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Sunday, December 29, 2024 Portland’s Oregon Rail Heritage Center is planning a significant investment in its future. The foundation is about to purchase four miles of railway track to guarantee that future visitors can continue enjoying its historic train excursions. Until now, the excursions have been run on tracks owned by the Oregon Pacific Railroad, which travels along the east bank of the Willamette River, from the Sellwood Bridge to the Oregon Museum of Science and Industry (OMSI). A Historic Investment in the Future To secure the track for long-term use, the Oregon Rail Heritage Foundation has announced plans to launch a $3 million fundraising campaign in January. This effort will enable the museum to purchase the track and ensure the sustainability of Portland’s beloved historic train excursions. The foundation’s executive director has expressed optimism about this acquisition, highlighting the museum’s commitment to preserving and expanding the opportunities for future visitors to explore Portland’s railway heritage. A Special Deal and the Addition of New Assets The current track owner, Dick Samuels, an influential member of the Oregon Rail Heritage Foundation, has long been involved with the organization, leading train trips and educating the public about historic rail technology. Samuels’ sons are now looking to sell the track to the foundation, providing an important opportunity for the museum to expand. The deal not only includes the four miles of track but also an additional mile that the museum has not previously used. Additionally, the transaction will grant the museum ownership of a maintenance shop, office space, and three old railway engines, further supporting its preservation efforts. Track Improvements and Challenges Ahead While this acquisition will be a significant step forward, the track will require substantial improvements to support the museum’s larger engines. The costs associated with upgrading the track could be considerable, but the foundation is committed to this transformation to ensure a robust experience for visitors in the coming years. The foundation has until 2026 to raise the necessary funds for this ambitious project. A Deeper Connection to the Community Leaders at the Oregon Rail Heritage Foundation believe that this acquisition will help them connect more deeply with the community. They foresee expanded opportunities for historic rail excursions and enriched volunteer experiences. The new track will not only serve the museum but will continue to be open for commercial use, as a frozen cheese business still relies on the route for its operations. This ensures that the track will maintain its role in Portland’s active transportation network. Historical Significance of the Track The track that the museum is acquiring has been a part of Portland’s infrastructure since 1904. Initially constructed by the Oregon Water Power and Railway Company, it was built to connect various towns and attractions via passenger trolleys. Over the years, it has played a pivotal role in the region’s transportation history, and the Oregon Rail Heritage Foundation is now working to ensure its continued use in the future. Transitioning from a Workshop to a Museum The Oregon Rail Heritage Center, which opened 12 years ago on the east side of Portland’s Tilikum Crossing bridge, initially served as a place for enthusiasts to repair and restore steam engines. However, as part of a new vision, the museum is shifting its focus to become a more accessible and engaging museum for a wider audience. The foundation aims to attract more visitors and increase income, creating a vibrant space where history comes to life through immersive rail experiences. Impact on Portland’s Travel and Tourism This effort to secure the track and expand the museum’s offerings will likely have a positive impact on Portland’s travel and tourism sector. By ensuring that the train excursions remain a part of the city’s cultural landscape, the museum is positioning itself as a key destination for both locals and visitors. Tourists seeking an authentic, historical experience in Portland will now have an even greater reason to visit, as the museum will be able to offer more frequent and diverse rail experiences. With the museum’s expanded focus on its visitor experience and the growing interest in historical tourism, this project could play a significant role in Portland’s broader tourism strategy. The foundation’s investment in maintaining Portland’s rail heritage and its focus on sustainability will likely boost the city’s appeal to both history enthusiasts and casual travelers alike. Portland’s Oregon Rail Heritage Foundation is on the cusp of a major milestone, as it works to secure the future of historic rail excursions. The proposed acquisition of the track and associated improvements will ensure that the Oregon Rail Heritage Center remains a vital and dynamic institution in the city’s tourism and cultural scene. By raising funds, improving infrastructure, and expanding its offerings, the foundation is poised to provide an even richer experience for the public, all while preserving Portland’s railroad history for future generations.Benchmark indices on Wall Street scaled new peaks on Wednesday after comments from Fed Chair Jerome Powell ahead of the policy announcement on December 18. Share Market View All Nifty Gainers View All Company Value Change %Change The Dow Jones closed above the mark of 45,000 for the first time, the S&P 500 added 0.6% to close near 6,100, while the Nasdaq Composite outperformed, gaining 1.3%. The tech-heavy index is now 1.3% away from the 20,000 mark. All seven big-tech stocks ended higher, sending a Magnificent Seven-linked ETF to gains of 62% so far for the year. The Technology Select Sector SPDR Fund also ended at an all-time high, a first since July. Stocks surged after Fed Chair Jerome Powell said that the US economy is in "remarkably good shape." Powell also said officials can afford to be cautious as they lower rates toward a neutral level — one that neither stimulates nor holds back the economy. He spoke at the New York Times DealBook Summit in New York. “We view this as slightly hawkish — but stopping well short of challenging the market’s growing confidence that a December cut is the base case, which has been our view all along,” said Krishna Guha at Evercore. One of Powell’s favorite barometers of the economy — the Beige Book — showed economic activity increased slightly in November, and businesses grew more upbeat about demand prospects. Treasury 10-year yields declined four basis points to 4.18%. French bond futures held onto earlier gains after far-right leader Marine Le Pen joined a left-wing coalition to topple the government, setting the stage for further political wrangling that has weighed on the nation’s assets for months. “The current market environment is clearly ‘risk-on’,” said Steve Sosnick at Interactive Brokers. “Yet the evidence shows that someone has been buying insurance against a 10% correction in the S&P 500, even though — or perhaps because — we haven’t seen one in months.” “We remain tactically bullish into year-end given the positive macro environment, earnings growth, and a Fed that remains supportive of markets,” wrote JPMorgan Chase & Co.’s Market Intelligence Team led by Andrew Tyler. “It is sensible to play the market’s momentum and see low pullback potential until mid-January,” they said. A Bank of America Corp. indicator that tracks sell-side strategists’ average recommendations remains at its highest level since early 2022, in neutral territory, but much closer to a contrarian “sell” signal than a “buy.” In commodities, West Texas Intermediate fell 2% Wednesday as tepid US economic data undercut OPEC+’s progress on a deal to keep output constrained. Gold was little changed early Thursday after two daily advances. (With Inputs From Agencies.)
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Runner's World: Top RBs take flight when Ravens entertain EaglesLucknow: Social welfare minister Asim Arun highlighted Prime Minister Narendra Modi's vision of a ‘ Developed India ,' emphasising that progress depends on advancing expertise in key areas like forensic technology . He was speaking on the concluding day of the two-day international conference organised by the Uttar Pradesh State Institute of Forensic Science (UPSIFS) on the occasion of the 75th Constitution Day. Justice Rajeev Singh (Allahabad High Court, Lucknow Bench), Social Welfare Minister Asim Arun, and Chief Information Commissioner RK Vishwakarma were the chief guests ofthe event. In his address, Justice Singh emphasised the importance of societal continuity, likening it to a river. He noted that when a river dries up, its banks lose their existence, paralleling the decay of society in the face of rising crime. Sharing case studies, he urged attendees to draw from life experiences to foster societal growth and harmony. Asim Arun along with Justice Rajeev Singh (Allahabad High Court, Lucknow Bench), and chief information commissioner RK Vishwakarma were the chief guests of the event. In his address, Justice Singh emphasised the importance of societal continuity, likening it to a river. He noted that when a river dries up, its banks lose their existence, paralleling the decay of society in the face of rising crime. Sharing case studies, he urged attendees to draw from life experiences to foster societal growth and harmony. Meanwhile, Vishwakarma recounted the institute's journey from conceptualisation to realisation, crediting his experiences with international forensic labs for inspiring the creation of UPSIFS, which now addresses critical gaps in forensic infrastructure. He expressed optimism about the institute evolving into a full-fledged university and recounted significant cases of cybercrime resolution. Prominent national and international speakers, including experts from IIT Kanpur, the University of Kent (UK), and the University of Granada (Spain), addressed diverse topics such as DNA analysis, cybersecurity, and computational biology. A special performance by students, featuring the play ‘Bade Dhoke Hain Is Raah Mein', educated attendees on cyber fraud prevention.
The Houston Texans made some crucial mistakes late in their game against the Tennessee Titans on Sunday that may have cost them a win. The Texans were trailing 23-17 late in the third quarter at NRG Stadium in Houston, Texas. Their defense came up with a huge play when cornerback Jimmie Ward intercepted a pass from Titans quarterback Will Levis and returned it for a touchdown. The Texans went up 24-23 and extended their lead to 27-23 with a field goal two drives later. Things quickly went downhill from there. First, Houston completely blew a coverage and allowed tight end Chig Okonkwo to break free for a 70-yard touchdown: Chig Okonkwo gets in open space for a 70-yard TD! : #TENvsHOU on CBS/Paramount+ : https://t.co/waVpO909ge pic.twitter.com/98scOwfisp — NFL (@NFL) November 24, 2024 That gave the Titans a 30-27 lead. CJ Stroud and the Texans drove into field goal range and had a chance to tie the game with 1:56 remaining, but Ka’imi Fairbairn shanked a 28-yard chip shot wide left: NO GOOD!!!!!! OH NO TEXANS!!! pic.twitter.com/VyQh6aY4pj — Mr Matthew CFB (@MrMatthew_CFB) November 24, 2024 The Texans still had three timeouts left after the missed field goal. Their defense came up with a stop and they got the ball back with 1:29 remaining. Houston’s drive started at their own 8-yard line, however, and Stroud took a big sack on 2nd-and-10. Stroud was then forced out of the back of the end zone for a safety on third down. SAFETY DANCE @Titans defense continues to make big plays pic.twitter.com/lUltpoQJFN — NFL on CBS (@NFLonCBS) November 24, 2024 Houston went on to lose 32-27 in a game in which they were heavily favored. The win was just the third of the year for Tennessee, while the Texans fell to 7-5. The Texans remain in the lead in the AFC South, but their loss to the Titans is the type of game — and self-inflicted wound — that could come back to haunt them late in the year. This article first appeared on Larry Brown Sports and was syndicated with permission.
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