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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

Chronic Absenteeism Tied To Historic Learning Loss: REPORT

by The Daily Caller August 14, 2023
By The Daily Caller

Chronic Absenteeism Tied To Historic Learning Loss: REPORT

Reagan Reese on August 14, 2023

Students who missed the most amount of school are suffering the largest learning loss, according to FutureEd, an outlet that focuses on analysis for policymakers and education-related issues.

Following the COVID-19 pandemic, K-12 reading scores took their largest-ever drop while math scores declined for the first time in 2022, according to the National Assessment of Educational Progress, known as the “Nation’s Report Card.” Students who missed three or more days ahead of Nation’s Report Card testing scored worse on the test than students who weren’t absent, according to FutureEd.

Fourth-grade students who missed three or more days in the month before the Nation’s Report Card reading test scored 17 points lower than students who weren’t absent at all, the report showed. Those same students scored 12 to 13 points lower than students who missed one to two days in the month before the test.

Researchers suggest that 10 to 12 points represents an entire grade level, according to FutureEd.

Of eighth-grade students, low-income children who missed three or more days scored 15 points lower on the Nation’s Report Card math test than those who didn’t miss class and 10 points lower than students who missed one or two days, the report showed. Of students who do not come from low-income households, those who missed three or more days scored 17 points lower than students who did not miss class.

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From 2015 to 2022, the amount of chronically absent low-income fourth-grade students rose from 15% to 41%, the report states. Of students who do not come from low-income households, the chronically absent rate rose from 15% in 2015 to 29% in 2022.

Students are chronically absent at historic rates, after the COVID-19 pandemic which kept students from in-person learning for months; more than 25% of students missed at least 10% of classes during the 2021-2022 school year, totaling an estimated 6.5 million students who have become chronically absent. In the 2018-2019 school year, 15% of students were missing the same amount of school.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 14, 2023 0 comments
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

Top Dem Donor And Alleged Fraudster Will Be Confined In Infamously Brutal New York Jail

by The Daily Caller August 14, 2023
By The Daily Caller

Top Dem Donor And Alleged Fraudster Will Be Confined In Infamously Brutal New York Jail

Jason Cohen on August 14, 2023

Disgraced former crypto tycoon Sam Bankman-Fried will be confined in a notoriously rough jail in Brooklyn, New York, until his trial, Reuters reported.

Bankman-Fried will be held at the Metropolitan Detention Center until his scheduled trial in October following U.S. District Judge Lewis Kaplan’s Friday decision to revoke his bond over probable cause he tampered with witnesses, according to Reuters. MDC has faced ongoing issues with understaffing, power outages, maggots in prisoners’ meals and corruption in recent years.

An MDC guard pleaded guilty in March to receiving bribes in exchange for smuggling drugs, and criminal defense lawyers denounced the jail’s conditions as “inhumane” in January 2022. An electrical fire during winter in 2019 disrupted MDC’s lighting and heating for days, coinciding with temperatures dropping close to zero degrees, according to Reuters.

Convicted sex trafficker Ghislaine Maxwell’s attorneys asserted that raw sewage entered her cell when she was confined at MDC, according to Reuters.

Detention at MDC would prevent Bankman-Fried from “fully participat[ing] in his defense” due to the defendant’s inability to access the internet and discovery materials at the facility, his attorneys argued in a letter to the judge on August 1.

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“The MDC is currently in a staffing crisis, which will make it impossible for the MDC to provide sufficient access to the discovery, which is unusually voluminous and complex,” the letter asserts. “Moreover, the prison does not permit inmates to have internet access, which will cut off Mr. Bankman-Fried from key parts of the discovery entirely and render the rest effectively unreviewable.”

The judge placed a temporary gag order on Bankman-Fried in July due to alleged witness tampering after leaking his former girlfriend and business partner Caroline Ellison’s diary entries to The New York Times, according to CNN Business.

Bankman-Fried had been under house arrest at his parents’ California home on a $250 million bond after the Bahamas extradited him to the U.S. when his cryptocurrency exchange FTX collapsed in December.

Bankman-Fried is slated to face seven charges in October, including defrauding FTX customers and lenders, according to the NYT. Prosecutors allege that he masterminded a scheme to divert billions of dollars from customers’ FTX deposits to fund campaign contributions, donations to charities and real estate acquisitions.

Bankman-Fried’s attorney did not immediately respond to the Daily Caller News Foundation’s request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 14, 2023 0 comments
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

ALAN DERSHOWITZ: No, The 14th Amendment Can’t Disqualify Trump

by The Daily Caller August 14, 2023
By The Daily Caller

ALAN DERSHOWITZ: No, The 14th Amendment Can’t Disqualify Trump

Alan M. Dershowitz on August 14, 2023

Several academics—including members of the conservative Federalist Society—are now arguing that Section 3 of the 14th Amendment prohibits Donald Trump from becoming president. They focus on the language that prohibits anyone who “shall have engaged in insurrection or rebellion…or given aid or comfort to the enemies thereof” from holding “any office.” The amendment provides no mechanism for determining whether a candidate falls within this disqualification, though it says that “Congress may by a vote of two-thirds of each house, remove such disability.” Significantly, the text does not authorize Congress—or any other body or individual—to impose the disqualification in the first place.

A fair reading of the text and history of the 14th Amendment makes it relatively clear, however, that the disability provision was intended to apply to those who served the Confederacy during the Civil War. It wasn’t intended as a general provision empowering one party to disqualify the leading candidate of the other party in any future elections.

First, the text. Section 4 of the 14th amendment provides the following: “But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave.”  It seems clear that this provision was intended to apply to a particular insurrection and rebellion—namely the Civil War that resulted in the “emancipation“ of enslaved people. There were no slaves to be emancipated in the United States after that war.

Moreover, the absence of any mechanism, procedure or criteria for determining whether a candidate is disqualified demonstrates that the amendment did not lay down a general rule for future elections involving candidates who were not part of the Confederacy. It was fairly evident who participated in the Civil War on the part of the South. No formal mechanism was needed for making that obvious determination. If the disqualification had been intended as a general rule applicable to all future elections, it would have been essential to designate the appropriate decision maker, the procedures and the criteria for making so important a decision.

In the absence of any such designation, it would be possible for individual states to disqualify a candidate, while others qualify him. It would also be possible for the incumbent president to seek to disqualify his rival, or for a partisan congress to do so. There is no explicit provision for the courts to intervene in what they might regard as a political question. So elections might be conducted with differing interpretations of eligibility and no procedures for resolving disputes about them. It is absolutely certain that if Trump were disqualified by some person or institution dominated by Democrats, and if the controversy were not resolved by the Supreme Court, there would be a constitutional crisis.

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Finally, there is the hypocrisy of some who argued in defense of race-specific affirmative action that the equal protection clause of the 14th Amendment should be interpreted in light of its post-Civil War history to protect only previously enslaved people and their descendants, rather than members of the white majority. They would interpret the equal protection clause narrowly and limited by its immediate history, while interpreting the disqualification clause broadly to apply to all candidates in all elections. A fair reading of the amendment leads to the opposite conclusion: the broad language of section 2 of the equal protection clause (“nor shall any state… deny any person within its jurisdiction the equal protection of the laws”) strongly suggest general application without being time-bound; whereas the more specific language of sections 3 and 4 (referring to emancipated slaves and using words that were commonly used to describe the confederate insurrection and rebellion against the Union) suggests a more time-bound application.

Interpreting this post-Civil War amendment as a general provision for disqualifying candidates who some people may believe participated in what they regard as an insurrection or rebellion—as distinguished from a protest or even a riot—would create yet another divisive weapon in our increasingly partisan war. It would be used by Republicans against candidates who may have supported (gave “aid or comfort” to) riots such as those that followed the killing of George Floyd or other violence-provoking events.

The Constitution articulated limited qualifications for presidential eligibility. Beyond those neutral criteria, the decision should be made by voters, who are free to consider the participation of a candidate in activities with which they disagree. Unless an amendment was clearly intended to further limit these qualifications, the voters are the ones to decide who is to be their president. The vague language of the 14th Amendment falls far short of what should be required for so radical a departure from our electoral process.

Alan M. Dershowitz is the Felix Frankfurter Professor of Law, Emeritus at Harvard Law School, and the author most recently of The Price of Principle: Why Integrity Is Worth The Consequences. He is the Jack Roth Charitable Foundation Fellow at Gatestone Institute, and is also the host of “The Dershow” podcast. This piece is republished from the Alan Dershowitz Newsletter.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 14, 2023 0 comments
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Breaking News

Nearly 35% of New Jersey Whale Deaths Since 2016 Happened in Past 9 Months

by Conservative Times August 14, 2023
By Conservative Times

NEW JERSEY – A concerning trend in humpback whale deaths has been identified in New Jersey, with 10 out of the 28 recorded deaths since 2016 occurring within the past nine months. This constitutes a staggering 35.7% of the total deaths in this period.

According to NOAA Fisheries, elevated humpback whale mortalities have been observed along the Atlantic coast from Maine through Florida since January 2016. The situation was declared an Unusual Mortality Event (UME) in April 2017 and included stranded humpback whales from that year.

While some of the whales have shown evidence of pre-mortem vessel strikes, this finding is inconsistent across all examined cases, and more research is needed to determine the underlying causes.

The increase in deaths, especially in such a short period, has prompted NOAA to assemble an independent team of scientists. This team will coordinate with the Working Group on Marine Mammal Unusual Mortality Events to review data, sample stranded whales, and establish the next steps in the ongoing investigation.

Some are blaming the sharp increase in whale deaths at the Jersey Shore on sonar mapping being conducted off the coast of the Jersey Shore by companies seeking to build offshore wind turbine farms. Although many of the whales reported in the past nine months have appeared to have been struck by vessels, opponents of the wind farms say the whales’ biological sonar systems are being interfered with by the offshore mapping.

Orsted has maintained the vessel Northstar Voyager, which has operated off the Jersey Shore has not conducted sonar mapping since last summer. Instead, the company said earlier this year it is only drilling samples from the ocean floor.

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However, an NJ 101.5 report claimed the company says it is conducting surveys.

“Atlantic Shores Offshore Wind and Ørsted have confirmed that sonar has been used extensively along the Jersey coast to find suitable locations for wind turbines,” NJ 101.5 reported.

August 14, 2023 0 comments
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Breaking NewsPennsylvania NewsPolice Blotter

Chambersburg Police Investigating Hit and Run

by Leo Canega August 14, 2023
By Leo Canega

CHAMBERSBURG, PA – On last Tuesday, the Chambersburg Police Department (CPD) was called to investigate a reported hit and run on the 900 block of Lincoln Way E.

The complainant claimed that her vehicle was rear-ended by another while she was waiting at a traffic signal.

The driver of the colliding vehicle then fled the scene.

The CPD has released a photo of an individual believed to be linked to the investigation.

While this person is currently a person of interest and not a confirmed suspect, the police are seeking the public’s assistance in identification. Anyone with information can contact CPD or provide a tip via Crimewatch.

Chambersburg Police Investigating Hit and Run
August 14, 2023 0 comments
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Handcuffs used during police arrest.
Breaking NewsPennsylvania NewsPolice Blotter

Church Thieves Caught Red Handed

by Ryan Dickinson August 14, 2023
By Ryan Dickinson

RENOVO, PA – The Renovo Police Department has officially charged Jordan Mooney, a 23-year-old resident of Renovo, following an incident at the Salvation Army/Methodist Church located at 127 7th St on August 3.

Mooney, accompanied by a 15-year-old juvenile, reportedly entered the church, gathered several items with intentions of theft, and hid when employees arrived.

The duo even switched off the building’s power.

The employees eventually discovered Mooney and the juvenile in hiding and contacted the police.

 Currently, there is an active felony warrant for Mooney’s arrest. The Renovo Police Department is seeking the public’s help in locating Mooney and can be reached at 570-923-2268.

Church Thieves Caught Red Handed
August 14, 2023 0 comments
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Breaking NewsPennsylvania NewsPhiladelphia News

19-Year-Old Missing in Central Philadelphia

by Erica Schmidt August 14, 2023
By Erica Schmidt

PHILADELPHIA, PA- The Philadelphia Police Department is seeking the assistance of the public in locating Tamia Washington, who has been reported missing. Tamia was last seen on Wednesday, August 8, 2023, at approximately 5:40 pm, in the area of the 1500 block of Arch Street.

Tamia is 19 years old, stands at a height of 5’7″, and weighs around 120 lbs. She has brown eyes and black hair. At the time she was last seen, she was wearing a black hoodie and black sweatpants.

If you have any information regarding the whereabouts of Tamia Washington, please get in touch with Central Detectives at 215-686-3093 or contact 911 immediately.

August 14, 2023 0 comments
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Business News

Russian stocks retreat from pre-invasion high as rouble rebounds

by Reuters August 14, 2023
By Reuters

By Alexander Marrow

(Reuters) – Russia’s benchmark stock index retreated on Monday from its highest since before Moscow sent troops into Ukraine on Feb. 24, 2022, after the central bank suddenly announced an emergency policy meeting on Tuesday, ending a sharp slide in the rouble.

President Vladimir Putin’s economic adviser blamed the central bank’s “soft monetary policy” for the weakness of the currency, which has come under heavy pressure from Russia’s shrinking current account surplus and demand for foreign currency outstripping supply.

But after slumping to its weakest in almost 17 months past 101 per dollar, the rouble pared all intraday losses to strengthen after the central bank announced an extraordinary policy meeting, to be held on Tuesday, raising expectations for a hike in borrowing costs.

The bank last raised its key rate by 100 basis points to 8.5% on July 21.

“Another significant increase in the key rate is likely,” said BCS World of Investments in a note.

By 1510 GMT, the rouble was 1% stronger against the dollar at 98.45 , firming back below the 100 threshold.

It gained 1.4% to trade at 107.23 versus the euro and firmed 1.8% against the yuan to 13.45 <CNYRUBTOM=MCX>, also paring intraday losses against both.

Sweeping volatility has become the norm for Russian assets. Stocks on Monday briefly hit their highest since before Moscow launched what it calls a “special military operation” in Ukraine, before falling back.

The rouble-based MOEX Russian index was 0.1% higher at 3,157.1 points.

“The unstoppable and puzzling growth of the USD/RUB rate… continues to support retail investors’ interest in equities as a way to save their depreciating rouble savings,” said Sinara Investment Bank in a note.

The dollar-denominated RTS index was up 0.7% to 1,008.3 points.

“Geopolitical risk has gone into the background,” said Yulia Goldina, senior analyst at BCS. “It seems we have got used to living in these circumstances.

“The main reason for the (MOEX index’s) growth is the weakening of the rouble,” Goldina said. “After all, the share of exporters in the rouble index is about 60%.”

Brent crude oil, a global benchmark for Russia’s main export, was down 0.7% at $86.24 a barrel, not far from a more than seven-month high hit last week, but the rouble has struggled to benefit.

A trader at a large Russian bank told Reuters the market was confused: “Everyone is ready for the inflow of revenues from expensive oil, but it seems to be hanging somewhere, and our regulators are somehow indifferent, there is nothing to rely on.”

(Reporting by Alexander Marrow; Editing by Bernadette Baum and Gareth Jones)

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August 14, 2023 0 comments
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Breaking NewsPennsylvania NewsPhiladelphia News

85-Year-Old Woman Missing in East Philadelphia

by Erica Schmidt August 14, 2023
By Erica Schmidt

PHILADELPHIA, PA- The Philadelphia Police Department is appealing to the public for aid in locating Margaret Josey, a missing individual who is also considered endangered. Margaret was last seen on Sunday, August 13, 2023, at 8:00 am, in the vicinity of the 2900 block of North 8th Street.

Margaret is 85 years old and has a height of 5’0″. She weighs approximately 125 lbs. Her features include black hair and brown eyes.

If you possess any information regarding the whereabouts of Margaret Josey, kindly reach out to East Detectives at 215-686-3243 or dial 911 immediately.

August 14, 2023 0 comments
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80-Year-Old Man Reported Missing i Northeast Philadelphia

by Erica Schmidt August 14, 2023
By Erica Schmidt

PHILADELPHIA, PA- The Philadelphia Police Department is reaching out to the public for assistance in locating George Hooper, a missing individual from the 7700 block of Hasbrook Avenue. George was last seen inside his residence on Sunday, August 13, 2023, at 1:00 am.

George is 80 years old and weighs 140 pounds. He has grey hair and blue eyes. At the time he was last seen, he was wearing a black shirt and black shorts. Authorities have reason to believe he may be in the vicinity of Jeanes Hospital or Burholme Park.

If you have any information regarding the whereabouts of George Hooper, please contact the Northeast Detective Division at 215-686-3153 or dial 911 immediately.

August 14, 2023 0 comments
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Business News

AMC Entertainment to effect 10:1 reverse split on Aug. 24

by Reuters August 14, 2023
By Reuters

(Reuters) – AMC Entertainment Holdings said on Monday its 10-to-1 reverse stock split will take place on Aug. 24 and its preferred shares “APE” will be converted to common stock on Aug. 25.

The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to $2.09.

AMC aims to increase its Class A common stock to 550 million from about 524 million, it said in a regulatory filing.

The company would make a settlement payment of one Class A common stock for every 7.5 Class A shares to the entitled shareholders after the reverse stock split.

The move follows a revised stockholder settlement, which was approved by a Delaware judge last week.

AMC was sued in February for allegedly rigging a shareholder vote that would allow it to convert preferred stock to common stock and issue hundreds of millions of new shares.

(Reporting by Chavi Mehta in Bengaluru; Editing by Arun Koyyur)

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August 14, 2023 0 comments
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Missing Philadelphia Child Last Seen Leaving Home

by Erica Schmidt August 14, 2023
By Erica Schmidt

PHILADELPHIA, PA- The Philadelphia Police Department is seeking the public’s help in locating Naji Deas-Drayton, a 13-year-old resident of the 6300 block of Argyle Street. Naji was last seen at his residence on Friday, August 11, 2023, at 3:00 pm.

Naji stands at a height of 5’9″ and has brown hair and brown eyes. Unfortunately, there is currently no available description of his clothing. There is a possibility that he may be in the vicinity of 6100 Hasbrook Avenue.

Authorities are urging anyone with information about the whereabouts of Naji Deas-Drayton to reach out to the Northeast Detective Division at 215-686-3153 or to immediately call 911.

August 14, 2023 0 comments
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Business News

Kraft Heinz CEO Patricio to step down, hand baton to insider

by Reuters August 14, 2023
By Reuters

By Deborah Mary Sophia

(Reuters) -Kraft Heinz’s CEO Miguel Patricio will step down from the role and be succeeded by Carlos Abrams-Rivera, the president of its North American business, starting next year, the packaged food maker said on Monday.

Patricio joined Kraft Heinz in July 2019 as the company bet on a marketing veteran to help reverse years of muted sales and market share losses to brand-name competitors and private-label players.

In February of that year, the company had recorded a $15.4 billion write-down related to its Kraft and Oscar Mayer brands.

Patricio, who had previously spent two decades at Budweiser owner Anheuser-Busch InBev, oversaw Kraft Heinz’s efforts to revitalize brands including Oscar Mayer by ramping up investments.

Kraft Heinz also divested its nuts business under Patricio to reduce exposure to private-label competition, while stepping up marketing spend and streamlining its supply chain.

Abrams-Rivera will take on the added responsibility as president of Kraft Heinz, effective immediately, while Patricio will remain non-executive chair of the board, the company said.

Abrams-Rivera joined Kraft Heinz in early 2020 and is credited with steering the company’s North American business through the pandemic, having previously held key roles at Campbell Soup and Mondelez International.

“The announcement was a bit sudden to us, given that Patricio’s only been here since 2019,” CFRA Research analyst Arun Sundaram said.

“But I also think this is a good time for a transition because there are new challenges that the company will be facing over the near- and medium-term.”

Abrams-Rivera takes the helm when demand is easing for Kraft Heinz’s packaged meals and condiments as higher prices force consumers to shun branded products and turn to cheaper alternatives, tasking the new CEO with boosting volumes and winning back market share.

Sundaram said he sees mergers and acquisitions as “an important driver” for Kraft Heinz. “I do think we’ll see some acquisitions in the near- to medium-term,” he added.

Kraft Heinz, also known for Philadelphia Cream Cheese and Jell-O, earlier this month left its annual forecasts unchanged after missing estimates for quarterly sales.

(Reporting by Deborah Sophia in Bengaluru; Editing by Saumyadeb Chakrabarty, Varun H K and Sriraj Kalluvila)

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August 14, 2023 0 comments
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Breaking NewsPennsylvania NewsPhiladelphia News

Endangered 61-Year-Old Woman Missing In Philadelphia

by Erica Schmidt August 14, 2023
By Erica Schmidt

PHILADELPHIA, PA- The Philadelphia Police Department has issued a request for the public’s assistance in finding Patricia Walker, who is considered to be an endangered missing person. Patricia was last seen on Friday, August 11, 2023, in the 2100 block of Oxford Ave. Her residence is in the 5700 block of West Oxford Avenue.

Patricia is 61 years old with a height of 5’4″. She has a thin build, a medium brown complexion, short grey hair, and brown eyes. Unfortunately, there is no available description of her clothing at this time.

Those who possess any information about Patricia Walker’s whereabouts are urged to get in touch with the Southwest Detective Division at 215-686-3183 or to dial 911 immediately.

August 14, 2023 0 comments
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Breaking NewsLottery WinnersNew York News

$50K Winning Powerball Ticket Sold in New York

by Erica Schmidt August 14, 2023
By Erica Schmidt

NEW YORK, NY- The New York Lottery has officially announced the sale of one third-prize-winning ticket for the Powerball drawing held on August 12.

The winning ticket was purchased at SNY Enterprise, situated at 880 Merrick Road in Copiague. This retailer sold a prize-winning ticket that was valued at $50,000.

The Powerball game involves drawing winning numbers from a range of one to 69, while the red Power Ball is drawn from a separate range of one to 26. The Powerball drawing takes place three times a week, every Monday, Wednesday, and Saturday, with the broadcast airing at 10:59 p.m.

August 14, 2023 0 comments
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Opinion - EditorialPoliticsTop HeadlinesTrending NewsUS and World News

New York Official Who Touted Vetting Of Migrants Now Closing Off County To Them After Two Alleged Sexual Assaults

by The Daily Caller August 14, 2023
By The Daily Caller

New York Official Who Touted Vetting Of Migrants Now Closing Off County To Them After Two Alleged Sexual Assaults

Jennie Taer on August 14, 2023

A Democratic official in New York who previously touted the vetting of migrants is now attempting to stop them from coming to his county after two alleged sexual assaults, according to a recent statement from his office.

Erie County Executive Mark C. Poloncarz is telling Democratic New York City Mayor Eric Adams to stop busing migrants until security is ensured, according to a recent statement. Cheektowaga Police Chief Brian Gould announcedSaturday the arrest of a migrant, 22, at a local hotel who allegedly sexually assaulted a woman, 27, from Buffalo who was working at the hotel.

The migrant was charged with sexual abuse and unlawful imprisonment, Gould said, adding that the hotel should no longer be used for migrants. Another recent incident involved a migrant from Venezuela allegedly raping a woman in front of a 3-year-old child, the New York Posted reported.

“I demanded that Mayor Adams pause all further transportation of asylum seekers to our community until such time as we can resolve all security issues. He agreed and informed me they will not send any additional persons to Erie County at this time,” Poloncarz said in a statement Saturday.

“We also discussed the need for a new and improved security plan, especially considering DocGo, the third party hired by New York City to run the hotel operations, may have interfered with this investigation. Mayor Adams agreed that we need to address all security concerns with the hotels. We have already begun discussing ways to increase security and reduce any threat to our community,” Poloncarz said.

To address the security concerns, Democratic New York Gov. Kathy Hochul will also deploy the National Guard at each of the hotels housing migrants, Poloncarz said.

Poloncarz previously emphasized the vetting of migrants in a June video posted to Twitter.

“The asylum seekers who recently arrived from NYC are legally in this country and have been vetted by federal authorities,” Poloncarz said in the tweet.

“I know there’s been unfortunately in the last 24 hours a lot of racist and bigoted statements on social media and other places. But, as I have noted in the past, unless your ancestors are Native Americans, everyone came from somewhere else. These are asylum seekers who are legally in the country and we will assist them through the various mechanisms that exist,” Poloncarz added.

Poloncarz is now expressing doubts about New York City’s vetting of the migrants coming to his county.

“We were assured of the safety, security and proper screening by New York City through DocGo. Clearly, that hasn’t been done,” Poloncarz said during Saturday’s news conference.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

August 14, 2023 0 comments
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Biden’s ‘Inflation Reduction Act’ Did Nothing To Bring Down Inflation, Economists Agree

by The Daily Caller August 14, 2023
By The Daily Caller

Biden’s ‘Inflation Reduction Act’ Did Nothing To Bring Down Inflation, Economists Agree

Will Kessler on August 14, 2023

The Inflation Reduction Act did nothing to address the causes of inflation and was instead named as such due to the politics of the moment, according to economists who spoke to The Associated Press.

Economists say that the $740 billion legislation, which was passed one year ago on Wednesday, does not deserve credit for bringing down inflation, and President Joe Biden has also come out to say that the legislation was not meant to address record-high inflation, according to the AP. Inflation reached 9.1% in June 2022 but has since come down to 3.0% in June and ticked back up to 3.2% in July.

“We can say with pretty strong confidence that it was mostly other factors that have brought inflation down,’’ Alex Arnon, economic and budget analyst for the University of Pennsylvania’s Penn Wharton Budget Model, told the AP. “The IRA has just not been a significant factor.’’

Before the bill was signed in August 2022, the Congressional Budget Office (CBO) said that the legislation would have a negligible effect on inflation, according to a letter by the CBO to Republican South Carolina Sen. Lindsey Graham.

“I can’t think of any mechanism by which it would have brought down inflation to date,” Jason Furman, Harvard University economist, told the AP.

“It has nothing to do with inflation: it has to do with the… $368 billion, the single largest investment in climate change anywhere in the world,” Biden said about the Inflation Reduction Act at a campaign reception in Albuquerque, New Mexico, on Aug. 8. “And it’s beginning to take hold.”

Instead, some economists are saying that factors like oil and gasoline prices falling from a high last year, the Federal Reserve’s interest rate hikes and recovered supply chains that were hurt by the COVID-19 pandemic are to credit for the fall in inflation, according to the AP.

At the July Federal Open Market Committee meeting, the Federal Reserve increased interest rates for the 11th time since March 2001, bringing rates within a target range of 5.25% and 5.50%. The rates are the highest they have been since January 2001.

The International Energy Agency projected that oil prices will continue to climb in the coming months following OPEC+ production cuts from Russia and Saudi Arabia that will constrict the supply of oil.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

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Niger’s Ousted President Faces ‘High Treason’ Charges, Death Penalty From Mutinous Military

by The Daily Caller August 14, 2023
By The Daily Caller

Niger’s Ousted President Faces ‘High Treason’ Charges, Death Penalty From Mutinous Military

Jake Smith on August 14, 2023

Despite warnings from the U.S. and West African nations, Niger’s mutinous military regime announced on Sunday that it will charge ousted President Mohamed Bazoum for “high treason,” a charge that could carry the death penalty, The Associated Press reported Monday.

Niger military spokesman Col. Maj. Amadou Abdramane said the regime had “gathered the necessary evidence” to prosecute Bazoum “for high treason high treason and undermining the internal and external security of Niger” during an announcement on state television Sunday evening. The announcement comes hours after Niger’s military regime said they’d be willing to discuss diplomatic options with West African nations, according to the AP.

If Bazoum is convicted, he could face the death penalty in accordance with Niger’s penal code, the AP reported.

Bazoum, the country’s democratically elected president, was overthrown by Niger’s military on July 26 and has since been held under house arrest with his wife and son in Niger’s presidential compound. The Economic Community of West African States (ECOWAS) ordered the deployment of standby forces in the region but not yet invaded Niger or engaged in conflict with the country’s military regime, according to the AP.

Hours before the announcement that Bazoum would be charged with treason, Niger’s military regime told journalists and a mediation team of Islamic scholars that they were open to discussions with ECOWAS, according to the AP. How the announcement will affect the discussions, which are set to take place this week, is unclear.

“Let’s see what these negotiations actually look like, because it’s also in the [military’s] benefit to in the least entertain talks. That doesn’t mean they’ll be serious about them,” said former U.S. State Department official Aneliese Berand, according to the AP.

The State Department did not immediately respond to a request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

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NY Fed survey finds broad cooling in inflation expectations

by Reuters August 14, 2023
By Reuters

By Michael S. Derby

NEW YORK (Reuters) – Americans said last month they expected weaker inflation over the next few years, and they also marked up their own views of their personal financial situations, according to a survey released on Monday by the New York Federal Reserve.

In its latest survey of consumer expectations, the regional Fed bank reported that respondents to its poll said inflation a year from now will likely stand at 3.5% compared to an expectation of 3.8% in June. The new reading is the lowest since April 2021. Expectations at the three- and five-year horizons both moderated to 2.9% from 3%, the New York Fed said.

The expected declines in future rates of inflation took place amid a moderation in price pressures in a number of key categories. The New York Fed said that in July the public predicted lower rates of inflation for gasoline, food, medical costs, college costs and rent, with that last measure ebbing to its lowest point since January 2021. Meanwhile, the expected rise in home prices moved to 2.8% in July from 2.9% in June.

The New York Fed released its report amid a cooling of key measures of inflation. The moderation has raised question as to whether the U.S. central bank will need to hike interest rates again after lifting its benchmark overnight target rate by a quarter of a percentage point to the 5.25%-5.50% range at a policy meeting last month.

The moderation in expected inflation is likely to be viewed as a positive for the outlook on price pressures, as policymakers view the predicted path of inflation as strongly influencing where it stands today.

The survey also found more positive tones regarding expectations over personal finance and the job market. The New York Fed said more respondents rated their personal financial situations positively and fewer viewed their situations negatively relative to a year ago. Those who expected their lot to be better a year from now rose to the highest level since September 2021.

The July report also found expectations about the outlook for the jobs market improved relative to June.

(Reporting by Michael S. Derby; Editing by Paul Simao)

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BioXcel cuts over 50% jobs as it pivots focus to retail market for agitation drug

by Reuters August 14, 2023
By Reuters

By Sriparna Roy

(Reuters) -BioXcel Therapeutics Inc said on Monday it will cut more than half of its workforce, as the drugmaker shifts its focus towards developing its agitation treatment for use in at-home settings, sending shares down about 46%.

The drugmaker said it was taking a three-step approach to restructure its business, including prioritizing development of its drug BXCL501 and reducing marketing expenses.

BXCL501 is being evaluated for use in retail and outpatient settings for treatment of acute agitation related to schizophrenia, bipolar disorders and in patients with mild-to-moderate dementia due to Alzheimer’s disease.

Sold under the brand name Igalmi, the drug is approved in the U.S. for use in hospital settings to treat agitation in adult patients with schizophrenia or bipolar disorder.

The company said it will reduce marketing expenses related to Igalmi, after a slower-than-expected demand in hospital settings.

“This summer has not progressed as we had anticipated,” said CEO Vimal Mehta on a conference call.

BioXcel is pausing the development of the drug as an additional treatment for major depressive disorder and is considering a sale of its oncology-focused private unit.

In the absence of additional funding, BioXcel expects its current cash resources of $127.5 million to last through mid-2024, compared with its previous forecast of 2025.

With the job cuts, BioXcel aims to reduce more than 50% of its cash burn to about $80 million annually, going forward.

In June, BioXcel had flagged issues with recording of safety data at a site where a late-stage trial of the drug for treatment of agitation in Alzheimer’s patients was being conducted. The company said an external audit was ongoing and an update can be expected by the end of the year.

BioXcel also plans to provide an update on its research pipeline later this year, which includes early-stage chronic agitation treatment BXCL502.

(Reporting by Sriparna Roy in Bengaluru; Editing by Krishna Chandra Eluri)

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$100K Maryland Riches Ticket Won in Bowie

by Erica Schmidt August 14, 2023
By Erica Schmidt

BOWIE, MD- A 70-year-old woman from Prince George’s County struck luck with a $100,000 top-prize win while playing the Maryland Riches scratch-off game. The winner made her winning discovery a few weeks ago while fueling up her car with gas and deciding to purchase a Lottery ticket.

Although she is not a frequent player of the Lottery, she is now grateful she opted to buy a $10 Maryland Riches scratch-off last month at the Kentland Shell in Hyattsville while refueling her car. Upon arriving home, she scratched the ticket and was astonished to see that she had won $100,000.

“I had to sit down and compose myself,” recalled the Bowie resident. “I wasn’t fully convinced until I scanned it the next day.”

After realizing the magnitude of her win, the grandmother decided to keep it a secret and stashed the winning ticket in a secure spot. She even refrained from informing her husband, who accompanied her to the Lottery Claim Center in Baltimore to claim the prize.

“It was just a few days ago that she told me,” her husband shared. “She simply said, ‘we need to head to Baltimore to claim a Lottery prize’.”

When collecting her winnings, the winner informed Lottery Officials that she intends to save her prize money. As a token of appreciation for selling the $100,000 top-prize winning scratch-off, the Kentland Shell located at 7777 Landover Road in Hyattsville will be awarded a $1,000 bonus from the Lottery.

This marks the second time a top-prize has been claimed in the Maryland Riches game since its launch in March. Seven $100,000 top prizes are still up for grabs, along with twenty-two $10,000 prizes, and numerous unclaimed prizes ranging from $10 to $1,000.

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Shooting in Colerain Township Sends One to Hospital

by Ryan Dickinson August 14, 2023
By Ryan Dickinson

COLERAIN TOWNSHIP, OH – An evening shooting in Colerain Township led to one man being hospitalized.

The Colerain Township Police received a distress call reporting a man shot on the 4000 block of Resolute Circle, around 8 p.m.

Information Officer Jim Love from the Colerain Township Police confirmed that the victim was promptly transported to UC Medical Center with injuries that are not life-threatening.

The events leading up to the shooting remain uncertain.

Officer Love mentioned that the investigation into the incident is ongoing, and more details will be shared as they emerge.

August 14, 2023 0 comments
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After Maui wildfires kill 96, search for the missing continues

by Reuters August 14, 2023
By Reuters

By Jorge Garcia and Mike Blake

KAHULUI, Hawaii (Reuters) -The death toll from the Maui wildfires reached 96 on Sunday as relatives of the missing frantically searched for signs their loved ones may still be alive, while survivors grappled with the scale of the disaster and sought solace at church services.

Days after the inferno destroyed much of the historic resort town of Lahaina on Tuesday and Wednesday, crews of firefighters were still battling flare-ups, and cadaver dogs were sifting through the town’s charred ruins in search of victims.

The death toll made the blaze Hawaii’s worst natural disaster, surpassing a tsunami that killed 61 people in 1960, a year after Hawaii became a U.S. state.

It was also the largest number of deaths from a U.S. wildfire since 1918, when 453 people died in the Cloquet fire in Minnesota and Wisconsin, according to data from the National Fire Protection Association.

Many of the survivors took to Sunday church services, including Akanesi Vaa, 38, who said her family got stuck in traffic while trying to escape the flames.

Vaa, her husband and her children aged 15, 13 and 9 fled on foot and jumped a fence to safety. Along the way, an elderly woman pleading for help handed her a baby to care for. The woman and her husband also made it over the fence.

“I think a lot of us needed to hear today’s message,” Vaa said after attending church at King’s Cathedral in Kahului.

“All these ashes are going to turn into beauty. I know Lahaina will come back ten times stronger.”

Scott Landis, pastor at Keawal’i Church, a United Church of Christ congregation in Makena, said an unusually large crowd of 100 showed, nearly double what he would have expected on a typical Sunday in August.

“They were really listening. You could tell people were here, looking for a word of hope,” Landis said.

Among them were people with family and friends unaccounted for, and “fearing the worst” he added.

People sifted through a crowd-sourced online database listing thousands of names of individuals who had been found, as well as of those who remained unaccounted for.

Hawaii Governor Josh Green warned at a press conference on Saturday the death toll would continue to climb as more victims were discovered. Dogs trained to detect bodies have covered only 3% of the search area, Maui County Police Chief John Pelletier said.

Family and friends mobilized on social media, asking for help in locating missing loved ones.

“Still searching for my in-laws,” Heather Baylosis wrote in a Saturday Instagram post. “People are being found alive and severely disoriented due to what they have gone through. We are holding out hope!”

Megan Sweeting wrote on her Facebook page, “MISSING: My Dad, Michael Misaka, has been missing since the Lahaina Fires started. If there is any information out there regarding my dad please let me know. I just need to know he is safe.”

Hundreds remained missing, though a precise count was unclear.

Hawaii Governor Green vowed to investigate the response to the blaze and the emergency notification systems after some residents questioned whether more could have been done to warn them.

Some witnesses said they had little warning, describing their terror as the blaze destroyed the town around them in what seemed like minutes. Others dove into the Pacific Ocean to escape.

Sirens stationed around the island, intended to warn of impending natural disasters, never sounded, and widespread power and cellular outages hampered other forms of alerts.

“We’ll know soon whether or not they did enough to get those sirens going,” Green told MSNBC.

The cost to rebuild Lahaina was estimated at $5.5 billion, according to the Federal Emergency Management Agency (FEMA), with more than 2,200 structures damaged or destroyed and more than 2,100 acres (850 hectares) burned.

(Reporting by Jorge Garcia and Sandra Stojanovic in Kahului, Hawaii, and Mike Blake in Makena, Hawaii; Additional reporting by Maria Caspani, Stephen Culp in New York and Anirudh Saligrama in Bengaluru; Writing by Maria Caspani and Daniel Trotta; Editing by Chris Reese, Lincoln Feast and Bernadette Baum)

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China Evergrande EV unit to issue fresh shares in restructuring plan

by Reuters August 14, 2023
By Reuters

(Reuters) -Embattled property developer China Evergrande Group said on Monday its listed electric-vehicle arm has agreed to issue new shares to certain subscribers to ease loan burden and improve liquidity as part of its restructuring proposal.

Under the terms, China Evergrande New Energy Vehicle Group (NEV) will issue an aggregate of 5.44 billion new shares in the unit for HK$3.84 per NEV share, pooling an amount of HK$20.89 billion ($2.67 billion).

The fresh issue is intended to pay off loans of NEV due against China Evergrande and its founder Hui Ka Yan, and his unit Xin Xin (BVI) Ltd, among others.

About 4.18 billion NEV shares to be issued to China Evergrande will be deposited into custody accounts under the mandatory exchangeable bonds into NEV shares (MEB) as well as the NEV Linked New Notes A2 and NEV Linked New Notes C2 to be issued by the company to its creditors.

The 690.1 million shares to be issued to Evergrande’s founder will be deposited into a custody account and used as exchange property for MEB.

In a separate announcement, NEV said it has agreed to issue 6.18 billion new shares to U.S.-listed NWTN for a total consideration of HK$3.89 billion, implying a subscription price of HK$0.6297 per share.

To aid business recovery, NWTN (Zhejiang) Automobile and Evergrande New Energy Vehicle (Tianjin) signed a support deal for interest-free funding of RMB600 million.

This funding will be used for the research and development, manufacturing, and sales services of vehicles under the group.

After completion, NWTN will hold about 27.50% stake in NEV.

Assuming the completion of NEV loan conversion, the shareholding interest of China Evergrande Group in NEV will be diluted to 46.86% and NEV will cease to be a non-wholly owned unit.

($1 = 7.8191 Hong Kong dollars)

(Reporting by Roushni Nair in Bengaluru; Editing by Shweta Agarwal)

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Chesapeake to complete Eagle Ford basin exit with SilverBow deal

by Reuters August 14, 2023
By Reuters

(Reuters) -U.S. natural gas producer Chesapeake Energy said on Monday it would sell its remaining Eagle Ford assets to SilverBow Resources for $700 million, completing its exit from the south Texas basin.

The company’s asset sales in the basin has generated total proceeds of more than $3.5 billion, including Monday’s deal.

Chesapeake said last year it viewed the Eagle Ford acreage as no longer core to its strategy and would focus on the gas-rich Marcellus and Haynesville shale formations.

It had sold parts of its operations in Eagle Ford to WildFire Energy for $1.43 billion in January and some positions to chemical maker INEOS for $1.4 billion the following month.

The Oklahoma City-based energy producer also faced pressure from activist investment firm Kimmeridge Energy Management, which has urged a shift toward solely natural gas production.

Chesapeake has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment.

Average net daily production from these properties was about 29,000 barrels of oil equivalent (boe) during the second quarter.

SilverBow said the deal, expected to close by the end of this year, would make it the largest public pure-play Eagle Ford operator and would immediately add to key financial and operating metrics.

The deal consists of a $650 million upfront cash payment due at closing and an additional $50 million deferred cash payment 12 months after close.

Chesapeake is also eligible to receive up to $50 million in additional contingent cash based on future commodity prices.

(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj Kalluvila)

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