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31 billionaires have more money than US Treasury

Published Wed, 26 Feb 2025 05:46:37 GMT

By Matt Egan | CNNNew York — Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.As of the close of business on May 25, Treasury had just $38.8 billion in cash, according to the latest federal data. That’s down from more than $200 billion earlier this month and nearing the bare minimum level of $30 billion.For context, 31 billionaires are each worth more than the federal government’s $38.8 billion in cash, according to the Bloomberg Billionaires Index.Some of them, like fashion mogul Bernard Arnault – are worth a lot more. Arnault, the chairman of luxury goods maker LVMH, has a net worth estimated at $193 billion. Tesla billionaire Elon Musk is worth $185 billion and Amazon founder Jeff Bezos has a net worth of $144 billion.The list of 31 billionaires worth more than Uncle Sam’s cash total includes household names like Michael Dell, legendary investor Warren Buffett and Facebook co-founder Mar...

Russia strikes Kyiv in daylight after series of nighttime barrages

Published Wed, 26 Feb 2025 05:46:37 GMT

By HANNA ARHIROVA (Associated Press)KYIV, Ukraine (AP) — Explosions rattled Kyiv during daylight Monday as Russian ballistic missiles took aim at the Ukrainian capital, hours after a more common nighttime barrage of the city by drones and cruise missiles.Russian forces fired 11 ballistic and cruise missiles at Kyiv at about 11:30 a.m. (0830 GMT; 4:30 a.m. EDT), according to Ukraine’s chief of staff, Valerii Zaluzhnyi. All of them were shot down, he said, and puffs of white smoke could be seen in the blue sky over the city from street level.Debris from the intercepted missiles fell in Kyiv’s central and northern districts during the morning, landing in the middle of traffic on a city road and also starting a fire on the roof of a building, the Kyiv military administration said. At least one civilian was reported hurt.The blasts unnerved some locals, already under strain after being awakened by the night attack.“After what happened last night, I react sharply t...

The nine most expensive reported home sales in Oakland the week of May 15

Published Wed, 26 Feb 2025 05:46:37 GMT

A house in Oakland that sold for $1.4 million tops the list of the most expensive residential real estate sales in Oakland in the past week.In total, nine residential real estate sales were recorded in the area during the past week, with an average price of $936,444. The average price per square foot ended up at $760.The prices in the list below concern real estate sales where the title was recorded during the week of May 15 even if the property may have been sold earlier.9. $390,000, condominium in the 400 block of Crescent StreetThe 629 square-foot condominium in the 400 block of Crescent Street, Oakland, has been sold. The transfer of ownership was settled in April and the total purchase price was $390,000, $620 per square foot. The condominium was built in 1971. The condominium features one bedrooms and one bathrooms.Crescent Street8. $603,000, condominium in the 300 block of Lee StreetThe sale of the condominium in the 300 block of Lee Street in Oakland has been finalized. The ...

Thousands of people attend unauthorized sideshow in Alameda

Published Wed, 26 Feb 2025 05:46:37 GMT

(KRON) -- Thousands of people arrived at Alameda Point Sunday afternoon for an "unpermitted" sideshow, the Alameda Police Department said. Man who drowned in Livermore lake identified by local coroner The sideshow took place at Alameda's former naval base, law enforcement said. Police were aware of the show, and APD had a group of officers focused on the event. Nearly 1,000 cars and 3,000 people were in attendance at the event, police said. A total of 64 citations were issued and five vehicles were towed. The California Highway Patrol also assisted police during the incident. KRON On is streaming now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Two different calls about sideshow activity were also addressed in the area. APD is still looking into the events, and is considering f...

Drunk Salinas teen causes fatal head-on crash, police say

Published Wed, 26 Feb 2025 05:46:37 GMT

(KRON) -- A 16-year-old boy was allegedly drunk behind the wheel of a BMW in Salinas when his BMW collided head-on into another vehicle, the Salinas Police Department said. "A DUI crash on Saturday night left a 33-year-old woman dead and three others with life-threatening injuries. The 16-year-old’s blood alcohol level was twice the legal limit," SPD wrote. The deadly wreck happened at 9:44 p.m. on North Davis Road near Hacienda Restaurant. There was a 31-year-old passenger inside the silver BMW with the teenager, police said. The boy lost control of the BMW, crossed over a center median into oncoming traffic, and collided head-on into a white Dodge Journey. according to SPD. The Dodge driver was critically injured, and a 33-year-old woman, who was a passenger in the Dodge, was killed. "The 16-year-old DUI driver, his passenger, and the 42-year-old survivor from the Dodge were taken to a local hospital with life-threatening injuries," the Salinas Police Department wrote. Anyone with...

Thousands without power in Santa Clara after squirrels chew through electric cable

Published Wed, 26 Feb 2025 05:46:37 GMT

(KRON) -- Thousands of customers were without power Monday morning in Santa Clara after squirrels chewed through an electric cable, according to Silicon Valley Power. The outage was first reported shortly before 9 a.m. Monday.The outage, in the western part of the city, impacted some 3,840 customers. "A troubleshooter is responding," the power agency tweeted. Power was soon restored to 1,614 customers, while 2,226 remain without power. Thousands of people attend unauthorized car show in Alameda As the agency's troubleshooter continued to investigate, it was learned that the cause of the outage was squirrels that had chewed through an electric cable."We are awaiting an update from the field on estimated restoration," the agency said.Silicon Valley Power is the City of Santa Clara's municipal electric utility.

Newsom meets with San Francisco political leaders, attends Democratic Party state convention

Published Wed, 26 Feb 2025 05:46:37 GMT

Inside California Politics Capitol Reporter Eytan Wallace joined Inside California Politics co-host Nikki Laurenzo to discuss Governor Newsom's meeting with San Francisco business and community leaders.The Governor also provided an update on the state's climate goals and attended California Democratic Party's convention in Los Angeles.

San Jose Mayor Matt Mahan discusses homelessness in California

Published Wed, 26 Feb 2025 05:46:37 GMT

San Jose Mayor Matt Mahan joined Inside California Politics co-host Frank Buckley to discuss the request made by California mayors for additional funding to fight homelessness. Mahan also describes the needs of cities in the fight against homelessness.

Fortalecer las piernas podría mejorar la evolución tras un infarto, indica un estudio

Published Wed, 26 Feb 2025 05:46:37 GMT

(CNN) — Cada vez hay más pruebas de que aumentar la fuerza muscular puede ser beneficioso para el corazón e incluso mejorar la evolución tras un infarto.Tener un mayor nivel de fuerza muscular en las piernas parece estar “fuertemente asociado” con un menor riesgo de desarrollar insuficiencia cardíaca después de un ataque al corazón, según una nueva investigación presentada este mes en Praga en el congreso científico Heart Failure 2023, de la Sociedad Europea de Cardiología.Los resultados no se han publicado en una revista revisada por expertos, pero ponen de relieve la importancia del ejercicio regular y el mantenimiento de la fuerza muscular en la tercera edad, ya que la masa muscular puede disminuir con la edad, lo que posiblemente afecte a la salud cardiovascular, señalaron Kensuke Ueno y el Dr. Kentaro Kamiya, investigadores del Departamento de Rehabilitación de la Facultad de Ciencias de la Salud de la Universidad de Kitasato (Japón) y autores de la nueva inve...

Cruise ship passengers left terrified after ship sails through rough seas on return to Charleston

Published Wed, 26 Feb 2025 05:46:37 GMT

CHARLESTON, S.C. (AP) — A cruise ship that navigated rough seas off the South Carolina coast over the Memorial Day weekend has resumed sailing on its next cruise, Carnival Cruise Lines said Monday.Terrified passengers on the Carnival Sunshine took to social media to post video of water pouring through a flooded hallway on a cabin level and pictures of on-board stores in shambles, with merchandise strewn about on the floor as large waves swelled on the sea.Passenger Daniel Taylor said the crew “left us blind, not reassuring us what was going on, where we were heading to, what the plan was,” WCIV-TV reported.“They could have updated us and let us know something,” he said.The Carnival Sunshine’s return to Charleston, South Carolina, from the Bahamas on Saturday was delayed by prolonged bad weather and rough seas in the area, the Miami-based company said in a statement to The Associated Press on Monday. The vessel’s next cruise scheduled to leave Charleston this ...