Entering a new market

Share to Twitter Share to Linkedin The USTA's Billie Jean King National Tennis Center in Flushing, New York, hosts far more than tennis. The 46-acre site—home to the U.S. Open since 1978—still embraces all things tennis, but also welcomes a growing mix of events, from the upcoming Westminster Dog Show, Big 3 basketball, Fortnite World Cup Finals and All Elite Wresting. "We could bring in really almost anything imaginable," Chris Studley, the USTA's senior director for event services at the National Tennis Center, tells me. "We love anything." With a 45-year history of hosting tennis in New York, the National Tennis Center hasn't served as a major player in outside events (except for in 2008 when they hosted the WNBA's first-ever outdoor game). That approach changed when the center added a retractable roof on Arthur Ashe Stadium, the largest tennis stadium in the world, in 2017 and followed that up by opening the new Louis Armstrong Stadium, also with a … [Read more...] about USTA’s National Tennis Center About More Than Hosting Tennis

Share to Twitter Share to Linkedin The tide has turned as housing markets in tech hubs and pandemic migration hot spots are cooling more rapidly than other parts of the country as the tech sector falters and mortgage rates remain elevated, according to a recent survey . The Redfin analysis found that Austin, Texas cooled the fastest over the last year as the housing market descended from its pandemic-era boom. The Fed started hiking interest rates to combat inflation, leading to an increase in mortgage rates a year ago. Austin is followed by Seattle; Phoenix; Tacoma, Washington; and Denver. Las Vegas, Stockton, California; San Jose, California; Sacramento and Oakland, California round out the top 10. When push comes to shove, high rates, low supply and tech layoffs dampen demand in West Coast hubs Measures of home buying demand and competition dropped off quickly in tech centers, including Seattle, San Jose and Oakland. The typical San Jose home … [Read more...] about Pandemic Boomtowns Go From Hot Spots To Not-So-Hot Spots

Editor’s note: This post has been updated to reflect comments from John Cramer, Vice President for Marketing and Communications at Connecticut College. The president of Connecticut College (CC) announced on March 24 that she would be stepping down amid backlash for plans to host an event at a golf club accused of antisemitism and racism, according to the president’s statement. Katherine Bergeron has been the college’s president for nearly a decade but informed the school that she would be stepping down from her position at the end of the semester, according to her official statement. Her announcement comes after weeks of protests against the president’s plan to host a fundraising event at the Everglades Club, which has allegedly refused service previously to Jewish and black Americans in the past, according to Inside Higher Ed. (RELATED: Women’s College Removes Former President’s Name From Library Due To History Of Antisemitism, ‘White Supremacy’) Bergeron’s statement … [Read more...] about College President Resigns Over Event Hosted At Golf Club Accused Of Antisemitism, Racism

Share to Twitter Share to Linkedin Of all the voices calling for Major League Soccer to stop through FIFA international match windows, Thiago Almada’s agent is unlikely to be one of them. Almada’s value as arguably the most certain European-bound current MLS star has been in plain sight through his opening four games of the 2023 Regular season. The 21-year-old Argentine ( who is already a World Cup winner ) merely scored four goals and assisted four more to start the new campaign, helping his team earn 10 points from 12 in the process. But any lingering doubts of his value to his current club were truly erased by the misery his side endured on Saturday night in their first game of the year without him. With Almada one of several Atlanta players away on international duty, a team that entered having won back-to-back games by a combined seven-goal margin was on the other side of a 6-1 hiding to a Columbus Crew team also missing key internationals. And … [Read more...] about Atlanta United’s Thiago Almada May Have Boosted His Transfer Value Saturday … Without Playing

Share to Twitter Share to Linkedin One major consideration for women, specifically women who want a family, is how motherhood will impact their careers. And one question these women often ask themselves is whether it makes sense to delay motherhood in order to realize their full potential. Motherhood penalizes professional women in several ways. Not only does it negatively affect their income and leadership status, it also influences their ability to get promoted and hired. They are often overlooked when it comes to career-advancing opportunities. A recent survey of 1,000 U.S. women who chose to delay motherhood after the age of 35 by WIN , a leading family-building benefits provider, revealed motivating factors, challenges, and benefits to women’s decisions and how fertility benefits factor into the journey. According to the survey, relationships, lifestyle, and finances were major considerations that impacted women’s decisions. By waiting to … [Read more...] about Does It Make Sense To Delay Motherhood For Your Career?

With thousands of construction workers and contractors needing long-term housing, the world’s largest hotel franchisor is launching a new brand for the booming boots-and-hardhat market. G eoff Ballotti is staring at a map on his office wall and likes what he sees. Nearly two dozen dots sprinkled across the United States represent future semiconductor factories. Outside of the microchip sector, few executives would seek out such a stodgy map from the Semiconductor Industry Association, let alone hang it on a wall. But for the CEO of Wyndham Hotels & Resorts (2022 revenue: $1.56 billion), each dot on that map represents a giant, flashing-light opportunity. Ballotti quickly rattles off examples of locations where new chip factories are slated to appear. Intel is building two plants in Chandler, Arizona, at around $30 billion a pop. In Texas, plants have been announced by Texas Instruments in Sherman ($30 billion) and by Samsung in Taylor ($25 billion). In Indiana, they are … [Read more...] about Wyndham Hotels Grabs A Windfall From America’s Infrastructure Agenda

Share to Twitter Share to Linkedin Generative AI is the name of the game in big tech right now, and Adobe isn’t about to get left behind. The company recently announced a beta of its new creative generative AI support, Adobe Firefly, which promises to help users with little to no experience in graphic design create their own images and text effects. The announcement comes hot off the heels of Microsoft’s own generative AI launch. Its new solution, Copilot, is set to empower users of 365 and Dynamics 365 to auto-generate written content automatically. So, whether you struggle with writing, graphic design, or overall organizational skills, it’s an exciting time to get a boost from generative AI. A Generative AI Recap In case you’ve missed some of the hottest tech news lately, generative artificial intelligence is a sub-set of AI that can create text, art, imagery or other forms of content based on prompts from an individual user. The popularity was stoked last … [Read more...] about Adobe Jumps Into The Generative AI Race With Firefly Creative Support

MLB’s most marketable star leads a group that is set to collect a record $436 million combined this year before taxes and agents’ fees, up 15% from last year’s all-time high. By Justin Birnbaum W hen Shohei Ohtani led Team Japan to victory at the World Baseball Classic last week, striking out his Los Angeles Angels teammate Mike Trout to end the championship game, he delivered yet another incredible achievement to his ever-expanding baseball resume. As he enters his sixth big league season, Ohtani has collected a slew of awards, including the 2021 American League MVP. That kind of success has translated financially for the 28-year-old Ohtani, who is now the highest-paid player in baseball. Forbes estimates Ohtani will collect $65 million in total earnings for the 2023 season before taxes and agents’ fees, an MLB record. Nearly half of that comes from the record-breaking one-year, $30 million contract extension he signed in October to avoid arbitration. Off the … [Read more...] about Baseball’s Highest-Paid Players 2023: Shohei Ohtani’s MLB-Record Total Lands Him At No. 1

Share to Twitter Share to Linkedin Of the many things that can bring about the end of a business, few can be more lethal than stagnation — not changing or improving. As General Electric’s former CEO and management guru Jack Welch explained , this lack of inertia or momentum was one of the most dangerous things that could happen to a business: “When I try to summarize what I’ve learned since 1981, one of the big lessons is that change has no constituency. People like the status quo. They like the way it was. When you start changing things, the good old days look better and better. You’ve got to be prepared for massive resistance.” So how do you keep your own business from falling into stagnation? The solution very likely lies in the concept of creative destruction. With proper implementation, creative destruction can prove to be the missing piece your business needs to stand out from its competition in a meaningful way. Understanding Creative … [Read more...] about Why ‘Creative Destruction’ Might Be Your Business’ Missing Piece