Traded clusters – Top Clusters http://topclusters.org/ Sat, 22 Jan 2022 01:12:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://topclusters.org/wp-content/uploads/2021/10/icon-5-100x100.png Traded clusters – Top Clusters http://topclusters.org/ 32 32 The changing face of Mumbai’s chawls https://topclusters.org/the-changing-face-of-mumbais-chawls/ Fri, 21 Jan 2022 12:11:44 +0000 https://topclusters.org/the-changing-face-of-mumbais-chawls/ Eighty-seven-year-old freelance writer Pandharinath Sawant came to live with his uncle at Digvijay Mills Patra Chawl in Lalbaug when he was about eight years old. Although he was new to the chawl – a cluster of 10×10 houses built by mill owners for their workers – he did not feel left out or alone. An […]]]>

Eighty-seven-year-old freelance writer Pandharinath Sawant came to live with his uncle at Digvijay Mills Patra Chawl in Lalbaug when he was about eight years old. Although he was new to the chawl – a cluster of 10×10 houses built by mill owners for their workers – he did not feel left out or alone. An hour after his father dropped him off at his uncle’s “to study and become Saheb”, the young Sawant had made his first friend.

Sawant’s chawl is surrounded by other chawls, each with a distinct character. Each of these chawls is over 100 years old. Their faded walls, their peeling paintwork, their rickety steps, a strange window hanging on broken hinges, all speak volumes about a present caught in a time warp of development. However, Sawant’s chawl is different. It’s the cleanest of all the low-roofed houses, with a uniformity of tiled walls (inside and out). Outside, the narrow tiled path winding through the chawl, the tulsi plants in every type of pot imaginable, the motorbikes parked in front of the houses, are all designed to entice the visitor to exercise. Although this chawl is also over 100 years old, the uniformity of its exterior belies its age.

The inhabitants of the chawl proudly say that if one has lived in a chawl, one will feel lonely everywhere else. The chawls are spread out in long, even rows, with chambers so small that two inhabitants can barely stand in them at a time. Half the family sleeps on the veranda outside or in other makeshift rooms in tiny lofts. Some even sleep on the paved paths that run along the chawls.

There is a communal tap and communal toilet located at the end of the chawl. While the majority of chawls were originally single-storey, they grew vertically as the city’s population grew. The doors of the chawls are never closed. Privacy is an unheard of thing here – closed doors during the day would attract a fair amount of snickering and gossip. Each inhabitant of the chawl is aware of what is happening in the house of all his neighbors. The details of every conversation, argument, laugh or tear are whispered into willing ears, liberally sprinkled with distortion.

Modernity entered chawls a few decades ago when women swapped their sarees for the more comfortable “babydoll” or “gown”. Dressed in these, they go to the vegetable markets, the kirana shops, the fish market – just about anywhere. There was a time when every family had clothes of a similar print – the father’s underwear, the mother’s blouse, the shirts, dresses and even the parrkar-blouse (long skirt and blouse) of the young girls.

Life in a chawl A woman hangs clothes to dry on a communal balcony

The textile mills of formerly Bombay are at the origin of the birth of the chawls in the city. These mills stretched from Girangaon in the Lalbaug-Parel area in central Mumbai to Girgaum in south Mumbai, and spanned huge tracts of land. The employment opportunities offered by these factories led to large-scale migration from rural Maharashtra to Bombay, which was then much more compact than what Mumbai is today. The mill owners had probably believed that if their workers had a place to stay, it would improve productivity and keep the mills going.

While the white-collar factory workers (managerial personnel) stayed in the Girgaum chawls, the blue-collar workers stayed in the Girangaon chawls. While managerial culture seeped into the Girgaum, it was trade unionism, workers’ rights and the struggle for survival that dominated conversations in the Girangaon chawls.

Mill sirens signaling the start and end of shifts (all mills worked in three shifts) could be heard across Bombay, which stretched no further than Zion, unlike Mumbai today, which extends beyond Virar in the north and Mulund in the east. Dressed in their white kurtas, pajamas and Gandhi topis, factory workers were commonplace throughout the city. No more.

After the great factory workers’ strike of 1982, called by trade unionist Dr Datta Samant, the factory economy collapsed. Today, silent chimneys and dilapidated closed mills dot both Girangaon and Girgaum. After the sirens died down, the chawls had a burgeoning population of unemployed youths, who became easy prey for underworld gangs led by Arun Gawli and the late Rama Naik. Faced with loss of income, thousands of families faced a bleak future. Their life of misery drove many young people into crime and fights became a daily occurrence at the chawls.

Recounting the incidents of the gang wars that followed in the 1980s, a resident of Sitabai Chawl in Lalbaug said: “We stood on our balconies and saw gangsters shooting at each other. We were scared and no one could control these capricious youngsters. Those were terrible days. Even now, there are young people who accept freelance missions from developers to evict the inhabitants of chawl.

As the factory workers’ strike continued, women in the chawls began pawning their meager jewelry to make ends meet. This saw the birth of many small-scale jewelry stores that operated clandestinely as pawnbrokers. Later they started lending money at high interest rates. A percentage of their income was given to the gangs as protection money.

While Dagdi Chawl in Byculla became a gated community for those who owed allegiance to the Gawli gang, 144 Tenements (a group of chawls) barely a kilometer away, became the headquarters and residence of the Rama Naik gang.

A skyscraper seen against the backdrop of a chawl.

Be it the southern or central Mumbai chawls, the famous kinship is on display every day, in every way. They share their homes, their food, their worries, their tears, their happiness and their festivities. Everyone opens their hearts, purses, and homes for engagements, weddings, children’s birthdays, funeral rituals, and more. During the Covid-19 lockdown, when skyscraper dwellers were sequestered in their homes, the doors were left open in the chawls. “We were scared. We followed all the Covid protocols, but we helped each other. When someone got sick, the neighbors went with them to the hospital and supported them with money, help and support. workforce,” Sawant said.

According to Sawant, pandemic or not, a chawl is an extended and cohesive family unit. Meenakshi Supe, a resident of a Parel chawl, spoke of the common practice of “katori sharing”. “When we don’t have a particular item, we just take a katori and go to the neighbor and borrow it. We return it after we buy it. During Covid we all had less food to eat but no one was hungry. We shared everything we had,” Supe said.

Naresh Shinde was born and raised in a chawl in Parel. He married a girl from a neighboring chawl. While he worked with the media, his wife Supriya worked for a marketing company. Their two children, aged 5 and 10, spend the day with a neighbor while the parents are at work. “We leave the children with our neighbour, which is about 2 km away. They offered to take care of the children at no cost. It is as if our children were with their grandparents. That is the link here,” Supriya said.

As the chawls grew, a new culture and social life developed around them. Thus, theater and the culture of plays emerged in the chawls of Girangaon and Girgaum. The playwrights were born in the chawls of Girgaum and their plays about the problems faced by factory workers found resonance with those who lived in the chawls of Girangaon. Many theatres, including Bharat Mata and Hind Mata, where plays were performed, became popular with factory workers. the Tamasha the culture also became popular during this time. Today, chawls have become a victim of redevelopment. The exodus of the Marathi population from the heart of Mumbai – from its chawls to the city’s outlying northern suburbs – began a few years ago. As the Marathi population began to relocate, so did their culture. The transition from Bombay to Mumbai marked the chawls. As Bombay, the chawls have witnessed the Quit India movement, the independence movement, women’s and workers’ rights movements, and much more. The renaming has prompted neoliberal redevelopment – high-rise corporations on land where chawls and mills once stood.

Today, girls living in chawls don’t want to marry boys from chawls, while girls who grew up outside don’t want to marry and live in chawls. Joint families have become nuclear; educated and hard-working children of chawl residents prefer to live in closed societies. Since affordability is a major issue given the exorbitant real estate prices in Mumbai, a majority of young people from the chawls have moved to remote suburbs, while the elderly have returned to their villages, breaking the age-old system. of the common family.

Today, the real estate boom has transformed the landscape of Lalbaug, Parel and Girgaum, and the life of the inhabitants of chawl. After the Haji Kasam chawl, the first to be demolished and replaced by a chic 23-storey skyscraper, there has been no turning back. About 1000 families have been rehabilitated from Haji Kasam chawl to this skyscraper, changing their life and way of life forever.

Redevelopment is a strange feeling for those who expect it. They are excited about the idea of ​​moving into new homes where the bedrooms won’t turn into living rooms and kitchens. A large number of kholis (rooms) have been transformed into independent apartments; others are on the way. Redevelopment also means many rungs in the economic and social ladder and in houses whose doors remain closed. In their new homes, they don’t have access to their neighbour’s house, but closed doors mean safety and security.

Towers built to replace chawls feature state-of-the-art elevators, wide porches, and hard-to-pronounce names. From being slumdogs, Mumbai chawls become millionaires, with no pit stops in between.

(This appeared in the print edition as “Slumdogs to Millionaires”)

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Senate passes bill establishing National Rice Development Council https://topclusters.org/senate-passes-bill-establishing-national-rice-development-council/ Thu, 20 Jan 2022 04:18:45 +0000 https://topclusters.org/senate-passes-bill-establishing-national-rice-development-council/ By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NURPC) has revealed that the 2020 Marginal Fields Tender, which concluded last year, has so far raised around N174.944 billion, owners of 30 fields having partially paid and two fields blocked by legal cases. . The new commission further said that 20 companies that won the […]]]>

By Adedapo Adesanya

The Nigerian Upstream Petroleum Regulatory Commission (NURPC) has revealed that the 2020 Marginal Fields Tender, which concluded last year, has so far raised around N174.944 billion, owners of 30 fields having partially paid and two fields blocked by legal cases. .

The new commission further said that 20 companies that won the bids had partially paid, among those that won all 57 oilfields.

In May 2021, the Department of Petroleum Resources (DPR), which transformed into the NURPC with the enactment of the Petroleum Industry Act (PIA), concluded the tender for the 2020 Marginal Oil Fields , the first successful exercise since 2003, when 24 assets were put on offer.

The process that culminated in the presentation of letters to the winners in Abuja by the industry regulator, began in June 2020, with 57 marginal fields spanning land, swamp and offshore leased by the federal government.

Marginal fields are smaller oil blocks usually developed by local companies and have remained undeveloped for a period of more than 10 years.

Some of the companies that emerged winners at the time included: Matrix Energy, AA Rano, Andova Plc, Duport Midstream, Genesis Technical, Twin Summit, Bono Energy, Deep Offshore Integrated, Oodua Oil, MRS and Petrogas.

A few others who made it through the hurdle and fully met all the conditions were: North Oils and Gas, Pierport, Metropole, Pioneer Global, Shepherd Hill, Akata, NIPCO, Aida, YY Connect, Accord Oil, Pathway Oil, Tempo Oil, Virgin Forest among others.

The process was hailed as a big win for the country’s local oil and gas companies, which made a strong showing at the ceremony, with 100% of the exercise beneficiaries being indigenous entities.

Nigeria last conducted tenders on marginal fields in 2003, with 16 of the fields contributing just 2% to national oil and gas reserves.

The commission also said its revenue target for 2022 remained at N3.38 trillion, well exceeding its 2021 revenue projection of N3 trillion and that of 2020 which was set at N1.746 trillion.

In a presentation it made to the Senate Committee on Petroleum, Upstream, led by Mr. Bassey Akpan, during a monitoring meeting at its headquarters in Abuja, the agency headed by Mr. Gbenga Komolafe, explained that it had reached 1.99 trillion in revenue in 2020, beating its forecast of 1.746 billion naira by around 13.98%.

But in 2021, with a revenue target of 3.066 billion naira, the commission pointed out that it had generated 2.711 billion naira, achieving 88.45% of its revenue forecast which usually goes into government coffers. federal.

He said that despite the reduced tax provision in the PIA, the organization was on track to meet its desired revenue target for 2022.

Furthermore, NURPC lamented that with the Organization of the Petroleum Exporting Countries (OPEC) production quota of 1.683 million bpd in January and 1.701 million barrels per day in February, it is not able to pump only 1.396 million barrels per day currently, resulting in a loss. of at least 115,926 million barrels per day on a daily basis, or about $300 million per month.

“We’re losing about 115,926 barrels a day, which literally translates to about $300 million and that’s a huge loss for a nation that really needs those funds,” he said.

Mr. Komolafe attributed the underperformance primarily to oil theft, sabotage, vandalism as well as technical issues, including asset-related breakages.

“But the highest percentage is due to the theft of crude oil and as a commission we know the impact of this and recognizing our regulatory role we have been able to contact other operators to find out what we can do to this subject.

“We are trying to set up an industry-wide initiative to improve the situation and we plan to implement it in collaboration with the Nigerian National Petroleum Company (NNPC) and other stakeholders,” he said. -he adds.

However, he said that despite the charges, he would continue to promote an enabling environment for investment in the upstream oil sector, establish, monitor and regulate as well as enforce environmental measures and optimize the government’s levies on the country’s hydrocarbon resources.

In addition, the commission has undertaken to ensure compliance with the terms and conditions of the leases and licenses granted, to apply all laws relating to upstream operations as well as to maintain a database on the petroleum industry.

Mr. Komolafe, responding to questions raised by senators on environmental degradation in the Niger Delta, said that there are provisions in the PIA that provide for remedial measures.

He said the commission recognizes that the work was huge and had set up an internal committee to liaise with the senate steering committee to work on regulating the industry.

The agency’s chief executive said that if fully implemented, the PIA would address environmental issues, adding that while some pollution is attributable to normal oil operations, others could be attributed to sabotage by other parties.

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Coalition, including Eco Wave Power, chosen as a finalist in EDA’s Build Back Better Regional Challenge https://topclusters.org/coalition-including-eco-wave-power-chosen-as-a-finalist-in-edas-build-back-better-regional-challenge/ Tue, 18 Jan 2022 14:27:00 +0000 https://topclusters.org/coalition-including-eco-wave-power-chosen-as-a-finalist-in-edas-build-back-better-regional-challenge/ STOCKHOLM, January 18, 2022 /PRNewswire/ — Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE, Nasdaq US: WAVE) (“Power of ecological waves“), a leader in generating clean electricity from oceans and waves, is proud to announce that it has been selected as a finalist as part of a coalition with other regional players in […]]]>

STOCKHOLM, January 18, 2022 /PRNewswire/ — Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE, Nasdaq US: WAVE) (“Power of ecological waves“), a leader in generating clean electricity from oceans and waves, is proud to announce that it has been selected as a finalist as part of a coalition with other regional players in the $1 billion Regional Build Back Better Challenge, led by the Los Angeles County Economic Development Corporation (LAEDC).

At the time of the U.S. Economic Development Administration’s (“EDA”) announcement, Los Angeles Mayor Eric Garcetti said, “LAEDC and its community partners are doing such important work to ensure a strong and equitable economic recovery from the pandemic. This coalition embodies the spirit and innovation of our region, and I wish them success as they continue the second phase of this competition.”

The EDA Challenge helps communities nationwide by accelerating economic recovery from the coronavirus pandemic and building local economies that will withstand future economic shocks. The Build Back Better Regional Challenge is the U.S. Department of Commerce’s biggest economic development initiative in decades.

As a finalist, the coalition was rewarded $500,000 further develop plans for several coordinated projects to advance more equitable and sustainable growth in the region. The coalition will move to phase 2 and will compete until $100 million in US bailout funding to develop and scale blue and green growth innovations within the Goods Movement (GME) ecosystem by Southern California. This next step includes a proposal for the implementation of a first-of-its-kind pilot wave energy system at AltaSea at the Port of Los Angeles (“AltaSea”), a non-profit organization dedicated to accelerating scientific collaboration, fostering an emerging blue economy, and inspiring the next generation, all for a more sustainable, just world. and fair.

Inna Braverman, founder and CEO of Power of ecological waves, said, “We are very proud to be part of the LAEDC-led coalition. We believe that we can contribute significantly to its mission to leverage the innate convergence of blue and green economies at the port of Los Angeles and beyond to create new jobs and businesses for the region, while improving the environment and increasing the resilience of America’s primary commercial gateway. We are excited to enter phase 2 of the program by implementing our innovative technology at AltaSea’s premises in the port of Los Angeles. This project will be the first time that clean electricity will be sent from ocean waves to Los Angeles electrical network.

LAEDC brought together and facilitated a regional coalition of regional actors from government, business, non-profit organizations and academia. In addition to Power of ecological waves, stakeholders include AltaSea at Port of Los Angeles; the City of Los Angeles, headed by the mayor’s office Eric Garcetti and the city council; the Economic Development and Workforce Department (EWDD); LA Department of Water and Power (LADWP); Public works; LA Department of Transportation; the Port of Los Angeles; Toyota Motor North America; Shell; Los Angeles Cleantech Incubator (LACI); Urban Movement Laboratories (UML); Santa Monica College; the Los Angeles Regional Strong Workforce Consortium of 19 area community colleges; the Entrepreneur Education Center, Inc. (EECI) in South Los Angeles; the Long Beach Economic Partnership; and PledgeLA.

The EDA received 529 applications from regions in all 50 states and five territories, and the 60 finalists represent regions that have formed extraordinary coalitions, demonstrated regional needs, and presented bold proposals to develop their target industry clusters. Ranging from rural communities and coastal cities to large metropolises, the finalists represent a diverse cross-section of the United States

For the official press release on the AltaSea website, please see the following link: LAEDC’s Stephen Cheung on LA’s Build Back Better “Blue-Green” Regional Grants Challenge – AltaSea

For the full list of members of the LAEDC-led coalition, please see the attached PDF, which is not part of this press release.

About Eco Wave Power Global AB (publ)

Power of ecological waves is a leading onshore wave energy technology company that has developed patented, smart and cost-effective technology to turn ocean and sea waves into green electricity. Eco Wave Power mission is to help fight climate change by enabling commercial electricity generation from the ocean and waves.

Power of ecological waves is recognized as a “pioneering technology” by the Israeli Ministry of Energy and has been labeled an “Efficient Solution” by the Solar Impulse Foundation. The Eco Wave Power project in Gibraltar has received funding from the European Union Regional Development Fund and the European Commission’s Horizon 2020 framework programme. The company also received the “Global Climate Action Award” from the United Nations.

Eco Wave Power the common stock (ECOWVE) is traded on the Nasdaq First North and its ADS (WAVE) is traded on the Nasdaq Capital Market.

Vator Securities is the company’s Certified Advisor (+46 8 580 065 99, [email protected]).

For more information please contact:

Inna Braverman, CEO
[email protected]
+97235094017

For any additional investor/media inquiries, please contact:

Investor contacts:
Matt Chesler, CFA
FNK IR
+1.646.809.2183
[email protected]

Media Contact:
Allison & Partners
[email protected]

Forward-looking statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions or variations of these words are intended identify forward-looking statements. For example, Power of ecological waves uses forward-looking statements when discussing the Regional Build Back Better Challenge and its participation in Part II of the Regional Build Back Better Challenge, and its belief that it can contribute significantly to LAEDC’s mission to leverage the innate convergence of the blue and green economies at the port of Los Angeles and beyond to create new jobs and businesses for the region, while improving the environment and increasing the resilience of America’s primary commercial gateway. These forward-looking statements and their implications are based on the current expectations of the management of Power of ecological waves and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Unless otherwise provided by law, Power of ecological waves assumes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events. More detailed information on the risks and uncertainties affecting Power of ecological waves is listed under the heading “Risk Factors” in Eco Wave Power Registration Statement on Form F-1 filed with the SEC, which is available at the SEC’s website, www.sec.gov.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ewpg-holding-ab–publ-/r/coalition–incluant-eco-wave-power–chosen-as-a-finalist-in-eda-s-build- back-better-challe-regional,c3487495

The following files are available for download:

SOURCE EWPG Holding AB

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JP Morgan picks its best CRE categories for investing https://topclusters.org/jp-morgan-picks-its-best-cre-categories-for-investing/ Fri, 14 Jan 2022 12:18:51 +0000 https://topclusters.org/jp-morgan-picks-its-best-cre-categories-for-investing/ JP Morgan sees a range of sectors in the United States that are benefiting from strong user demand and will do well in 2022, according to its 4th annual Global Alternatives Outlook report. The report is based on the opinions of CEOs, CIOs and strategists at JP Morgan’s more than $200 billion alternative platform. It […]]]>

JP Morgan sees a range of sectors in the United States that are benefiting from strong user demand and will do well in 2022, according to its 4th annual Global Alternatives Outlook report.

The report is based on the opinions of CEOs, CIOs and strategists at JP Morgan’s more than $200 billion alternative platform. It provides a 12-18 month perspective on the trends influencing their respective markets, as well as their most promising investment ideas and thoughts on underestimated risks investors may face.

Logistics, multi-family, outdoor industrial storage top the list

Logistics properties (especially infill logistics assets in the so-called last mile between urban storage facilities and consumers); suburban multifamily and single-family housing in the Sunbelt states; campus-like clusters (or nodes) of amenity-rich offices for the technology sector; and outdoor industrial storage facilities (including bus stations, parking lots, and equipment storage) in key urban locations are expected to thrive.

Further into 2022, JP Morgan believes that “contrarian investment opportunities in the struggling corporate and retail sub-sectors may begin to emerge,” according to the report. “Office rental markets are expected to recover slowly, potentially creating refinancing issues for asset owners. If the decline in asset values ​​exceeds the intrinsic development costs associated with these properties, opportunistic investments in offices could become very attractive.”

Although contrarian plays are already apparent in retail, this sector is very different, says the JP Morgan report.

“Maintaining the focus on quality is essential. Our case for highly selective retail investing has been validated, somewhat paradoxically, by the pandemic: retail assets in prime locations that have benefited from large capital investments are booming, while poor quality fail. The chasm between the two seems destined to widen in the coming months.

Core US Real Estate in ‘Sweet Spot’

Economic growth and inflation are creating a “sweet spot” for basic real estate in the United States, according to the report.

“Economic growth prospects remain strong while the cost of capital is still cheap,” JP Morgan said. “Historically low interest rates and rising inflation are currently supporting asset class valuations. Investors should be careful, however, as these favorable conditions may not last.”

According to the report, cash flow-generating assets are expected to become increasingly expensive in 2022 as the real estate market becomes more crowded.

“Since the onset of the economic recovery in late 2020, we have seen unprecedented fundraising by unlisted private real estate investment trusts (REITs) and an acceleration of institutional portfolio rebalancing, which still lags the value spikes in equity and fixed income portfolios,” JP Morgan said. “As investors come under increasing pressure to find yield-producing assets, we expect to see capital flows to the ‘real estate rise sharply.’

At the same time, long-term megatrends, such as the growing popularity of e-commerce transactions and, in the United States, population migration to Sunbelt states, continue to drive demand for real estate assets from niche, according to the report.

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Investing In Office REITs The motley fool https://topclusters.org/investing-in-office-reits-the-motley-fool/ Wed, 12 Jan 2022 15:15:01 +0000 https://topclusters.org/investing-in-office-reits-the-motley-fool/ Office real estate investment trusts (REITs) own, manage, develop and lease office space leased to various tenants. These properties range from skyscrapers in America’s largest cities to expansive office campuses in the suburbs. This real estate is crucial for businesses that use office space to support their operations. Here’s a more in-depth look at desktop […]]]>

Office real estate investment trusts (REITs) own, manage, develop and lease office space leased to various tenants. These properties range from skyscrapers in America’s largest cities to expansive office campuses in the suburbs. This real estate is crucial for businesses that use office space to support their operations.

Here’s a more in-depth look at desktop REITs, including how they work, benefits, and risks, and some of the best desktop REITs to consider in 2022.

Image source: Getty Images.

Understanding Desktop REITs

Most office REITs focus on a specific type of property, tenant or location. Some office REITs focus on multi-tenant office buildings in central business districts. Office space in these areas tends to remain in high demand, allowing these office REITs to maintain high occupancy rates and benefit from ever-increasing rental rates.

Other office REITs focus on large office campuses. They often lease entire buildings to a single tenant under long-term triple net leases. Meanwhile, some REITs focus on specialized office buildings to meet the needs of a specific type of tenant. These properties can include highly secure buildings for government agencies, creative space for tech and media companies, or specialized lab space for life science companies.

Many office buildings derive additional revenue from parking fees, while some large skyscrapers have an observatory that generates revenue from ticket sales. Meanwhile, many office buildings are also renting retail space to stores and restaurants.

Benefits of investing in office REITs

Most office tenants sign long-term leases. Terms can range from five to ten years for space in multi-tenant office buildings to over ten years for a net single-tenant office lease. Long-term leases provide office REITs with relatively stable cash flow. They also help mitigate the impact of a recession, as office REITs don’t have to try to rent out all of their space during a downturn. For this reason, most office REITs only experienced a relatively modest drop in rental income during the COVID-19 pandemic.

Meanwhile, the demand for office space has been relatively sustainable. Many companies have adopted a hybrid model that allows their employees to work from home more often, so most tenants continue to rent office space. They found that having employees together in an office can increase collaboration, coordination, and productivity.

Given their stability and durability, office buildings tend to gradually gain in value. Their combination of stable income and appreciation makes them attractive real estate investments for institutional investors such as pension funds.

Risks of Investing in Office REITs

Given the ongoing pandemic, there is still a lot of uncertainty about what the future holds for offices. Companies have had to push back plans to return to the office over concerns over the more contagious and vaccine-resistant variants of the coronavirus. Meanwhile, many office workers favor remote working, which could force more companies to permanently adopt some form of hybrid policy and potentially reduce their office space requirements in the future.

This could add to the oversupply risk that often plagues the office REIT industry. Developers usually start building office buildings on the basis of speculation, betting that they will find tenants before they complete construction. However, if developers build too much supply, it can weigh on occupancy rates and rental rates in some markets.

Office REITs also face interest rate risk. Office buildings are expensive, forcing REITs to borrow money to acquire and develop these properties. As interest rates rise, they can increase interest charges if an office REIT uses floating rate debt or has short-term debt maturities. In addition to this, rising interest rates increase the return on income from low-risk investments such as obligations. As a result, REIT stock prices often fall as interest rates rise because REITs have to rise. dividend yields compensate investors for their higher risk profile.

3 best office REITs to buy

At the start of 2022, 22 listed on the stock exchange REIT focused on owning office buildings. Here’s a closer look at the three best office REITs for investors to consider:

Office REITs

Stock symbol

Market capitalization

Company Description

Alexandria real estate actions

(NYSE: ARE)

$ 34.3 billion

A desktop REIT focused on the life sciences industry.

Boston Properties

(NYSE: BXP)

$ 19.5 billion

This office REIT focuses on the main gateway cities.

Properties of cousins

(NYSE: CUZ)

$ 6.2 billion

An office REIT focused on the Sun Belt.

Data source: Ycharts and company websites. Market capitalization data as of January 4, 2022.

Alexandria real estate actions

Alexandria focuses on specialist office space for the collaborative life sciences, agricultural tech and tech industries. It has campuses in key urban innovation hubs in Boston, the San Francisco Bay Area, New York, San Diego, Seattle, Maryland, and North Carolina’s Research Triangle.

The company’s focus on collaborative space has been a key differentiator during the pandemic. While many office tenants could easily allow their employees to work from home, some have required in-person work in specialized environments. The pandemic has proven to be a boon to the life sciences industry as billions of dollars have been invested in space to fund research and development of diagnostic tests, therapies and vaccines. This fueled the demand for laboratory space, increasing occupancy levels and rental rates at the Alexandria facilities. It also provided the company with opportunities to continue to expand its portfolio.

Boston Properties

Boston Properties is the world’s largest publicly traded developer and owner of Class A office buildings, which are modern buildings in prime locations. She focuses on owning properties in six major coastal cities: Boston, Los Angeles, New York, San Francisco, Washington, DC and Seattle. The Offices REIT also has a large and growing portfolio in the life sciences area.

Boston Properties has strategically capitalized on growth regions and sectors during the last years. It increased its exposure to tenants in the life sciences, technology, advertising, media and information industries. It has also expanded its presence in growing markets, including increasing its exposure to San Francisco and entering Los Angeles and Seattle. It is a leading developer, with $ 2.7 billion in active development at the start of 2022, including several life science projects. These developments position Boston Properties to continue to increase shareholder value in the years to come.

Properties of cousins

Cousins ​​Properties is focused on Class A office buildings in the fast growing Sun Belt markets. It owns modern office buildings in Austin, Atlanta, Phoenix, Charlotte, Tampa, Houston and Dallas. Cousins ​​also has several additional office buildings under development in several of its existing markets and a new one in Nashville.

Cousins ​​Properties’ focus on the Sun Belt region has paid off during the pandemic. The region has benefited from a significant migration from the cold and expensive towns along the coasts to the cheaper and warmer towns of the Sun Belt. Businesses are also moving to the region due to a better business climate and abundant labor pools.

The best office REITs focus on growing markets

The pandemic has affected the office sector as more companies have allowed employees to work remotely. However, there are pockets of growth, particularly for Class A offices and labs, and in the Sun Belt region. Office REITs focused on these growth engines stand out among investors in 2022.

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Amazon (AMZN) Expands AWS Portfolio with New EC2 Instances https://topclusters.org/amazon-amzn-expands-aws-portfolio-with-new-ec2-instances/ Tue, 11 Jan 2022 20:18:00 +0000 https://topclusters.org/amazon-amzn-expands-aws-portfolio-with-new-ec2-instances/ AmazonAMZN’s cloud division, Amazon Web Services (“AWS”), has made its new specially designed Amazon Elastic Compute Cloud (Amazon EC2) instances – Hpc6a – generally available in an effort to bolster its compute offerings. Notably, the new instances, backed by 3rd Generation AMD EPYC processors, are designed to run large-scale High Performance Computing (HPC) workloads in […]]]>

AmazonAMZN’s cloud division, Amazon Web Services (“AWS”), has made its new specially designed Amazon Elastic Compute Cloud (Amazon EC2) instances – Hpc6a – generally available in an effort to bolster its compute offerings.

Notably, the new instances, backed by 3rd Generation AMD EPYC processors, are designed to run large-scale High Performance Computing (HPC) workloads in the cloud while delivering pricing performance up to 65% better.

Hpc6a instances are enabled with Elastic Fabric Adapter (EFA), which helps customers increase operational efficiency by providing low latency, low jitter, and up to 100 Gbps of EFA network bandwidth.

These instances provide a cost-effective way to scale HPC clusters on AWS to run their most compute-intensive workloads, including weather forecasting, molecular dynamics, computational chemistry, financial risk modeling, computational fluid dynamics. and computer aided engineering.

Amazon.com, Inc. pricing and consensus

Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote

Clientele to expand

We believe this latest initiative will help AWS gain traction among customers in the data-driven world, where demand for HPC is rapidly increasing.

Notably, customers like Maxar Technologies, DTN, and TotalCAE have already expressed interest in Amazon EC2 Hpc6a instances.

We believe growing customer dynamics will continue to drive AWS revenue. In addition, building customer base will continue to help its dominance and competitive advantage over its strong peers like Microsoft MSFT and Alphabetis GOOGL Google.

In addition to customer interests for the new service, AWS was chosen by Rivien RIVN as the preferred cloud provider.

With the goal of improving the efficiency and performance of electric vehicles and accelerating the transition of consumers and businesses to these vehicles, Rivian leverages the analytics, compute, container and machine learning capabilities of AWS.

Additionally, Aurora recently selected AWS as its preferred cloud provider for machine learning training and cloud-based simulation workloads.

Again, the Nasdaq signed a multi-year agreement with AWS to accelerate the development of advanced cloud infrastructure for global financial markets. It is preparing to move its North American markets to AWS.

Expansion of the portfolio

The latest move bodes well for AWS’s growing efforts to expand its portfolio of products and services.

In addition to Amazon EC2 Hpc6a instances, the company recently unveiled a visual development environment – AWS Amplify Studio – that enables web application user interface creation with minimal coding.

The company recently announced a managed wide area network (WAN) service, namely AWS Cloud WAN. The new service facilitates the seamless development, management, operation and monitoring of a global network using a central dashboard.

Additionally, the company introduced AWS Private 5G, enabling businesses to seamlessly deploy and scale their 5G mobile network.

AWS also announced a managed service called AWS IoT FleetWise, which can cost-effectively collect and transfer data from millions of vehicles to the cloud in real time.

He announced AWS IoT TwinMaker, which enables the rapid creation of digital twins of devices, equipment and processes.

The company unveiled three Amazon Elastic Compute Cloud (Amazon EC2) instances, namely C7g, Trn1, and Im4gn / Is4gen / I4i.

Additionally, AWS has made Amazon EC2 DL1 instances generally available. DL1 instances, supported by Gaudi accelerators from Habana Labs, help in training ML models.

To conclude

We believe that all efforts, along with the expansion of data center and cloud region, will continue to help Amazon gain customer base in the booming cloud market.

However, Amazon, which currently holds a Zacks Rank # 5 (Strong Sell), is currently facing stiff competition from Microsoft and Alphabet.

You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Notably, Microsoft Azure has become the main engine of growth for Microsoft. The company is currently focusing on robust adoption of Azure cloud offerings. Notably, Azure’s growing number of availability zones and regions around the world, along with the strength of its consumption-based business, are expected to continue to drive Microsoft’s cloud momentum in the near term.

Likewise, Google Cloud contributes to substantial growth in Alphabet’s total revenue. The expansion of data centers, availability zones and cloud regions should continue to strengthen Alphabet’s cloud position.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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India’s Pursuit of Semiconductor Business, Right-of-Way and Upcoming Events https://topclusters.org/indias-pursuit-of-semiconductor-business-right-of-way-and-upcoming-events/ Tue, 11 Jan 2022 09:21:26 +0000 https://topclusters.org/indias-pursuit-of-semiconductor-business-right-of-way-and-upcoming-events/ Drivers: infrastructure, capital and technology: In today’s era, semiconductors or chips are the lifeblood of all digital products. Maybe India imports 100% of its semiconductors. No country has so far established complete autonomy in the semiconductor value chain. However, Indian companies such as Tata and others have recently announced their aspirations to increase their design […]]]>

Drivers: infrastructure, capital and technology:

In today’s era, semiconductors or chips are the lifeblood of all digital products. Maybe India imports 100% of its semiconductors. No country has so far established complete autonomy in the semiconductor value chain. However, Indian companies such as Tata and others have recently announced their aspirations to increase their design lead and speed up manufacturing. The Tata Group is looking to get into semiconductor manufacturing and has set up a company to seize the opportunity.

Chip design and manufacturing is capital intensive. Setting up the Semiconductor Wafer Fabrication (FAB) unit is a capital-intensive proposition. The investment required to set up a FAB can range from $3 billion to $6 billion, depending on the technology node and wafer capacity of the FAB. Unless the commercial viability of such an investment is evident, private investors will not come forward.

Chip manufacturing, being technology and capital intensive, requires the availability of specialized equipment. Around 50 pieces of equipment are needed along the semiconductor supply chain. Some of them are lithography tools, metrology and inspection equipment and subsystems such as optical or vacuum subsystems, gas and fluid management, thermal management or handling of platelets.

A semiconductor is the real deal for every industry and also attracts the utmost attention from every department. Recently, Finance Minister Nirmala Sitharaman in August 2021 at the CII Annual Meeting said that the industry must bring chip manufacturing to India given the global shortage of semiconductors affecting manufacturing in the whole world. FM Sitharaman also said the industry must focus on a self-sufficient Indian plan for its energy needs.

We need to move to more Original Design Manufacturing (ODM) models: In an interview, Ajai Chowdhry, who is the Chairman of Electronics Sector Skills Council of India, discussed the country’s race in electronics manufacturing, its shortcomings and what it needs to do to make an impact.

He cited that what we have done in the past 3-4 years is a phenomenal amount of work to bring manufacturing to India. But what really happened is that the manufacturing width happened in the electronics, but the depth is still not good enough, which is necessary. The depth happens if you start designing in India. When you start designing here, you can use components available in India. Some will be imported, but some are available. If we start to manufacture products in India, we will define the components that we will use for this. As we design in India, you will see more depth happening and we will create a market for our future semiconductor fabs.

Recent developments and way forward: Semiconductors such as memory chips are a backbone and a prerequisite for any effort in emerging technologies. From smartphones reliant on artificial intelligence (AI) to the adoption of the Internet of Things (IoT), 5G or the automotive sector, nothing has been spared by semiconductors. Semiconductors or chips are used in energy technologies that enrich the lives of consumers and enable businesses to operate smarter, faster and more efficiently.

In recent years, the government has launched many policies to establish FAB units and support infrastructure in India. Some of them are EDF (Electronic Development Fund), EMC (Electronic Manufacturing Clusters), ESDM, SPECS, M-SIP, PLI. Despite these incentives, investments for the establishment of manufacturing units from global majors such as TSMC, Intel and Samsung have not materialized.

We are still looking for ways to achieve this very soon. Many relevant and effective measures are taken for the same.

India is planning a 76,000 cr red carpet for semiconductor companies: The government plans to provide incentives worth Rs 76,000 crore for the establishment of more than 20 semiconductor design, component manufacturing and display fabrication (fab) units over the next six years , with the aim of making India an electronics hub.

“Through various PLI (Production Linked Incentive) schemes, the Center has attempted to broaden the scope of manufacturing and exporting from India, while the semiconductor policy will help deepen the manufacturing base. from India. The government’s target includes one to two manufacturing units for displays and 10 units each for component design and manufacturing. Semiconductors are used to manufacture a wide range of products ranging from automobiles to handsets.

It is also mentioned that India should create a “National Semiconductor Mission” because “the world needs India in this field”. It is also added that the Performance Linked Incentives (PLI) program for smartphones needs to be revamped and needs a course correction if the country is to reach the target of $300 billion in electronics manufacturing by 2025- 26.

The suggestions emerged during presentations made to senior government ministers at the ongoing “Azadi Ka Digital Mahotsav” after the heads of several companies debated how India can achieve its big goal. As much as we pursue the semiconductor business, the world needs India for semiconductors.

Opportunity and Challenges

$100 billion in opportunities in India by 2025: The global semiconductor market is expected to grow from $340 billion in 2015 to $650 billion in 2025, growing at a CAGR of 6.7%. Taiwan is the world’s largest semiconductor manufacturer, with a market share of over 50%.

Today, India’s semiconductor demand stands at around $24 billion and is expected to reach $100 billion by 2025. Currently, the country’s semiconductor demand is fully met by the imports. With the growth in technology and the advent of IoT and 5G technology in India, the demand for semiconductor chips is increasing. India is expected to witness a surge in demand by 2025, driven by electronics manufacturing, IoT data center products and facilities. Semiconductor shortages during the pandemic and the new geopolitical realities of semiconductor supply chains further exacerbate the need to develop trusted and reliable sources for semiconductors.

$10 billion increase for semiconductor manufacturing in India: In a bid to make India an electronics hub, the government plans to offer incentives worth 760 billion Indian dollars (about US$10 billion) for setting up more 20 semiconductor design, component manufacturing and display manufacturing (fab) units over the next six years. year.

India’s Tata in talks to set up $300m semiconductor assembly unit: Indian group Tata is in talks with three states to invest up to $300 million in setting up a semiconductor assembly and test unit. Tata is talking to the southern states of Tamil Nadu, Karnataka and Telangana and seeking land for the outsourced Semiconductor Assembly and Test (OSAT) plant. Although Tata has previously said it is likely to enter the semiconductor business, this is the first time that reports of the group’s foray into the sector and its scale have been reported.

An OSAT factory package assembles and tests foundry-made silicon wafers, turning them into finished semiconductor chips. Although they (Tata) are very strong on the software side, hardware is something they want to add to their portfolio, which is very critical for long-term growth.

Upcoming challenges!

Unprecedented pandemic: Speaking of challenges, the latest semiconductor chip crisis has rippled through entire swaths of the economy that depend on it. From automotive to electronics, the chip shortage has rocked businesses and countries. Amid this unprecedented crisis, India is in talks with Taiwan to set up an indigenous semiconductor assembly plant worth $7.5 billion, with the Indian government paying at least half the amount.

In February 2019, a year before the pandemic hit, the Semiconductor Industry Association (SIA) announced that in 2018 alone, a record “over a trillion chips” had been sold. A more recent report from the Wall Street Journal indicates that semiconductors rank as the world’s fourth most traded commodity (imports and exports, counted), after crude oil, refined oil and cars. Today we are witnessing a shortage of semiconductors in most parts of the world. The reasons are many, but the solutions are few.

But while India dreams big of becoming a new semiconductor processing hub for the world, the likely outcome will be far more modest or disappointing.

The stranglehold of Taiwan and other competitors: India is not the only country dreaming of becoming a semiconductor manufacturing hub. China has invested considerable resources and political will to become a major center for chip manufacturing and processing. But China’s manufacturing prowess lacks the capacity to make the latest and most efficient processors. Taiwan, on the other hand, and in particular the Taiwan Semiconductor Manufacturing Company, holds a virtual monopoly in the global chip manufacturing industry. The company is responsible for more than half of all semiconductor chips manufactured in the world, and the country as a whole is responsible for more than 60% of global production. Other major centers include South Korea and the United States.

Sheeba Chauhan | Sub-editor | ELE times

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Q&A: Recruit, help small businesses https://topclusters.org/qa-recruit-help-small-businesses/ Fri, 07 Jan 2022 14:24:49 +0000 https://topclusters.org/qa-recruit-help-small-businesses/ Nestled in the southern Appalachians, the town of Brevard is located opposite Wilmington. But Brevard has things in common with the port city: the city is a tourist and cultural hub and a retirement destination. So when Josh Hallingse traded in the breezes of the Brevard Mountains for a touch of salt air to work […]]]>

Nestled in the southern Appalachians, the town of Brevard is located opposite Wilmington. But Brevard has things in common with the port city: the city is a tourist and cultural hub and a retirement destination.

So when Josh Hallingse traded in the breezes of the Brevard Mountains for a touch of salt air to work at the Wilmington Chamber of Commerce, he immediately recognized the major strengths that the two places share and that money cannot. buy: incredible natural settings and a feeling of belonging.

As vice president of small business development and business retention – a new position for the chamber – Hallingse plans to leverage these assets not only to attract new small businesses to Wilmington, but also to help those that are already here to develop.

GWBJ: Tell me about your new position in the chamber.

HALLINGSE: “My role in the chamber is to serve and develop the New Hanover County small business community. This includes service to chamber members, but, just as important, includes service to businesses that are not related to the organization or perhaps not related to one of our economic development partners.

The goal is to be determined on how we develop as a world class city. To that end, we are creating a proactive business retention and expansion effort that aims to reach out to New Hanover County’s network of small businesses and entrepreneurs and listen and respond to their feedback.

GWBJ: What drew you to this job?

HALLINGSE: “Long before COVID-19, I believed in the value of creating places and the growing importance of unique natural assets to the way people experience a place.

These strengths are really hard to measure as part of the site selection process in traditional economic development projects, but I think they are essential parts of how people naturally choose where they want to live and work.

Given that the main national problem for businesses is the development, attraction and retention of talent, I believe that cities that pay close attention to this trend will be the best performers in the long run. “

GWBJ: How does the chamber define a small business?

HALLINGSE: “A private company with less than 25 employees.

GWBJ: How important are small businesses to Wilmington?

HALLINGSE: “This is where most new businesses and jobs are created every day in New Hanover County. While it is impossible to overstate the importance of our large corporate citizens, small businesses account for the bulk of the typical job creation that occurs. They don’t usually get the same attention.

GWBJ: Wilmington has become a hub for entrepreneurs, especially in the tech and life sciences industries. What other areas of small business here are doing well but not necessarily visible to the public?

HALLINGSE: “I’m still getting to know these emerging clusters, but you’re absolutely right; New Hanover County is incredibly fortunate to have world-class business leadership.

Much like businesses with a larger footprint, small businesses in Wilmington also operate in industries that have a proven track record on the broad end of the spectrum. These include logistics / distribution, pharmaceuticals / life sciences, fintech and food / beverage.

Being new to eastern North Carolina, I am also amazed at the impact and leadership that exists in Wilmington when it comes to the defense industry and the marine and engineering sectors.

Coming from a similar market in the western part of the state, I also see the potential and consolidation of outdoor equipment manufacturing and product design as an opportunity. The sectors of fishing, cycling, surfing and other businesses linked to our great outdoor assets seem to be a unique opportunity.

GWBJ: What are the greater Wilmington area’s most valuable assets? What sets us apart from entrepreneurs?

HALLINGSE: “In my mind, the ocean, the river and access to talent are our most powerful assets. In Wilmington, we combine our incredible access to water with an incredible pipeline of talent. … “

GWBJ: What areas need more work?

HALLINGSE: “I would be remiss if I did not mention transportation. In particular, the Cape Fear Memorial Bridge needs to be replaced.

Wilmington is by far the largest city on the North Carolina coast. To continue to be the hub for quality, well-paying jobs, Wilmington must continue to position itself as the transportation hub for the region.

GWBJ: What are your main goals for 2022?

HALLINGSE: “I started to formalize our Business Retention and Expansion (BRE) program, which is basically a fancy way of saying that we are now proactively reaching out to small business owners and entrepreneurial businesses instead of waiting. that they contact us when there is a problem.

By nature, I am listening. My goal is to really listen and be a resource.

It could mean helping with a property search, connecting a business with private equity partners, or compiling data to support an expanded business plan. My goal is to be an extension of a business owner’s staff and help solve issues that might hinder job growth and investment.


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Why KPIT Technologies share rose 19% today https://topclusters.org/why-kpit-technologies-share-rose-19-today/ Fri, 07 Jan 2022 10:31:01 +0000 https://topclusters.org/why-kpit-technologies-share-rose-19-today/ KPIT Technologies stock was up 18.52% during the day in today’s afternoon session amid large volumes traded at the window. On January 5, Goldman Sachs launched a cover with a call to buy on the stock. The brokerage sees a rise of around 75 percent to Rs 1,040 amid strong growth prospects. The action hit […]]]>

KPIT Technologies stock was up 18.52% during the day in today’s afternoon session amid large volumes traded at the window. On January 5, Goldman Sachs launched a cover with a call to buy on the stock. The brokerage sees a rise of around 75 percent to Rs 1,040 amid strong growth prospects.

The action hit a record high of Rs 749 today against Rs 631.95 in the previous session. The stock has gained 18.96% in the past 2 days. The action opened 4.36% higher at Rs 659.50 today.

KPIT Technologies stock is trading above 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The stock fell to a 52-week low of Rs 127.60 on January 25, 2021 on BSE.

KPIT Technologies stock has gained 425% in one year and 15.87% since the start of this year. In one month, the stock has climbed 42.53%.

A total of 10.35 lakh of shares in the company changed hands, representing turnover of Rs 74.29 crore on BSE. The company’s market capitalization reached Rs 19,461 crore on the BSE.

The brokerage said: “We are launching on KPIT Technologies with a buy note with a target of Rs 1,040 each as it is uniquely positioned as a 100% automotive software integrator helping major OEMs to accelerate their R&D projects in production platforms linked to CASE. “

“As the automotive industry focuses on electric powertrains, our bottom-up work with our global analyst teams indicates that R&D spending on CASE technologies (connected, autonomous, shared, electric) among the top 10 spend Global automotive R&D is set to triple in fiscal year 21. -FY26 to $ 61 billion. Europe’s CY35 ban on sales of ICE vehicles has accelerated this change, ”the foreign brokerage firm said in its report.

“KPIT occupies a unique position as a 100% automotive software integrator helping major OEMs to accelerate their R&D projects in production platforms linked to CASE. improvement of the battery management system; combined with a strong talent pool (3rd largest automotive technology talent pool in the world), positions it well to gain portfolio share in the growing CASE R&D area, ”said Goldman Sachs.

KPIT Technologies Limited is an India-based technology company focused on automotive engineering and mobility solutions. The company offers electronic and mechanical engineering solutions to its customers.

It also analyzes data for diagnostics, maintenance and monitoring of assets and associated connectivity solutions, including data and analysis beyond embedded or mechanical engineering and their connectivity and integration with systems and platforms. -Back-end information technology (IT) forms for the automotive and mobility sector.


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Capitol police and the scars of the January 6 riot https://topclusters.org/capitol-police-and-the-scars-of-the-january-6-riot/ Tue, 04 Jan 2022 10:00:20 +0000 https://topclusters.org/capitol-police-and-the-scars-of-the-january-6-riot/ Edwards was one of many members of the force who suffered concussions; of the seven or eight officers of Gonell’s squad who served on the 6th, there were three, and a possible fourth. By March, Devan Gowdy had passed the acute phase of his concussion: sleeping around the clock, waking up from nightmares that left […]]]>

Edwards was one of many members of the force who suffered concussions; of the seven or eight officers of Gonell’s squad who served on the 6th, there were three, and a possible fourth. By March, Devan Gowdy had passed the acute phase of his concussion: sleeping around the clock, waking up from nightmares that left him in the grip of feelings of murderous rage. Yet he knew he wasn’t himself, or the me he was before the 6th. An exceptionally sensitive person – his best friend, growing up, was the old antique dealer who lived next door. – he had become someone who could be agitated with fury. He often woke up crying, turning to his fiancée in bed to tell her how scared he was, even though he couldn’t identify any threats.

Nicole’s husband also showed unusual volatility, his anger at times explosive. She did not hold her husband responsible for it. She believed that if she could just be even more organized, control any possibility of chaos – as if the chaos of life with three children could be controlled – she could spare her husband the stress exposure, spare them all of his reactions to it. this stress. So she stayed up late, folding every piece of laundry, writing more lists for the week ahead, making sure her son’s baseball uniform was where it needed to be so that there was no last minute panic, no hassle, no explosions.

By early spring, some of the officers who were on leave were starting to return. But her husband was still receiving treatment for his brain injury, mental exercises to help restore his balance that left him nauseous and exhausted. He had blackouts; he was frustrated by these blackouts. Complicated paperwork like the one she was always filling quickly overwhelmed her, so she stopped trying to explain the mind-numbing and obscure logistics of her medical care. He was still on the group texts his friends at the North Barricade Crew sent regularly, but since he had been gone for so long he didn’t always know what they were talking about.

On April 2, Nicole’s family and in-laws were in Luray Caverns, outside of Shenandoah National Park in Virginia, trying to distract her husband from his problems, when she saw him. check his phone. Then he was on the ground, a tall, heavy man with a long beard, fallen to his knees. The texts were arriving: there had been an attack on the Capitol. Two men from the north barricade were injured, one much worse than the other. One of them was Billy Evans. It was a knife – no, it was a man with a gun. No, a car hit them, colliding directly with Evans. This has been confirmed. Nicole’s own phone started ringing with messages from other officers and lieutenants that she had to prepare – her husband – for the worst. Her husband told his parents to take the kids to the gift shop, then he stayed where he was, crying uncontrollably over a railing. He regained his composure enough to get into the car, but it was impossible to maintain when, a few minutes after the start of the journey, he received the text: Billy was gone.

As a business out of habit, Anton usually parked his Jeep on Delaware Avenue, right next to the north barricade where Billy Evans was killed. He lived only 15 minutes away, and he often felt, when he arrived, that he had never left work. In April he was still working an endless series of 12-hour shifts with rare days off. Especially after Evans’ death, a sense of dread came over him with such force that he sometimes found it difficult to leave his car. He tried to appeal to reserves of discipline. “May we pass all the tests,” he said as he arrived, preparing for the grueling day ahead. It was something that he and his mother, who had raised him Baptist, used to say every time he had a big exam or some other challenge, and they always said it together, three times, half singing. , half praying. As he removed the key from the ignition, he sometimes could only say it once before he felt something give way, the emotional equivalent of his knees flexing. He walked towards the Capitol, pacing back and forth as he approached the street he had to cross. By the time the light turned red, he had wiped his face and prepared to enter the building.

Anton wondered how long he could continue working. He had always enjoyed perfect health, but now he had heart palpitations several times a day which forced him to stop whatever he was doing; more than once he wondered if he might be having a heart attack. Her sleep was irregular, her blood pressure and cholesterol were very high.

Like many other officers, he found Caroline Edwards returned to work in May to boost morale. Due to her injuries, she was assigned a clerical job, but she had also taken on an additional role that came naturally to her – becoming a peer counselor, someone officers could confide in. She had previously operated informally in this capacity, reaching out to Nicole’s husband to offer him anything she could share about traumatic brain injury and sending Shannon Terranova, the grieving former wife of Billy Evans, thoughtful gifts for their children.


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