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Survey of economists: Inflation will stay high this year, and so will Fed’s key interest rate

Published Fri, 15 Nov 2024 02:21:46 GMT

WASHINGTON (AP) — The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released Monday.The National Association for Business Economics’ survey of 45 economists found that the median forecast is for inflation to average 4.2% this year, up from a 3.9% forecast in the group’s previous survey in February. That is far above the Fed’s inflation target of 2%. The findings reflect a survey of economists from businesses, trade associations and academia. The persistence of high inflation is likely the main reason the business economists expect the Fed to keep its key rate at its current level of roughly 5.1%, its highest point in 16 years. That is a quarter-point above the estimate from the NABE’s February survey and is a sign that the economists don’t expect the Fed to cut rates later this ye...

Heat crush Celtics 128-102, take 3-0 lead in Eastern finals

Published Fri, 15 Nov 2024 02:21:46 GMT

MIAMI (AP) — Erik Spoelstra had his team fully expecting that Game 3 of the Eastern Conference finals would be extremely difficult, that the Miami Heat were going to have to take the best shot that a desperate bunch of Boston Celtics could muster.He was wrong.It was a Heat romp — and a team that had to pull off a frantic rally just to make the playoffs is now one win from the NBA Finals.Gabe Vincent scored a career-high 29 points, Duncan Robinson added 22 and the eighth-seeded Heat rolled past the Celtics 128-102 on Sunday night. Miami leads the series 3-0, with a chance to finish off a stunning sweep on Tuesday night at home in Game 4.“That was a solid, mature, professional approach,” said Spoelstra, now on the brink of a sixth trip to the NBA Finals as Miami’s coach. “There’s a lot of pent-up stuff here and we’re getting closer, but we still have to finish this off.”Caleb Martin scored 18, Jimmy Butler finished with 16, Bam Adebayo had 13 and Max Strus added 10 f...

Duluth-Twin Cities rail link included in transportation bill headed for governor’s approval

Published Fri, 15 Nov 2024 02:21:46 GMT

Minnesota is closer than ever to funding a long-sought passenger rail line between Duluth and the Twin Cities.House and Senate lawmakers have agreed on a final version of a transportation budget bill that includes $194.7 million for Northern Lights Express rail.With just two full days left to conclude their business, they took up the bill in a joint committee and approved it late Saturday night. The House OK’d the bill by a party-line vote of 69-61 on Sunday afternoon and sent it to the Senate, which passed it 34-32 with no Republican support.The 266-page bill, which also contains new taxes and transportation spending, now goes to the desk of DFL Gov. Tim Walz to be signed into law.In a statement, Northern Lights Express Alliance Chair and Minneapolis City Council Member Andrew Johnson hailed lawmakers’ inclusion of funding.“We can’t thank legislative leaders enough,” he said. “Because of their efforts, we’ll have high-quality train service between the Twin C...

Foo Fighters announce new drummer during livestream event

Published Fri, 15 Nov 2024 02:21:46 GMT

During a livestreamed event on Sunday, the Foo Fighters named veteran musician Josh Freese as their new drummer, Variety reported.  The announcement comes as the band heads out this week on its first tour since drummer Taylor Hawkins suddenly passed away in Colombia in March of last year. During the livestream event, dubbed Foo Fighters: Preparing Music for Concerts, the band played several of their past hits, along with songs from their upcoming 10-track album “But Here We Are,” which is due to be released on June 2.  The new album will be “a brutally honest and emotionally raw response to everything Foo Fighters endured over the last year,” the band said in a statement last month.  The lead, driving single is “Rescued,” with the lyrics “I’m just waiting to be rescued/Bring me back to life/Kings and queens and in-betweens/We all deserve the right.” Freese is no stranger music fans and was even a part of the London and Los Angeles Hawkins tribute concerts th...

Cupertino: Fire crews pull submerged vehicle from Stevens Creek reservoir

Published Fri, 15 Nov 2024 02:21:46 GMT

CUPERTINO — First responder crews were at Stevens Creek County Park on Sunday evening working to recover a vehicle found in a reservoir, authorities said.According to a post from a social-media account associated with the Santa Clara County Fire Department, crews received word of the vehicle shortly before 6:50 p.m. The park is located at 11401 Stevens Canyon Road.With help from the Santa Clara County Sheriff’s Office and the San Jose Fire Department, firefighters worked to recover the vehicle from a location south of the reservoir’s lakeshore picnic area with a tow truck.There were no initial reports of any injuries.Check back for updates.We are currently responding to reports received at approximately 6:49pm of a submerged vehicle in the Stevens Creek Reservoir. Crews are investigating with assistance from @SCCoSheriff and @SJFD. Unknown injuries at this time. Updates will be posted here when available. pic.twitter.com/9MpWyumicC— Santa Clara Co Fire (@sccf...

Car submerged in Santa Clara County reservoir

Published Fri, 15 Nov 2024 02:21:46 GMT

(KRON) -- Firefighters responded to a report of a submerged car in the Stevens Creek Reservor Sunday evening, Santa Clara County Fire announced on Twitter. Crews received reports regarding the incident around 6:49 p.m. As of 9:30 p.m., it is unknown if there were any injuries. A tow truck is working to get the car out of the water, and crews have yet to find any patients. Authorities: Sonoma County Sheriff’s wife arrested on DUI suspicion after Tesla crashes into Santa Rosa home The car submerged in water appears to be a four-door Nissan sedan (pictured above). Stevens Creek Reservoir is located right outside of Cupertino. The Santa Clara County Sheriff and San Jose Fire Department assisted in the response. No other information was immediately available.

Dr. Sanjay Gupta: Cómo ser padres en la era de las pantallas omnipresentes y las redes sociales

Published Fri, 15 Nov 2024 02:21:46 GMT

(CNN) — Cada vez son más los estados que aprietan las tuercas a las grandes tecnológicas, internet y las redes sociales. El miércoles, Montana se convirtió en el primer estado en prohibir por completo TikTok, aunque muchos se muestran escépticos sobre la aplicabilidad de la nueva y controvertida legislación.Otras medidas incluyen leyes que pretenden endurecer la regulación de las plataformas de redes sociales en general, como las promulgadas recientemente por Arkansas y Utah.Hay tres objetivos que merecen la pena y que parecen ser, al menos en parte, la motivación de este tipo de acciones legales: impedir que las empresas recopilen datos sobre nosotros y nuestros hijos, proteger a los niños en internet y equilibrar los derechos con las responsabilidades al publicar contenidos en plataformas en línea. Por ejemplo, si una plataforma aloja contenidos que provocan daños a alguien, ¿puede también ser considerada responsable? Hasta ahora, la respuesta ha sido negativa, según una rec...

With Celtics in a 3-0 hole, Joe Mazzulla’s season is now at its low point

Published Fri, 15 Nov 2024 02:21:46 GMT

MIAMI (AP) — Joe Mazzulla’s roller-coaster season is at its lowest. And with the Boston Celtics now on the brink of elimination, the first-year coach is blaming himself.The Celtics are in the sort of trouble that no team in NBA history has escaped, trailing Miami 3-0 in the Eastern Conference finals after a 128-102 Heat romp on Sunday night that might not have been even as close as the score would make it appear.“I think the most important thing is just sticking together, and then I have to be better,” said Mazzulla, the NBA’s youngest coach at 34. “I’ve got to put them in better positions. I’ve got to get them ready to play. I have to have the game plan ready for us to be physical and to execute, and it’s important that we stick together.”It has been a disaster of a series for the Celtics. They’re letting the Heat shoot 52% from the field, 48% from 3-point range — compared to a 29% effort from deep by the Celtics — and the dam might have broken in Game 3. After Games 1 and 2 ...

POLITICO Pro Morning Health Care: Your World Health Assembly guide — Returning to Ukraine for an abortion — Needle-free future?

Published Fri, 15 Nov 2024 02:21:46 GMT

Presented by PPTABy ASHLEIGH FURLONGwith CARLO MARTUSCELLI, HELEN COLLIS, SUSANNAH SAVAGE and JOANNA ROBERTSPRESENTED BY View in your browser or listen to audioSNEAK PEEK— The who’s who in global health will be in Geneva for the World Health Assembly and we take you through what you need to know. — Ukrainian women living in Poland are having to weigh up the risk of going back to a warzone to get an abortion, according to a report from several NGOs. — Could vaccines be delivered via a patch in the future? Gavi wants more investment to go towards the question. Welcome to Monday’s Morning Health Care! Trials for a bionic technology have resulted in amputees experiencing hot or cold sensations in their phantom hand and fingers, Reuters reports. Francesca Rossi, who took part in the study, said she could previously feel tingling in her missing hand but “feeling the temperature variation is a different thing, something important … something beautiful.”Get in to...

Fire destroys main post office in Philippine capital, a nearly 100-year-old neoclassical landmark

Published Fri, 15 Nov 2024 02:21:46 GMT

MANILA, Philippines (AP) — A massive fire tore through Manila’s historic post office building overnight, slightly injuring one person and razing the nearly 100-year-old landmark in the Philippine capital, police and postal officials said Monday.The fire started before midnight in the basement of the neoclassical, five-story building and was brought under control Monday morning more than seven hours after it began, firefighters said.An investigation was underway to determine the cause of the fire and what was damaged, officials said.The Manila Central Post Office was one of the capital’s busiest office buildings but was closed when the fire started. The building was the country’s main mail-sorting and distribution hub and was the central office for the Philippine Postal Corporation. Postal service in the Philippines began during the Spanish colonial period with horse-riding mail couriers. The building, now recognized as a national landmark, was built in 1926 with high columns in the ...