Black Celebs Who've Had Plastic Surgery, Work Done to Look Even Better!NEW YORK (AP) — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly three in seven of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. “Investors should enjoy this rally while it lasts—there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 0.5% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol ’s brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.( MENAFN - IANS) Seoul, Dec 30 (IANS) World leaders have expressed condolences and solidarity with South Korea after the tragic airplane crash in Muan claimed more than 170 lives. In a statement released by the White House, US President Joe Biden on Sunday expressed his grief over the accident and pledged support to South Korea. "Jill and I are deeply saddened to learn of the loss of life that occurred as a result of the Jeju airlines accident in Muan, South Korea. As close allies, the American people share deep bonds of friendship with the South Korean people, and our thoughts and prayers are with those impacted by this tragedy. The US stands ready to provide any necessary assistance," the White House statement said. Japanese Prime Minister Ishiba Shigeru extended his sympathies to the bereaved families on behalf of the government and the people of Japan. "I am deeply saddened by the loss of many precious lives due to the airplane accident that occurred in South Korea. On behalf of the Government and the people of Japan, I wish to express my sincere condolences for the loss of life and send my deepest sympathies to the bereaved families. My thoughts go out to all those who were injured, and I sincerely hope they will make a swift recovery," the statement from the Office of the Prime Minister of Japan said. India's External Affairs Minister, S Jaishankar, also expressed deep sorrow over the airplane crash. David Lammy, the United Kingdom's Secretary of State for Foreign, Commonwealth, and Development Affairs, and Penny Wong, Australia's Minister for Foreign Affairs, offered their condolences on the tragic accident. Chinese President Xi Jinping said he was "shocked" to learn of the crash, in a message to South Korea's acting President Choi Sang-mok. "I express our deep condolences to the victims, sincere sympathy for the victims' families, and wish those injured a speedy recovery," he said, quoted by China's state broadcaster CCTV. In a statement late on December 29, a spokesperson for Singapore's Foreign Affairs Ministry said: "The Singapore Government is saddened by the news of the tragic crash of Jeju Air Flight 2216 on December 29, 2024. We convey our deepest condolences to the government of South Korea and the families and loved ones of those who have perished. We wish the survivors a full recovery." "We are in contact with the South Korean authorities and there were no reports of Singaporeans on board the flight." EU Chief Ursula von der Leyen said she was "heartbroken to see images of the plane crash in Muan". "As your partner, Europe stands with you in this time of grief," the European Commission President said. Pope Francis, who visited South Korea a decade ago, told worshippers at the Vatican he joins "in prayer for the survivors and the dead". "My thoughts are with the many families in South Korea who are mourning today following the dramatic plane crash," Pope Francis said. France's Foreign Ministry said that Paris learnt "with great emotion the terrible toll" and sends condolences to the affected families. Germany's President Frank-Walter Steinmeier said the crash is "yet another blow to the nation's heart" after "a difficult period" -- alluding to weeks of political turmoil in Seoul. "This is an incredible loss and pain" for the friends and families of those killed, Steinmeier said. "Profoundly saddened by the tragic incident," Greece's Foreign Affairs Ministry said on X, sending condolences "during this difficult time". Earlier, the South Korean authorities confirmed that 179 people were killed and two people were rescued out of 181 aboard following a plane crash in South Korea's Muan region, Yonhap news agency reported. The incident occurred on Sunday morning when a Jeju Air passenger jet, carrying 175 passengers and six crew members, belly-landed and exploded at Muan International Airport, the Yonhap news agency reported. The aircraft veered off the runway while landing, with its landing gear not deployed, skidding across the ground, hitting a concrete wall, and bursting into flames. South Korea's acting President Choi Sang-mok, also declared Muan County a special disaster zone and visited the crash site to direct search operations. Jeju Air CEO Kim E-bae further issued an apology and expressed condolences to the victims' families, taking full responsibility for the incident. The airline has promised full support for the surviving families, including financial assistance, citing its $1 billion insurance plan. "Regardless of the cause, I take full responsibility as the CEO," Kim said. MENAFN29122024000231011071ID1109040084 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Global Youth Philanthropy Youth Representatives Showcase Climate Action at COP29 11-22-2024 09:44 PM CET | Science & Education Press release from: Getnews / PR Agency: Global Social The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) recently convened in Baku, Azerbaijan. On November 19, from 9:30 AM to 1:00 PM local time, the China Pavilion in the Blue Zone hosted a side event titled "Actively Guard against Climate Risks and Build Low-carbon and Resilient Cities." Image: https://www.getnews.info/uploads/c8b0222587bfd4fe71f94f6c2a6d62da.jpg This event brought together representatives from government departments, international organizations, research institutions, and cities from both China and abroad to discuss the impacts of global climate change and strategies for risk prevention. Participants shared China's experiences in climate change policies and actions, while exchanging practical outcomes in the development of low-carbon resilient cities worldwide. The attendees unanimously agreed that addressing climate change is a global challenge, and only through collaborative innovation can meaningful progress be achieved. At the side event, Liu Hailiang, a board member of Global Youth Philanthropy, was invited to deliver a keynote speech titled "The Role of Youth in Addressing Global Climate Change and Environmental Crises." He emphasized that youth represent a vital force in tackling global climate change, contributing energy and vitality to the green transition through innovative practices and cross-cultural collaboration. Global Youth Philanthropy actively responds to the UN's "Youth 2030 Strategy" and Sustainable Development Goals, aiming to unite young people worldwide, foster innovation in global governance practices, and cultivate future leaders with social responsibility and global competence. Additionally, the organization seeks to promote cross-cultural exchanges among international youth, contributing to a more beautiful and shared future for the world. Image: https://www.getnews.info/uploads/0504239355a8620488dbe9a8c3b69ad5.jpg Leah Wu, a youth representative from Global Youth Philanthropy and the founder and president of Fission for the Future , delivered a speech titled "Recent Technological Developments in Nuclear Energy and Its Promising Future in Climate Change." Leah addressed the urgent need for solutions to meet growing global energy demands while minimizing emissions. She explained how advancements such as Small Modular Reactors (SMRs) could make nuclear energy cleaner, safer, and more efficient. Meanwhile, Leah Wu launched an initiative titled "Embrace Diversity of Clean Energy" at the event, calling on global youth to work together in advancing diverse clean energy development and building a sustainable future. A signature collection campaign was held on-site, receiving widespread support. Leah Wu emphasized that innovations in technology and policy can enable tailored energy solutions based on the needs of different regions, fostering a cleaner and more sustainable future together. Alice Hu, founder of Human Rights Youth Advocacy and one of the exhibition's lead curators, shared her plastic pollution advocacy through a video presentation. Using vivid data and examples, she urged young people to recognize the severity of global plastic pollution and take action to reduce plastic usage. Her presentation highlighted the responsibility and leadership of youth in addressing environmental challenges. Image: https://www.getnews.info/uploads/359f63aaf4a0e053900f912a3daca0a2.jpg Youth representatives from Global Youth Philanthropy - Andy Zhou, Alice Hu, and Ariel Hu - curated an exhibition titled "Climate Adaptation Practices: Emergency Response, Capacity Building, and Youth Engagement." The exhibition showcased innovative projects led by youth from around the world, demonstrating their creativity and determination in tackling climate change. Image: https://www.getnews.info/uploads/4b9bbce661143b93b4ecc9b703e89dbe.jpg Among the featured projects, the Food Bridge App aims to reduce food waste and has already helped over 300 families. The Sustainable Style Project advocates for reducing the environmental impact of fast fashion by encouraging more sustainable consumption habits. Art for Earth , a global public art initiative, raises awareness about climate issues through exhibitions in cities such as Beijing and Vancouver. Additionally, A Bang for Action , a project featuring Eco-Friendly Fireworks Innovations , highlighted its smokeless fireworks as a creative solution to reducing air pollution while maintaining cultural traditions. Adding to the event's depth, Celine Liu, a youth journalist from Youth Voice, reported on the conference from a young person's perspective. Her coverage offered thoughtful observations and heartfelt appeals, urging more youth to join the global climate movement. As China's Special Envoy for Climate Change, Liu Zhenmin, noted during the conference: "An increasing number of young people are joining the noble cause of global climate governance. They are our hope for the future. I encourage young people to continue practicing low-carbon lifestyles, demonstrating leadership, and inspiring their peers to take part in this great endeavor." Image: https://www.getnews.info/uploads/1642fa6c159fc083ce15a348797b7a30.jpg This year's COP29 not only showcased the innovative practices and sense of mission displayed by youth in addressing climate change but also emphasized their vast potential to shape global climate governance. Looking ahead, Global Youth Philanthropy will continue to support and empower young people through collaboration and innovation, injecting hope and vitality into global climate action. Media Contact Company Name: Global Youth Philanthropy Contact Person: Liping Sun Email: Send Email [ http://www.universalpressrelease.com/?pr=global-youth-philanthropy-youth-representatives-showcase-climate-action-at-cop29 ] Country: China Website: http://www.youth-global.org/ This release was published on openPR.NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global AI in games market size is estimated to grow by USD 4.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 24.65% during the forecast period. Growing adoption of ar and vr games is driving market growth, with a trend towards increasing emergence of cloud gaming. However, network latency in between games poses a challenge. Key market players include Alphabet Inc., Capcom Co. Ltd., Charisma Entertainment Ltd., COGNOSPHERE PTE. LTD., Electronic Arts Inc., Konami Group Corp., Latitude, Microsoft Corp., NetEase Inc., Nintendo Co. Ltd., NVIDIA Corp., PrometheanAI Inc., Side Effects Software Inc., Sony Group Corp., Take Two Interactive Software Inc., Tencent Holdings Ltd., Theai Inc., Ubisoft Entertainment SA, Unity Software Inc., and Vivendi SE. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF AI In Games Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 24.65% Market growth 2024-2028 USD 4501.72 million Market structure Fragmented YoY growth 2022-2023 (%) 22.96 Regional analysis North America, APAC, Europe, South America, and Middle East and Africa Performing market contribution North America at 44% Key countries US, China, Japan, UK, and Germany Key companies profiled Alphabet Inc., Capcom Co. Ltd., Charisma Entertainment Ltd., COGNOSPHERE PTE. LTD., Electronic Arts Inc., Konami Group Corp., Latitude, Microsoft Corp., NetEase Inc., Nintendo Co. Ltd., NVIDIA Corp., PrometheanAI Inc., Side Effects Software Inc., Sony Group Corp., Take Two Interactive Software Inc., Tencent Holdings Ltd., Theai Inc., Ubisoft Entertainment SA, Unity Software Inc., and Vivendi SE Market Driver Cloud gaming's adoption is growing due to its accessibility and cost-effective structure. Grid computing enables streaming of high-quality games to devices via wired or wireless connections. Cloud gaming eliminates the need for expensive hardware and offers click-to-play simplicity. AI plays a crucial role in optimizing cloud costs and enhancing gaming experiences. The global AI in games market will benefit from this trend, with AI-driven techniques like auto-scaling and cost visualization helping businesses control expenses. The AI market in the games industry is experiencing significant growth. With the integration of Virtual Reality (VR) and Augmented Reality (AR), games have become more interactive and engaging. Real-time analytics and machine learning technologies are used to enhance the player experience. Two prominent AI applications are NPCs (Non-Player Characters) and predictive analytics. NPCs provide realistic and dynamic gameplay, while predictive analytics help players improve their performance. Companies are investing in AI to create and personalized gaming experiences. The use of cloud computing and GPUs (Graphics Processing Units) enables the processing of large amounts of data in real-time. The future of AI in games is bright, with advancements in natural language processing and computer vision set to revolutionize the industry. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! • The AI in Games market experiences a major hurdle in the form of network latency. This delay between a player's action and the game server's response can negatively impact gameplay, particularly in multiplayer scenarios. Factors contributing to latency include internet connection quality, geographical distance, network infrastructure, player numbers, and server load. Despite its impact on market growth during the forecast period, efforts are ongoing to mitigate latency and enhance user experience. • In the rapidly growing AI in games market, developers face several challenges. They need to ensure that AI-powered gameforms are engaging and realistic, requiring complex programming and large datasets. Data collection and management is a significant challenge, as is ensuring that AI systems can adapt and learn in real-time. Additionally, integrating AI into existing game engines and ensuring compatibility with various platforms can be difficult. Furthermore, privacy concerns and ethical considerations must be addressed when implementing AI in games. Overall, the integration of AI in games presents numerous opportunities, but also requires careful planning and execution to overcome these challenges. Discover how AI is revolutionizing market trends- Get your access now! This ai in games market report extensively covers market segmentation by Type 1.1 AI enabled platforms 1.2 AI enabled games Technology 2.1 Machine learning 2.2 Natural language processing 2.3 Computer vision 2.4 Robotics Geography 3.1 North America 3.2 APAC 3.3 Europe 3.4 South America 3.5 Middle East and Africa 1.1 AI enabled platforms- AI platforms in the gaming industry facilitate the development, deployment, and maintenance of deep learning and machine learning models. These tools enable faster and more accurate data analysis, prediction, and action-taking, enhancing game production. Companies like Microsoft and Alphabet AI lead this change, offering advanced graphics, real-time interactions, and player behavior insights. AI's impact on game immersion and realism, through ray tracing and AI-powered virtual characters, is driving market growth during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics The AI in Games market is experiencing significant growth, with advancements in AI algorithms, machine learning, and deep learning driving innovation. Virtual and augmented reality technologies, such as Microsoft HoloLens 2, are integrating AI to provide experiences. AI-generated content, including 3D representations and image upscaling, is enhancing the gaming experience. Euphoria, a middleware system, is utilizing AI to create realistic character behaviors. Games like Cyberpunk 2077, Battlefield V, Red Dead Redemption 2, and others are leveraging AI technologies, including neural networks and ray tracing, to deliver more engaging and predictive gameplay. Network latency is being addressed through AI-enabled platforms, while GPUs and CPUs continue to play crucial roles in powering 3D games. Data analysis and prediction are key applications of AI in gaming, providing personalized experiences for players. The AI in Games market refers to the integration of artificial intelligence technology in the development and creation of video games. This includes the use of machine learning algorithms for character behavior, non-player character interactions, and game design. AI in games can enhance the player experience by creating more realistic and dynamic game environments. It can also be used for game development tools, such as procedural content generation and game balancing. The use of AI in games is becoming increasingly popular, with many developers exploring its potential to create and engaging gaming experiences. The applications of AI in games span across various genres, from strategy and role-playing games to first-person shooters and sports simulations. The future of AI in games holds great promise, with advancements in technology expected to lead to even more sophisticated and interactive gaming experiences. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Type AI Enabled Platforms AI Enabled Games Technology Machine Learning Natural Language Processing Computer Vision Robotics Geography North America APAC Europe South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/ai-in-games-market-to-grow-by-usd-4-5-billion-from-2024-2028--fueled-by-rising-adoption-of-ar-and-vr-games-report-on-ai-driven-market-evolution---technavio-302325013.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Facebook Twitter WhatsApp SMS Email Print Copy article link Save NORTH WILDWOOD — A settlement proposal could resolve a complicated tangle of disputes between the city and the state Department of Environmental Protection and spell the end of the Lou Booth Amphitheater on Second Avenue. The tiny outdoor theater, the site of summer concerts and church services, would be removed and the spot made to match the dunes that surround it, under the proposed agreement. It also could cost the city $1.7 million. City Council members expect to vote on the agreement in December. “It’s essentially ready to go,” said Mayor Patrick Rosenello, who supports the wide-reaching settlement. In an interview Monday, he said the deal would resolve a multimillion-dollar series of fines levied by the DEP against North Wildwood, and a $20 million lawsuit filed by the city against the state. It also will mean progress for a long-delayed federal beach project that will include North Wildwood and allow the completion of a seawall the city sees as a vital component of storm protection. Not too late! Voting closes at noon for The Press Football Player of the Week What does Spirit Airlines' bankruptcy mean for Atlantic City International Airport? 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Iconic Avalon properties on the market for $7.4 million South Jersey first grader assaulted by teacher during bus trip, lawsuit alleges South Jersey student talks about her yearlong suspension as others adjust to school elsewhere: 'It was a hard lesson' The areas that the settlement proposal does not specifically resolve, he said, it lays out a pathway toward progress. Rosenello said the agreement could make his city much safer for future storms. “It creates a clearer path to generational shore protection,” Rosenello said. “At the end of the day, that really is the top priority for the city and, I think, for the governor.” Gov. Phil Murphy was in North Wildwood in late spring and helped push through an emergency beach replenishment, funded through the Department of Transportation’s division of Maritime Resources rather than the DEP as is more typical for beach projects. North Wildwood has allowed cabanas and tents back on the beach after a ban was enacted earlier this year to conserve space on the beach during an emergency replenishment project. According to Rosenello, Murphy pushed hard at that time to resolve the ongoing dispute between the DEP and the city, but it took months to reach the current settlement agreement in a series of disputes that had appeared to be worsening each year. Rosenello described the multiple issues between the state and city, and over future beach projects, as a “many-headed beast,” but said he believes all parties want to ensure shore protection. Murphy is a Democrat. Rosenello is a Republican, in a town that has long had a Republican-majority government. A spokesperson for the DEP declined to comment, indicating there would likely be no comment until the proposal is approved. That was set to happen at a November meeting, but the vote was delayed. Rosenello expects it to pass next month without an issue. The resolution as posted to the city’s website cites the significant erosion of North Wildwood’s beaches over the past two decades, when the city went from having one of the healthiest beaches to one of the most endangered. Before the state project this year, the city was looking at a series of new rules to manage a dwindling beach. In some sections of the community, there was no beach at all during high tides, with water up to the seawall. Much of the dispute between North Wildwood and the DEP related to those beaches, and the lengths North Wildwood went to protect them. For years, the city would truck sand in from farther south on the island it shares with Wildwood and Wildwood Crest, until the beaches eroded to the point that the trucks could no longer pass. In some instances, the DEP alleged, seawalls were installed and other measures taken without needed state authorizations. Rosenello had consistently responded that he has a responsibility to protect residents and visitors and their property, including holding back storm surges. In North Wildwood, officials say they got everything they wanted from an emergency state project to rebuild badly eroded beaches before the July 4 holiday. Mayor Pat Rosenello said the work saved summer. In October 2022, the DEP sought an injunction in court to keep the city from any further work on shore protection. Help was on the horizon, in the form of an island-wide federal beach project similar to the dredging work that has taken place in other shore towns. But that horizon kept receding, with the project on the drawing board for a decade as the needed easements and permits were secured. Now, Rosenello hopes that work could take place in 2025, potentially solving his town’s erosion woes in the long term. It is primarily a federal project, but the settlement calls for $1 million contributed by the city, to join a state and federal share. Rosenello said the estimated total cost is close to $25 million just for the North Wildwood portion. The city also will have to contribute $700,000 to a state fund related to water pollution as part of the settlement, he said. Rosenello believes the city will get more than it gives, with an expected $7 million state grant and $10 million in federal money joining about $2 million in city funds to complete a seawall in compliance with state standards. Rosenello also celebrated a separate development: the approval to use sand from the shoals in Hereford Inlet for beach replenishment, which he believes will greatly simplify the replenishment process in the federal project. As the settlement has been discussed in the communities of the Wildwoods, many residents have focused on plans for the amphitheater, named for a well-known and well-loved figure in the community. Many commenters on social media blasted what they see as overreach by the state government and cited happy memories of events at the small theater. Rosenello said city officials are looking for other options to host the events that took place at the amphitheater, but so far nowhere is a perfect fit. But he added the amphitheater is in “very, very poor condition” and that there were significant challenges to repairing it, primarily with its location. Sand has started flowing onto the beaches of North Wildwood with the start this week of a state and city replenishment project aimed at rebuilding some of the most eroded beaches in New Jersey. The work would have required a permit under the state’s Coastal Area Facilities Review Act, and the site is within the setbacks for both dunes and wetlands. He added the city has not been able to find documentation of permits from when the theater was first constructed decades ago. “It was becoming very, very difficult, almost to the point of it not making sense anymore,” Rosenello said. While at times the rhetoric between the city and the DEP appeared heated, Rosenello believes the settlement will allow all parties to work together going forward. “I don’t have any hard feelings. I don’t think it’s personal on any level,” he said. “I think it was some very different perspectives on many issues." Rosenello Contact Bill Barlow: 609-272-7290 bbarlow@pressofac.com Twitter @jerseynews_bill Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. 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