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Yellen to tell Congress US banking system ‘remains sound’

Published Wed, 25 Dec 2024 20:06:14 GMT

WASHINGTON (AP) — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits.Yellen will be the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks, a move that some observers have criticized as a bank “bailout.” “The government took decisive and forceful actions to strengthen public confidence” in the U.S. banking system, Yellen says in prepared testimony released before her appearance. “I can reassure the members of the Committee that our banking system remains sound, and that Americans can feel confident that their deposits will be there when they need them.”In less than a week, Silicon Valley Bank, based in Santa Clara, California, failed after depositors rushed to withdraw money amid anxiety over the ban...

Many killed in mysterious helicopter crash in Iraq’s north

Published Wed, 25 Dec 2024 20:06:14 GMT

DOHUK, Iraq (AP) — Several people, including militants belonging to an outlawed Kurdish insurgency group, were killed in a mysterious helicopter crash in northern Iraq, according to a statement from the Iraqi Kurdish-run counterterrorism service on Thursday. The AS350 Eurocopter crashed in the district of Chamanke in Dohuk province in Iraq’s semi-autonomous Kurdish region the previous night, the counterterrorism service said in a statement posted on social media. All of its passengers were killed, the statement said.An investigator at the scene of the crash said at least seven were on board. The person spoke on condition of anonymity because they were not authorized to brief the media while the investigation is ongoing. The helicopter was carrying militants belonging to the outlawed Kurdistan Worker’s Party, or PKK, the statement said. The incident is shrouded in mystery because no party has of yet claimed ownership of the military helicopter. The Iraqi government, the U...

Provincial byelection held today in Hamilton Centre; NDP expected to win

Published Wed, 25 Dec 2024 20:06:14 GMT

Residents in Hamilton Centre head to the polls Thursday to vote for a new provincial representative to replace Andrea Horwath.The former Ontario NDP leader held Hamilton Centre, as well as a predecessor riding, since 2004 and consistently won with wide margins.But Horwath stepped down as leader and resigned her seat after the party failed to win last year’s election.The NDP candidate in today’s byelection is widely expected to win, despite being put on the defensive over some of her activism.Sarah Jama is the executive director and co-founder of the Disability Justice Network of Ontario and co-founded the Hamilton Encampment Support Network, among other community involvement, but Jewish organization B’nai Brith has criticized her as a “radical anti-Israel advocate.”Jama has said the criticism has centred around what she describes as standing up for Palestinian human rights, which shouldn’t be conflated with anti-Semitism.Liberal candidate Deirdre ...

Weekend need to know: St. Patrick’s Day, Toronto Comicon; TTC/road closures

Published Wed, 25 Dec 2024 20:06:14 GMT

The annual St. Patrick’s Parade in Toronto is taking over Bloor West this weekend, alongside the return of Toronto Comicon at the Metro Toronto Convention Centre.Other events include Nowruz celebrations and a festival celebrating Arabic culture.A closure on a portion of the TTC’s Line 1 is scheduled this Saturday. Ongoing road closures also continue within the GTA. Scroll below for more details.Here’s what to do this weekend:Top eventsSt. Patrick’s Day weekendSeveral different venues will be hosting St. Patrick’s Day celebrations on Friday and throughout the weekend.Here are a few to check out:St. Paddy’s Haaay Dance PartyThe St. Patrick’s Parade Society is celebrating St. Paddy’s Day with a queer dance party at Rivoli on Queen West on Friday at 10 p.m.There will be live entertainment from DJ Sumation and DJ Martina Bosede.Tickets are $15 advance and $20 at the door.Guests are encouraged to show up to the party in their best green outfits.Lucky at RebelRebel ...

Man given life in prison for 2019 killing of Gdansk mayor

Published Wed, 25 Dec 2024 20:06:14 GMT

WARSAW, Poland (AP) — The man who fatally stabbed Gdansk Mayor Paweł Adamowicz in 2019 was sentenced to life in prison by a Polish court on Thursday.Stefan Wilmont stabbed the 53-year-old Adamowicz on stage during a life charity event on Jan. 13, 2019. Adamowicz died from his wounds the next day despite a blood transfusion and other efforts by doctors to save him. The killing shocked Poles and plunged the nation into grief.Judge Aleksandra Kaczmarek said in her ruling that Wilmont had committed an “unprecedented murder” in Poland’s history.The sentencing came after a three-year long investigation and a year-long trial. Wilmont’s lawyers said they would appeal the sentence.The conservative ruling Law and Justice party has faced accusations that a hostile atmosphere created against Adamowicz and other socially liberal politicians spread by state media created fertile ground for the violence against him.The Associated Press

Women’s World Cup prize money increases 300% to $150M

Published Wed, 25 Dec 2024 20:06:14 GMT

KIGALI, Rwanda (AP) — The Women’s World Cup is getting 300% increase in prize money for this year’s tournament.The $150 million fund for the first 32-team tournament is a huge boost from the 24-team edition in 2019, and 10 times what it was in 2015.Some of that prize money must be dedicated to paying players, FIFA president Gianni Infantino said Thursday after being re-elected by acclimation through 2027.Infantino also again expressed his anger with broadcasters for offering too little for TV rights. He said FIFA will not sell broadcast rights for the tournament in Australia and New Zealand at the prices currently being offered.“Women deserve much, much more than that and we are there to fight for them and with them,” he said.Female players worldwide have been fighting for equal pay and equal respect with men’s national teams, including the defending champion United States, Canada, France and Spain.Infantino set a target of equal prize money for men and women at their next World Cup...

Indonesia acquits 2 police, jails 1 for deadly soccer crush

Published Wed, 25 Dec 2024 20:06:14 GMT

SURABAYA, Indonesia (AP) — An Indonesian court on Thursday acquitted two police officials charged with negligence leading to the deaths of 135 people in October when police fired tear gas inside a stadium, setting off a panicked run for the exits. A third official was sentenced to 18 months in prison.The disaster in Kanjuruhan stadium in East Java’s Malang city was among the world’s worst sporting tragedies. Some 43 children were among the deaths and about 580 spectators were injured.A panel of three judges at Surabaya District Court, which was under heavy police guard, absolved police officers Pranoto and Achmadi of charges because they found no direct causal link between the defendants’ actions and the deadly crowd crush. The two were released Thursday.Presiding judge Abu Achmad Sidqi Amsya said the court found that defendant Wahyu Setyo Pranoto, the Malang police head of operations, never ordered the use of tear gas at the match and knew that international soccer governing ...

Rideshare driver shot in Chicago's Humboldt Park

Published Wed, 25 Dec 2024 20:06:14 GMT

CHICAGO — A rideshare driver was shot while picking up passengers in the city's Humboldt Park neighborhood.Police said the shooting happened just after 10 p.m. Wednesday in the 1000 block of North Avers. A 32-year-old man working for a rideshare company was picking up passengers when he heard gunshots and felt pain.The man did not see anyone shooting and was shot in the left elbow, according to police. He was transported to Mount Sinai Hospital in good condition. Police: Man dies after shooting in Walmart parking lot on Chicago’s South Side No one is in custody. Area Four Detectives are investigating.

Ravinia Festival announces 2023 summer lineup

Published Wed, 25 Dec 2024 20:06:14 GMT

HIGHLAND PARK, Ill. — The Ravinia Festival’s 2023 summer lineup was announced Thursday morning.The lineup includes over 50 artists and over 100 concerts including the annual summer residency of the Chicago Symphony Orchestra with Chief Conductor Marin Alsop.Charlie Puth, Ne-Yo, Natalia Lafourcade, Boyz II Men, Maria Schneider Orchestra are among the many artists making their debut at this year's festival.Some returning favorites include Santana, Carrie Underwood, Chicago, Train, Jason Mraz, John Legend, Buddy Guy, Kenny Loggins — and more. See Lyric Opera’s shows for the 2023-2024 season To view the full schedule, visit Ravinia’s website. Tickets go on sale to the public May 1.

March Madness preview: No. 2 Texas faces nation's best 3-point shooting team in No. 15 Colgate

Published Wed, 25 Dec 2024 20:06:14 GMT

DES MOINES, Iowa (KXAN) — If the second-seeded Texas Longhorns need to do one thing against the 15th-seeded Colgate Raiders in the first round of the NCAA men's basketball tournament Thursday, it's to guard the 3-point line.The Patriot League champs from Hamilton, New York let it fly from long range, and they're the most accurate 3-point shooting team in Division I. The Raiders are 41% from downtown, hitting 283 of 694 shots in 34 games this season, and taking things a step further, they are an offensive juggernaut. The Raiders rank second in Division I in field goal percentage (51.4%) and effective field goal percentage (58.5%), and they share the ball extremely well. They rank third in assists per game with 18.6. 2023 March Madness first-round schedule, how to watch, what channels games are on Longhorns interim head coach Rodney Terry won't be fooled by the Raiders being a No. 15 seed. "Obviously, they're a conference champion, so they're a really good team," Terry said right af...