Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period, median monthly rent rose from $1,500 to $,1641 — and that includes everything from luxury high-rises to public housing. These sorts of figures drive an ongoing search for solutions to the problem — including, most recently, Mayor Adams’ Dec. 12 announcement of a new city Charter Revision Commission to consider, as he put it, how to “deliver as much affordable housing to working-class New Yorkers and their families.” A thorough examination of New York’s housing policy — both at the city and state level — could include a growing body of economic research regarding rent regulation, which affects the 960,000 “rent-stabilized” apartments whose price is set not by the market but by mayoral appointees. Rent stabilization may provide a good deal for those lucky to benefit from it. But as economists from across the political spectrum increasingly concur, it ultimately harms the city’s housing market for many. Research into the impact of rent control has a long history. Back in 1997, the Harvard economists Edward Glaeser and Erzo Luttner described the “misallocation of housing” that rent controls creates. That was their term for a mismatch between what renters might need and what they choose because the price is cheap — such as folks who might only need a small apartment, but live in a big one because they can afford it. More recently, in 2018, the liberal Brookings Institution cited the same problem: “Once a tenant has secured a rent-controlled apartment, he may not choose to move in the future and give up his rent control, even if his housing needs change.” This “misallocation,” Brookings continued, is not without major consequence, most notably “empty-nest households living in family-sized apartments and young families crammed into small studios.” Last year’s Census analysis of New York housing data suggests that’s exactly what is happening here — as young people crammed into subdivided studios with multiple roommates know well. The difference between rent-regulated and market-rate housing in the Big Apple is stark: Only 94,000 (24%) rent-stabilized tenants had moved (either in or out) in the past year, compared to 221,000 (57%) of market-rate tenants. Rent-stabilized tenants are more likely to stay put — forming a kind of housing blockade for newcomers or households with kids who need more bedrooms. As per the Census, the long-term rent-stabilized tenants were not necessarily low-income: 30% reported incomes above $100,000 a year—in keeping with notorious stories of the actress Mia Farrow and Congressman Charles Rangel enjoying rent-stabilized units. (Farrow inherited hers through her family, as the law permits.) Rent controls, notes the Journal of Housing Economics , lead to a redistribution of income — which can include tenants who become better off at the expense of landlords. As Kenny Burgos, the former Bronx Assemblyman who now heads the New York Apartment Association (NYAA) — which represents the owners of some 400,000 regulated units — notes, the current system “inhibits the natural flow and movement of a normal housing market.” There can be ill-effects on housing quality too, economists are finding, in ways that harm rent-stabilized tenants themselves. In February, 2024, ceonomists at the St. Louis Federal Reserve Bank looked at the physical effects of rent controls. They concluded that “while rent-control policies do restrict rents at more affordable rates, they can also lead to a reduction of rental stock and maintenance, thereby exacerbating affordable housing shortages.” Similarly, new research in the Journal of Housing Economics from March 2024 concluded that “even tenants in the controlled dwellings can suffer from rent control, as maintenance of such dwellings can be reduced, leading to a decreased housing quality.” Once again, the most recent findings from New York reveal these very same market conditions. Its review of “reported housing problems” found that there are more tenant complaints about rodents, leaks, cracks and heating in rent-stabilized units than in the non-regulated. The numbers are striking: 376,000 reports of rodents in regulated units (39% of all), compared to 240,000 in market-rate units (22% of all). The repair needs of older, rent-regulated buildings can even lead to owners simply abandoning them, as Maggie Brunn, president of Brooklyn’s A&E Real Estate, has said . “When an apartment has been lived in for 20 or 30 years, those limits [on rent increases] don’t even come close to the actual costs of rewiring, plumbing and the basic improvements you’d need to rent an apartment that a family would be proud to call home. That means more and more of those desperately needed low-rent apartments are sitting vacant.” That problem has been exacerbated by 2019 New York state legislation which sharply limits rent increases even for rising costs such major capital repairs. Burgos of the NYAA estimates at least 10,000 of such “ghost apartments” lie vacant — because their owners “aren’t allowed to recoup their costs. Inflation, property taxes, insurance.” As a result, he says, “banks won’t lend to them.” That’s exactly what Brookings has found. “Rent control can also lead to decay of the rental housing stock; landlords may not invest in maintenance because they can’t recoup these investment by raising rents.” “The system,” says Burgos, “is not working either for owners or tenants.” But how could this deeply established system — existing, in one form or other, for more than 50 years — actually be adjusted? The experience of another major world city, Buenos Aires, Argentina, suggests doing so might not bring on the chaos and price-gouging tenant advocates would suggest. Late last year, libertarian-leaning Argentine President Javier Milei simply “scrapped” rent controls, as reported in The Wall Street Journal. The effect, it reported, is that “the Argentine capital is undergoing a rental-market boom. Landlords are rushing to put their properties back on the market, with Buenos Aires rental supplies increasing by over 170%. While rents are still up in nominal terms, many renters are securing better (or at least fairer) deals, with a 40% decline in the real price of rental properties when adjusted for inflation.” Simply scrapping rent control like in Buenos Aires would be far more difficult in regulation-laden New York, of course. But, as Burgos notes, even permitting the de-regulation of vacant units could lead to significant improvement — without affecting current tenants. What he calls “vacancy control” stands in the way of the rent increases owners need to invest simply to comply with building codes and lead abatement laws — rather than leaving units vacant. The city’s Charter Commission could help by reducing property taxes or water rates for regulated units. But even a rapid deregulation might not be that consequential in much of the city. Census survey reports that the typical market-rate rent ($2,000) is not fantastically higher than the typical regulated rent ($1,500). In The Bronx, the typical rent for all units — including non-rent stabilized — is just $1,200. Market rents, in other words, can be close to regulated rents in lower-cost neighborhoods. Combined with a wave of vacant units coming back on the market and new investments, New York might follow (or at least tiptoe) in the footsteps of Buenos Aires. Such a move would not only benefit renters, it would save the city the expenses associated with an agency most metropolises don’t possess, the Rent Stabilization Guidelines Board, whose staff sets rent increase recommendations and monitors compliance. What’s more, property owners — including mom-and-pop landlords who own just a few buildings — would no longer have to incur the red tape headaches of registering their buildings every year — and either mailing or hand-delivering the required forms and fees, to be paid, for each unit, both to the state ($13) and the city ($20). Failing to do so means a $500 fine — per apartment. There have been attempts, led by the owners’ lobby, the Rent Stabilization Association (now part of the New York Housing Association), to upend the price control regime through the courts — without success. Most recently, the US Supreme Court declined a challenge based , in part, on the argument that rent regulation was effectively a legal “taking of an owner’s property, without compensation.” The fact that property owners sought to overturn rent regulation through the courts makes clear how difficult it is to change the system legislatively. But city and state officials should take notice of the changing leadership in Washington. In the first Trump Administration, a White House Executive Council singled out rent control for criticism, writing that it can lead to “restricted supply [which] ends up hurting some of the lower-income renters they are intended to help.” New York City’s budget relies on Washington for $100 billion in revenue, including from the Department of Housing and Urban Development — which could attach strings to that aid, including revisions to rent regulation or calling for it to end. Once back in office, Donald Trump — as he often does — could prove a wild card and deregulate New York City’s housing market. Howard Husock is a senior fellow in domestic policy at the American Enterprise Institute.The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . LOUISVILLE, Ky. (AP) — Juan Sebastian Gorosito scored 21 points as Ball State beat Bellarmine 86-82 on Saturday. Gorosito added three steals for the Cardinals (4-6). Mickey Pearson Jr. added 18 points while going 3 of 6 and 12 of 12 from the free-throw line and he also had three steals. Jermahri Hill shot 6 for 9 (1 for 3 from 3-point range) and 1 of 3 from the free-throw line to finish with 14 points. The Knights (3-8) were led in scoring by Billy Smith, who finished with 33 points. Bellarmine also got 18 points, six rebounds and two steals from Dylan Branson. Gorosito scored 12 points in the first half for Ball State, who led 47-42 at the break. Hill’s jump shot with 16:02 remaining in the second half gave Ball State the lead for good at 52-50. NEXT UP Up next for Ball State is a Saturday matchup with Evansville at home, and Bellarmine visits Wyoming on Thursday. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .k go ktv 。

Bovine Colostrum Market Size 2024: Industry Analysis And Forecast (2024-2032)Jim Carrey teases Grinch sequel — but with a twist

WASHINGTON (AP) — Marcus Dockery scored 27 points as Howard beat UNC Wilmington 88-83 on Saturday. Dockery added seven assists for the Bison (5-6). Blake Harper scored 18 points while shooting 5 for 11 (3 for 4 from 3-point range) and 5 of 8 from the free-throw line and added seven rebounds. Joshua Strong had 18 points and shot 4 of 7 from the field, including 4 for 6 from 3-point range, and went 6 for 6 from the line. The Seahawks (7-3) were led by Khamari McGriff, who recorded 34 points. Sean Moore added 13 points for UNC Wilmington. Harlan Obioha had 12 points. Howard used a 12-2 second-half run to erase a four-point deficit and take the lead at 82-76 with 2:14 remaining in the half before finishing off the victory. Harper scored 12 second-half points. Howard takes on Drexel at home on Tuesday, and UNC Wilmington hosts FGCU on Wednesday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

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The Reserve Bank of India 's ( RBI ) move to draw capital flows by allowing banks to offer higher interest rates for foreign currency deposits for a specific period appears to have had few takers in the three weeks since the plan's announcement. Bankers said the rupee's recent sharp fall and a narrowing in the interest rate gap between the US and India will make it even more difficult to attract depositors. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for In its December monetary policy, the RBI temporarily raised the ceiling on interest rates banks can offer on foreign currency non-resident accounts or FCNR (B) deposits. Yet, the relevant pages on their respective websites showed that none of the commercial lenders raised interest rates since the central bank gave them the leeway. The RBI allowed banks to raise deposits at a spread of 400 basis points over an Alternate Reference Rate (ARR) for one to three years as against 250 bps spread earlier. For deposits between three and five years, the spread is raised to 500 bps over ARR against a cap of 350 bps. One basis point is a hundredth of a percentage point. "Banks were generally not even offering deposits close to the earlier ceiling," said Madan Sabnavis, chief economist at Bank of Baroda . "Hence, the new ceiling has not made much difference for most banks." 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"Some of the niche private banks will find this useful as they cater more to the expat population. Banks typically match such deposits with foreign currency loan requirements," Sabnavis said. "With this being stable at lower levels, it may not be economical given that the rupee is falling and forex risk is borne by banks." Forex Stockpile The RBI's move to raise the ceiling is to shore up foreign exchange (forex) reserves, which have fallen by $60 billion after touching an all-time high of $706 billion at the end of September. The forex reserves have declined as the RBI is selling dollars to support the rupee, which has consistently weakened against the greenback and hit new record lows of 85.80 Friday. Bankers say the existing spreads of 250-350 bps already offer sufficient flexibility and room for banks to adjust FCNR rates upward. "The spread between US and Indian interest rates has narrowed to its lowest level in recent years, making Indian foreign currency deposits less appealing to the Indian diaspora," said VRC Reddy, head of treasury, Karur Vysya Bank . "On the other hand, demand for export credit in rupee terms remains robust due to interest subvention benefits for MSME borrowers, reducing the attractiveness of borrowing in foreign currency for export credit, particularly when hedging costs are factored in. Even when using FX deposits for rupee-based purposes, the landed cost often exceeds that of rupee deposits, further limiting their appeal." Rather, many banks are offering rates that are lower than the earlier ceiling. The ARR for dollar deposits is pegged around 4.24% for December and an increase in the ceiling by 400 bps allows lenders to offer 8.24% on dollar deposits. However, most banks are offering just about 150-200 bps above the ARR. For instance, the State Bank of India (SBI) is giving savers 5.35% on one-year rate dollar deposits under the FCNR (B) scheme, and the rate has remained the same since mid-October. This shows the rates are lower than the previous spread of 250 bps. SBI offers 3.90% for five FCNB (B) deposits, which is still lower than the revised 500 bps spread. The revised caps announced in the monetary policy review are applicable only until the end of March 2025. "The cash reserve ratio (CRR) exemption on incremental FCNR deposits may encourage banks to raise FCNR deposit rates, thereby attracting more foreign exchange flows-an essential measure in the current economic context," Reddy said. Foreign currency deposits mobilised by banks in rupee equivalent stood at ₹1.98 lakh crore as of March 31, 2024, up 46% over the previous financial year, according to the latest Trends and Progress of Banking report published last week. In 2013, the then governor, Raghuram Rajan, launched the FCNR (B) plan, wherein the RBI effectively provided banks with a cushion against risks of adverse currency movements through the period of a committed deposit. This programme helped banks mobilise nearly $30 billion in overseas deposits. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )

Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolvedNew coach Chris Holtmann has been tasked with rebuilding DePaul to the point where it can return to the NCAA Tournament for the first time since 2004. Northern Illinois coach Rashon Burno knows what it takes to steer DePaul to the NCAAs because he was the starting point guard on the 2000 team that made the tournament -- the Blue Demons' only other NCAA appearance since 1992. Perhaps they can compare notes Saturday afternoon when Burno leads the Huskies (2-3) back to his alma mater as DePaul (5-0) hosts its sixth straight home game in Chicago. Last season, Burno's NIU squad helped accelerate DePaul's need for a new coach -- as the Huskies waltzed into Wintrust Arena and owned Tony Stubblefield's Blue Demons by an 89-79 score on Nov. 25. The Huskies built a 24-point second-half lead before coasting to the finish line. Can history repeat for NIU? There's just one problem with using last year's game as a potential barometer for Saturday's rematch: Almost no players on this year's teams were part of last year's squads. At DePaul, only assistant coach Paris Parham remains as Holtmann had the green light to bring in an all-new roster. UIC graduate transfer Isaiah Rivera (16.0 ppg, .485 3-point rate) and Coastal Carolina transfer Jacob Meyer (15.4 ppg, .406 on 3s) lead a balanced attack that focuses on getting half its shots from beyond the arc. At NIU, Burno retained only two players who competed against DePaul last year -- Ethan Butler and Oluwasegun Durosinmi -- and they combined for three points in 26 minutes in that game. The Huskies' main players used the transfer portal to join such programs as Kansas, Wisconsin, Penn State, Colorado State, James Madison, Georgia State and Niagara. With every starting job open, Butler has jumped into the lineup and produced 11.6 points, 4.8 rebounds, 1.8 blocks and 1.4 steals per game. Transfers Quentin Jones (Cal Poly) and James Dent (Western Illinois) pace the Huskies with 14.4 and 14.0 points per game. NIU is on a two-game losing streak, most recently a 75-48 home defeat at the hands of Elon on Wednesday. Holtmann hopes to have Arkansas transfer Layden Blocker for Saturday's game. Blocker missed Tuesday's 78-69 win over Eastern Illinois with a quad injury. With the combo guard unavailable, point guard Conor Enright handed out a career-high 11 assists in a season-high 38 minutes. "We need (Blocker)," Holtmann said. "I don't want to play Conor 38 minutes." --Field Level Media

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Ahmedabad: A young woman, aged 23, from Vasna area of the city, approached the Cybercrime police with a complaint on Monday, stating that she was defrauded of Rs 5.20 lakh by an individual who claimed to be a pilot at Heathrow Airport in the UK. The fraud occurred over nine months. In her FIR, the complainant, employed as an accountant with a US-based company, stated that a man identifying himself as Steven contacted her through Instagram. After she accepted his follow request, they began communicating regularly. He claimed to be an American national working as a pilot at Heathrow Airport. Their communication shifted to WhatsApp after exchanging telephone numbers. Approximately one month into their interaction, he unexpectedly requested $250, citing his mother's asthma treatment. He claimed his bank accounts were inaccessible and required urgent financial assistance. The complainant transferred the money on March 28 to a bank account as directed by the accused. She noticed the recipient account was of an Indian national, which Steven explained was his Indian colleague's account at the airport. Subsequently, he requested additional funds, claiming his mother passed away and he needed money for urgent travel to the US. The complainant revealed that Steven accessed her banking information and secured a credit card loan of Rs 5 lakh. Upon his persistent requests for more money, she realised it was a fraud and contacted the Cybercrime helpline. Based on her complaint, Cybercrime police registered offences under the Bhartiya Nyaya Sanhita (BNS) for criminal breach of trust, cheating, and impersonation, besides charges under the Information Technology Act. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , Location Guesser and Mini Crossword . Spread love this holiday season with these Christmas wishes , messages , and quotes .Man City problems ‘not about one player’ – Pep Guardiola defends Erling Haaland

PRISTINA, Kosovo (AP) — Kosovo’s main ethnic Serb party on Tuesday said its ban from the upcoming general election is “institutional and political violence” against the ethnic minority. Zlatan Elek of Srpska Lista, or Serb List, said the move was “done on the orders of Albin in order to gain some easy political points,” adding they would appeal the decision. Elek was referring to Kosovo’s prime minister, Albin Kurti. The Central Election Commission declined to certify Srpska Lista, justifying the move by pointing to its nationalist stance and close ties to Serbia. The Srspka Lista party has nine out of the 10 lawmakers the ethnic Serb minority currently has in the 120-seat parliament. Kosovo holds a parliamentary election on Feb. 9 , which is expected to be a key test for Kurti, whose governing party won in a landslide in 2021. European Union-facilitated negotiations to normalize ties with neighboring Serbia are a top priority for any Cabinet in power after the polls. Western powers also expressed concern about the move, fearing it may further aggravate the already tense ties between Kosovo and Serbia. Kosovo was a Serbian province until a war broke out between Serbian government forces and ethnic Albanian separatists in Kosovo, which left about 11,400 dead, mainly ethnic Albanians. NATO’s 78-day bombing campaign in 1999 ended the war and pushed Serbian forces out. Kosovo proclaimed independence in 2008, which Serbia doesn’t recognize. Belgrade still considers Kosovo as its province and has a major influence on the ethnic Serb minority living there. Serb President Aleksandar Vučić criticized the move to ban the party, saying “Kurti is trying to root out the Serb people from (our) southern province.” Kurti considers the Srpska Lista as the “political branch of Milan Radoicic and of Serb state terrorism.” Radoicic, a politician and wealthy businessman with ties to Serbia’s ruling populist party and Vučić, was among 45 people charged in Kosovo in connection with a gunfight last year in which a Kosovar police officer was killed following an incursion by heavily armed Serb gunmen. He is free and under investigation in Serbia, which refuses to extradite him to Kosovo. The prime minister accused the Serb party of being behind all the incidents in the four northern municipalities, where most of the ethnic Serb minority lives. “Srpska Lista unfortunately represents Serbia's widest and the highest level of intervention into Kosovo’s internal affairs and in our democratic elections,” he said at a news conference. Kurti accused Belgrade of being behind two terrorist groups on their “planning, financing and offering logistics” to commit terror attacks in Kosovo. Vučić has planned other attacks in Kosovo during the new year festivities and Orthodox Christmas to deflect attention from the “internal tensions in Serbia, the continuous opposing protests ,” according to Kurti. Semini reported from Tirana, Albania. Follow Llazar Semini at https://x.com/lseminiJackson State coach TC Taylor said his team did nothing wrong, despite allegations it watched stolen practice film of Arkansas-Pine Bluff ahead of a game with the Golden Lions on Nov. 2. Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Southwestern Athletic Conference has cleared the Jackson State football program of wrongdoing in an investigation into theft of Arkansas-Pine Bluff practice video prior to the teams' game Nov. 2. Players from Jackson State allegedly watched the video in the week before Jackson State's 41-3 victory, and the allegation came to light when a UAPB player said a Jackson State player told him that Tigers defensive players had viewed the video, according to sources in an ESPN story. The SWAC released a statement Tuesday. “After conducting a comprehensive review of the information received, which included an IT analysis provided by DVSport INC, both oral and written statements, written statements from both institutions, individual interviews, along with the consultation of legal counsel, the Conference Office does not have enough substantial evidence to prove any allegations of unethical conduct by Jackson State University," the statement said. “The Southwestern Athletic Conference has officially concluded its investigation but reserves the right to review any additional information received on this matter.” After the UAPB player reported the allegation to UAPB coach Alonzo Hampton, the first thought was practice video had been accessed via UAPB's video software program by a former UAPB walk-on player who had been cut from the team in the spring. But Hampton said he’s not sure who did it. “We realize that our system was compromised,” Hampton said Monday. “I had coaching changes in the summertime, including our video guy, and we did not remove those young men. Someone used his account to log in and watch film. “Everybody knows it’s illegal to share your credentials. [The former player] said he didn’t do it. Well, someone logged in to his account. I’m not the judge or the jury. We know our system was compromised, and someone logged in and watched some film.” Jackson State went on to win the East Division title and will play Southern on Dec. 7 in Jackson, Mississippi, for the conference championship. Tigers coach TC Taylor said his program is innocent and is leaving the rest up to the conference office. “I’ll leave everything up to the SWAC offices to clear that up,” Taylor said. “I do want to say this: We don’t need to go that route in order to beat any football team. I’ve been doing this a long time and I pride myself on doing it the right way. I’m going to leave it at that.”

Christmas Day 2024 was filled with gifts, football, and Beyoncé, with millions tuning in to watch the singer’s performance on Netflix. Some minds, including one PR crisis manager, have theories about the much-talked about performance, however, and what it could mean for both Beyoncé and Jay-Z’s image. In a reel posted to Instagram, self-described “comms expert” Jamie Mangrum shared her thoughts on the pop culture event, claiming that Queen Bey’s staff is trying to “over saturate the media” because they “don’t believe people read the news.” Explaining that she has a career in crisis media, she echoed advice she would often tell her staff: “Don’t only follow social media to find out the impact of news.” Mangrum then went on to detail the latest developments in Jay-Z’s legal battle. As we , Jay-Z was named in an amended sexual assault case against Sean “Diddy” Combs earlier this month, and shortly after Bey’s performance, the rapper was hit with a bit of a setback. While Jay and his lawyer Alex Spiro had requested for his accuser, currently anonymous, to reveal herself, Judge Analisa Torres sided with Jane Doe. In the new ruling, the judge ruled that the accuser can remain anonymous for now. The ruling reads, “the weight of the factors tips in favor of allowing Plaintiff to remain anonymous, at least for this stage of the litigation.” The judge also referred to the rapper and his attorney as “combative” and that Spiro has a “chronic inability to follow the rules.” In her reel, Mangrum breaks all of this down for her followers, saying that the judge is “basically telling him, ‘Calm down. We’ll get to it when we get to it.’” She then makes the connection that Jay-Z “probably anticipated” that this news would be coming out the day after Christmas. Mangrum also points to other aspects of the Carters’ very public life, including recent property purchases and “division of assets.” Her final prediction? That the “Cowboy Carter” singer will navigate spaces in 2025 that “Jay-Z” cannot. Of course, this is all speculation, as many people in the comments of the viral video are extremely quick to point out. While some seem to agree with her sentiments, many called her video “reaching.” One user wrote, “You just said a whole lot of nothing while wearing glasses.” In a comment with over a thousand likes, one person with a background in “corporate/crisis comms” disagreed with her take altogether, pointing out that Beyoncé’s halftime performance was booked well before this legal situation even began and asking her to stop spreading “hate and misinformation.” Still, with 2.2 million views and counting on the reel, people are definitely trying to connect some dots when it comes to the Carters and their upcoming year in the public eye. So, what do you think about the performance? Is it giving a massive live music event as Beyoncé campaigns her latest album, or is this all a distraction from some of her husband’s current legal battles?Ancillary Air Traffic Control Equipment Market Driven by Demand for Immersive Technologies Across Industries 11-26-2024 08:09 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Verified Industry Insights Ancillary Air Traffic Control Equipment Market Global Ancillary Air Traffic Control Equipment Market Impact of AI and Automation The ancillary air traffic control equipment market is witnessing robust growth driven by the increasing demand for air travel, heightened safety requirements, and advancements in aviation technology. As air traffic volumes continue to rise globally, the need for efficient, reliable, and precise air traffic control systems becomes more critical. This has led to significant investments in ancillary equipment such as radar systems, communication devices, and surveillance technologies that support air traffic management. The adoption of automation and AI technologies further enhances operational efficiency, safety, and accuracy in managing air traffic. Additionally, ongoing upgrades to aging infrastructure and the expansion of airport and air navigation facilities in emerging economies are fueling market demand. With governments and aviation authorities focusing on modernizing air traffic control systems to meet the needs of growing air traffic, the market is expected to see continued expansion in the coming years. The dynamics of the ancillary air traffic control equipment market are shaped by technological advancements, regulatory requirements, and the increasing complexity of air traffic management. As air traffic grows, there is an escalating need for more sophisticated systems to manage and monitor aircraft movements. Innovations such as radar systems, automated flight tracking, and improved communication tools are being integrated to enhance safety and efficiency. Additionally, regulatory changes and the push for enhanced safety standards are driving demand for more reliable, accurate, and interoperable equipment. The market is also influenced by the ongoing modernization of infrastructure, especially in developing countries, where there is a push to update air traffic control systems. The growing reliance on automation, AI, and data analytics further contributes to the evolution of the market, creating new opportunities and challenges for equipment manufacturers. The market size of Ancillary Air Traffic Control Equipment Market, valued at $2.5 billion in 2023, is projected to reach $4.1 billion by 2033, expanding at a CAGR of 5.1% between 2024 and 2033. The report comprises various segments and analyzes significant trends and factors influencing market growth.. The growth is being attributed to increasing demand in different sectors, Ancillary Air Traffic Control Equipment technological advancement, and changing habits of consumers and industry towards sustainable and efficient technologies. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart)@ https://www.verifiedindustryinsights.com/download-sample/1290296/?utm_source=OpenPr&utm_medium=049 Key Players in theAncillary Air Traffic Control Equipment Market Thales Group Raytheon Technologies Honeywell International Inc. Leonardo S.p.A. Northrop Grumman Corporation Indra Sistemas S.A. Saab AB Frequentis AG Aireon LLC SITAONAIR Nav Canada Global Ancillary Air Traffic Control Equipment Market Segmentation: Ancillary Air Traffic Control Equipment Market by Communication Equipment Radio Communication Systems Data Communication Systems Intercom Systems Voice Switching Systems Satellite Communication Systems Ancillary Air Traffic Control Equipment Market by Surveillance Equipment Radar Systems CCTV Systems Automatic Dependent Surveillance-Broadcast (ADS-B) Surface Movement Radar (SMR) Multilateration Systems Ancillary Air Traffic Control Equipment Market by Navigation Equipment Global Navigation Satellite System (GNSS) Instrument Landing Systems (ILS) Ground-Based Augmentation Systems (GBAS) Flight Management Systems (FMS) Distance Measuring Equipment (DME) Ancillary Air Traffic Control Equipment Market by Automation Systems Airport Management Systems Air Traffic Management Systems Decision Support Systems Automated Flight Service Stations Traffic Flow Management Systems Ancillary Air Traffic Control Equipment Market by Other Equipment Weather Monitoring Systems Emergency Response Systems Training Simulators Maintenance and Repair Tools Software Solutions Market Segmentation Dynamics of Ancillary Air Traffic Control Equipment Market: The global Ancillary Air Traffic Control Equipment market comprises numerous types, each targeting specific market demands. More types that are familiar to the customers are, hardware, software and service based solutions. Hardware solutions comprise tangible goods that include sensors, devices and components for power applications. Software solutions aid in improving functions by automating systems, analyzing data and integrating artificial intelligence to make systems more functional and efficient. Service based offering include providing support, running maintenance and offering consultancy services to ensure that Ancillary Air Traffic Control Equipment systems are able to operate optimally and provide satisfactory value over time. All these segments combine to satisfy customer needs with these different types of helping in growth of global Ancillary Air Traffic Control Equipment market. Global Usage of Ancillary Air Traffic Control Equipment: Businesses, consumers, and governmental bodies use the Ancillary Air Traffic Control Equipment resources within the respective jurisdictions. Ancillary Air Traffic Control Equipment products are incorporated into businesses operating in manufacturing, retail, healthcare, and other industries to increase efficiency, reduce costs, and boost performance. The consumers' needs are evolving due to changing lifestyles, new technologies, and growing demand for easy solutions. At the same time, Ancillary Air Traffic Control Equipment are employed by the governments to sustain the public order, construct and develop infrastructure, and provide better services. Different end-user groups use products for different purposes which determine the development of products and trends in the market. Firms which are able to meet the diverse demands of the end-users stand a good chance to prosper in the competitive landscape of the Ancillary Air Traffic Control Equipment sector. Global Market by Region: North America Europe Asia-Pacific Latin America Middle East & Africa The Ancillary Air Traffic Control Equipment market at the global level depicts notable regional differences wherein North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa all to overall growth. North America has the highest level of technology use and is continually supported by the demands of healthcare, automotive and industrial. Europe has inbuilt objectives of sustainability, compliance with regulations and advances in automotive and energy industries. Asia-Pacific is projected to be the fastest region driven mainly by industrialization, middle class growth and technology investment. Latin America and the Middle East and Africa are considered as new markets with potential growth for infrastructures and adoption of technology. It is essential to appreciate these regional aspects and their interrelations in order to formulate appropriate growth strategies for the Ancillary Air Traffic Control Equipment market. Receive a Discount By Purchasing This Report @ https://www.verifiedindustryinsights.com/ask-for-discount/1290296/?utm_source=OpenPr&utm_medium=049 Frequently Asked Questions (FAQ) on the Global Ancillary Air Traffic Control Equipment Market promotion Q. What is the growth forecast of the global Ancillary Air Traffic Control Equipment market? A. The market size of Ancillary Air Traffic Control Equipment Market, valued at $2.5 billion in 2023, is projected to reach $4.1 billion by 2033, expanding at a CAGR of 5.1% between 2024 and 2033. The report comprises various segments and analyzes significant trends and factors influencing market growth.. It is obvious that demand for Ancillary Air Traffic Control Equipment products will grow in the future as global markets expand. Factors such as rising consumer demand, technological advancements, and increasing industrial applications are fueling the market's expansion. As businesses and industries seek out possible advancement in operational efficiency and customized goods, the market's stable CAGR is expected to be witnessed. Q. Which regions have been influential in creating the need for Ancillary Air Traffic Control Equipment in the countries that they operate in? A. Ancillary Air Traffic Control Equipment's growth in volume has been derived mainly from Asia-Pacific primarily due to - accelerated industrial growth, urban expansion, and technological enhancement. This is closely followed by North America which will primarily be driven by technology enhancement and high consumption. Europe also remains a key market contributing towards Ancillary Air Traffic Control Equipment demand fueled by the increasing trend towards innovative solutions sustainability. South America and Middle eastern and African regions too are increasingly becoming targets with awakening demand from infrastructures development and expanding industries. Q: What are the primary forces impacting the global Ancillary Air Traffic Control Equipment industry? A: The expansion of the global Ancillary Air Traffic Control Equipment market is mainly determined by technical advancement, transformation of customer requirements, and the growing requirement for efficiency across different regions. The infusion of advanced technologies like AI, automation, and IoT is improving the capability of products and creating new opportunities. Also, the trend towards greener approaches, the accompanying regulatory environment, and the rising adoption of Ancillary Air Traffic Control Equipment in the developing economies are some major trends that are expected to influence the market. Q: Who dominates the global Ancillary Air Traffic Control Equipment market? A: The global Ancillary Air Traffic Control Equipment marketplace has matured companies as well as new innovators. The best companies have established excellence in marketing, have a wide range of products and are innovative. These companies are focused on upgrading their products and services, increasing their research and development activities as well as branching out into other core areas for regulatory advantages. Mergers and acquisitions are also part of the strategies that the top players deploy to ensure their success in the market. Q: In what manner are technologies supporting the growth of Ancillary Air Traffic Control Equipment industry? A: Technology is revolutionizing the global Ancillary Air Traffic Control Equipment industry by enhancing the features of products, increasing the efficiency of operations and creating new market opportunities. With the use of advanced technologies like AI, machine learning, automation, the production processes are being made more efficient, costs are being lowered and quality is increasing. The Internet of Things (IoT) also adds to the functionality and connectivity of products, resulting in more value for customers. There is also the emergence of digital transformation and data analytics enabling the businesses to understand their customers more comprehensively and thereby adjust their offers and marketing. Technology is enabling organizations to develop faster and better address the challenges in the market that is perpetually changing. 🔍 For More Information or Query, Visit @ https://www.verifiedindustryinsights.com/report/global-ancillary-air-traffic-control-equipment-industry/?utm_source=OpenPr&utm_medium=049 Categorized Aerospace and Defense: Aviation Equipment The Global Ancillary Air Traffic Control Equipment Market which is within the scope of Aerospace and Defense and further divided into specific structures under Aviation Equipment has been growing tremendously with the increase in demand for new solutions and improvements. This market contains a large portfolio of applications and products to serve the various demands in the industry. With companies increasing the need to be efficient and productive, global Ancillary Air Traffic Control Equipment Market has the potential to grow even further with a healthy outflow of money towards R&D. In addition, the increased demand for sustainability and regulatory measures are also altering the change in focus for the firms, encouraging them to develop green solutions. However, perhaps the most exciting development has been the emergence of a large number of new market participants, as well as existing ones who have an established presence in the industry. The market seems to have plenty of opportunities that stoke the growth and trends well enough to cater to the demand. 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Holiday shopping doesn't have to be stressfulCal State University students and faculty rallied outside of the CSU Board of Trustees meeting on Wednesday, Nov. 20, in Long Beach.

New ‘license plate’ crackdown in US state with fines of $116 – and it’s all to do with the colorsIn today’s world of abundant data and growing information complexity, storytelling has become more than an art—it’s a science powered by technology. Tools like Google’s NotebookLM, an AI-driven research and note-taking assistant, are transforming the way we interact with information. By simplifying research, generating insights, and creating structured narratives, NotebookLM has become an invaluable ally for journalists, researchers, and content creators. How NotebookLM Works: A practical example To understand NotebookLM’s potential, The Hindu Data Team tested it using a real-world case study. Over the past year, questions related to LPG pricing in India were raised in the Lok Sabha and Rajya Sabha. We compiled ten of these parliamentary answers into PDFs and uploaded them to NotebookLM. Within moments, the tool went to work. It generated relevant questions, such as: How does India’s LPG pricing strategy balance affordability and market realities? What percentage of India’s LPG consumption is imported? What is the current retail price of a 14.2 kg LPG cylinder in Delhi? How did the PMUY impact LPG consumption per capita? What percentage of new LPG distributorships since 2016 serve rural areas? NotebookLM didn’t stop at asking questions—it provided detailed answers, citing references from the uploaded documents. The ability to produce accurate, source-backed insights saves time. Why NotebookLM matters for journalists For journalists, particularly those working on data-driven stories, NotebookLM offers a host of benefits: Efficient synthesis of complex information NotebookLM analyses diverse datasets—ranging from research papers to financial statements—helping users distil key takeaways without hours of manual effort. By providing accurate, source-based answers, NotebookLM eliminates the need to sift through multiple documents, enabling faster decision-making. The tool excels at identifying patterns and trends, crafting structured outputs like FAQs, timelines, and briefs that form the backbone of compelling narratives. Features like image support and potential for audio summaries allow analysts and creators to transform complex charts and diagrams into digestible, data-driven stories. Generative AI and the future of content creation AI-powered tools are revolutionising content creation across formats, from podcasts and videos to long-form articles. Hila Zigelman, who leads AI growth and product marketing at AI21 Labs , summarises this as follows: “Generative AI tools like NotebookLM empower creators to automate processes, dive deeper into research, and craft compelling stories. By integrating data from various sources, they enable swift analysis, provide actionable insights, and help content creators produce impactful work tailored to their audience. At AI21 Labs, creators have used models like Jamba 1.5 to: customise content to fit unique styles and brand voices, transform lengthy materials into bite-sized summaries, simplify complex concepts, ensuring accessibility and wider reach. These tools also help creators brainstorm ideas, generate visuals, draft scripts, and refine storytelling. NotebookLM-Spotify collaboration Take the example of NotebookLM’s capability to generate Spotify Wrapped-style summaries , as highlighted by Google’s recent feature update. This ability to offer personalised insights and trends demonstrates how AI can help creators and analysts better understand their audience while crafting meaningful narratives. As generative AI continues to evolve, it holds the promise of revolutionising how we create, share, and consume information. For those of us in the AI ecosystem, the journey has only just begun. Published - December 14, 2024 04:25 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp RedditNew coach Chris Holtmann has been tasked with rebuilding DePaul to the point where it can return to the NCAA Tournament for the first time since 2004. Northern Illinois coach Rashon Burno knows what it takes to steer DePaul to the NCAAs because he was the starting point guard on the 2000 team that made the tournament -- the Blue Demons' only other NCAA appearance since 1992. Perhaps they can compare notes Saturday afternoon when Burno leads the Huskies (2-3) back to his alma mater as DePaul (5-0) hosts its sixth straight home game in Chicago. Last season, Burno's NIU squad helped accelerate DePaul's need for a new coach -- as the Huskies waltzed into Wintrust Arena and owned Tony Stubblefield's Blue Demons by an 89-79 score on Nov. 25. The Huskies built a 24-point second-half lead before coasting to the finish line. Can history repeat for NIU? There's just one problem with using last year's game as a potential barometer for Saturday's rematch: Almost no players on this year's teams were part of last year's squads. At DePaul, only assistant coach Paris Parham remains as Holtmann had the green light to bring in an all-new roster. UIC graduate transfer Isaiah Rivera (16.0 ppg, .485 3-point rate) and Coastal Carolina transfer Jacob Meyer (15.4 ppg, .406 on 3s) lead a balanced attack that focuses on getting half its shots from beyond the arc. At NIU, Burno retained only two players who competed against DePaul last year -- Ethan Butler and Oluwasegun Durosinmi -- and they combined for three points in 26 minutes in that game. The Huskies' main players used the transfer portal to join such programs as Kansas, Wisconsin, Penn State, Colorado State, James Madison, Georgia State and Niagara. With every starting job open, Butler has jumped into the lineup and produced 11.6 points, 4.8 rebounds, 1.8 blocks and 1.4 steals per game. Transfers Quentin Jones (Cal Poly) and James Dent (Western Illinois) pace the Huskies with 14.4 and 14.0 points per game. NIU is on a two-game losing streak, most recently a 75-48 home defeat at the hands of Elon on Wednesday. Holtmann hopes to have Arkansas transfer Layden Blocker for Saturday's game. Blocker missed Tuesday's 78-69 win over Eastern Illinois with a quad injury. With the combo guard unavailable, point guard Conor Enright handed out a career-high 11 assists in a season-high 38 minutes. "We need (Blocker)," Holtmann said. "I don't want to play Conor 38 minutes." --Field Level Media