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‘There’s going to be more’: How Washington is bracing for bank fallout

Published Fri, 27 Dec 2024 06:59:28 GMT

The sudden collapse of Silicon Valley Bank has sent shockwaves across Washington, sparking fears that its failure could threaten the financial system and rattle the economy.Lawmakers are scrambling to get information from banking regulators and industry leaders on whether the demise of SVB — which had counted some of the world’s top investment firms among its customers — could pose a risk to other banks. SVB is the largest lender to fail since Washington Mutual went down during the 2008 global financial crisis, and its collapse is sowing concern that thousands of businesses may be unable to make payroll on Monday.Battle lines are already being drawn over what caused SVB’s stunning demise. Progressives and some investors are blaming the Federal Reserve for its rapid interest rate hikes, which have burdened many lenders. Democrats say Republican-led deregulation of banks removed critical safeguards. Others say regulators failed to spot red flags in the bank’s investment portfolio and ...

Quiet Sunday, nor’easter coming

Published Fri, 27 Dec 2024 06:59:28 GMT

7Weather – 7Weather- Good morning! Today and most of tomorrow are quiet, before  a nor’easter disrupts travel late Monday through Wednesday morning. Before we get into the timing and impacts of that storm, here’s what the QUIET next 24 hours or so will be like. Today it’s all about location. We start off in the 30s. Inland spots rebound to the mid/upper 40s with partly sunny skies and light wind. Plymouth County, Cape and the Islands stays cooler with a lot of low clouds and more of a NE breeze. Later today, more mid and high level clouds build in, and we’re socked into the clouds for the next few days. Monday starts off chilly in the 30s. Temperatures rebound to the mid 40s. A southeast breeze picks up tomorrow afternoon. Your evening commute will mostly be ok, just wet.Your travel will be impacted all day Tuesday and for the Wednesday morning commute.  The big impacts with this storm: heavy wet snow, strong wind and minor coastal flooding. A Winter Storm Watch is in pl...

Police investigating rollover crash in Malden

Published Fri, 27 Dec 2024 06:59:28 GMT

Police were called to the scene of a rollover crash in Malden early Sunday morning. Officers could be seen redirecting traffic around a damaged SUV that was on its side on Main Street.No additional information was immediately available. This is a developing news story; stay with 7NEWS on-air and online for the latest details.

For Chicago-area natives Mike Tauchman and Ryan Borucki, Chicago Cubs camp represents opportunity — and Bears trade talk

Published Fri, 27 Dec 2024 06:59:28 GMT

Mike Tauchman’s big-league career has taken him coast to coast.Five major-league seasons with three teams has brought him to 24 major-league ballparks. One in particular, though, has eluded him. Tauchman is trying to rectify the Wrigley Field omission in the next month. For the Palatine native who grew up a Cubs fan, Tauchman’s opportunity to make the opening-day roster grew exponentially when the team lost right fielder Seiya Suzuki for the start of the season because of an oblique injury.Tauchman, 32, homered in Saturday’s 5-2 win against the Los Angeles Dodgers, improving to 7-for-21 (.333) this spring with three extra-base hits, two RBIs, six runs scored and three stolen bases in 10 games.Tauchman spent 2022 in the Korean Baseball Organization where he posted a .289/.366/.430 line and hit 37 doubles and 12 home runs in 144 games. At times Tauchman had to rely on himself because of the language barrier, though his team, the Hanwha Eagles, had a couple coaches wh...

More coverage disruptions at BBC as Lineker crisis deepens

Published Fri, 27 Dec 2024 06:59:28 GMT

LONDON (AP) — The BBC’s sports coverage faced a second day of severe disruptions Sunday as dozens of staff refused to work in solidarity with top soccer host Gary Lineker, who was suspended by the broadcaster after he tweeted criticism of the British government’s asylum policy.Pressure was mounting on the BBC to resolve the crisis, with growing calls for its bosses to step down over allegations of political bias and suppressing free speech. The BBC suspended Lineker, one of English soccer’s most lauded players and the corporation’s highest-paid presenter, on Friday after he tweeted a criticism of the U.K. government’s new migration policy and compared the its language about migrants to that used in Nazi Germany.That triggered a huge backlash, and many of the BBC’s sports presenters and reporters walked out of their jobs Saturday in support of Lineker.As a result, several daytime soccer shows were pulled at the last minute and “Match of the Day,” a popul...

Prostate cancer treatment can wait for most men, study finds

Published Fri, 27 Dec 2024 06:59:28 GMT

Researchers have found long-term evidence that actively monitoring localized prostate cancer is a safe alternative to immediate surgery or radiation.The results, released Saturday, are encouraging for men who want to avoid treatment-related sexual and incontinence problems, said Dr. Stacy Loeb, a prostate cancer specialist at NYU Langone Health who was not involved in the research.The study directly compared the three approaches – surgery to remove tumours, radiation treatment and monitoring. Most prostate cancer grows slowly, so it takes many years to look at the disease’s outcomes.“There was no difference in prostate cancer mortality at 15 years between the groups,” Loeb said. And prostate cancer survival for all three groups was high – 97 per cent regardless of treatment approach. “That’s also very good news.”The results were published Saturday in the New England Journal of Medicine and presented at a European Association of Urology...

Youngkin scores some legislative wins as he eyes White House

Published Fri, 27 Dec 2024 06:59:28 GMT

RICHMOND, Va. (AP) — Virginia Gov. Glenn Youngkin, who quickly shot from political newcomer to potential 2024 Republican presidential candidate, kicked off his state’s legislative session in January by telling lawmakers that he wanted “to get more done and to get it done faster.”As the dust settles on his second session working with Virginia’s politically divided General Assembly, the former private equity executive has earned a series of wins, including measures taking a tougher stance against China, that his allies say could help him in a possible White House race.But many of his legislative priorities, such as a push for more tax cuts, are tied up in budget negotiations. Others, including proposals to restrict abortion access or tighten penalties for criminals, were stymied by Democrats controlling the state Senate.Youngkin is among the Republican governors eyeing the White House who have hoped to gain political momentum after presiding over productive legislative sessions ...

2 19-year-olds, teen, shot in shootings on West Side

Published Fri, 27 Dec 2024 06:59:28 GMT

CHICAGO — Two 19-year-olds and a teen were injured in shootings that took place on the city's West Side Saturday. According to police, a 19-year-old man was standing outside near the 4900 block of West Van Buren Street when an offender fired shots at him. He suffered gunshot wound to the left ankle and was transported to Mount Sinai Hospital where he is listed in good condition.Police reported that a 17-year-old boy was shot in the wrist in the city's South Lawndale neighborhood near the 2800 block of South Pulaski Road Saturday evening. Police say the boy heard a loud noise and felt pain. He was transported to Mount Sinai with a gunshot wound to the wrist. He is listed in good condition as well. Off-duty cop found dead in North Side home, ID’d Police responded to a report of a 19-year-old shot in the city's West lawn neighborhood Saturday evening. Police found the man near the 6000 block of South Pulaski Road with a gunshot wound to the foot. Police say he was unable to provide ...

PHOTOS: Celebrities visit Austin for festival

Published Fri, 27 Dec 2024 06:59:28 GMT

AUSTIN (KXAN) — South by Southwest is off to an exciting start. The big event brings together the worlds of tech, politics, fashion, music, comedy and film, to name a few. It's always guaranteed to bring big names. Artists making an appearance to promote their work or give their insight include Nick Jonas, Ali Wong, Kerry Washington, PinkPantheress and much more.Here’s a round-up of stars spotted in the capital city during SXSW 2023!Robert Downey Jr. takes part in the Featured Session: Online Crime: An American Crisis at the Austin Convention Center during the South by Southwest Film and Interactive Festivals on Saturday, March 11, 2023, in Austin, Texas. (Photo by Jack Plunkett/Invision/AP)Regé-Jean Page at the 2023 South by Southwest Film & TV Festival in Austin, Texas. (KXAN/Ricky Garcia) AUSTIN, TEXAS - MARCH 10: Sara Bareilles celebrates new Audible Original Series “Breakthrough” at the Audible Sound Studio at SXSW on March 10, 2023 in Austin, Texas. (Photo by Daniel Boczar...

Families behind Texas missing persons law push for more police participation

Published Fri, 27 Dec 2024 06:59:28 GMT

Investigative Summary: A KXAN investigation in February found Texas police might not always be complying in reporting missing persons cases to a national, public database. Additional data obtained found discrepancies in reporting since the law took effect. Now the lawmaker behind the legislation is reviewing the effectiveness as families who pushed for it try to raise awareness. READ: Texas passed missing persons reporting law, but does it work? EXPLORE: KXAN's complete missing persons coverage LISTEN: 'My Dad didn't die in vain' ul.kxan_summary_bullets li { list-style-position: outside; list-style-type: disc; } John Joseph Almendarez from Houston went missing in 2002. (Courtesy Alice Almendarez) AUSTIN (KXAN) — In the almost two years since "John and Joseph's Law" has been in effect, Alice Almendarez has heard more pleas for help from families with missing loved ones. John Joseph Almendarez from Houston went missing in 2002. (Courtesy A...