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Breaking NewsMaryland NewsPolice Blotter

15-Year-Old Missing From Montgomery County

by Erica Schmidt August 8, 2022
By Erica Schmidt

MONTGOMERY COUNTY, MD- The Montgomery County Police Department is asking for the public’s help to find Tatum Tomlinson, a 15-year-old who was reported missing on Sunday.

Tatum is described to be approximately 5’6 and 112 pounds with blond hair and blue eyes. She was last seen in the 6700 block of Tomlinson Terrace, wearing a blue sweatshirt, white shorts, and white sneakers.

Tatum has a nose ring and earrings in both ears. She was carrying a large blue backpack and a large blue suitcase with wheels.

Anyone with information regarding the whereabouts of Tatum Tomlinson is asked to call the Montgomery County Police at 301-279-8000.

August 8, 2022 0 comments
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Financial News

European shares bounce back from U.S. jobs report hammering

by Reuters August 8, 2022
By Reuters

By Shreyashi Sanyal and Anisha Sircar

(Reuters) – European shares logged their best day in nearly two weeks on Monday after clocking falls in the previous week when a strong U.S. jobs report rekindled bets of another aggressive rate hike by the Federal Reserve.

The pan-European STOXX 600 index rose 0.8%, steadying after snapping two weeks of gains on Friday.

Nearly all sectors were up, with economically sensitive sectors including financial services and autos leading gains.

Focus shifts to a key inflation data from the world’s biggest economy later in the week. Global stock markets were spooked on Friday after data showed a large increase in U.S. employment, denting hopes that the Fed might let up in its series of rate hikes aimed at taming surging inflation.

Economic surprises: https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwylxjpo/Pasted%20image%201659946938721.png

After ending July with gains of over 7%, the STOXX 600 has struggled this month to extend the momentum on worries over dour economic data, rising geopolitical tensions and fears that higher interest rates could tip the economy into a recession.

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Investor morale in the euro zone was essentially unchanged in August from July, with a rise too little to stave off recession fears, a survey showed.

“We see recession in Europe as likely even absent big rate hikes as broad economic stress from an energy crisis bite…The European Central Bank and markets underappreciate the risk of the energy crunch causing a recession, and the ECB will eventually accept this and rethink its rate path,” wrote strategists at BlackRock in a note.

The world’s biggest asset manager is underweight on European equities as the energy price shock stoked by the Ukraine war puts the region at risk of stagflation, they added.

Meanwhile, European oil and healthcare stocks missed out the broader rally, up 0.6% and flat, respectively.

Crude prices held near multi-month lows on demand worries, while healthcare stocks were pressured by the U.S. Senate on Sunday passing a bill intended to lower drug prices, among other things. [O/R]

Danish brewer Carlsberg rose 1.5% after lifting its profit growth outlook for 2022, saying it has been able to resume Ukraine operations and log a strong performance in Europe and Asia.

Siemens Energy fell 1.0%, blaming a 200 million euro ($204 million) charge related to winding down its Russian business for a wider net loss in 2022.

Italian stocks lagged their European peers after global ratings agency Moody’s cut the country’s outlook to “negative” from “stable” on Friday.

(Reporting by Shreyashi Sanyal and Anisha Sircar in Bengaluru; Editing by Sriraj Kalluvila and Shinjini Ganguli)

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Breaking NewsD.C. NewsPolice Blotter

Man Hit By Car In D.C. Stabs Driver, Both Arrested

by Kristen Harrison-Oneal August 8, 2022
By Kristen Harrison-Oneal

WASHINGTON, D.C. – An argument that took place in Northeast D.C. ended with one hit by car, and one stabbed. Both were arrested. This incident happened on Saturday afternoon on 1200 block of Mount Olivet Road Street.

According to investigators, “At approximately 4:29 pm, multiple suspects were engaged in a verbal altercation at the listed location. One of the suspects entered a vehicle and intentionally hit another suspect with the vehicle. The struck suspect then brandished a knife and stabbed the driving suspect. The two suspects were placed under arrest and transported to area hospitals for treatment of non-life threatening injuries.

52-year-old Kenneth Brown of Northwest, D.C, and 51-year-old Michael Makell of Northeast, D.C., were arrested on Saturday and charged with Assault with a Dangerous Weapon.

If you have any information about this incident, please take no action but call the police at (202) 727-9099 or text 50411. This case remains under investigation.

August 8, 2022 0 comments
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Breaking NewsNew Jersey NewsNorth Jersey NewsPolice Blotter

Car Wash Worker Struck by Vehicle Before it Slammed Into Linden Furniture Store

by Charlie Dwyer August 8, 2022
By Charlie Dwyer

LINDEN, NJ – A car wash worker in Linden was struck by a speeding vehicle that crashed into a nearby furniture store after hitting him.

Linden police are investigating the crash which occurred around noon on Sunday when the vehicle jumped the curb and hit the worker before entering the store on St. George’s Avenue.

Police said the worker suffered non-life-threatening injuries and is expected to survive. Police did not say what caused the crash.

August 8, 2022 0 comments
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Top HeadlinesUS and World News

Chile sinkhole grows large enough to swallow France’s Arc de Triomphe

by Reuters August 8, 2022
By Reuters

(In Aug. 7 story, Lundin Mining corrects information to add Japan’s Sumitomo Metal Mining Co Ltd as a co-owner of the property, paragraph 6.)

(Reuters) -A sinkhole in Chile has doubled in size, growing large enough to engulf France’s Arc de Triomphe and prompting officials to order work to stop at a nearby copper mine.

The sinkhole, which emerged on July 30, now stretches 50 meters (160 feet) across and goes down 200 meters (656 feet). Seattle’s Space Needle would also comfortably fit in the black pit, as would six Christ the Redeemer statues from Brazil stacked head-to-head, giant arms outstretched.

The National Service of Geology and Mining said late on Saturday it is still investigating the gaping hole near the Alcaparrosa mine operated by Canadian company Lundin Mining, about 665 km (413 miles) north of Santiago.

In addition to ordering all work to stop, the geology and mining service said it was starting a “sanctioning process.” The agency did not provide details on what that action would involve.

Lundin did not immediately reply to a request for comment. The company last week said the hole did not affect workers or community members and that it was working to determine the cause.

Lundin owns 80% of the property and the rest is held by Japan’s Sumitomo Metal Mining Co Ltd and Sumitomo Corporation.

Initially, the hole near the town of Tierra Amarilla measured about 25 meters (82 feet) across, with water visible at the bottom.

The geology and mining service said it has installed water extraction pumps at the mine and in the next few days would investigate the mine’s underground chambers for potential over-extraction.

Local officials have expressed worry that the Alcaparrosa mine could have flooded below ground, destabilizing the surrounding land. It would be “something completely out of the ordinary,” Tierra Amarilla Mayor Cristobal Zuniga told local media.

(Reporting by Marion Giraldo; Writing by Daina Beth Solomon; Editing by Lisa Shumaker)

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Breaking NewsD.C. NewsPolice Blotter

Suspect In D.C. Screwdriver Stabbing Arrested

by Kristen Harrison-Oneal August 8, 2022
By Kristen Harrison-Oneal

WASHINGTON, D.C. – An argument that took place in Northwest D.C. ended with a a victim stabbed with a screwdriver, and a 46 year-old man arrested. This incident happened in the early hours Saturday mornings on the 5300 block of Georgia Avenue.

According to detectives, “At approximately 3:25 am, the suspect and the victim were involved in a verbal altercation at the listed location. During the altercation, the suspect brandished a screwdriver and stabbed the victim. The suspect was apprehended by responding officers. The victim was treated for non-life threatening injuries.”

46 year-old Guzman Roberto of Northwest, D.C. was arrested on Saturday and charged with Assault with a Dangerous Weapon.

August 8, 2022 0 comments
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Financial News

Qualcomm to spend $4.2 billion more on chips from GlobalFoundries

by Reuters August 8, 2022
By Reuters

(Reuters) -Qualcomm agreed to buy an additional $4.2 billion in semiconductor chips from GlobalFoundries’s New York factory, bringing its total commitment to $7.4 billion in purchases through 2028, according to a filing released Monday.

The announcement expands on a prior $3.2 billion purchasing agreement between the two companies and will produce chips for use in 5G transceivers, Wi-Fi, automotive and Internet of Things (IoT) connectivity.

U.S. chipmaker Qualcomm, which specializes in mobile phone chips, was one of GlobalFoundries’ first customers to sign a long-term agreement in 2021, covering multiple geographies and technologies, according to a press release published by the firms.

GlobalFoundries Chief Executive Thomas Caulfield said in a statement that having Qualcomm as a long-term customer of its upstate New York factory would help, along with federal and state funding, to expand the company’s U.S. manufacturing footprint.

The U.S. Senate last month passed sweeping legislation to subsidise the domestic semiconductor industry, providing about $52 billion in government subsidies for semiconductor production and an investment tax credit for chip plants estimated to be worth $24 billion.

“With major new federal incentives for microchip manufacturing in the United States, I look forward to many more announcements like this to come,” said Senate Majority Leader Chuck Schumer.

The European Union has also eased funding rules for innovative semiconductor plants to boost its chip industry and cut dependence on U.S. and Asian suppliers.

Intel and GlobalFoundries have announced expansion plans on both continents to benefit from the subsidies, with GlobalFoundries partnering with STMicroelectronics to build a $5.7 billion semiconductor factory in France.

The announcement came as the heads of GlobalFoundries, Applied Materials and carmakers Ford Motor and General Motors Co were set to meet at a closed-door summit with U.S. government officials on Monday to discuss administration plans to invest in semiconductors. [L1N2ZK0W4]

GlobalFoundries is the world’s third-largest foundry by revenue behind Taiwan Semiconductor Manufacturing Co Ltd and Samsung Electronics Co Ltd, but ranks second when stripping out Samsung’s foundry business that makes chips for other elements of the South Korean firm.

The company, which is majority owned by Abu Dhabi’s sovereign wealth fund Mubadala Investment Co, raised $2.6 billion in an initial public offering last year on the Nasdaq.

(Reporting by Alexandra Alper in Washington D.C. and Supantha Mukherjee in Stockholm; Editing by Kirsten Donovan and David Evans)

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Financial News

Musk says Twitter deal should go ahead if it provides proof of real accounts

by Reuters August 8, 2022
By Reuters

(Reuters) -Elon Musk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms.

“However, if it turns out that their SEC filings are materially false, then it should not,” Musk tweeted early on Saturday.

In response to a Twitter user asking whether the U.S. SEC was probing “dubious claims” by the company, Musk tweeted “Good question, why aren’t they?”.

Twitter declined to comment on the tweet when contacted by Reuters.

Twitter on Thursday dismissed Musk’s claim that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact”.

“According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds,” the filing released by Twitter on Thursday said.

Musk filed a countersuit Twitter on July 29, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase.

(Reporting by Juby Babu in Bengaluru; editing by Mark Heinrich and Jason Neely)

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Breaking NewsFlorida NewsPolice Blotter

Man Fatally Shot In Ortega Farms

by Jessica Woods August 8, 2022
By Jessica Woods

JACKSONVILLE, FL – Ortega Farms – Early Saturday morning on August 6th, a man was found shot behind the Palms at Ortega complex by a person who was walking their dog and called police.
Investigators responding to the shooting around 3:30am found the victim had been shot at least once and was rushed to the hospital where he later died.

Investigators are currently speaking with area residents and have made no arrests.

The Jacksonville Sheriffs Office is asking that if any residents/neighbors have surveillance video that could have caught the shooting and the suspect, to give them a call. Anyone with information about the incident is asked to contact the Jacksonville Sheriff’s Office at 904-630-0500 or CrimeStoppers at 1-866-845-TIPS.

August 8, 2022 0 comments
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Financial News

Column – Crop Watch: Western fields dinged by dryness; East fares better – Braun

by Reuters August 8, 2022
By Reuters

By Karen Braun

NAPERVILLE, Ill. – Crop Watch producers in the western U.S. Corn Belt trimmed crop ratings across the board after a hot and mostly dry week last week, though recent rains have bolstered prospects in the east.

Western areas are likely to face another hot and dry stretch this week, but cooler temperatures and rain chances in the east should prevent stress on those crops into mid-month.

The 11 Crop Watch producers have been reporting weekly on their yield potential and crop conditions. Both are scored on a 1-to-5 scale, with 3 representing average conditions and yield expectations, and 5 excellent health or near-record yields expected.

The 11-field average condition scores are slightly higher than the yield scores, suggesting there may be a slight bias for the crops to look better from the road than in reality. Condition and yield averages for both crops are very similar to year-ago ones.

Average corn condition fell to 4.0 from 4.07 last week on a large cut in North Dakota and smaller ones in South Dakota and western Iowa. Increases in Indiana and southeastern Illinois offset some of that.

The unweighted, 11-field average corn yield dropped to 3.93 from 3.98 last week on trims in the Dakotas, Nebraska and western Iowa, outweighing small boosts in Minnesota and southeastern Illinois.

The soybean scores rose slightly from last week, anchored by larger increases in Minnesota. Soy conditions rose to 3.89 from 3.84 and included improvements in both Illinois locations but declines in Nebraska, Kansas and western Iowa.

Soybean yield rose to 3.73 from 3.68 last week, the highest score since yield ratings started earlier in July. Better scores in Minnesota and southeastern Illinois offset shrinkage in Nebraska and Kansas.

WEATHER SUMMARY

About 1 inch (25 mm) of rain has fallen over the last six weeks in the North Dakota location, and corn plants are showing stress following what appears to have been successful pollination. More concerning is the complete lack of pods on the soybean plants thus far.

The South Dakota fields picked up 1.2 inches for the week and Minnesota added 1.9 inches, though the July dry stretch may have already clipped yield potential in South Dakota. Less than 2.5 inches of rain over the last seven weeks coupled with warmer temperatures have lowered hopes in Nebraska.

The Kansas crops have also suffered a hot and dry stretch, though soybeans and sorghum could still be helped by rains, which are not in the forecast. Short season corn harvest may begin next week for the Kansas producer, about 20 days early.

Crop Watch fields in western Iowa had been in excellent shape most of the summer, but more than three weeks with minimal moisture have taken a toll there. Some of the damage in corn is likely irreversible, but the fields received a “crop-saving” 0.75 inch of rain overnight into Monday.

The eastern Iowa and Illinois fields remain in excellent position for high yields, though the eastern Iowa producer notes that recently high humidity could introduce disease in the beans. Southeastern Illinois has been among the most consistent for rainfall this summer among Crop Watch locations.

The Indiana fields limped through another week with just 0.6 inch of rain over the last seven days, enough to maintain average yield hopes. Between 1 and 2 inches fell in the Ohio fields last week, and more rain could arrive mid-week.

The following are the states and counties of the 2022 Crop Watch corn and soybean fields: Griggs, North Dakota; Kingsbury, South Dakota; Freeborn, Minnesota; Burt, Nebraska; Rice, Kansas; Audubon, Iowa; Cedar, Iowa; Warren, Illinois; Crawford, Illinois; Tippecanoe, Indiana; Fairfield, Ohio.

Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.

Graphic: Crop Watch Producers 2022 (https://fingfx.thomsonreuters.com/gfx/ce/gkplgzkdevb/Crop_Watch_Producers_2022_v2.jpg)

Karen Braun is a market analyst for Reuters. Views expressed above are her own.

(Editing by Matthew Lewis)

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Breaking NewsD.C. NewsPolice Blotter

D.C. Police Search For Armed Carjacking Suspects Captured On Surveillance

by Kristen Harrison-Oneal August 8, 2022
By Kristen Harrison-Oneal

WASHINGTON, D.C. – The Washington, D.C. Metro Police Department is investigating an armed carjacking that happened in the early hours Saturday morning. This incident took place on the 5100 block of F Street in Southeast, D.C.. Sixth District detectives are asking for help identifying the suspects.

Detectives say, “At approximately 2:04 am, the suspects approached the victim, who was in a vehicle at the listed location. The suspects brandished handguns and attempted to open the doors of the victim’s vehicle. The victim was able to flee the scene in the vehicle.”

Surveillance cameras in the area captured the suspects.

If you have any information about this incident, please call the police at 202-727-9099 or TEXT TIP LINE by sending a text message to 50411.

August 8, 2022 0 comments
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Breaking NewsD.C. NewsPolice Blotter

D.C. Burglary Suspect Caught On Surveillance

by Kristen Harrison-Oneal August 8, 2022
By Kristen Harrison-Oneal

WASHINGTON, D.C. – The Washington, D.C. Metro Police Department is investigating a burglary that took place on August 2nd. This incident took place on the 900 block of 17th Street in Northeast D.C. Fifth District detectives are asking for the public’s help in identifying the suspect.

According to investigators, “At approximately 4:43 am, the suspect forcibly entered an establishment at the listed location. Once inside, the suspect took property then fled the scene.”

A nearby surveillance camera captured the suspect.

If you have any information about this incident, please call the police at 202-727-9099 or TEXT TIP LINE by sending a text message to 50411. This stabbing remains under investigation.

August 8, 2022 0 comments
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Financial News

Cox Enterprises acquires digital media firm Axios

by Reuters August 8, 2022
By Reuters

(Reuters) – Cox Enterprises said on Monday it has acquired digital media firm Axios as part of its ongoing efforts to further diversify the conglomerate.

The financial terms of the deal were not disclosed.

However, the New York Times earlier reported the deal valued Axios at $525 million, according to two people familiar with the matter.

Axios co-founders Jim VandeHei, Mike Allen and Roy Schwartz will continue to lead editorial decisions at Axios, Cox Enterprises said in a statement.

Cox, which operates Cox Automotive and Cox Communications, also owns the Atlanta Journal-Constitution, Dayton Daily News and other newspapers in Ohio.

(Reporting by Eva Mathews in Bengaluru; Editing by Shailesh Kuber)

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Breaking NewsD.C. NewsPolice Blotter

31 Year-Old Man Shot To Death In Northeast DC

by Kristen Harrison-Oneal August 8, 2022
By Kristen Harrison-Oneal

WASHINGTON, D.C. – The Homicide Branch of the Washington, D.C. Metro Police Department is investigating the shooting death of a 31 year-old man in Northeast, D.C.. This incident happened on the 300 Block of 50th Street in Northeast D.C. shortly after midnight yesterday morning.

According to police, “At approximately 12:17 am, members of the Sixth District responded to the listed location for the sounds of gunshots. Upon arrival, the members located an adult male victim suffering from apparent gunshot wounds. DC Fire and Emergency Medical Services responded to the scene and transported the victim to an area hospital. After all life-saving efforts failed, the victim was pronounced dead.”

31-year-old Adrian Mack, of Greenbelt, Maryland was names as the victim.

If you have any information about this case, please call the police at 202-727-9099 or TEXT TIP LINE by sending a text message to 50411.

August 8, 2022 0 comments
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Financial News

Whirlpool to buy InSinkErator for $3 billion to beef up kitchen presence

by Reuters August 8, 2022
By Reuters

By Nathan Gomes

(Reuters) -Home appliance maker Whirlpool Corp said on Monday it would buy Emerson Electric Co’s InSinkErator unit, which makes waste disposal equipment and hot water dispensers, for $3 billion to beef up its kitchen equipment offerings.

InSinkErator, which has an over 70% market share in the food waste disposal industry, is a popular household name in the United States. Following the acquisition, InSinkErator will add to Whirlpool’s home portfolio of washing machines, refrigerators and dishwashing equipment.

InSinkErator makes food waste disposers that are integrated into kitchen sinks to help breakdown garbage, which then flows directly to wastewater treatment plants or a septic system.

Whirlpool, which plans to fund the deal through cash and debt, said during an investor call that it expects InSinkErator to benefit from a strong replacement cycle and strength in the long-term U.S. housing industry.

Berenberg analyst Philip Buller said Whirlpool can also use InSinkErator to expand its presence outside North America, where waste disposal system penetration rates are much lower.

InSinkErator posted a trailing twelve-month revenue of $595 million as of March end. It was founded in 1938 and was bought by Emerson in 1968.

The deal, expected to close in the fourth quarter, will also help Emerson Electric slim down its structure, following footsteps of other conglomerates, as it works to reposition itself as a technology-focused firm.

“Once upon a time big was great, because you’re going into all these emerging markets, which were high growth, you needed a big resource to do it. That’s not the story today,” said William Blair analyst Nicholas Heymann.

Greenhill & Co. LLC served as the financial adviser for Whirlpool, while Wachtell, Lipton, Rosen & Katz served as the legal counsel.

(Reporting by Nathan Gomes in Bengaluru; editing by Neha Arora and Shailesh Kuber)

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Financial News

UPS to buy Italy’s Bomi Group to boost healthcare logistics capability

by Reuters August 8, 2022
By Reuters

(Corrects assets to 350 vehicles from facilities in paragraph 5)

(Reuters) – United Parcel Service Inc said on Monday it would buy Italy-based healthcare-logistics firm Bomi Group for an undisclosed amount to bolster its capability in delivering medicines that require cold storage.

Healthcare logistics is among the areas the delivery firm has been focusing after it expanded temperature-controlled supply-chain logistics to support the deployment of COVID-19 vaccines globally.

UPS has been focusing on high-margin businesses to offset a decline in volume, as the pandemic-fueled e-commerce boom softens following easing of COVID-related measures.

Europe is the largest region outside of the United States where UPS operates, and it accounted for nearly half of the company’s international package segment revenue last year, according to filings.

The world’s biggest package delivery firm expects to add more than 350 temperature-controlled vehicles, and more than four million square feet (0.37 square kilometer) across 14 countries from the deal.

The deal will allow for faster shipping times and greater production flexibility in the delivery of next-generation pharmaceutical and biologic treatments, UPS said in a statement.

Founded in 1985, Bomi Group helps healthcare providers with warehousing and temperature-controlled supply chain logistics for sensitive pharmaceutical products across Europe and South America.

Atlanta-based UPS did not disclose financial details of the transaction, but the Wall Street Journal, which first reported the news on Sunday, said it was for several hundred million dollars.(https://on.wsj.com/3BOoINA)

JPMorgan acted as the sole adviser to UPS.

Bomi’s chief executive officer, Marco Ruini, will continue to head the Italian firm after the deal, UPS said, adding that Bomi’s employees would continue in the combined organization.

(Reporting by Jahnavi Nidumolu and Kanjyik Ghosh in Bengaluru; Additional reporting by Elvira Pollina and Kannaki Deka; Editing by Muralikumar Anantharaman, Rashmi Aich, Neha Arora and Vinay Dwivedi)

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Breaking NewsFlorida NewsPolice Blotter

Shooting in Arlington Manor Neighborhood

by Jessica Woods August 8, 2022
By Jessica Woods

JACKSONVILLE, FL – Arlington – At 2am on Monday morning in the Arlington Manor neighborhood, officers responding to a robbery found a man shot in the road on Perch Drive. His injuries were not life threatening and the man was taken to an area hospital.

Investigators are actively working to learn more information.

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Financial News

French utility Veolia agrees to sell Suez UK assets to Macquarie for 2.4 billion euros

by Reuters August 8, 2022
By Reuters

PARIS -French utility company Veolia confirmed it would sell Suez’s UK waste business to Australia’s Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion), a deal aimed at resolving antitrust concerns.

Earlier, Veolia said that it was proposing to sell off its former rival, Suez’s UK waste business, after Britain’s Competition and Markets Authority (CMA) raised objections to the Veolia/Suez combination.

Veolia’s shares rose around 3% in early trading, top performer on Paris’ SBF-120 equity index. They pared gains but were still up 2.5% in the afternoon.

“Following this transaction, Veolia will remain a major player in the waste sector in the United Kingdom and, more broadly, in the environmental services market in the region, which remains strategic for the group,” said Veolia chief executive Estelle Brachlianoff.

During a conference call, Brachlianoff said she was “very confident” over obtaining all the regulatory approvals regarding the deal, adding it should be finalised by the end of the year.

She also said a small asset sale in the industrial water business was still needed in Britain.

“After the disposal of the remedies agreed with the European Commission and the signature of the agreement with Macquarie Asset Management, almost all of the antitrust divestitures will have been finalised less than a year after the acquisition of Suez,” the company added.

The disposals, amounting to a total of 3.4 billion euros, would also result in a major reduction in Veolia’s debt leverage.

Suez said in a statement the Veolia-Macquarie deal was conditional to its right of first refusal.

“Suez confirms its interest in buying back its old UK assets and will study the conditions of the agreement with Macquarie. After that, Suez well decide whether or not to exert its right of first refusal,” it said.

It added that following notification by Veolia, Suez will have 30 working days to acquire the assets under the same terms and conditions as Macquarie.

In December last year, Veolia and Suez won EU antitrust approval for their 13 billion euro tie-up, after a months-long dispute including legal action and a move by Suez to ring-fence its French water business from Veolia, though that was later abandoned after the companies reached an agreement.

The deal was later closed on Jan. 7, with Veolia controlling 86% of Suez.

($1 = 0.9821 euros)

(Reporting by Benjamin Mallet and Benoit Van Overstraeten;Editing by Sudip Kar-Gupta and David Gregorio)

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Breaking NewsD.C. NewsPolice Blotter

D.C. Police Say Young Girl Kidnapped During Car Theft

by Kristen Harrison-Oneal August 8, 2022
By Kristen Harrison-Oneal

WASHINGTON, D.C. – The Washington D.C. Metro Police Department is investigating an automobile stolen with a juvenile female left unattended inside. This incident happened on the Unit Block of Thomas Circle Thursday evening. Police are asking for help in identifying the suspect.

Police say, “At approximately 6:33 pm, the suspect entered a vehicle, which was left unattended, with a juvenile female inside. The suspect then drove away with the vehicle. The juvenile female was located unharmed a short time later. The vehicle has since been recovered.”

Nearby surveillance cameras captured the suspect.

If you have any information about this incident, please take no action but call the police at (202) 727-9099 or text your tip to the Department’s TEXT TIP LINE at 50411.

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Conservative TimesPoliticsUS and World News

EXCLUSIVE: Illegal Border Crossings, Migrant Deaths Shattered Records In Fiscal Year 2022

by The Daily Caller August 8, 2022
By The Daily Caller

EXCLUSIVE: Illegal Border Crossings, Migrant Deaths Shattered Records In Fiscal Year 2022

Jennie Taer on August 8, 2022

Border Patrol agents have encountered a record number of 1,853,837 migrants since October, according to internal U.S. Customs and Border Protection (CBP) data exclusively obtained by the Daily Caller News Foundation.

The illegal border crossings, which occurred between Oct. 1, 2021, and Aug. 6 2022, already exceed the 1,662,422 Border Patrol encountered in fiscal year 2021, which was already a record high for the force, according to the internal data.

The record number comes after Department of Homeland Security (DHS) Secretary Alejandro Mayorkas assured the public in July that “the border is secure.”

The number of migrant rescues and deaths also surpass the record highs of fiscal year 2021. In total, there were 19,144 rescues and 663 deaths between Oct. 1, 2021 and Aug. 6, 2022.

There were 18,881 illegal alien rescues and 650 illegal alien deaths between October 2021 and July 2022, and the new numbers show the devastation is only increasing, according previous data the DCNF earlier exclusively obtained.

National Border Patrol Council President Brandon Judd told the DCNF that the blame is on President Joe Biden.

“This should surprise no one. There is no ceiling with this Administration, only excuses. When the Deputy Press Secretary says something as stupid as this is 21st century border security, you know things are only going to get worse,” Judd said.

“It’s almost as if Biden wants cartels to continue generating record profits, and continue to abuse vulnerable women and children,” he added.

Neither DHS nor CBP responded to the DCNF’s requests for comment.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact The Daily Caller News Foundation

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact  [email protected]. Read the full story at the Daily Caller News Foundation

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HICKS: Democrats Are Rolling Out Yet Another Bidenflation Scam

by The Daily Caller August 8, 2022
By The Daily Caller

HICKS: Democrats Are Rolling Out Yet Another Bidenflation Scam

Tommy Hicks on August 7, 2022

Biden and Democrats’ “Inflation Reduction Act of 2022” — more aptly described as the new Bidenflation Scam — is seriously deceptive and out-of-step with the economic reality Americans currently face as the United States falls into a recession.

Sen. Joe Manchin, who greenlit the bill late last week, said this when he first ran for the Senate in 2010: “I don’t think during a time of recession you mess with any of the taxes or increase any taxes.” Former President Barack Obama once said the same thing.

So what changed?

The U.S. is officially in a recession after the economy shrank for the second consecutive quarter. Yet the Democrat-led bill would without a doubt raise taxes on Americans. According to the Joint Committee on Taxation, Americans making as little as $30,000 would pay more, with over half of the estimated new tax burden in 2023 paid by Americans making under $400,000. To help collect, the bill would double the size of the IRS and further expand the already gargantuan federal government.

Obviously, more taxes is the last thing 58% of Americans who are currently struggling to live “paycheck to paycheck” need. But it’s also the last thing small businesses can stand right now.

Democrats are trying to sell their bill as raising money by closing “loopholes” — or carried interest many businesses use to reinvest in their companies. Really, what Democrats are pushing is a “book tax” that would shrink the economy and destroy 23,000 jobs.

According to Brian Riedl, an economic expert at the Manhattan Institute: “Deducting business investments is not a random loophole, it’s one of the longstanding centerpieces of business tax policy.” More appropriately, then, Democrats’ bill would hamper growth and worsen supply-demand balances.

To top it off, Democrats’ bill takes direct aim at American manufacturers.

According to the National Association of Manufacturers, in 2023 alone the bill would kill over 218,000 jobs, shrink the economy by $68 billion, and reduce workers’ wages by over $17 billion. Crushing American manufacturing during a Democrat-created recession is a bad idea. Instead, our country needs to be building out our made-in-America infrastructure and creating jobs — not hollowing them out.

In short, Democrats either lack basic economic knowledge, or they are lying to the American people. There is no point in deciding. It’s both.

The very title Democrats gave the bill — “Inflation Reduction Act of 2022” — is a boldfaced lie, and should be reason enough to view the bill as a scam. According to the Penn Wharton Budget Model, the bill would have no impact on inflation. In fact, it would “very slightly increase inflation until 2024” (emphasis added).

Given all this, what’s in it for the American people? The bill’s focus is largely on “Energy Security and Climate Change” programs. As Biden and Democrats now tout the “incredible transition” their anti-American energy policies have created, we already know what this will leave Americans with: higher prices and nothing but demands from Biden administration officials to buy expensive electric vehicles.

Industry experts already confirm this. The methane tax in the bill, for instance, would increase natural gas costs by 17% — or $100 a year for the average American family.

It’s clear that if Americans simply know the truth behind the bill, and what it will do to their pocketbooks, this latest ploy by Biden and the left to remake America leaves congressional Democrats even more vulnerable in November. Already, 82% of Americans say the economy is “poor.” This bill would only worsen every problem plaguing our economy.

Democrats who vote for this bill will be accountable to American voters in less than four months. In the meantime, let’s be honest: this is the newest Bidenflation Scam.

Tommy Hicks is the co-chairman of the Republican National Committee. 

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.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact The Daily Caller News Foundation

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact  [email protected]. Read the full story at the Daily Caller News Foundation

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‘No Reason To Be Fearful’: Dem Senator Tells Taxpayers Not To Worry About IRS Expansion

by The Daily Caller August 8, 2022
By The Daily Caller

‘No Reason To Be Fearful’: Dem Senator Tells Taxpayers Not To Worry About IRS Expansion

Harold Hutchison on August 8, 2022

A Democratic senator claimed during a Sunday Fox News appearance that American taxpayers should not worry about a massive expansion of the Internal Revenue Service (IRS) in legislation passed by the Senate.

“Millions of Americans aren’t going to be impacted by that, other than getting better service from the IRS, having their telephone answered and getting the questions they need in order to comply with our tax laws,” Sen. Ben Cardin of Maryland told “Fox News Sunday” host Mike Emanuel, who asked about the $80 billion expansion.

The expansion of the IRS would include adding 87,000 new agents to the agency, with more than $45.6 billion being earmarked for enhanced tax enforcement. The legislation moved through the Senate after Democratic Sens. Joe Manchin of West Virginia and Chuck Schumer of New York reached an agreement for it to proceed.

WATCH:

“The auditing is going to be focused on those of high income, the large corporations etc., so there’s no reason to be fearful and if you paid your taxes and comply with our laws, you should want to make sure everyone else does,” Cardin continued.

The IRS came under fire after ProPublica received and published tax information on some of the wealthiest Americans in 2021, and a similar leak involving conservative organizations occurred in 2013. An investigation into the leak is ongoing.

The agency also came under fire for allegedly targeting the Tea Party during the Obama administration. Lois Lerner, a central figure in the scandal, faced no criminal charges as a result of the scandal.

Cardin did not immediately respond to a request for comment from the Daily Caller News Foundation.v

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact The Daily Caller News Foundation

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact  [email protected]. Read the full story at the Daily Caller News Foundation

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Mother, Child Rescued From Capsized Boat Surviving in Air Bubble as Vessel Submerged

by Charlie Dwyer August 8, 2022
By Charlie Dwyer

BERKELEY TOWNSHIP, NJ – A 23-foot-long pleasure craft sunk off the coast of Island Beach State Park after capsizing near the Barnegat Inlet. Six people were rescued, but a mother and her 4-year-old child were trapped under the boat as it sunk below the surface.

The incident happened shortly after 7 pm,  U.S. Coast Guard Petty Officer Mikaela McGee. It is estimated that the mother and her daughter were trapped under the boat for 25 minutes before being rescued.

Reports detail how a Barnegat Light beach patrol member eventually went into the water and under the boat to make the rescue after multiple attempts to flip the boat had failed. The woman was able to call 911 while trapped inside the capsized boat, officials reported today.

Local agencies were assisted by the New Jersey State Police marine unit and the U.S. Coast Guard Barnegat Light station.

August 8, 2022 0 comments
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Financial News

U.S. consumers’ inflation outlooks drop sharply, NY Fed survey shows

by Reuters August 8, 2022
By Reuters

(Reuters) – U.S. consumers’ expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, indicating U.S. central bankers are winning the fight to keep the outlook for price growth well-anchored as they battle to tame high inflation.

Median expectations for where inflation will be in one year tumbled 0.6 percentage point to 6.2% and the three-year outlook fell 0.4 percentage point to 3.2%, the lowest levels since February of this year and April of last year, respectively.

For the one-year outlook, the fall in expectations was driven by big drops in year-ahead price growth changes for gasoline and food, with the decline in anticipated gasoline price growth being the second largest in the survey’s nine-year history and the decline in food price growth the largest ever.

Inflation expectations are a key dynamic being closely watched by Fed policymakers as they aggressively raise interest rates to contain price pressures running at four-decade highs. The Fed has raised its policy rate by 225 basis points since March as it seeks to return inflation to its 2% goal.

In June, the deterioration in U.S. consumers’ inflation outlook was cited by policymakers who pushed through a 75-basis-point interest rate hike at their policy meeting that month. Fed officials have flagged that the possibility of another rate rise of that magnitude will depend on inflation, employment, consumer and economic growth data between now and their next policy meeting on Sept. 20-21.

The results of the New York Fed’s latest monthly Survey of Consumer Expectations provide some encouragement that things are improving even as a benchmark reading of consumer prices due later this week is expected to show little relief from inflation.

The Labor Department’s Consumer Price Index for July, due to be released on Wednesday, is expected to show headline prices rose by 8.7% from a year earlier, a slight decline from the prior month on the back of falling gasoline prices. Another key measure which strips out volatility from energy and food prices, however, is forecast to accelerate to 6.1% on an annual basis, compared to 5.9% in June.

The median household spending growth expectation fell for the second straight month from May’s record high, the New York Fed’s survey also showed, to 6.9% in July, the lowest level since February. The 1.5-percentage-point drop was the largest in the series history and was broad-based across age, education and income groups surveyed.

In the labor market, expectations that the unemployment rate will be higher a year from now edged 0.2 percentage point lower to 40.2% while the mean perceived probability of losing one’s job also saw a slight decline. The mean probability of quitting one’s job over the next year rose to 19.5% in July from 18.6% in the prior month. A high quits rate is seen as reflecting worker confidence in the labor market.

The New York Fed’s internet-based survey taps a rotating panel of 1,300 households and is structured so that a roughly equal amount of data are collected every week of the month.

(Reporting by Lindsay Dunsmuir; Editing by Paul Simao)

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Financial News

Bed Bath & Beyond jumps as retail investors chase highly shorted stocks

by Reuters August 8, 2022
By Reuters

By Medha Singh

(Reuters) – Shares of Bed Bath & Beyond Inc jumped 39.0% on Monday as retail investors flocked to the highly shorted stock of the home goods maker, likely piling pressure on those with bearish bets on it.

“We do believe there is currently a short squeeze playing out in BBBY,” said Evan Niu, analyst at Ortex, adding that 45% of the firm’s free float was shorted.

A jump in the price of shorted shares can force bearish investors to buyback shares at a higher price to limit losses. The rush of demand from short sellers looking to exit bets pushes rising stock prices even higher, resulting in a short squeeze.

The stock was last up at $11.33, a near three-month high, looking to extend its gains for the ninth straight session. If gains hold, Bed Bath & Beyond’s market value is set to double to over $900 million since the rally began on July 27.

Bed Bath & Beyond was the most bought stock among retail brokerage Fidelity’s customers with more than three buy orders for every sell order. It was also the most actively traded stock across U.S. exchanges with 54.5 million shares changing hands by 10:18 a.m. ET (1418 GMT).

“These types of extremely large moves are outliers but they do happen time and time again,” said Adam Sarhan, chief executive officer at 50 Park Investments.

“But most of the time these exaggerated moves are short-lived and the stocks tend to go back down.”

The company in June replaced Chief Executive Officer Mark Tritton as part of a management shake-up as it reported a 25% slump in first-quarter net sales.

GameStop and AMC Entertainment, which were at the heart of a retail trading frenzy in early 2021, jumped 8.8% and 13.8%, respectively, rising for at least the sixth straight session.

(Reporting by Medha Singh in Bengaluru; Editing by Shinjini Ganguli)

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