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Long-range forecast
In this 2023 issue of Hampton Roads Business, several experts give us their takes on what the region will look like in 20 years. A lot of what we think about Hampton Roads surrounds its strategic significance to the U.S. military as home to the world’s largest naval base and the nation’s largest military shipbuilding [&helli[...]
Change management
Hands down, the most unintentionally funny of the alarmist stories about remote work must be the June “news” articles warning that by 2100, teleworking would result in a generation of obese, hunchbacked, prematurely aged people with swollen eyes, their hands permanently stuck in clawing gestures from using a mouse. Lest you [...]
Why ChatGPT just might save the humanities
Not surprisingly, the release of ChatGPT has produced a host of concerns about its potentially harmful effects on society. In higher education, commonly cited concerns center on threats to academic integrity, particularly the worry that students may soon depend on generative AI to do their thinking and writing. In response to th[...]
The antacid
For every parent who’s ever downed a Prilosec-and-Maalox cocktail while making out an eye-popping college tuition check, there comes a moment when they may look askance at how universities are spending their money. After all, the same schools that send entreaties to contribute to billion-dollar capital campaigns have dramatica[...]
The cost of leaning in
In 1982, the comic strip “Frank and Ernest” noted that Ginger Rogers — standing in for all women — did everything Fred Astaire did but “backwards and in high heels.” Even 41 years ago, that sentiment felt like a well-known acknowledgement, and it still holds true now. This issue, in our third annual Women in Leaders[...]
Choppy waters for ocean shipping
What a difference a year makes. In March 2022, ocean freight rates were at record highs, with capacity straining under the weight of historic U.S. import demand. High inventories and economic uncertainty prompted importers to pull back over the summer months, and volumes slowed. A spectacular rate collapse in the ocean freight m[...]
Our new AI overlords
A worker who never tires — who never needs to take a coffee break, who doesn’t get sick, who doesn’t disagree and who doesn’t have a messy home life or those pesky families that get in the way of productivity. And most importantly, a worker who doesn’t require a paycheck. For some CEOs, that’s the […]
Crown jewels
The Port of Virginia and its surrounding maritime community are the crown jewels of economic development in Virginia. Fewer than half of U.S. states have any coastline at all, not to mention the combined industrial, commercial and military presence that makes Hampton Roads an enduring source of growth for the commonwealth and th[...]
Is ESG another CRT?
In January, Virginia Attorney General Jason Miyares joined a group of 24 other state attorneys general in challenging a U.S. Department of Labor rule allowing fiduciaries to consider environmental, social and corporate governance (ESG) criteria such as climate change in making investment decisions for retirement funds. The AGs a[...]
A library of business intelligence
Admittedly, many of my personal business memories start from more than just a short while ago — pre-internet days to say the least. Now that everything is online, we don’t hear much about libraries anymore, except maybe in the case of public schools. Politics aside, I’m delighted people are still interested in reading word[...]
Business climate change
It’s no secret that the COVID-19 pandemic brought about a revolution in how workers and businesses think about where, when and how we work. And that change is fully reflected in the survey responses we received from the 100 companies selected for this year’s Virginia Best Places to Work cohort. Seventy-one of those 100 busin[...]
Tax cuts are the way to grow
Virginia’s finances are in excellent shape, paving the way for the General Assembly to agree with Gov. Glenn Youngkin that it’s time to cut taxes in the commonwealth. It’s your money, not the government’s, and the government has collected too much of it over the last few years. In a snapshot, Virginia’s coffers are ful[...]
