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Fed criticized for missing red flags before bank collapse

Published Wed, 26 Feb 2025 01:35:08 GMT

WASHINGTON (AP) — The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.The Fed was the primary federal supervisor of the bank based in Santa Clara, California, that failed last week. The bank was also overseen by the California Department of Financial Protection and Innovation.Critics point to many red flags surrounding Silicon Valley Bank, including its rapid growth since the pandemic, its unusually high level of uninsured deposits and its many investments in long-term government bonds and mortgage-backed securities, which tumbled in value as interest rates rose.“It’s inexplicable how the Federal Reserve supervisors could not see this clear threat to the safety and soundness of banks and to financial stability,” said Dennis Kelleher, chief executive of Better Markets, an advocacy group.Wall Street traders and industry analysts “hav...

Where is the best pie in Denver metro area?

Published Wed, 26 Feb 2025 01:35:08 GMT

DENVER (KDVR) -- It's Pi Day. And while the day isn't actually about pie, there are a variety of businesses across the Mile High City serving up a delicious dessert.If you want to celebrate without thinking about math, but instead, by eating pie, we have you covered. 10 top-rated pizza places in the Denver metro area Top-rated pie in DenverHere is a look at the highest rated businesses for pie on Google in the Denver metro area with at least 4.4 stars and 200 reviews:Colorado Cherry Company- 4.8 stars for 329 reviewsDeby's Bakery - 4.8 stars for 391 reviewsDevil's Food Bakery- 4.7 stars for 438 reviewsGateaux- 4.7 stars for 326 reviewsGranny Scott's Pie Shop- Lakewood- 4.4 stars for 535 reviews Omonoia Bakery- 4.7 stars for 250 reviewsRheinlander Bakery- Arvada - 4.7 stars for 1,515 reviewsThe Pasty Republic- 4.7 stars for 265 reviewsTip Top Savory Pies- Lafayette- 4.8 stars for 365 reviewsTrompeau Bakery- Englewood- 4.7 stars for 545 reviews Instacart: Most popular pie in each ...

When is the first day of spring?

Published Wed, 26 Feb 2025 01:35:08 GMT

DENVER (KDVR) — It is getting warmer outside with highs in the 60s in the forecast for the next few days. We also just changed our clocks for daylight saving time.That must mean that spring is here, right? Not quite.The first day of spring is on Monday, March 20. The first day of meteorological spring was March 1. Hottest temperature ever recorded in Denver in March You might be wondering why there are two different dates for spring.The National Oceanic and Atmospheric Administration says there are astronomical seasons and meteorological seasons.Here are the meteorological seasons for 2023:Spring: March 1Summer: June 1Fall: September 1Winter: December 1 How much snow could Denver see in March? Here are the dates of the astronomical seasons for 2023:Spring: March 20Summer: June 21Fall: September 23Winter: December 21Speaking of spring, Easter will also be here before we know it. Easter is on Sunday, April 9 this year.

Suspect fires at officers attempting to serve warrant in NW Miami-Dade

Published Wed, 26 Feb 2025 01:35:08 GMT

There was danger on duty for some police officers as they were serving a warrant. Miami-Dade Police Department’s Special Response Team came under fire while serving the warrant at a home on Fifth Avenue and 82nd Terrace, Tuesday morning. “There was an individual in the master bedroom that was barricaded inside, and as they were approaching that master bedroom, multiple gunshots were fired from within that bedroom out,” said MDPD Det. Alvaro Zabaleta. According to police, the shots were fired at around 6:30 a.m. by a man at the center of a violent felony investigation. “Not only did he open fire towards our officers but had a total disregard that he had a 1-year-old inside of that bedroom as well,” Zabaleta said. No one was hurt during the standoff. This latest incident comes days after another MDPD officer came under fire and was grazed in the head as he tried to make an arrest. Five people were arrested during that incident, which included the accused ...

Dania Beach shooting injures 1; school lockdown lifted

Published Wed, 26 Feb 2025 01:35:08 GMT

A shooting that occurred on Tuesday has left one man injured.A nearby elementary school was locked down, but that lock down has since been lifted.The incident took place at around noon at a duplex located on Northwest Ninth Avenue. The authorities have cordoned off the area and are currently investigating the incident.The Dania Beach Police Department and the Broward Sheriff’s Office deputies were at the scene investigating the shooting. Out of an abundance of caution, nearby Collins Elementary School was put on lockdown as police searched for the shooter. According to authorities, an adult male was shot at least once and was immediately taken to Memorial Regional Hospital by rescue crews.Live video footage captured by 7SkyForce showed the wounded man arriving at the hospital’s trauma center seeking treatment. His condition is unknown at this time.School board police officers set up a perimeter around the school to ensure that anyone who fled from the shooting could not ...

EU Parliament chiefs spar over Spain’s stance on arming Ukraine 

Published Wed, 26 Feb 2025 01:35:08 GMT

STRASBOURG — The leaders of the two largest political groups in the European Parliament traded barbs Tuesday over the Spanish government’s stance on Ukraine.Spanish Socialist Prime Minister Pedro Sánchez is preparing to send Leopard tanks and more weapons to Ukraine, despite opposition from the far-left Podemos, the junior partner in the ruling coalition, which has warned this will only escalate the war and has pressed for peace talks.Manfred Weber, the leader of the center-right European People’s Party, said at a press conference that the tensions inside the government in Madrid could mean problems when Spain takes over the rotating presidency of the Council of the EU in July.“I would ask that Sánchez clarifies what is the opinion of the Spanish government in regard to Ukraine. We cannot accept any kind of uncertainty in such a moment of history,” the German EPP leader said, referring to a series of votes in the Spanish parliament last week in which Podemos voted differently to the...

Europe’s coronavirus vaccine glut leads to call for contract transparency

Published Wed, 26 Feb 2025 01:35:08 GMT

Poland’s Health Minister Adam Niedzielski called on the European Commission on Tuesday to explain why it entered into a large COVID-19 vaccine contract at the height of the pandemic that has left the bloc on the hook for millions of unused doses. Niedzielski was answering a request for comment by POLITICO on Commission President Ursula von der Leyen’s personal involvement in securing Europe’s biggest vaccine contract, for up to 1.8 billion doses of the BioNTech/Pfizer vaccine. The top EU official’s exact role in the negotiations has been an open question since the New York Times reported that she personally exchanged messages with Pfizer’s Chief Executive Albert Bourla in the run-up to the deal. The minister called the issue of how the negotiations were conducted “the next question mark.”“People are also asking questions in Poland. How it is possible that the number of doses is so high? … We want a straight explanation,” s...

More than two feet of snow hits parts of Mass. as nor’easter flakes head south before tapering off Wednesday

Published Wed, 26 Feb 2025 01:35:08 GMT

The nor’easter storm slamming New England left some communities in central Massachusetts with over two feet of snow while rain continued to switch to flakes closer to Boston.Road conditions were fairly clear for much of the metro area compared to parts of Worcester and Middlesex County, where crews spent the day trying to keep up with an onslaught of snowfall.Towns like Ashby (27.3″), Hubbardston (27″), and Fitchburg (20″) saw inches falling by the hour, as plows attempted to tackle loads of heavy, wet snow that brought down trees and power lines throughout the region.RELATED: Snow totals in New England (so far!) March 14Compared to the Worcester Hills, where totals were forecasted to average 18-24 inches, the snowfall appeared to drop off as precipitation made its way south, breaking off from the snow/rain line that held for most of the morning along I-495.https://twitter.com/joshwurster_/status/1635725955372122112As of the early afternoon, temperatures ...

EPA proposes first standards to make drinking water safer from ‘forever chemicals’

Published Wed, 26 Feb 2025 01:35:08 GMT

(CNN) — The US Environmental Protection Agency on Tuesday proposed the first national drinking water standard for “forever chemicals” that are dangerous to human health. The move could radically affect drinking water for nearly everyone in the United States.The new rule intends to set drinking water standards for six per- and polyfluoroalkyl substances, also known as PFAS or “forever chemicals.” PFAS are a family of ubiquitous synthetic chemicals that linger in the environment and the human body, where they can cause serious health problems.Although there are thousands of PFAS chemicals, according to the National Institutes of Health, under the rule, water systems would have to monitor for six specific chemicals, notify the public about PFAS levels and work to reduce them if levels go above the standard allowed.“I am thrilled to announce that EPA is taking yet another bold step to protect public health,” said US Envi...

Patriots reportedly signing Broncos O-lineman to 2-year deal

Published Wed, 26 Feb 2025 01:35:08 GMT

The Patriots have reached terms with their first outside free agent.Related ArticlesNew England Patriots | Jakobi Meyers explains decision to leave Patriots for team-friendly Raiders deal New England Patriots | Patriots WR Jakobi Meyers leaving for 3-year deal with AFC West team, per report New England Patriots | Retired Patriots captain Devin McCourty buys 37 billboards to thank fans New England Patriots | Source: Patriots expected to re-sign DT Carl Davis to 1-year deal New England Patriots | Patriots re-signing CB Jonathan Jones, one of their top free agents According to the NFL Network, the Pats and former Broncos offensive tackle Calvin Anderson have agreed to terms on a 2-year deal. Anderson projects as a swing tackle in New England, where Trent Brown is the only proven starter on the roster.Anderson, who turns 27 this month, has 11 career starts at left tackle and one at right tackle. Last season,...