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No federal bailout for Silicon Valley Bank, says Treasury Secretary

Published Sun, 29 Dec 2024 11:51:55 GMT

SANTA CLARA, Calif. (KRON) -- Silicon Valley Bank will not be protected by a federal bailout after its failure, the Secretary of the U.S. Department of Treasury Janet Yellen announced Sunday. Flooding causes lane closures on I-880 Yellen, in an interview with CBS’ “Face the Nation,” provided few details on the government’s next steps. But she emphasized that the situation was much different from the financial crisis almost 15 years ago, which led to bank bailouts to protect the industry.“We’re not going to do that again,” she said. “But we are concerned about depositors, and we’re focused on trying to meet their needs.” Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW With Wall Street rattled, Yellen tried to reassure Americans that th...

Flood advisory extended until 3:30 p.m. along the Peninsula

Published Sun, 29 Dec 2024 11:51:55 GMT

SAN FRANCISCO (KRON) -- A flood advisory issued for parts of the Bay Area has been extended until at least 3:30 p.m. on Sunday, according to the National Weather Service. No bailout for Silicon Valley Bank, Treasury Secretary says The advisory starts near South San Francisco and reaches down south of San Gregorio, so some areas of the Peninsula could be impacted. The NWS says minor flooding is expected, including flooding of highways, streets and underpasses. Early Saturday morning, residents in the community of Pajaro faced evacuations after the Pajaro Levee was breached around midnight. The breach in the levee is now more than 120 feet wide. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW A full closure of Highway 1 was initiated Sunday morni...

Pryor lifts Sacred Heart to NCAA Tournament with NEC title

Published Sun, 29 Dec 2024 11:51:55 GMT

HACKENSACK, N.J. (AP) — Ny’Ceara Pryor had 20 points, 11 rebounds and seven assists to help Sacred Heart beat FDU 72-60 on Sunday and win the NEC title, earning the school’s first trip to the NCAA Tournament since 2012.Trailing 56-55 with just over 3 minutes left in a back-and-forth fourth quarter, Sacred Heart scored the next 10 points, including four by Pryor to take control of the game. Her pullup jumper with the shot clock winding down made it a 63-56 with 1:14 left and the Knights couldn’t recover.Second-seed Sacred Heart (18-13) built an early lead before the top-seeded Knights rallied back to take a one-point advantage heading into the fourth quarter. The teams exchanged leads a few times before Olivia Tucker’s pullup jumper from 10 feet made it 57-56 Pioneers and started the game-ending run. On the ensuing inbounds play, Amelia Wood stole the ball and quickly scored to make it 59-56 with 3 minutes left.Pryor then scored four straight points to seal the win, much ...

Al menos 8 muertos tras naufragio de embarcación en el condado de San Diego, California

Published Sun, 29 Dec 2024 11:51:55 GMT

(CNN) — Al menos ocho personas han muerto después de que un bote volcara cerca de la costa de Black’s Beach en el condado de San Diego, California, informaron las autoridades, que respondieron a la escena el sábado alrededor de las 11:30 p.m. hora local después de que alguien en otro bote panga, un tipo de pequeño bote de pesca propulsado por un motor fuera de borda, llamó al 911 para reportar víctimas en el agua, según el Departamento de Bomberos y Rescate de San Diego.Los primeros rescatistas no pudieron acceder a la playa debido a la marea alta y tuvieron que vadear “aguas que les llegaban hasta la cintura”, dice el comunicado.Las autoridades dicen que varias personas fallecieron frente a la costa de San Diego, y los equipos buscaban víctimas adicionales.Los salvavidas inicialmente solo vieron siete cuerpos, pero luego encontraron otro con la ayuda de las Operaciones Aéreas y Marinas de Aduanas y Protección Fronteriza de EE.UU., dijo el departamento.Los cuerpos fueron...

Openda scores fastest French league hat trick in 50 years

Published Sun, 29 Dec 2024 11:51:55 GMT

PARIS (AP) — Lois Openda scored the fastest French league hat trick in 50 years to help Lens move into third place with a 4-0 win over Clermont on Sunday. Openda struck three times in 4 minutes, 30 seconds. According to stats provider Opta, that was four seconds quicker than Matt Moussilou’s treble in Lille’s 8-0 rout of Istres in April 2005. Lens trails second-place Marseille by a point and is three points clear of Monaco.Openda had not scored in his 11 previous games in all competitions, but he rediscovered his touch by slipping the ball through the legs of goalkeeper Mory Diaw in the 31st minute from a tight angle. Hungry for more, Openda closed down Clermont midfielder Maxime Gonalons, who lost possession to Adrien Thomasson in the 34th. A selfless Thomasson set up Openda, who doubled the lead with a low strike. The Belgian striker smelled blood again in the 35th, intercepting a poor back pass from Mateusz Wieteska to round Diaw and slot into an empty net for his 12t...

CN Rail, unions to return to bargaining in attempt to avoid strike action

Published Sun, 29 Dec 2024 11:51:55 GMT

Two unions currently in contract talks with CN Rail are heading back to the bargaining table in Montreal Monday in an attempt to avoid strike action.An assistant to the national officer tells CityNews the two sides will meet in an attempt to get a new deal together, preventing a possible walkout.Deals with Unifor Local 100 and Council 4000 — which represent 3,000 workers in mechanical, intermodal, and clerical positions across the country — expired at the end of 2022.This latest meeting comes after contract talks with the railway broke down last month. Unifor says it had five bargaining sessions with CN since Oct. 2022.On Dec. 9, 2022, the unions filed for conciliation to move the bargaining process along and claims CN countered with an offer “demanding significant concessions.”Related articles: CN Rail unions vote overwhelmingly in favour of strike actionCN Rail earns $1.4B in Q4, but warns of rockier times ahead in 2023Union members have voted 98 per cent and 97 per ce...

Alabama family lawsuit: Son suffered concussion in hazing

Published Sun, 29 Dec 2024 11:51:55 GMT

PELL CITY, Ala. (AP) — Parents are suing an east Alabama school district after they say their son received a concussion when older baseball teammates hazed him by beating him with pillows.Local news outlets report the lawsuit was filed Wednesday against the Pell City school district, the Pell City Police Department, Superintendent James Martin, the high school principal, baseball coach and others.The parents say their son attended a “midnight madness” event with baseball players in January. They say their son and others were beaten with pillows concealing unknown objects, injuring multiple boys.The lawsuit says the head coach, without calling parents to tell them about the injuries or ask for permission, gave the boy medicine and told him to go to sleep until the morning.The mother says she later received a video of of baseball players hitting someone with pillows. A doctor who treated the son diagnosed him with a concussion, the lawsuit states.The lawsuit states that Pell City High...

Sheriff: Man fatally shoots self after living with corpse

Published Sun, 29 Dec 2024 11:51:55 GMT

HOUSTON (AP) — Authorities on Sunday continued to investigate what led a man to fatally shoot himself just before deputies entered his home and found he had been living for months with a corpse.Neighbors contacted the Harris County Sheriff’s Office on Saturday evening about concerns they hadn’t seen one of the men who lived at the home for months, said Deputy Thomas Gilliland, an agency spokesman.At the home in west Houston, deputies “did notice that there were a lot of flies and a bad odor from one end of the house,” Gilliland said.After entering the home, the deputies heard a shot and found the body of a man with a self-inflicted gunshot wound, Gilliland said.“In another adjoining bedroom, they did find the body of a male also that had been severely decomposed,” Gilliland said, citing a timeframe of at least several months.He said an autopsy was planned on the decomposed body.Investigators believe the two men lived together but said they were trying to determine other ...

Poilievre calls for spending cap, tax cuts in coming federal budget

Published Sun, 29 Dec 2024 11:51:55 GMT

OTTAWA — Conservative Leader Pierre Poilievre says the coming federal budget should lower taxes, cap spending and make it easier to build new houses.Poilievre spelled out his party’s budget priorities today in advance of the Liberal government’s fiscal blueprint, to be presented to Parliament on March 28.The Tory leader accused Prime Minister Justin Trudeau of fuelling inflation and making it harder for Canadians to feed and house their families.Poilievre’s criticism comes as the Bank of Canada tries to tame high inflation — spurred in part by global trends — and the economy heads toward a slowdown and possible recession.Finance Minister Chrystia Freeland recently stressed that the government is embracing fiscal restraint to avoid pouring fuel on the flames of inflation.Poilievre says every dollar of new spending in the budget should be matched with one dollar of savings by cutting back.This report by The Canadian Press was first published March 12, 2023.The Canadi...

8 dead after 2 suspected smuggling boats overturn near San Diego

Published Sun, 29 Dec 2024 11:51:55 GMT

SAN DIEGO (KSWB) - Eight people are dead after two suspected migrant smuggling boats overturned off the coast of San Diego overnight, authorities said.Lifeguards responded to an area near Black's Beach after a Spanish-speaking woman on one of the panga-style boats called 911 around 11:30 p.m. Saturday, according to San Diego Fire-Rescue Department spokeswoman Mónica Muñoz. The woman reported two vessels, one carrying eight people and another carrying approximately 15, had overturned, San Diego Lifeguard Chief James Garland said during a Sunday morning news conference. ‘Teacher of the Year’ re-arrested When lifeguards and Customs and Border Protection officers arrived, they found a total of eight bodies and both capsized boats, SDFD said. Lifeguards also found several lifejackets and fuel barrels but thick fog hampered the search for additional victims. Others may also have left the beach before authorities arrived, Garland said.Authorities were still searching the area Sunday morn...