WesBanco, Inc. and Premier Financial Corp. Announce Shareholder Approvals of Merger Agreement
Unconvincing Canada tops Germany 3-0 in world junior hockey clashMusk says US is demanding he pay penalty over disclosures of his Twitter stock purchases DETROIT (AP) — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter, Musk’s lawyer Alex Spiro tells the outgoing SEC chairman, Gary Gensler, that the commission’s demand for a monetary payment is a “misguided scheme” that won’t intimidate Musk. The letter also alleges that the commission reopened an investigation this week into Neuralink, Musk’s computer-to-human brain interface company. The SEC has not released the letter. Nor would it comment on it or confirm whether it has issued such a demand to Musk. Senate begins final push to expand Social Security benefits for millions of people WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people. Senate Majority Leader Chuck Schumer began the process on Thursday for a final vote on the bill, known as the Social Security Fairness Act. It would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people. The legislation has passed the House. The bill would add more strain on the Social Security Trust funds, which are already estimated to be unable to pay out full benefits beginning in 2035. The measure would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office. Trump offers support for dockworkers union by saying ports shouldn't install more automated systems WASHINGTON (AP) — President-elect Donald Trump is offering his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports. He posted on social media Thursday that he met with union leaders and that any further “automation” of the ports would harm workers. He wrote that the “amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. The Maritime Alliance says the technology will improve worker safety and strengthen our supply chains, among other things. IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes. The announcement comes under the backdrop of a promised reckoning from Republicans who will hold a majority over both chambers of the next Congress and have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats. IRS Commissioner Danny Werfel said improvements made to the agency will help the incoming administration and new Republican majority congress achieve its goals of administering an extension of the 2017 Tax Cuts and Jobs Act. OpenAI's Altman will donate $1 million to Trump's inaugural fund LOS ANGELES (AP) — OpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration. A spokesperson for OpenAI confirmed the move on Friday. The announcement comes one day after Meta, the parent company of Facebook and Instagram, said it donated $1 million to the same fund. Amazon also said it plans to donate $1 million. China signals it's prepared to double down on support for the economy as Trump tariffs loom BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy. Analysts said the broad-brush plans from the annual Central Economic Work Conference were more of a recap of current policy than ambitious new initiatives at a time when the outlook is clouded by the President-elect Donald Trump's threats to sharply raise tariffs once he takes office. The ruling Communist Party did commit to raising China's deficit and to doing more to encourage consumer spending by bringing wage increases in line with the pace of economic growth. Here's a look at China's main priorities and their potential implications. Stock market today: Wall Street slips at the end of a bumpy week Stocks slipped as Wall Street closes out a rare bumpy week. The S&P 500 was down less than 0.1% in afternoon trading Friday and headed for a weekly loss. The benchmark index hit its latest in a string of records a week ago. The Dow Jones Industrial Average fell 25 points. The Nasdaq composite was down less than 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. Treasury yields edged higher in the bond market. European markets were mostly lower and Asian markets mostly fell. Next Week: Retail sales, Fed policy update, existing home sales The Commerce Department releases its monthly snapshot of U.S. retail sales Tuesday. Federal Reserve officials wrap up a two-day meeting and issue an interest rate policy update Wednesday. The National Association of Realtors issues its latest update on U.S. home sales Thursday. African Union chairperson candidates advocate for permanent UN Security Council seats NAIROBI, Kenya (AP) — Three African leaders seeking to head the African Union have detailed their plans for regional security amid conflicts and political coups while strongly advocating for inter-Africa trade. The race for chairperson debate was held Friday in Ethiopian capital Addis Ababa. Kenya’s Raila Odinga, Djibouti’s Mahamoud Ali Youssouf and Madagascar’s Richard Randriamandrato are seeking to be elected as chairperson for the 55-member state African Union. They had a two-hour debate Friday in which they all advocated for two permanent seats for African countries at the U.N. Security Council to effectively represent the continent with the youngest population. The three are seeking to convince most African countries before the February election to succeed the African Union Chairperson Moussa Faki. From a 10-year-old to a Muppet to a president-elect, NYSE bell-ringers range from famous to obscure The first guest invited to ring the bell at the New York Stock Exchange in 1956 wasn’t a company executive, a politician or a celebrity. It was a 10-year-old boy, Leonard Ross, who received the honor by winning a television quiz show. Since then, business titans, political giants and global film stars have all been among those ringing the opening bell at the NYSE. Ronald Reagan rang the bell as president in 1985. Billionaire businessman and former New York City Mayor Michael Bloomberg and Hollywood star Robert Downey Jr. have also rung the bell. The even list includes famous Muppets: Miss Piggy was once a bell ringer.
It’s been a horror year for many Australian brands forced to close their doors amid rising costs, with 40 per cent more businesses filing for insolvency since before the Covid-19 pandemic. CreditorWatch chief economist Ivan Colhoun said businesses were facing ongoing financial pressures much like their customers who were finding ways to cut their budget amid cost-of-living pressures. “Together with some greater caution in discretionary spending and softness in interest rate sensitive sectors of the economy, this unsurprisingly has led to higher voluntary business closures and some rise in insolvencies,” Mr Colhoun said. “We’re yet to see the extent to which the 1 July tax cuts now flowing through the economy will ease some of the pressures on consumers and businesses.” The latest CreditorWatch business risk index found that Aussie businesses were failing at their highest rate (5.04 per cent) since the height of the Covid-19 pandemic in October 2020 (5.08 per cent). The average failure rate for Australian businesses has climbed from 3.97 per cent in October last year. The food and beverage sector recorded the highest failure rate of all industries in October, increasing to 8.5 per cent from 8.3 per cent in the 12 months up to September this year. Administrative and support services were next with a 6.0 per cent failure rate in October, followed by arts and recreation services (5.9 per cent) and transport, postal and warehousing (5.8 per cent). Meanwhile, both the retail and construction industries look to be levelling out after each recorded a 5.5 per cent increase in insolvencies or business deregistrations during the same time period. Big brands under pressure During the 2023-2024 financial year, 2832 construction companies went into insolvency in Australia, according to ASIC data. Some of those failed companies will have lasting impacts on vital infrastructure and business projects across the country. Quasar Construction is just one of the construction companies that fell into administration this year. It continues to owe an estimated $60m to 600 creditors after its collapse earlier this year. The company’s collapse potentially impacts 10 projects across NSW, including a Bunnings, a $50m shopping centre and parts of the new Western Sydney Airport. Financial woes have also impacted the retail sector this year, with international brands like Dion Lee collapsing despite the company’s best efforts. Not even dressing US megastar Taylor Swift at the 2024 Super Bowl helped the popular fashion brand survive the horror year in fashion retail. Queensland University of Technology marketing professor Gary Mortimer told NewsWire that high-end fashion brands like Dion Lee had a “very small footprint and market size” that was hard to compete against brands such as Burberry or Chanel. “When you think about the likes of Chanel, even if their fashion business isn’t doing so well, they can certainly draw business from other revenue like make-up and cosmetics,” Mr Mortimer said. “Big brands like Louis Vuitton, Moet, and Hennessy have very differential business models, so if one element of the model or one element of the business isn’t working so well, they pull money from other businesses. “Dion Lee wasn’t able to do that.” Mr Mortimer said brands were having to come up with ways to beat their competition, but that didn’t always work out for the best. He said brands like Mosaic Brands, which went into voluntary administration in October owing $250m to creditors, tended to fall prey to “self cannibalisation”. Mosaic Brands confirmed it was in trouble earlier this year when it announced it would shut down its entities Autograph, BeMe, Crossroads, Rockmans and W.Lane in a bid to improve investment in its other brands Katies, Millers, Noni B and Rivers. Mosaic Brands had more than 700 stores and 10 online shops. Mr Mortimer said this type of retailing structure could be problematic in the long run. “Mosaic has five or six brands that are all targeting the same customer of the middle-aged woman,” he said. “It was all essentially the same type of product. “In a centre where you’d have two or three of the same brands, you’re all competing against yourself for the same customer.” Cost-of-living pressures The University of Sydney retail expert Lisa Asher said the cost-of-living crisis continuing to impact consumers’ discretionary spending was a major issue going against smaller Australian brands. “Those below 65, they’re going into savings, but those over 65 have the money (to spend),” Ms Asher told NewsWire. “Because of that, what it’s done is people have to priorities spend, and it’s shelter and food and basic necessities.” Mr Mortimer said consumers who were tightening their budgets could have a lasting impact on businesses. “Where we see discretionary spending categories like fashion, footwear or accessories sales have flatlined or in some cases have declined, it’s because households are more concerned about the cost of food, the cost of rent, servicing their mortgage, electricity bills going up and utilities bills going up,” he said. “In that certain economic climate, certain categories tends to trade less and decline in sales.” Ms Asher said consumers were more willing to turn to fast fashion, like Temu or Shein, when they want to buy something new instead of spending money on quality items. “What has happened because of this, within apparel, there’s been lot of changes within apparel and clothing,” she said. “Fast fashion and it’s actually killing off traditional apparel brands we’ve seen historically.” Trying to find a way forward Unfortunately, more businesses are likely to shut up shop in 2025. CreditorWatch forecasts food and beverage businesses are likely to fail at 9.1 per cent in the next 12 months. Mr Mortimer said retailers normally liked to rely on Christmas spending to help boost their profits as they head into the new year. “We still spend about $36bn in the month across the retail sector but that’s not more than what we spent last year,” he said. “As we move into the busy Christmas period, it’s projected that we will spend $69.7bn in the six weeks leading up to Christmas but that’s essentially what we spent last year. “Retailers aren’t expecting a significant kick in these sales as we move into the busy Christmas period.” But all eyes will be on the Reserve Bank of Australia in the new year as people look to see if interest rate relief is on the way. “A slowdown in the inflation rate will certainly help businesses, but we must remember this just means that price rises have slowed down, so the cost pressures remain,” CreditorWatch chief executive officer Patrick Coghlan, said. “In most cases, you won’t see the cost of goods and services coming down. “Businesses desperately need interest rates to come down so households have some relief in cost-of-living pressures and start spending more.” Originally published as Thousands of Australian businesses collapse during 2024 amid rising costsMusk says US is demanding he pay penalty over disclosures of his Twitter stock purchases DETROIT (AP) — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter, Musk’s lawyer Alex Spiro tells the outgoing SEC chairman, Gary Gensler, that the commission’s demand for a monetary payment is a “misguided scheme” that won’t intimidate Musk. The letter also alleges that the commission reopened an investigation this week into Neuralink, Musk’s computer-to-human brain interface company. The SEC has not released the letter. Nor would it comment on it or confirm whether it has issued such a demand to Musk. Senate begins final push to expand Social Security benefits for millions of people WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people. Senate Majority Leader Chuck Schumer began the process on Thursday for a final vote on the bill, known as the Social Security Fairness Act. It would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people. The legislation has passed the House. The bill would add more strain on the Social Security Trust funds, which are already estimated to be unable to pay out full benefits beginning in 2035. The measure would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office. Trump offers support for dockworkers union by saying ports shouldn't install more automated systems WASHINGTON (AP) — President-elect Donald Trump is offering his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports. He posted on social media Thursday that he met with union leaders and that any further “automation” of the ports would harm workers. He wrote that the “amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. The Maritime Alliance says the technology will improve worker safety and strengthen our supply chains, among other things. IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power WASHINGTON (AP) — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes. The announcement comes under the backdrop of a promised reckoning from Republicans who will hold a majority over both chambers of the next Congress and have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats. IRS Commissioner Danny Werfel said improvements made to the agency will help the incoming administration and new Republican majority congress achieve its goals of administering an extension of the 2017 Tax Cuts and Jobs Act. OpenAI's Altman will donate $1 million to Trump's inaugural fund LOS ANGELES (AP) — OpenAI CEO Sam Altman is planning to make a $1 million personal donation to President-Elect Donald Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships the incoming administration. A spokesperson for OpenAI confirmed the move on Friday. The announcement comes one day after Meta, the parent company of Facebook and Instagram, said it donated $1 million to the same fund. Amazon also said it plans to donate $1 million. China signals it's prepared to double down on support for the economy as Trump tariffs loom BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy. Analysts said the broad-brush plans from the annual Central Economic Work Conference were more of a recap of current policy than ambitious new initiatives at a time when the outlook is clouded by the President-elect Donald Trump's threats to sharply raise tariffs once he takes office. The ruling Communist Party did commit to raising China's deficit and to doing more to encourage consumer spending by bringing wage increases in line with the pace of economic growth. Here's a look at China's main priorities and their potential implications. Stock market today: Wall Street slips at the end of a bumpy week Stocks slipped as Wall Street closes out a rare bumpy week. The S&P 500 was down less than 0.1% in afternoon trading Friday and headed for a weekly loss. The benchmark index hit its latest in a string of records a week ago. The Dow Jones Industrial Average fell 25 points. The Nasdaq composite was down less than 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. Treasury yields edged higher in the bond market. European markets were mostly lower and Asian markets mostly fell. Next Week: Retail sales, Fed policy update, existing home sales The Commerce Department releases its monthly snapshot of U.S. retail sales Tuesday. Federal Reserve officials wrap up a two-day meeting and issue an interest rate policy update Wednesday. The National Association of Realtors issues its latest update on U.S. home sales Thursday. African Union chairperson candidates advocate for permanent UN Security Council seats NAIROBI, Kenya (AP) — Three African leaders seeking to head the African Union have detailed their plans for regional security amid conflicts and political coups while strongly advocating for inter-Africa trade. The race for chairperson debate was held Friday in Ethiopian capital Addis Ababa. Kenya’s Raila Odinga, Djibouti’s Mahamoud Ali Youssouf and Madagascar’s Richard Randriamandrato are seeking to be elected as chairperson for the 55-member state African Union. They had a two-hour debate Friday in which they all advocated for two permanent seats for African countries at the U.N. Security Council to effectively represent the continent with the youngest population. The three are seeking to convince most African countries before the February election to succeed the African Union Chairperson Moussa Faki. From a 10-year-old to a Muppet to a president-elect, NYSE bell-ringers range from famous to obscure The first guest invited to ring the bell at the New York Stock Exchange in 1956 wasn’t a company executive, a politician or a celebrity. It was a 10-year-old boy, Leonard Ross, who received the honor by winning a television quiz show. Since then, business titans, political giants and global film stars have all been among those ringing the opening bell at the NYSE. Ronald Reagan rang the bell as president in 1985. Billionaire businessman and former New York City Mayor Michael Bloomberg and Hollywood star Robert Downey Jr. have also rung the bell. The even list includes famous Muppets: Miss Piggy was once a bell ringer.
Election chaos is engulfing Romania and no one saw it comingED denies harassment as MP couple dies by suicide
How to get Notre Dame vs. Indiana College Football Playoff 1st round tickets
A massive $895 billion defense spending bill cleared the House of Representatives on Wednesday with provisions that would ban transgender medical treatments for minors and raise military pay. The must-pass legislation to fund the military for the next fiscal year passed in bipartisan 281-140 vote, with 200 Republicans and 81 Democrats supporting the measure. The bill, known as the National Defense Authorization Act (NDAA), faces an end-of-month deadline to clear Congress and be signed into law by President Biden. Incoming Senate Majority Leader John Thune (R-SD) indicated that the defense spending package may be taken up for a vote in the upper chamber early next week . The House-passed measure authorizes a 1% increase in defense spending and 14.5% pay raises for junior enlisted service members, or about half of US troops. Other enlisted service members would be eligible for a 4.5% bump in pay. The NDAA bill also includes funding for US joint military exercises with Israel and would prohibit the Pentagon from citing casualty numbers tabulated by the Hamas terror group. It also appropriates new funds for child care and housing for US troops. “No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that’s exactly what many of our service members are experiencing, especially the junior enlisted,” House Armed Services Committee Chairman Mike Rogers, (R-Ala.) said. “This bill goes a long way to fixing that.” Several Democratic lawmakers bristled at the inclusion of a measure that would bar TRICARE, the military’s health care program, from covering transgender medical procedures for the children of active-duty members. Rep. Adam Smith (D-Wash.), the ranking member on the House Armed Services Committee, voted against the bill over the transgender treatment provision. “These treatments changed their lives and in many cases saved their lives,” Smith said of puberty blockers and hormone therapy for children. “And in this bill, we decided we’re going to bar servicemembers’ children from having access to that.” Smith argued that the ban “taints an otherwise excellent piece of legislation.” Meanwhile, conservative lawmakers, such as Rep. Chip Roy (R-Texas), celebrated the ban. “I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates,” Roy said. The NDAA also includes a provision that would ban the teaching of critical race theory in the military. “In this year’s NDAA, we will end CRT by stripping funding for its teaching and promotion within our military!” Rep. Anna Paulina Luna (R-Fla.) wrote on X. “I have fought hard to get rid of it,” the congresswoman added. “CRT is a harmful ideology that spreads racial divides in our country. Our service members do not need this NONSENSE.”
During recent prior year projections for digital storage and memory we have not talked much about digital storage using optical recording. Optical storage media was a big consumer technology in the past as a method for digital content distribution but there was another market for optical storage for archival storage, where cartridges of optical discs were kept in libraries, similar to the optical libraries used for magnetic tape storage. These libraries used optical discs which were derived from Blu-ray and other mass market optical storage technologies and were often write-once optical media meant for archive applications. Let’s talk about where optical storage fits into the storage hierarchy and about the technologies being introduced by a number of optical storage startups, which could change the way that data centers store archived information. Data centers often use a combination of digital storage products with different performance versus cost trade-offs together to meet the needs of different workflows with the highest efficiency and lowest costs. The different layers in such a storage hierarchy today often feature solid state drives, SSDs, using NAND flash as a faster but more expensive, in $/TB, primary storage. This primary storage directly feeds the faster but even more expensive and volatile, DRAM memory used to directly support computation. There is another layer of digital storage, often called the secondary storage layer where lower cost, lower performance digital storage technologies are used to store a larger amount of less active data than that stored in primary storage. Secondary storage is where nearline hard disk drives, HDDs, are used the most to store data which has value, but which does not require the performance characteristics of most enterprise SSDs. In addition to HDDs there are a number of storage systems meant for secondary storage using quad-level cell, QLC, flash SSDs. These SSDs often higher storage capacity at lower cost than multi-level cell, MLC, and three-level cell, TLC, NAND flash, but they have lower endurance and lower performance, but still higher than that of individual HDDs. However, the raw storage costs of these QLC SSDs are still higher than that of nearline HDDs and so these products will likely have the most use where in-frequently written secondary storage with higher performance is needed. The final layer in this storage hierarchy is archival storage, where data is kept that still has potential value but which is very seldom accessed, for instance for various types of legal compliance or for historical value. This layer generally requires even lower costs for storage than the secondary storage layer and this is the realm where magnetic tape and optical disc storage have their greatest use. The chart below, from my colleague, Jim Handy, of Objective Analysis shows a log-log plot of storage performance versus capacity price for various memory and digital storage technologies. Coughlin Associates projects that annual storage capacity shipments for solid state drives (SSDs), hard disk drives (HDDs) and magnetic tape/optical storage should grow over 5X from 2024 through 2029. The majority of this stored data is for secondary or active archive applications where data is retained for later access and it is generally transferred to faster SSDs and DRAM for primary storage and immediate use. The percentage of data in secondary and archived storage is growing faster than primary storage. Optical storage libraries are still being sold as an alternative to magnetic tape storage and with the technologies being introduced by numerous startup optical storage startups, this use could increase. Coughlin Associates recently wrote a white paper on current archive storage technologies, including these newer optical storage technologies . This article includes some material from that white paper as well as the IEEE Mass Storage Roadmap . As secondary and archive storage demand grows, there may be opportunities for new storage media to play a role, particularly if they can provide higher performance, lower cost, including ongoing energy costs, and greater longevity than current archive storage media. There are also archival optical approaches that don’t use optical discs but rather ceramic coated rectangular glass sheets. Modern optical recording technologies are particularly interesting for archive and particularly digital preservation applications because the various optical storage media can last 100 years or more in a much less controlled environment that magnetic storage technologies. Conventional optical media uses lasers with a fixed wavelength to ablate regions of the media or to change the reflective characteristics of the media to create optical features that can be encoded to store digital information. This is how CDs, DVDs and Blu-ray discs work. Over 10 years ago, Panasonic and Sony created a roadmap for multiple layer two-sided Blu-ray derived optical storage that they projected would reach at least one TB per disc (Archival Disc, AD). In practice this technology, while used in some facilities, never became mainstream for general data archiving and demonstrated product disc storage capacity have not exceeded 500GB (their second-generation product, introduced in 2020. Sony and Panasonic both introduced optical disc library systems using their AD technology. There are many other optical recording media, which include PiqlFilm, which uses black and white, negative silver-halide film on a polyester base. This method is unique in that it can include recorded human readable instructions and file format and source code for reading data, in addition to digital data. This archive method is being used in some scientific, engineering and historical archives. PiqlFilm is also the initiator of the Arctic World Archive (AWA), a repository for world memory located in Northern Norway on the Arctic Ocean. Microsoft and the University of Southampton have explored volumetric archive recording in fused silica using a fast laser. This is a write once method with a media that should be stable for 100’s of years and can store up to 360TB of data on a 5-inch glass plate. The Southampton researchers have recently started a company, SPhontonix, to commercialize this technology. A California-based startup, Group 47 developed the Digital Optical Tape System (DOTS) that it says can preserve data for more than 200 years using a phase change media sputtered on a polyester-based film. The image below shows the SPhotonix optical storage concept. Various holographic optical recording technologies have also been developed over the years, but, although research on this technology continues, no commercial products using holographic recording have been successfully implemented for archival storage. Folio Photonics is a company which has developed a multilayer optical recording system for archiving applications which can result in photothermal recording similar to Blu-ray optical discs with either reflective or fluorescent recording technologies. Their technology uses photosensitive dyes dispersed in a polymer matrix to create a reflective or fluorescent optical media. This photosensitive material has a strong optical absorption at 405nm, the wavelength used for conventional Blu-ray discs. Using roll-to-roll co-extrusion processes, multiple layers can be produced all at once in a media which can be cut and placed on plastic optical disc substrates, reducing the costs of making a multiple layer optical media. Rather than using a spiral tracking feature embossed on conventional optical discs (hence the land and grooves), Folio does head tracking with a separate laser focused on the disc substrate where the tracking pattern is embossed. Folio Photonics believes that this could be done in multiple layers (dozens of layers all at once) with an initial manufacturing cost of less than $5/TB and with more layers going to less than $2/TB by 2029. Note that one of the on-going issues with multi-layer optical media has been the optical absorption of the layers which can reduce the storage capacity and signal from lower layers. The image below shows Folio Photonic’s projection for optical disc storage capacity with their technology. Another interesting optical recording contender is Cerabyte, founded in 2020 and with headquarters recently moved to Silicon Valley. Cerabyte uses sputtered 10nm ceramic layers on a glass substrate. Data is written encoded in an array of data matrices using a 2-D digital micro mirror with up to 2 million elements simultaneously written by femtosecond laser pulses in the UV spectrum with a write speed of 1GB/s and with less than 1W average power. Reading is done at GB/s data rates using high-speed image sensors and parallel high speed image processing for decoding. The image below shows Cerabytes digital recording concept. Both reading and writing are done across the square substrate by scanning the microscope optics using high-speed XY stages kept in focus using a piezo driven auto focus system enabling random data access. The 9X9 cm media sheets can be recorded on both sides and stacked in cartridges for robotic access similar to that used for conventional optical and magnetic tape libraries. Cerabyte projects media costs below $1/TB by 2030. Optera Data’s storage technology takes advantage of changes in the optical absorption/emission characteristics of its recording media at several adjacent laser frequencies during writing and then by reading these changes. These changes are referred to as spectral holes. They do this using an optical media which consists of a mixture of nano-particles with many particles lying within the write/read laser spot and the nano-particles have different but adjacent optical emission/absorption frequencies. To prevent oxidation, these nano-particles may be encapsulated in plastic beads and spread across a conventional plastic (or other material) optical disc substrate. The combination of these nano-particles, in which spectral sensitivities are close to and partly overlapping each other, results in a combined spectral emission profile that is called a “top-hat” fluorescence emission profile, that is, the light emitted by the different nano-particles, combine together to make a pattern like that shown in (a) in the figure below. With this media, tuning the write laser frequency to match that of one of the nano-particle frequencies creates a spectral hole where the nanoparticle emission can be diminished as shown in (b) in the figure below. These spectral holes can have a depth that depends upon the level of laser energy during the spectral hole writing as shown in the figure. Data can be encoded in both the frequency and depth of these spectral holes. Optera believes that, short term, 1TB discs are feasible with particulate media and medium term, a thin film single layer write once archival disc with high volume manufacturing costs of $1/10TB ($0.10/TB) is possible before the end of the decade. Longer term (say within a decade or so), these costs could be reduced even further, if this technology were implemented as a volumetric recording technology (perhaps even having 10X lower cost, $0.01/TB). Projections of new optical storage archiving systems promise 1PB optical cartridges by the 2030’s, compared to the possible 576TB cartridge projections for LTO Gen 14. Optical storage could be a significant contender for the digital archive market.Sinn Fein was accused of “ignoring” the role 3,000 Troubles deaths had in damaging community relations in Northern Ireland in a memo sent to a direct rule minister in 2003. Declassified files show the note to former MP John Spellar also said the republican party had ignored the “visceral component of sectarianism” in responding to a new government good relations strategy. Mr Spellar, then a Northern Ireland Office minister, had launched a consultation on the “A Shared Future” document, an attempt to address community divisions, segregation and sectarianism in the region at a time when the devolved powersharing institutions were suspended. A file at the Public Record Office in Belfast shows that OFMDFM official Chris Stewart wrote to the minister in July about a response to the document from Sinn Fein representative Bairbre de Brun. Mr Stewart told Mr Spellar that Ms de Brun’s letter had been critical of the document and was clearly intended to “mark your card”. He said among a number of points raised by de Brun was that “the promotion of equality is the key to improving community relations”. His memo adds: “Sinn Fein is clearly seeking to position or align the issue of community relations within its equality and human rights agenda. “This general Sinn Fein position has resulted in a simplistic analysis of community relations, which is flawed in its description of the causes and necessary policy response. “There is of course, no doubt that a lack of equality has been a contributing factor to poor community relations. “However, Sinn Fein ignores the many other factors, not least the violent conflict that resulted in over 3,000 deaths. “Sinn Fein also portrays poor community relations (for nationalists) as being a purely rational response to the political situation. “This ignores the more visceral component of sectarianism, which is all too prevalent in both communities.” Mr Stewart continues: “To suggest, as Sinn Fein does, that the promotion of equality should be the key component of good relations policy is to ignore the key message in A Shared Future, that indirect approaches alone are insufficient to deal with sectarianism and the abnormal relationship between sections of the Northern Ireland community.” The official recommended the minister invite representatives of Sinn Fein to a meeting to discuss the policy. The file also contains a note about Mr Spellar’s meeting with DUP representatives Maurice Morrow and Peter Weir the following month to discuss the document. The note says: “Morrow said he had no problem with sharing the future and suggested that the first step to that would be an election to decide who spoke for whom – though he was quick to say he didn’t want politics to dominate the meeting.” It adds: “Weir said that the biggest step towards improving community relations would be the creation of a political environment that had the broad support of both unionism and nationalism, and the GFA (Good Friday Agreement) could not create that environment.”For travelers, Puerto Rico is a floating island of desirability