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FDIC recommends overhauling insurance deposit system

Published Wed, 26 Feb 2025 05:29:53 GMT

By Sharon L. Lynch | Associated PressNEW YORK — The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring up to $250,000 in bank deposits and replace it with an overhaul that would allow regulators to cover higher amounts on a “targeted” basis.The proposed change appears to openly acknowledge that the FDIC is looking for ways to calm both depositors and markets as the organization contends with the third U.S. bank failure this year. First Republic Bank became the second largest failure in history Monday when regulators seized it and JP Morgan Chase stepped up as a buyer.“The recent failures of Silicon Valley Bank and Signature Bank, and the decision to approve Systemic Risk Exceptions to protect the uninsured depositors at those institutions, raised fundamental questions about the role of deposit insurance in the United States banking system,” FDIC Chairman Martin J. Gruenberg said in a statement Monday accompanyi...

Single-family house sells for $1.7 million in Fremont

Published Wed, 26 Feb 2025 05:29:53 GMT

690 Gable Drive – Google Street ViewA 1,485-square-foot house built in 1970 has changed hands. The property located in the 600 block of Gable Drive in Fremont was sold on March 23, 2023. The $1,745,000 purchase price works out to $1,175 per square foot. The property features three bedrooms, three bathrooms, a garage, and two parking spaces. The unit sits on an 8,030-square-foot lot.Additional houses have recently changed hands nearby:On Hoyt Street, Fremont, in September 2022, a 1,544-square-foot home was sold for $1,800,000, a price per square foot of $1,166. The home has 4 bedrooms and 2 bathrooms.In September 2022, a 2,259-square-foot home on Wabana Street in Fremont sold for $2,070,000, a price per square foot of $916. The home has 4 bedrooms and 3 bathrooms.A 1,483-square-foot home on the 47600 block of Gridley Court in Fremont sold in July 2022, for $2,100,000, a price per square foot of $1,416. The home has 3 bedrooms and 1 bathrooms. 

Police seek info on January murder case

Published Wed, 26 Feb 2025 05:29:53 GMT

(KRON) -- The Vallejo Police Department and the Richmond Police Department are looking for information about a homicide that took place in January. Officials said the victim, Richmond resident Dayna Jones, was murdered in the city of Vallejo.Police are asking if anyone has information or had seen Jones between Jan. 3 and Jan. 18.Jones's body was found on Jan. 18 near the banks of the Napa River in the 200 block of Wilson Avenue in River Park.No arrests have been made so far and the motive and circumstances of the murder remain unclear.Anyone with information regarding this incident is asked to contact Detective Stephanie McDonough at 707-648-5425 or Detective Corporal Ken Jackson at 707-648-4280.

Santa Clara County deploying drones to mosquito-infested waters

Published Wed, 26 Feb 2025 05:29:53 GMT

SAN JOSE, Calif. (KRON) -- After an exceptionally rainy winter, Santa Clara County has a surplus of stagnant water, creating ample breeding sources for mosquitoes.The county's Vector Control District began using drones this week to control mosquito larvae along San Francisco Bay and help prevent West Nile virus.West Nile virus is a significant public health concern, county officials said. The California Department of Public Health considers it the state's most common and severe vector-borne disease, causing more than 7,000 human infections and nearly 400 deaths since 2003 when it was first detected in California."It is critical for the District to access and treat marshland and other remote, non-residential areas in Santa Clara County that serve as breeding habitat for mosquitoes, which can transmit West Nile virus and other diseases once they mature. Some mosquitoes found in the Bay Area can fly up to 25 miles once they become adults," county officials wrote.Mosquitoes are typicall...

Trump participará en un foro de CNN en Nueva Hampshire

Published Wed, 26 Feb 2025 05:29:53 GMT

(CNN) —  El expresidente Donald Trump participará en un foro presidencial de CNN la próxima semana en Nueva Hampshire, anunció la cadena este lunes.Durante el evento, que conducirá la presentadora de “CNN This Morning” Kaitlan Collins y se transmitirá el 10 de mayo a las 9:00 p.m., hora de Miami, Trump responderá preguntas de los republicanos de Nueva Hampshire y los electores indecisos que planean votar en las primarias presidenciales del Partido Republicano de 2024.Trump es el principal favorito en la contienda por la candidatura republicana. Sin embargo, lo acusaron en Manhattan en un caso relacionado con pagos de dinero por silencio, realizados durante la campaña de 2016, a mujeres que afirmaron haber tenido relaciones extramatrimoniales con él, lo que el expresidente niega. También enfrenta la demanda la excolumnista E. Jean Carroll, quien asegura que Trump la agredió sexualmente a mediados de la década de 1990 y luego la difamó cuando ella contó la historia. Trump tambié...

Wild’s Eriksson Ek was limited in series by broken lower leg

Published Wed, 26 Feb 2025 05:29:53 GMT

ST. PAUL, Minn. (AP) — Minnesota Wild center Joel Eriksson Ek, whose participation in the first-round NHL playoff series loss to Dallas was limited to just one shift, was trying to play with a broken left leg that he wound up having surgery to fix.Eriksson Ek revealed Monday that he suffered a fractured fibula, the smaller of the two bones in the lower leg, from a shot he blocked April 6 at Pittsburgh. Eriksson Ek missed the last four regular-season games and the first two games of the series against the Stars before being cleared April 21 for Game 3. His return lasted only 19 seconds, and he had the procedure after that.“I was skating for I don’t know how many days before,” Eriksson Ek said. “I felt good, and then just first shift, yeah, it didn’t hold up.”The Stars eliminated the Wild in Game 6 with a 4-1 win Friday. Eriksson Ek would have potentially returned at some point had the Wild advanced. The presence of the seventh-year veteran was particularly missed on the power play an...

Environmental groups sue FAA over SpaceX Texas rocket launch

Published Wed, 26 Feb 2025 05:29:53 GMT

CAPE CANAVERAL, Fla. (AP) — Wildlife and environmental groups sued the Federal Aviation Administration on Monday over SpaceX’s launch last month of its giant rocket from Texas. SpaceX’s Starship soared 24 miles (39 kilometers) high before exploding over the Gulf of Mexico on April 20. The rocket’s self-destruct system caused the nearly 400-foot (120-meter) rocket to blow up, as it spun out of control just minutes into the test flight. An attorney for the Center for Biological Diversity, one of the plaintiffs, said the groups are suing over what they consider to be the FAA’s failure to fully consider the environmental impacts of the Starship program near Boca Chica Beach in South Texas. They asked the court to throw out the five-year license the FAA granted to SpaceX.The FAA declined comment, noting it doesn’t comment on ongoing litigation. The agency is overseeing the accident investigation and has ordered all SpaceX Starships grounded until it’s certain that public safe...

JJ Watt and wife Kealia invest in English club Burnley

Published Wed, 26 Feb 2025 05:29:53 GMT

BURNLEY, England (AP) — Former NFL star J.J. Watt and his wife, Kealia, have announced an investment in the English soccer club Burnley, which recently earned promotion to the Premier League.The recently retired Watt is a three-time AP Defensive Player of the Year while Kealia is an accomplished soccer player who has played for the United States and for several years in the National Women’s Soccer League.The two announced their investment Monday, with J.J. joking that he’s “officially retiring from retirement.”“When you invest in a club that’s been around since 1882, you must have great respect for its history and tradition,” said J.J. Watt in a statement released by the club on Monday. “We understand that not only are we investing in the squad and manager, we’re investing in the town and its people. We take that responsibility very seriously and intend to work hard in earning their trust and support.”The statement said Kealia Watt will be instrumental in helping develop the B...

Firm that hired kids to clean meat plants keeps losing work

Published Wed, 26 Feb 2025 05:29:53 GMT

OMAHA, Neb. (AP) — The slaughterhouse cleaning company that was found to be employing more than 100 children to help sanitize dangerous razor-sharp cutting equipment like bone saws has continued to lose contracts with the major meat producers since the investigation became public last fall.For its part, Packers Sanitation Services Inc., or PSSI as it is known, said it has taken a number of steps to tighten up its hiring practices but it says the rising number of child labor cases nationwide is likely related to the increase in the number of minors crossing the U.S. border alone in recent years.The scandal that followed the February announcement that PSSI would pay a $1.5 million fine and reform its hiring practices as part of an agreement with investigators also prompted the Biden administration to urge the entire meat processing industry to take steps to ensure no kids are working in these plants either for the meat companies or at contractors like PSSI.Federal investigators confir...

Bride dies at beach when speeding DUI driver slams golf cart

Published Wed, 26 Feb 2025 05:29:53 GMT

FOLLY BEACH, S.C. (AP) — A bride who had just got married was killed when a woman driving under the influence and well over twice the speed limit slammed into the back of a golf cart on a South Carolina beach road, authorities said.Data retrieved from Jamie Lee Komoroski’s rental car indicated she was driving 65 mph (105 kph) and only briefly hit the brakes before she hit the golf cart around 10 p.m. Friday on Folly Beach, investigators said.The speed limit on the island near Charleston is 25 mph (40 kph).Samantha Miller, 34, of Charlotte, North Carolina, died in the wreck, according to the Charleston County Coroner’s Office.Miller had just got married, Folly Beach Public Safety Department Director Andrew Gilreath said.Three others on the golf cart were injured. Gilreath said the golf cart had lights and was legal to drive at night.Komoroski, 25, is charged with reckless vehicular homicide and three counts of driving under the influence causing death. She faces one to 25...