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Bank failures: Anger in Congress, but division on what to do

Published Fri, 27 Dec 2024 09:27:32 GMT

WASHINGTON (AP) — Bills were filed, hearings were planned and blame was cast as Congress reacted this past week to the abrupt failure of two banks. A look at what lawmakers are saying and planning as the fallout continues from the collapse of Silicon Valley Bank and Signature Bank.QUICK LEGISLATIVE FIXES UNLIKELYWhile President Joe Biden called Monday on Congress to strengthen the rules for banks to prevent future failures, lawmakers are divided on whether any legislation is needed.Some congressional leaders are skeptical that a closely divided Congress will act at all. “There’s people who are going to choose bills, but I cannot imagine that, with the hold banks have on Republican members of Congress, that we can pass anything significant,” said Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking, Housing and Urban Affairs Committee.Republicans say the laws already in place were sufficient to prevent the bank failures, if only regulators had done their job by spotting obvious...

Journalists held over South Sudan president video are freed

Published Fri, 27 Dec 2024 09:27:32 GMT

JUBA, South Sudan (AP) — South Sudan’s National Security Service has released the remaining journalists who had been detained for weeks over a video apparently showing the country’s president urinating on himself during an event.At least seven journalists with the state broadcaster were detained in January following the circulation of the video of President Salva Kiir during the inauguration of a road project.In a statement on Friday, the Union of Journalists of South Sudan said the two remaining journalists had been freed. None of the journalists were charged.The union “will continue to engage with all stakeholders in the country to ensure journalists work in a free and safe environment,” the journalists’ organization said.The South Sudan Broadcasting Corporation footage aired in December and was widely shared online. It showed the 71-year-old Kiir standing during the national anthem and then looking down at what appeared to be a spreading stain, before the camera turne...

Below zero wind chills Saturday, potential rain/snow showers

Published Fri, 27 Dec 2024 09:27:32 GMT

Saturday morning's weather forecast shows below zero wind chills for most of the Chicagoland area. Temps will barely go into the mid-20s. Potential rain/snow showers combined with gusty winds. Interactive Radar: Track showers and storm here SATURDAY NIGHT: Clouds break, snow showers end. Cold and continued blustery. Low 20—with low to mid teens colder inland locations.Temperatures stay chill overnight going into Sunday dropping close to 20 degrees. Expect more sunshine Sunday with temps jumping back into the 40s. Weekend temps will make this the 2nd coldest weekend of 2023 and the coldest weekend here in 8 weeks. The high temp Saturday is to come in nearly 20-deg below normal. Effectively, we have early January-level temps predicted Saturday—evening though we're past mid-March. That's not every year occurrence.Full forecast details at the WGN Weather Center

Man fatally shot in Garfield Park, collapsed in field: CPD

Published Fri, 27 Dec 2024 09:27:32 GMT

CHICAGO — A 40-year-old man was shot dead in Garfield Park late Friday night.According to police, the man was standing outside near the 200 block of North Saint Louis Avenue around 10:35 p.m. when an offender in a black SUV began to fire shots at him. Chicago police officer injured near Museum Campus Police say the man began to flee on foot and collapsed in an open field in the 3500 block of West Walnut Street. He was pronounced dead on the scene with multiple gunshot wounds to the body. There is currently no one in custody and police are investigating the incident.

Officials responding to fatal shooting in north Austin

Published Fri, 27 Dec 2024 09:27:32 GMT

AUSTIN (KXAN) — One person died in north Austin after a shooting early Saturday, according to Austin-Travis County EMS. Austin Police said this incident has been reported as a suspicious death.APD said officers responded to a call at 7:03 a.m. for reports of a shooting or stabbing in north Austin.When police and Austin-Travis County EMS officials arrived in the 300 block of Deen Street, one person was found with gunshot wounds. Officials said the individual was confirmed dead at the scene.This is a developing story. Check back with KXAN for updates.

A little rain, a little snow, and lots of chilly air

Published Fri, 27 Dec 2024 09:27:32 GMT

AUSTIN (KXAN) -- Areas of light rain fell over the Hill Country to our southern counties. Rain intensity increased over some of Caldwell and Fayette Counties at 6 a.m. There was some snow over some of Gillespie County with little accumulation outside of the grass/higher elevations. A disturbance over the area is facilitating this precipitation. It will exit out of the eastern counties during the late-morning/early-afternoon.Little accumulation of snow expected this morningThis final weekend of winter will certainly fell like the season. Temperatures will be well below the normal of 74° both today and Sunday as highs won't get out of the 50s.Much colder than normal today and Sunday NEW BLOG: April showers: Here's the outlook for Central Texas Mornings will be colder tomorrow and Monday as minimums fall to mostly the middle to upper 30s.Spring returns on Monday afternoon at 4:24. Highs will peak from the middle 50s to around 60°. There is no rain in the forecast.Warmer weather retu...

APD: 2 people seriously injured in stabbing near Rainey Street

Published Fri, 27 Dec 2024 09:27:32 GMT

AUSTIN (KXAN) — Austin Police said two people were injured in a stabbing incident near Rainey Street late Friday night. APD said it responded to a "shoot/stab hotshot" call around 10:30 p.m. Friday near Rainey Street and Driskill Street. Austin-Travis County EMS said two adults were taken to a trauma center with serious injuries.Police said it appeared to be an isolated incident, and officers were still looking for a suspect as of midnight. This is a developing story; stick with KXAN for updates.

Sainted & Tainted: You Minnesotans drive as if there is no speed limit in Wisconsin

Published Fri, 27 Dec 2024 09:27:32 GMT

TaintedThis is a shout out to all people from Minnesota who travel to Wisconsin via Highway 63 heading to Spooner, Hayward or Cable. I travel this road almost every weekend going to Cable.You people drive as if there is no speed limit in Wisconsin.You pass on yellow, and double-yellow, lines.You are very dangerous drivers.Please stay in your own state if you can’t obey our traffic laws. I would much rather you kill people in your own state than in mine.Many complaints about the careless driving have been reported to St. Croix, Polk, Sawyer and Bayfield county sheriffs’ offices, as well as the Wisconsin State Patrol.The next time I go by a vehicle that has been pulled over from Minnesota I hope it is you.Stay home or drive sensibly.Joel Pederson, New Richmond TaintedA big Tainted to Delta Airlines for changing our seats on our last two flights — without warning or notice to us.My husband and I bought our seats four months in advance for seating closer to the fr...

Trump says he'll be arrested Tuesday as DA eyes charges

Published Fri, 27 Dec 2024 09:27:32 GMT

NEW YORK (AP) — Donald Trump said in a social media post that he will be arrested Tuesday as a New York prosecutor is eyeing charges in a case examining hush money paid to women who alleged sexual encounters with the former president.Trump said in a post on his Truth Social network early Saturday that “illegal leaks” from the Manhattan district attorney's office indicate that “THE FAR & AWAY LEADING REPUBLICAN CANDIDATE & FORMER PRESIDENT OF THE UNITED STATES OF AMERICA, WILL BE ARRESTED ON TUESDAY OF NEXT WEEK.”Trump urged his followers to protest.Law enforcement officials in New York have been making security preparations for the possibility that Trump could be indicted. There has been no public announcement of any time frame for the grand jury’s secret work in the case, including any potential vote on whether to indict the ex-president.

New room-temperature superconductor offers tantalizing possibilities

Published Fri, 27 Dec 2024 09:27:32 GMT

Scientists announced this month a tantalizing advance toward the dream of a material that could effortlessly convey electricity in everyday conditions. Such a breakthrough could transform almost any technology that uses electric energy, opening new possibilities for your phone, magnetically levitating trains and future fusion power plants.Usually, the flow of electricity encounters resistance as it moves through wires, almost like a form of friction, and some energy is lost as heat. A century ago, physicists discovered materials, now called superconductors, where the electrical resistance seemingly magically disappeared. But these materials only lost their resistance at unearthly, ultracold temperatures, which limited practical applications. For decades, scientists have sought superconductors that work at room temperatures.This week’s announcement is the latest attempt in that effort, but it comes from a team that faces wide skepticism because a 2020 paper that described a promising...