Latest news with #FiveThings
Business Journals
05-05-2025
- Business
- Business Journals
Five things: MIT's big bond, Seaport's Summer Market, and the busiest subway stations
Good morning, Boston. Here are the five things you need to know in local business news to start your busy Monday. 1. Is Boston ready for housing with no parking? Board says no. A proposed 70-unit development in South Boston without dedicated parking spaces for residents could have been a model for transit-oriented housing in the city, but Grant Welker reports that the city of Boston had other ideas. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events 2. MIT borrows $750M as it faces potential research funding cuts MIT issued a $750 million bond on Friday that it said was for 'general corporate purposes,' echoing a similar step a month ago taken by Harvard University to help with costs when federal grants and contracts are at risk. 3. Seaport Summer Market to return Isabel Hart reports that the Seaport Summer Market makes its return on May 10, plus Seaport x Black Owned Bos. Market returns for its sixth year — and more retail news. Do you like Five Things? Make sure to subscribe — free — to our Morning Edition emails so you have it in your inbox each day. 4. Editorial: Time to step on the gas, ramp up T funding The Business Journal's latest editorial calls on lawmakers to maintain support — and even increase it — for the T, which has seen success under the leadership of Phillip Eng. 5. Pay raises for 2025 are falling Pay raises are so far this year slightly lower than originally projected by employers, the latest evidence of a slowing job market and a turbulent economy. What else you need to know By the numbers $445.5 million — venture capital funding raised by local startups last month, as reported by BostInno raised by local startups 220 — speed restrictions in effect on the MBTA's subway over the previous two decades, all of which have been removed all of which have been removed 33 years — tenure that Stephen Costello spent as president and CEO of the Bank of Canton; a successor has been chosen to replace him Weekend box office The Marvel movie "Thunderbolts" led the box office this weekend with $76 million in its domestic debut. Where's the money? Small-business grants you can apply for in May — and where to find them. New England Business Report Did you hear Don Seiffert on the New England Business Report with Joe Shortsleeve and Kim Carrigan on WRKO yesterday? If you missed it, you can listen here. Today in history On this day in 1643, John Winthrop Jr. paid for the passage of skilled ironworkers from England to the Massachusetts Bay Colony, where they began the first successful iron works in the American colonies in Saugus in the following years. (Read more at What's good on WERS-FM Shaking the Tree, by Peter Gabriel What I'm reading Make Russia Great Again, by Christopher Buckley What I'm watching American Idol, on ABC/Hulu You think your T station busy? The Business Journal for the second year has analyzed transit data from the MBTA in order to rank ridership trends across the city and determine the subway system's busiest train station. Last year's data showed that more passengers passed through the Red Line gates at South Station than any of the 71 gated stations where passengers have to swipe a transit card or use tap-to-pay on their phone. This past year, the MBTA's busiest station is where the Green and Orange lines meet: North Station. The ranking by Jess Aloe and Sean McFadden can be seen here, while Grant Welker's reporting shows that the development on and around Causeway Street helped boost transit swipes at the North Station in 2024. Despite the growth in ridership at North Station, the number of riders entering nearly every T station in the MBTA network decreased compared with pre-pandemic 2019. In fact, 2024 passenger counts remain down 46% from 2019 — meaning nearly 67 million fewer passenger entries at all stations last year compared to five years ago. For more charts, graphs and interesting facts about your favorite T station — as well as six projects coming down the track at the MBTA, check out the cover story in the latest Weekly Edition. PARTING SHOT Yesterday was Star Wars Day — May the Fourth (be with you). Below, Carl Sagan takes the fun out of "Star Wars: A New Hope," speaking with Johnny Carson in 1978 about the reality of physics in science fiction. But Sagan's not wrong about the anti-Wookiee discrimination. Subscribe to the Morning Edition or Afternoon Edition for the business news you need to know, all free. Busiest MBTA Train Stations Estimated gated entries for calendar-year 2024 Rank Prior Rank Station 1 4 North Station 2 1 South Station 3 2 Downtown Crossing View this list
Business Journals
24-04-2025
- Business
- Business Journals
Five things you need to know today, and how do you make your steak?
Good morning, Cincinnati. Here are the five things you need to know before starting your busy business day. Good morning, Cincinnati. Here are the five things you need to know before you start your busy business day: 1) Towne Properties plans 76-unit apartment complex in Columbia Tusculum The longtime Cincinnati developer is planning 76 market-rate apartments and a ground-floor commercial space at the intersection of Eastern Avenue on McCullough Street. 2) University of Cincinnati approves $47 million for Crosley Tower demolition project UC's board approved $47.3 million for the remediation and demolition of Crosley Tower and the Clifton Court Garage in its next step in constructing a new STEM (science, technology, engineering and math) facility. 3) Drees to build 25 luxury homes in long-targeted Clermont County development Fort Mitchell-based Drees is self-developing and building 25 home sites in Clermont County's Miami Township, located at 890 Wards Corner Road, to be known as Miami Reserve. Do you like Five Things? Make sure to subscribe to our Morning Edition emails so you have it in your inbox each day. 4) Local insurance company partners with industry giant Integrity to fuel growth The Modern Insurance Store, based in the Clermont County town of Bethel, has teamed with Dallas-based Integrity Marketing Group, a distributor of life and health insurance that also provides wealth management and retirement planning services, to expand services and fuel growth. 5) Sparkling beverage studio billing itself as first-of-its-kind opening in Deerfield Township Jukebox, a new beverage bar billing itself as the country's first-ever custom sparkling drink studio, is opening in Deerfield Township near Mason this summer. Today in history 1916: The Easter Rising, a rebellion in Ireland, begins in an attempt to proclaim an Irish Republic and overthrow British rule. What I'm watching 'Severance' on Apple TV+ Good stuff on Spotify 'Hazy Morning' by Blitzen Trapper Steak Szn The weather is finally warming up, which means it's finally outdoor grilling weather. One of my longtime cooking goals is to get a restaurant-quality steak at home. I define it as one with a good crust, medium rare-to-medium interior with as little gray band as possible. A few years ago, I got a sous vide immersion circulator as a gift. If you're not familiar with this wondrous device, basically you cook your food, whether it's meat or vegetables, in a ziptop or vacuum sealed bag in a water bath warmed to the temperature at which you want your food to end up. Sous vide works great for a steak, but the only pitfall is getting a sear after it's finished cooking in the water bath. To do so, you've got to get the surface area dry, so when you throw it onto the flames of a grill or a ripping-hot cast iron pan, it quickly browns without increasing the internal temperature too much. Moisture is the enemy of browning and the Maillard reaction. I usually set the sous vide at 125 degrees, cook prime-grade New York strips I get from Costco for two hours, wipe off the moisture with a clean kitchen towel, then sear. If you're not grilling other stuff, Alton Brown has an interesting method that uses a bit less charcoal where he fills a chimney starter halfway with charcoal, skewers the steaks and sits them on top of the starter for a few minutes on each side. These techniques work most of the time, but sometimes I cannot get the surface area dry enough to get the meat as crusty as I like. It's a tradeoff, I suppose, between a near-perfect interior temperature and a good crust that also has a gray band. What's your preferred method?
Business Journals
24-04-2025
- Business
- Business Journals
Five things you need to know, and the first woman's sub-4 mile
Good morning, Boston. Here are today's things you need to know: Boston homebuilding, Needham Bank profit drop, biotech bankruptcy and the first woman's sub-4 mile Good morning, Boston. Today is National Take Your Children to Work Day, and here are the five things you need to know in local business news to start your busy Thursday. 1. Metro Boston homebuilding off to slowest start in 12 years Homebuilding in Greater Boston is reaching lows not seen in more than a decade, Greg Ryan reports. 2. Thermo Fisher invests $2B in US to counter tariffs, funding cuts Hannah Green reports that Thermo Fisher Scientific Inc. is taking steps — including a $2 billion R&D investment — to mitigate macroeconomic challenges such as the Trump administration's tariffs and government funding cuts. 3. Wound-care biotech seeks bankruptcy protection Green also reports that Arch Therapeutics Inc. has filed for Chapter 11 bankruptcy protection, citing 'capital market challenges' as a major factor leading up to the decision. Do you like Five Things? Make sure to subscribe — free — to our Morning Edition emails so you have it in your inbox each day. 4. Needham Bank profit drops as it navigates post-IPO growth Little more than a year after going public, the parent company of Needham Bank posted a 19% drop in quarterly earnings, and William Hall reports that much of the drop is driven by economic uncertainty. 5. SBA ditches Biden-era loan-underwriting standards The Small Business Administration is getting rid of Biden-era underwriting standards that let lenders use their own criteria to make SBA loans — the latest in a series of loan-program changes made by the agency under the Trump administration. What else you need to know Today in history On this day in 1990, the 75th anniversary of the Armenian Genocide, the Massachusetts Legislature officially designated April 24 as a Day of Remembrance for the million-and-a-half Armenians killed in the first genocide of the 20th century. (Read more at What's good on WERS-FM Little Talks, by Of Monsters and Men What I'm reading Erasure, by Percival Everett What I'm watching Andor, on Disney Plus The first woman to break a sub-4 minute mile While running is still on everyone's mind following this week's Boston Marathon, I'm just wondering if you saw the news that Faith Kipyegon, the world-record holder for the women's mile, will attempt to become the first woman to break the four-minute mile. Kipyegon, 31, set the world record of 4:07.64 for the women's mile in July 2023, nearly five seconds faster than the prior record, which stood for four years, according to ESPN. She won the past three Olympic gold medals and holds the world record in the 1,500 meters and previously held the world record in the 5,000 meters. She plans to attempt a sub-four-minute mile on June 26 at Stade Charléty in Paris, the culmination of a yearlong Nike project dubbed "Breaking 4." To pull it off, she will have to drop almost 8 seconds from her current world record — an amount of time that has taken women more than 30 years to accomplish. But if she does achieve it, the time will not be accepted by the sport as an official record because the race conditions will not meet the sport's official standards. It is akin to Eliud Kipchoge's 2019 marathon in under two hours, at 1:59:40.2, which was not recognized as a world record because his run included rotating pace-setters to help shield Kipchoge from wind, among other conditions. Still, a sub-four-minute mile has never been done by a woman runner. Kipyegon had this to say about her reason why: "I'm a three-time Olympic champion. I've achieved world championship titles. I thought: What else? Why not dream outside the box?" PARTING SHOT If you don't follow GBH Archives on social media, you may have missed this one posted this week, from April 1987, in which passersby were asked why they weren't running the Boston Marathon: "Why aren't you running in the Boston Marathon this year?" MOS interviews from @gbhnews in April, 1987. Reporter, Hope Kelly. — GBH Archives (@GBHArchives) April 21, 2025 Subscribe to the Morning Edition or Afternoon Edition for the business news you need to know, all free. Largest Women-Owned Businesses in Massachusetts Total 2024 revenue Rank Prior Rank Firm/Prior ranked (*unranked in 2024)/ 1 1 Continental Resources Inc. 2 3 Atlas Travel & Technology Group 3 2 Granite City Electric Supply Co. Inc. View this list
