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Hike again? Take a pause? Fed officials are split about what to do next to fight inflation

Published Sat, 22 Feb 2025 02:06:20 GMT

WASHINGTON (AP) — The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022.Many Fed watchers have expected the central bank’s officials to forgo another increase in their benchmark rate when they next meet in mid-June. Yet recent warnings from several of the officials about the continuing threat from high inflation suggest that that outcome is far from certain. And on Thursday, Lorie Logan, president of the Federal Reserve Bank of Dallas, said she believes that the economic data so far doesn’t support a pause in the central bank’s rate hikes next month. “The data in coming weeks could yet show that it is appropriate to skip a meeting,” Logan said in written remarks to the Texas Bankers Association. “As of today, though, we aren’t there yet.” On...

Sam Zell, billionaire Chicago real estate investor, dies at 81

Published Sat, 22 Feb 2025 02:06:20 GMT

Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties has died due to complications from a recent illness. He was 81.Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. By the time he reached his 70s, he had amassed a fortune estimated at $3.8 billion.Zell sold Equity Office, the office-tower company he spent three decades building, to Blackstone Group for $39 billion in 2007.A month later, he made another deal that ultimately tarnished his image: the acquisition of the ailing Tribune Co. for $13 billion. The media giant filed for bankruptcy the following year.“Sam Zell was a self-made, visionary entrepreneur. He launched and grew hundreds of companies during his 60-plus-year career and created countless jobs. Although his investments spanned indus...

A Guide to NASCAR's Chicago Street Race

Published Sat, 22 Feb 2025 02:06:20 GMT

CHICAGO — Chicago Street Race is coming to the Windy City this summer, and it's all about a new chapter in motorsports in the area. The Chicago Street Race is NASCAR's latest foray into the market with a most unique twist - a street race in the city's iconic downtown area. It's an event that's brought a mix of excitement and curiosity along with a fair amount of opposition to how it will affect The Loop over the course of June and July.WGN News Now has created this guide to the first ever Chicago Street Race event in Chicago with a number of details on the event itself, closures, special performances, and drivers that will participate.Where is NASCAR racing in downtown Chicago?They will be on a 2.2-mile street course that will feature 12 turns with the start/finish line on Columbus Drive in front of Buckingham Fountain. Drivers will go counter-clockwise on the course with time spent on DuSable Lake Shore Drive, Balbo Drive, Michigan Avenue, East Congress Plaza, and Jackson Street. ...

More women attempt suicide. More men die by suicide.

Published Sat, 22 Feb 2025 02:06:20 GMT

(The Hill) -- America faces a large and growing public health problem: suicide by men. More than 38,000 men died by suicide in 2021, the highest number and rate of deaths in 20 years. Men die of suicide at four times the rate of women.  As a societal issue, male suicide has been somewhat overshadowed by the very real mental health crisis afflicting American women and girls.  Thirty-seven percent of women have been diagnosed with depression in their lifetimes, compared to 20 percent of men, and those rates are rising, according to Gallup survey data released Wednesday.  Paradoxically, women are more likely to attempt suicide, but men are more likely to die by suicide. The main reason is firearms. A person who attempts suicide with a gun is many times more likely to die than someone who uses another method, such as pills or self-inflicted cuts. Firearms figure in only 5 percent of suicide attempts but in over half of deaths.  America may le...

Man arrested on suspicion of arson for St. Paul mosque fire

Published Sat, 22 Feb 2025 02:06:20 GMT

Police have arrested a 42-year-old man on suspicion of arson at a St. Paul mosque Wednesday.Officers took the man into custody just before 8 p.m. Wednesday at East Seventh and Wall streets in St. Paul’s Lowertown area, according to a Thursday jail log. He is being held in the Ramsey County jail.No one was injured in the fire at Tawhid Islamic Center of Minnesota at Dale Street and University Avenue. Officers were called to the mosque, which was under construction as it was being remodeled, about 8:45 a.m. Wednesday.State and local leaders condemned the incident at a place of worship.The Council on American-Islamic Relations’ Minnesota chapter said it was the sixth attack on a mosque in the state this year. There were arsons at two mosques within two days last month in Minneapolis and a man was federally charged. Related ArticlesCrime & Public Safety | Witness to George Floyd’s murder sues Minneapolis for emotional distress, assault Crime & Public ...

‘Avoid prolonged time outdoors’: Air quality alert from wildfires expanded to all of Minnesota until Friday

Published Sat, 22 Feb 2025 02:06:20 GMT

The Minnesota Pollution Control Agency has now expanded an air-quality alert to encompass all of Minnesota until 6 a.m. Friday.A map showing an expanded air quality alert for Minnesota due to Canadian wildfire smoke. (Courtesy of the Minnesota Pollution Control Agency)Most of Minnesota, including the Twin Cities, is under a “red” air quality index category.“In the red area,” MPCA states, “everyone should avoid prolonged time outdoors.”In its updated alert on Thursday, the MPCA gave details of the smoky situation:“A band of very heavy ground-level smoke from wildfires in northern Alberta and Saskatchewan is currently moving along a cold front in northwestern Minnesota. The smoke will continue to move south and east and eventually impact the entire state of Minnesota. The smoke should clear rapidly overnight into Friday morning.”Initally, the agency had issued an alert for parts of northern and central Minnesota beginning at 10 p.m. Wedn...

Scavenger hunt in Glens Falls this weekend

Published Sat, 22 Feb 2025 02:06:20 GMT

GLENS FALLS, N.Y. (NEWS10) - A Glens Falls area community foundation celebrates 100 years of service to three counties this year. The city is celebrating by hosting a scavenger hunt downtown at City Park. Get the latest, news, weather, sports and community events delivered right to your inbox! A family scavenger hunt is coming to City Park in Glens Falls from 10 a.m. to 4 p.m. this Saturday, May 20, hosted by Tri-County United Way and Glens Falls National Bank. Registration is $50 for a team of 1-4 hunters; and comes with a t-shirt and a chance to win prizes.The scavenger hunt is designed for families to go at their own pace. The quest includes virtual trips and video challenges, lore about local companies, Glens Falls city landmarks, and facts about United Way. After the hunt reaches its end, a community celebration will run from 4:30 - 6:30 p.m., including children's entertainment, fair food, food trucks and live music. 42 Degrees closes Glens Falls, Malta locations Scavengers...

Capital Region districts revise school safety plans following swatting incidents

Published Sat, 22 Feb 2025 02:06:20 GMT

CAPITAL REGION, N.Y. (NEWS10) -- Since a state-wide swatting hoax locked down schools for hours March 30, many districts have gone back to the drawing board refining their safety techniques.East Greenbush Central School District Superintendent Jeff Simons says even though the active shooter calls weren’t real, it was a very real learning experience."The timing of it. The notification from law-enforcement that we needed to move into a lockdown occurred right at the same time that kids were being bussed onto our elementary school campuses," he explains to NEWS10's Mikhaela Singleton.He says the district has a strong notification system in and out of the schools, cameras on every corner to catch intruders, and a password-protected digital system that can lockdown all seven district schools in seconds. The safety plan for the coming school year is open for public comment over the summer break. It now also includes mixing up lockdown drills."It’s not always going to be at a convenie...

Rock band Daughtry set to perform in Rutland

Published Sat, 22 Feb 2025 02:06:20 GMT

RUTLAND, Vt. (NEWS10) -- The rock band Daughtry is coming to Rutland for its "Bare Bones" tour. The band is set to perform at the Paramount Theatre on August 28 at 7 p.m. Get the latest, news, weather, sports and community events delivered right to your inbox! Daughtry is fronted by Chris Daughtry, who placed fourth on the fifth season of American Idol. The band is best known for the songs "Over You," "It's Not Over," "Home," and "Waiting for Superman."Special guest Ayron Jones will be opening for the band. Tickets are currently on sale on the Paramount Theatre website.

Albany man arrested with loaded handgun on Quail Street

Published Sat, 22 Feb 2025 02:06:20 GMT

ALBANY, N.Y. (NEWS10) -- An Albany man has been charged after he was found to be illegally possessing a loaded handgun. The man, Tamir Tunnell, 23, was arrested by Albany Police Department on May 16. Get the latest, news, weather, sports and community events delivered right to your inbox! At 6:30 p.m. on May 16, police patrol officers stopped Tunnell in the area of Quail Street and First Street in regard to an ongoing investigation. During the stop, officers found Tunnell to be in possession of a loaded 9mm handgun that was concealed in his waistband. Tunnell was taken into custody after the firearm was recovered by police. He was charged with one count of second-degree criminal possession of a weapon. Hussain guilty of manslaughter in Schoharie limo crash trial Tunnell was arraigned in Albany City Criminal Court and remanded to the Albany County Jail.