCO

“I don’t find that surprising if you’ve been paying attention. The Fed did the right thing – they indicated early on that they were going to be more aggressive in this meeting. When you look at the market reaction, nobody was really surprised.”

“I think it’s too much, too fast, too fast, too far. In my opinion, a lot of that inflation is due to energy prices and at some point oil stops going up.”

PETER YI, DIRECTOR, NORTHERN TRUST ASSET MANAGEMENT, CHICAGO

“The market had fully priced in that 75, but due to how aggressively the market recalibrated its expectations over the past three trading days, the market was basically giving them the green light. she had to be opportunistic and saw it as a window or to establish better credibility to fight inflation and I think that comes at the expense of the credibility of their forward orientation And if I had to guess Esther George would be probably dissenting because it’s going to be difficult to give a forward direction and it’s going to be interesting to see how Powell approaches that forward direction because it’s something they’ve hung their hats on.”

BRAD McMILLAN, DIRECTOR OF INVESTMENTS FOR THE COMMONWEALTH FINANCIAL NETWORK, WALTHAM, MASSACHUSETTS

“The Fed is trying to address legitimate concerns about inflation… What it did today was the least it could have done to maintain any credibility.”

“It doesn’t solve the Fed’s lagging the curve argument. It just brings them one step closer to catching the curve.”

“At this point, the Fed is trying to catch up without disrupting the markets too much. When we get into the press conference, we’ll have more details on what’s going on.”

MICHAEL ROSEN, INVESTMENT DIRECTOR AT ANGELES INVESTMENT ADVISORS, SANTA MONICA

“The Fed is in a very difficult position that, frankly, it has put itself in by mismanaging monetary policy and letting inflation rise as much as it has. There’s just no sign that inflation is turning and this is happening at a time when some of the economic data is weakening – this morning’s retail sales data, for example.The so-called ‘soft landing’ seems increasingly more tenuous.

“I hope Powell is sounded out on the balance between the dual mandate of keeping inflation low and employment high. It’s a balance that seems to be getting harder and harder to strike.”

KATHY LIEN, CHIEF EXECUTIVE OFFICER, BK ASSET MANAGEMENT, NEW YORK

“The Fed took a pretty aggressive move and hiked 75 bps. We’re seeing some volatility in FX, which is no surprise given there’s usually a lot of action in both directions. before Powell spoke, but what you can see is that the lack of a positive dollar reaction – we had a instinctive rally and then now we’re pulling back – is a reflection of heightened market concerns about the recession. “

“That’s the biggest risk of the big move the Fed made today and in an environment where retail sales have been a big hit, I think there’s going to be a lot of talk about the recession and I think Powell The foundations for further tightening will likely lengthen and between what we are already seeing in terms of rising yields, as well as the trajectory of further ups and the data already falling, there will be much more focus on the shift from inflation to recession.”

SIMON HARVEY, HEAD OF FX ANALYSIS, MONEX EUROPE, LONDON

“Today’s decision follows a report on US inflation for the month of May, which sparked increased speculation on Monday that the Fed would abandon its previous signal of back-to-back 50 basis point hikes in favor of the Fed. ‘A more aggressive decision whether the Fed chose to prime markets with or without disclosure to the Wall Street Journal is largely irrelevant at this point as the market has gone all-in on the prospect. a bigger rate hike.”

“Standing by its original forecast, the Fed should have effectively eased financial conditions in a 50 basis point hike at a time of mounting inflationary pressures. With the announcement largely priced in money market , both for the latest decision and the adjustment in the dot chart, the reaction of the financial markets has been limited.The focus is now completely shifted to President Powell’s comment during the press conference as the markets are trying to gauge the Fed’s sensitivity to new inflation impressions after their latest U-turn and what the FOMC’s appetite is for aggressively taking rates above neutral this year.”

JAKE DOLLARHIDE, GENERAL MANAGER, LONGBOW ASSET MANAGEMENT, TULSA, OKLAHOMA

“The market doesn’t know what it wants. It wants higher interest rates to stave off inflation, but it also realizes that higher interest rates make the cost of doing business more expensive. That’s so really a shit show, it’s not fun right now.”

“I wouldn’t be surprised if they come away with 75 basis points in July and then they sit and wait.”

CHRISTOPHER C. GRISANTI, CHIEF EQUITY STRATEGIST, MAI CAPITAL MANAGEMENT, CLEVELAND, OHIO

“We think the fed funds rate will approach 3.5% by the end of the year, so another 200 basis points of hikes from here. It’s still not the end of the world, c ‘s well below the average federal funds rate of the past 40 years. But what I’d also like to point out is that while this doesn’t necessarily have to end in a recession, it’s getting harder and harder to think that even the 350 basis points will stop the inflation we are seeing right now.”

BRIAN JACOBSEN, SENIOR INVESTMENT STRATEGIST, ALLSPRING GLOBAL INVESTMENTS, MENOMONEE FALLS, WISCONSIN

“The Fed is ready to let the jobless rate rise and risk a recession as collateral damage to bring inflation down. This is not a Volker moment for Powell given the magnitude of the rise, but it is like a Mini-Me version of Volcker with that move.”

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Salt lake city government

Green machinery | Hits and misses | Salt Lake City

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Green machinery
There is good news and bad news on the road to renewable energy. In Utah, where fossil fuels are king, anything away from the coal mines sounds great. President Biden, whose record on climate change has been mixed – at best – issued an executive order to “accelerate domestic production of clean energy technologies, particularly solar components”, the Desert News reported. Obama-era tariffs on components produced in China have thrown the industry into chaos during the global supply chain debacle. A tariff evasion investigation has further delayed imports and at least five major solar projects in Utah. Switching to renewables is a tough sell, even if it was only a few years ago nearly two dozen cities had committed to going fully renewable. Now many have backed off, primarily fearing implementation costs, according to Energy Wire.

news_hitsmisses1-3.png

Where’s the beef?
Drought takes no prisoners. As lawmakers ponder channeling ocean water to the Great Salt Lake, the Federal Bureau of Land Management and Utah’s School and Institutional Trust Lands Administration (SITLA) want to drill water wells near the monument National Bears Ears Because Livestock Are Suffering. The idea, according to The Salt Lake Grandstand, is to move livestock to the new wells. But Laura Welp of the Western Watersheds Project says this will only degrade more land. She wants more riders on the range to move the animals. Other concerns include drawing water from springs and other wells, thus encouraging more livestock. There are 23 wells already approved, and the public can comment on more until June 24. Nobody wants to see the poor cows die, but maybe it’s not growing the industry?

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Just let them teach
If you’re old enough, you might remember taking civics classes in high school. If you’re from a newer generation, Utah likes to think of civics as teaching kids to be nice. Maybe a little more than nice, but it’s really about “values” rather than facts. “Some teachers in Utah fear repercussions if they teach basic civics content, skills, and dispositions,” a UVU scholar wrote in the Desert News.Education Then put it in partisan terms. The “left and right were divided on whether a ‘common’ set of values ​​could be fully identified and so universally accepted as to warrant a place in civics education”. Meanwhile, adults in Utah can’t even tell you what’s in the First Amendment or what the three branches of government are. It is not possible to codify values, but it should be possible to teach civic education.

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Salt lakes real estate

Commercial real estate title NFT mints in Utah

Salt Lake City – Future House Studios, a Utah virtual reality and Metaverse company, showed its commitment to the future of blockchain technology by hitting its office act as NFT, the first time a building office space was put on blockchain and the first time using a new legal model that promises to allow real estate to remain and transact on blockchains indefinitely with dramatically reduced transaction costs.

Those in the space know that blockchain innovation is coming to real estate. Several residential properties have transacted on the blockchain over the past two years. However, obstacles remained. These previous models required the use of a legal entity, such as a limited liability company, to hold title to the property. This required owners to pay an annual maintenance or franchise tax, which generally produced undesirable tax consequences for owners and limited the insurability of titles.

A group of Harvard-trained blockchain lawyers and software engineers created TruMint to make the legal sale of real estate as easy as transferring any other NFT, with added security measures, and in a way that all real estate purchase requirements are met. in all 50 states. William Barlow, a cryptography lawyer and co-founder of TruMint, said: “We have created a legal vault that effectively places real-world title in cold storage which then allows a ‘digital deed’ NFT to transact on-chain indefinitely. At any time, the NFT holder can retrieve the real-world title by returning the NFT “key” to the vault. This method will significantly reduce the cost and hassle of selling and buying real estate. It’s as simple as electronically signing transfer documents and then transferring the NFT from one wallet to another.

This step is just an extension of what Future House Studios was already doing to show its commitment to blockchain technology. Future House Studios Founder Adam Sidwell explained “in the near future, our office will exist as a 3D world where remote team members from LA to NY to Brazil and around the world can come to collaborate and work with the site, en -members of the office team in a metaverse. We are truly a studio built in the metaverse. As an extension of this commitment, we have worked with TruMint to mint our company’s office title in an NFT that we hold in a wallet and can transfer to the blockchain.

Ephraim Olson, Utah tax and crypto attorney and co-founder of TruMint, said, “We are excited to be working with Future House Studios to creatively leverage blockchain technology to make it easier to sell and buy goods. real estate. Our companies both believe in this technology and that it will be the future of real estate transactions. We believe the solution we have developed will revolutionize the way real estate transactions are conducted and potentially allow ownership of any real-world asset to be recorded on a public blockchain and then transferred, bought and sold. indefinitely, with greater efficiency and at lower cost.

Studios of the future house

Future House Studios is an award-winning Metaverse creative company. The studio has assembled a team of artists and engineers from top film, game, and VR studios including IndustrialLight+Magic, Weta, Disney, Epic Games, Microsoft, Activision-Blizzard, Electronic Arts, Digital Domain, Within, etc. Future House team members have extensive experience creating blockbuster movies, AAA games, virtual entertainment, virtual reality and augmented reality experiences, hit TV series and commercials, and even virtual concerts for Sonic the Hedgehog and Steve Aoki, Kaskade, and supported Wave on the Justin Bieber, Weeknd and Teflon Sega virtual concerts. Future House also created metaverses for George W. Bush and George Clooney. Anyone interested in learning more about Future House Studios should contact Adam Sidwell at [email protected]

TruMint

TruMint is a blockchain technology company at the forefront of moving real estate and real estate transactions to blockchain in a sustainable and permanent way. Anyone interested in exploring real estate deployment on the blockchain or better understanding the technology should contact the TruMint team at [email protected]

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Salt lake city

Construction of an urban forest is expected to alleviate the inequalities of Salt Lake City’s heat island effect

Temperatures in Salt Lake City are rising and this will affect some residents more than others. Amy May, executive director of the nonprofit TreeUtah sees it as the result of the city’s inequitable urban forest.

“Much like everything in Salt Lake, the west side neighborhoods have been neglected over time,” she said.

Trees improve air and water quality, improve mental health, reduce energy consumption, and reduce heat — but the tree cover west of I-15 is much sparser than on the East Coast.

With few trees and a high concentration of roadways, buildings, and other surfaces, the average ground temperature is significantly higher than in most other regions.

People of color and low-income residents also disproportionately live in areas with fewer trees, according to the city’s Urban Forest Action Plan.

As climate change drives temperatures up, Tony Gliot, director of the city’s urban forestry division, said the issue is becoming more urgent.

“Neighborhoods with less canopy will be impacted more by rising temperatures and inclement weather,” he said. “They’re going to be tougher – they’re tougher places to live already.”

Salt Lake City is already working to alleviate inequity in urban forests, including an initiative to plant at least 1,000 trees on the West Side each year. City officials are also working on the Urban Forest Action Planwhich will outline ways to equitably improve and expand the city’s tree-lined landscape and ecosystem.

“There’s a saying in forest circles that the best time to plant a tree was 30 years ago,” Gliot said. “The next best day is today.”

As the city plants more trees, residents won’t feel the most significant effects for years. The profit from each new tree, Gliot said, will grow exponentially over time.

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Utah economy

Stocks tumble worldwide as bear market looms on Wall Street

NEW YORK (AP) — Fears of a possible recession hit markets on Monday, and Wall Street’s S&P 500 fell into the jaws of what is being called a bear market after falling more than 20% below from its record set earlier this year.

The S&P 500 fell 2.4% on the first opportunity for investors to trade after having the weekend to ponder the startling news that inflation is getting worse, not better. The Dow Jones Industrial Average was down 530 points, or 1.7%, at 30,876 as of 12:37 p.m. EST, and the Nasdaq composite was down 2.9%.

The center of attention on Wall Street was once again the Federal Reserve, which is struggling to control inflation. Its main method is to raise interest rates to slow the economy, a blunt tool that risks a recession if used too aggressively.

With the Fed seemingly compelled to get more aggressive, prices have fallen for everything from bonds to bitcoin, from New York to New Zealand, with the biggest winners of the first pandemic often taking the heaviest hits.

Some traders are even speculating that the Fed could raise its main short-term interest rate by three-quarters of a percentage point on Wednesday. That’s triple the usual amount and something the Fed hasn’t done since 1994. Traders now see a nearly 33% chance of such a mega-rise, up from just 3% a week ago. , according to CME Group.

No one thinks the Fed will stop there, with markets bracing for a continued streak of bigger-than-usual increases. That would come on top of some already discouraging signals about the economy and corporate earnings, including a record early reading on consumer sentiment that has been soured by high gasoline prices.

It’s a sharp turnaround from the start of the pandemic, when central banks around the world cut rates to record lows and took other measures that supported stock prices and other investments in the world. hope of reviving the economy.

These expectations are also driving US bond yields to their highest levels in years. The two-year Treasury yield climbed to 3.19% from 3.06% on Friday night, its second consecutive major move higher. It has more than quadrupled this year and reached its highest level since 2008.

The 10-year yield has risen from 3.15% to 3.32%, and the higher level will make mortgages and many other types of loans for households and businesses more expensive. It has more than doubled this year.

The spread between two-year and 10-year yields also narrowed, a sign of waning optimism about the economy in the bond market. If the two-year yield exceeds the 10-year yield, some investors see this as a sign of an impending recession.

The market pain was global as investors braced for more aggressive moves from a coterie of central banks.

In Asia, the indices fell by at least 3% in Seoul, Tokyo and Hong Kong. Shares there were also hurt by concerns over COVID-19 infections in China, which could prompt authorities to resume tight restrictions that are slowing business.

In Europe, the German DAX lost 2.4% and the French CAC 40 fell 2.7%. %.

Some of the biggest hits have come from cryptocurrencies, which soared at the start of the pandemic when record high interest rates encouraged some investors to pile into riskier investments. Bitcoin fell more than 14% from the previous day and fell below $23,973, according to Coindesk. It is back to where it was at the end of 2020 and down from a high of $68,990 at the end of last year.

On Wall Street, the S&P 500 was 20.6% below its record set at the start of the year. If it ends the day more than 20% below that high, it would enter what investors call a bear market.

Bears are hibernating, so bears represent a pullback market, said Sam Stovall, chief investment strategist at CFRA. By contrast, Wall Street’s nickname for a booming stock market is a bull market, as the bulls charge, Stovall said.

The last bear market was not that long ago, in 2020, but it was exceptionally short and only lasted about a month. The S&P 500 approached a bear market last month, briefly dipping more than 20% below its all-time high, but it did not end a day below it.

It would also be the first bear market for many novice investors who got into stock trading for the first time after the onset of the pandemic, a time when stocks largely appeared to be going up. That is, they did so until inflation showed that it was worse than just a “transient” problem as originally portrayed.

Michael Wilson, a strategist at Morgan Stanley who is among the more pessimistic voices on Wall Street, sticks to his view that the S&P 500 could fall to 3,400 even if the U.S. economy avoids a recession during the next year.

That would mark another drop of around 10% from the current level, and Wilson said it reflects his view that Wall Street’s earnings forecast is still too optimistic, among other things.

Soaring price tags in stores are worsening sentiment among shoppers, even those with high incomes, Wilson said in a report that ‘the next shoe to drop is a discount cycle’ as companies try to eliminate inventory accumulated.

Such moves would reduce their profitability, and the price of a stock goes up and down largely on two things: how much cash the company generates and how much an investor is willing to pay for it.

Fed moves play an important role in this second part, as higher rates make investors less willing to pay high prices for risky investments.

Deutsche Bank economists said they expect the Fed to raise rates more than usual on Wednesday, again in July, then again in September and a fourth time in November. Just a week ago, before Friday’s wake-up call for an inflation report, Wall Street was debating whether the Fed might pause rate hikes in September.

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Salt lake city government

Iraq’s ‘Pearl of the South’ Lake Sawa dries up amid water crisis

Hussam al-Aqouli remembers the exact spot along Lake Sawa in southern Iraq where his two daughters dipped their feet in the clear waters. Now he stands there two years later and the barren land is cracking beneath him.

This year, for the first time in its centuries-old history, the lake has dried up. A combination of mismanagement by local investors, government neglect and climate change has reduced its azure coasts to pieces of salt.

Lake Sawa is just the latest casualty in this vast nationwide fight against water shortages that experts say are induced by climate change, including record rainfall and consecutive droughts. Pressure on water resources is intensifying competition for the precious resource between businessmen, farmers and herders, with the poorest Iraqis among those most affected by the disaster.

“This lake was known as the pearl of the south,” said al-Aqouli, 35, from the nearby town of Samawa, looking out over the dry cavernous void. “Now this is our tragedy.”

Between the capital Baghdad and the oil-rich heartland of Basra, Muthanna is one of Iraq’s poorest provinces. The number of people living below the poverty line in the province is almost three times higher than the national average.

Desert expanses dominate the landscape with a narrow strip of farmland along the Euphrates in the north. Economic development has been hampered by the country’s turbulent history, neglected by Baath Party rule since the 1980s, and later by wars and sanctions.

Locals call the area surrounding Lake Sawa “atshan” – or simply “thirsty” in Arabic.

Formed on limestone rock and dotted with gypsum formations, the lake has no inlet or outlet and the source of its waters has mystified experts for centuries, fueling fantastical folklore and religious tales that locals recite like a historical fact.

Al-Aqouli spent his childhood frequenting the lake with his family. He hoped to be able to do the same when he started a family, he said. Instead, he spends his days on social media writing long blog posts and urging Iraqis to take action. Often he feels hopeless.

The lake rises 5 meters (16 feet) above sea level and is approximately 4.5 kilometers (3 miles) long and 1.8 kilometers (1 mile) wide.

Lake Sawa appears in some ancient Islamic texts. The lake is said to have miraculously formed on the day Prophet Muhammad was born in 570 AD. Thousands of religious tourists have visited the site each year to immerse themselves in its sacred waters, which they believe to be blessed by God.

The rich mineral deposits of the lake are also believed by some to be a cure for the skin diseases prevalent in historically neglected Muthanna.

Locals say the drying up of Lake Sawa’s waters portends the return of Imam al-Mahdi, a revered figure in Shia Islam and a descendant of the Prophet.

“It means the end times are near,” al-Aqouli said jokingly.

For environmentalists, doomsday predictions may not be far off.

Studies have shown that the lake is fed by underground water sources through a system of fissures and fissures. It can also receive rainwater from the surrounding valleys, and heavy rains in recent years have caused flash floods.

“Water degradation started more than 10 years ago, but this summer was the first time we lost the entire wetland,” said Laith Ali al-Obeidi, an environmental activist from southern ‘Iraq.

Experts say the lake hasn’t dried up for good, but its disappearance this year is a worrying consequence of thousands of illegal wells dug by businessmen in nearby cement plants and manufacturing areas, due drought and diminishing waters along the nearby Euphrates.

In early June, water began to reappear because farmers, having finished with the harvest season, stopped diverting groundwater.

Mounds of salt line the road to the river in Muthanna province and are watched over by enterprising locals who extract it by diverting groundwater and digging wells. Salt is used as a raw material in various industries in the region.

Mortadha Ali, 45, is involved in the salt trade in Muthanna. He blames years of government neglect in the province for the disappearance of Lake Sawa. “They should provide jobs for people, so they don’t have to dig wells to make a living,” he said.

Enforcing the closure of illegal wells and additional protective measures would have reversed the decline of Lake Sawa, said Aoun Diab, an adviser at the Ministry of Water Resources. But these would have directly affected the economic interests of provincial officials.

This disrupted a delicate and interdependent ecosystem supported by the rare desert oases.

Species of fish, unfit for human consumption, served as food for various vulnerable migratory birds that stayed along its banks. Once the fish are gone, the birds will also have to divert their seasonal passage or perish, al-Obeidi said.

And the future is about to bring more difficulties, with alarming predictions of increased water stress. The Ministry of Water Resources said water levels were down 60% from last year in 2022.

Lake Sawa is “a case study in climate change in Iraq”, al-Obeidi said. “It’s the future.”

But the lake is also a ghost of its glorious past.

The only body of water near the town of Samawah, the region had thousands of tourists a year. Their trash – discarded water bottles, soda cans and flip flops – lingers along the parched shores as an ode to what the impoverished region has lost.

Vacation facilities built decades ago are half finished. Most were looted after the Gulf War in the 1990s and then after the US-led invasion in 2003 that toppled dictator Saddam Hussein.

In 2014, Lake Sawa was named a Ramsar site, an international designation for important wetlands, becoming a rare area in need of protection. A large billboard marking the occasion overlooks the site. Local authorities hoped this would boost tourism and government resources to resume development in the area. Plans have been drawn up to pave the roads and walkways around the lake, as well as power lines and water projects.

In the end, these didn’t transpire.

The hot air was heavy as al-Aqouli took one last look at the lake before leaving.

“Believe me, it was beautiful,” he said.

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Salt lake city

2 seriously injured in Salt Lake after SUV hits broken down car

Two people were seriously injured Saturday night after their disabled vehicle was hit on I-215. (Steve Griffin, Deseret News)

Estimated reading time: less than a minute

SALT LAKE CITY – Two people were seriously injured Saturday night after their disabled vehicle was hit on I-215.

At around 10:04 p.m., a vehicle was pinned down and blocked the center lane of westbound I-215 near 1500 west, the Utah Highway Patrol said. Three passengers and a driver were inside the vehicle. Two of them got out and ran to the side of the road for safety “as the driver of the disabled vehicle leaned out the driver’s side window to warn traffic with the light on his mobile phone “.

An SUV then struck the rear of the disabled vehicle, throwing the driver of the disabled vehicle, the soldiers said.

The driver and passenger were taken to hospital in “extremely critical condition”, the soldiers said.

The driver of the SUV was slightly injured. Soldiers are investigating whether this driver was under the influence at the time of the crash.

Ashley Imlay covers state politics and breaking news for KSL.com. A lifelong Utahn, Ashley also worked as a reporter for the Deseret News and is a graduate of Dixie State University.

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Utah economy

Letter: Watching my hometown Ogden from afar | News, Sports, Jobs


Recent Standard-Examiner articles on “elimination of free parking” in downtown Ogden have me wondering where Mayor Caldwell’s negative ideas came from!

My hometown is a wonderful place. Over the years, Ogden has had to reinvent itself. Since my youth (born in 1938), a railroad switching center, with a strong, vibrant, friendly industrial base and an economic powerhouse of Utah with its stockyards, meatpacking plants, canneries, mills in cereals, a dynamic business district in the city center and its military bases; Ogden was a wonderful place to live.

When the business strategies of all businesses changed and closed in the 70’s, retail businesses left town, clothing manufacturers, Utah Knitting closed, Ogden had to reinvent itself! The global supply chain of manufactured items needed by consumers has shifted to Asia and elsewhere.

The city father’s economic plan at the time gutted the downtown area, and so the “Ogden City Mall” emerged and lasted for about 20+ years. A nice place!

Mall stalwarts Weinstock’s, ZCMI, JC Penney’s and The Bon Marche all disappeared due to crime in the mall and again a change in economic business decisions at the time, which was also affected by severe economic downturns in the US economy.

Today, the junction has replaced the mall but never in the dynamism of the mall. Other downtown competitors emerged – the Newgate Mall and presently Davis County Station Park limited the junction’s true economic strength and success.

Now the mayor and council have ideas to further limit the success of businesses in “all areas” of the city center with the return of parking meters! This idea, if it comes to fruition, will again erode the downtown area. The Mayor and Council need to consider the negative impact this idea will have on the continued revitalization of Ogden’s central core. Competitors outside the city center all have “free parking”. I challenge the Mayor and City Council to think ‘outside the bun’ and find other ways to create needed revenue and not penalize small businesses downtown and prevent potential customers from do business in the central business hub of Ogden! Ogden has reinvented itself too often.

William Lythgoe

layton



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Salt lake city government

Thousands of people take to the National Mall to demand changes to the gun law

WASHINGTON (AP) — Thousands of people packed the National Mall for the most high-profile nationwide protest on Saturday, marking another push for gun control after the recent mass shootings in Uvalde, Texas, Buffalo, New York, which activists say should compel Congress to act.

Organizers hoped the second March for Our Lives rally would attract up to 50,000 people to the Washington Monument. Although this was far less than the original 2018 march that filled downtown Washington with over 200,000 people, they decided to focus this time on smaller marches in around 300 locations.

Despite the rain in the nation’s capital, dozens of people took to the monument grounds long before the rally began, holding up signs, including one that read “Children are not replaceable, senators are.” Vote.” A school-aged girl carried a sign that read, “I want to feel safe at school.”

“We want to make sure this work happens across the country,” said Daud Mumin, co-chair of the walk’s board of directors and a recent graduate of Westminster College in Salt Lake City. “This job isn’t just about DC, it’s not just about senators.”

The first march was spurred by the February 14, 2018 killing of 14 students and three staff by alumnus of Marjory Stoneman Douglas High School in Parkland, Florida. This massacre sparked the creation of the youth-led March For Our Lives movement, which successfully pressured the Republican-dominated Florida state government to pass sweeping gun control reforms. fire.

Gun restrictions advocacy group March For Our Lives holds a rally on the National Mall near the Washington Monument in Washington. (BOWL)

Parkland students then took aim at gun laws in other states and nationally, launching March for Our Lives and holding the big rally in Washington on March 24, 2018.

The group did not match Florida’s results nationally, but has persisted in advocating for gun restrictions since then, as well as participating in voter registration drives.

Now, with another round of mass shootings bringing gun control back into the national conversation, organizers of this weekend’s events say the time has come to renew their push for a national overhaul.

“Right now, we’re angry,” said Mariah Cooley, March For Our Lives board member and senior at Howard University in Washington. “It will be a demonstration to show that we as Americans are not going to stop anytime soon until Congress does its job. And if not, we will eliminate them.

The protest comes at a time of renewed political activity on guns and a crucial time for possible action in Congress.

Survivors of mass shootings and other incidents of gun violence lobbied lawmakers and testified on Capitol Hill this week. Among them was Miah Cerrillo, an 11-year-old girl who survived the shooting at Robb Elementary School in Uvalde, Texas. She described to lawmakers how she covered herself in the blood of a dead classmate to avoid being shot.

On Tuesday, actor Matthew McConaughey appeared in the White House briefing room to push for gun legislation and made some very personal remarks about the violence in his hometown of Uvalde.

The House passed bills that would raise the age limit for buying semi-automatic weapons and establish federal “red flag” laws. But such initiatives have traditionally stalled or been heavily watered down in the Senate. Democratic and Republican senators had hoped to reach an agreement this week on a framework to address the issue and spoke about it on Friday, but they had not announced a deal.

Mumin said the goal was to send a message to lawmakers that public opinion on gun control was shifting beneath their feet. “If they are not on our side, there will be consequences – rejecting them and making their lives hell when they are in power,” he said.

___

Associated Press writer Ian Mader in Miami contributed to this report.

Copyright 2022 The Associated Press. All rights reserved.

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Salt lakes real estate

Battle over affordable housing, preservation takes hold in new Salt Lake neighborhood

Yalecrest Ward Council President Janet Hemming speaks about a citywide affordable housing plan during a meeting at Bonneville Elementary School Thursday night. The plan will not affect neighborhood zoning. (Carter Williams, KSL.com)

Estimated reading time: 6-7 minutes

SALT LAKE CITY – Yalecrest, on the east side of Salt Lake City, is a quiet, folksy neighborhood essentially nestled in the scenic foothills that rise above.

The neighborhood’s winding streets are dotted with English Tudor and English Cottage single-family homes and pleasant scenery. It’s a slice of the American Dream that has remained untouched for so long that it’s listed on the National Register of Historic Places.

It’s also at the center of a new city affordable housing plan that could upend much of the neighborhood through rezoning.

That possibility is why more than 100 residents crowded the gymnasium at Bonneville Elementary School on Thursday to voice their opinions on the matter; the majority of people who showed up seemed to be against the plan.

“It’s an issue that affects a lot of people,” said Janet Hemming, president of the Yalecrest Neighborhood Council. “At the end of the day, there’s a right way and a wrong way to create affordable housing and that’s the wrong way, in our view.”

Need an affordable housing plan

Affordable housing is certainly something that has been on the minds of leaders in Salt Lake City and Utah over the past few years. The median sale price of all homes in Salt Lake City rose from $259,000 in 2015 to $481,750 in September 2021, an increase of 86%.

Nigel Swaby, a Salt Lake real estate expert and member of the Fairpark Community Council, said there were many reasons why Salt Lake City — and Utah in general — found itself in this predicament. While he hears all the time that California, investors, corporations and rental housing tech companies are driving the price hike, he says Utah’s high birth rates, zoning laws and community opposition also play a role.

Another problem is the lack of condominiums. That, he said, came after the Great Recession led to thousands of condo foreclosures, likely prompting developers to focus primarily on new apartments over the past decade. The COVID-19 pandemic has only added fuel to the affordability fire.

Whatever the cause, soaring housing prices prompted Salt Lake City Mayor Erin Mendenhall to focus on the issue during her State of the City Address earlier this year. The city then needed about 18,000 affordable housing units. The mayor said the massive shortage is why the city needs to come up with “creative” solutions to the problem.

The Salt Lake City Planning Commission then unveiled the draft proposal for a new affordable housing incentives plan last month. It highlights Yalecrest and the neighborhoods surrounding it as one of the main areas for single-family and two-family plots, which would be rezoned into larger properties that would essentially double the area’s population.

The plan could result in three or four family houses with a maximum height of three floors. Since the neighborhood is close to a few public transit options, areas closest to 15-minute buses are more likely to be adjusted. There are also restrictions on 30-year deeds aimed at keeping all new construction affordable.

“It’s not massive density,” Swaby said, stifling questions from residents that the neighborhood might end up like places closer to downtown.

A community reaction

However, several residents have still expressed concerns about what this means for their homes and even for the history of the neighborhood listed on the Historic Register in 2007. This listing does not guarantee that some historic homes will survive the new code, Lynn said. Pershing, the founder of an organization called KEEP Yalecrest.

She said it is possible to add historic protections to the neighborhood, but this must be approved by the majority of residents in the neighborhood and then by city leaders. Meanwhile, local attorney and Yalecrest resident Brian Burnett said he was unsure how the city would be able to enforce restrictions on deeds that would keep housing affordable.

Hemming added that the city should also start to consider the water shortage, as it also plans to add more housing, given the extreme drought the city still faces and the uncertainties of change. climatic.

None of the expert guest speakers were involved with the plan itself or the planners. A Salt Lake City spokesperson said the city’s planning director attended the event to listen to public comment, though city leaders say they weren’t invited to to participate.

A panel of neighborhood experts listen to questions from Yalecrest residents during a meeting at Bonneville Elementary School in Salt Lake City Thursday night.
A panel of neighborhood experts listen to questions from Yalecrest residents during a meeting at Bonneville Elementary School in Salt Lake City Thursday night. (Photo: Carter Williams, KSL.com)

Not everyone at Thursday’s meeting was against the plan either. Atticus Edwards, a 25-year-old man who said he has lived in the neighborhood his entire life, spoke of Salt Lake City’s darker history of covenants banning minorities from living in single-family homes in the area. Utah is still in the process of removing racist language from old property records across the state.

He caused a stir at the meeting by asking what neighborhood residents are willing to do now to help affordable housing given this history.

Community leaders in Yalecrest say they appreciate efforts to tackle soaring house prices, but they don’t believe the plan they’ve seen so far is the answer. Their concerns are not the result of NIMBYism, argues Hemming.

“We want to get to ‘yes’. We’re not obstructionists; we’re just trying to be good citizens and point out some of the problems, some of the damage,” she said. “We hope we had a good discussion together. We can improve it and make it better and (have something) that we can all agree on and move forward.”

What happens next?

The Salt Lake City Planning Commission is not expected to receive an update on the affordable housing plan until this fall, according to the city’s website. The Salt Lake City Council must also vote on it before it goes into effect.


If we don’t (speak loudly), it will just pass and people will find out.

–Janet Hemming, Yalecrest Ward Council President


Concerns about this process also emerged during the meeting. Burnett said he took the proposal to Mendenhall after an altercation with her shortly after the plan was produced, alleging the mayor mocked her feelings about it.

“She’s going to get this through even if it’s representative government,” he said, as some gasped and groaned in the audience. “Although, in my community council, people were against it too much. I think she really intends to push this through.”

A spokesman for Mendenhall’s office was unable to confirm this run-in, but disagreed with the statement, saying the mayor is “certainly supportive and committed to the process of public consultation on these questions,” in a statement to KSL.com.

As the city continues to gather feedback on the housing plan, Hemming says it is hosting events similar to Thursday’s at nearby community boards in the coming weeks. Its goal is to bring the plan to residents while the city is still in its public consultation process – before it is approved by city leaders.

“If we don’t (talk), it’s just going to pass and people are going to find out,” she said. “We hope there will be a lot of changes. We hope the city listens to its people.”

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Latest Salt Lake County Articles

Carter Williams is an award-winning journalist who covers general news, the outdoors, history and sports for KSL.com. He previously worked for the Deseret News. He is a transplant from Utah via Rochester, New York.

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Salt lake city

🌱 SLC Cool Zones + Ballpark Station Zone Map + Christmas Store Removals

Welcome to Salt Lake City! I’m here in your inbox today to keep you up to date with everything you need to know about what’s happening in town. Because community news matters! Let’s dive in…


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Here are today’s top stories in Salt Lake City:

  • Utah Division of Wildlife Resources: “After the first case of bird flu was confirmed in wild birds last month, we have now confirmed that the virus has spread to two foxes. Read more about the new cases: bit.ly/3NBYP6z” (Utah Division of Wildlife Resources via Facebook)
  • Salt Lake City International Airport (SLC): “SLC International Airport has been named the winner of the 2022 Richard A. Griesbach Award for Excellence in Airport Concessions. The award is the highest honor bestowed by the Airports Council International of North America (ACI-NA) to recognize airport concessions.The new SLC Airport Concession Program has been touted for raising the bar for passengers, concessionaires and airlines by accommodating varying tastes, dietary restrictions and price points so that no passenger is left behind.Salt Lake City International Airport (SLC) via Facebook)
  • The University of Utah: “You may have seen house builds happening on the south side of the @uofu_arch building. This is the work of students from the @designbuildsaltlake program who are building a tiny house in collaboration with @theothersidevillage this summer.” (The University of Utah via Facebook)
  • CAWS-Salt Lake City: “Help! Sweet little Maverick arrived at CAWS just 4 weeks old from a rural shelter in Utah. This tiny little kitten arrived terribly ill with an upper respiratory infection, sticky eyes that were glued together and was struggling to breathe. In addition to all of his life-threatening illnesses, this toddler boy also has a badly damaged eye that needs to be removed as soon as possible! We need help with the cost of his treatment so that we can Putting him back in good health and in a loving adoptive home can be done online at caws.org, or via venmo @caws-ut (slide to business).” (CAWS – Salt Lake City via Instagram)
  • US National Weather Service Salt Lake City Utah: “A fire weather watch has been issued for much of southern and eastern Utah between Price and Lake Powell for Sunday due to gusting southwesterly winds between 20 and 30 mph and low relative humidity between 9 and 12%. Conditions are likely to improve for northern areas on Monday. , but persist further south.” (US National Weather Service Salt Lake City Utah via Facebook)

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You are officially informed for today! I’ll be in your inbox tomorrow with your next update.

Joanne Gallo

About me: Joanne Gallo has been a writer/editor for over 30 years. After earning a BA in Journalism and an MA in Writing from NYU, Joanne served as editor for various consumer publications, including editor for Soap Opera Weekly, editor for Energy Times, and editor for The Johns. Hopkins White Papers.

Got a news tip or suggestion for an upcoming Salt Lake City Daily? Contact me at [email protected]

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Utah economy

Here’s how the US is ‘redefining the whole state of bilateral relations’ with China

Astrid Tuminez, president of the University of the Valley of Utah, speaks to attendees ahead of the China Challenge Summit at the University of the Valley of Utah in Orem on Thursday. Business leaders, foreign affairs experts and national security policy professionals gathered at UVU on Thursday to discuss strategic insights and tactical advice on how the United States can operate in symphony. with China in the current global environment. (Laura Seitz, Deseret News)

Estimated reading time: 7-8 minutes

OREM – China’s economy is poised to become the most powerful in the world with a coordinated goal of overtaking the United States in its rise to the top.

In addition to being the United States’ third-largest trading partner, China also has an eye on the Beehive State and its booming economy.

Utah’s merchandise exports to China grew 31% in 2021, to $1 billion, the U.S. China Business Council said Thursday.

While the Chinese economy is booming, the relationship between China and the United States is barely on the spot, thanks in large part to President Xi Jinping’s personal assumption of all major levers of power in China. China.

His heavy hand may not be leaving anytime soon either.

“He’s a leader who deeply believes in the ideology he was raised with,” said Matt Pottinger, a former deputy national security adviser for the United States.

Business leaders, foreign affairs experts and national security policy professionals — to the tune of 1,200 in-person and virtual attendees — gathered Thursday at Utah Valley University to discuss this challenge, as well as strategic insights and tactical advice on how the United States can work in symphony with China in today’s global environment.

State of US-China Relations

Jon Hunstman Jr., former US ambassador to China during the Obama administration and former governor of Utah, said the United States was currently “redefining the whole state of bilateral relations” with China. China.

This relationship is also “by far” the most important the United States has with any country in the world, said Nicholas Burns, current US ambassador to China.

This is largely due to what he described as the level of competition and interaction between the two powers when it comes to respective economies and societies.

“I’m sorry to say, I think the relationship is in really tough shape,” Burns said. “This is a very difficult time… We Americans do not believe that China plays by the rules of economy and trade and that this is unfair to our businesses and our workers, as well as to the American public and our economy. .”

Burns described China as breaking the rules and “pushing” for power over the United States – and its allies like Japan, Australia, South Korea, Thailand and the Philippines – both military as well as economic and technological.

World Trade Center Utah President and CEO Miles Hansen and Utah Valley University President Astrid Tuminez speak to reporters ahead of the China Challenge Summit at Utah Valley University in Orem on Thursday .
World Trade Center Utah President and CEO Miles Hansen and Utah Valley University President Astrid Tuminez speak to reporters ahead of the China Challenge Summit at Utah Valley University in Orem on Thursday . (Photo: Laura Seitz, Deseret News)

“I think you and I would assume we’re going to have trade competition, that’s fair,” Burns told Huntsman. “But the Chinese are looking to weaponize many of these technologies and that presents a real challenge for us.”

China, Burns said, has ambitions to become the most powerful power in the Indo-Pacific region and it will make great, sometimes illegal, efforts to expand its military presence.

“Taking land, taking islands and militarizing them against international law – they are doing it,” Burns said.

Other fundamental differences between the two countries also exist, Burns said.

Namely, the United States has an unwavering faith in democracy and the freedom of the people.

“The government here (in China) doesn’t do that,” Burns said. “It’s a deep divide and I think we feel it quite strongly in our mission that our job is to defend the United States and our people.”

American priorities in the Chinese relationship

As competitive as China has been in trying to flex its metaphorical muscles on the United States, Burns said it was imperative that the United States address that competitiveness “head on.”

“We’re in a largely competitive mode here with the Chinese,” Burns said.

For a country that seems to side with the United States, how could America, as a divided country, hope to respond?

When it comes to China, Burns said, the United States isn’t as divided as it is in other policy areas.

“There is no identical fuse between the two political parties or between, say, conservatives and liberals,” Burns said. “There is, I think, a consensus that we are in a different mode now. That the Chinese government is much more assertive than it was 10, 15 or 20 years ago against the interests of the United States.”

“Republicans, Democrats (they) don’t agree on much these days on Capitol Hill, but they agree on China,” Burns said.

Ruth Todd, senior vice president and chief reputation officer at Nu Skin, Matt Pottinger, former deputy national security adviser, Glenn Tiffert, researcher at the Hoover Institution, and Lingling Wei, chief China correspondent for the Wall Street Journal , discuss the rise of China and its broad implications for the world order at the China Challenge Summit at Utah Valley University in Orem on Thursday.
Ruth Todd, senior vice president and chief reputation officer at Nu Skin, Matt Pottinger, former deputy national security adviser, Glenn Tiffert, researcher at the Hoover Institution, and Lingling Wei, chief China correspondent for the Wall Street Journal , discuss the rise of China and its broad implications for the world order at the China Challenge Summit at Utah Valley University in Orem on Thursday. (Photo: Laura Seitz, Deseret News)

It is a strength, he said, because the Chinese will “try to divide us”.

Moreover, Burns and Huntsman agreed that the United States must invest in itself if it is to compete effectively with China.

Burns pointed to the bipartisan $1 trillion infrastructure bill signed last year by President Joe Biden — the biggest infrastructure bill in a generation — as a positive step in making states United more competitive in the international field and compete with China in the long term.

Because of China’s ambition to become the strongest and most influential power in the Indo-Pacific region, the United States must also invest in and align with its allies, Burns said.

“I think that’s probably the most effective way in terms of foreign policy and defense to deal with the Chinese,” Burns said. “We don’t want to go to war with China, … we don’t want conflict – but we have to stand up and protect our security and our economic interests in this region and our allies are helping us do that,” against what he called an “increasingly aggressive China”.

Decoupling and moving into the future

Huntsman pointed to the trillion-dollar trade relationship between the United States and China, as well as the global supply chain that runs through it, referring to American manufacturing operations in China to introduce the idea of ​​decoupling into Thursday’s discussion with Burns.

“How far does this really go before it starts to negatively impact consumers in the United States and maybe even some of our allies and friends…who are all part of this business matrix which has been built over the last decades?” asked the hunter.

Burns said there is a $650 billion bilateral trade relationship between the United States and China.

Think about it. Many of the goods Americans consume and depend on every day come directly from China.

“Last year, American farmers and ranchers sold $38 billion worth of American agricultural (and) ranch products to China,” Burns said. “That’s one-fifth of all U.S. agricultural exports to the world, so there’s a degree of integration here that you can’t easily disentangle.”

Burns said while many try to accuse the United States of decoupling from China, in reality it is China leading the way.

He said China is trying to “look within” and develop its economy so that it no longer depends on the United States or other countries for its imports and trade.

On Thursday, people attend the China Challenge Summit at Utah Valley University in Orem.
On Thursday, people attend the China Challenge Summit at Utah Valley University in Orem. (Photo: Laura Seitz, Deseret News)

Huntsman and Burns also agreed that China sees Russia as a case study of why it is important to reduce reliance on supply chains and ensure they are not the “fall prey” to Western sanctions in the future, in the same way global sanctions that Huntsman says worked “brilliantly” impacted Russia after its invasion of Ukraine.

“China doesn’t want that to happen in a future scenario,” Burns said.

Additionally, Burns said the trend that has occurred over the past five to ten years in China toward increased authoritarianism and control demonstrated by the Communist Party of China will likely lead to Xi Jinping serving a third five-year term without previous as president.

“It’s very likely that he will rule this country (China) for the next five years and maybe even beyond,” Burns said.

That said, it is up to the United States to continue to invest in its allies and itself in the fight to maintain a bilateral relationship with China.

“You can see the impact this country has on the rest of the world just because of how powerful it is,” Burns said. “Another reason why we need to be complete here in the American mission, to represent our own interests and our own values.”

Pictures

Logan Stefanich is a reporter for KSL.com, covering Southern Utah communities, education, business, and military news.

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Salt lake city government

Eastern Utah man sentenced to prison for unlawfully killing bald golden eagles

An eastern Utah man has been sentenced to prison after pleading guilty in federal court earlier this year to unlawfully killing bald eagles and golden eagles. (Scott G Winterton, Deseret News)

Estimated reading time: 1-2 minutes

SALT LAKE CITY — A Utah man will spend time in jail after pleading guilty to killing at least 10 federally protected eagles and illegally possessing a firearm.

Michael Earl Yellow, 54, was sentenced to 46 months in federal prison on Wednesday after pleading guilty in February to being a felon in possession of a firearm and two counts of unauthorized taking of a eagle. Federal court records show Yellow lives on the Uintah and Ouray Reservation in eastern Utah, and the charges were based in Duchesne County.

Yellow was originally charged in 2018 with seven additional counts of unauthorized taking of an eagle, though those charges were dropped as part of a plea deal with prosecutors.

The plea agreement states that between August 2014 and August 2015, Yellow killed and possessed at least 10 bald or golden eagles without a permit. Yellow also admitted to owning a Mossberg 702 Plinkster .22 caliber rifle, which was illegal given that he is a convicted felon.

Yellow also confiscated several items from the government as part of the plea deal, including the Mossberg rifle, ammunition, and magazines. He was also required to turn over “four golden eagle carcasses; and an assortment of carcasses, bones and feathers,” the plea agreement reads.

Yellow’s court filing indicates he was in custody during Wednesday’s sentencing hearing. Once his prison term is over, he will not be placed on probation or supervised release. Court records indicate that Yellow will serve his prison sentence in Arizona, Colorado or Florida.

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Jacob Scholl joined KSL.com as a reporter in 2021. He covers northern Utah communities, federal courts, and technology.

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Salt lakes real estate

Why a major Chinese influencer was taken offline – Foreign Policy

welcome to Foreign Police‘s China Brief.

This week’s highlights: China’s censors pull a ecommerce influencer offline for a perceived reference to the Tiananmen Square massacre, Western officials say China is secretly building a naval base in cambodiaand Chinese leaders are concerned about the agricultural sector after weeks of confinement linked to COVID-19.

If you would like to receive China Brief in your inbox every Wednesday, please sign up here.

welcome to Foreign Police‘s China Brief.

This week’s highlights: China’s censors pull a ecommerce influencer offline for a perceived reference to the Tiananmen Square massacre, Western officials say China is secretly building a naval base in cambodiaand Chinese leaders are concerned about the agricultural sector after weeks of confinement linked to COVID-19.

If you would like to receive China Brief in your inbox every Wednesday, please sign up here.


Censors silence popular influencers

June 4, the anniversary of the 1989 Tiananmen Square massacre – in which People’s Liberation Army (PLA) forces killed hundreds, if not thousands, of protesters and crushed demonstrations across the country – is a difficult time in China. In Hong Kong, the public once freely commemorated the massacre. This year, authorities again used the national security law passed in 2020 to block rallies; six people were arrested.

In mainland China, the birthday has had an unexpected victim: e-commerce influencer Li Jiaqi, widely known as “Lipstick Brother” or “Lipstick King”. During a live broadcast on June 3, Li received a cake that looked like a tank. Censors quickly took the show offline, and it did not return, with Li’s team citing “technical difficulties”. Early June is prime time for online shopping ahead of June 18, the second busiest day in China for online sales. But Li’s name now returns blank results on search platforms, even on e-commerce sites.

Li and his team probably didn’t plan for the tank footage to coincide with the Tiananmen Square anniversary. Military equipment is often beautifully replicated in China, with even playgrounds bearing images of armored personnel carriers or helicopters; a cake that looks like a reservoir is not an unusual idea. Nor does Li’s track record suggest a willingness to burn his online empire for a token gesture. As his nickname suggests, Li specialized in selling cosmetics and rose to prominence a few years ago for marathon lipstick application sessions.

Streaming is a huge and competitive business in China. In 2019, Li was worth a few million dollars. But his popularity has skyrocketed during the coronavirus pandemic: he now has more than 40 million followers on Douyin, China’s version of TikTok, and he’s sold a record $1.9 billion worth of products through the leading platform. Taobao e-commerce in a single day last year. (It was Singles Day, the Chinese equivalent of Black Friday.)

Toeing the government line, last year Li shied away from promoting international products, doubled down on his patriotic language and encouraged his viewers to buy Chinese-made products. It seems the tank cake was an unfortunate coincidence that sensitive censors pounced on – a kind of paranoia that is common during tense times in Chinese politics. But the fact that neither Li nor his team spotted the potential error speaks to the success of the silence around Tiananmen. Successful Chinese influencers are sensitive to political dangers; Li hadn’t scheduled a live stream for June 4, suggesting he was at least aware it was a sensitive date.

However, many young Chinese are unaware that the Tiananmen Square Massacre happened. On diaspora social media, some nationalists claim that the students and workers who were killed were terrorists or that the violence was justified. But even these pro-government arguments are censorship within mainland China. Paradoxically, the censors’ paranoia may have made more people aware of the massacre, as they search still uncensored foreign forums or websites for details of what happened to Li.

It is unclear what will happen to the influencer. It could well return, chastened, to streaming in a week or two. But he was already vulnerable for other reasons, thanks to a government homophobic push that began last year. Li doesn’t talk about her personal life, except for her five Bichon Frizes. But in his public persona – a man selling women’s beauty products to an audience he addresses as “sisters” – he operates in an established but fragile space for artists who do not conform to conventional masculinity.

Li had so far dodged crackdowns on “non-male” artists and streamers. But in China under President Xi Jinping, the combination of tanks around June 4 and lipstick on men could bring down a marketing empire.


Secret naval base. The Washington Post reports that Western officials say China is secretly building a naval base in Cambodia, a close ally. The facility would be only the second overseas base for the PLA, following the construction of the base in Djibouti in 2017; like Djibouti, it appears to be relatively small, with room for only two ships.

Beijing has long backed Cambodian Prime Minister Hun Sen, who has cracked down on dissent since his government forcibly dissolved the country’s political opposition in 2017. That has raised fears among observers that Cambodia is too eager to appease China – a stark contrast to neighboring Vietnam, which stands at a distance from the government in Beijing.

Of course, Washington has little reason to criticize other countries for investing in overseas military bases or to chastise Cambodians for being skeptical of overtures from the United States, which has killed Cambodian civilians in campaigns. bombing sites during the Vietnam War. But the Chinese naval base is still likely to bolster military officials who fear Beijing’s expansion into Southeast Asia and the Pacific.

Is Eileen Gu American now? Olympic freestyle skier Eileen Gu, whose decision to join the Chinese Olympic team caused a stir this year, announced this week that she would be an ambassador for Salt Lake City‘s bid for the Winter Olympics. This decision brings back the scrutiny of Gu’s nationality. Chinese law does not allow dual nationality, but it seems likely that the Olympian kept her American passport. This has prompted complaints of special treatment in China – a resentment that has already boiled over against Gu online.

Threads about Gu’s decision to back Salt Lake City’s bid have racked up hundreds of millions of views, with some commenters accusing him of using China for financial gain and then backtracking to take advantage of states -United. Gu said she felt American in the United States and Chinese in China; but for a public figure, this kind of dual identity is difficult to maintain in intensified nationalism.

Shanghai’s lockdowns aren’t over. Although Shanghai has announced its “victory” over COVID-19 and reopening on June 1, the city is still experiencing regular closures of residential complexes and new neighborhood restrictions, with hundreds of people at a time sent to facilities. centralized quarantine. As Eyck Freymann and Yanzhong Huang argue in Foreign Police, China’s zero COVID policy is unlikely to end anytime soon. Sudden shutdowns are expected to persist across the country.

Mass testing gets less attention than lockdowns, but it’s a big drain on people’s time. I recently received two calls from people in China interrupted by health care personnel who knocked on the door demanding that residents come in for testing. Meanwhile, leaving China has become increasingly difficult despite a huge increase in interest in emigration among Chinese citizens.


Bring in the harvest. Although much attention has focused on restarting manufacturing, China’s political leaders appear preoccupied with agriculture in the wake of COVID-19 shutdowns that have left fields fallow. With rising world grain prices following the Russian invasion of Ukraine, the domestic harvest is even more critical.

Chinese Premier Li Keqiang, the contact person for logistics resumption, recently addressed wheat farmers via video and issued special instructions to prioritize harvesting, which begins as early as late May in the south. . China is unlikely to have food problems, but the Chinese Communist Party (CCP) is exceptionally sensitive to food price increases; Anti-food waste campaigns are one of Xi’s flagship initiatives.

Housing woes. Real estate continues to be a silent disaster for the Chinese economy despite numerous government efforts to boost the sector. New home sales have fallen for 11 consecutive months and hit a nadir in May, falling 56% from a year earlier. This has destroyed the fortunes of many developers and threatens to disrupt the economy; real estate accounts for about 29% of China’s GDP.

The crisis has political ramifications. The wealth of China’s top political families is deeply tied to the real estate sector, one of the areas where it is easiest to trade political attraction for economic gain. Between 2004 and 2016, companies linked to central CCP members were able to obtain discounts of around 55% on land compared to unconnected companies; local party secretaries who offered the discounts were more likely to rise to power.

Whose family fortunes are crumbling and who can make the best deals from the wreckage will largely depend on who wins the struggles to come as Xi cements his third term.

Inflation revives tariff fights. There are serious debates within the Biden administration over former US President Donald Trump’s China tariff waiver, prompted in part by serious corporate lobbying that argues the measure would boost the economy and would help fight inflation. But the unions argue otherwise, and while US President Joe Biden has expressed some openness to the idea, the arguments seem unlikely to be resolved anytime soon given the other crises.

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Salt lake city

Identity Matters | Arts & Entertainment | Salt Lake City

When I ask playwright Melissa Leilani Larson if it’s a good or bad thing to ask questions about racial identity when it comes to her play Mestiza or Mixed, she acknowledges that the question itself is about the complex relationship she has with her own racial identity. And the play is a way of struggling with that relationship.

“I feel like I’m in that in-between,” Larson says. “Because of my mixed identity, I’m coming to terms with being more comfortable identifying as a BIPOC person.”

Larson’s mixed heritage — an American-born and raised white father in southern Utah and a Filipina mother — is part of the foundation of Mesitza or Mixed. The playwright creates a counterpart for herself in protagonist Lark Timon, a struggling filmmaker whose career, defined mostly by disappointment, might get a big break, but which forces her to question her identity.

There is a bit of irony in the fact that Métis appears in the middle of a Plan-B Theater Company season that artistic director Jerry Rapier has promoted as the first-ever from a Utah company made up entirely of new works by playwrights of color. Rapier himself played a part in encouraging Larson to create the piece, she said when talking with him about feeling like she was in that “in-between place”.

“We started talking about it at the start of the pandemic,” Larson recalled. “He said, ‘You should put it in a play, it’ll be awesome. …Sometimes good theater is all about being vulnerable. But I thought, ‘I write dramas and my life is boring.'”

Shaping the story of Métis required him to “create drama for drama’s sake,” Larson says, but a lot of it came from a very personal place. She acknowledges that creating something that was so much closer to her autobiographically – unlike many of her theatrical and screenplay projects, which often involved historical figures – presented unique challenges.

“Cutting that vein stings a little more when you know people,” Larson says. “It’s more about me, and there are parallels between me and Lark. But some of them [the difficulty] was, ‘this is my family’, and that’s really hard. …It’s tricky, because while I think it’s probably fine to write about me once I get over that, it’s not as easy to write about people close to me from the same way.”

It’s important for her to note, however, that the autobiography can only be the start of something if it tells a story that an audience can connect with. Connect everything too a lot with yourself, as a writer, and you missed an opportunity to dig deeper.

“When you’re writing a character, creating that character is a very personal thing. Sometimes part of the writing process is asking yourself, ‘What would I do in this situation?’ Sometimes it’s just a placeholder; we don’t want all the characters to be me. … It’s about fleshing out the world and making everything as real as possible. I tried to take what I felt real and to move beyond that place to do something else and make that experience real for the audience.”

Part of creating a separate world for Lark in Métis placed less emphasis on the playwright’s own identity as a member of The Church of Jesus Christ of Latter-day Saints. Faith has had roles in many of his other works, including his screenplays for Freetown and Joan and Emma, and Larson has proven adept at approaching the subject of faith in a way that is neither simplistic nor encouraging for her church. For Métis, however, wanted to keep the focus on other elements of his identity. “I think you could argue that this family shares my faith,” she said, “but that didn’t affect that story, so it didn’t come up.”

In place, Métis stayed true to her roots by talking about parts of her identity that are not always easy to define simply. The complexity of the lines between races, especially when it comes to people of mixed race, is why Larson says it sometimes feels simplistic to him when people use the phrase “representation matters” related to artwork.

“It’s a phrase that gets used a lot now, and I’m glad to see more directors and actors of color coming to the fore and telling stories,” she says. “Sometimes it feels like when you talk about race, which is so nuanced and complicated for a lot of people, this very complicated issue comes down to the simplest common denominator.

“When people talk about the importance of representation, I didn’t really expect it, because I don’t see people who look like me. … When I think of my family, I don’t really seen a family that looks like mine. [portrayed in art]so maybe I have to build it myself.”

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Utah economy

Goldman Sachs predicts $140 oil as gas prices climb near $5 a gallon

The Bank of Wall Street now expects Brent crude oil prices to average $140 a barrel between July and September, up from its previous call of $125 a barrel. Brent is currently trading at around $120 a barrel.

Worse still, Goldman Sachs said summer retail gasoline prices are expected to climb to levels normally associated with $160 oil to reduce demand.

“A sharp price spike remains entirely possible this summer,” Goldman Sachs strategists wrote in a statement to clients.

Forecasts suggest the worst is far from over for consumers already struggling with high gas prices.

The national average price for regular gasoline jumped another five cents on Tuesday to a new record high of $4.92 a gallon, according to AAA. That’s up 30 cents over the past week and 62 cents over the past month.

“It’s driving me crazy. I’m watching this stuff right now – $5.99? Are you serious?” asked Cleavie Jordan, an MTA bandleader filling up her tank in Manhattan.

Thirteen states and Washington, DC already have an average gas price of $5 or more, with New Jersey, Massachusetts and Maine reaching that threshold on Tuesday. Ohio, Pennsylvania, Utah, and Idaho are only pennies away from $5.

Goldman Sachs is now asking for Brent oil to average $135 a barrel in the second half of this year and the first half of next year. That’s $10 more than the bank’s previous forecast.

“We believe oil prices need to rise further to normalize unsustainable levels of global oil inventories, as well as spare OPEC and refining capacity,” Goldman Sachs strategists wrote.

In March, Brent briefly hit a nearly 14-year high at $139.13 a barrel. But that turned out to be temporary as oil prices quickly retreated from there. Goldman Sachs is calling for a more sustained spike, where Brent would average $140 for the entire quarter.

That’s just below the $150 level that Moody’s Analytics economist Mark Zandi said would spell major trouble for the US economy.

“If oil prices hit $150, we’re going into a recession,” Zandi told CNN. “There is no way out.”

The bank did not say how high it expected gasoline prices to rise, saying only that oil prices needed to get so high they would cause demand to fall by 500,000 barrels a day to rebalance the market.

The U.S. Energy Information Administration also raised its forecast for oil, gasoline and natural gas prices on Tuesday, saying it no longer expects gasoline prices to come back down. below $4 a gallon by September.

“While we expect the current upward pressure on energy prices to ease, high energy prices will likely remain widespread in the United States this year and next,” the administrator said. of the EIA, Joe DeCarolis, in a statement.

For its part, the EIA now expects Brent crude to average $111.28 a barrel in the third quarter and $104.97 a barrel in the fourth quarter. That’s up from the EIA’s forecast a month ago for Brent at $103.98 and $101.66, respectively.

“We continue to see historically high energy prices due to the economic recovery and the fallout from Russia’s large-scale invasion of Ukraine,” DeCarolis said.

The good news is that the EIA does not expect $4 gasoline to be the norm until 2023. The agency predicts that gasoline will average $3.87 per gallon for the last three months of the year, although this is an increase from the previous $3.59.

For 2023, the EIA raised its forecast for gasoline to $3.66 on average, from $3.51 previously. But that would still be a big improvement over the expected $4.07 per gallon price this year.

The problem, according to the EIA, is that oil and gasoline inventories are low. The agency also noted that refinery output is relatively low compared to pre-Covid levels.

The EIA said its forecast incorporates the assumption that the European Union will follow through on its plan to ban imports of crude oil and petroleum products by sea from Russia. However, the forecast does not include potential restrictions on shipping insurance as details are not known.

And while the United States and OPEC+ are expected to increase production slightly, the EIA expects Russian production to fall by 1.1 million barrels per day between May 2022 and the end of 2023. That’s a steeper decline than the EIA had previously predicted.

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Salt lake city government

FOOTSTEPS FOR AFRICA UNVEILS A SCHOOL PROJECT IN NAMIBIA THAT IMPROVES LIVING CONDITIONS FOR STUDENTS AND THE COMMUNITY |

African government officials, students and teachers celebrate the new facilities with a groundbreaking ceremony

SALT LAKE CITY, June 7, 2022 /PRNewswire/ — steps for Africaa non-profit organization based in Utah which helps underprivileged children Africa completed a construction project that improves the living conditions of students at Oshamukweni School. Thanks to a generous six-figure donation of Tiara and Alan Salzman of Montecito, California.Not for Africa was able to build new dormitories, a kitchen and a dining hall for 300 students and more than 100 children living on the school grounds. The new facilities were unveiled and celebrated last month with a groundbreaking ceremony attended by local government leaders, students, teachers and community members.

step by step for Africa reveals the infrastructure of a poor school in Namibia.

“Thanks to their generosity, Footsteps for Africa has improved the lives of people in this village,” said Isak Hamatwi, Director of Education at Ohangwena Regional Council. “School life and the learning environment at Oshamukweni Mixed School will no longer be a life of struggle, but a life worthy of a life in an independent country.”

Namibia is the third richest country in Africa, but it has the third highest level of income inequality of any country in the world. This is why Footsteps for Africa focused most of its efforts serving children in the poorest areas of the north Namibiaby building school structures and supporting drinking water and sustainable food programs.

steps for Africa founder, austin cameron, was inspired to run this project after a visit to the school in 2019 where he saw children living in huts made of sticks and cooking their food on makeshift fire pits. The students, who come from villages more than six hours away, live on the school grounds. Inspired by the 100% graduation rate of students despite their living conditions, Tiara and Alan Salzmanwho also built the Salzman Library in a nearby community, donated to fund the project.

“After learning about the critical needs of these underprivileged children in Namibiaand as a mother myself, nothing was more important to us than supporting Footsteps for Africa to help these kids succeed,” said Cameron Salzman Tiara.

Brand new facilities unveiled under the project include Salzman Kitchen, a 2,000 square foot building equipped with food preparation facilities, showers, restrooms and cold storage; Salzman Room, a 5,000 square foot dining and gathering hall that will serve not only the school, but the entire community of several thousand people; and two dormitories each housing 25 students.

The steps for Africa The team held a groundbreaking ceremony to reveal the finished project to students, teachers, government officials and community members from 11 surrounding villages. The new facilities will serve as a gathering place for the entire community and will foster greater participation and awareness at Oshamukweni School.

Namibia has many schools. Among all these schools, Footsteps for Africa chosen to help our school, and we thank you. I’m very happy for the (Salzman kitchen) because we don’t have to cook on fires outside anymore,” 9 said.e student Namola Abraham.

steps for Africa will continue to fund and undertake improvement projects through Namibia. All donations can be made on the website and will go directly to resources such as:

  • school uniforms: a $100 Don provides a child with a uniform and school supplies for the year.
  • sanitary products: Steps for Africa aims to provide reusable sanitary napkin kits to 1,000 teenage girls, as well as education to tackle school truancy and ‘period shame’. One $10 donation covers one sanitary kit per girl.
  • water supply: Steps for Africa will install 15 water wells, solar pumps and agricultural water tanks near the school in Oshamukweni, eventually bringing reliable access to safe drinking water to 20,000 people. Fundraising goal: $250,000
  • dormitories: Furnished dormitories for underprivileged students at Oshamukweni Mixed School as well as other schools in the area, including Ondobe Secondary School in Oshikango, Namibia. Fundraising goal: $50,000 per dorm or $2,000 per student.

About Footsteps for Africa

steps for Africa provided assistance to over 5,000 orphans and vulnerable children (OVC) in over 50 schools and orphanages Namibia and Zimbabwe since 2010. Services provided include importation and distribution of goods, construction of facilities, and implementation of medical and food programs. Through partnerships with other aid organizations, government relations and a commitment to be physically on site for each initiative, Footsteps Africa operates efficiently and ensures that aid reaches those who need it most. Learn more about https://www.footstepsforafrica.com Or on instagram and Facebook.

Media Contact:

Marketing and public relations redhead

Alexandra Chiafery | [email protected] | 585.329.9670

Hilary Reiter | [email protected] | 435.901.2071

PR images and video: https://www.dropbox.com/sh/t3d10zmkxqinwc8/AADIVrouA_YQo50uaiM_fpbUa?dl=0

View original content to download multimedia: https://www.prnewswire.com/news-releases/footsteps-for-africa-unveils-namibia-school-project-that-improves-living-conditions-for-students-and -community-301561386.html

SOURCE Step by Step for Africa

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Salt lake city

The most expensive neighborhoods to live in SLC Salt Lake City

(STACKER) — After home prices soared a record 16.9% nationally in 2021, the market encountered another startling statistic in April 2022: 11 U.S. subways now have a median price of sale of homes over $500,000. The average sale price of half a million dollars comes from a OJO Labs survey March home sales. Nationally, the median selling price of a home reached $392,750 in mid-April 2022.

In historically wealthy cities and those with more modest house prices, the trajectory is the same: prices continue to rise even as mortgage rates rise. The causes of the price spike are reflected across the country. A long-term housing shortage that began after the Great Recession has been exacerbated by supply chain disruptions that have made it more difficult to source building materials, affecting virtually all housing markets. Another factor driving prices higher is the surge of investors entering the market. In many areas, including Charlotte, North Carolina, investment firms buy huge shares of single-family homes.

In smaller cities and towns, the traditionally weaker population has faced a surge of households moving away from big cities during the coronavirus pandemic, increasing competition for housing. Historically low mortgage rates were another reason for the explosion in the number of buyers, although rising rates do not seem to do much to slow the bidding wars in many metropolises.

Real estate platform ZeroDown analyzed sound real estate listing data to determine the most expensive neighborhood in Salt Lake City, based on homes sold between March 18, 2022 and April 18, 2022. Neighborhoods are ranked by median home price per square foot.

Read on to see the most expensive neighborhoods in your city or discover the national history that features neighborhoods in 20 metros here.

#ten. Downtown
– Median home price: $629,703 ($431 per square foot)
– Median rent: $1,028
– Population: 1,813
– Walk Score: 89
– Bike Score: not available
– Transit score: 70

#9. Rock H
– Median home price: $917,130 ($438 per square foot)
– Median rent: $1,129
– Population: 757
– Walk score: 2
– Bike Score: not available
– Transit score: 26

#8. Middle East Avenues
– Median home price: $850,011 ($457 per square foot)
– Median rent: $948
– Population: 1,306
– Walk score: 76
– Bike score: 72
– Transit score: 47

#seven. Wilford
– Median home price: $722,884 ($467 per square foot)
– Median rent: $1,245
– Population: 1,679
– Walk score: 56
– Bike score: 55
– Transit score: 32

#6. eastern freedom
– Median home price: $1,038,205 ($467 per square foot)
– Median rent: $1,046
– Population: 4,166
– Walk score: 81
– Bike Score: not available
– Transit score: 46

#5. Glendale
– Median home price: $500,320 ($475 per square foot)
– Median rent: $1,230
– Population: 16,052
– Walk score: 12
– Bike score: 36
– Transit score: 23

#4. sugar shack park
– Median home price: $834,847 ($477 per square foot)
– Median rent: $1,367
– Population: 1,785
– Walk score: 33
– Bike score: 63
– Transit score: 38

#3. Rio Grande
– Median home price: $1,059,178 ($479 per square foot)
– Median rent: $1,096
– Population: 2,311
– Walk Score: 85
– Bike score: 99
– Transit Score: 67

#2. westminster
– Median home price: $580,128 ($502 per square foot)
– Median rent: $1,117
– Population: 4,379
– Walk Score: 85
– Bike score: 85
– Transit score: 51

#1. Eastern Avenues
– Median home price: $1,199,007 ($674 per square foot)
– Median rent: $905
– Population: 1,176
– Walk Score: 65
– Bike Score: not available
– Transit score: 50

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Salt lakes real estate

Bridge Investment Group Closes $150 Million Senior Notes and Refinances its Senior Secured Credit Facility

SALT LAKE CITY–(BUSINESS WIRE)–Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced that it has completed the closing of $150 million of senior notes and refinanced its facility senior secured credit facility (“Credit Facility”), increasing it from $75 million to $125 million.

On June 3, 2022, the Company entered into a $150 million note purchase agreement pursuant to which its operating company, Bridge Investment Group Holdings LLC, issued two tranches of notes in connection with an offering private with a weighted average interest rate of 5.05% on the date of issue. Transaction includes $75 million 5.00% 10-year notes due July 12, 2032 and $75 million 5.10% 12-year notes due July 12, 2034 .

In addition, the Company refinanced a $75 million line of credit that was scheduled to mature in July 2022. The new credit facility was increased to $125 million and matures on June 3, 2024 (subject to extension in certain circumstances). In addition, the new credit facility can be increased up to $225 million, subject to certain criteria being met.

“These transactions strengthen our balance sheet and give us increased flexibility to continue to take advantage of organic and inorganic opportunities to accelerate growth,” said Katie Elsnab, the company’s chief financial officer. “We appreciate the support of our debt capital partners and look forward to working closely with them as we continue to pursue our attractive opportunity set.”

For the credit facility, CIBC, Inc. and Zions Bancorporation, NA d/b/a Zions First National Bank acted as co-lead arrangers.

The Notes have not been and will not be registered under the Securities Act of 1933 or the securities laws of any state or other jurisdiction and may not be offered or sold in the United States or any other jurisdiction in the absence of registration or exemption from registration requirements. of the Securities Act of 1933 and applicable securities laws of any state or other jurisdiction.

About Bridge Investment Group

Bridge is a leading vertically integrated real estate investment manager, diversified across specialty asset classes, with approximately $38.8 billion in assets under management as of March 31, 2022. Bridge combines its operating platform nationwide with dedicated teams of investment professionals focused on select U.S. real estate. real estate verticals: residential leasing, offices, development, logistics real estate, net lease and mortgage backed by real estate.

Forward-looking statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. All statements other than statements of historical fact may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as “outlook”, “could”, “believe”, “expect”, “potential”, “opportunity”, “continue”, “may”, ‘will’, ‘should’, ‘over time’, ‘seeks’, ‘predicts’, ‘intends’, ‘plans’, ‘estimates’, ‘anticipates’, ‘expects’ or negative versions of these words, other comparable words or other statements that do not relate to historical or factual matters. Accordingly, we caution you that these forward-looking statements are based on our beliefs, assumptions and expectations as of the date of our future performance, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those expressed or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks described from time to time in our filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. Bridge Investment Group Holdings Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.

Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy securities of the Company or any investment fund managed by the Company or its affiliates.

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Utah economy

The Return of Stupid Sunday, Sellers Take Advantage of Face-to-Face Interactions

The first Silly Sunday this summer attracted dozens of local artists, shopkeepers and food and drink vendors. Thanks to a new liquor license, adult drinks like Bloody Marys were on the menu on lower Main Street.

In a tent near the Heber Avenue intersection, Mecia Emery displayed colorful dog collars she made by hand at her home in Park City. She hoped to sell 50 to 60 of them.

Her business is called Luni & Roo, named after her two dogs. Most of her sales are done online, but she said settling in person at Silly Market is a great opportunity.

“It’s honestly the best marketing for us,” Emery said. “We have a lot of exposure, and it’s great fun to get out there and meet all these new faces and everyone’s dogs, and commercially we tend to do well, every Sunday.”

Last year, Luni & Roo only had a stall at the market a few times, but Emery said she signed up for a tent every Sunday this summer.

It was the very first Silly Market appearance for Heber City photographer Johnny Adolphson, but he was also at Art Around the Square in Midway a week prior.

He wasn’t sure exactly how many prints he wanted to sell, but said he also plans to return every Sunday this summer.

“For me, selling out of the tent is huge,” Adolphson said. “It’s one thing that people see my art on their phone or on the internet. But it’s another thing to go out and see the real prints and the big acrylics and the big metal prints and the art speaks for itself when you see the big pieces in person.

Adolphson said he will be at Art Around the Square on July 4 and 24 and Midway Swiss Days in late summer.

Murray’s Alex and Amanda Boyd said they’ve been looking for a toymaker whose tent they’ve been visiting for years, since the entertainer was 10. After attending a wedding the night before, they wanted to spend a relaxing day in the old town and support the local economy.

“We’ll probably spend two or three hours hanging out, having coffee and walking around,” Alex Boyd said. “I think we like to make sure the local economy is really strong. It’s a cool part of Utah and the outdoor community here.

Silly Sunday, on lower Main Street, runs on Sundays from 10 a.m. to 5 p.m., except August 7, 14, and 21. The last day is September 25.

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Salt lake city

Real Salt Lake fall in final minutes against Vancouver at BC Place

SALT LAKE CITY – Real Salt Lake wasted points in the dying minutes of the game against Vancouver on the road after Aaron Herrera was shown red and conceded a penalty with minutes remaining.

Despite the loss, Real Salt Lake were the dominant team for most of the game, adding more frustration to the loss before the extended break.

“We played a very good game, but unfortunately the game comes down to moments and we lost on a broken set piece and a failed recovery in transition,” Mastroeni said in the after interview. -match.

Manager Pablo Mastroeni opted not to change the starting XI from a week ago when RSL forcefully beat Houston Dynamo 3-0 at Rio Tinto Stadium. Recently signed attacking midfielder Diego Luna was welcomed on the bench and was joined by Jefferson Savarino, Anderson Julio and Everton Luiz, among others.

The game started with Vancouver looking to assert their authority early, forcing Real Salt Lake with very little time on the ball. However, Real Salt Lake were able to withstand the pressure and play through it, but were unable to threaten Vancouver’s goal.

Despite the impressive form on the road, Real Salt Lake seemed determined to see the level of play in the main break. That was, until poor defending handed Vancouver the game’s first goal in the 31st minute after a long corner kick found the head of centre-back Ranko Veselinović who swung the ball over and past Zac MacMath. Naturally, MacMath stood up, disgusted by his teammates’ defensive effort.

As soon as the goal was scored, Vancouver settled into a much more compact defensive form, asking Real Salt Lake to be creative as they tried to move the ball around in the attacking third.

No changes were made by Mastroeni to the main interval.

It didn’t take long for Real Salt Lake to get back on the scoreboard in the second half. Sergio Córdova found space in the box and headed a shot that was stopped by Whitecaps goalkeeper Cody Cropper on the goal line. But as the VAR check was underway to decide whether the ball had crossed the line or not, play continued and Justin Meram pocketed the ball from Ryan Raposo and mowed the shot just at the near post to level the proceedings in the 52nd minute. .

Savarino came on for Maikel Chang in the 62nd minute as Real Salt Lake began their push for the game-winner and fourth comeback win of the season.

Chaos ensued in the 80th minute when Pablo Ruiz hit a shot just outside the box taking a deflection into the path and hitting the correct woodwork.

Real Salt Lake conceded what was supposed to be the winner in the 84th minute, but Tosaint Ricketts was ruled offside and the goal called up.

Luna made his debut in the 88th minute when he replaced Sergio Córdova and slotted in just behind Bobby Wood in attack. Luna’s debut meant the 28th Real Salt Lake player to see playing time this season.

“It was really cool to have a few minutes and start my career here at Real Salt Lake…my teammates welcomed me with open arms and I’m really lucky to be at this club,” said said Luna after the game.

Just as the fourth referee signaled that there would be three minutes of added time, Vancouver broke on the counterattack and Aaron Herrera was forced into a sliding challenge in the box in a bid to eliminate a goalscoring opportunity. Unfortunately, Herrera didn’t make any contact with the ball and was shown a red card while giving away a penalty in the process.

In the 93rd minute, Ryan Gauld penalized the penalty into the back of the net sending MacMath the wrong way.

Vancouver stole three points at home despite being on the back foot for most of the game.

next game

Real Salt Lake will begin its bye week and return to the field on June 18 when they host the San Jose Earthquakes on June 18.

As always, the match will be available to stream for free via the KSL Sports and KSL 5 TV apps or on KSL Sports dot com.

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Utah economy

Proposed meatpacking plant in Railport | Local

DAILY ELKO

ELKO – A rancher from Elko County has proposed to set up a meatpacking plant at the Railport east of town.

Ken Bowler, owner of Devils Gate Ranch, approached the county about buying or leasing six acres of water rights for a $1.2 million meatpacking plant. The first phase of the plant would start in a 7,500 square foot building and process 100 cattle per week, storing and freezing the meat on site.

Bowler said the goal is for the plant to become a USDA-approved facility. Currently, cattle are sent to USDA processing plants in Utah, Idaho and the Carson Valley.

A plant would save money in freight costs for ranchers in Nevada, he said.

“We think that would be the perfect place, and it will hopefully help breeders increase their profit margin,” Bowler said. He acknowledged that it might be difficult to obtain USDA certification, but he is ready to pursue the company “no matter what.”

“We anticipate there will be a process,” he said. “We’ll probably be bald by the time we’re done pulling our hair out, but we’ll do our best.”

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Bowler predicted that with ranchers transporting cattle closer to home, around 5-7% of the value of cattle could be saved, along with gas expenses.

Nevada Cattleman’s Association President Jon Griggs said the proposed meatpacking plant “would be a great way to sell our product locally. We don’t have that option now. All the cattle we raise have to go somewhere else to be processed.

Currently, calves or yearlings are sold and shipped to livestock operators and feedlots closer to packing facilities, Griggs explained.

He added that if the plant opened in Elko County, it would create a “cohesive market” for breeders and consumers, removing “crazy highs” for consumers and showing long-term profits.

“The market for producers and consumers is cyclical. Right now, consumers are seeing market highs due to market dynamics, and producers are seeing market lows,” Griggs said. “But with a local source like this, we won’t have some of the economies of scale that larger producers have, but it will bring consistency.”

Griggs said keeping the production local “would probably be a better product. Keeping cattle in Nevada could be a win for all of us.

The plant could encounter a few hurdles, such as federal meat inspection, Griggs added.

“Traditionally, it’s been difficult to get a USDA inspector in a fairly small operation or in a market like Elko,” he said. “But the good news is that the Nevada Department of Agriculture is moving in where state inspectors are doing the same job as federal inspectors.”

“The other challenge is that we growers in this region tend to be spring ordeals. Our cattle are all about the same age,” he said. “We will have to work for him, but sometimes we will have an overabundance of cattle and sometimes not enough cattle because they are all around the same age. “

Andrew Church of the Glaser Land & Livestock Co., told commissioners that Bowler and the Devils Gate Ranch have been neighbors and collaborators for years. “We always knew Ken and the team at Devils Gate were progressive and forward-thinking.”

He observed some benefits for the factory, including reduced expense and stress on animals and the environment, as well as local economic diversification with dairies, creameries and bakeries.

“I’m thinking of any way to diversify the economy, but agricultural production in the county is in our best interest,” Church said.

Plus, the plant could be a “good way to show the public that you can produce beef well.”

“I think what happens a lot is the black eyes caused by the big four packers, in terms of these public relations nightmares and the way they treat animals, affects everyone, from breeders, producers, etc,” Church explained. “I think by bringing this down to the local level, we have the opportunity to show people how it can be done properly.”

County Commissioner Wilde Brough said ranchers in surrounding counties could cut costs by transporting their cattle to Elko County and contribute to the local economy at the same time. Ancillary businesses, such as feedlots, could also “take off because of it.”

“I think it’s going to be a big boom. I think it’s going to save a lot of farmers a lot of money on transportation,” he added.

“I really like this idea of ​​a meatpacking plant,” said commissioner Delmo Andreozzi. “I like the idea because cattle are just as much a part of Elko County as mining has been for a long, long time. I think it’s a great idea.”

Commissioners unanimously approved a motion Wednesday for staff to consider options to sell or lease water rights for the plant, with a clause to return ownership to the county if the plant is sold or discontinued. its operations. Currently, Elko County has approximately 200 acre feet of groundwater that has been set aside for Railport development and is being used for its intended purpose, according to County Supervisor and Senior Planner Corey Rice.

Rice told commissioners that staff believed the meatpacking plant was “an appropriate use for these groundwater rights”, explaining that the water should “be used”.

He also added that he was concerned that continued extensions would soon end for primary groundwater rights.

Some water rights have already been sold to a shooting range and motocross track, Rice added. He and Deputy County Manager Curtis Moore also suggested selling the water rights because “it would definitely be easier for all parties involved.”

Due to Nevada’s “use-it-or-lose-it” stipulations, Rice supported the sale of the groundwater rights with a clause to return the rights to Elko County within five years of the sale.

“If we sell the water rights to Devils Gate Ranch, we think we can put a clawback clause in there, say the meatpacking plant closes and something else doesn’t move in five years. “, Rice said. “Then those water rights can revert back to the county.”

However, commissioners Jon Karr and Rex Steninger said they were more in favor of leasing the water rights, while offering full support for the project.

“I don’t like getting rid of [the water rights]”, Karr said. “I think water is king. But I’m 100% for the project.

“I’m also in favor of a lease,” Steninger added. “We can’t let this pass.”

“I speak for the rest of the council: we’ll get you the water, one way or another. We just want to look at the options,” Steninger told Bowler.

Before approaching the county, Devils Gate Ranch purchased water rights in the Osino Basin, but later realized it was in the wrong basin and could not be transferred, explained Rice.

Bowler suggested swapping his purchase of water rights in the Osino Basin with Elko County, “if that could work out.”

Brough supported the rights sale, due to Bowler’s commitment to the project, which will be funded by the Ranch.

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Salt lake city government

Arizona firm and owner convicted in Utah of lying to secure multi-million government contracts

A Utah jury has found an Arizona company and its owner guilty of fraud and lying in claims seeking millions of dollars in federal government contracts. (Scott G Winterton, Deseret News)

Estimated reading time: 3-4 minutes

SALT LAKE CITY — A federal jury in Utah has found an Arizona business owner and the company itself guilty of making false statements to the government in order to secure a $99 million contract. dollars.

Whitney McBride, 41, of Queen Creek, Arizona, was convicted on Wednesday of conspiracy to commit wire fraud, wire fraud, major fraud against the United States and misrepresentation to federal law enforcement and in court.

McBride and the company, Odyssey International Inc., were originally accused of fraudulently claiming special status with the Small Business Administration in order to bid for an employment contract at the Fort Drum military base in New York, according to a statement. press release Thursday from the Utah US Attorney’s Office. Prosecutors described McBride as the founder and owner of Odyssey.

A superseding indictment from October accused McBride and the company of carrying out a scheme to obtain contracts through the SBA restricted to businesses located in “historically underutilized business areas”, or areas HUB. Often, areas that qualify as HUB areas include Native American reservations and areas with a closed military base, the news release said.

To be eligible for HUB zone contracts, businesses must have at least 35% of employees living in the zones, and contracts must be awarded to small businesses. The HUB Zone Program is intended to award government defense contracts in hopes of economically boosting underutilized areas, according to the indictment. The program also aims to “provide contract opportunities to businesses owned by individuals who have personally experienced discrimination,” the press release said.

Odyssey and McBride were accused of falsifying information to claim the company was qualified for government contracts. Much of the criminal conduct took place in Utah, prosecutors say, although Utah business records indicate the company is based in Arizona.

Prosecutors say that in 2011, Odyssey made an offer to work at the New York military base, knowing it did not meet HUB Zone standards. The company did not have 35% of employees living in the area and Odyssey was not a small business, the press release said.

Odyssey had the employees falsify addresses on their driver’s licenses and voter registrations to show they lived in the designated HUB area, according to the charging documents. The company also placed residents of the HUB area who did not work for the company on the payroll in order to claim them as employees. Odyssey also used a shell company to pay employees outside the HUB area away from company records to hide them from the SBA, the press release said.

Billing documents point to individual instances that allowed Odyssey to misrepresent itself, including one instance where an employee’s paycheck was split between him and his wife in order to also list him as a other resident of the HUB area. The company also had an employee change his voter registration at a relative’s address to make it look like he lived at the address, the indictment says.

The company was then admitted to the government program and secured more than $200 million in contracts over nine years.

During the trial, the company admitted its claim was fraudulent, but blamed the company’s former chief financial officer, Paul Lee, who had previously pleaded guilty to wire fraud. The company’s former chief operating officer, Michael Tingey, also pleaded guilty to wire fraud, according to the press release.

The jury ultimately decided to convict McBride and company on all counts, with the verdict read just before 6 p.m. Wednesday, court records show. The sentencing hearing in that case is scheduled for September 1 at the federal courthouse in Salt Lake City.

Jacob Scholl joined KSL.com as a reporter in 2021. He covers northern Utah communities, federal courts, and technology.

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Salt lakes real estate

New luxury residential apartment complex opens in downtown Salt Lake City, Utah

SALT LAKE CITY (ABC4) – Locals and newcomers can look forward to the opening of a brand new residential apartment complex in downtown Salt Lake City.

The new complex, called “the RANDY” is a “mixed-use infill urban housing complex” located in the heart of downtown at 218 South 200 East. The project was built by CW Urban, a Centerville-based real estate developer.

The six-story building has 61 residential units with unit configurations ranging from a studio to three bedrooms.

Residents can enjoy amenities such as quartz countertops, stainless steel appliances, gas ranges, 10-12 foot ceilings, private balcony, rooftop terrace with barbecue grills, parking garage at state-of-the-art technology, EV charging and more.

The outdoor rooftop patio spans 4,220 square feet and offers a canopy, gazebos, fire pits, and stunning views of the downtown Salt Lake City skyline. Residents can enjoy some of the city’s most popular bars, restaurants and shops within walking distance.

Residents will benefit from a “three-story mechanical parking garage system that will maximize space by stacking and organizing vehicles vertically and horizontally into assigned stalls,” the company explains. “Due to the strict constraints of the site, this cutting-edge parking system allows cars to be taken off the street while making the best use of limited space. »

A bus stop on the right is conveniently located in front. Cyclists have the option of using the building’s long-term conditioned bicycle storage.

To learn more about the new residence, Click here.

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Salt lake city

Salt Lake City police tout improved response times as ‘busiest time of year’ begins

Salt Lake City Police respond to a fatal shooting in the parking lot of Taylor Gardens Apartments, 1790 S. West Temple, this Sunday, May 29, 2022, file photo. Photo: Gephardt Daily/Patrick Benedict

SALT LAKE CITY, Utah, June 2, 2022 (Gephardt Daily) — As the typically crime-busting summer months begin, officials say response times to police calls in Utah’s capital are improving.

Response times for May 2022 improved by an average of 16 minutes and 27 seconds compared to May 2021, the Salt Lake City Police Department said in a statement. Press release Thursday.

“We know the seasonality of crime is a well-known phenomenon,” said Salt Lake City Police Chief Mike Brown. “Crime trends often peak in the summer and decline in the winter. This means we are entering our busiest time of the year.

Brown said faster response times continue to be a high priority for the department, as they are often tied to crime solve rates, the likelihood of suspects being apprehended and public safety.

In November 2021, Brown and Salt Lake City Mayor Erin Mendenhall released an update to the Crime plan to reduce crime, improve response times, fill authorized staffing levels for sworn positions and continue to build community relationships.

Strategies outlined in the plan include expanding recruitment and hiring efforts, creating a Violent Criminal Apprehension Team, establishing the Civilian Response Team, and expanding the program. department’s call diversion and online reporting capabilities.

“While I’m glad to see our response times have improved, we don’t invest in hope,” Brown said. “We are investing in proven solutions to help diversify our response to service calls so that in the event of an ongoing emergency, we have agents available to respond as quickly and safely as possible.”

The average response time to police calls in May 2022 was 32:15 a.m. — an improvement of 4:27 p.m. from May 2021, according to the police department. The average response time for Priority 1 or urgent calls improved by nearly four minutes to 10:46 a.m. from a year ago, the statement said.

The police department requested additional funding in the fiscal year 2023 budget to expand and diversify its ability to handle certain low-level, safe calls.

One of the proposals includes setting up a civilian response team to handle calls for damaged property, lost property or found items, allowing officers to focus on the highest priority calls.

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Utah economy

Biden’s inflation plan filled with inaccuracies, distorted analysis and flawed solutions

[This article has been published in Restoring America to highlight how the Biden administration’s policies have worsened the inflation crisis.]

President Joe Biden’s “plan” to fight inflation inaccurately portrayed current economic conditions, misattributed blame for the current turmoil, and misdiagnosed the solution.

Here’s the first problem with his plan: The president obscured economic conditions early in his term – saying “the recovery has stalled and COVID is out of control.” In reality, the recovery was well underway in states fleeing demands for continued societal shutdowns.

The historic summer 2020 economic rebound proved that people who are knowledgeable about the real risks of the virus and the appropriate mitigation measures are enthusiastically participating in this reopening.

The Federal Reserve’s coincident state indexes — a proxy for states’ gross domestic product — vividly illustrate how the economic recovery varies from state to state. This index suggests that economic output at the end of 2020 was actually higher than before the pandemic in Utah, Missouri, Idaho, Nebraska, Alaska, South Dakota, Mississippi and Georgia – especially states without crushing and long-lasting shutdowns.

The economies of Hawaii, Michigan, Rhode Island and Massachusetts were all smaller by more than 10% and states like New York, Hawaii and Illinois remain mired in deep recessions.

At the end of 2020, El Centro, California had 18% unemployment and Los Angeles had 10.2% unemployment. Across New York City, draconian restrictions and an army of compliance officers have driven tens of thousands of businesses out of business, resulting in 8.8% unemployment at the end of 2020.

Meanwhile, unemployment in many communities in Alabama, Idaho, Iowa, Nebraska, South Dakota and Utah saw unemployment at the end of 2020 at 3% or less. The statewide unemployment rate below 4% in Nebraska, South Dakota, Utah and Vermont contrasted sharply with rates at least twice as high in California, Hawaii, Nevada and in New York.

Overall, as of December 2020, the 10 states with the fewest restrictions in place averaged 4.7% unemployment, while the 10 states with the most restrictions averaged 7.1% unemployment.

After obscuring the progress of the ongoing recovery at the start of his presidency, the president grossly misrepresented current economic conditions – claiming a “position of strength”.

Biden boasts that “millions of Americans are getting better-paying jobs” and that “families have increased their savings and have less debt” since January 2021. But in the real world, prices are rising at the fastest rate since. over 40 years ago, gasoline just hit an all-time high and housing costs hit all-time highs adjusted for inflation.

For most Americans, the cost of living is rising faster than wages, leading to a very real decline in the standard of living for tens of millions of families. Consumers are spending their savings and increasingly relying on credit card debt to buy basic necessities. Actual average weekly earnings have fallen by $47 per week or $2,444 per year since Biden took office. For the average family with two working adults, this amounts to $4,888 per year per family in real lost income.

According to Biden, this labor market is the “strongest since post-World War II”. Millions of people are even refusing to look for a job, resulting in workforce participation significantly below already low pre-COVID-19 levels and forcing understaffed businesses to hobble while facing skyrocketing costs. The drop in participation compared to the pre-pandemic period represents more than 3 million people absent from the workforce.

Biden said a move to 150,000 new jobs per month rather than “current levels of 500,000 … will be a sign that we are successfully entering the next phase of recovery.” With population growth often exceeding 2 million people a year, Biden’s “slower but better” theme could mean a full recovery is forever elusive.

Then the president predicted a “transition” in which “growth will be different.” By different, he apparently means slower. Maybe someone should remind the president that the economy actually contracted in the first three months of this year. Economic growth hasn’t just slowed — it’s disappeared — a fact he even refused to acknowledge.

Just as flawed as Biden’s assessment of his own economy is his assessment of the economic legacy of his predecessors – saying that for decades before his presidency, the economy was one of “low growth, low wage gains.” and an economy that worked best for the wealthiest Americans.

In fact, real income (adjusted for inflation) over the past 40 years has increased for those at the bottom, middle and top of the income spectrum. Because of this overall increase in income, a middle class income in 1980 could be considered a lower middle income today. An upper middle class income in 1980 could only be called middle class today.

The Urban Institute has analyzed income data while holding real income and family size parameters constant since 1980. The proportion of those in the upper and upper middle class has doubled from less than 14% of the population in 1980 to more than 31% today.

Biden vowed to “take all practical steps to make things more affordable for families” – specifically addressing energy costs. He continues to attribute soaring fuel prices largely to the war in Ukraine and sanctions against Russia. But oil prices were skyrocketing long before Russian President Vladimir Putin’s invasion.

Killing the Keystone XL pipeline, opposing other gas pipeline projects, blocking much exploration and drilling on federal lands, and targeting the extinction of fossil fuel companies threatens to cut off supply and energy security for decades to come.

Liberating our energy sector by ending the war on fossil fuels is the solution to the energy crisis. But rather than pausing his administration’s war on affordable fossil fuels, Biden called on Congress to pass “tax credits and clean energy investments.” This would divert limited resources to crony ventures, further increase energy costs, and necessitate even more loss-making spending.

Surprisingly, Biden bragged about the release of oil from the National Strategic Reserves – while ignoring that this six-month release represents just eight days of domestic oil consumption.

Although Biden acknowledged the “broken supply chains,” he ignored what caused them while proposing price controls on ocean freighters – a policy that could actually reduce the supply of ships and further worsen the problem. His Democratic allies in Congress, meanwhile, are seeking to change the definition of employee so companies can’t hire independent truckers to haul their goods through the PRO law.

To be clear: the main factor driving supply chain issues is the ill-advised COVID-19 restrictions globally. The erratic, unpredictable and arbitrary decisions of government bureaucrats have made even short-term planning nearly impossible.

National government policies are compounding global shipping problems, including California’s phase-out of older diesel trucks. Organized labor in California – with some of the least efficient ports in the world – is resisting modernization and has refused for months to fully extend its hours of operation to reduce the shipping backlog.

Long-standing government policies that limit how goods can be transported have exacerbated port delays. In particular, the Jones Act states that all goods shipped by sea between two points in the United States must be transported on a vessel built in the United States and flying the United States flag with a crew of at least 75% Americans, which could drive up shipping costs on average by 270%.

The president only touched briefly on the Fed, saying that “the Federal Reserve has the primary responsibility for controlling inflation.” Yet he did not acknowledge how the central bank fed him. As governments hampered the supply of goods and services in 2020 and 2021, a tsunami of Federal Reserve-funded government spending boosted future demand as households accumulated income from both wages and salaries. government COVID-19 relief checks.

The Feds continue to use the Fed’s printing presses, “selling” trillions of debt for newly “printed” money which then floods the economy, driving inflation while bribing resources and workers businesses that desperately need it. The Fed has more than doubled its balance sheet from just $4.2 trillion in March 2020 to nearly $9 trillion today, with M1 money supply nearly quintupling from $4.3 trillion to nearly $9 trillion. of $21 trillion. Politicians approved the spending trillions and bailouts while the Fed financed them.

And Biden demands even more.

Misguided COVID-19 restrictions combined with Fed-funded government borrowing and spending have sparked the economic turmoil, soaring inflation, and supply chain havoc that Americans are experiencing. The same politicians who accepted misguided COVID-19 shutdowns and irresponsible spending point to the Fed as the culprit, refusing to take responsibility for their role in the economic disaster.

This “plan” to fight inflation is in fact a plan for more misery: more public spending, more labor regulations, more attacks on energy production and massive increases in taxes on businesses. A full recovery – including functioning supply chains – requires a full reopening across the world, freeing up our fossil energy resources here at home, and ending the use of the central bank to fund deficit spending.

This piece originally appeared in the

Daily signal
and is reproduced by kind permission of the Heritage Foundation.

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Salt lake city government

Washington County GOP selects Colin Jack as interim representative after Seegmiller resigns

As the only candidate in a special election, Washington County resident Colin Jack is expected to take control of House District 62. Representative Travis Seegmiller, R-St. george, announced last month that he would resign on July 1.

Republican Party delegates voted in Jack to be the interim representative ahead of the June 28 primary election. He has a contender in that race, Nina Barnes, vice president of the Utah Board of Higher Education. She did not participate in the special election and says FOX 13 last week that she prefers voters to decide who the next representative is, not the county delegates. Jack won the favor of the delegates on Seegmiller and Barnes at the Washington County Republican Convention in March.

The victory will only see him through to the end of Seegmiller’s term, but Jack said he was confident he would win the primary.

“I feel like this interim period, these next six months will give me a chance to prepare for the regular session which starts in January,” he said. “I’ll be a freshman like every other freshman who gets elected, but I’ll be a freshman with six months of committee work ahead of hearing a lot of talk going on.”

Jack has held various positions with the County Republican Party and is Chief Operating Officer of Dixie Power, a local utility company in St. George.

Seegmiller was appointed to the seat in 2018, replacing Jon Stanard who resigned after a British tabloid reported that he had paid for sex in Salt Lake City for legislative business. In 2021, he faced a potential ethics investigation in the Legislative Assembly after to be charged with poaching and illegal discharge of a firearm. Announcing his resignation, Seegmiller said his family planned to move outside the district boundaries.

There was confusion ahead of the special election over Seegmiller’s status in the upcoming primary, as he announced his resignation but did not remove his name from the ballot, The Specter reported. He filed later a formal withdrawal of candidacy.

Washington County GOP Chair Lesa Sandberg said she was glad this special race was easy, compared to the confusion surrounding the seat in recent weeks.

“[But] it makes me sad. I wish I had more than one [candidate]. I wish that Nina [Barnes] would have respected the process and come to try to win the hearts of the delegates,” she said. “But I think Colin [Jack] will be awesome. He will serve his district well over the next six months.

Jack said the whole experience had been a “roller coaster”, adding that he was happy with the current situation.

“I still have all the work to win the primary election,” he said. “So this special election was kind of an extra election that had to be worked on and organized.”

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Salt lake city

MUSIC CHOICES: JUNE 2 TO 8 | Choice of music | Salt Lake City

311 @ Sandy Amphitheater
Perfect for hot weather touring, veteran Omaha band Neb. 311 is designed to serve up summer jams of the nü metal, funk rock, and lite-reggae variety. They’ve been doing it since the late 80s, while a string of major label albums in the early 90s cemented their reputation as a band that brought the party to the gigs, though they never achieved acclaim. by criticism. Instead, the band has been churning out records for years, at whatever pace they want, with the lineup intact since 1991 – an incredible feat for any band, regardless of genre and popularity. deed. 311 perform at the Sandy Amphitheater (1245 E. 9400 South) on Thursday, June 2 with support from Teenage Wrist. Tickets at different prices are available on www.sandyamp.com.

Home Phone @ Kilby Court
The SLC-based Homephone offered a fantastic album via Bandcamp (and cassette) at the end of May, just before that Friday June 3 show at Kilby Court (741 South Kilby Court) and after a small handful of singles and compilation appearances. The 10 songs of Colley Mellon are really adorable, all songs are written, recorded and mixed by Ysabelle Stepp and Joseph Sandholtz. 26Fix, Toothpicks and Adult Prom are listed as supporting acts for the show. Ten dollar tickets to this show for all ages are available through kilbycourt.com.

Tomberlin @ The urban living room
Sarah Beth Tomberlin’s music is both beautiful and a little scary. His last album I don’t know who needs to hear this… is the type of album that will kick-start a career that was on the cusp of something special just before the pandemic. “My first record, I did it without knowing I was doing it,” she says via bio. “I was writing songs to deal with stuff in my personal life as it happened, and then all of a sudden it all happened really fast. Record label, touring, press, all that momentum and a lot of career advice, which, you know, I didn’t even expect to get. So I think when I started writing the second album, I felt a lot of pressure to sounds collected and deep, almost like a book – chapters, narrative, all wrapped up nicely. Terrific voice; smart, understated lyrics; tasteful, spare instrumentation. So here to love. Tomberlin plays Urban Lounge (241 S. 500 East) with Jana Horn on Saturday, June 4. Ticket information is available at theurbanloungeslc.com.

COURTESY PHOTO

Carolyn Wonderland @ The Ogden Music Festival
Carolyn Wonderland has an impressive string of awards, honors and firsts. She was the lead guitarist for John Mayall’s Blues Breakers, the first woman to fill that slot. She has won plaudits at the fiercely competitive Austin Music Awards for the past two years. She has the Bob Dylan seal of approval. And she has a 2021 album, tempting fate (Alligator Records), which received good reviews on both sides of the Atlantic. Giving a broader idea of ​​his work, we check his biography to read: “Wonderland has been performing professionally since the age of 15. His music is a bold mix of timeless original songs and reimaginings of some of his favorites, ranging from blisters from electric blues to deep, heartfelt ballads from cosmic country to soulful Tex-Mex.” Wonderland appears at the Ogden Music Festival (Fort Buenaventura, 2450 A Ave., Ogden) on Saturday, June 4, with a performance at 4:30 p.m. Ticketing information is available at ofoam.org.

Orville Peck @ Sandy Amphitheater
A breakthrough, crossover hit in life just before COVID, Orville Peck released his second album and first on a major label, Broncos. This album, as well as its predecessor, Pony, provide the backbone of the Bronco Tour coming to Utah this week. The Nashville Scene took his show last month at the historic Ryman, and noted that “the hour-plus performance built up at all the right times, stopped when it felt natural, and totally served its purpose Rejoicing in the benches dumped in the aisles, and the young gay attendees all around were having what appeared to be religious experiences.For now, questions about how much mileage Peck can ultimately get from being a masked walker didn’t seem relevant. – this evening was one that will live.Orville Peck and The Nude Party appear at the Sandy Amphitheater (1245 E. 9400 South) on Wednesday, June 8, with doors at 6:30 p.m. and the show starting at 7:30 p.m.. Tickets are available at sand.ticketsales.com.

Blackwater Holylight @ Metro Music Hall
If it’s possible, the band Blackwater Holylight can completely satisfy the needs of heavy metal and shoegaze fans, creating a heady mix of buzzy rock married to quality hummable hooks. Sometimes released as a quartet, other times as a quintet, the group’s latest album, Silence/Movement, is a marvel. As good a source of metal information as any, Metal injection says that “As its name suggests, Blackwater Holylight uses stark sonic contrasts throughout its work and manages to be brutally heavy, without being all together musically heavy at all. Silence/Movement is an emotionally devastating dark divergence for the Portland, Oregon-based outfit that embodies grief and recovery both globally and personally.” We’ll add that the black and white video of the same song is on YouTube, and it has the potential to convert you.Blackwater Holylight appears at Metro Music Hall (615 W. 100 South) on Wednesday, June 8 with Spirit Mothers.Tickets are $15 and available through metromusichall.com.

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Salt lakes real estate

BlackRock and Cadre team up for apartment building in Salt Lake City, UT where housing prices have risen more than 50%

The real estate investment platform Frame yesterday announced its partnership with BlackRock’s noir BlackRock Impact Opportunities Fund to acquire The Harvest at Marmalade Apartments, a 252-unit multifamily asset in downtown Salt Lake City, Utah.

The BlackRock Impact Opportunities Fund launched in 2021 with a $1 billion goal to uncover investment opportunities in undercapitalized businesses and communities ready to grow.

The latest acquisition will bring Cadre’s total number of actively managed multi-family investments to 16 assets. According to the company’s website, most of its active multi-family investments have a value-added strategy, which involves making improvements to a property in order to add value through increased rent collections.

Related: New multi-family real estate investment offering in the San Francisco Bay Area with a target IRR of 15.8%

According to a FOX 13 article, Salt Lake City has seen the third-highest rent increase in the past three years of all major US metros, while house prices have risen 50% in the past two years. The median home sale price in Salt Lake City is $562,500, nearly 25% higher than the national average.

Institutional investors have been aggressive in acquiring multi-family and single-family rental properties as demand for rental housing continues to soar due to increasingly unaffordable homeownership.

Over the past three years, the sale price of existing homes in the United States has increased by 40.62%, while the median income of American families has increased by only 13.62%. Recent interest rate hikes have only made the affordability problem worse, leaving many families with no choice but to rent.



Data source: Ycharts

Retail investors have also taken note of this growing demand for rentals. Investment activity on property investment platforms that offer co-ownership of income-generating properties or access to crowdfunding deals has increased significantly since the start of 2021. Most of the properties offered on these platforms are multi-family assets, single-family rental homes and build-to-let community developments.

Related: Jeff Bezos ups his bet on the single-family housing market

While some worry about an impending real estate crash, Moody’s Analytics estimates the housing shortage is more than 1.5 million homes nationwide. The shortage could mean a prolonged period of inflated house prices and continued rising demand for rentals across the country.

Photo by Andrew Zarivny on Shutterstock

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Utah economy

California needs a recession | Newgeography.com

Nowhere is better suited for highs than California, a place of miraculous growth and remarkable innovation. A backwater just a century ago, with a population of just over 3 million compared to nearly 40 million today, the Golden State has established pre-eminence in everything from agriculture and film to world travel. space and the Internet.

Yet in recent years, California’s lead has increasingly focused on one sector: technology. That has left the state deeply exposed to the recent decline in the stock market, which has a heavy focus on tech stocks, and the inhospitable near-term climate for start-ups, which once reliably filled state coffers. Easy Street is about to be much less so.

Even as state offices and their media megaphones brag about its nearly $100 billion surplus, California’s Office of the Legislative Analyst predicts the likely reappearance of budget deficits in the near future. Instead of crisis periods, we will likely see a repeat of the last recession, which ended in 2009. At the time, it took California five years to return incomes to pre-recession levels, period during which the government was forced to cut state programs by about $45 billion to make up for the deficit.

In many ways, California is even more vulnerable today. Governor Newsom and his public relations team may brag about the state’s economy “reviving strongly,” but California is entering a recessionary environment with the fourth-highest unemployment rate in the nation and the one of the slowest job recoveries in the country. Los Angeles and San Francisco, its two largest cities, are near the bottom of all metros in terms of job recovery.

This decline has its roots in the pre-pandemic era. For years, California has significantly underperformed its major rivals — Texas, Washington, Arizona and Utah — in construction, manufacturing, and professional and business services. Over the past decade, about 80% of all jobs created in California have paid below median income, creating an ever-expanding working class in low-end service industries.

During the boom of the rich, the state decided not to re-diversify its basic economy but to expand its welfare state. It may have been applauded by progressive publications, but the state is not a bottomless pit. California still suffers from the highest long-term debt of any state – $507 billion – and that will only increase with interest rates.

And yet, he seems unwilling to change course. Following his recall triumph, Newsom, along with the legislature, is determined to redouble their efforts to make California the model of a progressive future. Others, like University of California’s Laura Tyson and former Newsom adviser Lenny Mendonca, see the Golden State as the “way forward” for more enlightened “market capitalism.” But this reality is difficult to see on the ground.

Read the rest of this article on UnHerd.


Joël Kotkin is the author of The rise of neo-feudalism: a warning to the global middle class. He is Roger Hobbs Presidential Fellow in Urban Futures at Chapman University and Executive Director of the Urban Reform Institute. Learn more at joelkotkin.com and follow him on Twitter @joelkotkin.

Photo: Jay Galvin via Flickr from CC 2.0 license.

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