Friday, October 13, 2023

Oct. 13 history: Navy origins

Oct. 13 in history

In 2010, rescuers in Chile using a missile-like escape capsule pulled 33 men one by one to fresh air and freedom 69 days after they were trapped in a collapsed mine a half-mile underground. 

In 1775, the United States Navy had its origins as the Continental Congress ordered the construction of a fleet.

In 1792, the cornerstone of the executive mansion, later known as the White House, was laid by President George Washington during a ceremony in the District of Columbia.

In 1943, Italy declared war on Germany, its one-time Axis partner.

In 1960, the Pittsburgh Pirates won the World Series, defeating the New York Yankees in Game 7, 10-9, with a home run hit by Bill Mazeroski.

In 1999, in Boulder, Colorado, the JonBenet Ramsey grand jury was dismissed after 13 months of work with prosecutors saying there wasn’t enough evidence to charge anyone in the 6-year-old beauty queen’s slaying. 

In 2016, Bob Dylan was named winner of the Nobel prize in literature.

In 2022, the House Jan. 6 committee voted unanimously to subpoena Donald Trump, demanding the former president’s personal testimony as it unveiled startling new video from his closest aides describing hi0s multi-part plan to overturn his 2020 election loss. (History.com 10/13/23)

Thursday, October 12, 2023

Scalise drops out of speaker race

 Scalise drops out of speaker race. (Forbes 10/12/23) Video: BREAKING NEWS: Steve Scalise Drops Out Of Running For Next Speaker Of The House - YouTube

TVA solar-plus projects in Miss.

A renewable energy development group has started work on the first of three planned solar-plus-storage projects in Mississippi that will serve both residential and industrial customers. 

Origis Energy of Miami, on Oct. 11 said the three installations will have total solar power capacity of 550 MW, along with a total of 150 MW of energy storage.

The projects are being built for the Tennessee Valley Authority (TVA), which said they represent the largest battery energy storage portfolio to date in Mississippi. Origis is developing, and will oversee construction and operation, of all three sites.

The projects include Golden Triangle II (150 MWac, 50 MW storage), which is expected to enter commercial operation next spring; Golden Triangle 1 (200 MWac), 50 MW storage), expected online next summer; and Optimist, (200 MWac, 50 MW storage), scheduled for completion in mid-2025.

The Golden Triangle installations are located in Lowndes County, along the Alabama border, with Optimist sited in Clay County. 

Solar Energy Industries Association, in a data report through June, said Mississippi ranks 36th among states in installed solar generation capacity. SEIA said the state is expected to add about 1.8 GW of new capacity, including the Origis projects, over the next five years.

(Power Mag10/11/23) TVA, Origis Announce Three Solar-Plus-Storage Projects for Mississippi (powermag.com) 

Oct. 12 history: USS Cole

Oct. 12 in history

In 1976, China announced that Hua Guofeng had been named to succeed the late Mao Zedong as chairman of the Communist Party, and that Mao’s widow and three others, known as the “Gang of Four,” had been arrested.

In 1492, Christopher Columbus’ expedition arrived in the present-day Bahamas.

In 1792, the first recorded U.S. celebration of Columbus Day was held to mark the tricentennial of Christopher Columbus’ landing.

In 1870, General Robert E. Lee died in Lexington, Virginia, at age 63.

In 1933, bank robber John Dillinger escaped from a jail in Allen County, Ohio, with the help of his gang, who killed the sheriff, Jess Sarber.

In 1971, the rock opera “Jesus Christ Superstar” opened at the Mark Hellinger Theatre on Broadway.

In 1973, President Richard Nixon nominated House minority leader Gerald R. Ford of Michigan to succeed Spiro T. Agnew as vice president.

In 1984, British Prime Minister Margaret Thatcher escaped an assassination attempt on her life when an Irish Republican Army bomb exploded at a hotel in Brighton, England, killing five people.

In 1986, the superpower meeting in Reykjavik, Iceland, ended in stalemate, with President Ronald Reagan and Soviet leader Mikhail S. Gorbachev unable to agree on arms control or a date for a full-fledged summit in the United States.

In 2000, 17 sailors were killed in a suicide bomb attack on the destroyer USS Cole in Yemen. Among those killed was Ensign Andrew Triplett of Macon, MissUSS Cole bombing - Wikipedia

In 2002, bombs blamed on al-Qaida-linked militants destroyed a nightclub on the Indonesian island of Bali, killing 202 people, including 88 Australians and seven Americans.

In 2007, former Vice President Al Gore and the U.N.‘s Intergovernmental Panel on Climate Change won the Nobel Peace Prize for sounding the alarm over global warming.

In 2011, a Nigerian al-Qaida operative pleaded guilty to trying to bring down a jetliner with a bomb in his underwear; Umar Farouk Abdulmutallab defiantly told a federal judge in Detroit that he had acted in retaliation for the killing of Muslims worldwide.

In 2017, the Trump administration said it would immediately halt payments to insurers under the Obama-era health care law. (History.com 10/12/23)

CG medevacs research ship crew

NEW ORLEANS - The Coast Guard medevaced a 69-year-old man from a Norway-flagged seismology research vessel Oct. 12 about 135 miles SW of Southwest Pass, La.

The CG received a call at 5:30 p.m. Oct. 11 from the crew of the vessel Artemis Arctic reporting a crewmember experiencing heart attack-like symptoms. 

The CG launched a New Orleans-based MH-60 Jayhawk helicopter aircrew. The aircrew hoisted the patient and transferred him to awaiting emergency medical services personnel at the University Medical Center in New Orleans.

The man was last reported to be in stable condition. (Coast Guard 10/12/23) Video: Coast Guard medevacs crewmember 135 miles southwest of Southwest Pass, Louisiana > United States Coast Guard News > Press Releases (uscg.mil)

Scalise: 'Fighter' woos colleagues

Having won the nomination to be the next House speaker, Rep. Steve Scalise (R-la.) is heading into familiar problems - skeptical colleagues reluctant to give their support, denying him the majority vote needed to win the gavel. He's known as a fighter. 

In 2017, with a walker positioned on the mound, Scalise threw out the ceremonial first pitch at Washington Nationals ballpark, a breathtaking comeback, who months earlier was fighting for his life after a gunman opened fire on lawmakers at their own charity baseball game practice. 

Scalise, 58, and recently diagnosed with blood cancer, spent the rest of the day in DC holed up in the Speaker’s office at the Capitol, vigorously working to secure the support. 

(The AP 10/11/23) Steve Scalise is seen as a fighter, but becoming House speaker might require a brawl | AP News


Friday is Navy's 248th birthday

 


Sugar Bowl 'can't compete' for CFP

After hosting a quarterfinal game Jan. 1, 2026, New Orleans' future as a host for the College Football Playoffs is uncertain, Sugar Bowl Committee CEO Jeff Hundley told a luncheon crowd, there to celebrate the bowl game's 90th anniversary. 

“(We've) been told that the cost to play is going up." 

“We will begin negotiating this spring to compete for 2027,” Hundley said. “We cannot currently compete. That is why we are working on this.” 

The committee is imploring the community and business leaders to step up to keep the Sugar Bowl in the game. The CFP will go to a 12-team format in 2024-25, which means playoff sites will be expanded potentially to locations with shiny new stadiums - Las Vegas and Nashville. (NOLA.com 10/11/23) Sugar Bowl role as playoff game host in doubt after 2026 | Business News | nola.com

Wednesday, October 11, 2023

AHI: Manufacturing engineer job

Airbus Helicopters is looking for an Associate Manufacturing Engineer to join its team based in Columbus, Miss. Associate Manufacturing Engineer at Airbus | Ziprecruiter 


UM to observe 175th on Nov. 6

The University of Mississippi will observe 175 years of service to the state and nation with a celebration at 1 p.m. Nov. 6 in front of the historic Lyceum. (UM 10/11/23) University to Celebrate 175th Anniversary - Ole Miss News 

Laugh, Ove & Life in Vicksburg

The 2023 Annual Banquet at Vicksburg, themed “Laugh, Love & Life,” is set to host Speaker of the House Phillip Gunn and J.J. Jasper from American Family Radio as speakers on Oct. 12.

Gunn will be shedding light on a significant financial topics.

The event will be held from 6-8 p.m. on Oct. 12 at Crossway Church, located at 1825 US-61 in Vicksburg. (Vicksburg Daily News 10/10/23) 2023 Annual Banquet: Celebrate Laugh, Love, & Life - Vicksburg Daily News (vicksburgnews.com)

SBA disaster loans available

MERIDIAN, Miss. - At a Meridian City Council’s work session, a Public Affairs Specialist from the U.S. Small Business Administration spoke with the council about disaster assistance loans available for non-profits and business owners.

Chasity Reid, the Public Affairs Specialist, said non-profits and businesses who sustained physical or economic damages from the storms from June 14-19 can apply for assistance.

Lauderdale County is a contiguous county, and they are eligible for the economic injury disaster loan. 

With these loans, businesses and non-profits can apply for up to $2M or less. 

The deadline to apply for assistance is May 13, 2024. 

The SBA has temporary offices set up in Jasper and Jackson counties so the public can apply in person.

You can also apply online on the SBA Disaster Loan website or you can request an application by mail. (WTOK 10/10/.23)

Oct. 11 history: Apollo 7

 Oct. 11 in history

In 1984, Challenger astronaut Kathryn D. Sullivan became the first American woman to walk in space as she and fellow Mission Specialist David C. Leestma spent 3 1/2 hours outside the shuttle. 

In 1614, the New Netherland Co. was formed by a group of merchants from Amsterdam and Hoorn to set up fur trading in North America.

In 1809, just over three years after the famous Lewis and Clark expedition ended, Meriwether Lewis was found dead in a Tennessee inn, an apparent suicide; he was 35.

In 1884, future first lady Eleanor Roosevelt was born in New York City.

In 1906, the San Francisco Board of Education ordered the city’s Asian students segregated into their own school. (The order was later rescinded at the behest of President Theodore Roosevelt, who promised to curb future Japanese immigration to the United States.)

In 1968, Apollo 7, the first manned Apollo mission, was launched with astronauts Wally Schirra, Donn Fulton Eisele and R. Walter Cunningham aboard.

In 1971, John Lennon's "Image" is released.

In 1975, Bruce Springsteen's hit, "Born to Run" released.

In 1975, 'Saturday Night Live' debuts. 

In 1986, President Ronald Reagan and Soviet leader Mikhail S. Gorbachev opened two days of talks in Reykjavik, Iceland, concerning arms control and human rights. The meeting breaks down over Reagan's "Star Wars" initiative. 

In 2002, former President Jimmy Carter was named the recipient of the Nobel Peace Prize.

In 2005, the U.S. Army Corps of Engineers said it had finished pumping out the New Orleans metropolitan area, which was flooded by Hurricane Katrina six weeks earlier and then was swamped again by Hurricane Rita.

In 2006, the charge of treason was used for the first time in the U.S. war on terrorism, filed against Adam Yehiye Gadah, also known as “Azzam the American,” who’d appeared in propaganda videos for al-Qaida.

In 2014, customs and health officials began taking the temperatures of passengers arriving at New York’s Kennedy International Airport from three West African countries in a stepped-up screening effort meant to prevent the spread of the Ebola virus.

In 2017, the Boy Scouts of America announced that it would admit girls into the Cub Scouts starting in 2018 and establish a new program for older girls based on the Boy Scout curriculum, allowing them to aspire to the Eagle Scout rank.

In 2022, NASA announced that a spacecraft that plowed into a small, harmless asteroid millions of miles away succeeded in shifting its orbit, a test aimed at fending off any more dangerous asteroids in the future.

SSC, Evolution Space partner up

NASA’s Stennis Space Center in south Mississippi joined with Evolution Space on Oct. 10 to announce plans for the aerospace company to establish production and testing operations for solid rocket motors onsite. 

“Evolution Space gains access to critical NASA Stennis infrastructure and expertise as it continues to build its propulsion capabilities.," SSC Director Dr. Rick Gilbrech said. 

The announcement grants Evolution Space access to establish its Minor Scale Propulsion Center, while opening the door to a larger future presence at the SSC. 

It marks the first time in Stennis’ 62-year history to support production and testing of solid rocket motors. (Stennis 10/10/23) Evolution Space to Produce and Test Solid Rocket Motors at NASA Stennis - NASA

Port, LNG plans delayed in La.

 The Port of South Louisiana's controversial plan to buy the former Avondale Shipyards site took another unusual turn Tuesday, when the agency said it was delaying plans to ask the state bond commission for approval to issue the $400 million in bonds needed to buy the site. Sam Karlin and Tony McAuley report on the latest development and what it means for the project's future. Port of South Louisiana delays Avondale shipyard purchase | Business News | nola.com 


In another big deal looking less certain is the Driftwood Liquified Natural Gas facility planned for the Lake Charles area. The company filed papers with federal regulators last week saying they want to delay the project until 2029. Driftwood LNG asks for 36 more months for construction | Business News | nola.com

Tuesday, October 10, 2023

Hamas vows web executions

UPDATE

JERUSALEM - Israel increased airstrikes on the Gaza Strip and sealed it off from food, fuel and other supplies Monday in retaliation for a bloody incursion by Hamas militants, as the war’s death toll rose to nearly 1,600 on both sides. Hamas also escalated the conflict, pledging to kill captured Israelis if attacks targeted civilians without warnings. (The AP 10/10/23) Israel strikes and seals off Gaza after incursion by Hamas | AP News 

UPDATE2

SECDEF: US will supply both Ukraine & Israel

The United States will supply Israel with the capabilities it needs to combat the Hamas terror group even as it supplies Ukraine with the weaponry needed to defeat Russia, Secretary of Defense Lloyd J. Austin III said today at NATO headquarters in Brussels. (DoD 10/12/13) Austin Says U.S. Will Supply Military Necessities to Israel, Ukraine > U.S. Department of Defense > Defense Department News


Americans held hostage: President

WASHINGTON - President Joe Biden confirmed Oct. 10 that Americans are known to be among the hostages held by Hamas after its rampage over the weekend. The president delivered an emotional and angered denunciation of the terrorist attack and making it clear he expected a forceful response by Israel. 

The president delivered vivid descriptions of the atrocities. He said the known number of Americans killed now stands at 14. 

In the 10-minute speech, Biden warned other governments not to get into the fray to exploit the situation: “I have one word: Don’t.” (CNN 10/10/23) A White House official confirmed that at least 20 Americans are missing in Israel.

Biden confirms US citizens are among Hamas hostages in sharp condemnation of attacks on Israel | National | wtva.com

Saltwater wedge retreating

The Mississippi River saltwater wedge threatening New Orleans-area water supplies has retreated more than five miles, marking a positive development since the U.S. Army Corps of Engineers' announcement last week that the wedge wouldn’t arrive at local intakes for weeks, if at all. 

The New Orleans Sewerage and Water Board officials said Oct. 10 they are still preparing emergency plans, while considering permanent fixes to combat future saltwater intrusion. 

The wedge was at river mile 63.9 as of Oct. 9, according to the Corps' website. It had reached river mile 69.4, or about six miles south of Belle Chasse, as of Oct. 2. 

“That is very good news for the entire region,” said Ron Spooner, the S&WB interim general superintendent, speaking at a City Council committee meeting. 

Officials also said the river’s flow has picked up a bit with recent Midwest rainfall, helping force back the wedge after already being slowed by an underwater dam the Corps built over the summer. 

Additional rains in the forecast will likely push the wedge further south. (NOLA.com 10/10/23) Mississippi River saltwater wedge retreats by five miles | News | nola.com

Monday, October 9, 2023

Tropical system heading for coast

NEW ORLEANS – A tropical disturbance formed early on Oct. 9 in the SW Gulf of Mexico and will be monitored for development as it heads north through midweek

It is forecast to bring heavy downpours to the U.S. Gulf Coast, a parched region in desperate need of rain. 

An area of showers and thunderstorms became Disturbance No. 1 in the SW Gulf of Mexico about 100 miles north of Coatzacoalcos, Mexico, and moving northward, according to the National Hurricane Center. 

There is a low chance that a tropical depression could form within the next two days. However, the system will merge with a cold front by midweek, likely ending its opportunity for development. Regardless of development, there is both good and bad news for Texas, Louisiana, Mississippi, Alabama and the Florida Panhandle and Big Bend. 

The system will bring heavy tropical rain along the Gulf Coast. The FOX Forecast Center is predicting between 3 and 5 inches of rain will fall. (Fox 10/09/23) Gulf of Mexico tropical disturbance to soak drought-stricken US Gulf Coast regardless of development (msn.com)

Oct. 9 history: Achille Lauro

Oct. 9 in history

In 1888, the public was first admitted to the Washington Monument, which at the time was the world’s highest structure at 555 feet tall. The monument was dedicated on Feb. 21, 1885.

In 1936, the first generator at Boulder (later Hoover) Dam began transmitting electricity to Los Angeles.

In 1962, Uganda won autonomy from British rule.

In 1967, Marxist revolutionary guerrilla leader Che Guevara, 39, was summarily executed by the Bolivian army a day after his capture.

In 1985, the hijackers of the Achille Lauro cruise liner surrendered two days after seizing the vessel in the Mediterranean and killing passenger Leon Klinghoffer.

In 2001, in the first daylight raids since the start of U.S.-led attacks on Afghanistan, jets bombed the Taliban stronghold of Kandahar.

In 2004, a tour bus from the Chicago area flipped in Arkansas, killing 15 people headed to a Mississippi casino.

In 2006, Google Inc. announced it was snapping up YouTube Inc. for $1.65 billion in a stock deal.

In 2009, President Barack Obama won the Nobel Peace Prize for what the Norwegian Nobel Committee called “his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”

In 2010, Chile’s 33 trapped miners cheered and embraced each other as a drill punched into their underground chamber where they had been stuck for an agonizing 66 days.

In 2012, former Penn State assistant football coach Jerry Sandusky was sentenced in Bellefonte, Pennsylvania, to 30 to 60 years in prison following his conviction on 45 counts of sexual abuse of boys.

3rd party 'needed' for prez election?

There is little concern the independent or third-party candidates will win the presidency, but they could siphon crucial votes from the Democratic and Republican nominees.

But a recent Gallup polling showed 63% of U.S. adults agree with the statement that the Republican and Democratic parties do “such a poor job” of representing the American people that “a third major party is needed.” (The AP 10/09/23) How third-party and independent candidates could threaten Democrats and Republicans in 2024 | AP News 

Sidebar: It was reported today that Robert F. Kennedy Jr. will drop his Democrat party affiliation and run for president as an Independent. (Huff Post 10/09/23) Robert F. Kennedy Jr. Announces Independent Presidential Run (msn.com)


Indigenous Peoples Day

From Alcatraz Island to Central Park in NYC, Native American people are celebrating their centuries-0long history of resilience on Oct. 9 with ceremonies, dances and speeches. The events across the U.S. come two years after President Joe Biden officially commemorated Indigenous Peoples DayHere is a look at why it’s called Indigenous Peoples Day. (The AP 10/09/23) 


UAW strike against Mack Truck

GREENSBORO, NC – The United Auto Workers (UAW) union has informed Mack Trucks that their members voted against ratification of a new 5-year collective bargaining agreement covering about 3,900 employees at facilities in Pennsylvania, Maryland and Florida, and that the UAW will strike all of the covered facilities beginning on Oct. 9. (Mack Truck 09/08/23) UAW Members Reject Agreement with Mack Trucks, Announce Strike | Mack Trucks

Regional Note: Volvo Group has a Central Distribution Center (CDC) in Byhalia, Miss. The $70 million facility will support the company’s Mack and Volvo truck lines and employ 250 people. There was no specific information regarding this CDC facility being part of the strike at this time. 


Falling casino stocks sign of economy overall?

Casino stocks in the US have experienced a major slump in recent months, potentially signaling a decrease in consumer spending. 

Some of the biggest losers in the sector were the Las Vegas Sands and MGM Resorts, both of which have seen their share prices drop more than 20%. 

In fact, casino stocks have underperformed the S&P 500 index, which has fallen 8% since July 31. 

This decline is likely due to Wall Street's concerns about the economy, driven by factors such as rising inflation and an increase in the unemployment rate. Additionally, Americans are carrying record levels of credit card debt, indicating financial struggles for many individuals. 

The performance of the gambling industry is closely tied to the overall state of the economy. (The Press Rundown 10/09/23) Las Vegas casino stocks hint at possible economic downturn (pressrundown.com)

Defense stocks up after attack

NEW YORK - Oil prices are climbing, and stocks are edging higher in unsteady trading on Oct. 9 as violence in the Middle East injects more caution into financial markets. 

The S&P 500 was 0.6% higher in its first trading since Hamas launched a surprise attack against Israel, which then formally declared war. Trading has been unsteady with the benchmark index falling as much as 0.6% earlier. The Dow was up 169 points as of 1:01 p.m. Central time, and the Nasdaq composite was 0.4% higher. 

The area under conflict is not home to major oil production, but fears that the fighting could spill into the politics around the crude market sent a barrel of U.S. oil up 4.1% to $86.16. Brent crude, the international standard, rose 3.9% to $87.91 per barrel. 

The conflict could also hurt the possibility of potential improvement in relations between Israel and Saudi Arabia, which is the world’s second-largest producer of oil. Traders may be taking off some bets that Saudi Arabia would raise its oil output to help secure a deal on Israel with the United States, according to Singh. 

Volatile oil prices jumped from less than $70 this summer to more than $90 last week.

Monday’s rise in crude helped O&G stocks to some of Wall Street's biggest gains. Marathon Oil rose 6.5%, and Halliburton climbed 6.4%.

Stocks of defense contractors that make weapons were also particularly strong. Northrop Grumman rallied 11.5%, and Lockheed Martin gained 8.3%. On the opposite end, companies that count fuel among their biggest expenses, American Airlines sank 4.2%, and Norwegian Cruse Line fell 2%. 

The Fed has already hiked its overnight rate to the highest level since 2001, and it indicated last month it may cut rates next year by less than earlier expected. With the Fed also continuing to shrink its trove of bond investments, the yield on the 10-year Treasury has jumped to its highest level since 2007.

The 10-year yield has climbed to 4.80%, up from 3.50% during the summer. Trading in the U.S. Treasury market is closed Monday for a holiday.

This week will bring the unofficial start to earnings reporting season for the S&P 500, with Delta, JPMorgan and UnitedHealth Group among big companies scheduled on the calendar.

Gold added 1.2% to $1,867.80 per ounce. (The AP 10/09/23) Stock market today: Oil prices and defense stocks climb after Israel declares war on Hamas | Nation & World | meridianstar.com 

Regional Notes: Lockheed Martin has a facility located at Meridian, Miss. The Meridian facility has been involved in the production of aircraft components for the JetStar, the C-5 Galaxy and C-141 Starlifter strategic airlifters, the P-3 Orion submarine hunter, the F-22 Raptor fighter jet, and the C-130J Super Hercules tactical airlifter. Lockheed also has facilities in New Orleans and at Michoud. 


'Jefferson First' nominees sought

METAIRIE, La. – The Jefferson Community Foundation has extended the deadline for nominations for the “Jefferson First” Philanthropy Award. The award aims to recognize an individual making significant contributions to the parish through philanthropic giving, time, actions, talents and dedication. 

Nominations are open through Oct. 20. A committee of community leaders from both the East and West banks of Jefferson Parish will qualify nominees and select the inaugural recipient. 

The winner will be announced at the JCF Gala Celebration on Nov. 3 at the Chateau Golf & Country Club in Kenner. (Biz New Orleans 10/09/23) Final Call for Nominations: 'Jefferson First' Philanthropy Award - Biz New Orleans

Corps knew of dredging trigger

The U.S. Army Corps of Engineers has known for decades that continual efforts to deepen the Mississippi River for bigger ships would eventually trigger the saltwater crisis that has now gripped the New Orleans area for weeks. (NOLA.com 10/08/23) Corps long knew river dredging would trigger water crisis | Environment | nola.com 


Tulane economist Marcus Coleman in this week's Talking Business asks if we've come to rely too much on the Mississippi River for commerce. (NOLA.com 10/09/23)