Comment on Business News Roundup, Aug. 6

A Mexican restaurant, Tequila Raizes, is planned in downtown Homewood on village-owned property, with the village backing a property tax incentive for the owner. The property, at 18134 Dixie Highway, used to be the location of Savoia’s T’Go. The village has owned the site since 2015. The sale to Joaquin Anguiano, for $1, includes the adjacent Independence Park. Anguiano owns a restaurant on Chicago’s Southwest Side and plans to invest $2.3 million in building Tequila Raizes, according to the village. A redevelopment and sales agreement with Anguiano were approved last week by the Homewood Village Board. Village officials said other options had been sought for developing the site, now vacant with the exception of the park.

Gary Mayor Eddie Melton says a Japanese company’s potential purchase of U. S. Steel is beneficial for Northwest Indiana, but local environmental groups worry the deal will further permit the use of blast furnaces. “We remain opposed to this deal based on Nippon Steel’s abysmal global track record on environmental issues,” a Just Transition Northwest Indiana news release said.

Formula 1’s recent popularity still feels a little strange to longtime fans of the sport, particularly in the US, where it had been so niche for so long. But the past five years have seen F1 rise meteorically, and a new, much younger fanbase infused with enthusiasm for the cutting-edge race cars and the athletes who pilot them has emerged.

ORLANDO, Florida—Earlier this year, officials at US Space Command released a list of priorities and needs, and among the routine recitation of things like cyber defense, communications, and surveillance was a relatively new term: "integrated space fires." This is a new phrase in the esoteric terminology the military uses to describe its activities.

Stanley is recalling approximately 2.6 million of its switchback and trigger action stainless steel travel mugs sold in the U. S. because of a potential burn hazard. The company said that the mug’s lid threads can shrink when exposed to heat and torque, causing the lid to detach during use, posing a burn hazard. Stanley has received 91 reports worldwide, including 16 in the U.

The gap of time between how long Americans live and how much of that time is spent in good health only grew wider in the last two decades, according to a new study published in JAMA Network Open. The study, which looked at global health data between 2000 and 2019—prior to the COVID-19 pandemic—found the US stood out for its years of suffering.