World San Francisco is no longer the best performing city in the US, according to an annual economic ranking
Politicians Remember Late Former Secretary of State George Shultz
The former statesman was described as a true "patriot" by top officials and policy influencers.Shultz served as secretary of state for six years under former President Ronald Reagan and is credited with steering a peaceful U.S. foreign policy at the close of the Cold War. In addition to secretary of state, Shultz served as treasury secretary, director of management and budget, and labor secretary under former President Richard Nixon.
- San Francisco plummeted from the top spot in a ranking of cities with the best economic performance.
- The pandemic has shifted the power away from traditional tech hubs with high costs of living.
- However, a shift toward cheaper cities like Miami and Austin could ultimately lessen their affordability.
San Francisco has plummeted from its spot as the "best performing" city in the US as the coronavirus pandemic wreaks havoc on tech-centric regions.
In the Milken Institute'sreleased Wednesday, the Bay Area tech hub fell 23 spots due to a lack of short-term job growth opportunities paired with its notoriously high cost of living.
New rallies in Myanmar's Yangon despite military warnings
Protesters started rallying across Myanmar's largest city of Yangon on Tuesday, defying warnings from the military threatening "action" against large gatherings. Since the junta staged a coup on February 1 and ousted Myanmar's leader Aung San Suu Kyi from power, waves of dissent have swept the country -- with hundreds of thousands amassing in major cities. By Monday, the military issued a stern warning on state TV, vowing to take "actionSince the junta staged a coup on February 1 and ousted Myanmar's leader Aung San Suu Kyi from power, waves of dissent have swept the country -- with hundreds of thousands amassing in major cities.
"The pandemic has an outsized impact on cities where the economic effects of the current recession are exacerbated by high housing costs," the think tank's executive director, Kevin Klowden, said in a press release.
The rankings â€" which take into account job creation, wages, and cost of living â€" found the highest performing and most economically viable cities have shifted from traditionally dominant coastal locations like California and Massachusetts to Southern and Intermountain West cities.
Smaller cities outside of the traditional technology hubs saw the biggest gains in 2020, according to Milken's rankings. Palm Bay, Florida and Austin, Texas took the second and third spots on the list. Salt Lake City rose 21 spots to fourth place, and Provo-Orem, Utah â€" a location that has recently attracted tech giants including Qualtrics, Vivint, and SmartCitizen â€" supplanted San Francisco as the top performing city this year.
Peter Dutton slashed funding for highly regarded community safety projects. Then he selected his own list to fund
Home Affairs Minister Peter Dutton personally cut millions in grant funding from organisations that were strongly recommended by his department to improve community safety, and used the funds to support his own handpicked list.Mr Dutton also used the funds to support grants for two councils — in the lead up to a by-election in a highly marginal seat — that his department recommended should not be funded at all.
Remote work has made expensive hubs like California less appealing
Since the pandemic started, a work-from-home boom has prompted afrom cities with high costs of living, as millions of Americans
Even executives are looking outside of traditional tech hubs. In January, a poll of 150 c-suite bosses found
Over 30 major financial institutions, including Goldman Sachs Group have beenproperties in Florida and living in the Bay Area have found it less and less beneficial to live in the Bay Area, as companies like Twitter it will allow employees to work from home even after pandemic restrictions have been lifted.
While cities outside of traditional tech hubs have benefited from the shift of people and power, the move towards places like Miami and Austinthat the new interest could deteriorate the affordability of these cities as housing costs rise.
A wave of violent attacks renews focus on anti-Asian racism
Anti-Asian violence has spiked during the pandemic. A deadly incident draws new attention to it.In San Francisco, 84-year-old Vicha Ratanapakdee died after getting shoved to the ground. In Oakland, a 91-year-old was brutally pushed from behind. And in San Jose, a 64-year-old woman was robbed in the middle of the afternoon.
The impact of the move toward cheaper cities can already be seen in Miami which fell 38 spots on the list due to rising costs of living.
Recovery is a delicate balance between job opportunities and affordability
The recent volatility of the nation's economy during pandemic has buoyed cities that focus on accessibility and affordability, according to the Milken Institute, which added housing affordability and broadband access as ranking variables for the first time this year.
"As we discovered through our rankings, cities perform best when they pursue innovative strategies that allow high-tech industries to grow while still providing affordable costs of living," Misael Galdamez, a senior policy analyst at the institute, said in the press release. "This alignment provides a foundation for metro areas to become more resilient to economic shocks."
The report also showed how the pandemic has shifted the balance of power between cities as former top performing cities like San Jose, Seattle, and Dallas could no longer be categorised in the top 10 places for job creation, growth, and innovation.
Lawrence Ferlinghetti, Fearless Poet, Publisher, and Bookseller, Is Dead at 101 .
Lawrence Ferlinghetti, the innovative bookseller and publisher of Ginsberg and Kerouac, one of the best friends free speech ever had, and the man who wrote that most anomalous thing—a poetry bestseller: A Coney Island of the Mind—died today at the age of 101. “If amendments had addresses, the address of the First Amendment would be right here at City Lights Books,” said historian Kevin Starr, standing outside Ferlinghetti’s legendary San Francisco bookstore at its 50th Anniversary in 2003 (City Lights was also the name of the poet’s equally celebrated publishing company). “You will never see the First Amendment so fully and so happily ensconced as it is here.