Connect with us

Published

on

I once had the misfortune of living next to vacant land managed by a county fire department, which became a potential problem during a particularly bad wildfireyear. The dry weeds were nearly the height of cornstalks. I had enough after my neighbors and Imost of whom had green, well-maintained lawnsreceived notices from the county telling us to keep our yards trimmed.

I started making calls to the appropriate agencies and got the usualbureaucratic runaround. I still remember my call to the weed abatement department, which assured me it would handle the situation. “Aren’t you going to take the address?” I retorted as the person was about to hang up. The county finally mowed the property after the right staffer in an elected official’s office intervened.

Local officials and prosecutors often make a big deal about clamping down on some allegedly villainousslumlordand it’s no surprise some property owners behave irresponsiblybut often the biggest slumlords are government agencies. I was reminded of this after two high-profile news stories captured Southern Californians’ attention.

The first was the tragic fire at the historic north hangar at the former Marine Corps base at Tustin, which turned one of the world’s largest and most spectacular wooden structuresbuilt to house blimps that patrolled the Pacific after Pearl Harborinto a smoldering heap. The second was the firethat damaged Interstate 10 in Los Angeles, thus shuttering two miles of freeway and creating a commuter nightmare.

Fires happen, but both are the result of government neglect. The hangar is owned by the United States Navy, which has let the propertylanguishsince the base was decommissioned in 1999. Severe wind storms battered it in 2013, but that didn’t spur the military into action. The inadequately fenced area was easily accessible. The Register reports many other buildings on the site are in disrepair.

Although the Navy also owns the south hangar, the city leases it and has taken far better care of it. Tustin even uses it as a filming location and for community events. Nevertheless, city, county and federal officials havedragged their feeton redevelopment plans for years. The militarywhich, by the way, remains perhaps the nation’s largest polluterhas yet to complete its remediation. It’s only been decades.

Regarding the freeway mess, it took place in an area where 16 homeless people were living. The APreportedthat a federal judge three years ago blasted the city and county of Los Angeles over its inability to deal with the 7,000 people living under freeways. A company that leased the land where the fire apparently started said it had “complained to city officials numerous times about fires started by homeless people on or near the property” and “had been denied access to the site since October.” Now think back to my story about cutting weeds.

State officials have repaired the freeway damage quickly given bad publicity, but the dangerous fire would never have happened if the government maintained its property. Just look at the constant state of freeway and road disrepairnot to mention the near collapse of spillways at the Oroville Damin 2017to recognize that public agencies are terrible stewards of property. It’s enough to make one dust off a copy of Ayn Rand’s Atlas Shruggedto remember that lesson.

For another reminder, here’s an excerpt from a 2011editorialI wrote about Caltrans, which “used the power of eminent domain to acquire thousands of homes and other properties for roads and freeways that it never built, as a 2006 Orange County Register investigation revealed. Instead of selling off the properties, the agency mostly disregarded them, thus becoming what the Register referred to as the biggest slumlord in the state.”

As another example, the city of Santa Ana had long been awash invacant lots. It’s not the only California city where now-defunct government redevelopment agencies condemned and collected tracts for potential new developments, but instead largely let them turn into fenced-off, weed-choked blights. Now please tell me again why you want government to have more power over private property.

And just look at how cities manage their own “public” property. San Francisco might not be the hellscape that some critics say it is, but the homelessness crisis has spiraled out of control. Many streets and parks resemble tent cities. City officials cleaned uppart of the downtown area in record time in anticipation of a meeting between President Joe Biden and Chinese President Xi Jinping, but expect things to deteriorate again quickly.

Thelessonis clear: When everyone owns something, no one does. That leaves its management to red-tape-laden and indifferent government agencies, which lack the incentives of private owners (who want to protect their investment and avoid liability). If we want to fix infrastructure or even keep the weeds down, we need less government involvement, not more.

This column was first published inThe Orange County Register.

Continue Reading

Science

Parachute OTT Release Date: When and Where to Watch it Online?

Published

on

By

Parachute OTT Release Date: When and Where to Watch it Online?

The much-anticipated Tamil drama Parachute, starring Krishna and Kishore, is set to stream on Disney+ Hotstar from November 29. Directed by Sridhar K, the film introduces a heartfelt narrative about childhood, familial relationships and the challenges of parenthood. Alongside the lead actors, the ensemble cast includes Kani Thiru, Kaali Venkat and child artists Shakthi Ritwik and Iyal. A multilingual release ensures that Parachute will be accessible to audiences in Telugu, Kannada, Malayalam, Hindi, Marathi and Bengali.

When and Where to Watch Parachute

Parachute will be available for streaming exclusively on Disney+ Hotstar starting November 29, 2024. While it is primarily a Tamil-language production, the availability of multiple dubs that the movie will reach a wider audience across India.

Official Trailer and Plot of Parachute

The official trailer for Parachute was released on social media, providing a glimpse into its emotional core. The story centres around two children, their adventurous escapades and the panic caused within their family and community when they go missing. A poignant moment in the trailer highlights a father scolding his son, after which the kids set off on a motorbike, unknowingly triggering a series of dramatic events. The trailer portrays the frantic search by the parents, police and local community, blending suspense and drama.

Cast and Crew of Parachute

The film features Krishna in a dual role as lead actor and producer, under his production banner Tribal Horse Entertainment. Kishore, Kani Thiru and Kaali Venkat take on key roles, supported by a talented cast, including child actors Shakthi Ritwik and Iyal. Sridhar K directs the project, with Om Narayan as cinematographer and Richard Kevin handling the editing.

Continue Reading

Science

Scientists Discover World’s Largest Coral Discovered in Solomon Islands

Published

on

By

Scientists Discover World's Largest Coral Discovered in Solomon Islands

A massive coral, thought to be the largest ever recorded, has been discovered by scientists in the Solomon Islands, drawing global attention to its size and environmental significance. The coral, which extends about 111 feet across and 104 feet in length, spans an area comparable to two basketball courts and can be seen from space. This discovery, made by a team from National Geographic’s Pristine Seas expedition in October, highlights the presence of previously unrecorded marine giants.

A Hidden Giant in the Ocean

Dr. Molly Timmers, the expedition’s lead scientist, noted that the coral appeared “like a shipwreck” from the water’s surface. Its sheer size was confirmed by underwater divers, who found the coral extending across the seafloor with undulating waves of brown, yellow, and blue hues. Estimated to be between 300 and 500 years old, the coral dwarfs the previous record-holder, a coral known as “Big Momma” in American Samoa.

Pristine Seas founder Dr. Enric Sala compared the discovery to finding “the world’s tallest tree” and emphasized its importance in marine biodiversity research. Dr. David M. Baker, a coral reef researcher at the University of Hong Kong, who was not part of the expedition, highlighted that large coral structures represent resilience, having endured significant environmental changes over centuries.

A Vital Marine Habitat at Risk

Though the coral appears healthy, scientists have expressed concern about the threats it faces from both local and global stressors. Overfishing disrupts coral reef ecosystems by removing key species that support its health, while climate change poses a longer-term threat. Coral reefs are highly susceptible to warming oceans, which can lead to coral bleaching and ultimately coral death, Timmers noted.

With more than 490 species of hard and soft corals, the Solomon Islands host one of the world’s richest coral ecosystems. The discovery of this coral serves as a reminder of both the ocean’s hidden wonders and the urgent need for conservation amidst rising global temperatures.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube.


Crypto Price Today: Bitcoin Briefly Hits $93,000 Before Retreating Amid Price Correction



Study Finds Industrial Aerosols May Cause Local Snowfall by Freezing Clouds

Continue Reading

Business

Pizza Hut UK hunts buyer amid Budget tax hike crisis

Published

on

By

Pizza Hut UK hunts buyer amid Budget tax hike crisis

Pizza Hut’s biggest UK franchisee has begun approaching potential bidders as it scrambles to mitigate the looming impact of tax hikes announced in last month’s Budget.

Sky News has learnt that Heart With Smart (HWS), which operates roughly 140 Pizza Hut dine-in restaurants, has instructed advisers to find a buyer or raise tens of millions of pounds in external funding.

City sources said this weekend that the process, which is being handled by Interpath Advisory, had got under way in recent days and was expected to result in a transaction taking place in the next few months.

HWS, which was previously called Pizza Hut Restaurants, employs about 3,000 people, making it one of the most significant businesses in Britain’s casual dining industry.

It is owned by a combination of Pricoa and the company’s management, led by chief executive Jens Hofma.

They led a management buyout reportedly worth £100m in 2018, with the business having previously owned by Rutland Partners, a private equity firm.

One source suggested that as well as the talks with external third parties, it remained possible that a financing solution could be reached with its existing backers.

More from Money

HWS licenses the Pizza Hut name from Yum! Brands, the American food giant which also owns KFC.

Insiders suggested that the increases to the national living wage and employers’ national insurance contributions (NICs) unveiled by Rachel Reeves would add approximately £4m to HWS’s annual costs – equivalent to more than half of last year’s earnings before interest, tax, depreciation and amortisation.

One added that the Pizza Hut restaurants’ operation needed additional funding to mitigate the impact of the Budget and put the business on a sustainable financial footing.

The consequences of a failure to find a buyer or new investment were unclear on Saturday, although the emergence of the process comes amid increasingly bleak warnings from across the hospitality industry.

Follow Sky News on WhatsApp
Follow Sky News on WhatsApp

Keep up with all the latest news from the UK and around the world by following Sky News

Tap here

Last weekend, Sky News revealed that a letter co-ordinated by the trade body UK Hospitality and signed by scores of industry chiefs – including Mr Hofma – told the chancellor that left unaddressed, her Budget tax hikes would result in job losses and business closures within a year.

It also said that the scope for pubs and restaurants to pass on the tax rises in the form of higher prices was limited because of weaker consumer spending power.

That was followed by a similar letter drafted by the British Retail Consortium this week which also warned of rising unemployment across the industry, underlining the Budget backlash from large swathes of the UK economy.

Even before the Budget, hospitality operators were feeling significant pressure, with TGI Fridays collapsing into administration before being sold to a consortium of Breal Capital and Calveton.

Sky News recently revealed that Pizza Express had hired investment bankers to advise on a debt refinancing.

HWS operates all of Pizza Hut’s dine-in restaurants in Britain, but has no involvement with its large number of delivery outlets, which are run by individual franchisees.

Accounts filed at Companies House for HWS4 for the period from 5 December 2022 to 3 December 2023 show that it completed a restructuring of its debt under which its lenders agreed to suspend repayments of some of its borrowings until November next year.

The terms of the same facilities were also extended to September 2027, while it also signed a new 10-year Pizza Hut franchise agreement with Yum Brands which expires in 2032.

“Whilst market conditions have improved noticeably since 2022, consumers remain challenged by higher-than-average levels of inflation, high mortgage costs and slow growth in the economy,” the accounts said.

It added: “The costs of business remain challenging.”

Pizza Hut opened its first UK restaurant in the early 1970s and expanded rapidly over the following 15 years.

In 2020, the company announced that it was closing dozens of restaurants, with the loss of hundreds of jobs, through a company voluntary arrangement (CVA).

At that time, it operated more than 240 sites across the UK.

Mr Hofma and Interpath both declined to comment.

Continue Reading

Trending