News Journal archives week of March 30: Wilmington's budget woes, Delaware's diploma tiers
"Pages of history" features excerpts from The News Journal archives including The Morning News and the Evening Journal. See the archives at delawareonline.com.
March 30, 1982, The Morning News, story from Gannett News Service
At last, Dean Smith is at the mountain top.
North Carolina, battling the pressure of expectations all season, ended its coach's classic frustrations Monday by edging Georgetown 63-62 for the NCAA basketball championship. ...
But it was a 16-foot jumper by freshman Michael Jordan from the left wing with 15 seconds left that gave Carolina its final one-point advantage.
Then came the turnover. Hoya guard Fred Brown, trying to find an open man with the seconds ticking away, mistook Carolina's James Worthy for his own man and fired a pass right into the Tar Heel's hands with eight seconds left. ...
March 31, 1995, from The News Journal
'This budget is going to hurt.'
Wilmington Mayor James H. Sills Jr. spoke bluntly Thursday night while asking City Council to join him in prying a painful mix of tax and fee hikes from the pocketbooks of residents and business owners.
Sills also proposed pain for his 1,138-person workforce, promising to slash 50 to 90 more employees from the payroll in fiscal 1996, starting July 1.
But Council President James M. Baker said the plan – including a 15% property tax hike and 10% water/sewer rate increase – could be dead on arrival.
'The mood on council is not to raise taxes,' Baker said. 'Certainly 15% and 10% increases will not pass council.'
Sills proposed a $61.9 million general fund, which pays for basic city services, up 0.4% from the 1995 budget. The growth, though modest, gave fodder to critics on council, who said Sills should have reduced spending.
The budget 'will hurt those city workers who lose their jobs. It will hurt our citizens who will have to pay more for city services,' Sills said. 'It will likely prove politically painful for some of us. But we all have a job to do, however difficult, and I for one intend to do my part.'
Wilmington is in its fifth straight year of deficit spending, a slide that began under late Mayor Daniel S. Frawley. The shortfall this year is estimated at $2 million to $5 million….
Catch up on history: FDR proposes Supreme Court additions, King George VI dies: News Journal archives Feb. 2-9
April 1, 2004, The News Journal, story by Dover bureau reporter
Legislation to place a two-year moratorium on Delaware's three-tiered high school diploma system was released from the House Education Committee on Wednesday and could come to a vote as early as next week. ...
If House Bill 357 becomes law, all graduating seniors this year will receive the same diploma. Without it, students will receive a distinguished, standard or basic diploma depending on how well they scored on the standardized state tests they took in 10th grade.
The committee's action … came after a hearing in which legislators and parents faulted the diploma system as the unwieldy result of a political compromise …to head off a movement to establish exit exams students would have to pass to graduate. ...
'I know why I voted for three tier,' said Rep. Bruce C. Reynolds, R-Country Woods, the committee chairman. 'It was either three tier or an exit exam….'
Parents complained that some students who excelled in their classwork but scored poorly on the standardized test will receive standard diplomas.
Recent education news: Meet Delaware's Most Influential People in Education in 2025
April 4, 2005, from The News Journal
Nanticoke Memorial Hospital in Seaford will open the first phase of a new $3.9 million emergency department Wednesday.
And while the sunny lobby, the children's television-viewing area and high-tech equipment may be nice, the real benefit to area residents may be something less visible.
'We have a goal that every patient shall be greeted by a nurse within 10 minutes' of arriving in the emergency department, said Bill Hughes, the nurse manager in the hospital's emergency department.
Nanticoke, like other area hospitals, has seen the number of patients using its emergency department grow significantly in the last five years.
And the hospital expects to see the trend continue as the population in western Sussex County continues to rise….
As the new unit opens, the hospital will temporarily have a reduction in emergency department beds, from 14 to 11. But the hospital set up a special six-bed unit, called the rapid admission unit, that will free up emergency department beds….
The second phase of the project, expected to be complete this summer, is the renovation of the old emergency department, when the total number of emergency beds will grow to 23.
Reach reporter Ben Mace at rmace@gannett.com.
This article originally appeared on Delaware News Journal: News Journal archives: Wilmington's budget woes, three diploma levels
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Which Software Stocks Is BofA Securities Bullish On?
The BofA Securities software research team hosted 18 public and 10 private companies at the BofA Global Technology Conference in San Francisco on June 3-5. With an ever-changing macro policy backdrop, the spending environment was the focus of this discussion. AI product cycles were another key topic discussed, with companies citing healthy pilot activity for agentic applications. Based on discussions, participating software companies endorsed a generally stable environment, although companies remained cognizant of underlying the analyst report noted that while product cycles for agentic AI are still in their early stages, they are reportedly gaining traction through initial pilot deals. Analyst Brad Sills included key takeaways from meetings with participating companies in this report. Sills said Microsoft Corp.'s (NASDAQ:MSFT) (Buy, price forecast $515) Commercial CFO Mat McBride suggested sustained momentum in the Azure business, led by healthy cloud migration. According to the analyst, Microsoft is rapidly innovating across the enterprise stack. ServiceNow's (NYSE:NOW) (Buy, price forecast $1,085) Chief Customer Officer Chris Bedi highlighted solid execution through a tough macro environment in the tariff-impacted manufacturing vertical and DOGE-impacted Federal vertical. ServiceNow noted sustained momentum across the broad IT, customer, and employee application suites. It is expanding rapidly to multiple departments in the enterprise. In front office applications, Salesforce's (NYSE:CRM) (Buy, price forecast $350) COO and CFO, Robin Washington, reiterated pockets of weakness in tariff-impacted verticals like manufacturing and retail, though noting strength elsewhere, Sills said. According to the analyst, Salesforce is driving growth in both core and Agentforce. The analyst noted that Datadog's (NASDAQ:DDOG) (Buy, price forecast $138) CFO, David Obstler, highlighted the company's expanding product offering and its long-term growth potential for monitoring cloud workloads, which are increasing in volume and complexity due to AI. The analyst noted that Datadog's AI-native cohort is growing quickly, though volatility is inherent in the consumption model. Sills said Asana (NYSE:ASAN) (Buy, price forecast $21) noted slight incremental macro headwinds in April for its enterprise segment. According to the analyst, AI Studio could represent a powerful second-half 2026 catalyst for Asana. The analyst noted that software firms cited solid leading indicators for agentic application adoption, though these cycles remain nascent. He said data management vendors such as Microsoft noted added database activity as enterprises prepare for running agentic AI applications. DevSecOps software vendor JFrog (NASDAQ:FROG) (Buy, price forecast $48) discussed how AI-focused code is beginning to show up more this year, Sills said. The analyst pronounced JFrog's setup good heading into the second half of 2025. Application vendors Salesforce and ServiceNow cited healthy pilot activity for agentic applications, Agentforce, and Now Assist, the analyst noted. However, he said revenue targets are limited at this cycle stage. Microsoft cited hundreds of thousands of customers running Microsoft 365 Copilot, expanding deployments, Sills noted. He said that OneStream (NASDAQ:OS) (Buy, price forecast $33) highlighted its attractive AI value proposition and adoption trends in the back office with its SensibleAI Forecast offering. OneStream is an AI-powered back-office disruptor. The analyst said Asana and Freshworks (NASDAQ:FRSH) (Neutral, price forecast $18) noted healthy demand for AI Studio and Freddy AI. Freshworks' AI offerings are driving up the list across all growth levers. Read Next:Photo by Bumble Dee via Shutterstock Date Firm Action From To Feb 2022 Tigress Financial Maintains Buy Jan 2022 Citigroup Maintains Buy Jan 2022 Morgan Stanley Maintains Overweight View More Analyst Ratings for MSFT View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? MICROSOFT (MSFT): Free Stock Analysis Report SALESFORCE (CRM): Free Stock Analysis Report SERVICENOW (NOW): Free Stock Analysis Report FRESHWORKS (FRSH): Free Stock Analysis Report This article Which Software Stocks Is BofA Securities Bullish On? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Yahoo
Analysts raise price targets on CoreWeave after blowout Q1, despite CapEx concerns
-- CoreWeave Inc (NASDAQ:CRWV) reported a strong debut earnings release as a public company, delivering better-than-expected revenue and robust guidance. Yet, shares fell by 5.4% in Thursday's trading, with investors focusing on the company's aggressive capital expenditure plans. Despite near-term pressure, analysts overwhelmingly reiterated bullish ratings and have significantly raised price targets. They cited rapid AI infrastructure demand and substantial new customer wins as the driving forces behind CoreWeave's long-term positioning. The AI-oriented cloud infrastructure firm delivered first-quarter revenue of $981.6 million, surpassing estimates by over $100 million and growing 420% year-over-year. CoreWeave expects Q2 revenue of $1.06 billion to $1.1 billion and full-year revenue between $4.9 billion and $5.1 billion, well ahead of consensus estimates. However, CapEx guidance of $3 to $3.5 billion for the second quarter, roughly three times expected revenue, led to concerns around free cash flow and dilution risk. Investors reacted negatively to the elevated spending levels despite the otherwise strong results. BofA analyst Brad Sills raised his price target to $76 from $42 while maintaining a Buy rating, calling CoreWeave's Q1 performance validation of its 'best-of-breed' position in the AI infrastructure market. Sills flagged better-than-expected return on net assets and strong contract signings, including a $12 billion OpenAI deal and $4 billion expansion with another large enterprise. While acknowledging CapEx came in above forecasts, he highlighted margin stability when adjusting for IPO-related costs. Mizuho's Gregg Moskowitz lifted his price target to $70 from $46 and reiterated an Outperform rating. He noted that the company's top-line guidance is 'materially' ahead of already strong Street expectations. 'CRWV is positioned to capture meaningful share of an AI cloud provider market growing at a server-melting pace,' Moskowitz wrote. He acknowledged near-term pressure on margins due to accelerated investment but said valuation remains reasonable. Jefferies analyst Brent Thill raised his price target to $80 from $51. He called CoreWeave a 'multi-year winner' based on customer growth and its ability to align CapEx with signed contractual deals. Thill cited new enterprise traction and the deal with OpenAI as evidence of momentum. He said the stock's premium to peers is justified by its unmatched growth profile in a rapidly scaling market. Not all analysts were bullish. Citi reiterated a Neutral rating and $43 target, pointing to mixed profitability and declining RPO. DA Davidson downgraded the stock to Underperform with a $36 target. The firm warned that investors 'may not want to scale this business,' drawing comparisons to the pitfalls of scaling WeWork (OTC:WEWKQ). Still, most analysts see CoreWeave as poised to capitalize on accelerating AI infrastructure demand. As Morgan Stanley's Keith Weiss wrote, 'Accruing large contracts from the most demanding GenAI users provides strong validation of CoreWeave's positioning.' Related articles Analysts raise price targets on CoreWeave after blowout Q1, despite CapEx concerns Constellation Brands jumps as Berkshire raises stake CrowdStrike CEO Kurtz said 'not riding off into sunset', remains large shareholder Connectez-vous pour accéder à votre portefeuille
Wall Street Journal
6 days ago
- Wall Street Journal
Tariffs and Conglomerates Are Chasing Them. Italy's Biggest Fashion Families Are Unfazed.
One morning this spring, Brunello Cucinelli whistled as he strode from a cafe he'd just finished refurbishing to the 14th-century castle that houses one of the 130 stores in his luxury sportswear empire. From the top of the hill that crowns Solomeo, the Umbrian hamlet where he's lived and worked for four decades, nearly everything in view had been touched by Cucinelli in one way or another: low-lying modern factory buildings home to his operation, but also a theater, a soccer field and production facilities for both wine and olive oil. An agrarian park, open to the handful of villagers who don't work for the company (1,500 are Cucinelli employees), contains Cucinelli's travertine Tribute to Human Dignity. 'Every human being,' Cucinelli said, 'is supposed to live where they were born.' This is why, even as he built his eponymous brand from a collection of a few dozen sweaters to a swaggering empire heavy on the casually luxe Italian style philosophy known as sprezzatura, Cucinelli remained here in Solomeo, where he's lived since 1985, and where his wife, Federica, was born. His daughters, Carolina and Camilla, were born here, too, and now live in town with their spouses ('the husbands,' Carolina calls them). All four work for the company.
