Latest news with #GlobalPower
Bloomberg
02-07-2025
- Politics
- Bloomberg
Iran Strike Was a Triumph That Showed American Weakness
It's useful to be reminded, occasionally, that there's only one superpower. Operation Midnight Hammer, the globe-spanning strike against Iran's nuclear program, was a demonstration of power projection that America's rivals can only envy. Unfortunately, the operation is also testament to how badly US military power is being strained, and how unserious the nation's debate on defense strategy has become. That debate has featured, in recent years, two warring camps. In the first are those who warn that the threat of war with China is rising and that interventions elsewhere make it harder to prepare for that fight. In the second are those who argue that the US has vital stakes outside the western Pacific and that a global power can't simply quit crucial regions such as the Middle East and Eastern Europe. Oddly, recent events show that both groups have a point.
Bloomberg
20-06-2025
- Business
- Bloomberg
Here's Why China Is a Key Player in the Israel-Iran Conflict
China has condemned Israel's recent attack on Iran, while offering to play a positive role in facilitating dialogue between the two countries. China's economic ties to the region add to its geopolitical heft - and it's the latest example of Beijing's growing role as a global power-broker and diplomatic force.
Bloomberg
05-06-2025
- Business
- Bloomberg
Summers Says Debt Surge From Trump Plan Will Undermine US Power
Former Treasury Secretary Lawrence Summers said that President Donald Trump's signature tax and spending plan will add to the US debt load in a way that will end up undermining the nation's status as the preeminent global power. 'This makes us vulnerable,' Summers said on Bloomberg Television's Wall Street Week with David Westin. 'The world's greatest debtor accumulating debt faster than any other country ever has in dollar volume is putting at risk its status as the world's greatest power.'
Yahoo
14-05-2025
- Business
- Yahoo
Local manufacturer plans to redevelop Journal Sentinel's closed printing plant with 1,000 jobs
The Milwaukee Journal Sentinel's former printing plant would be converted into a facility for a local manufacturer under a new proposal − bringing up to 1,000 jobs to that site. Global Power Components wants to buy the building, at 4101 W. Burnham St., West Milwaukee, and construct a large addition for its growing operations. That's according to information disclosed May 9 by the West Milwaukee Plan Commission. The commission is to consider Global Power's proposal at its May 13 meeting. Global Power has outgrown its main facility at 2300 S. 51st St., said John Stalewski, village president. He told the Journal Sentinel the company plans to still maintain that operation on Milwaukee's south side. Global Power, known formally as BHP Inc., builds fuel tanks, enclosures and other equipment for the power generation industry. "Apparently, stand-by generators have gotten to be a big business," Stalewski said. He said Global Power says the West Milwaukee plant would have three production shifts totaling around 1,000 employees. Global Power currently operates in five Milwaukee-area facilities with more than 1,200 employees, according to the Plan Commission documents. "We're very excited about this project," Stalewski said. He said the development could include village funding through a possible tax incremental financing district. The West Milwaukee plant, along with the company's Milwaukee facilities, "will help us serve our customers with industry-leading innovation and design," said Chief Operating Officer Mike Watkinson, in a statement. The Journal Sentinel's 476,316-square-foot former production facility is listed for leasing, and for sale, by Colliers, a commercial real estate services provider. The listed sale price is $27.5 million. Global Power wants to build a 230,000-square-foot addition to provide more manufacturing space, according to the Plan Commission documents. The news organization's corporate parent, Gannett Co., closed the production facility in 2022 as a cost-savings move − eliminating 180 jobs. The Journal Sentinel is now printed at a Gannett plant in Peoria, Illinois. The $112 million West Milwaukee printing plant opened in 2003. The property was sold in 2022 for $26 million to 4101 W. Burnham St. Milwaukee WI LLC. That's an affiliate of New York-based Alden Global Capital LLC − an investment firm that owns newspapers, including the Chicago Tribune. But Alden Global's apparent plans to print the Chicago Tribune in West Milwaukee never materialized. Global Power's plans were disclosed around one year after the maker of Palermo's frozen pizzas announced plans to expand through a new West Milwaukee production facility with 50 jobs. Palermo Villa Inc.'s new operation is being developed at 3900 W. Lincoln Ave. That was the longtime site of Froedtert Malt Corp.'s complex before it was demolished in 2023. (This story was updated to provide new information). Tom Daykin can be emailed at tdaykin@ and followed on Instagram, Bluesky, X and article originally appeared on Milwaukee Journal Sentinel: Global Power to bring 1,000 jobs to former Journal Sentinel facility
Yahoo
14-05-2025
- Business
- Yahoo
Ex-Journal Sentinel plant's conversion to Global Power site wins approval. It brings 1,000 jobs
The proposed redevelopment of the Milwaukee Journal Sentinel's former printing plant into a manufacturing site with around 1,000 jobs has received local zoning approval. Global Power Components wants to buy the building, at 4101 W. Burnham St., West Milwaukee, and construct a large addition for its growing operations. That project was approved by the West Milwaukee Plan Commission at its May 13 meeting. It doesn't need Village Board zoning approval, said Theresa Anniuk, zoning administrator. Global Power has outgrown its main facility at 2300 S. 51st St. Known formally as BHP Inc., the company builds fuel tanks, enclosures and other equipment for the power generation industry. Global Power currently operates in five Milwaukee-area facilities with more than 1,200 employees, according to the Plan Commission documents. The West Milwaukee plant would have up to 1,000 employees on three shifts. Global Power plans to buy the 476,316-square-foot building and construct a 230,000-square-foot addition to provide more manufacturing space. The company hopes to begin constructing the addition in spring 2026 − if a cleanup of the site's contaminated soil is approved by the Wisconsin Department of Natural Resources, Anniuk said. The Journal Sentinel's corporate parent, Gannett Co., closed the production facility in 2022 as a cost-savings move − eliminating 180 jobs. The newspaper is now printed at a Gannett plant in Peoria, Illinois. The property was sold in 2022 for $26 million to an affiliate of New York-based Alden Global Capital LLC − an investment firm that owns newspapers, including the Chicago Tribune. But Alden Global's apparent plans to print the Chicago Tribune in West Milwaukee never materialized. Tom Daykin can be emailed at tdaykin@ and followed on Instagram, Bluesky, X and article originally appeared on Milwaukee Journal Sentinel: Ex-Journal Sentinel plant's conversion to Global Power site approved
