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Duck Planning Board to Meet on Wednesday, February 10, 2016 at 6:30 p.m.

5th February 2016

The Duck Planning Board will hold its regular meeting on Wednesday, February 10, 2016 at 6:30 p.m. in the Paul F. Keller Meeting Hall at 1200 Duck Road.   The public is welcome and all interested parties are encouraged to attend.  For the agenda click here, or visit the Planning Board page to view the agenda […]

The post Duck Planning Board to Meet on Wednesday, February 10, 2016 at 6:30 p.m. appeared first on Town of Duck, North Carolina.

Town of Duck FY 2015 Audit Available

5th February 2016

The Town of Duck’s Fiscal Year 2015 Audit was presented by Johnson, Burgess, Mizelle & Straub during the Duck Town Council Meeting in February and is available here.  You may also view a video of the presentation made during the February 3rd, Duck Town Council meeting available online on the Town of Duck’s YouTube channel. […]

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America’s Next Top Polluter

4th February 2016

Tyson Foods, Inc. is “one of the world’s largest producers of meat and poultry.” The company’s pollution footprint includes manure from its contract growers’ factory farm operations, fertilizer runoff from grain grown to feed the livestock it brings to market as meat, and waste from its processing plants.

Reach for the Sky: The Great Skyscraper Bubble Is Ready to Pop!

3rd February 2016

Reach for the Sky:
The Great Skyscraper Bubble Is Ready to Pop!

By Harry S. Dent Jr., Senior Editor, Economy & Markets

EditorIn 1928, construction on the world’s tallest building began in New York: the Bank of Manhattan Trust Building at 40 Wall Street. Today, it’s “The Trump Building.”

When its developers learned that the Chrysler Building would be even taller, they added three stories to the Manhattan Building to secure the title of “world’s tallest.” Then the Chrysler Building came along and added a giant spire, beating it by just over a hundred feet.

Of course, that didn’t last long either. Each of these buildings held the title for less than a year before the Empire State Building topped out at 1,454 feet, more than 400 feet taller than the other two.

And then: the economy collapsed.

The Great Depression hit.

And it took decades for the global economy to recover – and it wasn’t until the 1970s before a taller building emerged.

Those buildings were the Twin Towers in the early 1970s, and the Sears Tower in Chicago in ’73. And then, right on cue, another major recession hit in the middle of the decade.

Notice a pattern?

It is no coincidence that in both cases, the construction of major buildings coincided with long-term economic peaks. It happened in the 1930s and again in the 1970s.

Historically, there have been clear peaks in skyscrapers when the economy is at a high. It’s like when the party’s raging and the whole world thinks the economy will never go down, these mammoth hunks of steel pop out of the ground as if to say the high will go on forever!

And I haven’t even said a word about where we are today…


That’s how many skyscrapers popped up around the world in 2015. It’s the largest number that finished construction in a single year on record. Before this decade, it was usually around 20 or 30. Now it’s up to five times that!

Oh, but it gets better!

The Council on Tall Buildings and Urban Habitat expects 135 skyscrapers to be finished in 2016, and another 140 in 2017.

And get this: the Council says the number of “supertall” skyscrapers (300 meters or higher) has doubled from 50 in 2010… to 100 in 2015 – just five years in the most artificial global bubble in human history. No coincidence there, either!

It should be pretty obvious: the more the global economy expands, the higher and greater the number of major buildings that go up. And they concentrate in the leading countries and regions of the world at the time.

So it’s probably no surprise that China – a country that has overbuilt its infrastructure over a decade into the future, indebting themselves with tens of trillions of dollars – is dominating the current race for who will build the next tallest skyscraper in the world.

Right now, that title belongs to the Burj Khalifa in Dubai, standing at 2,717 feet. It was completed in 2010. The second highest – the Shanghai Tower in China, at 2,073 feet – finished last year.

But now China has plans to complete another project in 2017 – the Phoenix Towers in Wuhan, south-central China. The tallest will be the first ever to stand one kilometer high, or 3,280 feet. Oh, and it’s going to be pink!

China’s not the only one in the current race. Saudi Arabia has plans to complete their own 3,280-foot Kingdom Tower by 2019 – just as oil has been crashing and its government deficits are swelling. It’s just a big ego game to these up-and-coming countries!

Frankly, I don’t give that one much chance of happening. If the global economy slows as much as I expect, some of these building slated for 2017 or later will get postponed, if not canceled.

So, here is another major sign, among many, that this is not just another stock and economic peak.

Instead, this is a sign that we’re heading into another major long-term downturn – like the 1930s, and 1970s.


Harry

P.S. Even though the building opened in 1931, the Empire State Building didn’t become profitable until the 1950s. For a while, they called it the “Empty State Building.”


Well-read bird

3rd February 2016
Manteo Elementary School Administrative Intern Tami Harper went undercover to read ‘Tacky, the Penguin’ to the combined Pre-K classes on the final school day in January.

Poet laureates

3rd February 2016
First Flight High School senior Rosslyn LaCroix took top honors at the district Poetry Out Loud competition held on Jan. 21 at Waveriders in Nags Head. Her inspired recitations of ‘Invictus’ and ‘Blac

'Honk! Honk!'

3rd February 2016
This Canada goose is sounding a warning at Pea Island National Wildlife Refuge. Especially during the March through June breeding season, Canada geese can become very aggressive and territorial in def

Turning the Dowdy Park vision into reality

3rd February 2016
Nags Head prepares for design of playground phase

Eddie Greene’s retirement party

3rd February 2016
After 48 years, the iconic Christmas Shop shuts its doorsOn the last day of 2015, a sign reading “Closed Forever” stood in front of the Island Art Gallery and Christmas Shop in Manteo, bringing down the curtain on a business that brought joy to many Outer Banks residents and visitors over the past 48 years.

Jockey's Ridge: 40 and still going strong

3rd February 2016
Jockey’s Ridge State Park celebrated its 40th anniversary last year, bringing together many of the people involved in saving the sand dune to be a park.

Visitors Bureau accepting grant applications

3rd February 2016
The Outer Banks Visitors Bureau is accepting grant applications for its next award cycles. Only Dare County nonprofits and governmental units are eligible to apply.

Dare County meets new EMS director

3rd February 2016
Dare County Manager Bobby Outten introduced new Dare Emergency Medical Services (EMS) Director Jennie Collins at the Jan. 19 Board of Commissioners meeting. Pictured with Collins are her family, Dusti

Phil says spring is coming early

3rd February 2016
The verdict is in: Punxsutawney Phil declared Tuesday morning — Groundhog Day — that there will be an early spring.

Working on Daily 5

3rd February 2016
Manteo Elementary School fifth grade teacher Charlotte Hester was awarded a Dare Education Foundation grant to provide five iPod Minis to supplement the Daily 5 in her classroom. The Daily 5 is a fram

From Buffalo City to Mayberry

3rd February 2016
Local history lives in the Bluegrass Island ShopWalking into Cory Hemilright’s Bluegrass Island Shop on the Manteo Waterfront will be like stepping back into time — into a once busy logging-and-moonshine town no longer on the map.

MHS Student of the Month

3rd February 2016
Manteo High School junior Josh Pack was named Manteo High School's Student of the Month for December 2015.

January 12, 2016

2nd February 2016

CPENC Project Update Letter

The post January 12, 2016 appeared first on Town of Duck, North Carolina.

Photo Gallery: “Winter Storm Jonas Surfing” – Nick Gruber

2nd February 2016

Here is yet another set of photographs from Winter Storm Jonas back in January, 2016. All photos were taken by... Read More

The post Photo Gallery: “Winter Storm Jonas Surfing” – Nick Gruber appeared first on OBX Surf Info.

Dare County Schools Art Exhibit Opening Reception: Saturday, February 6, 2016 from 3:00-5:00 p.m.

2nd February 2016

The public is invited to attend the opening reception for the next show scheduled in the Town of Duck’s Rotating Art Show series, Dare County Schools Student Art Exhibit. The reception will take place on Saturday, February 6, 2016 from 3:00 p.m. to 5:00 p.m. The Dare County Schools exhibit will feature the work of students […]

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Planning Board to Consider Conditional Use Permit on Wednesday, February 10, 2016 at 6:30 p.m.

1st February 2016

The Town of Duck Planning Board will review the following revised Conditional Use Permit application on February 10, 2016 at 6:30 p.m. CUP-16-001    Application by Scott Foster, representing the property owner, Cape Oil Corporation, for a conditional use permit to expand the Coastal Cravings restaurant at 1209 Duck Road by establishing an outdoor dining/entertainment […]

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